Canadian developer buys 100 acres in Riverview

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A Canadian developer has purchased more than 100 acres in Riverview, with plans to build hundreds of homes on the property.

Mattamy Homes paid $12.1 million for the land, which is near the intersection of Boyette Road and McMullen Road, immediately adjacent to Goolsby Pointe shopping center, anchored by Publix Super Markets Inc.

Mark Eilers, director of land services, and John Scott, senior vice president of Colliers International Tampa Bay, represented the sellers in the transaction and assembled… …read more

See how Tampa ranks among best cities to be a real estate agent

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With total home sales expected to reach 6 million this year — their highest level since 2006 — personal finance website WalletHub took a look at which cities are most conducive to a healthy career as a Realtor, and Orlando ranked just slightly above average.

To come up with its rankings, WalletHub analysts compared the 150 most-populated cities using 13 metrics, ranging from sales per agent and annual median wage for real estate agents to housing-market health index.

The top five best cities… …read more

See where Tampa Bay’s biggest construction projects are happening

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When compiling the List of the 25 largest construction projects completed in 2015, we threw in an extra survey question: What are your largest active local projects?

There are 77 projects with a combined construction value of $1.4 billion happening right now in Tampa Bay.

Projects were submitted by local contractors, architects, engineering firms and developers. They span from road improvements to new hotels, apartments and condominiums to improvements on a wastewater treatment plant.

Use the… …read more

Exclusive: Prime development site near MacDill Air Force Base on the market

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The owner of a large development site near MacDill Air Force Base is listing the property for sale with the hopes of profiting on a hot real estate market.

Patriot Transportation, based in Jacksonville, has retained managing director Jan Boltres and industrial specialist John Jackson of Colliers International Tampa Bay to market a 25.5-acre site at 6604 South Dale Mabry Highway.

The property is currently home to a truck terminal for Florida Rock & Tank Lines Inc. That facility takes up 5 acres,… …read more

KB Home to pay more than $23M in Florida settlement

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One of the United States’ largest homebuilders and its Florida subsidiaries has settled to resolve a three-year investigation, Florida Attorney General Pam Bondi said Thursday.

The case involved KB Home and its alleged violations of the Florida Deceptive and Unfair Trade Practices Act. Bondi’s office said the homebuilder failed to make disclosures to homebuyers regarding construction of some homes and denied warranty coverage in some cases.

Before and during Bondi’s investigation, Los Angeles-based… …read more

‘A dogged, wonderful persistence’: One developer’s bet on the Channel district is finally paying off

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When developer Ken Stoltenberg moved to Tampa in 1998, he saw potential in an area where few others were willing to venture.

As he took what was then the Crosstown Expressway from his home in Palma Ceia to his office in Orlando, he’d always look over at the Channel district, imagining what could go there.

At that time, the district was a mix of vacant lots and empty warehouses, with an adult movie theater on the corner where Publix Super Markets Inc. has proposed a new store.

“It was a blank… …read more

Groundbreaking of $100M tower was more than 20 years in the works for Tampa real estate veteran

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For Jeannette Jason, Thursday morning was more than two decades in the making.

Atlanta-based Carter celebrated the groundbreaking of Nine 15, a $100 million, 23-story apartment tower at 915 N. Franklin St. Jason and her father, Miami-based Doran Jason, purchased the site where the tower will be built in 1996; she was the exclusive listing agent for the property for several years before they bought it.

The Jasons sold the site to Carter in September for $6.4 million.

“It’s a very proud, happy moment,”… …read more

Donald Trump to hold presidential rally in Tampa

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Bombastic businessman and Republican presidential candidate Donald Trump will hold a rally in Tampa this week.

The University of South Florida said Sunday that the event will be held at 7 p.m. Friday at the USF Sun Dome. Doors open at 5 p.m. Tickets are free, though parking costs $20 per car.

Trump held a presidential rally in Sarasota in November. This visit is just a month shy of the Florida primary election, slated for March 15.

In December, St. Petersburg Mayor Rick Kriseman achieved Internet… …read more

Developer shares more details on what’s to come for A La Carte site

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David Weekley Homes is still finalizing its plans for the A La Carte Event Pavilion property, but the developer knows this much: It will be an upscale, residential community with a mix of for-sale housing products.

David Weekley is under contract to acquire the 15-acre site, though a closing date is yet to be set, said Shad Tome, area president of David Weekley for Sarasota, Tampa and Orlando.

The Tampa Bay Business Journal first reported the deal on Feb. 3.

“The A La Carte community will consist… …read more

Banks expect business loans to grow 8% this year

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Bank loans to businesses will grow by more than 8 percent this year, according to the American Bankers Association’s economic advisory committee.

That’s about the same rate of growth for business lending that banks saw in 2015.

“The economy may have challenges to address, but the availability of bank credit is not one of them,” said committee Chairman Carl Tannenbaum, chief economist for Northern Trust in Chicago.

Demand for business loans is strong, and banks aren’t facing as many restrictions… …read more