Florida
Codina Takes Ownership of Doral’s Palma Tower Pair
Codina Partners closed on a refinancing deal that has made it the sole owner of Palma Tower One, the first… Read more
Massive Miami Residential Project Obtains C-PACE Loan
Naftali Group secured $40 million in C-PACE financing loan for the development of JEM Private Residences in Downtown Miami. The… Read more
Biscayne Corridor Land Site Trades for $70.5M
As part of a legal settlement, Avison Young’s Florida Capital Markets Group completed the $70.5 million sale of Biscayne 85,… Read more
AEW Spends $100M on W. Palm Beach-Area Sr. Living Facility
AEW Capital Management acquired the Wellington Bay senior living facility for $100.13 million. The town is just west of West… Read more
Southbank Developer Greenlighted for RiversEdge Marina
A Jacksonville-area river water planning district okayed a permit for Southbank to build a 125-slip marina at part of the… Read more
St. Pete’s Hotel Zamora Completes $7.5M Upgrade
The Hotel Zamora in St. Pete Beach has reopened after the completion of a $7.5 million renovation, elevating it to a… Read more
Neology Obtains Refi on Allapattah Apartments
Neology Development Group (NDG) closed on a $84.5 million loan from Apollo for The Julia Residences, located in Miami’s Allapattah neighborhood.… Read more
Mast Obtains $390M Construction Loan for Miami Condos
Mast Capital has closed on a $390 million construction loan to build the Perigon Miami Beach, a joint venture with… Read more
Kolter Urban Pays $92.5M for Naples Construction Site
Kolter Urban closed on a 3.07-acre site at 3300 Gulf Shore Blvd. in Naples, Florida, for $92.5 million. Kolter’s Brian… Read more
Sunrise Office Property Unloaded at a Loss
A large office property in Sunrise sold for $36.5 million, nearly $21 million less than it did six years ago.… Read more
Marathon Scores $154.5M Refi of Florida Sr. Housing Portfolio
Marathon Asset Management’s Commercial Real Estate platform originated a $154.5 million mortgage loan to a joint venture between Monarch Alternative… Read more
GAIA Portfolio Now Includes Houston Property
GAIA Real Estate acquired the Virage on Memorial, a 372-unit Class A apartment project in Houston. The purchase price was reported… Read more
Macy’s Announces Florida Store Closures
Last week, ConnectCRE reported on a Macy’s store in Tampa that was purchased and will be repurposed. Macy’s has since… Read more
Miami Marlins Adding Entertainment Venue to Stadium Complex
The Miami Marlins have joined a long list of professional sports teams that have or will develop mixed-use entertainment venues… Read more
Tallahassee Hotel Investor Obtains $38.5M Loan, to Add Rooms
Urban Street Development and Berkadia secured $38.5 million in permanent and construction financing to fund the expansion of the Hotel… Read more
Space Coast Hotel Developer Secures $207M Construction Loan
Driftwood Capital (“Driftwood”) secured a total of $207 million in senior construction financing and Commercial Property Assessed Clean Energy (C-PACE)… Read more
Plantation Office Owner Procures $30.2M Refi
The owner of a 170,172-square-foot office building in Plantation, Florida, obtained a $30.2 million bank loan to refinance Cornerstone I.… Read more