Entries by Market Tampa Investments

21-story Harbour Island apartment tower sells for record-setting price

A 21-story residential tower on Harbour Island has sold for a record-setting price per unit. 500 Harbour Island was sold to Northwestern Mutual for $103.45 million or $440,212 per apartment, according to JLL, which announced the deal Thursday. JLL represented the seller, a partnership of Tampa's Forge Capital Partners and Intown/Framework Group, which completed the tower in 2017. It is the first time a market-rate apartment community has surpassed $400,000 per unit, and the sales price beats the…

Meet Sharon McSwain, a 2019 BusinessWoman of the Year honoree

Sharon McSwain President Domain Homes Educational background: Mercer University, major in communications, minor in broadband film What was your first ever paid job? Retail sporting goods store What is your favorite movie of all time? “The American President” What drives you to succeed? The desire to make as much of a difference in the lives of the people in my life What is the best piece of advice you would give to young women just starting out their careers? Allow themselves to dream and…

Study: Tampa ranks sixth worst among major metro areas for mortgage application fraud risk

A recent report by CoreLogic Inc., a New York-based real estate data company, found that Florida remains one of the worst states for mortgage application fraud risk. CoreLogic’s 2019 report found that Florida is the third worst state for mortgage fraud, though for the first time since 2017, the Sunshine State was bumped from the No. 2 spot by New Jersey. New York held its spot at No.1. Florida’s ranking is not a surprise as the Sunshine State has six of the 25 worst metropolitan areas for…

Report: Tampa among least affordable cities for homeowners

The RealtyHop Housing Affordability Index, a recent report by investment data company RealtyHop, ranked Tampa as one of the least affordable cities for homeowners. The report, which ranks the top 100 most populous cities on their affordability for homeowners, found Tampa to be the 36th least affordable market based on its homeowner burden. A city's homeownership burden is the total cost to own a home and includes: Median household income Median for-sale home listing prices Local property taxes Mortgage…

Arthur Rutenberg Homes promotes chief operating officer to CEO

Arthur Rutenberg Homes, a franchisor of custom homebuilding companies based in Clearwater, has promoted its chief operating officer to CEO. Jim Rosewater has taken the helm at Arthur Rutenberg, the company said Tuesday. As COO, Rosewater is credited with Rutenberg's expansion from a Florida builder to a 10-state footprint since 2008. “Jim’s previous experience as an independent builder, former Arthur Rutenberg Homes franchisee and company executive gives him the keen ability to understand the…