Florida
Bridge Industrial Forges Development JV with CPP Investments
Chicago-based Bridge Industrial and Canada Pension Plan Investment Board (CPP Investments) said Monday they had formed a joint venture to… Read more
Venterra Looks at Population Growth in Purchase of Jacksonville Multifam
Venterra Realty has purchased The Villages at Oakleaf, a 512-unit, multifamily in Jacksonville, FL for an undisclosed price. The property… Read more
STREAM Advises Amerant Bancorp on $135 Million Sale Leaseback of Coral Gables HQ
STREAM Capital Partners has advised Amerant Bancorp, Inc., on the $135-million sale leaseback of its corporate headquarters property in Coral… Read more
NAI Legacy Completes Syndication of $43M DST Portfolio
NAI Legacy has fully subscribed the $42.5-million Essential Net Leased Midwest DST offering. As a sponsor of the DST, Minneapolis-based NAI Legacy helped 50 1031 Exchange investors from 18 states:… Read more
South Korean Hotel Chain Adds Chicago to Its U.S. Map
South Korea-based Lotte Hotels & Resorts has been revealed as the mystery buyer of the Kimpton Hotel Monaco Chicago in the Loop, Crain’s Chicago… Read more
Boutique Residential High-Rise in Miami’s Wynwood Trades Hands
Berkadia has arranged the sale and financing of Wynwood Bay, a 156-unit residential high-rise located in the Wynwood submarket of… Read more
CBRE Closes $75M Mortgage Loan for South Orlando Multifamily
A fund sponsored by CBRE Investment Management has closed on a $74.6 million mortgage loan to facilitate TerraCap Management’s acquisition… Read more
With Emerging Energy Sources Come Emerging Energy Hubs
As renewables and alternative sources grow their share in the mix of total energy production, new real estate hub markets… Read more
Trion Plans Renewal for Carmichael’s ReNew After $46M Buy
ReNew Carmichael, a 197-unit apartment community located in Carmichael, recently sold in an off-market transaction, according to Cushman & Wakefield.… Read more
Franklin Street Arranges $31M Sale of Multifamily Portfolio in Melbourne
Franklin Street has arranged the $30.6 million sale of a 229-unit multifamily portfolio in Melbourne, FL. The firm’s Tampa-based multifamily investment sales team… Read more
Rendina, Astrea Development and PAM Health Celebrate Start of Jupiter Rehab Hospital
Rendina Healthcare Real Estate and Astrea Development have begun construction on a 42-bed licensed inpatient rehabilitation hospital in the Abacoa… Read more
Silverstein Provides FL’s Third Largest Construction Loan for Miami Project
Royal Palm Companies, the developer of Legacy Hotel & Residences in downtown Miami, has closed on a $340-million construction loan… Read more
CushWake Facilitates Highwoods Properties’ Sale of 175K-SF Tampa Office
Cushman & Wakefield has arranged the sale of Preserve V, a 174,883-square-foot Class A office building located in Tampa. Financials… Read more
Berkadia Arranges $355M Sale, $280M Financing for Fort Lauderdale Multifam Portfolio
Aventura-based Cardone Capital has purchased 585 units at San Michele Collection and 387 units at Colonnade Residences, both near Fort… Read more
Shareholders Approve Merger of Independence, Steadfast Multifamily REITs
Steadfast Apartment REIT (STAR) and Independence Realty Trust (IRT) said separately on Monday that shareholders had approved the merger of the two companies. The combination, first announced… Read more
Avanti Residential Buys $92M Artistry Apartments in St. Petersburg
Avanti Residential has acquired Artistry, a 246-unit community in downtown St. Petersburg, for $92 million. Avanti purchased the Class A… Read more
$71M Bridge Loan Supports Student Housing in Orlando’s Creative Village
Berkadia has secured a $70.8-million bridge loan for UnionWest at Creative Village in downtown Orlando. The 640-bed, mixed-use student housing… Read more
Carmel Creek Buy Fits Well with July Residential’s Criteria
July Residential recently acquired Carmel Creek, a 536-unit apartment community in Houston, according to Berkadia. This marks July Residential’s sixth… Read more
NorthMarq Arranges $66M Sale of Multifamily in Tampa Sweet Spot
The Beck at Hidden River, a Class A, 204-unit community, has been purchased by Raia Capital Management for $66.3 million… Read more