Florida
Kayne Anderson Overachieves by Raising $2.75B for Opportunistic Equity Fund
Boca Raton-based Kayne Anderson Real Estate, the real estate private equity arm of Kayne Anderson Capital Advisors, L.P., has closed its… Read more
$3M: Going Price for West Palm Beach Single-Tenant MOB
SRS Real Estate Partners’ National Net Lease Group has completed the $2.9-million off-market sale of a single-tenant medical office property… Read more
FL Panhandle Multifamily Sells for Record-Setting $360,000 per Unit
Capital Square 1031 has acquired The Residences at 393 North apartment community in Santa Rosa Beach, FL, for $46 million.… Read more
Blackstone Adds $2.8B of Industrial in Cabot Properties Deal
Two vehicles affiliated with Blackstone Real Estate have acquired $2.8 billion of institutional-quality logistics assets from Cabot Properties, Inc. in… Read more
BBG Expands FL Presence with Acquisition of Tampa’s Trigg, Catlett & Associates
The valuation and assessment commercial real estate services company BBG has acquired Tampa-based appraisal firm Trigg, Catlett & Associates. Terms… Read more
Jacksonville Three-Property, 842-Unit Multifamily Portfolio Sells for $96M
New York-based Cyclone Investment Group, in a joint venture with Skywood Properties, has purchased a three-property multifamily portfolio totaling 842… Read more
Apartment Rent Growth Accelerates Year Over Year
Led by metro areas in Florida and the Pacific Northwest, average monthly apartment rents increased 13% nationwide over the past… Read more
15K-SF Tampa Office Receives 34 Offers, Sells Above Asking
Ciminelli Real Estate Services has sold Bay Lake Center, a 15,155-square-foot office building located along Dale Mabry Highway in the… Read more
JV to Develop $85M Residential Community on North Miami Waterfront
Billionaire real estate mogul Teddy Sagi, Related Group and BH Group are planning a $85-million redevelopment of a waterfront site… Read more
CVS Health to Invest $8 Million in Affordable Housing in Tampa
Woonsocket, RI-based CVS Health will invest $7.7 million with Raymond James Tax Credits Funds to build a 61-unit multifamily in Tampa. The investment… Read more
Harrison Street Adds Six-State Self-Storage Portfolio
Chicago-based Harrison Street has acquired a portfolio of 26 self-storage properties comprised of nearly 2.7 million rentable square feet and 18,765 units across… Read more
Lease Prompts Miami Mayor to Declare City as “Capitol of Capital”
Cushman & Wakefield has arranged a new long-term lease for a 24,000-square-foot space in 701 Brickell with Apollo Capital Management,… Read more
The Channel Club Apartment Tower in Tampa Changes Ownership for $136M
The Channel Club, a 22-story apartment community in Tampa, FL, has exchanged ownership for $136 million. The seller of the… Read more
Aries Arranges JV Equity for Multifamily at Milwaukee-Area MXU
Aries Capital arranged $21,875,000 of joint-venture equity on behalf of Cypress Equities for The Bayshore Residences, a $73,000,000, 311-unit luxury multifamily development located within… Read more
Full-Service Marina in FL Panhandle Slips into New Ownership
SVN Marinas has advised the owners of Emerald Coast Marine Group on the sale of Emerald Coast Marine Center, full-service… Read more
3650 REIT Adds $575M in Commitments to Now $1.35B BED Platform
Miami-based 3650 REIT has closed $575 million in institutional capital commitments to its bridge- and event-driven investment vehicle. The commitments… Read more
SFR Demand and CMBS Issuance Rise in Tandem
History is repeating itself, with a twist, when it comes to the single-family rental (SFR) sector and its subset, build-for-rent (BFR). The twist here is that… Read more
CRE Investors May Be Underestimating the Impact of Insurance Costs
Homeowners won’t be surprised to see insurance premiums go up following a year of natural disasters and the collapse of the condominium tower in… Read more
Pendry Tampa — Contemporary Hotel and Residence Combo — To Debut in 2024
Pendry Hotels & Resorts has partnered with Two Roads Development to create Pendry Tampa, a hotel and residential development in… Read more