Florida ends lease tax, Tampa businesses celebrate

A close-up of a financial statement showing monthly payment details, symbolizing the end of Florida’s commercial lease tax and the financial relief now available to Tampa businesses.

A decades-long burden on Florida’s commercial tenants and landlords ends this month, and the Tampa Bay business community is ready to raise a glass. On Sept. 30, the state’s sales tax on commercial leases will officially expire, closing the chapter on Florida’s status as the only state in the nation to impose such a levy. … Read more

Landmark Properties to build 807-bed student housing near USF

Landmark Properties has acquired a 4.3-acre site near the University of South Florida and plans to build an 807-bed student housing community called The Mark Tampa, the company announced. Developed in partnership with Canyon Partners Real Estate and Peninsula Investments, the six-story project will rise at 2700 University Square Drive, near the USF campus. Construction … Read more

Schemmel Soda Group joins Douglas Elliman in Sarasota

The Schemmel Soda Group, a leading luxury real estate team formerly with Premier Sotheby’s International Realty, has joined Douglas Elliman’s Sarasota office, at 1350 Main St. Led by Joel Schemmel and Donna Soda, the team was ranked Premier Sotheby’s No. 1 team, in Sarasota and Manatee counties, since 2019, and the No. 1 small team … Read more

Buligo Capital acquires Sarasota business center for $27.4 million

Buligo Capital has purchased the Sarasota Industrial Business Center, a 187,000-square-foot industrial portfolio, for $27.4 million. The complex, located about two miles east of Sarasota Bradenton International Airport, consists of five shallow-bay industrial buildings totaling more than 186,650 square feet, along with 1.12 acres of outdoor storage and laydown yard space. The properties, at 2387, … Read more

$5M sale closes at Fountain Plaza in West Tampa

Avison Young arranges a $5M sale of Fountain Plaza, a West Tampa retail center on MacDill Avenue.

Douglas Elliman expands Sarasota footprint with new leadership and agent team

Douglas Elliman has named Andrew Greenwell as managing broker of its Sarasota office. Greenwell, previously the founder and chief executive officer of Venture Sotheby’s International Realty and a former cast member of Bravo’s Million Dollar Listing San Francisco, returns to his hometown with more than two decades of brokerage experience in markets including Washington, California … Read more