Florida
Elion Partners Elevates Kaylee McCall Correa to Managing Director, Capital Markets
Miami-based Elion Partners has promoted Kaylee McCall Correa to managing director of capital markets. Correa leads the firm’s investor relations… Read more
Trion Properties Acquires Orlando Apartments with $85M Loan from PCCP
PCCP, LLC, has provided an $85 million loan to Trion Properties for the acquisition and renovation of Patterson Court Apartments,… Read more
Zimmer, FSU Partner on Housing Project for Panama City Campus
Zimmer Development Company, LLC, has completed Seminole Landing, 155,833 square-foot, 346-bed student living project at the Florida State University Panama… Read more
Carter Funds Sells FL, NC Multifams for $17M Above 2018 Purchase Price
Tallahassee-based Carter Funds has sold two multifamily communities for a combined $73.3 million, $16.7 more than when the properties were… Read more
RESICAP, Rockpoint Venture Aims to Acquire Additional $2.5B of SFRs
Atlanta, GA-based single-family rental services firm RESICAP and real estate private equity firm Rockpoint Group have committed to a series… Read more
U.S. Industrial Occupancy Posts Largest Annual Growth on Record
The U.S. industrial market set new records across multiple key performance indicators, according to Transwestern’s third quarter U.S. Industrial Market report. More than 540 million… Read more
Sunny Miami-Based Tzadik Spends $24M on SFRs in Chilly SD
Miami, FL-based Tzadik Properties, LLC, has acquired a portfolio of eight single-family, short-term rentals in SD for $4.1 million. The… Read more
Naples Tower Sells Out of Condos to the Tune of $500M
KKR and Gulf Bay Group of Companies have completed the sale of all condominium units in Mystique at Pelican Bay,… Read more
Savannah Multifamily Changes Ownership for $29M
Sterling Bluff, a 216-unit apartment community in Savannah, GA, has been acquired by PIA Residential of Miami, FL, for $29… Read more
Charlotte Office Collateralized for $38M from Rubenstein Mortgage Capital
Rubenstein Mortgage Capital has funded a $37.8-million first mortgage loan collateralized by Esplanade at SouthPark, a 213,324-square-foot, Class-A office building… Read more
Trump International Hotel Pending for $375M, to Become a Waldorf Astoria
The Trump International Hotel in Washington, DC, is under contract for $375 million, according to published reports. The buyer, Miami-based… Read more
New 380-Unit Multifamily in Miramar Goes for $133M
Berkadia has arranged the $133 million sale of LUMA at Miramar, a new 380-unit, garden-style multifamily community located Miramar, FL,… Read more
$500M West Palm Beach Development Stimulates New Investor JV
Avison Young’s Florida Capital Markets Group has secured and structured a joint venture transaction to invest in a transit-oriented, infill,… Read more
Tampa Industrial Park’s $45M Sale Part of EastGroup’s $221M Pending Projects
Jackson, MS-based EastGroup Properties, Inc., is under contract to sell Jetport Commerce Park in Tampa, FL, an 11-building park totaling… Read more
Greystone Provides $14M Loan for Purchase of West Palm Beach Senior Care Campus
Greystone has provide a $13.6-million bridge loan for the acquisition of a 144-bed senior housing campus consisting of assisted living,… Read more
RREAF Holdings LLC Acquires the TransCoastal 21 Multifamily Portfolio
Multifamily continues to show resilience amid the pandemic, and RREAF Holdings LLC capitalized on that resilience with the recent acquisition… Read more
$67M Multifam Sale in Jacksonville Equals 165% Return for Seller Bluerock
Bluerock Value Exchange has sold Beach House, a 228-unit garden-style apartment community located in Jacksonville Beach, FL, for $67.3 million… Read more
Hot Spots! Buyer Plunks Down $18M for Downtown Miami Parking Garage
Berkadia has secured an $18.3 million loan for the acquisition of the SunTrust Parking Garage, an 863-space structure with 7,205… Read more
Naples Beach Hotel & Golf Club Sells; Transformation Begins 2022
JLL’s Hotels and Hospitality Group has closed the sale of the Naples Beach Hotel & Golf Club, a 125-acre beachfront… Read more