Ritz Carlton Residences Tampa breaks ground on second phase (RENDERINGS)

Real estate developer Related Group broke ground on the second phase of The Ritz-Carlton Residences, Tampa Tower II, a condominium development on Bayshore Drive. The Residences is the Tampa debut for the Ritz-Carlton brand, with architecture by Arquitectonica and interiors by the design boutique Meyer Davis. Tower I of The Residences is sold out. Tower … Read more

Climate First Bank relocates St. Petersburg headquarters

Climate First Bank has relocated its St. Petersburg headquarters to 182 37th Ave. N, near the Northeast Park shopping center. The 5,781-square-foot building is undergoing remodeling and upgrades, including the installation of solar panels, electric vehicle charging stations and more. The building is expected to be completed in mid-2024. “Our initial location was always meant … Read more

Lakeland firm closes more than $36 million in conservation easement deals to protect Florida’s rural land

Landowners in Florida have sold 16,720 acres and over $36 million to the state, which will place restrictions on future development. (View the transactions below) Under these transactions, represented by Dean Saunders, the founder of SVN | Saunders Ralston Dantzler, landowners will retain ownership and agricultural use of land in exchange for selling the property’s … Read more

Rental Real Estate Passive vs. Active Tax Rules

Owning rental real estate can be a great way to supplement the income you receive from your regular job. Investing in rental property can generate recurring cash flow, help build long-term wealth and even capture some unique tax benefits. But, to reap all these benefits, you need to understand the rules for this type of … Read more

19-story condominium breaks ground in downtown St. Petersburg (RENDERINGS)

Developers of The Julia have officially broken ground at the site of the condominium tower, at 100 4th Ave. N., in St. Petersburg. The 19-story condominium gives residents the opportunity to rent their homes for a minimum of 30 days, up to 12 times per year, with management provided by Vacasa, a vacation rental management … Read more

Shopping center at Tyrone Square Mall sells for $37.8 million

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 secures $3.6 million refinancing for luxury rental portfolio, in St. Pete Beach

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 grows Tampa portfolio with Ybor City acquisition, reveals new-to-market tenant Celebrity Cigars

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