Wednesday, November 5, 2025
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Crossroads Logistics Park
AcquisitionsFloridaIndustrialSoutheast

Cushman & Wakefield Negotiates Sale of 58,849 SF Industrial Property in East Tampa

by Abby Cox

TAMPA, FLA. — Cushman & Wakefield has negotiated the sale of Crossroads Logistics Park, a 58,849-square-foot industrial facility located at 5231 Crossroads Park Drive on Tampa’s east side. Delivered in 2025, the small-bay building is 67 percent leased, with roughly 26,946 square feet still available for lease. Crossroads Logistics Park features tilt-wall construction, 28-foor clear heights, spec office build-outs, 22 dock-high doors, two drive-in doors, ESFR sprinklers and five trailer parking stalls. Rick Brugge, Mike Davis, Rick Colon and Dominic Montazemi of Cushman & Wakefield represented the seller, Arrow Capital, in the transaction. The buyer was Clarion Partners. The sales price was not disclosed.

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Affordable HousingFloridaLoansMultifamilySoutheast

Berkadia Provides $17.8M Agency Refinancing for Apartment Community in Miami

by John Nelson

MIAMI — Berkadia has arranged a $17.8 million Fannie Mae loan for the refinancing of RAM Miami River North, a 96-unit apartment community in the Little Havana area of Miami. The borrower, Rental Asset Management (RAM), acquired the property in 2022, the same year it was developed. Mitch Sinberg, Scott Wadler, Brad Williamson, Matt Robbins and Hugo Hernandez of Berkadia’s Miami office originated the loan on behalf of RAM, an Oakland Park, Fla.-based multifamily owner and operator. Berkadia also arranged the original acquisition loan through Amerant. Robbins of Berkadia says that RAM Miami River North qualifies for Fannie Mae’s affordability program since “almost three-quarters of the units at offer rents at 120 percent of the area median income.” Located at 590 W. Flagler St., RAM Miami River North includes one- and two-bedroom units averaging 650 square feet in size, as well as a pool, fitness center and a package service center.

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The-Residences-at-1428-Brickell-Miami
FloridaLoansMultifamilySoutheastTop Stories

J.P. Morgan, Sculptor Real Estate Provide $565M in Construction Financing for Downtown Miami Residential Tower

by Taylor Williams

MIAMI — J.P. Morgan (NYSE: JPM) and Sculptor Real Estate have provided $565 million in construction financing for The Residences at 1428 Brickell, a 70-story multifamily tower in downtown Miami’s Brickell Financial District. The borrower is Ytech, a locally based luxury residential development firm led by Yamal Yidios. A breakdown of the financing package was not disclosed, but J.P. Morgan is the senior lender on the project, and Sculptor Real Estate is the junior lender. Melissa Rose and Brian Gaswirth of JLL arranged the debt on behalf of Ytech. Already under construction, The Residences at 1428 Brickell will offer 195 luxury condos, with for-sale prices starting at $4.4 million. Residences will range in size from 1,800 to 4,000 square feet, with select units having two-story layouts. All residences will feature Italian-made Arclinea kitchens, Rimadesio glass partitions, carved-stone tubs and premium OptiGray® glass glazing. The development will offer penthouse units that will range in size from 4,000 to 7,000 square feet, with prices starting at $10 million . The tower will also offer two $60 million upper penthouses that feature 30-foot ceilings, seven bedrooms, nine bathrooms and two balconies facing Biscayne Bay to the east. Residents will have access to more …

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Savio
FloridaLoansMultifamilySoutheast

Newmark Secures $139M in Financing for Savio Luxury Apartment Community in Delray Beach, Florida

by Abby Cox

DELRAY BEACH, FLA. — Newmark has secured a $139 million loan for the refinancing of Savio, a new, 420-unit luxury apartment community in Delray Beach, approximately eight miles north of Boca Raton. Jordan Roeschlaub, Nick Scribani, Daniel Matz, Max Ralby, Ricky Braha and Sam Speciale of Newmark arranged the financing through CIBC USA on behalf of the borrowers, 13th Floor Investments, Key International, Wexford Real Estate Investors and CDS International Holdings.   Completed between 2024 and 2025, Savio offers a mix of townhomes and studio apartments, as well as one-, two- and three-bedroom layouts. Units range in size from 558 to 1,670 square feet, according to Apartments.com. Rental rates begin at $2,124. Amenities include a resort-style swimming pool and sundeck, a central park, clubhouse lounge, two-story fitness center with yoga and spin studios, coworking spaces and children’s indoor and outdoor play areas, as well as a walking trail.

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Shoppes at Brantley Hall
AcquisitionsFloridaRetailSoutheast

Franklin Street Negotiates Sale of 34,460 SF Retail Center in Altamonte Springs, Florida

by Abby Cox

ALTAMONTE SPRINGS, FLA. — Franklin Street has negotiated the sale of Shoppes at Brantley Hall, a 34,460-square-foot, unanchored retail center located in Altamonte Springs, roughly 16 miles outside Orlando. Last Mile Investments purchased the property from an entity doing business as REC I/Brantley Hall LP for an undisclosed price. Zack McNamara and Tyler Hicks of Franklin Street represented the buyer in the off-market transaction. Additionally, McNamara will also handle leasing efforts at the center on behalf of Last Mile Investments. Built in 1989, Shoppes at Brantley Hall was 97 percent leased at the time of sale to tenants including Pet Supplies Plus, Orlando Health, Edward Jones and Fiesta Azul Tequila House. Last Mile Investments plans to make upgrades and continue operating the center while “maintaining the asset’s strong tenant mix and stable performance.”

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AcquisitionsFloridaMultifamilySoutheast

Eastham Capital, Merion Realty Partners Sell Tallahassee Apartments for $47.5M

by John Nelson

TALLAHASSEE, FLA. — Eastham Capital has sold The Monroe Apartments, a 288-unit apartment community in Tallahassee, for $47.5 million. The property was acquired in 2019 with a value-add strategy alongside partner Merion Realty Partners as part of a portfolio called Eastham Capital Fund V. The buyer’s identity was not disclosed. The Monroe includes a mix of one-, two- and three-bedroom units ranging in size from 1,095 to 1,695 square feet.  Eastham Capital and Merion Realty Partners implemented a repositioning strategy that the owners say enhanced the asset’s profitability.  At the time of the sale, The Monroe was approximately 95 percent occupied, with monthly effective rents having increased from $1,133 at the time of acquisition to $1,642 by the time of disposition. The Monroe, located at 2677 Old Bainbridge Road, was the first collaboration between Eastham and Merion Realty Partners.

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Affordable HousingDevelopmentFloridaSeniors HousingSoutheast

McDowell Housing Begins Construction on $64.7M Affordable Seniors Housing Project in South Florida

by John Nelson

PEMBROKE PARK, FLA. — McDowell Housing Partners has announced the commencement of construction of Ekos at Pembroke Park, a new affordable seniors housing development located in Pembroke Park. Upon completion, the $64.7 million project will total 150 units reserved for seniors earning up to 80 percent of the area median income. This marks the 16th affordable housing project in Florida for McDowell. Amenities at the community will include a clubroom, fitness center, package lockers, bike storage and six electric vehicle charging stations. Nonprofit organization Area Agency on Aging of Broward County will lease a commercial space at the property and offer onsite supportive services to residents age 60 and older. Financing for the development includes tax-exempt bonds and a loan from the Housing Finance Authority of Broward County; a loan from the Florida Housing Finance Corp.; LIHTC equity from U.S. Bank; and senior construction and permanent loans from R4 Capital.

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DevelopmentFloridaMultifamilySoutheast

Kolter Multifamily Breaks Ground on 256-Unit Alton Sarasota Apartment Development in Florida

by John Nelson

SARASOTA, FLA. — Kolter Multifamily LLC, an affiliate of Delray Beach, Fla.-based The Kolter Group, has broken ground on Alton Sarasota, a 256-unit, garden-style apartment community in Sarasota. Kolter expects to welcome first residents in winter 2026. Alton Sarasota represents the fourth apartment development in the Sarasota-Bradenton MSA for Kolter, which broke ground on Alton Palmetto in Palmetto, Fla., earlier this year. Situated along 63rd Avenue about three miles north of University Parkway, Alton Sarasota will feature one-, two- and three-bedroom apartments ranging in size from 765 to 1,248 square feet. The property will also include a modern clubhouse with a fitness center, coworking office space and a coffee lounge.

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DevelopmentFloridaMixed-UseMultifamilyOfficeSoutheast

L&L, Oak Row Open 1 MSF Wynwood Plaza Mixed-Use Campus in Miami

by John Nelson

MIAMI — L&L Holding Co. and Oak Row Equities, along with project partners Shorenstein Investment Advisors and Claure Group, have opened Wynwood Plaza, a 1 million-square-foot mixed-use campus located at 95 N.W. 29th St. in Miami. The project is anchored by a luxury apartment community, shops and restaurants surrounding a half-acre public plaza and a 12-story office tower that is leased to tenants including Amazon (50,333 square feet). The development team has secured leases for more than half of the 266,000-square-foot office building, with other committed tenants including OKO Group, Weitz & Luxenberg law firm and Claure Group. The Class A office building features private outdoor terraces, floor-to-ceiling windows, a fitness club, golf simulator and conference rooms. Wynwood Plaza Residences comprises 509 apartments ranging in floorplans from studios to two-bedroom units. Monthly rental rates range from $2,495 to $4,660, according to Apartments.com. Amenities include basketball and pickleball courts, a lap pool, swimming pool, hot tub, cold plunge, coworking lounge with private offices and a large conference room, café, game area and a fitness center with a sauna, massage room and outdoor space. Additionally, Luca Steak is expected to open its new restaurant at Wynwood Plaza next year. The design-build team includes …

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Affordable HousingDevelopmentFloridaMultifamilySeniors HousingSoutheast

ANF Completes 99-Unit Affordable Seniors Housing Community in South Florida

by John Nelson

OPA-LOCKA, FLA. — Construction and development firm ANF has completed the construction of Wellspring Apartments, a new affordable seniors housing community located in Opa-locka, roughly 15 miles northwest of Miami. The Integral Group was the developer. Totaling 99 units, Wellspring Apartments features studio, one- and two-bedroom apartments. Residences are reserved for seniors earning at or below 60 and 50 percent of the area median income (AMI), with 67 units reserved for residents earning at or below 50 percent of AMI and 32 units reserved for residents earning at or below 60 percent of AMI. Amenities at the 81,350-square-foot property include a computer and library room, fitness center, community center with a full kitchen and a covered terrace.

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