Tampa Bay's top real estate deals of 2024 generated over $1 billion [Yahoo! Finance]
Prudential Financial, Inc. (PRU)
Last prudential financial, inc. earnings: 2/4 04:18 pm
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Source: Yahoo! Finance
That's a modest decrease from 2023 , but a significant cool down compared to 2022, when low interest rates fueled a buying frenzy. This year multifamily properties dominated the list. Several of the top selling apartments were clustered in the Tampa Palms neighborhood just north of the University of South Florida and other more suburban areas. This is likely because more renters began to move out of the urban core during the pandemic, Zach Nolan, a managing director for JLL Capital Markets said in a statement. "Developers capitalized on this trend by building in these submarkets, where rent growth was outperforming,“ he said. ”The projects that kicked off at that time have now been built and leased, becoming profitable ventures for developers and their capital partners, who have now started to harvest those profits." Though office sales have been sluggish as companies navigate the new realities of working from home, the No. 1 sale of 2024 was a well-known downtown office tower
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PRU
Earnings
- 10/30/24 - Beat
PRU
Sec Filings
- 12/26/24 - Form 424B2
- 12/17/24 - Form 424B2
- 12/16/24 - Form 4
- PRU's page on the SEC website