June 18, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Gulf West Investment Properties, Inc. (OTC: GLFW) said it has purchased 20 acres already zoned and permitted for 105 units in North Tampa, Florida. The firm said it plans to build an average 2,100 square foot house and sell it in the low 200's.

Florida-based Gulf West Investment Properties is a real estate development and investment company.

The company develops new projects and redesigns old ones.

GLFW said it plans to take advantage of reduced construction and labor costs and lower prices due to increased inventory over the next twelve months.

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