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Ekos_at_Warrington
Affordable HousingDevelopmentFloridaLoansSoutheast

McDowell Housing Breaks Ground on $41.9M Affordable Housing Project in Pensacola, Florida

by Abby Cox

PENSACOLA, FLA. — McDowell Housing Partners has broken ground on Ekos at Warrington, a 120-unit affordable housing community located in Pensacola near the Naval Air Station (NAS). The community will serve a mix of income levels, with 10 percent of units reserved for extremely low-income (ELI) households at 40 percent of the area median income (AMI), and the remaining 90 percent of units serving households at or below 60 percent AMI. Also, 50 percent of the total units will be set aside for active-duty military members, veterans and their families, including half of the ELI units that will be reserved for veterans experiencing homelessness. Ekos at Warrington is expected to be completed in the third quarter of 2027. Located at 280 Dogwood Drive, Ekos at Warrington will span four, three-story buildings, along with a standalone clubhouse. The project will provide 72 one-bedroom, 36 two-bedroom and 12 three-bedroom units ranging in size from 631 to 1,197 square feet. Amenities will include onsite management and maintenance offices, a fitness center, community room with a kitchenette and game tables, media/business center with a computer lab, as well as a swimming pool, playground, dog park, barbecue area and a gazebo. The project will meet National Green …

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AcquisitionsFloridaIndustrialSoutheast

Kurv Industrial Acquires South Florida Industrial Park for $220M

by John Nelson

POMPANO BEACH, FLA. — Kurv Industrial, formerly known as Bridge Industrial, has acquired East Pompano Industrial Center, a five-building industrial park in South Florida’s Broward County. The Chicago-based based owner-operator purchased the 818,611-square-foot development from Vancouver-based QuadReal Property Group for $220 million, making the deal the largest industrial acquisition in South Florida this year, according to Kurv. The acquisition is part of the previously announced $789 million joint venture partnership between Kurv and Canada Pension Plan Investment Board (CPP Investments). CBRE National Partners represented the seller in the transaction. East Pompano Industrial Center, which will be rebranded as Kurv Pompano, was 50 percent leased at the time of sale. The park comprises four rear-load facilities with 32-foot clear heights and a low-coverage building delivered in 1993. Kurv plans to invest in speculative office build-outs and energy efficient upgrades at the park during its ownership.

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AcquisitionsFloridaMixed-UseOfficeRetailSoutheast

Foundry Arranges $24.5M Sale of Mixed-Use Building in Winter Garden, Florida

by John Nelson

WINTER GARDEN, FLA. — Orlando-based Foundry Commercial has brokered the $24.5 million sale of The Exchange, a mixed-use building located at 270 W. Plant St. in downtown Winter Garden, a suburb of Orlando. Delivered in 2021, the 42,800-square-foot property was fully leased to office tenants and retailers at the time of sale. The buyer is James Larweth, a private investor who has actively acquired assets in downtown Winter Garden. Chris DeMartino, Rick Helton, Dale Peterson, Joe Chick and Christine Mansour of Foundry represented the seller, the Keating family, in the transaction. Jay Strates of The Strates Group was the previous leasing agent for The Exchange and assisted the Foundry team in the sale.

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AcquisitionsFloridaGeorgiaIndustrialSoutheast

Basis Industrial, OneIM Acquire Industrial Portfolio in Orlando, Metro Atlanta for $144.6M

by John Nelson

DELRAY BEACH, FLA. — A joint venture between Delray Beach-based Basis Industrial and global investment management firm One Investment Management (OneIM) has purchased an industrial portfolio in the Orlando and Atlanta markets. The firms acquired the 839,001-square-foot portfolio from Boston-based Albany Road Real Estate Partners for $144.6 million as part of a multibillion-dollar programmatic joint venture between Basis Industrial and OneIM. The acquired portfolio spans multiple building within three properties: Lake Point Business Park (134,389 square feet) and Challenger South (146,538 square feet) in Orlando and Breck Exchange in Duluth, Ga. (558,074 square feet). Aaron Appel, Jonathan Schwartz and Michael Brown of Walker & Dunlop assisted in sourcing acquisition debt. Mo Beler, Jonathan Paine, Cory Elbaum and Jackson Irwin of Walker & Dunlop advised on the joint venture equity raise.

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DevelopmentFloridaMixed-UseOfficeSoutheast

Gateway Jax Plans Office Building at Pearl Square in Downtown Jacksonville, Taps JLL to Lead Leasing

by John Nelson

JACKSONVILLE, FLA. — Gateway Jax plans to break ground next year on 655 Pearl, a six-story trophy office building that will anchor the Pearl Square mixed-use development underway in downtown Jacksonville. Designed by Morris Adjmi Architects and BDG Architects, the property will offer 100,000 square feet of offices and amenity spaces and 25,000 square feet of ground-floor retail space. Gateway Jax has tapped Michael Loftin, Jesse Shimp and Mack Keasler of JLL to lead the leasing efforts at 655 Pearl, which is the only office component within the first collection of buildings at Pearl Square. There are currently five buildings under construction, including the redevelopment of the 110-room Ambassador Hotel. At full build-out, the 2 million-square-foot mixed-use development will span nine city blocks and include 655 Pearl, the Ambassador Hotel, 1,250 apartments, more than a dozen restaurants and shops and a Publix grocery store. Gateway Jax plans to deliver 655 Pearl in 2028.

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DevelopmentFloridaSoutheastStudent Housing

Park7, PGIM Break Ground on 804-Bed Student Housing Project Near Florida State University

by John Nelson

TALLAHASSEE, FLA. — A joint venture between Park7 Group and PGIM has broken ground on an 804-bed student housing development located near the Florida State University campus in Tallahassee. The nine-story community will offer 230 units alongside shared amenities including a rooftop pool and terrace, fitness center and collaborative study lounges. The project is scheduled for completion in fall 2028.

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Miami Worldcenter
AcquisitionsFloridaRetailSoutheastTop Stories

Joint Venture Acquires 300,000 SF Retail District at $6B Miami Mixed-Use Development

by Hayden Spiess

MIAMI — A joint venture comprising affiliates of the Falcone Group, ROK Acquisitions, Andre Mirmelli, The Davis Cos. and Jamestown has acquired a retail and entertainment district situated within Miami Worldcenter, a new $6 billion mixed-use destination in downtown Miami.  The seller was master development group Miami Worldcenter Associates, which is a partnership between Falcone Group, Nitin Motwani and CIM Group. The sales price was $210 million. Totaling 300,000 square feet of retail, dining and entertainment space with 100,000 square feet of parks and plazas, the acquired property will be operated by Falcone Group, along with ROK Acquisitions and Andrew Mirmelli. Davis Cos. and Jamestown will serve as limited partners.  Tenants within the retail district include a flagship Apple store, Sephora, lululemon, Ray-Ban, Lucid Motors, Free People, Savage X Fenty, Posman Books, HŸP Sneakers & Streetwear, Timeluxe, Openbank by Santander, SkinSpirit, Blo Blow Dry Bar and Club Studio. Food-and-beverage offerings include Maple & Ash, Eight Bar, Sixty Vines, Earls Kitchen + Bar, Sweet Paris Crêperie & Café, Serafina, Go Greek Yogurt and Starbucks Coffee. Entertainment venues include Lucky Strike Bowling and the Museum of Ice Cream. “By combining continuity of vision with additional institutional capital, strategic oversight and operational discipline, …

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DevelopmentFloridaMultifamilySoutheast

Ryan Cos. Breaks Ground on 350-Unit Apartment Community in Fort Myers, Florida

by John Nelson

FORT MYERS, FLA. — Ryan Cos. US Inc. has broken ground on Trailside at Dia Crossing, a 350-unit apartment community in Fort Myers. The eight-building property will be situated at the gateway to the Village of Estero at U.S. Highway 41 and Alico Road. Ryan Cos. expects to deliver Trailside at Dia Crossing in first-quarter 2027. The property will feature a 30-acre nature preserve and a 9,500-square-foot clubhouse with a fitness center, sauna, cold plunge and a yoga deck. Other amenities include a resort-style pool and a kayak launch to Estero Bay. The project team includes architect Ryan A+E Inc. and construction lender U.S. Bank.

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AcquisitionsAffordable HousingCompany NewsFloridaMultifamilyNorth CarolinaSoutheastTop Stories

Sun Life to Acquire Bell Partners, Combine With BGO Following Buy-Out of Remaining Equity Stake

by John Nelson

TORONTO, MIAMI AND GREENSBORO, N.C. — Sun Life Financial Inc. (NYSE: SLF), a Toronto-based financial services organization with $1.6 trillion in assets under management as of year-end 2025, has announced it will acquire Bell Partners, a multifamily investment and management firm based in Greensboro. The acquisition was valued at $350 million and is expected to grow Sun Life’s U.S. multifamily segment. Founded in 1976, Bell Partners has approximately $10 billion of assets under management as of March 1 and manages approximately 70,000 apartments in 12 regions across the United States. The firm operates nine U.S. offices and has close to 1,800 employees. Last year, Bell Partners closed more than $1.3 billion in multifamily acquisitions. “This opportunity will extend Bell’s operating and investment expertise across a larger residential platform and strengthen our depth and reach,” says Lili Dunn, CEO and president of Bell Partners. “It is a natural step in our evolution, preserving the essence of what has made us successful, while also opening new opportunities for the future.” In a separate transaction, Sun Life acquired the remaining 44 percent equity stake of Miami-based BGO, a global real estate investment management firm formerly known as BentallGreenOak, in a deal valued at …

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Hunt-Club
AcquisitionsFloridaRetailSoutheast

SRS Real Estate Brokers $5.3M Sale of Central Florida Retail Center

by Abby Cox

APOPKA, FLA. — SRS Real Estate Partners has brokered the $5.3 million sale of the Shoppes at Hunt Club, an 8,211-square-foot retail property located in Apopka, approximately 12 miles northwest of Orlando. William Wamble and Patrick Nutt of SRS represented the seller, a Florida-based national investor and developer, in the transaction. The 1031 exchange buyer was a Florida-based private investor. Built in 2006 on nearly 1.5 acres, the Shoppes at Hunt Club was fully leased at the time of sale to tenants including Firehouse Subs, Smoothie King, Spectrum and MUV Dispensary. The property is situated adjacent to Club Corners, a 105,000-square-foot, Publix-anchored neighborhood center.

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