Kolter Multifamily has broken ground on a 55-plus apartment community west of Boynton Beach. The company is taking a different approach to traditional 55-plus housing options. “We think of the project as a cruise ship on land,” said Kolter’s Jeff…
Cannon Commercial obtained $60 million in financing to acquire a 2 million-square-foot industrial portfolio comprising two buildings, one each in Jacksonville, Fla., and Hammond, La. The properties are both fully leased to regional grocery chain Winn-Dixie. JLL secured the 10-year,…
Marathon Asset Management’s Commercial Real Estate platform originated a $154.5 million mortgage loan to a joint venture between Monarch Alternative Capital LP (“Monarch”) and REDICO (the “Sponsor”) to fund the refinance of The American House Florida Portfolio. The Portfolio consists…
Continental Realty Corporation, on behalf of Continental Realty Fund IV, L.P., has completed the sale of Ridge Plaza, a nearly 140,000 square-foot retail center located at 9000-9200 W State Rd 84 in Davie, Florida, for $22.25 million. JLL represented CRC…
Real estate investor and promoter Grant Cardone has purchased two Miami-area multifamily properties: the Manor at Flagler Village in Fort Lauderdale and the Laurels at Jacaranda in Plantation. The S. Florida Business Journal reports that Nuveen was the seller. The…
Orlando-based Holidays Network Group paid $27M for a Miami Beach apartment building that is approved for conversion into a 107-room hotel, The Real Deal reports. The 88-unit apartment complex at 2618 Collins Ave. was sold by a joint venture of investors Eli Dadon, Avi Dishi…
While the national industrial vacancy rate sits at 3.9%, unstable economic conditions continue to worry lenders, investors and developers alike, causing a chain reaction of skepticism to spread throughout the sector. Because of this, demand has somewhat softened. However, it continues…
Florida’s Indian River County has for years been battling a new, privately run train. Now, the county will ask the U.S. Supreme Court to decide whether $2.7B in tax-exempt private activity bonds were issued illegally to raise funds for it….
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