Daniel Diaz Leyva, an attorney with Day Pitney, has facilitated the closing of a $16.5 million acquisition loan, in connection with a $37.8 million purchase of a retail strip, at Tyrone Square Mall, in St. Petersburg. Leyva represented the lender, Miami-based City National Bank of Florida. The buyer was Boston Capital and the seller was … Read more
Jafri Capital has arranged $3.6 million for the refinancing of two properties, in St. Pete Beach. All told, the firm has closed on $10 million dollars of arranged debt financing during the summer of 2023, in the Tampa-St. Petersburg metro area, according to a statement. Scott Glazer, of Lynx Mortgage Bank Commercial Division, originated the … Read more
St. Croix Capital Companies, an Austin-headquartered commercial real estate firm and its Tampa-based affiliate, Cowboys and Pirates, has acquired real estate, in Ybor City. Located at 1517 E. 5th Avenue, two blocks from Centro Ybor, across from the Centro Ybor Garage, the property will be the new home of Celebrity Cigars and Cigar TV. Owned … Read more
A listing represented by Denise Mei of Michael Saunders & Company was selected as the overall winner in the HGTV Ultimate House Hunt 2023, a monthlong online promotion held annually, on HGTV.com showcasing homes across the country. More than 1.2 million votes were cast to determine the winners among 84 finalists, in eight categories, according … Read more
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 … Read more
There is nothing quite like an exceptional hotel experience, including amenities such as a fitness center and pool. While hotels can offer attractive temporary living space for business trips, or vacations, they often lack the ability to provide the comforts of home. Combining the service, and amenities, of a boutique hotel with the comfort of … Read more
Jennifer Zales, a real estate professional with Coldwell Banker Realty, affiliated with the company’s Westshore office, was listed on the 2023 Real Trends The Thousand, as featured in The Wall Street Journal. Zales was ranked no. 56 on the list of the top individual agents in the United States based on achieving $224,139,110 in closed … Read more
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 … Read more
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 … Read more
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 … Read more
