Real Estate

Why Jeff Vinik is “taking the over” on going back to the office

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Since buying the Tampa Bay Lightning in 2010, Jeff Vinik has looked to transform downtown Tampa.

The NHL team has improved on the ice, winning the 2020 and 2021 Stanley Cups, and he has spearheaded a more than $3.5 billion real estate development.

While Vinik told CNBC’s Diani Olick that he is “no commercial real estate expert” during a CNBC Evolve Livestream on Wednesday, the 56-acre development is putting a big bet on office space with more than 1-million-square-feet of new space and the first office tower to be built in Tampa in over 25 years.

That comes as the commercial real estate market is still trying to find its footing amid the pandemic as employers and workers embraced hybrid and…



Source cnbc.com

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