Thinking Space is a Commodity – In commercial real estate, square feet are not created equal. Load factors, functional obsolesce and poorly laid out floor plans can quickly diminish actual value to the tenant.
Thinking Rent Is an Absolute Measure – There are a lot of factors to consider when comparing price per square foot. Electricity, Janitorial Expenses, and Common Area Maintenance charges are just SOME of the factors that come in to play. Full service (Gross Leases) are supposed to include all expenses. In triple net leases, all expenses are passed through to the tenant.
Not Understanding Rentable vs. Useable Square Feet – Useable Square Feet (USF) is the space within the walls of your unit. Rentable Square Feet (RSF) is USF plus common area space that is outside of your suite, but is accessible to and from your space (i.e. hallways, corridors, bathrooms, foyer, etc). In office space, there can be a significant difference between USF and RSF. With a free standing building, the difference is negligible. It is important to know, because a lot of common space can be of no use to you or your business, but yet you pay for it on a monthly basis.
Not Planning for an Exit Strategy or the Future – What happens if you have to leave the space before the end of the term? That rate that was negotiated for 5 years might not seem so great if you have a hiccup in your business and need to downsize. Negotiating a shorter term lease might have made the rent more expensive in the short run, but limited your downside expense in the longer term. Clauses that allow for subleasing can mitigate risk. What about if your business out grows the space? Can the landlord accommodate your need for additional space without you having to break the lease?
Not Allowing Enough Time – If you wait until the last minute to search for a space, not only will you have trouble finding that perfect space for your business, but by waiting, you transfer negotiating leverage to the landlord.
Not Utilizing a Professional Team – Unless you are in the real estate business, you probably only become familiar with the market when your lease is up or you acquire more space. Attorneys, commercial real estate brokers, architects, and insurance agents work with real estate every day. They can assist to guide you away from some very expensive mistakes.
Poor Site Selection – Location, Location, Location ….its not just about being situated in a visible location for your clients. Ingress and egress should be considered as well as distance from your employees when selecting property.
Not Paying Attention to the Fine Print in the Lease– Do you understand how the landlord is calculating Common charges? Is it fair and reasonable? What about the other clauses, such as parking, access to the building after hours, insurance, use and exclusivity?
Underestimating the Condition of the Premises or Access to Utilities– How you would like to run a technology company that doesn’t have access to the Internet? Or a flower company housed at a location in which the AC constantly breaks down? Check to make sure that the space can accommodate your business and mission critical features actually function.
Drive-in chain Sonic has closed 11 Florida restaurants, among them locations in Hillsborough, Pinellas, Sarasota, Manatee, Hernando, Polk, Citrus and Levy counties.
Comments: This is another reminder of the need to conduct proper due diligence when purchasing single tenant, net lease properties as an investment. Sonic’s design and locations frequently make the sites difficult to redevelop for some other use.
1. Alienating Tenant Brokers – Brokers are not afraid to share opinions of properties and landlords with their colleagues. Defaulting, negotiating down after the fact, or slow paying on commissions is a sure fire way to retard future leasing efforts.
2. Overly Complicating the Lease – Everyone acknowledges that it is important to have a solid and secure lease, which fairly lays out the intentions of both the tenant and landlord. In every tenant’s mind though, there is an invisible line in the sand in which “enough is enough.” If the lease provisions and clauses become onerous or tilt too heavily in the favor of the landlord, it can be difficult to consummate the deal. Placing the tenant in a defensive posture is no way to complete a deal or forge a lasting relationship.
3. Over Estimating Property’s Value – Having a run down of competitive ask/receive rates is only part of the process in pricing a property. Someone, usually an unrelated third party such as a broker or colleague, should provide the owner with an unbiased estimate of competitive value. Pricing the property from the outset is important.
4. Nit Picking on the Deal – Many a deal have been killed over seemingly minor issues, based on the perception that too much had been acquiesced earlier in the negotiation. Sometimes a little perspective is necessary.
5. Failure to Properly Investigate the Tenant’s Creditworthiness. Provided that it adds value, personal guarantees or large deposits can make the deal more attractive to the landlord.
6. Failure to have a Strategic Leasing Plan and Sticking with the Plan. If the idea is to have a Class A building, then lease to Class A tenants with a compatible Class A mix. Reaching on a tenant that is outside of the box can alienate other tenants and lead to an increase in vacancy.
7. Failing to Create a Value-Added Message – This is the building’s elevator speech…the message that can be told in the short time period that it takes an elevator to go from one floor to the next. “This is a great building because……..” It might sound hokey, but everyone from listing and tenant brokers to maintenance staff will understand how to sell and service the building based on what the perceived value of the building is.
8. Lack of Attention to Details – Cluttered common areas, shoddy landscaping and wilting decorative plants in the lobby can create negative attitudes from current tenants and place downward pressure on asking rates for prospective new tenants.
Although the Tampa office market continues to struggle with abnormally high vacancy and subdued tenant demand, over the past three months overall vacancy continued to fall, with the marketwide overall vacancy rate declining to 18.9% at the close of the third quarter of 2010. This is a one-tenth of a percentage point decrease from mid-year 2010 and a four-tenths of a percentage point drop from the overall vacancy rate recorded this same time last year.
Attendees: Eric Odum and Brian Willis, Esq. Becker & Poliakoff
Date: October 26, 2010
Subject: Hillsborough County Transit Referendum: Additional One Cent Tax. What’s its Purpose? What Does it Mean to YOU?
EO: Good afternoon and welcome to another Market Minute, I’m Eric Odum from Net Lease Commercial Advisory, and this is the second part of two parts of the discussion of the Light Rail Initiative and the One Penny Tax. I keep saying Light Rail Initiative; it’s really not light rail initiative, but…
BW: It’s a one cent Investment.
EO: It’s a one cent Investment and its more than light rail, and we have with us Brian Willis again, and he’s an attorney with Becker & Poliakoff, and also the Citizens Advisory Board for TBARTA to talk with us today a little bit about some of the questions and concerns of the light – I keep saying light rail initiative – it is the “Investment Tax.”
BW: Yeah, the Investment Tax
EO: Ok, terrific, so the penny Investment tax, the penny Investment initiative is going to be on the November ballot, correct?
BW: Yeah. That is correct.
EO: Ok, so you know we talked in the first component about why we need to have it, what are some of the things that are going on with the plan and why do we need it? Obviously this is the first and foremost question people ask – I have my car, I drive to work, why do I really need this thing for?
BW: Well, we talked a little bit the last time about the growth that is projected for this area….how we’re already having trouble meeting the demand with the capacity of our roads as it is. We continue to grow. There was a slow down with the economy, but now we’re seeing population growth again. We’re running out of capacity on our roads. So, we need this ….. Our transportation is the key to moving people around and when we look at comparable cities for instance, the amount of time the people in Tampa spend in traffic delays is significantly more than what people in our competitor cities do. If you look at someplace like Charlotte, Tampa has consistently almost doubled the traffic delays every year compared to what people in Charlotte experience.
EO: It’s going to end up making us the highest taxed county in the state of Florida, so is it really worth it to make that Investment, knowing we’re going to end up having these taxes.
BW: There are a number of issues there. The one thing is taxes. People get focused on taxes, but people continue to move to New York City. They continue to move to the places that have high taxes because they have high quality infrastructure. I think that’s what the question really should focus on. Is this worth doing? What’s the value we get from this? More importantly, we look outside Florida, when you look at comparable Sunbelt cities it’s not going to be a – our tax will still be comparable if not lower than competing Sunbelt cities outside the state of Florida. So, I think what people want is they want value. They want a valuable infrastructure and the tax is not going to place us outside the range of what other competitive cities …
EO: Ok, so Charlotte, Atlanta – you’re telling me that they are still going to be at higher tax than…
BW: They have over 8% sales tax
EO: So what would we be at?
BW: We’d be right at 8%. We’d be competitive if not lower than other Sunbelt cities, and some of those other Sunbelt cities and states have Income Tax as well, which we don’t have here.
EO: I think the initial rail is running to the airport first, right?
BW: The initial plan is that it would run from the airport to downtown, including the West Shore area. The second part would be downtown up to USF, and eventually the Cross Creek area at Bruce B. Downs.
EO: So two rails, and really people running between downtown Tampa and USF. That’s a fraction of the transportation routes that are being run by car everyday, so these people that say ‘I’m not going to use it’ – It’s a legitimate complaint, right?
BW: Well, there’s clearly going to be some people who aren’t going to use it. First off – HART’s done a study of this – 43% of traffic takes place within the corridor that’s roughly going to be served by this light rail. So, everyday, even if not every person is going to use this, you’re either taking people off the roads within the corridors people are traveling or your giving them an alternative means of transportation in that corridor. And I think, as I’ve said, you’re getting people off the roads. So, it’s not just whether you’re a user of the light rail or not, but its also helping insure that our congestion doesn’t continue to build up and slow everybody down.
EO: Well, ok, I hear you, but let’s say I live in Brandon. I’m not going near that downtown to Tampa corridor, so what’s in it for me? How would people in Brandon care about this, or people in the Northeast part of the County?
BW: Well, a portion of it, we’ve been focused (talking) on light rail, but a portion of that tax is going to go fund road improvements throughout the county. It’s also going to fund a bus system that’s going to serve bigger area, bigger portion of the county. I think the third thing to keep in mind, I know people in Lutz and Brandon, and they say, “Well I don’t want more roads in my neighborhood. I don’t want more traffic.” And what we’re building here, which is a transit system which serves the entire Tampa Bay region, is about ensuring that we don’t have more roads. It’s about ensuring that we don’t just continue to over build our suburbs. So, I think a vote for this is a vote to help preserve the character of places like Lutz and Brandon.
EO: From a road perspective, Brandon, are they really going to see roads (and increase in transportation options) out of this. I mean is Brandon really going see…..They’re going to vote for a penny tax. Are they really going to see road (and transportation) development?
BW: There are projects across the county to fix different problems that have developed, and you can actually go – HART has a website they have developed where you can go neighborhood by neighborhood and find out what exactly is going to come to your portion of the neighborhood from this investment.
EO: That’s on the HART website?
BW: You go to HART and they have a special project page which is called the “HART alternative analysis” page, and you can type that in Google – H A R T, and you’ll get to the page and find it.
EO: Terrific. This thing is going to cost a lot of money. It seems to me like it’s really high. So let’s talk about that and whether this makes sense or not.
BW: I think people don’t realize how much money we’re spending on our road system. We’ve had some projects that haven’t been that controversial, like the I-4/Crosstown Connector, which everybody thinks is worth what we’re investing in. That project’s been priced out at $350m to complete it.
EO: Ok, so the Crosstown Connector is like a mile of road.
BW: It’s a mile of road.
EO: It takes you from the Port of Tampa, to I-4.
BW: It’s a great project. It’s going to get a lot of road traffic out of Ybor. It’s going to make Ybor more amicable to neighborhood development. It’s going to connect Crosstown and I-4 so that all those trucks from the Port don’t have to go through Ybor neighborhoods.
EO: What is the rail going to cost, let’s say the rail is going to run from Downtown Tampa to the Airport, what is that going to cost?
BW: Well there, they’ve got a couple different alternatives that they are considering, but you’re looking at roughly a $500-$600m price range for that portion of the rail. Another example, which is the north portion of that segment which would connect downtown to USF, that portion is coming in right under a billion dollars, about $900m. Well, the alternative to do that, if we don’t build up the rail capacity, we’re going to have to increase the capacity of the roads. So, we go from what’s an 8 lane road now to a 12 lane road. They’ve priced out that project and it’s going to cost $2.2 billion. So, for the same length of rail traffic, we’re less than half the price of what it would take to increase road capacity.
EO: So, to increase 275, you’re at $2.2 billion…. to build a rail, you’re at $900 million?
BW: That’s about right, yes.
EO: When you ask people around Hillsborough County, you hear this very frequently… “This is going to be a situation that we’re going to be funding forever.” And so, what do you say about that?
BW: Yeah, and I hear that all the time. That’s what people always say. They say we don’t want to build this if it’s not going to produce any income back. There was an editorial in the Tampa Tribune saying well they’re only going to get 8 or 9% of the revenue from the fare boxes. Well, I drove here from Clearwater today, and I didn’t pay anything. There were no tolls on my way here. So, they didn’t get any fare box revenue on my trip. I-275, Dale Mabry, Kennedy, Howard Franklin Bridges – They all don’t pay for themselves. The other part of that is we look at what we built with the rail system. People have studied the numbers, AAA, Forbes Magazine say that you’re looking at about $12,000 per household per year that gets devoted solely to car expenditures. So it’s incredibly expensive system pushing…
EO: Car expenditures meaning insurance on your car, gasoline…
BW: Car insurance, payments, gasoline, maintenance, new tires, oil changes, you know the whole thing – everything that looks into getting you where you need to go in your car. And, that cost is extraordinary. It’s pushed off to the individual users. So, sales tax is going to cost the average household about $125 per year, it’s about 1% what the household is spending on their car budget right now.
EO: Ok, well thanks again Brian. I do appreciate your time, and again, if you’re interested, you can find out more from the HART website and the Moving Hillsborough Forward website. Thanks again for joining us and for more information, can they contact you at Becker & Poliakoff.
BW: I’m at Becker & Poliakoff they can contact me. Our offices are in Clearwater. We serve the whole Tampa Bay region. Look for us on Google.
A major bank is suing the owner of downtown Tampa’s cylindrical office tower at 400 North Ashley Drive — better known in this area as the “Beer Can” building, Rivergate Tower or the Sykes Enterprises tower.
In its lawsuit, Royal Bank of Scotland states that the tower owner, ACP/Pinnacle or America’s Capital Partners on Brickell Avenue in Miami, failed to pay its August mortgage payment on the tower and continues not to pay. The bank, which says it is owed $48.4 million, seeks to foreclose on the property. (Click here for complete story)
It really comes as no surprise to Commercial Real Estate professionals working the Downtown market. Tenants have been exiting Rivergate Tower, one of Tampa’s signature landmark buildings, for some time now. Its not unusual for our office to receive a phone call or two every month from tenants looking to test the waters outside of the building.
Property records show that there was a qualified sale of the building in 2005, for $35 million. Currently, there is more than 240,000 square feet of vacancy in the building and 515,000 square feet total, meaning that the vacancy rate is pushing 47%. The asking rates are $21 per square, which is a premium for the downtown market. Tenants considering the loss factor for the space, which is high in the building in part as as a result of the unusual shape of the structure (i.e. square desks don’t fit well in round spaces) tend to find more competitive deals and cooperative landlords in other towers.
Three separate high-rise projects are moving through the planning stages. One calls for twin 27-story towers north of the St. Pete Times Forum. The others are needle-shaped towers more than 500 feet tall east of the city’s Whiting Street parking garage.
The developers received variances Thursday from the Hillsborough County Aviation Authority board, serving in a new role of ruling on tall structures proposed near flight paths to Tampa International and three county general aviation airports. (Click here for complete St Pete Times article)
The downtown Tampa core is not in as bad a shape as some would have you believe. 100 North Tampa is 100% leased. Park Tower is not full, but it is stable. The Wachovia Center is sub-80% occupied, but there is word on the street that the managers are inking a new deal that will will substantially increase the occupancy rate. Two residential condo properties, Element and Skypoint are stabilizing and approaching full occupancy, respectively, albeit developers have added a rental strategy to achieve success. There is a dearth of plain vanilla shell retail in the center core and if the proposed rail initiatives come to fruition, then most certainly we will see more retail projects come to the table in downtown.
Having said all that, I am still dubious about the the wisdom of adding additional residential to the southern end of the core at the present time. It seems to me that activity near the central core where new public transportation is proposed makes more sense. We should bear in mind, though, that just because developers have applied for variances doesn’t mean these projects will ever come to fruition. In the meantime, I will just sit back, wait and enjoy that there are at least some signs of life returning to our marketplace.
Attendees: Eric Odum and Brian Willis, Esq. Becker & Poliakoff
Date: September 27, 2010
Subject: Hillsborough County Transit Referendum: Additional One Cent Tax. What’s its Purpose? What does it mean to YOU!
EO: Good afternoon and welcome to the Market Minute. This is Eric Odum, I’m the broker for Net Lease Commercial Advisory. Today we have with us Brian Willis who is the attorney with Becker and Poliakoff, and also a member of the Citizens Advisory Board for TBARTA. Welcome Brian.
BW: Thanks for having me, Eric.
EO: Absolutely. This video is going to be the first of two parts. The first part of our discussion is going to be based primarily on the initiative…..what it entails, where the routes are and what-not. The second part, there’s obviously a penny sales tax that’s involved and some controversy behind the penny tax, …..So what we’re going to try to do in the second part, is talk about some of those issues with the penny tax and also the transportation initiative to help explore how much this makes sense for our area. The penny tax is a sales tax, correct?
BW: Yes, it’s a sales tax. It would be one cent additional, right now we’re paying 7%, it would bring it up to 8%, but it’s really an investment that goes to fund improvements and rail is what everybody really associates this with. But a large portion of the funds are also going to go to fund improvements to the bus system through out the county, as well as road improvements and places that aren’t necessarily in middle of the city, but also the outside regions of the county.
EO: Now, when is this vote coming up?
BW: Vote is going to take place on the ballot in November. I think it’s November 2nd or November 3rd, right around there. Of course now there is early voting, so vote on it a couple weeks before hand.
EO: Ok, so let’s talk a little bit about light rail versus high speed rail. Light rail is part of this initiative, is high speed also? How does the high speed rail…
BW: Yes, it’s a frequent question that I get. High speed rail is NOT part of this initiative. It’s not part of what the one cent would go to. High speed rail is a done deal. It’s being funded by stimulus dollars. The Federal Government is coming in (to help fund it) and that’s going to connect Tampa to Orlando at speeds over 160 mph. Light rail which is what a portion of the one cent investment would go to is going to be local. It’s going to connect…..the initial stages at least, will connect the airport, West Shore to downtown, and downtown North up to USF, beyond to the Cross Creek area, and eventually be part of this regional system that is going to be operated by TBARTA in the long run.
EO: So the high speed rail is coming, it has nothing to do with the penny tax, its coming regardless of the outcome of the penny tax vote in November. The penny tax vote in November is going to include rubber on road transportation initiatives as well as the light rail. Is that a good description?
BW: Yeah, yeah, that is absolutely correct.
EO: Ok.
BW: And it’s important to clarify how they work together. The one cent will not go to the high speed rail. They all work together because the high speed rail is going to come in and we’re going to have a transit center in downtown Tampa…..so the idea is that the downtown station for light rail will be part of this multi-modal transit station. There’s high speed rail, there’s light rail, and it’s going to be right across the street from where the Marion bus station is, so you’re going to have an integrated transit platform in North downtown. It’s going to let people come in from Orlando, from across the region, and connect.
EO: SO its going to be in-between the Marion, so its right around the old jail site, correct?….. The Northeast part downtown.
BW: Yeah, the Northeast part of downtown.
EO: By the ENCORE! Project.
BW: Just a little bit ways from the ENCORE! Project, so they’re taking advantage of that and they’re doing a mixed use walk able neighborhood that buys into these transit oriented development principles. So, that’s going to be a big part of this.
EO: Now, you’ve talked about TBARTA, you’ve talked about Hart, and I hear this name tossed around “Moving Hillsborough Forward,” what is that?
BW: ‘Moving Hillsborough Forward’ is a group that was formed by the Tampa Bay Partnership, and they are essentially, a political group that’s helping run the campaign for this one cent investment tax and I think the Tampa Bay Partnership is really important to the initiative because it shows that business recognizes the importance of this one cent investment. What we’ve seen is that we’re losing our competitive edge to people around the country when their looking at where to locate their businesses. People at the Tampa Bay Partnership are putting the dollars to invest in this campaign so that we have this modern transit system.
EO: So, I’m hoping that there are a number of people involved in the process here that there’s some sort of greater initiatives, that there’s cooperation. Frequently when you see a government agency, sometimes they don’t always play nice in the sandbox together, so hopefully there’s some sort of greater plan here, right?
BW: Yeah, there is. You’ve got TBARTA’s master plan that you can find on the TBARTA website, which is TBARTA.com, and that involves both this regional system which is made up of HART’s alternatives analysis study that’s going to take place and be funded by the one cent. You’ve also got a Sarasota/Bradenton rail link that’s part of the TBARTA system. Pinellas County is undergoing their own alternatives analysis study to look at how they could connect Clearwater to the Gateway area, to downtown St. Pete, as well as going over the bridge to link up and create an integrated system with Hillsborough County. And there are similar projects underway in Pasco with the rail line around the State Road 54/56 corridor and going North up to Citrus/Hernando counties. What we see is that there’s a lot of demand for getting people in and out of Hillsborough County, and we’re here, talking about this Hillsborough project, we’re focused on it because we’re in Hillsborough, it is a part of a greater regional system, and not just TBARTA. It’s going to tie in the high speed rail, and then you have Sun rail in Orlando.
EO: How’s Pinellas doing?
BW: Pinellas is a couple years behind us. Hillsborough is ahead. They’ve got the funding in place to start what’s called their alternative analysis study, which is a process that Hillsborough started two years ago and is just about to complete, and that looks at the different possible rail alignments. They set the corridor; the corridor is Clearwater, Gateway and St. Pete. Then they look at what specific roads and what pathways within that corridor would be the most economically efficient pathways to go through. And that’s the process that’s being wrapped up in Hillsborough right now.
EO: Now, let’s talk a little bit about the real estate side of it, because most of the people watching this are going to be real estate folks or real estate investors, and they’re going to want to know ‘what’s in it for me’ and how can they take advantage of some of the opportunities that might be coming down the pipeline. You talked a little bit with me before we had this interview about a quarter of a mile ring, and half a mile ring, what is all that about?
BW: At TBARTA we’re spending a lot of our time on land use issues, because what we’ve shown time and time again, is that transit initiatives like what we’ve got going on in Hillsborough County don’t succeed without land use changes to support the transit. And those land use changes help preserve single family(residences), the existing structure of the community, but you have changes within a quarter mile of the station, which is your core area. Then you have a ring that’s a quarter to a half mile out from the stop. The core area within a quarter mile is your core walking distance to the station. It’s designed to be high density mixed use development, so, shops, Starbucks, CVS, restaurants…
EO: Condos
BW: Condos… absolutely…. in a dense development….. So places you can stay 24 hours and live, work and play.
EO: Typically, what does this do to property values that’s in around this inner dense core?
BW: There have been numerous studies on this and most of them find that you’re finding anywhere between four upwards of 15% increase in property values around the core. There’s a lot of demand for this type of living. It saves people money on their overall transit bill because they don’t necessarily have to have a two car household, and so people are willing to pay more to get into these areas, and businesses are willing to pay more to be there because of the presence of people and the ability to get workers to your shops.
EO: Ok. These rail lines – there’s been some discussion about the first line running up to USF and then there was some outcry that we need to be out to the airport first. Where are we now? What is the general consensus about where the first line is going to be laid?
BW: With the initial plans everybody was thinking it was just going to go from West Shore to Downtown. There was some great public feedback, and it did a great thing because it got HART to reconsider, and now the first line includes Tampa Airport, West Shore. In fact, the airport has devoted land over that is going to allow them to accelerate their build up process. So, high speed rail we talked about earlier is going to be complete in around 2015, and they’re now looking at a time frame in 2015 to complete the Tampa Airport to Downtown leg of the transit project if the one cent passes.
EO: If the one cent passes…So, it sounds like its pretty much set then, that seems to be the most logical route and then later we’re going to continue up to USF.
BW: The idea is that you build them pretty consistently, it wouldn’t be that much later, but the idea is you do one phase at a time, first phase being the airport, second phase connecting Downtown, USF on to the Bruce B. Downs area.
EO: Terrific. Thank you again, Brian, I really appreciate your time in coming down and explaining some of this to us, it’s important that not just the folks that area associated with Net Lease Advisory know what’s going on, but also the general citizenry knows what’s happening so that we make the right decisions.
The Tampa Theatre Building is a landmark office tower in the heart of Tampa’s central business district and is listed in the National Register of Historic Places. The office building is located above the lobby of the Tampa Theater. There are a variety of parking options adjacent to and within a couple blocks of the building.
The building is centrally located in downtown Tampa between the Federal Courthouse and the County Courthouse and other city and county government offices. Dozens of lunch options in close walking distance and hotels nearby. Just two blocks from the new Tampa Museum and Glazer Children’s Museum and Tampa’s new Riverfront project. Zack Street is being renamed The Avenue of the Arts and is expecting significant investments from the city of Tampa.
Address 8206 Citrus Park Dr Property Type FedEx & Verizon – Store Building Sales Date 01/31/2012 Sales Amount $3,500,000 Amount/Sq Ft $531.67 (price includes .29 acres of adjacent parking) Prior Sale Amount $1,750,000 Prior Sales Date 05/11/2007 Exterior Wall Brick Address 15412 N. Dale Mabry Hwy Property Type Sonny’s BBQ – Restaurant Building Sales Date […]
Chicago group’s $4 million bid for Channelside complex rejected Two weeks ago, the Tampa Bay Times reported that at least two well-connected local groups have submitted bids to buy Channelside. Tampa Bay Lightning owner Jeff Vinik has teamed with Andrew Wright, head of Tampa commercial real estate firm Franklin …continue reading Breakfast menus serve up [... […]
Completion of Winn-Dixie and Bi-Lo’s merger means fuelperks program can continue The Hutton Company, representing Family Dollar Stores, secures former Coffee Cup commercial location JP Morgan Chase, Regions bank and Citibank all receive healthy ratings from BauerFinancial as real estate market improves and recession subsides With British Airways already on i […]
You are starting to imagine every aspect of the new restaurant you are about to open, the satisfied customers, the busy tables and the waiters buzzing round ensuring everything is perfect. You can visualize the space, where the kitchen is in relation to the dining area, where you’re going to greet the multitude of guests and how […]
Address 401 E Jackson ST Property Type SunTrust -Office Building Sales Date 12/15/2011 Sales Amount $82,500,000 Amount/Sq Ft $140.33 Prior Sale Amount $114,500,000 Prior Sales Date 09/17/07 Exterior Wall Glass Address 7911 W Hillsboroug AVE Property Type McDonald’s -Restaurant Building Sales Date 12/19/2011 Sales Amount $250,000 Amount/Sq Ft $91.47 Prior Sal […]
ULI Tampa Bay Commercial Real Estate Conference, held at A La Carte Event Pavillion, hear of economy that is slow to recover Tampa Bay Lightning, Wilson company and Tampa Tank team up to find real estate for homeless in Hillsborough County Columbia Restaurant and Metro Bay Real Estate win bid to Renovate Tampa Heights’ Waterworks […]
Owners of Belleview Biltmore hope to demolish property and replace with townhouses Retail or Medical office space to be put on Palma Ceia church site Wellcare, HCPCI and ConnectWise help put positive spin on Office Real Estate lease market Lee Roy Selmon’s Restaurant to Fill Space Vacated by Giordano’s Mexican Restaurant Taco Bus looks to […]
Attendees: Eric Odum with Ken Evans, Principal at Evolution Advisors Date: January 9, 2012 Subject: The Market Minute EO: Good afternoon and welcome to today’s Market Minute. I’m Eric Odum, principal Real Estate Broker for Net Lease Commercial Advisory. Today we have Ken Evans with us. Ken is a friend of mine now, but we […]
Purchase of Schalamar Creek Golf and Country Club the largest Commercial Real Estate transaction of 2011 Retail Real Estate showing signs of improvement according to LandQWest and Franklin Real Estate services Office Real Estate sector worst affected by turbulent market LongHorn Steakhouse, Kohl’s and Dick’s Sporting Goods just some of the new businesses alo […]
Real Estate values move in a continuing economic cycle. Understanding the general principles of the economic cycle is key to successful real estate investing.tampacommercialrealestate.com/real-estate-cycles/ […]
Tags Commercial real estate Commercial Houston commercial real ... Tags Tampa commercial real estate Top real estate broker tampa bay Broker commercial real ...www.webstatsdomain.com/domains/www.kesmat.com/ […]
CoStar introduced CoStarGo™ to about one hundred commercial real estate brokers in Tampa The event held at the Westshore Marriott was asuccess as CoStar ...article.wn.com/.../Top_of_the_list_Commercial_real_estate_br... […]
Tampa Commercial Real Estate, a commercial real estate brokerage firm based in Tampa FL, is inviting local commercial real estate brokers and associates to ...www.prweb.com/releases/.../prweb9485525.htm […]
South Tampa Real Estate Market Overview and Analysis Video by The Duncan Duo Show ... Tampa Commercial Real Estate How to Leverage Commercial Real Estate ...www.youtube.com/watch?v=zYXSejQ76J0 […]
The broker, Steven Silverman of Tampa Commercial Real Estate, recently located a suitable building for Freedom Scientific. They required a building that ... […]
Administrative Support Associate - Commercial Real Estate - Find Admin - Clerical Jobs at Franklin Street in Tampa Bay, Florida.www.careerbuilder.com/JobSeeker/Jobs/JobDetails.aspx?job... […]
The new home for Freedom Scientific is an 11500 sf building located close to Tampa International Airport and close to the Veterans Expressway Freedom ...topics.dallasnews.com/article/0fdY7lu2V64qz?q=Florida […]
Tampa Commercial Real Estate, a commercial real estate brokerage firm negotiated the lease of an Office Warehouse to Freedom Scientific.www.prweb.com/releases/.../prweb9454203.htm […]
He might be contacted at: Tampa Commercial Real Estate. Web Site: http://www. TampacommercialRealEstate.com. (813) 785-3665. Sierra Trading Post ...www.hugohosting.com/tampa-real-estate-relocates-defense-co... […]
Tampa Commercial Real Estate, a commercial real estate brokerage firm based ... Full Story »Tampa Commercial Real Estate Relocates Defense Contractor to ...news.yahoo.com/cautiously-optimistic-commercial-real-estate-... […]
TAMPA — Commercial real estate company CBRE announced it has signed a long-term lease for approximately 25000 square feet of office space at the Bank of ...www.review.net/section/detail/4-25-2012-cbre-signs-lease/ […]
are not created equal. Load factors, functional obsolesce and poorly laid out floor plans can quickly diminish actual value to the tenant.
office tower at 400 North Ashley Drive — better known in this area as the “Beer Can” building, Rivergate Tower or the Sykes Enterprises tower.
