Rent Report – Tampa – by Apartment List
September 2022 Tampa Rent Report – by Apartment Lists Welcome to the September 2022 Tampa Rent Report. Tampa rents increased over the past month. In this report, we’ll evaluate trends in the Tampa rental market, including comparisons to cities throughout the state and nation. Tampa rents increase sharply over the past month Tampa rents […]
New Development coming between Brickell and Coral Gables. 1/2 an acre for $9M
A Swiss real estate firm is planning 85 units of housing at a site in Miami soon to be known as CoralGrove Brickell. Empira Group acquired the .53-acre site at 3025 SW Third Avenue and 3051 SW Third Avenue from Chile-based developer Ambienta Inmobiliaria for $9 million, according to property records. The land sits on […]
Record setting $430M / $869K per unit sale of Coral Gables Luxury Rentals
Global real estate company Hines has paid $430 million for the 1.2 million-square-foot Gables Station development in Coral Gables, Fla., the company announced. Designed by Gensler, Gables Station is a luxury rental complex with 495 apartments, 25,000 square feet of coworking space and 80,000 square feet of health and fitness space, all centered around a […]
$37M, 13 Property Tampa Industrial Portfolio Purchased by Thor Equities
Thirteen is Thor Equities Group’s lucky number. The firm completed the acquisition of 13 industrial assets in two Tampa, Fla., submarkets for a grand total of $37.3 million, Commercial Observer reports. The newly acquired facilities in the submarkets of Westshore-Airport and Eastside Tampa bring over 400,000 square feet under Thor’s control, with assets ranging from […]
New Waterfront Construction Miami
Integra Investments scored $101.4 million to construct a waterfront residential project along Biscayne Boulevard, one of the Miami area’s busiest arteries, property records show. The funding from Synovus Bank will go towards building a 15-story tower with 288 apartments, totaling 534,470 square feet, as well as nine two-story buildings with 92 unit townhouses, totaling another […]
Florida continues to lead high net worth migration by far
Affluent Americans have flocked to Sun Belt states since the pandemic started, with Florida leading the pack by a wide margin, a new analysis reveals. Looking at migration patterns between 2019 and 2020, personal finance website SmartAsset ranked all 50 states plus the District of Columbia based on the net migration of households earning $200,000 or more. […]
Fort Partners Land $169M in Financing to Build 11 story, 14 unit Condo in Surfside
Fort Partners scored $169 million to build an oceanfront condominium in Surfside, Fla., property records show. Last April, the Town of Surfside approved plans for a condominium building, dubbed the Hillcrest by the Sea at 9165 Collins Avenue. The development will rise 11 stories and hold just 14 apartments as well as an underground 32-spot […]
FirstService Residential Relocates to Boca Raton’s Yamato Complex
Property manager FirstService Residential is relocating within Boca Raton, according to the broker representing the tenant. The company inked a seven-year lease at Yamato Office Center II for 11,200 square feet. FirstService, which is currently based two miles away at 6300 Park of Commerce Boulevard, plans to move into its new office in November. The […]
Harbor Group International acquires downtown Miami Apartment at $496K per unit, $184.5M for the 372 unit located at 255 SW 11th Street
Harbor Group International (HGI) has once again paid big bucks for a rental tower in central Miami. The Virginia-based investor dropped $184.5 million for Miro Brickell, a 372-unit property located at 255 SW 11th Street in Brickell, HGI announced. The Arizona-based seller, Alliance Residential Company, completed the 24-story building in 2017. Alliance purchased the 1.8-acre […]
Average Rents Rise To All-Time High In June
Multifamily performance continued strong as U.S. asking rents rose $19 for the month of June to an all-time high of $1,706, according to the Yardi Matrix June Multifamily Report. “Robust household formation is driving demand, as people who lived with family or friends during the pandemic have formed independent households. “However, absorption is slowing, presaging […]