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Downtown Tampa’s SunTrust Financial Centre sold to Highwoods Properties

The 35-story SunTrust Financial Centre in downtown Tampa has been sold to Highwoods Properties, a Raleigh, N.C., company. The company announced in a news release Wednesday that the acquisition is a $124 million investment, 40 percent below estimated replacement cost. The 528,000-square-foot building is currently 89 percent occupied, though some pending departures will bring that…

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Editorial: End of the CRA in Sarasota

Sarasota city officials, who struggled for months to find some way to persuade the County Commission to extend the city’s Community Redevelopment Agency, got their response suddenly last Tuesday. With little attention, the commission voted unanimously to stop funding the 30-year-old agency by September 2016. The CRA takes the part of tax revenues resulting from…

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