Fractured Carrollwood condos sold for $52.25 million

A Massachusetts group with properties throughout Florida has acquired the bulk of units in a fracture condo in the Tampa suburbs.Original Article

Business of Pride: Smith & Associates Real Estate

Each year, the company's sponsorship goals are centered around enhancing the local community in three core areas: arts, equal rights and healthy living.Original Article

Business of Pride: Marvin Meeks

Meeks said his favorite community moment was having the honor of serving as the chair Pride & Passion, an annual event produced by and for the LGBTQ+ community, benefiting the Tampa Museum of Art.Original Article

Clearwater has its fair share of baby boomers, but not millennials

Something must be in the water in Clearwater. According to a study from RentCafé, the third city in the Tampa-St. Petersburg-Clearwater metropolitan area is the only Bay area city that is in the country’s top 20 for cities with the largest share of the baby boomer cohort. In fact, it is one of only four Floridian cities in the top 20. Clearwater’s 5,243 baby boomers in the 33761 ZIP code account for 26 percent of its population, making it the city with the 19th-largest number of baby boomers…Original Article

Investors flip housing markets, and home buyers are reeling

A confluence of factors — rising construction costs, restrictive zoning rules and shifting consumer preferences, among others — has already led to a scarcity of affordably priced housing in many big cities. Investors, fueled by Wall Street capital, are snapping up much of what remains.Original Article

US homebuilder confidence falls for first time this year

U.S. homebuilder confidence unexpectedly fell for the first time this year in June due to concerns over trade and rising construction costs.Original Article

Frank Lloyd Wright-inspired home in Tampa’s Culbreath Isles hits the market for $7.59 million (Photos)

A Frank Lloyd Wright-inspired home in Tampa's Culbreath Isles neighborhood is listed for sale at almost $8 million. The home at 4937 Lyford Cay Road is priced at $7.59 million, Smith & Associates Real Estate said Friday. Mary Kelly is the listing agent on the property. “This home is a truly unique, waterfront home in a setting that is very limited in the Tampa Bay marketplace,” Bob Glaser, president and CEO of Smith & Associates, said in a statement. The sellers, Ted and Bobbie Taub, have…Original Article

Go inside a sprawling Davis Islands home that just sold for $6 million (Photos)

A sprawling home with open bay access on Davis Islands has been sold for $6 million. The 7,223-square-foot home at 108 Martinique Ave. sold Friday, according to the Multiple Listing Service. It last sold for $2.85 million in 2002, the year it was built. The house was built by Donald C. Hughes General Contractor Inc., which specializes in luxury waterfront residential construction in the Tampa Bay area. It has six bedrooms, seven full bathrooms and one half bathroom. Traci Burns of Smith & Associates…Original Article

Miami’s Related Group buys aging Bayshore apartments for likely redevelopment

The Miami developer has been open about its desire to build waterfront condos in Tampa and St. Petersburg.Original Article

Risky borrowing is making a comeback, but banks are on the sideline

It's called shadow banking, and it is a key source of the credit that drives the U.S. economy. In certain areas — including mortgages, auto lending and some business loans — shadow banks have eclipsed traditional banks, which have spent much of the last decade pulling back on lending in the face of stricter regulatory standards aimed at keeping them out of trouble. But new problems arise when the industry depends on lenders that compete aggressively, operate with less of a cushion against losses and have fewer regulations to keep them from taking on too much risk.Original Article