Mosquito Season: Tampa Among Worst In Nation For Pesky Bugs

TAMPA, FL – The warmer temperatures of summer mean more unpopular guests – mosquitoes – are certain to appear in greater numbers. According to a new report, Tampa ranks ninth among the cities across the nation most bothered by mosquitoes ruining time outdoors. Atlanta is the worst city for mosquitoes, according to the report by TruGreen. Chicago, Dallas/Fort Worth, Boston and Trenton, New Jersey, round out the top five, according to the lawn care service provider. The company compiled its rankings based on customer sales data from January 2017 to December 2017. Mosquito season can last from five to seven months in most states, according to TruGreen. But in Florida,… Read More

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Downtown Orlando apartments planned by Camden, Jefferson Apartment Group – Orlando Business Journal

Construction finally is set to kick off on a Thornton Park luxury apartment complex that’s been in the works since 2015. Houston-based Camden Property Trust (NYSE: CPT) has joined forces with McLean, Va.-based Jefferson Apartment Group as co-developers of the $100 million, 364-unit project dubbed the 520 complex, which is planned for the southwest corner of East Church Street and South Eola Drive in downtown Orlando. Work is set to begin by mid-May or early June, since permits already have been secured, real estate sources said. The 12-story 520 — a sister property to Jefferson Apartment Group’s $45.5 million, 299-unit 420 East complex that was completed last year — will… Read More

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Bizarre death of real estate veteran leads to million-dollar court battle

Andrea Greenberg photographed at an event at Jade Ocean on Nov. 16, 2010. Seth Browarnik The 911 call came in shortly after 1 a.m. on a steamy October night. Alejandro Aparicio told the operator he had fallen asleep on the couch alongside his longtime girlfriend Andrea Greenberg inside their home in Morningside. When he woke up, Greenberg was unresponsive. Aparicio performed CPR until a Metro-Dade Fire Rescue team arrived and transported Greenberg to Jackson Memorial Hospital. She was pronounced dead at 1:37 a.m. Oct. 10, 2017. The apparent cause: cardiac arrest. A shaken Aparicio, 60, spent the rest of that day receiving visits from stunned friends. How could Greenberg,… Read More

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Apartment complex trades for $110.5 million

BRADENTON — A Jupiter-based firm has acquired a waterfront Bradenton apartment community for $110.5 million, the largest sale of a multifamily rental complex in the Sarasota or Bradenton markets in the past decade. FLF Holdings’ purchase of the Carlton Arms of Bradenton marks the latest in a series of acquisitions for the 15-year-old firm, which owns properties in Florida, Texas, Illinois, Pennsylvania and Ohio, according to its website. The 900-unit complex, at 5200 Riverfront Drive, had been owned and managed for nearly four decades by The Mahaffey Apartment Co., of Winter Park, property and state records indicate. In addition to being among the few multifamily rental complexes on the water… Read More

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financial health of Brookdale

Seniors worry about financial health of Brookdale continuing care centers

Residents of the Regency Oaks in Clearwater worry what will happen to their senior living facility and others owned by the parent company of the complex, Brookdale Senior Living. [SUSAN TAYLOR MARTIN | Times] CLEARWATER –For those who can afford it, Regency Oaks is the epitome of comfortable senior living. From their well-maintained apartments, the 500-plus residents look out on spacious grounds with azaleas and live oaks. Amenities include a tavern, beauty salon, putting green and two dining rooms with a wide array of menu selections. Most attractive, though, is the promise of lifetime care. For that, residents pay up to $300,000 to secure an apartment plus monthly fees averaging… Read More

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Lingerfelt CommonWealth expands in Florida | Local |

Lingerfelt CommonWealth expands in Florida

Henrico County-based Lingerfelt CommonWealth Realty Partners has acquired the Buschwood III building in Tampa, Fla. Henrico County-based Lingerfelt CommonWealth Realty Partners has expanded its ownership reach again in Florida. The commercial real estate investment firm acquired the Buschwood III building in Tampa, Fla. The 78,453-square-foot office building is in the northwest part of suburban Tampa. Source Article

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Freddie Mac loan finances acquisition of apartment complex near Tampa

Berkadia managing director Mitch Sinberg A buyer used a Freddie Mac loan to pay $30 million, or about $131,000 per unit, for an apartment complex in Brandon, an unincorporated suburb just east of Tampa. Robbins Property Associates financed the acquisition of the 228-unit property with a $24 million Freddie Mac loan, according to Berkadia, a real estate finance firm that arranged the loan, which was structured with a lofty loan-to-value ratio of 80 percent. Robbins Property, which has offices in Tampa and Boston, obtained a 10-year Freddie Mac acquisition loan with a floating interest rates and five years of interest-only payments. The loan is secured by Lakeside Apartment Homes, the… Read More

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CHRIS WILLE: A staggering amount of data, analytics in real estate world

The legion of data sources covering the real estate market regularly publish reams of sometimes overlapping trend reports, sales figures, economic analytics, commercial forecasts — all crammed with statistics delineated in pie charts, bar graphs and comparison indexes. These dense reports come fast and furious — annually, quarterly, monthly and whenever insights surface. This is all great stuff for real estate insiders, investors, market watchers and others. Here are highlights from this week’s stack of diverse documents. ATTOM Data Solutions Last quarter was a good one to sell a house. Home sellers enjoyed a banner fourth quarter in 2017 with an average profit of $54,000 over the purchase price —… Read More

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Distinctive 1950s ‘bird cage houses’ were built for Florida’s climate. Should they be landmarks?

A restored "bird cage" home at 721 Pinellas Point Drive is for sale for $425,000 in the Pinellas Point area of St. Petersburg. An effort is under way to get a historic designation for the distinctive homes. [SCOTT KEELER | Times] ST. PETERSBURG — In the 1950s, before air conditioning came into widespread use, the new Vision-Aire homes at the tip of the Pinellas peninsula were designed ‘‘by Florida itself.’’ To take advantage of the semi-tropical setting near Tampa Bay, all living areas faced the prevailing southeast breezes. Wide overhangs provided protection from sun and rain. Concrete walls were replaced by glass and wood jalousies, adjustable to suit weather conditions… Read More

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