Florida

Pinnacle Sells Elyps Luxury Apartments in Fort Lauderdale for $46.5M

by Abby Cox November 7, 2025

FORT LAUDERDALE, FLA. — Miami-based developer Pinnacle has sold Elyps Apartments, a 140-unit luxury community in Fort Lauderdale, for $46.5 million. The buyer was Ram Elyps LLC, an affiliate of Rental Asset Management (RAM). CBRE represented Pinnacle affiliate, Bimini Cove LLC, in the transaction. Completed in 2023, Elyps offers one- and two-bedroom floorplans ranging in size from 777 to 1,182 square feet, according to Apartments.com. Amenities at the property include a swimming pool and sundeck, fitness center, business center, rooftop terrace, pet washing station and electric vehicle charging stations.

November 7, 2025

Acquisitions Company News Florida Seniors Housing Southeast

Sonida Senior Living to Acquire CNL Healthcare Properties for $1.8B

by John Nelson November 6, 2025

DALLAS AND ORLANDO, FLA. — Seniors housing owner and operator Sonida Senior Living Inc. (NYSE: SNDA) has entered into a definitive merger agreement to acquire CNL Healthcare Properties (CHP), a non-traded public REIT, in a deal valued at $1.8 billion. Upon completion of the merger, the combined company will be the eighth-largest senior living owner, with a portfolio of 153 independent living, assisted living and memory care communities and enterprise value of $3 billion. Under the agreement, Dallas-based Sonida will acquire 100 percent of CHP in a cash and stock transaction. The transaction is expected to close in the first or second quarter of 2026, subject to customary closing conditions. Both the Sonida and CHP board of directors unanimously approved the merger. Financing for the acquisition will include cash provided by Conversant Capital and Silk Partners — the two largest Sonida shareholders — and debt financing from RBC Capital Markets and BMO Capital Markets. Ahead of the merger, Sonida’s portfolio comprises 97 seniors housing communities that the company owns, manages or invests in, including 84 owned properties. In total, the portfolio serves roughly 10,250 residents. CHP’s current portfolio comprises 69 seniors housing communities with 7,535 units across 26 states.

November 6, 2025

Acquisitions Florida Georgia Industrial Kentucky Southeast

MDH Partners Acquires 1.5 MSF Industrial Portfolio in Southeast, Midwest for $165M

by John Nelson November 5, 2025

ATLANTA — Atlanta-based MDH Partners has purchased a six-property, 1.5 million-square-foot industrial portfolio in the Southeast and Midwest for $165 million. John Huguenard and Trent Agnew of JLL represented the seller, LBA Logistics, in the transaction. The portfolio has an average vintage of 2017, an average clear height of 33 feet and 6.9 years of weighted average lease term remaining, with each property fully leased to a single tenant. The assets include a 69,679-square-foot property in Miami leased to Compass Group USA; a 552,700-square-foot property in Jacksonville leased to Margo Garden Products; a 246,920-square-foot property in Atlanta leased to SupplyOne; a 235,013-square-foot facility in Louisville leased to ICS AmerisourceBergen; a 68,388-square-foot property in Cincinnati leased to GE Aerospace; and a 302,880-square-foot facility in Columbus leased to Hims.

November 5, 2025

Development Florida Retail Southeast

EDENS Breaks Ground on Redevelopment of Shadowood Square Shopping Center in Boca Raton

by John Nelson November 5, 2025

BOCA RATON, FLA. — EDENS has begun the overhaul of Shadowood Square, a shopping center located at 9887 Glades Road in Boca Raton. The development firm is demolishing a portion of the center, now rebranded as Shadowood, that once housed a movie theater to make way for five new retail buildings totaling 49,330 square feet. The new buildings will be connected by a 25-foot-wide promenade and public green space. Additionally, three existing retail buildings totaling 60,557 square feet will be fully renovated, and placemaking elements including brightened facades, signage and wayfinding, paseos, public art and outdoor seating will be installed. EDENS has signed lease agreements with J. Crew Factory, Joe and the Juice and Maman to join the tenant roster. Blo Blow Dry Bar, Dave’s Hot Chicken are Nomu Sushi & Pub recently opened at Shadowood. The construction phase is expected to last between 18 and 24 months, with the last phase of new retail opening in late 2027.

November 5, 2025

Acquisitions Florida Industrial Southeast

Cushman & Wakefield Brokers $57M Sale of Distribution Center in Orlando

by John Nelson November 5, 2025

ORLANDO, FLA. — Cushman & Wakefield has brokered the $57 million sale of a 713,585-square-foot industrial facility located at 8201 Chancellor Drive in Orlando. The property was fully leased at the time of sale to CVS Health Corp. Mike Davis, Rick Colon, Rick Brugge and Dominic Montazemi of Cushman & Wakefield represented the seller, Tratt Properties, in the transaction. The buyer was Aventura, Fla.-based MG3 Group. Located in Orlando Central Park, the property features tilt-wall construction, clear heights ranging from 28 to 40 feet, 429 trailer parking spaces and 97 dock-high loading doors.

November 5, 2025

Development Florida Loans Multifamily Southeast Top Stories

SCALE Lending Provides $460M in Financing for Two-Tower Apartment Project in Downtown Miami

by Kristin Harlow November 5, 2025

MIAMI — SCALE Lending, the debt financing arm of New York City-based Slate Property Group, has provided a $460 million cross-collateralized facility on behalf of the Namdar Group for two adjacent apartment towers under development in downtown Miami. The facility will comprise a $230 million bridge loan for the completion and lease-up of 55 N.E. 2nd Street (Phase I), which contains 680 multifamily units across 358,000 square feet; and a $230 million loan for the ground-up construction of 50 N.E. 3rd Street (Phase II), which comprises 714 apartment units across 395,000 square feet. The two 43-story towers will be connected from the first through eighth floors upon completion. Phase I is slated for completion in the first quarter of 2026. Construction of Phase II commenced in September 2025, with completion estimated for spring 2028. Units range in size from studios to two-bedroom layouts. A connected garage on the second through sixth floors will include 269 parking spaces, and the ground floor will feature 7,100 square feet of retail space. Combined, the buildings will include 62,000 square feet of amenity spaces on the seventh and eighth floors to be shared by tenants of both towers. Both buildings will offer gyms, golf …

November 5, 2025

Acquisitions Florida Industrial Southeast

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

by Abby Cox November 4, 2025

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.

November 4, 2025

Affordable Housing Florida Loans Multifamily Southeast

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

by John Nelson November 3, 2025

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.

November 3, 2025

Florida Loans Multifamily Southeast Top Stories

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

by Taylor Williams November 3, 2025

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 …

November 3, 2025

Florida Loans Multifamily Southeast

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

by Abby Cox October 31, 2025

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.

October 31, 2025

Newer Posts

Older Posts