Palma Ceia
REAL ESTATE
Tampa apartment complex obtains nearly $80M refinancing loan
Bellwether Enterprise, a national commercial mortgage banking company, announced it handled a $78.6 million refinancing loan on the Mav, a mid-rise apartment complex in Tampa owned by Daniel Corp. The loan was negotiated on behalf of the borrower using Fannie Mae’s Near-Stabilization Execution. This type of financing is specifically for...
Member Spotlight 2.0 - Highwoods Properties
Here’s an update to our last spotlight with Chamber Member Highwoods Properties. Senior Vice President, Tampa Market Leader Dan Woodward, pointed up to the sky – 18 stories up at Midtown East in West Tampa! “Highwoods Properties and the Bromley Companies recently celebrated the topping out of Midtown East. At 18 stories tall, it not only earns the title of tallest building in Westshore but also stands as a beacon of innovation and sustainability,” said Woodward.
Luxury Home Prices Spike 9% to All-Time High
The typical U.S. luxury home sold for a record $1,180,000 in the second quarter, up 8.8% from a year earlier—the biggest increase in nearly two years. Non-luxury home prices grew at less than half that pace, rising 3.8% to a record high median of $342,500, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
Storage Units Capital Secures $75 Million Construction Financing for Florida Sites
Storage Units Capital, a self-storage real estate investment firm, secured a $75 million construction loan through Beal Bank and Crow Holdings for the development of five Class A self-storage properties in submarkets of Orlando and Tampa. “We are pleased to have secured financing in today’s challenging environment on favorable terms...
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