Florida
U.S. Multifamily Permits Down Nearly 30% from Pandemic Levels
Builders obtained permits to construct 13 multifamily housing units for every 10,000 people in the U.S. year to date, down… Read more
Stephen Ross Stepping Down as Related Cos. Chairman
Stephen Ross, who founded Related Cos. as an affordable housing developer, is stepping down as chairman of the company he… Read more
Aviation Company Building $67M Miami Aircraft Facility
While the contract is still pending, Ocean Aviation plans to invest $67 million in a new private aircraft facility and… Read more
Macy’s Pinecrest Showroom Acquired by University of Miami
The University of Miami purchased the Macy’s furniture and mattress store in Pinecrest for $40 million. The expectation is the private university… Read more
Boston Leads Return-to-Office Growth in June
Boston leads the U.S. in year-over-year growth for workers returning to the office, with a 10.3 percentage point increase, according… Read more
Duo to Build 3,000 Beds for USF Student Housing
Core Spaces and RD Management are partnering to bring multiple new mixed-use residential projects to Rithm, in Tampa’s Uptown District.… Read more
CMC Lands $69.9M Refi for Coral Gables Development
CMC Group has secured a $69.9 million loan from City National Bank of Florida (CNB) for the refinancing of 4000… Read more
Investcorp Acquires UT Student Housing Property
Investcorp has acquired a student housing property at the University of Texas at Austin, one of two the company recently… Read more
Tampa’s Largest Office Building Changes Hands
Tampa’s first regional shopping mall turned office complex in Hillsborough County has changed hands. NetPark Tampa Bay, a two-story office… Read more
S. Florida Rental Asset Trades for $111.6M
The Milestone Group (Milestone) announces its acquisition of the Axis Delray Beach Apartments, a 488-unit, garden-style multifamily community located at 1495 Spring… Read more
Chicago-Based Pine Tree Acquires Cincinnati Retail Center for $80M
Pine Tree, a Chicago-based commercial real estate firm, has purchased the 460,893-square-foot Kenwood Square shopping center in Cincinnati, Ohio, for… Read more
DC Waldorf Astoria Slated for Foreclosure Sale Again
The Waldorf Astoria in Washington, D.C. is set for auction on August 5, following a canceled sale last month. Alex… Read more
TN Warehouse Facility Sells for $26.4M
The Smyrna Distribution Center in Smyrna, TN, sold for $26.4 million. The sale represents a 35% increase from the property’s… Read more
Starwood Trades Orlando Rental Asset for $100M
Brookfield Properties has acquired an apartment community in Orlando for $100.6 million. Brookfield purchased the property from Starwood. The apartments,… Read more
Atlantic Beach Resort Acquired for $87M
Ashford Hospitality Trust (AHT) closed on the sale of the 193-room One Ocean Resort in Atlantic Beach, Florida. Aspect Real… Read more
Jax Arts & Innovation Hub Developer Scores Incentive Package
A Miami developer is defining its Jacksonville project as regenerative placemaking. The developer, Future of Cities (FoC), has received a… Read more
JP Morgan Obtains $147.7M Refi for Wynwood Highrise
J.P. Morgan Asset Management has obtained nearly $148 million to refinance Gio Midtown, a 32-story luxury multifamily tower in Midtown… Read more
Developer Duo Eyeing 85-Unit Affordable Housing Venture
A new affordable housing project in San Antonio, employing several funding methods, is under consideration by a duo of multifamily… Read more
Religious Group Pays $133M for Plantation Apartments
A real estate firm sponsored by the Church of Jesus Christ of Latter-day Saints (LDS) acquired the new Ellsworth apartment… Read more