Channel district apartment tower sold for $88 million
Friday, 16 December 2016
One of downtown Tampa’s newest apartment towers has a new owner. Skyhouse Channelside, which wrapped up completion in 2015, sold for $88 million to a corporate entity tied to Yonkers, New York-based AVR Realty, according to public records. Skyhouse, right, is a 23-story tower in downtown Tampa’s Channel district. The seller was Atlanta-based Novare
- Published in Blog, General, Investors, Local, Luxury, News, Real Estate, South Tampa
St. Petersburg’s Skyway Marina District to get $70 million mixed-use project
Monday, 12 December 2016
ST. PETERSBURG — Years after a popular gay resort closed and its property was sold to Home Depot, the empty, weed-strewn site is about to be developed. Phillips Development & Realty, which expects to close on the parcel in December, has unveiled plans for a $70 million mixed-use project that will include 300 apartments and
1 in 4 Florida Homeowners with mortgage is ‘Equity Rich’
Thursday, 08 December 2016
1 in 4 Fla. owners with mortgage is ‘equity rich’ IRVINE, Calif. – Nov. 17, 2016 – ATTOM Data Solutions’ Q3 2016 U.S. Home Equity and Underwater Report finds that 23.4 percent of U.S. homeowners with a mortgage are equity rich, meaning their loan-to-value ratio is 50 percent or lower. It’s a year-to-year increase of
The ‘Great News’ about rising prices
Sunday, 04 December 2016
Recently there has been a lot of talk about home prices and if they are accelerating too quickly. In some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers out looking for a home, which has caused prices to rise. The great news about rising prices, however,
Freddie Mac planning appraisal free mortgages
Wednesday, 30 November 2016
WASHINGTON – Nov. 14, 2016 – Can computers, big data and advanced analytics replace real live humans when it comes to accurately valuing the home you want to buy? One of the two largest financial players in U.S. real estate thinks so and is preparing to introduce changes that could prove momentous – and highly
- Published in Blog, General, Important, Investors, Local, Luxury, News, Real Estate, South Tampa
The price of homes in the Tampa Bay area continues to soar
Saturday, 26 November 2016
Tampa Bay home prices continued to soar in October, with Hillsborough County recording its biggest year-over-year gain since January. Pinellas, Pasco and Hernando counties also showed dramatic increases as buyers vied for an exceedingly tight supply of single-family homes — Pasco had less than a three-month inventory. And even though interest rates have risen slightly
- Published in Blog, General, Local, Luxury, News, Real Estate, South Tampa
Work starts on 21-story Harbour Island apartment tower
Thursday, 13 November 2014
TAMPA — Developers broke ground Wednesday on another high-rise apartment tower, this one on Harbour Island. “This will be a radically different skyline over the next five years,” Mayor Bob Buckhorn said. In addition to Tampa Bay Lightning owner Jeff Vinik’s plans for 24 acres around Amalie Arena that could include a medical school building
Flood Insurance Bill Wins U.S. House Passage
Friday, 07 March 2014
By Thomas Ferraro The U.S. House of Representatives, in a rare act of bipartisanship, overwhelmingly passed a bill on Tuesday to protect millions of American homeowners and businesses from dramatic increases in their flood insurance premiums. On a vote of 306-91, the Republican-led House sent the measure – the Homeowners Flood Insurance Affordability Act of