Orlando

The Tampa market has fared well through the pandemic, but at the end of the year, the market saw some softening in office leasing activity.

A fund managed by DRA Advisors has brought the Pinnacle Corporate Park to market on the heels of Starwood Capital Group's sale of Crossroads Business Park.

Industrial users are opting to move up into new quality industrial space, creating a dynamic of rising vacancy and rising rents.

The vacancy rate has climbed to 9.4% in the market and the sublease supply has increased to three or four times the pre-pandemic norm as tenants shed office space.

The CoreCivic National GSA Portfolio consists of 42 federally leased properties that were built-to-suit for the government.

Scannell Properties and Hoover Development Partners are building the TIA Logistics Center, a 245,000-square-foot of warehouse and distribution center.

The firm disposed of the Cardinal portfolio, a 10-propery, 1,207-unit garden-style apartment portfolio in central and north Florida.

The real estate firm has launched the $125 million Affiliated Housing Impact Fund to invest in workforce housing in Florida.