Florida

Berkadia Arranges $89.9M Sale of Apartment Community in Naples, Florida

by John Nelson August 12, 2026

NAPLES, FLA. — Berkadia has arranged the $89.9 million sale of Orchid Run, a 282-unit, garden-style apartment community located at 10991 Lost Lake Drive in Naples. Matt Mitchell and Chris Burtner of Berkadia represented the seller, an affiliate of The Inland Real Estate Group of Cos. Inc., in the transaction. The buyer, Cardone Capital, utilized funding from 282 Bitcoin for the acquisition, which increases the Miami-based company’s portfolio to 14,800 apartments and its total assets under management to more than $5.4 billion. Built in 2015, Orchid Run features one-, two- and three-bedroom apartments averaging 1,040 square feet in size. Amenities at the gated community include a swimming pool and spa with private cabanas, fitness center with a dedicated yoga studio, clubhouse with a resident lounge and demonstration kitchen, coffee bar, outdoor grilling and entertaining areas, pet washing station and a car wash.

August 12, 2026

Acquisitions Florida Hospitality Southeast

Ryman Hospitality Properties Agrees to Buy Grande Lakes Orlando Resort for Nearly $1.4B

by John Nelson August 11, 2026

ORLANDO, FLA. — Ryman Hospitality Properties Inc., a publicly traded hotel REIT based in Nashville, has entered into a definitive agreement to purchase Grande Lake Orlando Resort for approximately $1.4 billion from Trinity Investments. The 409-acre resort comprises a 1,010-room JW Marriott hotel, 582-room Ritz-Carlton hotel and an 18-hole championship golf course designed by Greg Norman. Amenities include 320,000 square feet of event and meeting space, 14 food-and-beverage options, the Grande Lakes Waterpark and a 40,000-square-foot spa and fitness center. Ryman plans to continue to operate the two hotels, which have recently received a combined $150 million renovation, under their Marriott-branded flags. Ryman expects to close the transaction in the third quarter, subject to customary closing conditions. BofA Securities and J.P. Morgan acted as financial advisors to Ryman, and Bass, Berry & Sims PLC and Greenberg Traurig, LLP acted as the firm’s legal advisors.

August 11, 2026

Acquisitions Build-to-Rent Florida Loans Southeast

Berkadia Arranges $19.1M in Acquisition Financing for Build-to-Rent Community in St. Cloud, Florida

by Abby Cox August 10, 2026

ST. CLOUD, FLA. — Berkadia has arranged $19.1 million in acquisition financing for Ibis Park at Harmony West, a newly constructed, build-to-rent (BTR) residential community located at 7110 Sandhill Crane Way in St. Cloud, about 28 miles south of Orlando. Brad Williamson, Kyle Ryan, Mitch Sinberg, Scott Wadler and Matt Robbins of Berkadia secured the financing on behalf of the Coral Gables, Fla.-based borrower, Bayshore Investment Partners (BIP), which purchased the property from D.R. Horton for $29.4 million. The five-year, fixed-rate loan features a full-term, interest-only structure. Completed in 2024, Ibis Park at Harmony West features 101 single-family rental homes with three-, four- and five-bedroom floorplans. Amenities include a clubhouse, fitness center, resort-style swimming pool, volleyball court, playground and outdoor gathering spaces.

August 10, 2026

Acquisitions Development Florida Multifamily Southeast

IPA Brokers $90.5M Sale of West Palm Beach Condos, Buyer Plans Multifamily Conversion

by Abby Cox August 7, 2026

WEST PALM BEACH, FLA. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $90.5 million sale of Pointe Verde Beach Lakes, a 400-unit condominium property located in West Palm Beach. Marcus & Millichap confirmed that the buyer, New Jersey-based apartment operator Kamson Corp., will convert the condos to market-rate apartments. Luke Wickham and Evan Kristol of Marcus & Millichap, along with Shelton Granade and Justin Basquill of IPA, represented Kamson in the transaction. The Ponte Verde at Palm Beach Lakes Condominium Association retained an affiliate of the Condominium Advisory Group LLC, led by John Cadden and Michael Fish, to serve as trustee on behalf of the selling entity. Situated adjacent to Bear Lakes Country Club, Point Verde at Palm Beach Lakes includes 24 two- and three-story residential buildings, along with a clubhouse. Amenities include two swimming pools, two racquetball courts and a dry sauna. The average unit size is 901 square feet.

August 7, 2026

Florida Loans Multifamily Southeast

Richman Group Obtains Three Loans for Luxury Apartment Communities in Florida Totaling $225M

by John Nelson August 4, 2026

GREENWICH, CONN. — The Richman Group, a multifamily owner and operator based in Greenwich, has obtained loans for the refinancing of three luxury apartment communities in Florida totaling approximately $225 million. The deals include a $107 million loan via New York Life Investment Management (NYLIM) for The Marc in Palm Beach Gardens; a $72.5 million loan from NYLIM for Everly in Naples; and a $45.5 million loan from Reinsurance Group of America Inc. for Vista Sur in South Miami. All three loans are underwritten with 10-year terms, fixed interest rates and five years of interest-only payments. Each loan exceeds the amount of their original construction loans, according to The Richman Group.

August 4, 2026

Development Florida Retail Southeast

Minto Communities Sells Land in South Florida to Walmart for New Supercenter

by John Nelson August 3, 2026

WESTLAKE, FLA. — Minto Communities USA has sold a 24-acre parcel at Town Center West in Westlake, a master-planned community in South Florida’s Palm Beach County. The buyer, Walmart, plans to develop a 188,779-square-foot Walmart Supercenter at the site, including a separate convenience store and gas station. The sales price was not released. The new Walmart Supercenter will sit adjacent to a future Lowe’s Home Improvement store, which will also double as a regional headquarters for the North Carolina-based retailer. Minto sold that site to Lowe’s in January. Minto retains a large outparcel at Town Center West that the company will market for sale in the near future. The firm has sold approximately half of the holdings in Westlake that is approved for 2.2 million square feet of commercial development. Westlake has the capacity for 6,000 homes ranging in configurations between single-family homes, estate homes and townhomes, with prices starting in the $300,000s, according to Minto. Amenities at the master-planned community include Westlake Adventure Park, The Lodge and a 3,900-square-foot fieldhouse and event space that will open soon.

August 3, 2026

Development Florida Leasing Activity Mixed-Use Restaurant Retail Southeast

Gateway Jax Signs Six Tenants at $1B Pearl Square Development in Downtown Jacksonville

by John Nelson August 3, 2026

JACKSONVILLE, FLA. — Gateway Jax has signed six new tenants to leases at Peal Square, a 2 million-square-foot mixed-use project in downtown Jacksonville. The initial retail lineup for Vandeveer, the first mixed-use residential building within the district, will feature dining, wellness and lifestyle retailers and restaurants on the ground floor. The newly announced tenants include Bar Citra (2,000 square feet), Buchner’s Biergarten (outdoor patio space and food truck), PopUp Bagels (1,443 square feet), Go Greek Yogurt (1,141 square feet), JETSET Pilates (2,495 square feet) and Pearl Street Nails (2,032 square feet). Buchner’s Biergarten and JETSET Pilates will open this fall, with additional tenant openings anticipated to continue through early 2027. The tenants join Publix, which will be the first new construction grocery store in the area in more than a decade, and Colletta, an Italian restaurant set to open within the newly restored Hotel Merrydelle, which is a redevelopment of the former Ambassador Hotel that will operate as a Tribute Portfolio by Marriott hotel. Designed by architects including Morris Adjmi, SK+I, Elkus Manfredi and Cecconi Simone, Pearl Square will introduce more than 1,250 new apartments across four residential buildings, including 205 units at Vandeveer; 100,000 square feet of office space; …

August 3, 2026

Affordable Housing Development Florida Loans Multifamily Southeast

Affiliated Development Receives $74M Loan for Mixed-Income Multifamily Development in Fort Lauderdale

by Abby Cox July 31, 2026

FORT LAUDERDALE, FLA. — Affiliated Development has received a $74 million construction loan for the development of The Cove, a 376-unit, mixed-income multifamily project located on the northwest corner of Sunrise Boulevard and Federal Highway in Fort Lauderdale. Pacific Life Insurance Co. provided the loan for the development, along with equity from the Affiliated Development Housing Impact Fund and family office capital partners. In addition, the developer secured tax rebates from Broward County and the City of Fort Lauderdale, as well as zoning priority and incentives via Florida’s Live Local Act. Moss Construction will serve as general contractor for The Cove. Situated on the site of a former hotel property, the $123 million multifamily project will reserve 55 percent, or approximately 207 apartments, for individuals and families earning up to 120 percent of the area median income (AMI). The Cove will also feature a resort-style amenity package and a parking garage.

July 31, 2026

Development Florida Hospitality Southeast

Terra, Turnberry Top Out 17-Story Grand Hyatt Miami Beach Hotel

by John Nelson July 30, 2026

MIAMI BEACH, FLA. — Terra and Turnberry, along with general contractor Balfour Beatty, have topped out Grand Hyatt Miami Beach, a 17-story, 800-room hotel underway in Miami Beach. The hotel tower will be connected to the newly renovated Miami Beach Convention Center via a climate-controlled sky bridge upon completion. Designed by Arquitectonica, Grand Hyatt Miami Beach will feature 12 floors of hotel rooms, as well as four floors of meeting and ballroom space totaling 110,000 square feet, including the 8,000-square-foot Grand Lawn on the fifth-floor amenity deck. The hotel will include a signature restaurant, lobby lounge and bar and 17,000 square feet of ground-level retail space, as well as two resort-style pools and a fitness center with a spa treatment room. The development team plans to deliver the hotel in late 2027. Last year, Terra and Turnberry secured $392 million in construction financing for the project.

July 30, 2026

Florida Loans Office Southeast

JLL Arranges $55.7M Loan for Portion of Midtown East Office Tower in Tampa

by John Nelson July 30, 2026

TAMPA, FLA. — JLL has arranged a $55.7 million loan for 143,354 square feet of office and retail space within Midtown East, an 18-story office tower in Tampa. The property was delivered in April 2025 and represents the third and final office tower within Midtown Tampa District, a 22-acre mixed-use campus that also features a Whole Foods Market, REI, Shake Shack, 700 apartments and an Aloft/Element hotel. Ed Coco, Evan Pariser, Lee Weaver and Matt Casey of JLL arranged the loan through Valley Bank on behalf of the borrower, a 50/50 joint venture between Highwoods Properties and The Bromley Cos. The office floors owned by the borrower at Midtown East were fully leased at the time of financing to tenants in the professional services, technology, staffing, real estate and insurance sectors. The financing also covered the ground-floor retail space that is ideally suited for a future restaurant. Tampa Electric Company, a subsidiary of TECO Energy, owns 11 floors of the building that were not included in the refinancing.

July 30, 2026

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