Tampa Bay emerges as one of nation’s hottest industrial markets

Warehouses lack the glamour of luxury homes, but they are helping make the Tampa Bay area one of the nation’s hottest emerging industrial markets. The bay area vaulted from No. 28 to No. 10 last year in net leasing of distribution and light industrial space, according to a new report by Colliers International. Overall vacancy rates dropped to 6.3 percent…

Developer Kucera Properties planning downtown St. Petersburg tower

Kucera Properties announced plans Tuesday for an $85 million to $100 million project that could include either high-end residences or a mixed-use tower with a four-star hotel in downtown St. Petersburg. Construction could start next year on what is now a 46-space parking lot at Central Avenue and Third Street that serves Priatek Plaza, the third-tallest building on Florida’s west…