Florida
First 1 Hotel Changes Hands for $600M-plus in South Beach
A controlled affiliate of Starwood Capital Group and LeFrak has sold the 1 Hotel South Beach in Miami Beach to Host Hotels… Read more
Apartment Sales Volume Scales New Annual Peak
Industrial may be the belle of the investment ball, but multifamily hit a new peak in 2018, according to NKF.… Read more
Newly-Built Tucson Marriott Lands $40M Cash-Out Financing
Walker & Dunlop recently structured $40 million in financing for the newly-built AC Marriott in Tucson, AZ. The transaction was a collaboration… Read more
CMBS Opportunity Zone Properties Exceed $65B, So Far
Since the Opportunity Zone program was enacted though the Tax Cuts and Jobs Act of 2017, more than $65 billion… Read more
Alliance Residential Unloads 351-Unit Stella at Riverstone
Owner/developer Alliance Residential sold the 351-unit Stella at Riverstone, a Class A, a new multifamily property in Sugar Land, TX.… Read more
Duke Boosts Miami Industrial Logistics Center Occupancy to 93%
Duke Realty signed a 69,504-square-foot lease with Blue Water Shipping at Miami Industrial Logistics Center (MILC), a three-building, 676,835-square-foot industrial… Read more
Orlando Power Center Trades for $56.4M
Millenia Plaza, a 411,503-square-foot, core, fully-leased regional power center in Orlando has traded hands for $56.4 million. West Palm Beach,… Read more
Investcorp Acquires Eight U.S. MF Assets for $330M
Bahrain-based alternative investment manager Investcorp’s U.S.-based real estate investment team acquired eight new multifamily properties. The 2,510-unit portfolio was purchased… Read more
TruAmerica Multifamily Lands Another Orlando MF
TruAmerica Multifamily acquired Island Club, a 472-unit Class B apartment community in Orlando, FL from the Michaelson Group for $64… Read more
Hunt Finances Acquisition of Jacksonville MF
New York-based Hunt Real Estate Capital provided a Fannie Mae conventional multifamily loan in the amount of $35.6 million to… Read more
Seattle Maintains Top Office Investment Crown in IPA Report
New research by Marcus & Millichap’s Institutional Property Advisors (IPA) division shows the U.S. economy remains structurally positioned for growth… Read more
Transwestern Appoints New Presidents for East, West Regions
Connect Houston is taking place on February 26, 2019. For more information — or to attend — click here. Houston-based… Read more
Emma Capital Adds Two More Indy Apartment Assets
Emma Capital Investments Inc. has acquired two more apartment properties in Indianapolis. The Toronto-based company paid $38.5 million for Courts I, a 148-unit… Read more
Cardone Capital Nabs Sugar Land Luxury Apartment Community
Connect Houston is taking place on February 26, 2019. For more information — or to attend — click here. Stella… Read more
Starwood Capital Adds SVP to Lead Opportunity Zone Program
Starwood Capital Group has hired Anthony Balestrieri as SVP to lead a new Opportunity Zone investment business. He’ll be responsible for identification… Read more
Walden Snags 18-property Southeast MF Portfolio
Atlanta-based Varden Capital Properties divested an 18-property, 1,858-unit portfolio of apartment communities throughout the Southeast. The Walden Group acquired the… Read more
Downtown Fort Lauderdale’s FATCity 1.35M-SF MXU Site Sold
An affiliate of Aventura-based BH3 acquired the 2.8-acre, mixed-use development site known as FATCity in downtown Fort Lauderdale from an… Read more
Apartment Sector Sustains Positive Outlook; Marcus & Millichap Report
Accelerating household formation, underpinned by the tight U.S. labor market, will continue to support apartment rental demand in 2019, predicts… Read more
Two Florida Apartment Communities Sold for $73M
Atlanta-based Centennial Holding Company, LLC acquired a pair of Florida multifamily properties for $72.6 million. The assets include Century Ariva Apartments… Read more