Florida
Black Swan Events—Could they Impact Fed Cuts and CRE?
On September 19, the Federal Reserve lowered the Effective Federal Funds Rate by 50 basis points. Then, economic concerns began.… Read more
U.S. Apartment Rents Eke Out Annual Growth in September
The typical U.S. asking rent ticked up 0.6% year over year in September to $1,634, with several East Coast and… Read more
Aimco Jettisons Two Miami Apartment Investments for $204M
Apartment Investment and Management Company (“Aimco”) has agreed to sell its interest in two real estate investments in the Edgewater… Read more
ROI Obtains $73M Refi for Jax Apartments
Berkadia arranged the financing of two Jacksonville apartments. The refinancing, which amounted to $73 million for both multifamily properties, was… Read more
Sonida Adds 2 Atlanta-Area Sr. Housing Assets
Sonida Senior Living Inc. paid $29 million for two senior living communities in the Atlanta area. The sale totals 178… Read more
UCLA Anderson: Subpar 2024 Growth in CA, Followed by 2025-26 Acceleration
California will experience a full year of subpar economic growth in 2024, followed by two years of growth rates higher… Read more
Doral Investor Eyeing Apartments in Office Parking Lot
Banyan Street Capital wants to build two apartment buildings in an office parking lot it owns, but it needs approval… Read more
Nominate a Leading CRE Attorney for Connect CRE’s 2024 Lawyers in Real Estate Awards
For the fifth year in a row, Connect CRE has opened nominations for our annual Lawyers in Real Estate Awards.… Read more
Brickell Offices Flip for $443M
Nuveen unloaded a high-profile Miami financial district office building for $443 million. Morning Calm Management was the buyer. JLL’s Capital… Read more
Principal Pays $54.6M for Kissimmee Cold Storage Facility
An investor duo of InLight Real Estate Partners and Black Salmon Capital has sold off the Osceola Logistics Center in… Read more
Hillwood Obtains $61.3M Refi on Jax Logistics Building
CBRE has facilitated a $61.3 million loan for Florida Gateway Logistics Park – Building 800, a fully leased and newly… Read more
Sunrise Okays 100-Bed, $500M Hospital
Baptist Health South Florida has received plan approval from the city of Sunrise to build a 100-bed, $500 million hospital.… Read more
Berkadia Arranges Refi for Ocoee Apartments
Berkadia secured the financing for Advenir at the Oaks, a 408-unit garden-style multifamily property in Orlando’s Ocoee submarket. Charles J.… Read more
Tampa-Area Investor Secures BTR Construction Loan
Agador Spartacus Development has obtained a $32 million construction loan for Magnolia at Spring Hill, a 162-unit built-to-rent project in Spring… Read more
Berkadia Arranges Loan for Orlando-Area BTR Purchase
Berkadia arranged acquisition financing for Cedar Ridge at Forest Lake, a new build-to-rent (BTR) community consisting of 70 single-family homes… Read more
Doral Warehouse Part of $160M Portfolio Sale
Northwood Investors acquired a distribution warehouse in Doral for $46.5 million as part of a three-building portfolio deal. UBS Realty… Read more
Developer Duo Inks $72.7M Construction Loan for Gulf Coast Apartments
Walker & Dunlop has arranged $72.7 million in construction loan proceeds for Vintage Lake Powell, a 289-unit, Class A, mixed-use apartment complex in Panama… Read more
Thompson Thrift Launches 7th MF Development Partnership
Thompson Thrift announced the launch of Thompson Thrift 2025 Multifamily Development, LP. The offering seeks to raise $230 million in… Read more