First Citrus Bank Surpasses $300 Million In Assets

First Citrus Bank in Tampa, Florida surpasses $300 million in assets. First Citrus Bank, a $301 million commercial bank, was established in 1999 and headquartered in Tampa, Florida. Ranked as one of the Top 25 Commercial Loan Producers in the Nation, it serves businesses and individuals through a range of tailored financial solutions designed to fit their […]

Investors Moving Billions Into Real Estate Ahead Of A Big Market Change

Real estate stocks are getting a place of their own in the market this week, and investors are taking notice. As of the close of trading Friday, the industry will become its own sector in the S&P 500, bringing the broad market index up to 11 divisions. The move primarily affects real estate investment trusts (REITs), […]

Momentum Building for Rate Hike

According to the minutes from the Federal Open Market Committee’s July meeting in Washington, some of those who attended the meeting think that another increase of the federal funds rate was or would soon be warranted. A couple even went so far as to advocate an increase at the meeting. The following are excepts from the minutes…Read More […]

Dream House In A Forest Of Buildings

This man is building his dream house in the shadow of Channel district towers. When Mark Farrell gets home from work, the last thing he wants to do is drive anywhere. The owner of WRA LLC, a civil engineering firm in Tampa, drives about 30,000 miles a year, criss-crossing the state for work. As a hockey […]

How Broad Economic Trends are Affecting U.S. Real Estate

There are many factors across the country—most are socioeconomic at their core—that will have tremendous impact on real estate markets over the next 12 months. Although most of the factors are national in scope, others are global. All are converging to alter the flow of real estate investment in the U.S. in certain sectors while […]

The Big Jobs Number Is A Win For Luxury Housing

A larger-than-expected employment gain in July could boost the recovery in prices for luxury U.S. homes. Stock market volatility caused a drop in luxury values in the first quarter of this year, but prices recovered slightly in the second quarter, rising 0.8 percent annually, according to Redfin, a real estate brokerage. Redfin defines a home as […]

Construction Spending Ahead of 2015 Despite June Dip

Construction spending eased slightly in June, but the Census Bureau said today that it is still running substantially ahead of spending in the first six months of 2015. Spending in June was at a seasonally adjusted annual rate of $1.13 trillion compared to $1.40 trillion in May, a drop of 0.6 percent.  The June figure is […]

Top Six U.S. Cities for Office Occupancy Costs

Peaking office rents are becoming a problem in many markets. Tenants have shown they’re willing to expand, but as high demand pushes rents to record levels amid Brexit and the upcoming election turmoil, experts say tenants might have an excuse to delay decisions until 2017. Across the globe, trophy office rents increased 2.4 percent from mid-year […]

New Crown Jewel Of Tampa Skyline – Creative Designs Welcome

The city of Tampa is calling on firms to submit development proposals for one of the most prime real estate lots in downtown. The city released requests for proposals Friday on the property just north of Jackson Street known as the City Hall Parking Lot. “This is particularly exciting because this is essentially the most prominent undeveloped […]

Home Improvement Spending To Hit $321 Billion

Home equity is back, and headed for the bathroom — or the kitchen or the garage or wherever today’s homeowners see the greatest returns. Higher home prices have given people cash back and they are putting that cash to work in more — and bigger — remodeling projects. Growth in home improvement and repair expenditures will reach […]