Jafri Capital arranged a $6.5 million construction loan for four new construction homes on Redington Beach.
“We were attracted to this opportunity given its great location and the borrower has over twenty-five years of experience,” says Shahid Jafri, founder of Jafri Capital.
Jafri Capital has a strategic relationship with Lynx Mortgage Bank Commercial Division. Scott Glazer, a Tampa-based Lynx commercial loan officer, originated the loan.
Pendry Residences Tampa, a luxury hotel and residential tower being built in downtown Tampa, has residential sales now exceeding $200 million. Pendry Residences will offer homeowners a private residential lobby, elevator and rooftop pool. Residents will have full access to hotel services and amenities, including a dedicated residential staff. “Construction activity on site will move
The law of demand states that as the cost of a product rises, the quantity of demand falls. This concept goes further into the consumer psyche in explaining that when the cost of complementary goods go down, the demand for their complements go up. The free peanuts at the bar are designed to stimulate enhanced
Members of The Realty Alliance gathered, for three days, at The Ritz-Carlton Sarasota to discuss the real estate industry and how they managed to close $310 billion in real estate last year. Michael Saunders, founder and chief executive officer of Sarasota-based Michael Saunders & Company, is a member of this invitation-only network of North America’s
Coastal Construction received the the General Contractor Project of the Year award by Associated Builders and Contractors (Gulf Coast Chapter) for the company’s work on the Heron Residences, in Water Street Tampa. The award was given to Coastal Construction, the general contractor for the Heron, during the 2023 ABC Excellence in Construction Awards Ceremony held
Cushman & Wakefield, a real estate services firm, in Tampa, has arranged the $40 million sale of Bridgeport Center, a nine-story and 180,257-square-foot office building, in Tampa’s Westshore submarket. The office building was sold by an undisclosed seller and acquired by NAI/Merin Hunter Codman, according to a statement. Bridgeport Center is a Class A office
Trepp Developments President Rodrigo Trepp has expanded from South America to Florida’s West Coast with the development of Sota Hotel & Residences, a mixed-use project in downtown Sarasota. “My vision for our new Sarasota headquarters begins with the creation of the SOTA Hotel & Residences, which will be our first Trepp Developments project,” says Rodrigo
Kolter Urban, a Palm Beach-based real estate development and investment firm, has finished the construction of Hyde Park House Tampa. Located at 2103 Bayshore Boulevard, the 22-story development has 70 waterfront residences showcasing unobstructed views of Hillsborough Bay and the Tampa skyline. Designed by SB Architects and BDG Architects, in Tampa, with interiors by Decorators
The groundbreaking for Lake Wire, in downtown Lakeland, will take place on February 9. The groundbreaking, announced by developers Carter and Hunt Companies, will commemorate the start of Phase 1 of Lake Wire, spanning 22 acres, with plans for more than 15,000 square feet of retail space and 300 multi-family residential units, in west downtown
