Florida & Gulf Coast

Hedrick Brothers Development secured a $56.5 million construction loan for The Hedrick at Lake Toho, a 366-unit luxury multifamily community planned along Toho Grande Boulevard in Kissimmee.   Located on approximately 21.7 acres, The Hedrick at Lake Toho will feature a mix of one-, two- and three-bedroom residences. Initial leasing is expected at the end of …

Avison Young arranged the sale of Maitland 200, a 207,000-square-foot four-story atrium-style class A office building located at 2301 Maitland Center Parkway in the Maitland submarket of Orlando, Florida, for $17.8 million. Brookwood Financial Partners was the seller. Avison Young’s Michael T. Fay, David Duckworth, John K. Crotty, Brian C. de la Fé, Greg Morrison …

Focus and Bradford Allen closed on a $135 million construction loan to fund development of 275 5th Street in downtown St. Petersburg. Affinius Capital originated the loan. The 24-story, Class A multifamily property will feature 373 apartments and 6,384 square feet of retail. 275 5th Street will feature a mix of junior one-bedroom, one-bedroom, and …

Link Logistics has selected Cushman & Wakefield to lead leasing for a 955,000-square-foot portfolio of six industrial buildings located at 1212 N. 50th St. in Tampa, Fla. Cushman & Wakefield’s Lisa Ross, Trey Carswell, Sam Korolos and Melissa Watterworth will lead leasing efforts on behalf of Link Logistics. Situated in the East Tampa submarket, the …

St. Johns County issued permits totaling more than $26.5 million to Benco Construction, the builder for Madison Capital Group’s latest apartment venture. The Jacksonville Business Journal reports construction at the site on 875 State Road 16 is expected to take between 20 to 24 months for the $60 million project. Named Madison Seagrass, the 234-unit multifamily …

Gateway Jax is spending $50 million to transform the former Ambassador Hotel building into a new hotel concept. Founded in 2022, Gateway Jax was created in partnership with JWB Real Estate Capital and DLP Capital. Gateway Jax’s $2+ billion development pipeline spans 25 city blocks of mixed-use development in the Urban Core of Downtown Jacksonville …

LCOR has begun work on Edgewater-area apartments after securing a $192.5 million construction loan. Natixis provided the loan to LCOR. It covers the 1.08-acre site at 1775 Biscayne Blvd. Coastal Construction started work on the project. The project is designed by ODP Architecture The South Florida Business Journal reports the developer purchased the Edgewater property for $49 …

Miami-Dade County is auctioning off the iconic Historic Dade County Courthouse, located at 73 W. Flagler Street in the heart of Downtown Miami. Launching online from July 1 through July 31, 2026, the GovDeals.com auction will likely allow bidders the opportunity to reimagine one of the area’s legendary landmarks. The 28-story vacant courthouse, which is listed on …