Florida

Miami-Dade County, Related Urban Break Ground on 316-Unit Mixed-Income Development

by Abby Cox December 8, 2025

MIAMI — Miami-Dade County and Related Urban Development Group, the affordable and workforce housing arm of Related Group, have broken ground on The Residences Palm Court, a 316-unit mixed-income and intergenerational housing community in Miami. Home Investment Partnerships Program (HOME) will provide $3.5 million in funding for the redevelopment project. Completion is expected by the end of 2027. Of the total 316 apartments at The Residences Palm Court, 191 will be reserved for elderly residents, while the remaining units will be reserved for low-income and workforce residents. Community amenities will include a fitness center, coworking spaces, multipurpose room, computer lounge, walking paths, bike storage, on-floor laundry stations and a dog park. The property will also include the Jesse Trice Community Health Center onsite that will be available for resident use.

December 8, 2025

Development Florida Multifamily Southeast

Brook Farm Group, Carter to Develop 324-Unit Apartment Community in Tampa

by Abby Cox December 8, 2025

TAMPA, FLA. — Atlanta-based development firms Brook Farm Group and Carter will co-develop Prospect Highland Oaks, a new 324-unit, garden-style apartment community located at 4502 N. Falkenburg Road in Tampa. The development will span four buildings and will include a detached clubhouse, resort-style saltwater swimming pool with lounge seating, coworking spaces, 24-hour fitness center, dog park and outdoor grilling and seating areas. The project team includes Mill Green Capital and Fundrise (equity partners), Ameris Bank (construction lender), general contractor Oxford Properties and project architect Preston Partnership. A timeline for construction was not disclosed.

December 8, 2025

Florida Loans Retail Southeast

MMCC Arranges $7M Loan for Retail Property Near Jacksonville Leased to BJ’s Wholesale Club

by Abby Cox December 8, 2025

ORANGE PARK, FLA. — Marcus & Millichap Capital Corp. (MMCC) has arranged $7 million in financing for a 109,895-square-foot, single-tenant retail property in Orange Park, a suburb of Jacksonville. BJ’s Wholesale Club occupies the building. Garrett Fierstein of MMCC secured the financing through a local credit union on behalf of the borrower, a private client.

December 8, 2025

Development Florida Multifamily Southeast

Mast Capital, Rockpoint Deliver 178-Unit Luxury Apartment Complex in Miami Beach, Florida

by Abby Cox December 5, 2025

MIAMI BEACH, FLA. — Mast Capital and Rockpoint have delivered Avara, a 178-unit luxury apartment community located in Miami Beach. The eight-story community features one- to three-bedroom floorplans ranging in size from 560 square feet to 1,410 square feet, as well as penthouse suites. Monthly rental rates begin at $3,200. Designed by Arquitectonica, CID Design Group and Within Hults + Partners, Avara comprises a variety of amenities such as a bayfront pool deck on the second floor with shaded cabanas and a fully equipped outdoor kitchen with grilling stations; a 1,500-square-foot fitness center, clubroom and game lounge; and a flexible work center with conference rooms and private offices. Additional amenities include dedicated bike storage, a dog park, pet spa and full-time concierge services.

December 5, 2025

Development Florida Mixed-Use Multifamily Office Retail Southeast

Allen Morris Co. Obtains $138.5M Construction Loan for Coconut Grove Mixed-Use Project in Miami

by John Nelson December 4, 2025

MIAMI — Allen Morris Co. has obtained a $138.5 million construction loan for Ziggurat, a mixed-use development located at 3101 Grand Ave. in Miami’s Coconut Grove neighborhood. Faisal Ashraf of Lotus Capital Partners arranged the loan through BDT & MSD Partners and BHI, the U.S. bank of Israel-based Bank Hapoalim. Further details of the financing were not released. Designed by Oppenheim Architecture, Ziggurat will comprise two buildings featuring natural stone exteriors with gardens wrapping every level. The project will be situated on a 1.7-acre site at the intersection of Grand Avenue, Matilda Street and Florida Avenue. The property will include a five-story, 100,000-square-foot trophy office building with a rooftop restaurant and a three-story building that will comprise 18 for-sale luxury condominiums and 45,000 square feet of retail space on the ground level. The condominiums will range in size from 1,254 to more than 5,000 square feet. ONE Sotheby’s International Realty is handling sales, with prices ranging from $3.5 million to $15 million. Ryan Holtzman, Andrew Trench and Brian Gale with Cushman & Wakefield will manage office leasing alongside Thad Adams with Allen Morris Co. Daniel Cardenas and Michael Sullivan with Vertical Real Estate will lead the retail leasing efforts. Allen Morris …

December 4, 2025

Acquisitions Florida Industrial Southeast

Cushman & Wakefield Brokers Sale of 186,675 SF Industrial Park in Sarasota, Florida

by John Nelson December 4, 2025

SARASOTA, FLA. — Cushman & Wakefield has brokered the sale of Airport Commerce Center, an eight-building industrial park in Sarasota spanning 186,675 square feet. The Silverman Group purchased the project from Sound Capital for an undisclosed price. Rick Brugge, Mike Davis and Rick Colon of Cushman & Wakefield represented Sound Capital in the transaction. Airport Commerce Center is located at 7602 15th St. E, which sits near U.S. Highway 301 and I-75 and across from Sarasota-Bradenton International Airport. The small-bay industrial park was fully leased at the time of sale to a roster of 48 tenants. Suite sizes range from 1,177 to 12,283 square feet, with the eight buildings featuring a total of 74 grade-level doors and clear heights ranging from 16 to 20 feet.

December 4, 2025

Acquisitions Florida Retail Southeast

SRS Negotiates $10.5M Sale of Retail Center in Temple Terrace, Florida

by John Nelson December 3, 2025

TEMPLE TERRACE, FLA. — SRS Real Estate Partners has negotiated the $10.5 million sale of Fountain Shoppes, a retail center in Temple Terrace totaling 18,110 square feet. Built in 2022, the four-building property is located on a 2.6-acre site at 8942 Bertha Palmer Blvd. Fountain Shoppes was fully leased at the time of sale to seven tenants, including Starbucks Coffee, Jersey Mike’s, Rocking Crab, The Joint Chiropractic, Hand & Stone, AT&T and Chase Bank. Patrick Nutt and William Wamble of SRS represented the seller, a Florida-based investor and developer, in the transaction. The buyer was a Florida-based private investor. Both parties requested anonymity.

December 3, 2025

Acquisitions California Florida Georgia Industrial New Jersey New York Pennsylvania Top Stories

Investcorp Acquires 2.6 MSF Industrial Portfolio for $400M

by Hayden Spiess December 3, 2025

NEW YORK CITY — Global alternative investment firm Investcorp has completed the $400 million acquisition of an industrial portfolio located in markets across the Eastern and Western United States. The seller was not disclosed. Totaling 2.6 million square feet, the portfolio comprises 35 buildings across seven markets. Properties in the portfolio include a 76,000-square-foot, two-building portfolio in Philadelphia; a 44,000-square-foot building in New Jersey; 92,000 square feet across two buildings on Long Island; a 1.3 million-square-foot logistics portfolio in Sacramento, Calif.; 156,000 square feet across two buildings in Tampa, Fla.; a 115,000-square-foot, three-building portfolio in South Florida; and a 12-building, 814,000-square-foot portfolio on Atlanta’s north side. Average occupancy across the portfolio was at 97 percent as of October. According to Green Street Advisors, each of the seven markets associated with the portfolio saw strong demand growth in the industrial sector during the third quarter of 2025. The firm noted that new supply in these markets makes up less than 1.3 percent of current inventory. “Despite shifting trade dynamics and supply chain disruptions across the country, the U.S. industrial sector has retained its foundational strength,” says Herb Myers, global head of real assets at Investcorp. “This is particularly true for these and similar …

December 3, 2025

Development Florida Multifamily Southeast

Resia Opens 420-Unit Apartment Community in Miami

by John Nelson December 2, 2025

MIAMI — Resia has opened Resia Golden Glades, a 420-unit apartment community located at 15955 N.W. 6th Ave. in Miami. The property features prefabricated bathrooms and kitchens with full electrical and plumbing that Resia developed off-site at its manufacturing facility in Fairburn, Ga. Situated on Miami’s northern end, Resia Golden Glades offers a mix of one-, two- and three-bedroom units with private balconies or patios. Monthly rental rates range from $2,115 to $3,905, according to Apartments.com. Amenities include a 24/7 fitness center, swimming pool, clubhouse, playground, an onsite management team, coworking spaces, EV charging stations, a mini market and a 705-car parking garage.

December 2, 2025

Acquisitions Florida Retail Southeast

Cushman & Wakefield Brokers Sale of Publix-Anchored Shopping Center in Lakeland, Florida

by John Nelson December 2, 2025

LAKELAND, FLA. — Cushman & Wakefield has brokered the sale of Grove Park Shopping Center, a 120,150-square-foot, Publix-anchored retail center located at 1617 U.S. Highway 98 in Lakeland. A private entity tied to Daniel Halberstein purchased the center for an undisclosed price. Mark Gilbert, Adam Feinstein and Mitchell Halpern of Cushman & Wakefield’s Retail Investment Advisors represented the seller, Longpoint Partners, in the transaction. Grove Park was originally developed in 1960 by George Jenkins, the founder of Publix Super Markets. The property, which was fully renovated in 2019, was 100 percent leased at the time of sale to tenants including CVS, Dollar Tree and Humanitary Medical Center.

December 2, 2025

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