Caspers’ acquisition of historic Bayshore estate is top residential sale in Tampa history
Tampa's Casper family officially owns the historic Bayshore estate that they plan to convert to a private social club. The Caspers' $9.5 million acquisition of the Stovall-Lee estate, at 4621 Bayshore Blvd., is the highest priced home sale in Tampa history and the third highest for all of Pinellas and Hillsborough counties. The deal closed Monday. A home in Belleair sold for $11.2 million in April 2017; a Belleair property fetched $10.25 million in 2007. Jennifer Zales, an agent with Coldwell…
See homes from Tampa’s Bay largest custom homebuilders (Photos)
While new developments in suburban areas around Tampa Bay tend to comprise subdivisions of production homes, some local areas are being redeveloped one custom home at a time. The March 2 weekly edition of the Tampa Bay Business Journal contains the List of the largest custom homebuilders in the Tampa Bay area. While they reported building across the region, the focus tends to be on South Tampa, Davis Islands, St. Petersburg and many waterfront areas. Builders on the List handle homes priced anywhere…
Why one of Tampa Bay’s newest banks is financing a Pinellas project with historic ties
When Valley National Bank bought USAmeriBank earlier this year, it also picked up loans for a high-profile project — the $130 million Belleview Place development in Belleair.
‘Casual and modern’ waterfront home in Sarasota hits the market at $15 million (Photos)
A waterfront home on Siesta Key that wrapped up construction just two years ago is listed for sale — fully furnished — at $15 million. The house, at 3799 Flamingo Ave., totals 18,706 square feet, with 8,138 square feet of indoor living space. It features modern architecture and a neutral palette. The list price breaks down to $1,843 per square foot. Joel Schemmel of the Schemmel Property Group with Premier Sotheby’s International Realty is the listing agent on the home, which hit the market…
Airbnb reveals new programmes to reach 1bn guests
Airbnb announced on Thursday that it would launch a guest membership programme and new luxury accommodation programme, as it aims to acquire more than a billion annual guests by 2028.
3 opportunities, 3 challenges for Lennar, now the largest US homebuilder
Lennar could leverage its sales strategies for CalAtlantic communities, but it has a challenge in reaching millennials.
Lennar becomes nation’s largest homebuilder with acquisition of CalAtlantic
Lennar Corp. has reclaimed its spot as the nation’s largest homebuilder after completing the acquisition of CalAtlantic Group. Miami-based Lennar (NYSE: LEN) and Virginia-based CalAtlantic (NYSE: CAA) both received shareholder approval for the merger on Monday. The companies said the deal will be effective at 11:59 p.m. Over 99 percent of shareholders at each company approved the deal. The deal is valued at $9.3 billion, including $3.6 billion in debt. Each share of CalAtantic may be exchanged…
Trump property sale with Russian probed
At the time of the deal, Trump's companies had suffered a string of six successive bankruptcies.