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Fed Chair Yellen Says Economy Close to Achieving Fed Goals Yellen did not specifically address the timing for future rate hikes, but her remarks support the view that future hikes are coming.  Read More... Signs of a Lending Squeeze in Tampa Bay Borrowers for many product types — especially new hotels, apartments and retail outlets [...]

Some Runway Left Southwest Florida’s strong job growth and population influx is boosting commercial real estate sectors throughout the region.  Read More... MPF Research Updates: Suburbs, Completion, Multifamily Lending Research firm MPF summarizes trends in multifamily operation, development, & capital sourcing.  Read More... Some Lenders Still Push into Multifamily CREs JPMorgan’s multifamily loan counts rose [...]

Luxury Apartment Boom Set to Fizzle Developers in New York are already offering up to three months of free rent on some projects.  Read More... Tampa Bay's Economy Grows, Now 26th Largest in Country Tampa Bay's economic output rose 2.7% last year, outperforming most other metros.  Read More... International Buyers Shift, Spend Less in Florida [...]

Population Growth Helping State Economy Recover Florida’s unemployment rate and job growth are outpacing their national counterparts, while the U.S. economy continues to recover at a faster clip than the rest of the world.  Read More… Investors Flip Over Home Sales Gulf Coast cities led the nation in the second quarter in home flips.  Tampa [...]

Demand for Apartments Bounces Back in Second Quarter However, the divide continues to widen between new, luxury apartment communities where some managers now offer concessions to lure renters and less-expensive, class-B apartment communities that are fully-occupied with long waiting lists.  Read More… Fab Four A handful of major developments proposed for Tampa would nearly double [...]

Foreign Investment in Tampa Surges Foreign investment has risen to its highest level in a decade, fueled by investor desire to find “safe havens” for capital.  Read More… New Apartments Raise the Bar on USF Housing Civic boosters for low-income communities in the shadow of the university say the influx of new residents could help [...]

Tampa Bay Foreclosures Plunging to Lowest Levels Since 2006 Pinellas and Hillsborough counties are on track to record the lowest number of new foreclosure filings since 2006.  Read More… Housing Authority Picks Developer for West River Project A household name in Florida real estate circles has been selected for a massive redevelopment project in West [...]

Multifamily Mania Fueled by a lack of new inventory and job & population gains in Florida, investors have flocked to acquire apartments for rent growth and appreciation.  Read More… Temple Terrace Apartment Complex Sold for $70 Million A Tampa company has bought the 776-unit River Chase complex and plans to rename it as part of [...]

Demand For Apartments Slowing Down Leading apartment researchers agree that the number of vacant apartments grew in the first quarter of this year, while rents grew at a slower pace.  Read More… One Developer’s Bet on the Channel District is Finally Paying Off When developer Ken Stoltenberg moved to Tampa in 1998, he saw potential [...]

Investors See Opportunity in Value-Add Strategies Multifamily developers can capitalize on a huge unmet need in the marketplace by buying & renovating older class-B and -C apartment buildings.  Read More… Tampa: A Value Stock in Transformation CNBC provides a positive review of the Tampa-St. Petersburg-Clearwater metro.  Read More… (caution: sound) Federal Reserve Decides to Keep [...]