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Walker & Dunlop Arranges $80M Loan for Multifamily Development on Miami’s Bay Harbor Islands

Abby Cox — Fri, 27 Feb 2026 14:07:13 +0000

MIAMI — Walker & Dunlop has arranged $80 million in construction financing for 10290 East Bay Harbor Drive, a luxury multifamily development on Bay Harbor Islands in Miami. Adam Schwartz, Jonathan Schwartz, Aaron Appel, Keith Kurland, Sean Reimer, Michael Diaz and Michael Ianno of Walker & Dunlop arranged the floating-rate, interest-only loan through New York-based Madison Realty Capital on behalf of the borrower, Clara Homes. 10290 East Bay Harbor Drive is the third apartment complex located within a three-phased master-planned development on Bay Harbor Islands. The six-story apartment building will total 250,000 square feet with 77 units, according to South Florida Business Journal, bringing Clara Homes to 150 luxury apartments on the Bay Harbor Islands. Amenities at the complex will include a rooftop swimming pool with panoramic views, fitness center and an outdoor yoga studio. 10290 East Bay Harbor Drive is also situated near Bal Harbour Shops, which is currently undergoing a $550 million redevelopment.

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SRS Negotiates $3.5M Ground Lease Sale of Chick-fil-A-Leased Restaurant in Leesburg, Florida

Abby Cox — Fri, 27 Feb 2026 14:02:25 +0000

LEESBURG, FLA. — SRS Real Estate Partners has negotiated the $3.5 million ground lease sale of a restaurant property located at 9925 US-441 in Leesburg, about 45 miles northwest of Orlando. Chick-fil-A occupies the 4,935-square-foot building, which was built in 2024, on a corporate-guaranteed, absolute triple-net ground lease with 13 years remaining on the initial term. Patrick Nutt and William Wamble of SRS represented the seller, a national investor and developer, in the transaction. The 1031 exchange buyer was a Brooklyn, N.Y.-based private investor. Both parties requested anonymity.

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Morgan, Casto Net Lease Buy Land in Southeast Florida, Plan Aldi-Anchored Shopping Center

John Nelson — Thu, 26 Feb 2026 14:45:28 +0000

PORT ST. LUCIE, FLA. — A partnership between Morgan Co. and Casto Net Lease has acquired 15 acres in Port St. Lucie, a city in southeast Florida’s St. Lucie County. The duo plans to develop a new shopping center anchored by Aldi on the site. The center will also include outparcels designated for McDonald’s, Circle K and AutoZone, as well as outparcels that are currently available for sale or lease. Scott Copeland of On Course Development represented Morgan and Casto Net Lease in the land deal. The seller and sales price were not disclosed. The buyers plan to break ground on the shopping center before the end of the year and deliver the property in 2027.

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Redfearn Capital, TPG Angelo Gordon Close $150M Refinancing for Industrial Portfolio in Florida

John Nelson — Tue, 24 Feb 2026 15:59:36 +0000

DELRAY BEACH, FLA. — A partnership between Delray Beach-based Redfearn Capital and TPG Angelo Gordon’s U.S. Real Estate platform has closed on the refinancing for a 10-property industrial portfolio in Florida. CBRE’s Debt & Structured Finance Team secured the $150 million refinancing through Prospect Ridge. The financing includes an initial $80 million backed by the portfolio and up to $70 million in additional capacity to support future acquisitions. The portfolio is located across seven high-growth Florida markets: Orlando, Clearwater, Pompano Beach, Jacksonville, Naples, Hialeah and Miramar. The properties total 590,895 square feet and were 98.4 percent leased at the time of financing to 19 tenants. Redfearn Capital and TPG Angelo Gordon have acquired 37 industrial assets in Florida spanning approximately 3.2 million square feet since 2021. The 10 properties in the refinanced portfolio were assembled by the partnership from June 2022 through October 2025.

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Creative Contractors Begins $13.5M Restoration of 100-Year-Old Tampa Theatre

John Nelson — Tue, 24 Feb 2026 15:47:07 +0000

TAMPA, FLA. — Creative Contractors Inc. has begun the $13.5 million renovation and modernization of Tampa Theatre, a historic cinema in downtown Tampa that opened on Oct. 15, 1926. The Tampa Bay-area general contractor will make audiovisual enhancements to the theater, as well as upgrades across the property’s HVAC, electrical and mechanical systems, including the installation of a new elevator. Other enhancements will include a refreshed concessions area, new bathrooms, a new stage truss system and upgraded theatrical lighting to support live performances and film presentations. The second and third floors of the theater will also be renovated to include new rooms for education and archives. Creative will also bring in a specialty plaster restoration contractor to restore the main Duncan Auditorium to its original grandeur. On the exterior, Creative is refreshing the building’s signage with new paint and enhanced lighting. DLR Group designed the overhaul, which is set to wrap up in time to celebrate the theater’s centennial celebration.

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Berkadia Negotiates Sale of 125-Room Hotel in Metro Tampa

John Nelson — Mon, 23 Feb 2026 15:25:20 +0000

TAMPA, FLA. — Berkadia has negotiated the sale of Home2 Suites Tampa Brandon, a 125-room hotel located at 10323 Palm River Road in Brandon, an eastern suburb of Tampa. Kyle Sahlsten of Berkadia represented the seller, an affiliate of Sarasota, Fla.-based Floridays Development Co., in the transaction. A Massachusetts-based entity doing business as AAM 15 Management LLC purchased the hotel for an undisclosed price. Built in 2018, the hotel features an outdoor pool, fitness center, a business center and complimentary breakfast for guests.

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Berkadia Arranges $42.5M Refinancing of Multifamily Community in Panama City Beach, Florida

Abby Cox — Fri, 20 Feb 2026 15:15:46 +0000

PANAMA CITY BEACH, FLA. — Berkadia has arranged $42.5 million in debt and equity to refinance Exchange at the Beach, a 232-unit multifamily apartment community located in the Upper Grand Lagoon neighborhood of Panama City Beach. Mitch Sinberg, Scott Wadler, Brad Williamson and Matt Robbins of Berkadia secured a $29 million, five-year, fixed-rate Freddie Mac loan on behalf of the borrower, JSB Capital. Berkadia also arranged $13.5 million in preferred equity. Built in 2022, Exchange at the Beach offers one- and two-bedroom apartments ranging in size from 672 to 1,255 square feet, according to Apartments.com. Amenities include a clubhouse with a coffee bar, business center, gaming area, 24-hour fitness center, swimming pool with a veranda and TV area, outdoor BBQ and grilling stations, an outdoor fireplace and a dog park.

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Stonemont, Iron Point Partners Fully Lease Topline Logistics Center in Ocala, Florida

Abby Cox — Fri, 20 Feb 2026 15:13:30 +0000

OCALA, FLA. — Atlanta-based private real estate investment firm Stonemont and private equity firm Iron Point Partners have signed an undisclosed tenant to a full-building lease at Topline Logistics Center, a 457,217-square-foot industrial facility located directly off I-75 in Ocala. Jared Bonshire, David Perez, Taylor Zambito and Ryan Hubbard of Cushman & Wakefield represented Stonemont in the lease negotiations. Situated on approximately 35 acres in Central Florida, the cross-dock facility features 36-foot clear heights, 110 trailer parking spaces, 247 car parking spaces, four drive-in doors and a 185-foot truck court.

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Matthews Negotiates $30M Sale of Seven-Property Flex Industrial Portfolio in Fort Meyers, Florida

Abby Cox — Thu, 19 Feb 2026 14:08:50 +0000

FORT MEYERS, FLA. — Matthews has negotiated the $30 million sale of a seven-property flex industrial portfolio located along the I-75 corridor at 6150-6481 Metro Plex Drive in Fort Myers. Nick Watson, Jake Lurie and Aiden Hawkins of Matthews represented the undisclosed seller in the transaction. Matthews also sourced the buyer, which is an experienced operator that had pursued the portfolio prior to the seller’s decision to market the property. The flex industrial portfolio spans 218,000 square feet and includes 36 dock-high doors, nine drive-in doors and 19- to 26-foot clear heights.

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VanTrust Acquires 71.2 Acres in Orlando, Plans 956,600 SF Industrial Project

Abby Cox — Thu, 19 Feb 2026 14:07:40 +0000

ORLANDO, FLA. — VanTrust Real Estate has purchased 71.2 acres within Sunbridge Business Park in Orlando for the development of an industrial park dubbed SunPark Industrial. The buyer acquired the land from a joint venture between Land Reserve and Tavistock Development Co., the developers of the Sunbridge master-planned community and the Lake Nona master-planned development, which is also in Orlando. Phase I of SunPark Industrial will comprise three buildings totaling roughly 956,600 square feet. Construction is slated to begin in the third quarter, with delivery of the first two buildings anticipated for the third quarter of 2027. A future Phase II would encompass an additional 77 acres and could support roughly 1 million square feet of industrial development. Opened in 2020, Sunbridge is a 27,000-acre “naturehood” located across Orange and Osceola counties that features a mix of homes, 55+ active adult communities, schools, nature trails, cafés, employment centers and Sunbridge Business Park, which spans 700 acres.

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JLL Secures $19M Mezzanine Loan for Multifamily Development in Tampa

John Nelson — Wed, 18 Feb 2026 13:21:38 +0000

TAMPA, FLA. — JLL has secured a $19 million mezzanine loan for the construction of River Vista, a 268-unit workforce housing development located at 4504 Clewis Ave. in Tampa. Brian Gaswirth and Michael Romero of JLL arranged the financing through a credit venture of Crow Holdings Capital on behalf of the borrower, Vista Residential Partners. River Vista will offer a mix of one-, two- and three-bedroom apartments averaging 989 square feet in size. Amenities will include nature trails, overlooks of the Hillsborough River, multiple club rooms, coworking spaces, a fitness center, pet spa and a dog park. The construction timeline and additional financing details were not disclosed.

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El-Ad National Properties Tops Off $1B District in Davie Mixed-Use Project Near Miami

Kristin Harlow — Wed, 18 Feb 2026 13:00:00 +0000

DAVIE, FLA. — El-Ad National Properties has topped off construction of The District in Davie, a $1 billion mixed-use project located about 24 miles north of Miami. The topping off marks the structural completion of Phase I, including the entry promenade and service access roadways, of the 2.8 million-square-foot development. Phase I is anticipated for completion in early 2027. When fully built out across three phases, The District in Davie will feature five residential towers ranging from 21 to 24 stories with 1,292 rental units, 36,000 square feet of restaurant and retail space and 1.1 million square feet of access-controlled parking with 2,650 spaces. Each tower will offer studio, one-, two- and three-bedroom units that will range in size from 589 to 1,460 square feet. Residences will feature high-speed internet, smart thermostats and keyless entry, as well as private terraces on each floor. Amenities will include rooftop pools, coworking spaces, pet parks, children’s play suites, 24-hour fitness and spa treatment rooms, outdoor kitchens, game lounges and a reservable sky lounge for indoor and outdoor entertaining. Atlanta-based architecture firm Cooper Carry is designing the project. Promethean Builders LLC is serving as general contractor. Situated in central Broward County, Davie is one…

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Foundry, Wheelock Street Capital Break Ground on 485,000 SF Logistics Park in Pompano Beach, Florida

John Nelson — Tue, 17 Feb 2026 15:13:53 +0000

POMPANO BEACH, FLA. — Foundry Commercial, in partnership with Wheelock Street Capital, has broken ground on Festival Logistics Park, a 485,000-square-foot industrial complex located at 2900 W. Sample Road in Pompano Beach. Foundry Commercial and Wheelock Street Capital originally purchased the former Festival Flea Market site for $66 million in September 2025, according to multiple media outlets. Situated on 25 acres, Festival Logistics Park will span three buildings and will include 32- to 36-foot clear heights, flexible configurations and modern industrial features that accommodate various logistics, distribution and light-manufacturing users. The project is expected to be delivered in the fourth quarter. Nick Wigoda, Steve Medwin and Eli Havlik of Stream Realty Partners will handle leasing on behalf of the ownership team.

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Cabot Properties Acquires Two Logistics Portfolios in Florida Totaling More than 1.3 MSF

Abby Cox — Fri, 13 Feb 2026 14:11:37 +0000

PALM BEACH COUNTY, FLA. — Cabot Properties has acquired two logistics portfolios totaling 1.3 million square feet in Florida. The portfolios include the McCoy Logistics Center in Orlando, and a three-building logistics property in Palm Beach County. The seller and sales price were not disclosed. Spanning three buildings, the McCoy Logistics Center consists of two rear-load properties and one cross-dock facility totaling 837,115 square feet. Built between 2022 and 2023, the buildings feature dock-level loading, an average 34-foot clear height, 185-foot truck court depths, ESFR sprinkler systems, LED lighting and 555 car parking spaces. The Palm Beach County portfolio spans three rear-load distribution facilities that total 450,505 square feet. The fully leased buildings were built between 2021 and 2023 and include 32-foot clear heights, dock- and grade-level loading, ESFR sprinkler systems, LED lighting and 115- to 185-foot truck court depths.

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Related Urban, Tampa Housing Authority to Open 384-Unit Affordable Housing Community

Abby Cox — Fri, 13 Feb 2026 14:10:25 +0000

TAMPA, FLA. — Related Urban Development Group and the Tampa Housing Authority will host a ribbon cutting ceremony on Thursday, Feb. 19, for Canopy at West River, a new 384-unit affordable housing community in Tampa. Delivered in two phases, the community spans four towers and offers a mix of one-, two-, three- and four-bedroom floorplans. Amenities at the complex include a community room with a kitchenette; game room with a TV; business center with computer/internet access; fully equipped fitness centers; smart home technology; electric vehicle (EV) charging stations; and a future NFL Alumni Obstacle Course that “reinforces the development’s focus on active living.” Situated within the larger West River mixed-use development, The Canopy at West River apartments are reserved for residents earning between 22 percent and 80 percent of the area median income (AMI), with long-term affordability supported through a combination of Project-Based Vouchers (PBV), Rental Assistance Demonstration (RAD) programs, National Housing Trust Fund (NHTF) financing and Low-Income Housing Tax Credits (LIHTC).

Franklin Street Brokers $6.4M Sale of Retail Center in Zephyrhills, Florida

Abby Cox — Fri, 13 Feb 2026 14:08:11 +0000

ZEPHYRHILLS, FLA. — Franklin Street has brokered the $6.4 million sale of Oakview Plaza, a 47,000-square-foot retail center located in Zephyrhills, roughly 30 miles northeast of Tampa. Justin Walker, Justin Sturdivant and Dylan Morse of Franklin Street represented the seller, South Florida-based Merrimac Ventures, in the transaction. New York-based New Hyde Park Fruit Corp. was the buyer. Originally built in 1990, the center will undergo façade improvements, parking lot enhancements and lighting updates. The property’s Winn-Dixie store is also being redeveloped into an Aldi that will act as co-anchor to Archwell Health, a senior-focused primary care provider. Both stores will operate on new 10-year leases upon opening.

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Ardent Receives Civic Approval for Costco-Anchored Redevelopment of Metro Orlando Mall

John Nelson — Thu, 12 Feb 2026 15:51:03 +0000

SANFORD, FLA. — The Ardent Cos. has received approval from the City of Sanford, a city in the Orlando MSA, for the redevelopment of Seminole Towne Center, a former shopping mall spanning 1.1 million square feet. The redevelopment includes construction of a new 164,585-square-foot Costco store on the 76-acre site. Taking place of the former Macy’s department store, the Costco location will include a gas station, tire center and liquor store. Ardent plans to begin site work and demolition this summer, with the Costco opening slated for second-quarter 2027. Over the past 12-plus months, the Atlanta-based owner and developer has acquired more than $115 million in six ground-up mixed-use development and redevelopment projects across the Southeast.

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Ocean Bank Provides $70M Construction Loan for Mixed-Use Building in Aventura, Florida

John Nelson — Thu, 12 Feb 2026 15:48:34 +0000

AVENTURA, FLA. — Ocean Bank has provided a $70 million construction loan for Central Aventura, a nine-story mixed-use building located at the corner of Biscayne Boulevard and 209th Street in the Miami suburb of Aventura. Jesus Garcia of Ocean Bank originated the loan on behalf of the borrower, an entity doing business as Central Aventura LLC that is led by Jacobo Cababie Dichi. Central Aventura will comprise 75,270 square feet of retail space on the first three levels, four levels of parking and 63,883 square feet of offices on the top two floors. Additionally, the property will feature the first multi-story digital billboard in Aventura. The construction timeline for the project was not released.

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Cushman & Wakefield Brokers $34.5M Sale of Two Office Buildings in South Florida

John Nelson — Tue, 10 Feb 2026 15:00:14 +0000

DEERFIELD BEACH, FLA. — Cushman & Wakefield has brokered the $34.5 million sale of two office buildings located at 602-668 and 776-858 S. Military Trail in Deerfield Beach, a city in South Florida’s Broward County. The single-story buildings are situated within Deerfield Corporate Park and total 157,510 square feet. The properties, dubbed Building 1 and Building 6, were 87.6 percent leased to 26 tenants at the time of sale. Scott O’Donnell, Greg Miller, Mike Ciadella and Miguel Alcivar of Cushman & Wakefield represented the seller, an affiliate of New Jersey-based Denholtz doing business as Denholtz Deerfield LLC, in the transaction. A private capital investment group purchased the two buildings. Deerfield Corporate Park was originally built in 1985 and renovated in 2017.

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Joint Venture Sells Coconut Grove Office Property in Miami for $61M

Abby Cox — Mon, 09 Feb 2026 15:02:39 +0000

MIAMI — A joint venture between locally based Torose Equities and Irvine, Calif.-based Sabal Investment Holdings has sold 3480 Main Highway, a 55,000-square-foot office and retail property located in Miami’s Coconut Grove neighborhood. Miami-based Azora Private purchased the property for $61 million, or $1,100 per square foot. The building is fully leased to food-and-beverage concepts Amal and Level 6, which are located on the ground floor and rooftop, as well as three office tenants. In 2025, an affiliate of CGI Merchant Group lost the office building through a UCC auction over $32.5 million in debt, in which Torose Equities and Sabal purchased the loan, according to South Florida Business Journal.

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