A statewide emergence

The success of [tag]Emerge Tampa[/tag] in bringing [tag]under-40 professionals[/tag] together leads to the birth of [tag]Emerge Florida[/tag].

Among the many [tag]Tampa Bay[/tag] area business organizations with grand mission statements, 2-year-old Emerge Tampa stands out for having a pretty simple goal: Give young professionals a means to strengthen their ties to the area and broader [tag]business community[/tag]. Now the success of Emerge Tampa and other similar groups in the state has led to the birth of Emerge Florida, a new organization aimed at roughly the same under-40 demographic.

The concept for a statewide networking organization for young professionals stemmed in large part from the encouraging response that Emerge Tampa has generated since its founding in 2004 by the [tag]Greater Tampa Chamber of Commerce[/tag]. The group was started to help stanch the exodus of talented young people from the area – a key work force issue for the [tag]Tampa Bay[/tag] area and all of Florida – by providing them with a means to meet and interact with other young, like-minded professionals. The Tampa organization already has more than 400 dues-paying members, a number that rose to nearly 600 at the end of last year before 2006 renewals were due. Continue reading “A statewide emergence”

Crescent plans Tampa office building

Crescent Resources plans to start construction soon on its fourth office building fronting the International Plaza mall in Tampa, Fla. The [tag]Duke Energy[/tag] Corp. real estate unit will add 260,000 square feet of offices to an unusually tight market in the [tag]Westshore[/tag] business district. Westshore’s vacancy rate for Class-A office space was low as 5 percent in the first quarter. Real Estate Investing for Dummies

Crescent recently closed on 5.6 acres on [tag]Boy Scout Boulevard[/tag] at [tag]Lois Avenue[/tag]. The eight-story building is slated for occupancy in early 2008. “Our plans right now are to finish the drawings and start construction,” says Ron Ruffner, Crescent vice president in [tag]Tampa[/tag]. Charlotte-based Crescent has been developing office space in that market since 1988. Continue reading “Crescent plans Tampa office building”

Pink Flamingos : Lost In Transition

One by one, the [tag]mom-and-pop motels[/tag] with neon signs and [tag]plastic flamingos[/tag], [tag]vintage beach cottage[/tag]s and small [tag]seaside shops[/tag] that for decades beckoned budget-minded families and tourists to [tag]Pinellas County beaches[/tag] are closing their doors. Although some have tried to tough it out, more and more are being forced out as property taxes soar and deep-pocketed developers come calling with visions of beachfront condominiums. Real Estate Development : Principles and Process

Developers are gobbling up prime locations along the coastline with an appetite not seen since the condo booms of the 1970s and 1980s. Their main targets: aging or rundown beachfront motels and apartments whose land has become too valuable to support $100-a-night rooms. Replacing them are taller, high-priced condos and condo-hotels with fancy names and deep-pocketed clientele. “These condos are a million and above,” said Laura Labadie, another Indian Rocks Beach innkeeper. “Nobody but the rich people will be able to come to the beach again.” Continue reading “Pink Flamingos : Lost In Transition”

Many will escape AMT for added year

Lower Your Taxes - Big Time! : Wealth-Building, Tax Reduction Secrets from an IRS Insider When her clients get hit with the [tag]alternative minimum tax[/tag], [tag]St. Petersburg[/tag] [tag]CPA[/tag] Celia Hall says some of them respond: “I don’t want that alternative.” Unfortunately for them, the [tag]AMT[/tag] isn’t optional. If your income tax calculated under the AMT is higher than the tax calculated the regular way, you pay the AMT amount. More than 3-million people paid the tax last tax year and an additional 15-million would have been affected in 2006 if Congress hadn’t stepped in this month to save their wallets.

The underlying problem is that taxpayers’ incomes have risen more than the AMT exemption – the AMT version of the standard deduction. As a result, the AMT snares more people every year. For 2006, anyone with income higher than that exemption – $42,500 single or $62,550 (married filing jointly) – becomes a potential AMT candidate.When calculating tax under AMT, you lose [tag]personal exemptions[/tag] and certain[tag] itemized deductions[/tag], including those for taxes and medical expenses. [tag]Floridians[/tag] are less affected than residents of most states because they don’t have a state income tax to deduct on their federal returns. Continue reading “Many will escape AMT for added year”

Dockominium plan rocking the boat

The [tag]real estate boom[/tag] that led to development of prime [tag]waterfront property[/tag] has increased [tag]boat ownership[/tag]. But it’s hurting the [tag]marina[/tag] industry and has prompted many mom and pop marinas to sell out to developers. Just like the [tag]condo conversions[/tag] forcing residents out of apartments, boaters are finding storage space dwindling and many fear it’s transforming a sport accessible to the middle class into one reserved for the wealthy. Boatowner\'s Mechanical and Electrical Manual

Iin a plan that allows boaters to use reciprocal [tag]dockominiums[/tag] at [tag]Sanibel Island[/tag], [tag]Sarasota[/tag], [tag]Tampa[/tag], [tag]New Smyrna Beach[/tag], [tag]Key West[/tag] and [tag]Stuart[/tag], the units can fetch a minimum of $121,500 in addition to $225 in monthly dues. The new club will feature about 680 secure dry and wet spaces, a full-time dockmaster and staff, unlimited boat service, 24-hour security, and amenities often seen at five-star hotels. Continue reading “Dockominium plan rocking the boat”

Condo-Conversion in Tampa, Carrollwood

Rich Dad\'s Advisors®: The ABC\'s of Real Estate Investing : The Secrets of Finding Hidden Profits Most Investors Miss (Rich Dad\'s Advisors) The [tag]Tampa Bay[/tag] [tag]real estate market[/tag] just keeps rolling along, fueled by moderate interest rates, scarce land availability for new construction, and high absorption rates for existing homes. According to the [tag]Pinellas Realtor Organization[/tag] the average marketing time for a single family home is 51`days, Sales across the board were up 19%. in 2005, albeit that growth is predicted to slow in 2006.

Tampa Bay is located on the West Central coast of Florida and encompasses the Tampa-[tag]St Petersburg[/tag] metro area. Bordered by the sparkling [tag]Gulf of Mexico[/tag], Tampa Bay affords its residents 28 miles of world class beaches and balmy weather that averages about 75 degrees year round. The Tampa Bay area also excels in the arts, sports and many cultural events. Tampa Bay is a great place to live, work and play! It seems that news of the deflating real estate bubble has not reached and prices of single-family homes continue to rise at rates that out pace the national average. Continue reading “Condo-Conversion in Tampa, Carrollwood”

Poster boy

Want a story of a self-promotional developer with memorable hair and an affinity for splashy, multimillion-dollar deals? If you’re thinking [tag]Donald Trump[/tag], you’re fired. [tag]Grady Pridgen[/tag] doesn’t have Trump’s runaway tongue or jet-setter’s flamboyance. But he’s probably the closest thing the [tag]Tampa Bay[/tag] area’s real estate community has to a poster boy. The Pre-Foreclosure Property Investor\'s Kit : How to Make Money Buying Distressed Real Estate -- Before the Public Auction

With its flashy smile and dark pompadour, Pridgen’s image adorns some of the biggest projects in [tag]Pinellas County[/tag], the point driven home by the slogan “Not Just Another Pretty Place” on a prominent Interstate 275 billboard. Pridgen’s message: You sign onto his projects, you deal with the big guy himself. And a lot of projects there are: The 46-year-old developer estimates his portfolio at $4-billion. It includes the former Nielsen Media headquarters in Dunedin and the $1.5-billion [tag]La Entrada[/tag] project off I-275 and Gandy Boulevard in St. Petersburg. He’s acquired half a city block for [tag]Bayway Lofts[/tag], the glassy high-rise condos he’s intent on building. Lockheed-Martin, Jabil Circuit and Airbourne Express lease Pridgen-managed property. They are some of the 1,000 companies he boasts about moving to the area. Continue reading “Poster boy”

School impact fee rises sharply

The Mortgage Originator Success Kit : The Quick Way to a Six-Figure Income [tag]Hillsborough commissioners[/tag] vote to raise the rate from $196 to $4,000. But they did so with reservations.

After months of debate with school officials, the commission grudgingly agreed to higher [tag]impact fees[/tag] to help a district choked by [tag]enrollment growth[/tag]. The increase, to be phased in over the next two years, promised to ease a crippling shortfall of school construction money.

Commissioners Kathy Castor, Mark Sharpe, Tom Scott and Ken Hagan supported the measure, which must be formalized by an ordinance to take effect. After the vote, Elia ruled out asking this fall for a half-cent sales tax increase, saying the district needs to exhaust all options before further burdening taxpayers. “It would be foolish to have a double impact on the community in the same year,” School Board vice chairman Jack Lamb agreed. “We don’t think that would be fair.” Lamb said a sales tax increase remains an option for the future. Continue reading “School impact fee rises sharply”

‘For sale’ sign placed on University Mall

The owners of [tag]Tampa[/tag]’s [tag]University Mall[/tag] have put the 1.2-million-square-foot regional mall up for sale along with four other malls outside the state it no longer considers worthy of being a core asset. [tag]Glimcher Realty Trust[/tag], a Columbus, Ohio, real estate investment trust that owns 26 malls and seven shopping centers, has been weeding older, marginally performing malls from its portfolio for some time. Professional Real Estate Development

University, now more than 30 years old and in the congested shadow of the [tag]University of South Florida[/tag] next door, has been challenged by Westfield malls in Citrus Park and Brandon, plus new competition in [tag]New Tampa[/tag] and [tag]Wesley Chapel[/tag]. University already lost its JCPenney to Wiregrass Shops in Wesley Chapel and stands to lose its [tag]Dillard’s[/tag], which has announced plans to open in Wiregrass when the rest of that mall opens in late 2007. Regardless, University Mall has been aggressively repositioning itself with more moderately priced and discount-priced stores that appeal to young people. With Macy’s, Dillard’s and Sears as anchors, it still qualifies as a traditional regional mall. Continue reading “‘For sale’ sign placed on University Mall”

Changing The Landscape: North of Tampa Golf Course Development

“[tag]North of Tampa[/tag]” is suddenly one of the hottest phrases in [tag]golf course development[/tag] circles. Not only have [tag]Pasco[/tag] and [tag]Hernando[/tag] counties been discovered, but there are strong indications that within five years the once sleepy, overlooked home of pastureland will be a member of the golf course big leagues. The Ultimate Golf Learning Experience

[tag]Southern Hills Plantation[/tag], designed by celebrated course architect [tag]Pete Dye[/tag], opened earlier this year in [tag]Brooksville[/tag] as part of a LandMar Group development, and early reviews of the course have been nothing short of glowing. A project by Avila developer Bob Sierra to be known as [tag]Hickory Hills[/tag] is moving forward on a tract of Hernando ranchland and anticipates a Jack Nicklaus course design. Just down S.R. 52 from Lake Jovita, which boasts 36 holes and has attracted national attention since it opened seven years ago, an [tag]Arnold Palmer[/tag] signature design will be part of a planned community to be called [tag]Bella Verde[/tag]. Going further north into Hernando, where World Woods’ Pine Barrens and Rolling Oaks courses designed by [tag]Tom Fazio[/tag] rank among the top public courses in the country, developers are studying property that was once the site of the Florida Rock and Stone Quarry. Continue reading “Changing The Landscape: North of Tampa Golf Course Development”