Why the housing market is slumping despite a booming economy

Home prices have not declined nationally, at least according to the most widely followed indexes. But their rate of increase has declined, and more and more home sellers are finding they must reduce asking prices to find a buyer.Original Article

Larry Feldman reflects on the evolution of 53-story Riverwalk Place

Larry Feldman, an original partner in the project, answered questions about the evolution of the tower as office space will now be devoted to condominiums.Original Article

As Water Street marks second major groundbreaking, more details emerge on the district’s tech experience

“That technology is all there, it’s just about patching it all together. It’s an additional revenue source, and it’s about keeping our customers happy.”Original Article

As 815 Water Street breaks ground, SPP CEO James Nozar is already looking to the future

The groundbreaking of 815 Water Street was a symbolic but significant one for Strategic Property Partners — and CEO James Nozar is already looking at what's ahead.Original Article

Developers of 53-story mixed-use Riverwalk Place scratch office space, will devote entire tower to condos and retail

There is so much demand for condominiums in Riverwalk Place that its developers say they are scratching long-standing plans to combine office and residential space in one tower and will build only condos above retail and restaurant space. It is a major departure from the original plans for the tower, which was proposed as a pioneering project for Tampa's urban core — stacking residential units on top of office space and parking. One of the development partners in the project, Feldman Equities…Original Article

Apartments near Rocky Point sold for $65.75 million

A San Diego firm has picked up a Tampa apartment property for more than $65 million. ConAm 2017 Multifamily Opportunity Fund paid $65.75 for Audubon Village, a 477-unit apartment development at 5830 Memorial Highway in the Rocky Point area. The purchase price breaks down to $137,840 per unit. The seller, Atlanta-based Cortland Partners, paid $41.9 million for the property in 2013, according to Hillsborough County property records. Audubon Village, built in 1989, one was of the first properties…Original Article

815 Water Street, apartment towers with street-level retail, breaks ground this week (Renderings)

The first residential building in Water Street Tampa — two towers of residential units perched atop street-level retail — will celebrate its groundbreaking this week. 815 Water Street, which sits adjacent to the Tampa Bay History Center near the entrance to the Tampa Riverwalk, will include a 21-story and a 26-story tower totaling 420 rental units, developer Strategic Property Partners said Monday. SPP, controlled by Tampa Bay Lightning owner Jeff Vinik and Cascade Investment LLC, will officially…Original Article

Foreign homebuyer purchases decline in Florida

Over $22 billion was spent on Florida homes by foreign buyers.Original Article

Well-known Colombian singer buys land in South Florida to build mansion, lists home for $5M (Photos)

Silvestre Dangond, one of the most popular singers in Colombia, has listed his South Florida home for sale, and acquired a lot in the same area for a larger mansion. Marianna Dubinsky of Engel & Völkers Miami Coral Gables represents Dangond in both deals. He paid $1.22 million to Francisco A. Mendez for the 38,006-square-foot lot at 5750 S.W. 91st St. He plans to build a 10,000-square-foot mansion, including a recording studio, there. He hired Pioneer Group to design the home, which will have…Original Article

So much for the starter house

With inventory tight, home prices high and interest rates rising, many homeowners are giving up on the idea of trading up from the first home they bought.Original Article