Florida
PNC Plans to Double Tampa Bay Footprint
While a number of retail banks have closed neighborhood banking centers due to the increase in Internet banking, PNC plans… Read more
Kissimmee Apartment Developer Obtains $42.5M Refi
ZMR Capital obtained a $42.5 million bridge loan for a Kissimmee apartment complex. Nuveen Real Estate provided a three-year, floating-rate… Read more
Tampa Mall Owner Buys Macy’s Store
WestShore Plaza owners acquired the Macy’s department store that anchors the mall. WPG paid $10 million for the department store. The 235,198-square-foot… Read more
Investor Duo Inks $171.4M Refi on SE Retail Portfolio
CBRE arranged a $171.4 million loan to refinance the “Southeast Grocery-Anchored Portfolio,” which includes eight properties located throughout Tennessee, Kentucky,… Read more
Jax Port Industrial Properties Turn Over
Investment firm Stonepeak acquired nine logistics properties totaling 1.8 million square feet near the Port of Jacksonville. JLL served as… Read more
49-Story Condo Tower Project Okayed by St. Pete Review Agency
A St. Petersburg planning agency has greenlighted the 49-story Waldorf Astoria condo tower. The $225 million project will deliver 164… Read more
Avanti Buys 200-Unit Apartment Venture
Avanti Residential purchased The Avery at 1000 Avery Village Loop, near the Valencia College Campus in Orlando. Avanti paid $50.5… Read more
USC Casden Forecast Calls for SoCal Rent Increases to Continue
This year’s University of Southern California Casden Real Estate Economics Forecast predicts rent increases for the next two years throughout… Read more
Estate Cos. Inks Construction Loan for Midtown Development
TD Bank provided a $64M construction loan to The Estate Cos. for a Midtown apartment and commercial development in Homestead.… Read more
Medley Cold Storage Warehouse Trades for $60M
A cold storage warehouse in Medley that’s leased by a food distribution company sold for $60 million. Medley is just… Read more
Abacus Converting Palm Beach Gardens Offices to Apartments
Abacus Capital Group paid $32.5 million for a pair of Palm Beach Gardens office buildings with plans to build an… Read more
Eagle Property Scores $100M Financing for 2 Orlando Projects
Berkadia secured a combined total of over $100 million in financing on behalf of Eagle Property Capital (EPC) for the… Read more
JLL Completes Recapitalization of $725M Senior Housing Portfolio
JLL has arranged the recapitalization of a $725 million, 20-asset seniors housing portfolio spanning the Sunbelt, Northeast and Midwest markets.… Read more
Linkvest, MMG Acquire Homestead Entertainment Center
Linkvest Capital (LV) and MMG Equity Partners acquired Homestead Station, a 4.8-acre mixed-use entertainment center located at 4 South Krome… Read more
MIG Picks Up 3 Broward Co Warehouses for $29M
Berkley Partners sold a three-warehouse business park in Pompano Beach for $29 million. It last sold for $15 million in… Read more
Luxury Builders Complete 457-Unit W. Palm Beach Rental Community
A joint venture between Hyperion Group, Starwood and Winter Properties completed the 23-story Lumaire apartments in West Palm Beach Capital… Read more
OceanLand Obtains $96M Financing for Fort Lauderdale Condos
Southern Realty Trust and affiliate Sunrise Realty Trust committed $90 million of a $96.0 million senior loan for the development… Read more
Repair Work On Tropicana Field’s Roof Underway
One of the enduring memories of Hurricane Milton is the roof getting blown off Tropicana Field in St. Petersburg. Now,… Read more