Florida
Redfin: Median Asking Apartment Rent Tops $2,000 For First Time Ever
The median monthly asking rent in the U.S. surpassed $2,000 for the first time in May, rising 15% year over… Read more
NorthEnd, Motti Schapira Pay $240M for 14-Property FL Multifamily Portfolio
CBRE has arranged the $240-million sale of a 14-property FL-multifamily portfolio totaling two million square feet and 2,384 units. According… Read more
Miami Manager Sells $38M Grocery-Anchored Center in Plantation
Sunrise, FL-based Miami Manager has completed the $38.4-million disposition of Plantation Marketplace, a 230,330-square-foot grocery-anchored shopping center in Plantation, FL.… Read more
Experiential REIT VICI Enters Golf Space in Deal with Cabot
Experiential REIT VICI Properties Inc. has entered into a delayed draw term loan facility for up to $120 million and… Read more
Job Numbers Outpace Housing Permits
The National Association of Realtors and Realtor.com report an ongoing shortage of housing in the United States. A just-released report… Read more
The Confidante Miami Beach Sells for $232M to CA Buyers
Irvine, CA-based Sunstone Hotel Investors, Inc., has acquired the 339-room The Confidante Miami Beach hotel in Miami Beach, FL from… Read more
Westmount Promotes Nick Sands to Managing Director, Southeast Acquisitions
Westmount Realty Capital, LLC, has promoted Nick Sands to managing director of acquisitions in the Southeast. He is based in… Read more
Quinn Residences Quadruples $250M Equity Goal, Triples BFR Portfolio
Atlanta-based Quinn Residences has acquired its first build-for-rent community in TN, The Guild in Chattanooga, along with four additional properties… Read more
$73M Loan Secures Newly Completed Class AAA Multifamily in Orlando
CBRE has arranged a $72.5-million loan for the acquisition of Aventon Alaira, a newly constructed, 296-unit Class AAA apartment community… Read more
City of Miami Earns Nation’s First WELL Health-Safety Rating, Municipal Building Portfolio
The City of Miami has become the first city in the country to earn the WELL Health-Safety Rating for Facility… Read more
Intersect Development Sells Greensboro Industrial Project to BentallGreenOak
Atlanta, GA-based based Intersect Development Group has finalized the sale of its 475,935-square-foot Class A cross-dock logistics facility in the… Read more
Iconic Equities, Leste Real Estate Form JV to Acquire $400M of IOS Facilities
Miami, FL-based Iconic Equities and Leste Real Estate U.S. have formed a joint venture backed by institutional capital to acquire… Read more
Florida Awards $28M for 73-Unit Affordable Housing Community in St. Petersburg
St. Vincent de Paul CARES and Ability Housing, Inc. — operating as a joint venture called Ability SVDP, LLC —… Read more
Greenstone Brokers Trio of Sales in Wicker Park
Greenstone Partners brokered the sale of three properties in the Wicker Park neighborhood on Chicago’s North Side, totaling more than… Read more
Connect Media Bolsters Editorial Team with New Hires
Connect Media, a commercial real estate news, events and creative services agency, has made new additions to its editorial team.… Read more
Embrey to Build Residential Project for DPC’s Packing District Development in Orlando
Embrey has closed on the purchase of a four-acre site in Orlando, FL for the second residential project of a… Read more
$22M Loan Lifts Undulating Mixed-Use Development in South Beach
Banesco USA has completed a construction loan in the amount of $22.3 million for development of a mixed-use project in… Read more
Ashcroft Forges Multifamily Partnership with Goldman, Blackstone Funds
New York City-based multifamily investment firm Ashcroft Capital has closed on a strategic partnership with institutional investors including investment funds… Read more
JV Secures $96M to Start 22-Story Multifamily in West Palm Beach
A joint venture between affiliates of Starwood Capital Group, Hyperion Group and Winter Properties has secured $96.4 million construction financing… Read more