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DevelopmentFloridaLoansMultifamilySoutheast

Berkadia Arranges $37M Construction Loan for Apartment Development in Palm Bay, Florida

by John Nelson

PALM BAY, FLA. — Berkadia has secured a $37 million construction bridge loan to finance Astor Pointe, a 171-unit, garden-style multifamily community underway at 3400 Wedgewood Drive NE in Palm Bay. Scott Wadler, Patrick Johnson, Mitch Sinberg, Matt Robbins and Brad Williamson of Berkadia arranged the 24-month loan through RMWC on behalf of the borrower, Miami-based Midtown Capital Partners. The developer will use proceeds of the floating-rate loan to retire the existing construction debt and fund remaining completion costs as Astor Pointe delivers and stabilizes. The waterfront property will feature a mix of one-, two- and three-bedroom residences averaging approximately 870 square feet in size. Amenities will include a resort-style pool, clubhouse, fitness center, outdoor entertainment areas, dog park and spa, game room and a coffee bar.

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AcquisitionsFloridaRetailSoutheast

Cushman & Wakefield Brokers Sale of 174,037 SF Power Retail Center in Metro Jacksonville

by John Nelson

ORANGE PARK, FLA. — Cushman & Wakefield has brokered the sale of Bolton Plaza, a 174,037-square-foot power retail center in Orange Park, about 20 miles south of Jacksonville. A privately held investment firm purchased the center from KPR Centers for an undisclosed price. Mark Gilbert, Adam Feinstein and Mitchell Halpern of Cushman & Wakefield’s Retail Advisory Group represented the seller in the transaction. Bolton Plaza was fully leased at the time of sale to tenants including Aldi, Academy Sports + Outdoors, LA Fitness and Marshalls.

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Diplomat-Beach-Resort
FloridaHospitalityLoansSoutheast

JLL Arranges $600M Refinancing for The Diplomat Beach Resort in Hollywood, Florida

by Abby Cox

HOLLYWOOD, FLA. — JLL has arranged the $600 million refinancing of The Diplomat Beach Resort, a 1,000-room hospitality development located in the South Florida city of Hollywood near Fort Lauderdale/Hollywood International Airport. Kevin Davis, Mike Huth, Wyatt Krapf, Jade Lewin and Malia Buljat of JLL’s Hotels & Hospitality team arranged the floating-rate loan through JP Morgan Chase & Co. and Citibank on behalf of the borrower, a joint venture between real estate funds managed by Trinity Investments and UBS Asset Management’s Global Real Assets business. The refinancing follows a comprehensive $80 million renovation program completed by Hilton Worldwide and the ownership group to convert the property to the Signia by Hilton brand. The Diplomat Beach Resort consists of a twin-spired, 36-story tower containing hotel rooms and suites, a 15,000-square-foot spa, six restaurants and bars, multiple pools and waterfalls and approximately 200,000 square feet of integrated meeting and event space. Additionally, the property is situated on 10 acres of Atlantic Ocean beachfront that offers kayaking, paddleboarding and jet ski rentals.

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the-gardens-residences
FloridaLoansMultifamilySoutheast

Dwight Capital Provides $130M HUD-Insured Refinancing for North Miami Apartment Community

by Abby Cox

NORTH MIAMI, FLA. — Dwight Capital has provided a $130 million HUD 223(f) loan for the refinancing of The Gardens Residences, a 358-unity luxury apartment building located in downtown North Miami. Keith Hoffman and Aaron Kirshtein of Dwight Capital originated the 35-year, fixed-rate loan on behalf of the borrowers, Sebastien Scemla, John Lago and Shawn Chemtov of Omega Real Estate Management Group. The loan proceeds will be used to retire an existing Dwight Mortgage Trust bridge loan, return equity to the borrower and provide a fully amortizing mortgage. This transaction marks the largest HUD loan ever closed in the state and the largest multifamily loan approved by HUD’s Southeast regional office, according to Dwight Capital. Completed in 2024, the nine-story apartment complex houses studio, one-, two- and three-bedroom units that are reserved for renters earning between 80 and 120 percent of the area median income (AMI). The Gardens Residences features a mix of amenities including a swimming pool and spa, fitness center, yoga lawn, pet spa, grilling area and lounges.

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DevelopmentFloridaHealthcareMixed-UseSoutheastTop Stories

Benderson, The Villages to Develop 700-Acre Hospital-Anchored Campus in Central Florida

by John Nelson

THE VILLAGES, FLA. — Benderson Development, in a collaboration with The Villages, has announced plans to develop Legacy Place, a 700-acre mixed-use development in Central Florida. The project will be situated along three miles of Florida’s Turnpike near County Road 470 and Central Parkway and serve as the southern gateway to The Villages master-planned community. A new 25-acre hospital operated by Florida-based AdventHealth will anchor Legacy Place, serving communities across Sumter, Lake and Marion counties, including residents within The Villages. Construction on the 80-bed hospital, which will have emergency and surgical services, is expected to begin in 2027, with an opening projected in 2030. The Wildwood–The Villages metropolitan area has been among the fastest-growing in the country, with population rising by nearly 20 percent over the past four years. “This region is growing quickly, and that kind of growth brings both opportunity and responsibility,” says Rob Deininger, CEO of AdventHealth’s East Florida division. “We’re planning for what families will need not just today, but years from now, making sure the medical infrastructure keeps pace. This will strengthen how people receive care across the region, helping connect care and reduce the need for travel.” At full build-out, Legacy Place will feature 3 …

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race-track-logistics
DevelopmentFloridaIndustrialSoutheast

Frampton Completes First Phase of 1.5 MSF Race Track Logistics Pompano Industrial Park in South Florida

by Abby Cox

POMPANO BEACH, FLA. — Frampton Construction has completed the first phase of Race Track Logistics Pompano, a 1.5 million-square-foot industrial development underway in Pompano Beach. Developed by Boston-based Rockpoint Group and designed by Ware Malcomb, Phase I of the project included the vertical construction of four buildings totaling 620,738 square feet. The 87-acre site is situated within the master plan of The Pomp, a $2 billion, 223-acre mixed-use campus that is anchored by the Harrah’s Pompano Beach Casino, Topgolf. Race Track Logistics Pompano features two-story glass storefronts, specialized exterior design elements, expansive landscaping and a TPO roofing system. The LEED-certified project, which is now welcoming its first tenants, offers a mix of custom spaces and speculative office suites that support a range of logistics and distribution users. CBRE is handling leasing for the development.

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colliers-office-portfolio
AcquisitionsFloridaHealthcareIndustrialOfficeRetailSoutheast

Colliers Brokers $35M Sale of Five-Property Mixed-Use Portfolio on Florida’s Space Coast  

by Abby Cox

MELBOURNE, FLA. — Colliers has brokered the $35 million sale of a five-property portfolio totaling more than 294,000 square feet of office, industrial, retail and medical office space in Melbourne, a city on Florida’s Space Coast. The portfolio, dubbed the Florida Space Coast Investment Portfolio, featured multiple transactions between August 2025 and April 2026. Melbourne Corporate Center, a 33,623-square-foot office building that is fully leased to aerospace engineering firm Aeronix, sold for $3.1 million. Hibiscus Professional Center, which sold for $2.5million, totals 26,300 square feet and is leased to National Drug Screening, Benezra Gynecology and Hanger Prosthetics. Imperial Plaza, a 107,000-square-foot office and retail center, sold for $12.2 million and is occupied by tenants such as the Department of State, FBI and DCAA, Stifel and Fiesta Azteca. Centre at Suntree, an 82,172-square-foot retail and medical property, sold for $12.3 million and is home to Premier Urgent Care, Moon Golf and Huntington Learning Center. Lastly, Rivercrest Professional Center, a 45,475-square-foot office and flex property, sold for $5 million and is occupied by Health First and Cape Canaveral Hospital. Joe Rossi and Scott Brenner of Colliers represented the undisclosed seller in all transactions. Max Ducharme of PMD Capital Management purchased Melbourne Corporate Center …

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FloridaLoansMultifamilySoutheast

Walker & Dunlop Arranges $79M Refinancing for Multifamily Property in Florida Panhandle

by John Nelson

SANTA ROSA BEACH, FLA. — Walker & Dunlop has arranged a $79 million loan for the refinancing of The Jewel at Santa Rosa Beach, a Class A, 408-unit apartment community in Florida’s Panhandle region. Jeremy Pino, Livingston Hessam, Carl Passmore, Kyle Miller, Keith Melton and David Strange of Walker & Dunlop arranged the interest-only, nonrecourse bridge loan through an institutional debt fund on behalf of the borrower, Bristol Development Group. Located at 158 Malachite Way, The Jewel sits along US Highway 98 and three miles north of the popular 30A corridor. The property features one-, two- and three-bedroom townhome-style residences, as well as a clubhouse, fitness center, two swimming pools, coworking space, golf lounge and a dog park and spa.

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Continuum Waterfront District
FloridaLoansMultifamilySoutheast

Continuum Obtains $350M Financing for Waterfront Condo Development in South Florida

by Abby Cox

NORTH BAY VILLAGE, FLA. — Continuum Co. has obtained $350 million in construction loans for Continuum Waterfront District, a 4-acre master-planned development located along Biscayne Bay in North Bay Village. S3 Capital provided $261 million in financing for the Continuum Club & Residences West, a condo that broke ground in 2025, according to the South Florida Business Journal. The second loan, also provided by S3 Capital, is $83 million for pre-development of the second phase, which will include a hotel and a second condo building. Continuum Co. is developing both phases in partnership with Aksoy Holding, an ownership and development firm based in Turkey. The 36-story Continuum Club & Residences West is slated for completion for July 2028 and will comprise 236 condos, which are 50 percent pre-sold, as reported by South Florida Business Journal. Phase II, which is targeted for completion in 2030, will include 300 additional luxury condominiums. The second phase also features the first Continuum hotel (a member of Preferred Hotels & Resorts), a 20-slip commercially zoned marina, waterfront dining and the “Island Walk,” an activated public green space and bayfront promenade. The project team includes West Palm Beach-based Kast Construction (general contractor), Miami-based Arquitectonica (architect) and Durukan …

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JW-Marriott-Marco-Island-Beach-Resort
AcquisitionsFloridaHospitalitySoutheastTop StoriesUncategorized

Joint Venture Buys Marriott-Branded Hotel in Southwest Florida for $835M

by Taylor Williams

MARCO ISLAND, FLA. — A joint venture between an affiliate of Sculptor Real Estate and Miami-based hospitality firm Trinity Investments has purchased the JW Marriott Marco Island Beach Resort, an 809-room hotel in southwest Florida for $835 million. The seller, MassMutual, owned the hotel resort for the past four decades. The sales price translates to more than $1,000 per room. The purchase is being financed with a $690 million acquisition loan. Situated on more than 26 acres with a quarter-mile of private beachfront, the JW Marriott Marco Island offers a variety of suites as part of its accommodations. According to another industry publication, Hotel Management, the hotel first opened in 1971 as the Marco Island Beach Hotel & Villas and was converted to a Marriott brand following a $320 million renovation in 2017. Today, guests at the hotel can enjoy amenities such as 140,000 square feet of meeting and event facilities, 12 dining and entertainment venues and a private membership club, as well as five pools and a 24,000-square-foot spa. In addition, patrons of the hotel have access to more than 400 acres of additional golf and resort activities and features. The new ownership plans to make capital improvements to …

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