By Tim Coop The coronavirus is not derailing Tampa Bay’s economic growth in 2021. In fact, according to Tampa Bay’s Voice of Architecture Economic Outlook 2021, while other areas of the nation experience a downturn in real estate development-related activity this year, our region is positioned for expansion. The recent survey of Tampa Bay’s architects, … Read more
By Bryan Castillo – Director of Debt and Structured Finance, Stoneweg US, LLC Recent events, related to the global pandemic, have introduced uncertainty about which investments will outperform in the new economy. While the apartment industry has delivered strong investment returns over the past 10 years, below we summarize how the industry is performing in … Read more
A resurgence of market activity began in early third quarter, with a 56% increase in sales volume since the start of the third quarter, proving to show a much stronger picture for the state of the commercial real estate market in the Tampa Bay area, in contrast to the pause seen during the height of … Read more
It’s been a slow burn in the retail market for some time. Some brands were long predicted to be phasing out, like the Sears and Dillard’s of the world. Analysts saw the writing on the wall for these long before a global pandemic ripped off the bandages and revealed the real wound. California Pizza Kitchen, … Read more
Larry Feldman, CEO of Feldman Equities, was born in New York City and was brought up in the real estate world. While most kids were taking in baseball games on the weekend, Feldman would be going to on-site visits to shopping centers under construction. “I was brought up in the real estate business from an … Read more
Certain phrases surrounding the COVID-19 pandemic have sparked global conversations, the most notable being “social distancing.” The world now understands the importance of staying 6 feet away. In the June issue of TBBW, we discussed what the new normal for Tampa Bay’s office market might look like and featured the Cushman & Wakefield Six Feet Office model. … Read more
You’ve probably seen Kast Construction banners on various projects around the Tampa Bay area. Founded in West Palm Beach, Kast Construction has been behind some of the largest projects in the Tampa Bay area, since 2011. In 2016, it established its Tampa office. The company has two new towers planned in 2020, including Saltaire in … Read more
It’s nearly impossible to discuss the state of Tampa Bay’s commercial real estate market without addressing the effects of the COVID-19 pandemic, many of which remain unknown. The silver lining is that most U.S. commercial real estate markets entered this crisis in solid shape and that is especially true of the Tampa Bay area. Our … Read more
Construction on the 24-story Virage condominium tower, on Bayshore Boulevard in Tampa, is now complete and residents have started moving in. Sixty-nine of the 71 residences were pre-sold, representing more than $120 million in real estate, according to a statement. “We are so proud of the construction team, for staying the course, in this challenging … Read more
What are the biggest trends impacting commercial real estate in 2020? How are they affecting the Tampa Bay market? At Cushman & Wakefield’s recent Tampa Bay State of Real Estate event, national and local experts tackled these questions through a series of engaging presentations and panels, offering insight on everything from the national economy to … Read more
