One of Tampa’s best-known bank analysts takes a career pivot
Dick Bove, a Tampa-based Wall Street analyst known for his pointed comments on some of the nation’s biggest banks, says he’s putting his money where his mouth is.
Bove has switched from researching banks and making recommendations to investors to becoming an investor himself.
He’s been named chief strategist for the Financial Opportunities Strategy at Hilton Capital Management, a privately held investment management boutique based in Garden City, New York, a press release said.
He’ll…
CRG kills big Creve Coeur project
CRG is no longer moving forward with its 750,000-square-foot development in Creve Coeur.
The company said about four or five homeowners declined to extend agreements with CRG that would have given the company time to rezone the property. CRG had 38 residences that comprise the Balmoral subdivision under contract near Olive Boulevard and Interstate 270, north of DeSmet High School, for the project.
CRG, the private real estate investment arm of Clayco, had not detailed what the 750,000-square-foot…
Like its competitors, mortgage insurer Radian Group cuts premiums
The updated pricing, which will take effect for all mortgage insurance applications received by June 4, comes a month after Milwaukee-based MGIC Investment Corp. said that it was reducing its borrower-paid mortgage insurance premium rates by an average of 11 percent.
Here’s the latest on the Kennedy Center expansion project
Kennedy Center Chairman David Rubenstein says the massive expansion of the performing arts center in Northwest D.C. will likely be finished next May, according to The Washington Post — though The Carlyle Group co-founder and noted philanthropist might be pushing it a little.
A spokeswoman with the Kennedy Center told the Post that Rubenstein was being “aspirational” in his remarks, which were made at the center’s Spring Gala on Sunday. More information about the status of the expansion…
New $150 million senior living community coming to Lakewood
“A community of this size and caliber simply doesn’t exist in this area of Denver.”
Report: Walnut Capital provides more details on plans for Pittsburgh Athletic Association
Restored stone walls in the lobby. Three restaurants and a cafe on the first level. And offices on the upper floors.
Those are some of Walnut Capital Partner's vision to revitalize the venerable Pittsburgh Athletic Association building in Oakland that were detailed in the PAA's Chapter 11 bankruptcy filing, according to a report in the Pittsburgh Post-Gazette.
Walnut Capital was named the winning bidder of $12.6 million for the property in September through the Chapter 11 process. A confirmation…
Downtown Triad office building owners adding more small suites
The owners of an office building in a prime downtown location have begun construction to expand their small-office suites to a second level.
Dave Stoughton told Triad Business Journal that he and his wife Chantelle are adding 38 one- and two-person suites — some with two personal offices — in 12,000 square feet on the ground (street level) floor of 101 S. Elm St., which sits at the southeast corner of Elm and Market Street in Greensboro.
The expansion, expected to be completed in June, will…
Developers add a missing piece to their projects: Hotels
As mixed-use developments become destinations for leisure and business travelers, they are likewise becoming a preferred destination for hotel investors.
320-acre Airport City College Park project moves forward
Following the City Council decision May 7, attorneys for the city and AAC Group are drafting a contract.
Indianapolis developer breaks ground on North Hyde Park townhouses (Renderings)
A townhouse project first proposed in North Hyde Park in 2015 is officially under construction — with a new developer.
Onyx & East, based in Indianapolis, acquired the 1.3-acre site at 405 N. Oregon Ave. from Tampa entrepreneurs Renier and Michelle Gobea, who first proposed the project in September 2015. Onyx & East paid the Gobeas $2.8 million for the site; the Gobeas had paid $1.65 million for the land, purchased from the New Salem Missionary Baptist Church, in 2015.
The development has changed…