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Terreno Realty Delivers 164,000 SF Industrial Facility in Metro Miami

John Nelson — Wed, 21 Jan 2026 14:58:02 +0000

HIALEAH, FLA. — Terreno Realty Corp. has delivered a 164,000-square-foot industrial facility in Hialeah, a suburb of Miami. The $43.4 million project is known as Building 32 within Terreno’s Countyline Corporate Park development. The property is situated on 8.3 acres with the park’s Phase IV, which spans 121 acres and is entitled for 2.2 million square feet of development, with full build-out expected by the end of 2027. Building 32 is fully leased to two tenants and includes a rear-load configuration, 36-foot clear heights, 53 dock-high doors, two grade-level loading positions and parking for 148 cars. The facility is expected to achieve LEED certification, according to Terreno. Countyline Corporate Park is a landfill redevelopment located adjacent to Florida’s Turnpike and the southern terminus of I-75.

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CIP Real Estate Acquires Industrial Park Adjacent to Jacksonville Airport for $51.6M

John Nelson — Tue, 20 Jan 2026 15:08:44 +0000

JACKSONVILLE, FLA. — CIP Real Estate, a real estate investment firm based in Irvine, Calif., has purchased JAX Airport Logistics Center, a newly built, two-property industrial park adjacent to Jacksonville International Airport. Pan American Co. sold the 30.2-acre property to CIP for $51.6 million. Colliers brokered the sale, and CIP obtained a $35.6 million bridge loan for the acquisition. Located at 14825 International Airport Blvd., the 425,000-square-foot industrial park was delivered in December 2025. JAX Airport Logistics features four speculative office suites, dock packages and ramps, trailer parking, 250-foot building depths, 32-foot clear heights and Class A logistics space divisible to unit sizes ranging from 25,000 to 225,000 square feet. CIP has selected Guy Preston, Seda Preston and John Cole of Colliers to handle the leasing assignment at JAX Airport Logistics Center.

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BCDC, 908 Group to Break Ground on 511-Bed Student Housing Development Near FSU

John Nelson — Thu, 15 Jan 2026 14:42:19 +0000

TALLAHASSEE, FLA. — A joint venture between BCDC and 908 Group is set to break ground on Chapter House FSU, a 511-bed student housing development located at 601 W. Madison St. and 506 W. Gaines St. near the Florida State University (FSU) campus in Tallahassee. The two-building community will offer 129 units alongside 4,000 square feet of ground floor retail space. The development team for the project includes Humphreys & Partners, Culpepper Construction and Moore Bass Consulting. Asset Living has been tapped to manage the community upon completion. Pacific Life is serving as lender on the project with Marble Capital providing preferred equity. Further details on the community, including a timeline for completion, were not released.

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Bell Partners Purchases 350-Unit Apartment Community in Maitland, Florida

John Nelson — Thu, 15 Jan 2026 14:37:18 +0000

MAITLAND, FLA. — Bell Partners has purchased Trelago, a 350-unit apartment community located at 601 Trelago Way in Maitland, about nine miles north of Orlando. The Greensboro, N.C.-based investment firm has rebranded the property as Bell Trelago. Bell Partners purchased the community on behalf of the company’s Bell Growth & Income Fund from the undisclosed seller. Walker & Dunlop brokered the transaction. The sales price was not disclosed. Built in 2019, Bell Trelago is situated on 20 acres and offers views of Lake Hope. Amenities include a resort-style pool and pool deck, fitness center and lakefront amenities. The property is part of the 135-acre Trelago mixed-use project that will feature a Trader Joe’s grocery store.

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Cross Ocean, CP Group Acquire Central Florida Office Portfolio for $96M

John Nelson — Wed, 14 Jan 2026 15:49:17 +0000

ORLANDO, FLA. — Cross Ocean Partners and CP Group have acquired an eight-property office portfolio in Central Florida for $96 million. The properties span 722,456 square feet and include Central Fairwinds in downtown Orlando (169,600 square feet); 1101 Greenwood in Lake Mary (155,048 square feet); Research Commons and Tech Point I and II in Orlando (188,738 square feet); Ingenuity Point in Orlando (125,616 square feet); and University Tech Center in Orlando (83,454 square feet). The portfolio was 93 percent occupied at the time of sale to tenants including the U.S. Army Corps of Engineers, Fairwinds Credit Union, Siemens Energy, Galen College of Nursing, Abbott Rapid Dx, Health First and the U.S. General Services Administration (GSA). Robbie McEwan and Matt McCormack of JLL represented the undisclosed seller in the transaction. CP Group will retain JLL to oversee leasing across the portfolio.

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PACE Loan Group Provides $32.2M C-PACE Loan for Hyatt House Hotel in Orlando

John Nelson — Wed, 14 Jan 2026 15:47:34 +0000

ORLANDO, FLA. — PACE Loan Group (PLG) has provided a $32.2 million C-PACE loan for the development of Hyatt House, a 274-room extended stay hotel located at 6469 Westwood Blvd. in Orlando. The borrower is a joint venture between New York-based firms GFI Hospitality and LCP Group. The C-PACE loan will cover energy efficient HVAC systems, elevators, windows, high-efficiency plumbing, lighting and mechanical systems. The hotel will have direct access to the Orange County Convention Center upon completion, as well as an onsite restaurant, bar and a fitness center. About 60 percent of the hotel rooms will come equipped with a full kitchen. Crescent Hotels will operate and manage the Hyatt House hotel upon completion. The project team includes general contractor Cleveland Construction and architect Behar Peteranecz Inc.

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JLL Arranges $185M Loan for Downtown Fort Lauderdale Office Tower

John Nelson — Tue, 13 Jan 2026 15:22:54 +0000

FORT LAUDERDALE, FLA. — JLL has arranged a $185 million loan for The Main, a 25-story office building located at 201 E. Los Olas Blvd. in downtown Fort Lauderdale. Paul Stasaitis, Geoff Goldstein and Blake Koletic of JLL arranged the floating-rate loan through Nomura on behalf of the borrower, a joint venture between Stiles and Shorenstein Investment Advisors. Delivered in 2020, the LEED Gold-certified building spans 387,401 square feet and features VIP parking, a conference center, fitness center, amenity deck, tenant lounges and onsite restaurants including Moxie’s and Fogo de Chao. The Main was fully leased at the time of financing to tenants including JPMorgan Chase and Raymond James, among others.

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Franklin Street Acquires Hospitality Brokerage Firm Hodges Ward Elliott

John Nelson — Tue, 13 Jan 2026 15:18:09 +0000

TAMPA, FLA. AND ATLANTA — Tampa-based commercial real estate services firm Franklin Street has acquired Hodges Ward Elliott (HWE), a global hospitality brokerage firm based in Atlanta with offices in London, New York City, Miami, Tampa and Dallas. HWE will continue to provide its services under its current name and brand and will keep its leadership and brokerage teams intact. “HWE’s experience with executing institutional deals will benefit Franklin Street as we expand our reach and market share,” says Tony DeSisto, president and chief operating officer at Franklin Street. The company opened offices in Nashville and Dallas last year and recently hired a new regional managing director in Miami. HWE will join the Franklin Street platform and have access to the company’s multiple business verticals, including insurance, project management, capital advisory, leasing and property management. HWE team members have joined existing Franklin Street offices in Atlanta, Dallas, Nashville, Orlando and Tampa. Over the past five years, HWE has completed $17 billion in closed transactions, with 30 deals exceeding $100 million. In 2025, the firm closed $1.5 billion in transactions, including the sale of W London and Viewline Resort Snowmass, Autograph Collection in Colorado.

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CBRE Arranges $162M Acquisition Loan for Multifamily Portfolio in Gainesville, Florida

Abby Cox — Mon, 12 Jan 2026 14:43:09 +0000

GAINESVILLE, FLA. — CBRE has arranged a $162 million acquisition loan for a six-property multifamily portfolio totaling 1,432 units in Gainesville on behalf of Westlight Capital. Jubeen Vaghefi and Denny St. Romain of CBRE represented the undisclosed seller in the transaction and secured the financing. The multifamily properties named in the portfolio, which are located near major employment drivers, universities and key regional infrastructure, include Hunters Crossing, Huntington Lakes, Lake Crossing, Spyglass, Lakewood Villas and Woodland Villas.

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PCCP, Venture One to Develop 748,000 SF Industrial Park in Orlando

Abby Cox — Fri, 09 Jan 2026 13:36:47 +0000

ORLANDO, FLA. — A joint venture between PCCP and Venture One Real Estate will develop Venture Park II and III, a two-building industrial park located at 7895 Monument Parkway in Orlando. Construction on the 748,000-square-foot project will begin immediately, with completion anticipated for spring 2027. David Murphy, Monica Wonus and Gabby Gissy of CBRE will handle leasing efforts for the property. Spanning approximately 60 acres, the development will include a 340,000-square-foot rear-load facility and a 408,000-square-foot cross-dock facility. Both buildings will feature 40-foot clear heights and will be able to accommodate several tenants.

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Bayview PACE Provides $200M C-PACE Financing for Mixed-Use Tower in Downtown Miami

John Nelson — Thu, 08 Jan 2026 15:30:47 +0000

MIAMI — Bayview PACE, a division of Bayview Commercial Mortgage Finance, has provided $200 million in C-PACE financing for Okan Tower, a 72-story mixed-use tower underway at 555. N. Miami Ave. in downtown Miami. The borrower, Okan Group, and its construction affiliate Okan Construction recently reached the 40th floor of the tower’s build-out. The tower will rise 903 feet upon completion in 2028, making it the second tallest building in Florida. The C-PACE financing completes the capital stack for the new skyscraper, according to Bayview PACE. Other capital sources were not released. Designed by Behar Font & Partners, Okan Tower will feature four levels of offices totaling 56,000 square feet; an onsite parking garage totaling 429 spaces; a five-star, Hilton-branded hotel totaling 316 rooms; 236 condo-hotel units managed by Hilton; and Sky Residences, 163 for-sale condominiums that will occupy the tower’s uppermost floors.

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Berkadia Secures $84M Construction Bridge Loan for Fort Lauderdale Apartment Development

John Nelson — Wed, 07 Jan 2026 14:45:42 +0000

FORT LAUDERDALE, FLA. — Berkadia has secured an $84 million construction bridge loan for the completion of Astor Park Flagler Village, a 252-unit luxury apartment community located at 333 N.E. 6th St. in Fort Lauderdale. Mitch Sinberg, Scott Wadler, Matt Robbins, Brad Williamson and Patrick Johnson of Berkadia arranged the loan through BridgeInvest on behalf of the developer, Midtown Capital Partners. The borrower will use the floating-rate loan to refinance the property’s existing construction financing and fund remaining completion costs for Astor Park Flagler Village, which topped out in October and is expected to deliver this summer. The 12-story development will offer floorplans ranging in size from 594-square-foot studios to 1,735-square-foot penthouses. Amenities will include a resort-style rooftop pool, bar and resident lounge, dog park, coworking space, 2,389 square feet of retail space on the ground level and a structured parking podium with 318 garage parking spaces.

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Dwight Capital Provides $67M HUD-Insured Loan for Emerald Bay Apartments in Hialeah, Florida

John Nelson — Wed, 07 Jan 2026 14:42:39 +0000

HIALEAH, FLA. — Dwight Capital has provided a $67 million HUD 223(f) loan for Emerald Bay, a 311-unit apartment community located in Hialeah, a suburb of Miami. The loan proceeds were used to retire existing debt, cover closing costs, fund a replacement reserve for future capital improvements and unlock equity built up through construction and lease-up. Elliot Haft and Jack Tawil of Dwight Capital arranged the loan on behalf of the borrower, JVC Management. Completed in 2023, Emerald Bay spans seven residential buildings and comprises one-, two- and three-bedroom floorplans that range in size from 766 to 1,537 square feet, according to Apartments.com. Amenities at the complex include a swimming pool, fitness center, coworking space, clubhouse/leasing office, playground, dog park, outdoor common areas, courtyards and walking trails.

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United Capital Acquires Ives Plaza Shopping Center in Metro Miami for $12M

Abby Cox — Tue, 06 Jan 2026 15:23:44 +0000

MIAMI GARDENS, FLA. — United Capital has acquired Ives Plaza, a 56,841-square-foot shopping center located in Miami Gardens, approximately 16 miles north of downtown Miami. An entity doing business as R&E Trust Partnership LLP sold the center for $12 million. David Smith of LG Capital Partners, along with Adam Lipkin of United Capital, served as financial advisors on behalf of United Capital. This transaction marks the first time the property has been sold. Developed in 1955 on nearly 6.5 acres, Ives Plaza was 66 percent leased at the time of sale to 15 tenants including Pizza Hut and Rent-A-Center.

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SoftBank Agrees to Acquire DigitalBridge in $4B Deal

John Nelson — Mon, 05 Jan 2026 14:54:39 +0000

TOKYO AND BOCA RATON, FLA. — SoftBank Group Corp. has agreed to acquire DigitalBridge, a global asset manager based in Boca Raton that invests in data centers, cell towers and fiber networks. The Tokyo-based investment firm is looking to grow its AI and digital infrastructure platforms and capabilities with this acquisition. SoftBank has agreed to indirectly acquire all outstanding shares of DigitalBridge (NYSE: DBRG) for $16 per share, giving the acquisition a total enterprise value of approximately $4 billion. The acquisition price is a 50 percent premium to the unaffected 52-week average closing price as of Dec. 4, 2025. Upon completion of the transaction, which is expected for the second half of the year, DigitalBridge will continue to operate as a separately managed platform led by Marc Ganzi. The board of directors at DigitalBridge has unanimously approved the transaction.

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CBRE Brokers Sale of 400-Unit Pier 5350 Apartments in Jacksonville

John Nelson — Mon, 05 Jan 2026 14:46:25 +0000

JACKSONVILLE, FLA. — CBRE has brokered the sale of Pier 5350, a 400-unit apartment community located at 5350 Arlington Expressway in Jacksonville. The waterfront property sits on 22 acres directly across the St. Johns River from downtown Jacksonville. Locally based GMC Properties purchased the community from Atlas Real Estate Partners for an undisclosed price. John Rutherford and Luke McCann of CBRE represented both parties in the transaction. Pier 5350 comprises studio, one-, two- and three-bedroom apartments within 46 residential buildings. The property has recently undergone a $14 million capital improvement plan, with updates made to unit interiors, the pool, waterfront clubhouse, fitness center, picnic areas and the community’s private fishing dock.

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Terra Arranges $74M Sale of Doral Square Lifestyle Shopping Center in South Florida

Abby Cox — Mon, 22 Dec 2025 15:14:15 +0000

DORAL, FLA. — Terra has arranged the $74 million sale of Doral Square, a 150,000-square-foot lifestyle shopping center in Doral, a western suburb of Miami. North Miami-based IMC Equity Group was the buyer. Mark Gilbert of Cushman & Wakefield brokered the transaction. Ocean Bank provided a $36 million acquisition loan to the buyer. Situated at the gateway to downtown Doral, the property is anchored by Marshalls, Ross Dress for Less and UFC Gym. Additional tenants include HomeGoods, Pet Supermarket, One Medical, Laser Away, AT&T, Paradise Grills, European Wax Center, First Watch, Jersey Mike’s, Just Salad, Panda Express, Nacion Sushi, Lima Bakery, Miu’s Tea and El Toro Loco.

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BendinRoad Development, Landings Begin Leasing 104-Unit Apartment Community in Downtown Tampa

Abby Cox — Mon, 22 Dec 2025 15:09:00 +0000

TAMPA, FLA. — Locally based BendinRoad Development, in partnership with Landings Real Estate Group, has begun leasing at The Residences at 801 East Whiting Street, a new 104-unit rental community located near the $3 billion Water Street Tampa neighborhood. Nicholas & Associates served as general contractor for the development. The Residences at 801 East Whiting Street offers 51 long-term rentals for 42 studio apartments and nine one-bedroom apartments, along with 53 fully furnished apartments designated for short-term rentals that are situated on the second through fifth floors. Apartment units range in size from 388 to 542 square feet. Amenities at the complex include a fitness center; spa, pool and outdoor kitchen with a grilling area; lobby lounge with a kitchenette; bike and scooter storage; coworking space with two private offices and a common work area; and a secure package room.

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JLL Arranges $92.5M Sale of Industrial Portfolio in East Tampa

Abby Cox — Fri, 19 Dec 2025 15:45:40 +0000

TAMPA, FLA. — JLL Capital Markets has arranged the sale of a nine-building portfolio located across two industrial parks in Tampa on the east side of the city’s central business district. East Capital Partners purchased the 492,957-square-foot portfolio for $92.5 million, according to the Tampa Bay Business Journal. Luis Castillo, Cody Brais and David Orta Jr. of JLL represented the seller in the transaction. Melissa Rose, Jovi Rodriguez and Duncan Miller, also with JLL, secured financing for the acquisition on behalf of the new owner. The portfolio spans 25.6 acres and includes Adamo Distribution Center and Commerce Distribution Center. The small-bay industrial parks were 94 percent leased at the time of sale to 28 tenants across multiple industries such as utilities, logistics, manufacturing, consumer goods, building materials, biotech, medical supplies and technology.

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Basis Purchases Industrial Portfolio in Hialeah, Florida for $84.8M

Abby Cox — Fri, 19 Dec 2025 15:43:11 +0000

HIALEAH, FLA. — Basis Industrial has purchased a portfolio of 42 small-bay industrial buildings totaling 396,135 square feet in Hialeah, a suburb of Miami, for $84.4 million. Jose Lobón of CBRE represented the seller, TA Realty, in the transaction. Anthony Scavo internally represented Basis Industrial. BankUnited and Seacoast Bank provided financing for the acquisition, while NexPoint Advisors provided more than $20 million of preferred equity. The portfolio includes 24 buildings totaling 282,000 square feet at West 31st Place, West 32nd Place and West 33rd Place; 17 buildings totaling 93,116 square feet in the east pocket at West 8th Court, West 27th Street and West 28th Street; and one 20,119-square-foot building at 7395 W. 18th Lane. The industrial buildings feature a mix of cross-dock and front-load configurations with dock-high and grade-level loading, 14- to 22-foot clear heights, with roughly 5 to 12 percent of the space dedicated to offices. The portfolio was 85 percent leased to 79 tenants at the time of sale in industries relating to home design and improvement, as well as many other small family-owned businesses. The average tenant size is approximately 4,280 square feet.

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