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City Reverses Offer to Help Rebuild Tampa Bay Rays’ Hurricane-Damaged Stadium

City Reverses Offer to Help Rebuild Tampa Bay Rays’ Hurricane-Damaged Stadium

by Phil Hall | Nov 22, 2024 | Commercial Real Estate News, Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The St. Petersburg City Council has changed its mind on providing more than $23 million to repair Tropicana Field, the home of the Tampa Bay Rays, that was damaged during Hurricane Milton last month. The stadium’s translucent fiberglass roof was torn to shreds during...
Tri Pointe Homes Closes First Land Acquisition in the Orlando Market

Tri Pointe Homes Closes First Land Acquisition in the Orlando Market

by Phil Hall | Nov 22, 2024 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

The homebuilder Tri Pointe Homes (NYSE: TPH) has acquired 178 single-family detached homesites in the Sugarloaf Mountain planned community in Minneola, Florida with its land bank partner, Kennedy Lewis Investment Management LLC. The acquisition marks the company’s...
Florida’s Housing Market: More Inventory, Easing on Median Price Acceleration

Florida’s Housing Market: More Inventory, Easing on Median Price Acceleration

by Phil Hall | Nov 21, 2024 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

Florida’s housing market recorded higher inventory levels and an easing for median price acceleration during October, according to data from Florida Realtors. The Sunshine State had a 4.7-month supply of single-family existing homes last month, up 34.3%...
Tampa Bay Rays Warn They May Never Move Into New Stadium

Tampa Bay Rays Warn They May Never Move Into New Stadium

by Phil Hall | Nov 20, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The owners of the Tampa Bay Rays said the team will not be able to move into their planned new stadium for the 2028 season, and there is a good chance they may never relocate to the new venue. The Associated Press reported the team’s executives informed Florida’s...
Florida’s Housing Market: More Inventory, Easing on Median Price Acceleration

Florida Home Sales Dip While Prices Hold Steady

by Phil Hall | Oct 23, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Closed sales of existing single-family homes in Florida totaled 18,721, down 12.3% year-over-year, while existing condo-townhouse sales totaled 6,655, down 20.7% year-over-year, according to data from Florida Realtors. The statewide median sales price for...
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