Posts

Sarasota County Eyes 2 Land Buys to Fight Flood Risk

Image
Why Sarasota County Is Pursuing Two Flood-Control Land Buys Sarasota County commissioners voted Oct. 6 to pursue two land purchases for stormwater retention and flood control: a 51-acre parcel near the Celery Fields and the former Gulf Gate Golf Course. Both properties could provide space to store water and slow runoff during heavy rain, reducing peak flows that can worsen flooding. The proposed purchases reflect a strategy that uses land as a flood-control asset alongside drainage upgrades and other engineered measures. Floodplain preservation can keep areas available to hold water before they are converted to more intensive uses. This approach gives the county greater control over where stormwater can spread and collect. The Gulf Gate site could help address neighborhood flooding, while the Celery Fields-area parcel offers potential retention capacity near existing drainage infrastructure. County officials have also sought nonprofit and foundation support to help cover purchase costs...
Post a Comment
Read more

Ambler Toll Brothers Buys 48 Acres for 34 Luxury Homes

Image
Toll Brothers’ $11.73 Million Limekiln Pike Purchase Toll Brothers paid $11.73 million for 1336 Limekiln Pike, a roughly 47.92-acre property in Ambler, according to Montgomery County property records. The Fort Washington luxury homebuilder acquired the parcel in August 2026. One report lists August 12 as the purchase date. The purchase timeline places the closing more than a year after Horsham Township approved a residential project for the site in August 2025. The approval allowed 34 single-family homes, indicating the property was entitled before Toll Brothers completed the acquisition. Plans also include restoring the existing 2,700-square-foot residence dating to 1850, preserving a historic home alongside the new construction. The seller was a trust associated with the Worth family. That seller background provides context for the transaction, while county records establish the reported sale price and parcel details. The planned homes align with Toll Brothers’ focus on luxury home ...
Post a Comment
Read more

Charlotte 105-Year-Old South End Building Eyes Hotel Flip

Image
What’s Planned for the South End Warehouse? A nearly 100-year-old brick warehouse at Camden Road and South Tryon Street is slated to become a hotel. The plan preserves the existing structure rather than replacing it with new construction. Built between 1922 and 1928, the warehouse originally served as a regional distribution center for Hajoca Corp. Its corner location is in one of South End’s busiest redevelopment corridors, where commercial and residential investment has accelerated. Designed by Louis H. Asbury Sr., the building is a rare surviving example of his commercial work, according to the Charlotte-Mecklenburg Historic Landmarks Commission. The hotel’s room count and renovation timeline have not been provided. Those details will clarify the project’s planned scale and schedule once disclosed. For now, the stated plan is to give the warehouse a new use while incorporating its long-standing brick structure into South End’s changing mix of uses. The project’s progress will depen...
Post a Comment
Read more

San Jose Tech Campus Defaults on Loan, CRE Alarm

Image
What Defaulted at 190, 210, and 230 West Tasman? The default covered three North San Jose office buildings at 190, 210, and 230 West Tasman Drive, totaling 287,371 square feet under a single financing package. Together, the properties formed a three-building campus in a tech-focused office area near the Tasman corridor. Tenant occupancy varied across the buildings. Archer Aviation occupied space at 190 and 210 West Tasman, while Itron Networked Solutions had previously occupied space at 210 and 230 West Tasman before leaving North San Jose. The portfolio therefore included buildings with active and former technology-related tenants, rather than a single vacant property. All three addresses were identified in reporting on the default. Their inclusion in one financing package linked the campus as a property group, even as each building had its own tenant history and occupancy profile. The borrower group defaulted on an 80 million dollar loan that matured in August. High office vacancy ...
Post a Comment
Read more

Palm Beach County Spec Mansion Sells for $17M

Image
What Sold at Stone Creek Ranch for $17 Million? The sale involved Sundara, an 18,206-square-foot lakefront mansion on 2.67 acres at 9200 Rockybrook Way in Stone Creek Ranch, a gated community in unincorporated Palm Beach County west of Delray Beach. Sundara sold for $17 million in January 2020 after being marketed for nearly $19 million. Michelle and Seth Cohen were the sellers, and an undisclosed Delaware LLC purchased the property. The January closing drew attention because of the mansion’s size and price in a non-oceanfront location. The transaction ranked among the area’s highest-priced non-oceanfront sales at the time and set a local luxury benchmark for western Palm Beach County. Like other exclusive gated enclaves, Stone Creek Ranch offers residents 24/7 gated security . Its scale also placed the property among Stone Creek Ranch’s largest sales. The deal later became an important reference point for the community’s rising property values, as the same address resold at higher pri...
Post a Comment
Read more

St. Petersburg Plans Two 44-Story Towers on Hotel Site

Image
What’s Planned for the Hilton Site? The 15-story Hilton St. Petersburg Bayfront at 333 1st Street South is slated to give way to a mixed-use residential project, ending the site’s current hotel use. Sale and redevelopment timeline According to SEC filing coverage, Kolter Group Acquisitions LLC signed a reported $96 million agreement to buy the hotel property in December 2025. Early 2026 reporting noted that formal redevelopment plans had not yet been announced. Subsequent reporting identified Kolter Urban as the developer behind a proposal for two 44-story towers, approximately 509 feet tall, on the 3.01-acre downtown waterfront site. The proposed project is valued at $325 million. The site plan has been circulated to neighborhood and business associations, indicating early-stage review rather than a completed approval process. The proposal includes 325 condominiums , 17,988 square feet of commercial space, and a 519-space parking garage. Like other downtown proposals, the plan may pro...
Post a Comment
Read more

Denver Tech Center Office Tower Changes Hands

Image
Who Bought Terrace Tower: and for How Much? Real Capital Solutions of Louisville and Dunton Commercial of Greenwood Village acquired Terrace Tower through a partnership. The deal marked a Colorado-to-Colorado ownership change for the 12-story office building at 5619 DTC Parkway. Buyer partnership The firms acted as co-buyers rather than as a single purchasing entity. Dunton Commercial was reported to oversee leasing, operations, and management. The transaction shifted ownership from Sun Life Assurance Co. of Canada, which had owned the property since 2012. Denver’s office vacancy rate reached 36.8% in Q2 2025, reflecting continued pressure on the office leasing market . Price disclosure Some reports did not disclose the purchase price. Public-record reporting, however, placed the sale at $23.8 million. Other coverage characterized the deal as a 37% discount and a purchase at a fraction of replacement cost. Those descriptions indicate a substantial gap from building costs, but they do n...
Post a Comment
Read more