Category Archives: Tampa

Danny Rice to lead Colliers Orlando – Orlando Business Journal

Colliers International has brought a native Floridian millennial on board to lead its offices in Central and Southwest Florida, as well as Tampa.

Danny Rice, 34, is the managing director in charge of those markets for Colliers, the real estate firm said Monday. Ryan Kratz, who was overseeing those regions as well as serving as Colliers statewide president, will focus exclusively on that role.

Lee Arnold, who founded the firm that became Colliers International Central Florida, remains executive chairman of Colliers Florida. Arnold, who had a licensing agreement to use the Colliers name, sold Colliers Arnold to the corporate parent in 2016.

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Danny Rice, managing director, Colliers International in Central and Southwest Florida and Tampa

Rice will be based in Orlando, and will make frequent trips to Tampa, Clearwater and Fort Myers. The managing director role is a homecoming for Rice, who launched his commercial real estate career as a Colliers research intern in 2006.

He also dabbled in brokerage, on the office side, and left Colliers in 2014 to work for Xceligent, a commercial real estate data company, working his way up to chief revenue officer.

“The industry in general is starting to change with technology and research and data, and it’s going to enable brokers to be more efficient,” Rice said Monday.

There’s more data available than ever before, Rice said, and the most successful brokers are the ones leveraging the technology to analyze that information. But it also means tools like artificial intelligence and virtual reality.

“Those pieces are the ones that are going to be really interesting,” Rice said.

Central Florida’s Largest Commercial Real Estate Brokerage Firms

Ranked by 2016 total dollar volume of sales and lease transactions

Rank Company 2016 total dollar volume of sales and lease transactions 1 CBRE $1.67 billion 2 Cushman & Wakefield of Florida Inc. $1.14 billion 3 Marcus & Millichap $754.25 million View This List
Sponsored By Survey How often do you go to downtown Orlando?

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Fleetwood Mac bringing tour to Tampa

Announcing a North Amaerican tour, Fleetwood Mac plans to embark on a 50-plus city tour that will kick off in October and last through next spring. (Evan Agostini/Invision/AP)

Legendary veteran rock band Fleetwood Mac is coming to Tampa.

Fleetwood Mac to perform in Tampa Show scheduled for Amalie Arena on Feb. 18, 2019

Announcing a North Amaerican tour, Fleetwood Mac plans to embark on a 50-plus city tour that will kick off in October and last through next spring.

The tour is coming to Tampa’s Amalie Arena on February 18, 2019 at 8 p.m. Tickets for the tour will go on-sale to the general public starting on Friday, May 4 at 10 a.m. For further information, please visit www.fleetwoodmac.com.

Produced by Live Nation, the tour will feature the newly announced line-up of Mick Fleetwood, John McVie, Stevie Nicks, and Christine McVie along with newcomers Mike Campbell and Neil Finn.

Fleetwood Mac has sold more than 100 million records worldwide and the Grammy-award winning band was inducted into the Rock and Roll Hall of Fame in 1998.

Also, SiriusXM’s Fleetwood Mac channel debuts on Tuesday, May 1 at 5 p.m. and runs through May.

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Tampa’s oldest wooden cigar factory opening as Ybor City apartments

TAMPA — Interior walls are still being painted, scaffolding surrounds the exterior, and some amenities await installation, but restoration of Tampa’s oldest wooden cigar factory and its conversion into an apartment building is nearly complete.

“Just the finishing touches now,” said Ariel Quintela, who along with business partner Darryl Shaw is the developer.

On May 1, after over three years of construction, the 32,000-square-foot, three-story structure built in the late-1800s at what is now Palm Avenue and 19th Street will open as the Angel Oliva Sr. Apartments.

The finished apartment complex will be as historically accurate as possible, Quintela said.

“We wanted to use as much as the actual material of the building as we could. When we couldn’t, we made it look real.”

Here are some examples:

Moldings and shutters on all 167 windows are original, as are 40 percent of the exterior sidings.

The original front door, once tossed in the trash as unsalvageable by a construction crew, was retrieved and restored.

The first floor’s interior stairway balusters date to the factory’s opening and the rest are exact replicas.

The entire structure has hardwood floors, but not enough of the original boards remained intact. So the developers used what remained and purchased wooden flooring that’s just as old, from a torn-down, 130-year-old building in Tennessee.

Even the new baseboards were designed to replicate the originals.

“Why not go the extra mile?” Quintela said.

The once wide-open factory floors are now sectioned into 38 apartments, each from 600 square feet to 1,200 square feet. Renters will be sought in the coming weeks.

Hillsborough County Property Appraiser records list the 2014 sales price for the factory at $780,000. Quintela wouldn’t reveal how much the partners have invested in the restoration, saying only, “It was worth it. We’re preserving history.”

Property appraiser’s records say the factory was built in 1885, but that’s wrong, said Tampa Bay History Center curator Rodney Kite-Powell. The first Ybor City cigar factory was built of brick, in 1886, Kite-Powell said. The first mention he found of the wooden factory is an 1899 Sandborn map — part of a series of street plans dating to the mid-1800s.

Most cigar factories from that era were wooden, not brick, Kite-Powell said, but they didn’t survive like the brick ones did. Aside from the Oliva factory, only one other made of timber still stands — the Salvador Rodriguez Co. at 402 22nd St. S. in Palmetto Beach. The building is a headquarters for Pilgrim Permocoat, manufacturers and distributors of adhesives.

“Those are the only glimpses we have left of that time,” Kite-Powell said.

The Oliva building was first inhabited by the R. Monne & Bro. cigar company and developer. Quintela said Cuban freedom fighter José MartÍ spoke there during his seventh of some 20 trips to Ybor City in the late 1800s to raise money for the island nation’s war of independence against Spain.

“Living here means you will live among history,” Quintela said.

Over the years, the factory was used by other tobacco companies, including Lopez, Alvarez & Co. Some of them rolled their own line of cigars as well as cigars for others, including the Swann family — namesake of the avenue that connects Bayshore and West Shore boulevards.

A “Home of Swann Cigars” sign was discovered under exterior siding on the Oliva building in 2015, though it was covered up again. Quintela said the developers soon will create a replica of it.

The apartments are named after Oliva Tobacco Co. because Oliva used it most recently and for the longest period. Founded in 1934, the Oliva Co. was a major tobacco supplier but didn’t make cigars and last stored its product in the building from the 1980s through late 1990s.

The Angel Oliva Sr. Building is one of a number of residential and commercial developments in the Ybor City area spearheaded by Quintela and his partner Shaw. Most prominent is the MartÍ building, with 100 apartments and 8,000 square feet of retail space at East Seventh Avenue and Nick Nuccio Parkway.

Quintela said they chose the names Oliva and MartÍ to help keep history alive.

“Our biggest quest is not building sticks and bricks. We live in one of the most historic cities in the country. We want to remind people of that while teaching them the stories.”

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HFF Announces $110.5M Sale of and $76M Financing for 900-unit Apartment Community in Bradenton, Florida

TAMPA, FL – Holliday Fenoglio Fowler, L.P. (HFF) announces the $110.5 million sale of and $76 million acquisition financing for Carlton Arms of Bradenton, a 900-unit, garden-style apartment community in Bradenton, Florida.

The HFF team marketed the property on behalf of the seller, a joint venture between The Mahaffey Apartment Company and Brighthouse Life Insurance Company. MetLife Investment Management advised Brighthouse on this investment. FLF Holdings purchased the offering free and clear of existing debt.

Additionally, HFF worked on behalf of the new owner to secure the 10-year, fixed-rate loan through Freddie Mac’s CME Program. The securitized loan will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans.

Built in 1980, Carlton Arms of Bradenton has been owned and managed by The Mahaffey Apartment Company for 38 years. The property is located on a peninsula overlooking the Braden and Manatee Rivers at 5200 Riverfront Drive, and is one of the only waterfront multi-housing rental communities in the Sarasota/Bradenton MSA. The property comprises a variety of efficiency, studio, one-, two- and three-bedroom floor plans averaging 880 square feet with a majority of the units featuring water views and large outdoor patios or balconies. Carlton Arms also features 12,519 square feet of 100-percent-leased retail space. Community amenities include two waterfront pools, two lighted tennis courts, two basketball courts, two clubhouses, a fitness room, on-site dog park, four guest suites for visitors, covered parking and five boat docks containing 50 boat slips.

The residential units are 99.7 percent occupied.The HFF investment advisory team included senior managing director Matt Mitchell and director Zach Nolan.HFF’s debt placement team consisted of managing director Elliott Throne.

“The borrower benefitted from a very aggressive Freddie Mac financing structure within the Green Up program that will allow them to effectively execute their renovation strategy on an asset that provides a truly unique waterfront lifestyle to its residents,” Throne said.

About The Mahaffey Apartment Company
Established in 1962, The Mahaffey Apartment Company is a family enterprise that specializes in developing, building, managing and owning large apartment communities. The goal of the company is to own these real estate developments as a long-term investment. The Florida-based firm has developed, built and managed 21 properties with 16,825 individual apartments in Florida and Indiana. Over the years the company has sold 7,515 rental apartments in 10 different locations. The company is distinguished by the total involvement of its principals in the creation of each community from initial site selection through architectural planning, construction and marketing.

About Brighthouse Financial
Brighthouse Financial (Nasdaq: BHF) is a major provider of annuities and life insurance in the U.S. Established by MetLife, Brighthouse Financial’s mission is to help people achieve financial security by offering essential annuity and life insurance solutions designed to help protect what they have earned and help ensure it lasts. Learn more at brighthousefinancial.com.

About FLF Holdings
FLF Holdings is a real estate development and management company targeting quality income producing real estate assets and unique development opportunities. The company’s core mission is to acquire and develop projects it can be proud to live in, live around and be a part of. FLF is dedicated to affecting a positive change through responsible real estate strategies for all stakeholders, including its tenants, neighbors, community and investors. FLF, together with its affiliates, owns a diverse portfolio of over two million square feet consisting of industrial, retail, office and approximately 2,500 apartments. In addition, it operates a management company in Chicago called Crossroads Partners with a portfolio of over four million square feet. FLF has offices and affiliates in Florida, Texas, Illinois, Ohio and Pennsylvania. For more information, visit flfholdings.com or xr-partners.com.

About HFF
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.

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Lingerfelt CommonWealth Acquires Buschwood III in Tampa, Florida – South Florida Business Journal

RICHMOND, Va., Feb. 21, 2018 /PRNewswire/ — Lingerfelt CommonWealth Realty Partners, LLC, a Richmond, Virginia-based commercial real estate investment firm, today announced the acquisition of Buschwood III, a 78,453 SF class A office building in Tampa, Florida.

Buschwood III, located at 3350 Buschwood Park Drive, is within the Northwest submarket in suburban Tampa. The two-story office building recently received a substantial renovation and is approximately 86% occupied under long-term leases to a diverse group of credit tenants.

Lingerfelt CommonWealth will operate the office building via its vertically integrated operating platform. Commonwealth Commercial Partners, the Company’s property management affiliate, will handle all aspects of the day-to-day asset and property management.

More on Lingerfelt CommonWealth can be found on the web at www.LingerfeltCommonWealth.com.

ABOUT LINGERFELT COMMONWEALTH PARTNERS
Lingerfelt CommonWealth Partners, headquartered in Richmond, VA, is a vertically integrated, full service real estate investment management firm with additional offices in Charlotte, NC, Greensboro, NC, Greenville, SC, Hampton Roads, VA, Houston, TX, Jacksonville, FL, Nashville TN, Raleigh, NC, Reading, PA, and Tampa, FL. Together with its predecessors in the private sector and public REIT sector, its partners have built, acquired and managed nearly 20 million square feet of commercial real estate valued at approximately $2 billion of commercial properties across the Mid-Atlantic and Southeast. Learn more at www.lingerfeltcommonwealth.com

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SOURCE Lingerfelt CommonWealth Partners, LLC

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Top Family Friendly Tampa Attractions

Tampa is said to receive more than three hundred and sixty days of sunshine each year. They have great apartments tampa for rent as well. This makes it one of the best places in the country for you to spend time outdoors. The city is home to a wide selection of attractions that make it even more appealing for residents and visitors to spend time outdoors.

Below we have put together a list of the top family friendly Tampa attractions to check out when in town.

Theme Parks

Tampa is home to amazing theme parks including Grand Prix Tampa and Busch Garden Tampa Bay. The former is home to a selection of attractions including a pair of go-kart tracks, video games arcade, miniature golf course and paint-less paint ball course among others.

The Busch Gardens Tampa Bay on the other hand is home to a variety of animal exhibits that include five hundred bird species, lions, orangutans, crocodiles, kangaroos and much more. This three hundred acre theme park also features thrill rides and hosts a variety of fun events all year round.

Beaches

Those looking to enjoy a fun time out on the beach can head over to Ben T. Davis Beach. A great place for a family picnic, the beach has an area fitted with picnic tables, benches and grills. For those interested in playing beach sports, the beach also has a beach volley ball area.

To ensure that you don’t leave your pet dog out of your family outing plans at the beach, the Ben T. Davis Beach also has a separate area for dogs. This fenced in, 2.5-mile stretch is exactly what your pooch needs to let loose and have fun at the beach uninterrupted.

Zoos

Lowry Park Zoo is Tampa’s got to place for the widest selection of animal exhibits. The zoo is home to 1,500 animals drawn from different corners of the world. Some of the exhibits to look out for include white rhinos, cheetahs and African elephants. This fifty-six acre zoo is also home to a carousel, tram and flume ride.

Aquariums

The Florida Aquarium offers families the opportunity to learn more about marine life and marvel at a selection of impressive animal exhibits. Visitors can check out the penguin preserve, coral reef aquarium and stingray tank. Some of the activities you can take part in while at the Florida Aquarium includes the SCUBA diving program and the dolphin viewing cruise.

With these activities in mind, you will always have something fun to do in Tampa.