Florida & Gulf Coast

McDowell Housing Partners closed on a construction loan and started work on Ekos at Bayonet Point II, the second phase of a three-phase master-planned community that will bring 360 affordable homes to Pasco County. The $38.9 million development will add 120 age-restricted apartments at 7526 McDowell Way in Hudson, one block from HCA Florida Bayonet …

Florida Tech has opened the doors of a six-story, 556-bed student housing complex on the Melbourne campus. It was funded through $96.1 million in municipal bond financing. Dubbed Crimson Crossing, it was built using a Public-Private Partnership (P3) model with Servitas Development. It took 15 months to build. The majority of the apartment-style units in the complex will be four-bedroom, …

Morgan Stanley Investment Management, through investment funds managed by Morgan Stanley Real Estate Investing (MSREI), acquired a Class A seniors housing portfolio located in the Orlando and Tampa metropolitan areas. The portfolio includes two communities comprising 300 independent living, assisted living and memory care units serving residents in Central Florida. The portfolio comprises the 193-unit …

Newmark arranged $215.8 million in bridge refinancing for Waypoint Residential’s five-property, 1,274-unit multifamily portfolio spanning key markets throughout Florida.  Newmark’s Matthew Williams and Rob Wright secured the construction takeout bridge financing through Benefit Street Partners, with support from James Maynard and Kyle Schlitt.  The portfolio comprises five newly constructed, luxury garden-style multifamily communities in Vero …

Mast Capital and Rockpoint obtained $44 million in refinancing for The Harlow, a 248-unit, Class A, garden-style multifamily community in Wesley Chapel, Florida.  Berkadia’s Mitch Sinberg, Scott Wadler, Matthew Robbins, Brad Williamson, and Bryan Brown of Berkadia’s Miami and Boca Raton offices arranged the financing on behalf of the joint venture.  Walton Street Capital provided …

Benderson Development acquired three retail properties on the Gulf Coast, totaling 400,000 square feet. The company paid $36.91 million for the three properties. The first acquisition is Granada Plaza, a Publix-anchored retail center located in the Tampa suburb of Dunedin at the intersection of Main Street and Keene Road. The second acquisition is Venice Market …

Baptist Health paid $65 million for the Southbank Medical Pavilion, a 493,000-square-foot healthcare asset at 841 Prudential Drive in downtown Jacksonville. ShareMD was the seller. Transwestern represented ShareMD in the disposition to Baptist Health. The 22-story Southbank Medical Pavilion is 94% leased and situated on 7.9 acres along the Southbank of the St. Johns River. …

Bank of America paid $155 million for five buildings and two parking garages that it had been leasing at its Southside Boulevard operations center campus. The banking giant acquired the property from Ladder Capital of New York City. Bank of America bought about 820,000 square feet of space spanning Buildings 200, 300, 400, 500 and …

Pinnacle secured $40.2 million in financing to develop a new mixed-use, affordable senior housing community in Fort Lauderdale. The financing will support Pinnacle at Cypress Phase I, the first of a two-phase development that will combine senior housing with ground-floor commercial space. Located at 6520 North Andrews Avenue in Fort Lauderdale, Pinnacle at Cypress Phase …

Newmark has arranged $172.5 million in C-PACE construction financing on behalf of Shoma Group for Shoma Bay, a landmark mixed-use waterfront development in North Bay Village, Florida. Located at 1850 John F. Kennedy Causeway, the 24-story development will comprise 333 luxury condominium residences and a retail component anchored by a new 36,000-square-foot Publix Super Market. …