Suncoast Real Estate on the Gulf Coast of Florida
Recent Blog Posts
- What do YOU think will happen in Ferguson, MO?
- Ironman Mont-Tremblant Live Results 2014 – #IMMT
- The Sexiest Small Cities in the U.S.
- Are you ready for some Football…fantasy?
- Is Real Estate Headed For Another Plunge?
- My friends ‘Kiwi’ & Chris and their ‘Lazybunz’ product featured in the Business Observer!
- Congratulations on winning the auction to purchase Desoto Square Mall — By the way, Macy’s (132,000 Square Feet) is leaving. Have a great day!
- Costs soar, start delayed on I-75 Diverging Diamond University Parkway exit
- Developer plans high-rise on historic property in Downtown Sarasota wp.me/p4txfp-3n #sarasota #newconstruction #srq #downtownSD 24 minutes ago
- Rising Construction Costs Versus Interest Rates: Both Hurt, But In Different Ways wp.me/p4txfp-3m #newconstruction #thefedSD 6 hours ago
- Marcus & Millichap Brokers Largo Multifamily Sale wp.me/p4txfp-3l #seandreznin #NAI #tampa #SWFL #Apartments #Multifamily #SeansellsSD 1 day ago
- Waiting for a Sign About Interest Rates at Jackson Hole wp.me/p4txfp-3k #interestrates #constructioncosts #floridaSD 1 day ago
- RT @HuffingtonPost: Lone man stands up to crowd of looters in Ferguson huff.to/1BB5p3jSD 1 day ago
Ironman Mont-Tremblant Live Results 2014 – #IMMT
CLICK HERE <—-===== For link to results
The Sexiest Small Cities in the U.S.
Laura Allan via Movoto
If someone mentions the word “sexy,” what cities do you think of? Las Vegas, maybe. San Francisco with its Folsom street Fair. Or perhaps you think ofNew York City and its chic and often revealing fashions.
Basically, you think of big cities. Instead, imagine someone asked you to think of sexy small cities.
Not so easy, is it? Well, the Movoto Real Estate Blog is here to help you out, and we’ve made a list of the 10 hottest and sexiest small cities out there. These spicy little spots were:
Some of these might not be much of a surprise, and seeing so much Florida on there is probably to be expected. But how exactly did we determine what makes a place sexy?
Math might not be the most sultry subject, but we think it’s pretty hot, and we’ll talk about it in the very next section.
If you can’t stand the anticipation, you can scroll to the bottom of the article and take a look at the 50 sexiest small cities. We won’t hold it against you.
How We Created This Ranking
We’ve been around the block a few times when it comes to rankings, but let’s go over our methodology for all you Big Deal List virgins.
First, we made a list of small cities with populations between 50,000 and 60,000, which gave us 140 places. Then, we collected data from the U.S. Census (2010) and business listings in seven sexy criteria:
- Nightlife per capita (bars, clubs, comedy, etc.)
- Lingerie stores per capita
- Adult stores per capita (novelties, videos, etc.)
- Adult entertainment per capita (strip clubs, burlesque, use your imagination…)
- Massage parlors per capita (hey, it can be a sensual experience)
- Hotels per capita
- Average summer temperature (hotter means fewer clothes *wink*)
After that, we ranked each place in each category from one to 140, with numbers closer to one being sexier. Then, we averaged each places’ rankings into one Big Deal Score, with lower scores being better.
The place with the lowest Big Deal Score became our sexiest small city, which ended up being Sarasota, FL.
Let’s take a look at each of our top 10, and why exactly they ranked where they did. Be forewarned: some of these details might get you a little hot under the collar.
1. Sarasota, FL
Source: Flickr user doubleuely
Sarasota blew away the competition with the first place ranking in hotels and nightlife. We guess if you meet someone special at a club one night, it’s not too hard to find a nearby hotel room at the spur of the moment?
Of course, that wasn’t the only area in which Sarasota flashed a little skin. Not a single ranking across the board was below ninth, which means if you like adult entertainment, lingerie, or some sensual massage, you can find it here.
If you’ need any inspiration with finding the right outfit, you can grab something from one of the No. 3 ranked lingerie stores, like Intimate Ideas. The average summer temperatures here are also very high, which means swimsuit weather is a regular thing.
For complete article, CLICK HERE <—–=====
Are you ready for some Football…fantasy?
Is Real Estate Headed For Another Plunge?
By Matthew Frankel via Motley Fool
Traditionally, the summer months are the peak time of year for home sales. With children off from school, it’s easier for families to house hunt, pack up, and move, without disrupting their lives too much. In fact, about 50% of all home sales occur during the summer months, according to Realtor.com.
If this is the case, than why are sales of new homes plummeting? Inventories of new houses are up, but sales are dropping at double-digit percentages from the same time last year. Maybe the real estate market recovered too far, too fast, and now it’s due for a pullback.
The data doesn’t look good
Home sales are down pretty much across the board. New home sales suffered the worst, with sales down 8.1% from May’s numbers, and far off from what economists had expected. In June, new homes sold at an annual pace of about 406,000, or more than 15% less than the 480,000 pace that was expected.
While new home sales are a relatively small part of the market, the bad news doesn’t stop there. Pending home sales, which are an excellent short-term forward indicator, fell 1.1% in June and are 7.3% less than they were a year ago. In other words, just as the summer heats up, sales are actually falling. This should be very disturbing news for real estate professionals as we head in to the “peak” selling season.
And finally, mortgage applications dropped 2.2% in last week alone. While a lot of this is due to a drop in refinancing activity, mortgage applications to purchase homes barely moved, rising just 0.2%. This is simply an anemic pace for this time of year, especially considering the damper put on sales activity by the harsher-than-normal winter.
A combination of factors
So, where have the buyers gone? Why is this summer not seeing the selling activity you might expect?
Well, for starters, houses are a lot more expensive this year. Since hitting bottom in early 2012, the average home value in the U.S. has increased by 27%. And just since last year at this time, home values have risen by nearly 9%.
While homes have gotten much more expensive since the financial crisis, people aren’t making a whole lot more money. The latest data shows just 2% wage growth over the past year, virtually identical with the rate of inflation. And the rate has been stuck between 1.5% and 2.25% since the end of the crisis.
The combination of higher prices and slow wage growth has simply made homes much less affordable to millions of people.
For complete article, CLICK HERE <——======</strong>
My friends ‘Kiwi’ & Chris and their ‘Lazybunz’ product featured in the Business Observer!
‘Shoot for the Top’
By: Mark Gordon | Deputy Managing Editor
It’s tough to call Craig Rapihana lazy, given he competes in triathlons, played professional rugby in England and built a 32-employee construction business in Colorado.
It’s only his business that’s lazy.
Lazy Bunz, that is. The Sarasota-based company sells a foam-based recreational water float-seat, shaped like a saddle, that it calls a safe, simple and comfortable alternative to a life jacket. It’s hands-free, and allows a user to say upright in the water with feet floating.
“This is perfect for the boat,” says Rapihana. “We are giving people a product they love.”
That love goes deep: Sales have grown exponentially since Rapihana and his business partner, Sarasota financial adviser Chris Juall, launched the business in early 2013. Rapihana projects Lazy Bunz will surpass $500,000 in 2014 revenues. Rapihana currently works out of his car and home office, but he seeks a warehouse/office flex space in Sarasota to handle the growth.
Lazy Bunz are sold online and in several marine-themed retail stores, including 70 West Marine locations nationwide. It costs $40 for the base version, which comes Bahama Blue, Kiwi Green and Caribbean Coral. A model with a college logo of the University of Florida, Florida State or the University of Miami costs $45.
For complete article, CLICK HERE <—-==== Do it. Don’t be LAZY!!
Congratulations on winning the auction to purchase Desoto Square Mall — By the way, Macy’s (132,000 Square Feet) is leaving. Have a great day!
By Charles Schelle via Bradenton Herald
Macy’s will be leaving the DeSoto Square mall in favor of its new store set to open in October at the Mall at University Town Center.
Employees at the Bradenton store were informed Thursday morning, said Melissa Goff, a spokeswoman for Macy’s.
Macy’s is opening a 160,000-square-foot store to anchor the Mall at University Town Center, opening Oct. 16.
Macy’s closure could cause other stores to close thanks to co-tenancy clauses.
These clauses are specific and present various scenarios for why a tenant could end their lease early, sometimes with paying a termination fee. In one case with Victoria’s Secret, if the mall’s occupancy drops to 70 percent or less of gross leasable area, it can exercise the right to leave. Also, if the mall has fewer than three anchors, the store could leave, according to its lease. With Macy’s leaving, this could trigger tenants to depart much like Old Navy, FootLocker and others who left after Dillard’s announced its closure in 2009.
The Victoria’s Secret lease also said the mall could not have certain tenants like Walmart, Bass Pro, Home Depot, Big Lots, car rental businesses, an appliance store in a big box anchor, or else it would leave.
If that worse-case scenario occurs, the mall could be mostly empty in two to three years.
If a new owner decides to redevelop the property, they would have the easiest time dealing with tenants for a plan in 2016 and 2017.
More than 40 leases for stores and kiosks have their first expiration in 2016, after 13 leases expire in 2015, including the Dollar Movie theater. A couple of those expiring leases include continued payments from tenants who left the mall early.
To read the complete story CLICK HERE <—-====
Did anyone see this coming? Substantially increased costs and delayed start dates?? How about assurance that Benderson Development is responsible for the majority of the cost and construction. I have no doubt the mall will be on time and budget.
Costs soar, start delayed on I-75 Diverging Diamond University Parkway exit
By Dale White via Herald Tribune
Costs for construction of a diverging diamond interchange at Interstate 75 and University Parkway has risen 20 percent above initial estimates and the estimated start of the project has been pushed back from early 2015 to August of next year.
State and local officials are under criticism for not tackling the intersection’s woes sooner.
Traffic congestion there is likely to worsen before it gets better. The Mall at University Town Center, also at the southwest corner of the interchange, is to open in October. Thousands of more homes are planned for Lakewood Ranch, which spans Manatee and Sarasota counties east of the interchange. And the reconstruction work itself, largely in the footprint of the existing interchange, will causes back-ups and delays.
Officials are counting on the project being completed before the 2017 World Rowing Championships at nearby Nathan Benderson Park.
That gives the FDOT and the contractor it selects two years to get the diverging diamond, a first in Florida, completed.
The projected $60 million tab is now up to $72 million as the Florida Department of Transportation adds costs such as additional earthwork, a 5,365-foot-long wall to muffle traffic noise along some residential areas along I-75 and other adjustments.
For more good news and the complete article, CLICK HERE <—–======
Zillow to Acquire Trulia for $3.5 Billion in Stock
By Jing Cao and Pui-Wing Tam via Bloomberg
Zillow Inc. (Z) agreed to purchase Trulia Inc. (TRLA) for $3.5 billion in an all-stock deal that is designed to make the combined entity the largest in online real estate advertising.
The deal positions a unified Zillow and Trulia to capture a larger share of digital real estate ads as more people shift house hunting onto the Web and property agents deploy more marketing dollars onto the Internet. While there are other real estate websites such as Move Inc. and Redfin Corp. that are growing, Zillow and Trulia are the top two most-visited property sites in the U.S. tracked by ComScore Inc.
Trulia shareholders will receive 0.444 shares of Zillow foreach share of Trulia, the… Read More
A combination makes sense as Zillow and Trulia are the two biggest companies in the online real estate market and have “virtually identical” business models, Tom White, an analyst at Macquarie Capital USA, said last week. “This could pave the way to these companies becoming more profitable more quickly.”
Second house razed for Tampa Bay Lightning & Channelside owner, Jeff Vinik’s new estate
by Harold Bubil , Herald-Tribune
Tampa Bay Lightning owner Jeff Vinik and his wife — fresh off a victory in acquiring the Channelside property in Tampa — have taken the first significant steps to develop a grand residence on St. Armands Key that could have dramatic views of downtown Sarasota.
To that end, demolition has begun on a 64-year-old house at 132 N. Washington Drive that the Viniks bought in May for $3.5 million.
That deal followed the 2013 acquisition by Vinik and his wife, Penny, of a 12-year-old house next door, at 112 N. Washington Drive. The couple paid $4.25 million for it before tearing it down.
Taken together, the two houses measured 9,200 square feet.
The Viniks plan to replace those residences with one that will cost $3.6 million to build, according to a City of Sarasota building permit.
To view a unique property for sale on Golden Gate Point in sarasota, CLICK HERE <—-=====
For complete article and others by Mr. Bubil, CLICK HERE <—–======