Florida

JLL Arranges $463M in Bridge Financing for Thompson Thrift’s Eight-Property Multifamily Portfolio

by Kristin Harlow October 14, 2026

CHICAGO — Chicago-based JLL Capital Markets has arranged $463 million in bridge financing for Thompson Thrift’s eight-property multifamily portfolio comprising 2,412 Class A apartment units across Florida, Georgia and Arizona. JLL secured the floating-rate construction take-out loan through Barings. The portfolio includes: Floor plans average 1,023 square feet. Unit interiors feature gourmet kitchens with stainless steel appliances, quartz or granite countertops, smart home technology, full-size washers and dryers, and private balconies or patios. Examples of amenities include fitness centers, resort-style pools, resident social hubs with coffee bars, pickleball courts, dog parks with pet spas, business centers and outdoor spaces. Danny Kaufman, Medina Spiodic, Mark Gibson and Matthew Lawton of JLL arranged the loan on behalf of Thompson Thrift. Daniel Hedgepeth of Barings originated the financing. With offices in Indianapolis and Terre Haute, Ind., Denver, Houston and Phoenix, Thompson Thrift develops, constructs, leases and manages multifamily communities. The firm has developed more than $7.9 billion in ground-up real estate projects across 25 states. — Kristin Harlow

October 14, 2026

Florida Leasing Activity Retail Southeast

Two New Retail Tenants Open at Dadeland Station in Miami

by Abby Cox October 12, 2026

MIAMI — Two new anchor retail tenants have opened at Dadeland Station, a 350,000-square-foot, three-level retail power center located in Miami, just east of the Dadeland Mall. Burlington opened in August, followed by Marshalls in September. Together, the off-price retailers add approximately 62,000 square feet of leased space to the property. The new stores join a roster of additional tenants including Target, Best Buy, Michaels, PetSmart, Starbucks Coffee, Subway, Avis, Enterprise Rent-A-Car and Lan Pan-Asian Café. Berkowitz Development Group holds a 60 percent majority stake in Dadeland Station, managing and operating the property since its construction in 1996. The remaining 40 percent is privately held by investment partners.

October 12, 2026

Development Florida Multifamily Southeast Top Stories

Partnership Receives $507M Construction Loan for Miami Beach Residential Tower

by Taylor Williams October 12, 2026

MIAMI BEACH, FLA. — A partnership between local developer Terra, RG Development Group, GV Development and LORE Development has received a $507 million construction loan for 1250 West Avenue, a new residential tower that will be located in Miami Beach. TYKO Capital provided the financing for the waterfront project, which will rise 28 stories along Biscayne Bay. The tower will offer 106 for-sale condos, including two penthouses, sales of which are expected to begin in 2027. The development will feature ground-level and rooftop pools, as well as a spa and a padel court. The development will also include underground parking, ground-floor retail space and tropical landscaping themes integrated throughout the property. Beyond the residential tower, the development team has proposed a series of public improvements designed to strengthen connections between the neighborhood and Biscayne Bay. “Securing this financing from TYKO is an important milestone for 1250 West Avenue and reflects the strength of the project and our long-term conviction in Miami Beach,” says David Martin, CEO of Terra. “This is a rare opportunity to create an exceptional waterfront residential experience while making meaningful investments in the surrounding neighborhood and public realm.” “Miami Beach continues to be one of the most supply-constrained …

October 12, 2026

Florida Loans Multifamily Southeast

JLL Arranges $100M Financing for Two New Multifamily Properties in North Florida

by Abby Cox October 9, 2026

JACKSONVILLE AND ST. AUGUSTINE, FLA. — JLL Capital Markets has arranged $100 million in bridge financing for two multifamily properties in North Florida: The Pointe at Davis Creek, a 288-unit, garden-style community located at 12175 Philips Highway in Jacksonville, and The Bradley St. Augustine, a 250-unit, garden-style community located at 350 Bay Laurel Drive in St. Augustine. Matthew Lawton, Travis Anderson, Melissa Quinn, Gregg Shapiro, Dan Kearns, Kelsey Bawcombe, Streeter Simmons and Rob Rothaug of JLL secured floating-rate construction take-out financing through TPG Real Estate Credit on behalf of the borrower, Waypoint Residential. Both properties were delivered in the first quarter of 2025 and feature amenity packages such as resort-style swimming pools with tanning ledges and cabanas; 24-hour fitness centers with yoga/spin studios; pet spas; outdoor gathering areas with fire pits and grilling stations; resident lounges with coffee bars and coworking spaces; and onsite leasing and management offices. Unit interiors include floorplans with walk-in closets, gourmet kitchens with granite countertops and islands, vinyl plank flooring, energy-efficient stainless steel appliances, full-size washers and dryers and private patios/balconies.

October 9, 2026

Development Florida Mixed-Use Multifamily Southeast

Public-Private Partnership Breaks Ground on 371-Unit Apartment Community in Boynton Beach, Florida

by John Nelson October 8, 2026

BOYNTON BEACH, FLA. — A public-private partnership between the City of Boynton Beach and Hyperion Group, Winter Properties, WREP and Silverstein Properties has broken ground on Ocean One, a 371-unit apartment community in the city’s downtown district. The development team financed the development using equity funding from affiliates of Cantor Fitzgerald and Silverstein Properties and construction financing from Madison Realty Capital. Additionally, the Boynton Beach Community Redevelopment Agency approved up to $11.5 million in tax increment revenue funding over a 14-year term for the project, with the ownership group agreeing to provide 110 public parking spaces at Ocean One in perpetuity. Designed by Miami-based Arquitectonica, Ocean One will feature high-end apartments and 25,500 square feet of ground-level retail space. Amenities will include a resort‑style pool deck, fitness center, resident lounge, coworking spaces, outdoor recreation areas, package and mail facilities and onsite management services. The construction timeline was not released.

October 8, 2026

Acquisitions Florida Industrial Southeast

Marcus & Millichap Brokers $11.4M Sale of Industrial Property in West Palm Beach

by John Nelson October 8, 2026

WEST PALM BEACH, FLA. — Marcus & Millichap has brokered the sale of a four-building industrial property located at 2348-2360 N. Military Trail in West Palm Beach. Pugliese Creative Ventures purchased the 43,125-square-foot property from PMD Capital Management for $11.4 million. Douglas Mandel, Zach Levine and Cody Hershey of Marcus & Millichap represented the seller and procured the buyer in the transaction. Built in 1989, the property is situated on 4.2 acres and has suites ranging in size from 1,700 to 7,300 square feet, as well as 54 grade-level loading bays with overhead doors, three two-way entrances and 160 parking spaces.

October 8, 2026

Development Florida Office Southeast

Miami Design District Associates, BH3 Partner to Develop 20-Story Office Building

by John Nelson October 7, 2026

MIAMI — Miami Design District Associates and BH3 Management have formed a joint venture to develop The Ursa, a 20-story office tower in Miami’s Design District. The development was previously announced, but the newly formed joint venture has expanded the square footage of the project’s original vision by 40 percent. Designed by Arquitectonica and Arsham Studio, The Ursa will include 250,000 square feet of Class A office space with 14-foot ceilings and a suite of amenities, including an amenity deck, art installations and fitness facilities. The property will also include 15,000 square feet of ground-level retail space and onsite parking. Construction is expected to begin in 2027, with completion anticipated in 2029.

October 7, 2026

Acquisitions Florida Retail Southeast

First Washington Realty Sells Two Miami Shopping Centers to Publix Super Markets

by John Nelson October 7, 2026

MIAMI — First Washington Realty (FWR), a shopping center owner-operator based in Bethesda, Md., has sold two Publix-anchored shopping centers in Miami to Publix Super Markets Inc. The sales price was not disclosed. The properties include Airpark Plaza, a 171,443-square-foot shopping center near Miami International Airport at 5715 N.W. 7th St., and The Shoppes at Quail Roost, a 73,550-square-foot center located at 20201 S.W. 127th Ave. on the city’s south side. Both properties were fully leased at the time of sale.

October 7, 2026

Development Florida Southeast Student Housing Tennessee

Subtext Completes Student Housing Developments in Florida, Tennessee

by John Nelson October 6, 2026

ORLANDO, FLA. AND KNOXVILLE, TENN. — Subtext has completed two student housing developments in Florida and Tennessee. Projects include VERVE Orlando, a 626-bed community located at 3133 N. Alafaya Trail near the University of Central Florida campus in Orlando; and EVER Knoxville, a 498-bed property located at 1919 Lake Ave. near the University of Tennessee campus in Knoxville. VERVE Orlando spans 446,078 square feet and offers 200 units in studio through five-bedroom configurations. Shared amenities include a 24-hour fitness center, dedicated yoga room and wellness suite with sauna and meditation rooms; a courtyard pool; outdoor green space with fire pits and grilling stations; a karaoke lounge; golf simulator; speakeasy with arcade games; study lounge with private and group study pods, an outdoor study breezeway and a podcast and content creation room; lobby coffee bar; and a pet spa. VERVE Orlando was developed in partnership with FrontRange Capital Partners and Nuveen Real Estate. Financing was provided by Simmons Bank. Additional members of the development team included Dwell Design Studio, ESG Architecture & Design, Kimley-Horn and Associates and Live Oak Contracting. The 14-story EVER Knoxville development spans 329,294 square feet and offers 136 units in one- through-five-bedroom configurations. Shared amenities include a …

October 6, 2026

Development Florida Leasing Activity Retail Southeast

Walmart to Open 40,344 SF Grocery Store in Metro Miami

by John Nelson October 6, 2026

DORAL, FLA. — Terra has signed Walmart to a 40,344-square-foot retail lease at Doral Atrium, a 78,000-square-foot lifestyle retail development in Doral, a western suburb of Miami. Walmart plans to open a new neighborhood-format grocery store at the project. Construction of the new Walmart Neighborhood Market is expected to begin this fall, with an anticipated opening in 2027. Other committed tenants at Doral Atrium include PNC Bank, Bonchon Chicken, Sushi Mas, Tremble Pilates and The Good Feet Store. Jonathan Carter and Pablo Camposano of Colliers are handling the leasing assignment at the retail center.

October 6, 2026

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