Buildings in Tampa office park sell for $111 million

The real estate arm of the giant Prudential Insurance Company has purchased five buildings in East Tampa’s Highland Oaks office park for $111 million. It is Tampa Bay’s third major commercial real estate transaction in the past few weeks. “There’s a lot of investor enthusiasm” in the area, said Dale Peterson of CBRE, which represented the seller in the Highland…

Tampa is best place to retire in U.S., according to study

Tampa is the best city in the country for retirement, according to a study by the financial planner website WalletHub.com. Tampa came out on top after an analysis of 24 metrics in four categories considered important to retirees: affordability (11th), activities (fourth), quality of life (21st) and health care (26th). For instance, under the activities category, the study lists Tampa…

Tampa named one of Top 5 Best Cities in US by Money magazine

Sunbelt beach city with international aspirations AT A GLANCE Population 352,000 Median Home Price $121,200 Average Property Tax $1,800 Unemployment Rate 5.6% Do the people of Tampa even bother to brag about their beaches anymore? Earlier this year the Tampa Bay Lightning nearly beat Chicago for the Stanley Cup—yes, that’s ice hockey. In 2014 the city hosted the 15th International…

Home sales in Tampa Bay have sizzled over the summer

The slow summer selling season has been anything but as Tampa Bay home sales shot up 30.2 percent in July. Year-over-year sales of single family homes showed the biggest gain in Hernando County, up 40.5 percent, followed by Pasco (34 percent) Pinellas (27 percent) and Hillsborough (24.9 percent.) All four counties did even better than Florida as whole, which posted…

Proposed 75-story towers would vault Tampa into top tier of skyscraper cities

If nothing else, Port Tampa Bay’s vision for the Channel District is notable for its literally lofty ambition. A rendering of the $1.5 billion project released last week shows two 75-story towers soaring above the waterfront area that the port hopes to redevelop over 15 years. Towers that tall would vault Tampa into the ranks of such sky-scraping cities as…

Economist says millennials will determine future of housing market

The chief economist of Fannie Mae, the national mortgage giant, came to town this week with a mixed bag of news about the housing market. Among the positives: Even if the Federal Reserve raises interest rates in September, rates on mortgage loans are likely to remain low for several more months, economist Douglas Duncan said. Home sales are expected to…

Study: Property values increase in areas where Trader Joe’s locates

In addition to triple ginger snaps, orange chicken and wild mushroom & black truffle flatbread, here’s another reason to like Trader Joe’s: It might drive up property values. Both nationally and in the Tampa Bay area, homes near Trader Joe’s markets have shown a greater increase in value from time of purchase than homes near the stores of rival chain…