Isla Maritime opens Port Richey headquarters as Pasco growth accelerates

Isla Maritime trailer and salvage equipment parked beside a sailboat on a trailer in Port Richey.

Marine salvage firm Isla Maritime establishes Gulf Coast headquarters in Port Richey.

Tampa industrial real estate included in multi-state acquisition

Aerial view of downtown Tampa showing the skyline, Hillsborough River, and surrounding development.

A multi-state industrial portfolio deal includes Tampa properties signaling continued interest in Florida infill industrial real estate.

Basis Industrial acquires five Tampa Bay business parks for $60 million

Basis Industrial, a privately held real estate owner and operator, based in Delray Beach, has acquired a portfolio of five business parks in the Tampa Bay area, for $60 million. The acquisition, which closed March 19, adds 472,512 square feet to Basis’ holdings and doubles its footprint in the Tampa metropolitan area. Basis now owns … Read more

Equus Capital Partners affiliate acquires Lakeland industrial center for $38 million

An affiliate Equus Capital Partners Ltd., a national real estate investment manager, has completed the acquisition of a two-building, 299,241 square-foot industrial center located in Lakeland, for $38 million. The property, at 900 & 920 N. Chestnut Road, is located 4.2 miles from Lakeland Linder International Airport. The buildings were built in 2021 and were … Read more

How Pinellas County industrial & office markets are performing

►RLJ Lodging Trust sold the 362-room Vinoy Renaissance St. Petersburg Resort & Golf Club for a total consideration of $188.5 million, consisting of the contractual sales price of $185 million and the release of $3.5 million in member deposits.

INDUSTRIAL Economy The Tampa Bay economy accelerated over the past year, adding more than 26,200 jobs for an annual growth rate of 1.9 percent. As of February 2019, the unemployment rate in Pinellas County fell by 20 basis points over the past 12 months, to 3.3 percent. Nearly all industrial-related industries saw employment growth. Transportation, … Read more