Melbourne
Space Coast Office Portfolio Sells for $35M
Colliers brokered the sale of a five-property office and mixed-use investment portfolio totaling over 294,000 square feet in Melbourne, FL,… Read more
Amazon Adding 112K-SF Warehouse to Orlando-Area Holdings
Amazon plans to build a 112,000 square foot warehouse in Brevard County, on Florida’s Space Coast. It’s appropriate, then, that the… Read more
Aldi Opening Three Orlando-Area Stores
Aldi is preparing to open new stores in the Orlando area, stores that will go in where Winn-Dixie and Harveys Supermarkets… Read more
Space Coast Apartments Trade for $37.7M
Carter Multifamily has acquired Mode at Melbourne, a 166-unit garden-style multifamily community in Melbourne, Fla., for $37.7 million. Completed in… 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
Madison Obtains Loan, Equity for Melbourne Apartments
Madison Capital Group closed a $33.5 million loan from First Citizens Bank, brokered by Berkadia, along with a $15.3 million preferred… Read more
Forge, Sembler Trades Melbourne Retail Center
Forge Capital Partners and The Sembler Company have sold the Causeway Shopping Center in Melbourne to a private California-based real… Read more
Driftwood Debuts Hilton-Branded Hotel in Melbourne
Driftwood Capital has opened the Element by Westin Melbourne Oceanfront, a 130-key hotel in Melbourne, Florida. Driftwood Hospitality Management (“DHM”) will… Read more
Steward Health Care Declares Bankruptcy, to Sell 8 Florida Hospitals
Steward Health Care System LLC has filed for Chapter 11 bankruptcy protection and will sell off its Florida hospitals. Steward… Read more
Melbourne Retail Project Revving Up
The Barclay Group has obtained a $30 million construction loan for a new retail development in Melbourne. Longline Financial provided… Read more
IPA Secures Buyer, Seller and Financing for Melbourne Apartment Deal
Institutional Property Advisors (IPA) secured both the sale and acquisition financing of Caribbean Isle Apartments, a 376-unit multifamily property in Melbourne,… Read more
Red Oak Provides Bridge Loan on Space Coast Industrial
Red Oak Capital Holdings, a Grand Rapids, MI-based commercial real estate finance company, has provided $10.18 million in bridge financing for a… Read more
Basis Industrial Lands $32M, Seven-Property Portfolio on the Space Coast
Miami, FL-based Basis Industrial has completed the $31.7-million purchase of a seven-property portfolio on Florida’s Space Coast. The newly acquired… Read more
Nella Invest Pays $59M for 11-Story Hotel Melby in Melbourne
Nella Invest, LLC, has acquired Hotel Melby, Tapestry Collection by Hilton, in Melbourne, FL for $59 million ($327,778 per key).… Read more
Air Taxi Service Will Undergo First North American Test in Chicago
Eve Holding, Inc. will conduct its first North American urban air mobility simulation in Chicago next month. It will use… Read more
JLL Forges Development and Management Partnership with Poag Shopping Centers
JLL has entered into a mixed-use development and management strategic partnership with Poag Shopping Centers. Poag will provide development and redevelopment services for JLL-managed… Read more
Franklin Street Arranges $34M Sale of Melbourne Multifamily Property
Franklin Street has arranged the sale of Paradise Cay Apartments, a 197-unit multifamily property in Melbourne, FL for $34 million… Read more