Developer sells off Brandon apartments for $170K a door

A suburban apartment community has been sold for a price that is toward the higher end of multifamily real estate in Tampa Bay.

Crescent Communities, based in Charlotte, North Carolina, sold Crescent Crosstown for $58.3 million in a transaction that closed Monday, according to Hillsborough County property records. The deal breaks down to $169,476 per unit.

The buyer was Atlanta-based Centennial Holding Company, which appears to have already rebranded the 344-unit community Century Crosstown. The… …read more

Florida is slowest state to disburse foreclosure aid

When it comes to disbursing federal foreclosure aid to homeowners, the Sunshine State lags all others states in the nation, according to a report released Tuesday by federal regulators.

Florida has $1 billion in Troubled Asset Relief Program funds, a federal relief pool funded by taxpayers. The federal government created the Hardest Hit Fund — a pool of $7.6 billion in TARP funds – in 2010, after the financial crisis, to help families in the states that were hardest hit when the housing bubble… …read more

Boat-up restaurant could be first tenant in New Port Tampa on Gandy waterfront

The South Florida developers pursuing a massive, mixed-use project on the Gandy waterfront have shared additional details about the project.

BTI Partners, based in Fort Lauderdale, have filed plans with the city of Tampa for residential, retail and office space on the 51-acre site that’s just south of Gandy Boulevard, at Gandy and Bridge Street, near the intersection of Gandy and Westshore boulevards.

BTI intends to be the master developer, said Beck Daniel, vice president of acquisitions for BTI.… …read more

Retail, residential, office envisioned for New Port Tampa Bay site on Gandy waterfront

Plans are in the works for a prime stretch of undeveloped waterfront real estate near the intersection of Gandy and Westshore boulevards.

The 51-acre site has sat dormant for nearly a decade, since plans for a condominium development crashed along with the real estate market in 2006. BTI Partners, based in Fort Lauderdale, took title to the property almost a year ago.

The site is south of Gandy Boulevard, at Gandy and Bridge Street.

The newest version of plans for the property including the following,… …read more

Premier Sotheby’s buys Orlando’s Stirling Sotheby’s International Realty

A leading residential real estate firm in southwest Florida has acquired Stirling Sotheby’s International Realty.

Naples-based Premier Sotheby’s International Realty — led by former Oviedo Mayor Judy Green — bought the Heathrow-based Stirling Sotheby’s franchise for an undisclosed price on Oct. 1. The acquisition will bring Premier Sotheby’s another 90 agents, putting its total at 900 associates throughout Central and southwest Florida and in North Carolina.

Stirling Sotheby’s co-founder… …read more