Florida Archives - REBusinessOnline

Walmart to Anchor 40-Acre Retail Development in St. Cloud, Florida

John Nelson — Thu, 17 Sep 2026 13:31:38 +0000

ST. CLOUD, FLA. — Walmart plans to anchor a new 40-acre retail development underway in St. Cloud, an Orlando suburb in Osceola County. Situated at the intersection of U.S. Highway 192 and Puffin Road, the property will include a 187,000-square-foot Walmart Supercenter, a Walmart convenience store and gas station and seven to 10 outparcels. The master developer of the project is The Ferber Co., a privately held development firm. The Ponte Vedra, Fla.-based company is currently underway on site work and underground utility installation at the site. First tenants are expected to open by early 2028. The project team includes Hanson, Walter and Associates Inc., Traffic & Mobility Consultants, JR Davis and Cogent Bank. Alex Bisbee of Insite Real Estate helped identify the two-parcel assemblage opportunity for Ferber.

The post Walmart to Anchor 40-Acre Retail Development in St. Cloud, Florida appeared first on REBusinessOnline.

University of South Florida, Partners Break Ground on $500M Mixed-Use Project in Tampa

Hayden Spiess — Thu, 17 Sep 2026 11:07:00 +0000

TAMPA, FLA. — The University of South Florida (USF) and its development partners have broken ground on the $500 million first phase of Uptown Landing, a new mixed-use project situated within walking distance of the planned USF on-campus football stadium. The first phase of the project comprises 30 acres and will include 717 beds of student housing; 152 apartments reserved for graduate students and USF employees; four to six restaurant venues; 68,000 square feet of retail space; a hotel and conference center and academic research facilities. Delivered through a master development agreement with ACE Fletcher LLC, this development marks the largest public-private partnership (PPP) in the history of the State University System of Florida. ACE Fletcher is a partnership between Capstone Development Partners, Aureate Development and Ellison Development. The project team also includes Provident Resources Group, CBI Construction, Baker Barrios Architects and Kimley-Horn. Funding for the project includes $270 million in tax-exempt bond financing for the student housing, hospitality, restaurant and retail uses, as well as a roughly $225 million investment for the Translational Research Institute. Capstone Management Partners will provide maintenance and operations services at the student housing building in a shared services agreement with USF. The first phase is…

The post University of South Florida, Partners Break Ground on $500M Mixed-Use Project in Tampa appeared first on REBusinessOnline.

Nuveen Sells 207,877 SF Shopping Center in Palm Beach Gardens, Florida

John Nelson — Wed, 16 Sep 2026 14:38:19 +0000

PALM BEACH GARDENS, FLA. — Nuveen Real Estate has sold Promenade Shopping Plaza, a 207,877-square-foot shopping center located in Palm Beach Gardens. Boston-based Mount Vernon Co. purchased the Publix-anchored center. Danny Finkle, Jorge Portela and Kim Flores of JLL represented Nuveen in the transaction. The sales price was not disclosed, but South Florida Business Journal reports that the shopping center traded for $67 million. Promenade was originally developed in 1989 and renovated in May 2025. The property was 98 percent leased at the time of sale to tenants including Planet Fitness, Bealls Outlet, Goodwill and Ace Hardware, as well as professional services and medical tenants.

The post Nuveen Sells 207,877 SF Shopping Center in Palm Beach Gardens, Florida appeared first on REBusinessOnline.

BWE Secures $101M Loan for New Active Adult Community in Jacksonville

John Nelson — Tue, 15 Sep 2026 13:42:45 +0000

JACKSONVILLE, FLA. — BWE has secured a $101 million bridge loan for the refinancing of RISE at Glen Kernan Park, a new active adult community located at 4890 Sweetgrass Place in Jacksonville’s Southside neighborhood. Andy Effler of BWE led the team that closed the three-year, floating-rate loan through BlackRock affiliate HPS on behalf of the borrower, RISE, A Real Estate Company. The locally based developer is using the nonrecourse loan to retire the existing senior construction loan from Benefit Street Partners and the mezzanine loan from Pearlmark Real Estate, as well as funding reserves while RISE at Glen Kernan Park is in lease-up. The 308-unit property is reserved for households age 55 and older and features a mix of 109 one-bedroom and 127 two-bedroom luxury apartments, as well as 72 single-story cottage units with attached garages. Monthly rental rates range from $1,704 to $3,871, according to Apartments.com. Amenities include a fully equipped fitness facility, resort-style pool, pickleball courts and a bar and lounge room.

The post BWE Secures $101M Loan for New Active Adult Community in Jacksonville appeared first on REBusinessOnline.

Colliers Negotiates $23M Sale of Shopping Center in Trinity, Florida

John Nelson — Tue, 15 Sep 2026 13:34:02 +0000

TRINITY, FLA. — Colliers has negotiated the sale of Trinity Village Center, a 76,834-square-foot shopping center located in Trinity, roughly 30 miles north of Tampa. According to the Tampa Bay Business Journal, Crow Holdings purchased the center for $23 million. Tommy Isola and Whitaker Leonhardt of Colliers represented the buyer, Colterra Capital Corp., in the transaction. Trinity Village Center was 93 percent leased at the time of sale to tenants including Bonefish, Synovus Bank and Tampa General.

The post Colliers Negotiates $23M Sale of Shopping Center in Trinity, Florida appeared first on REBusinessOnline.

Cuadra Capital Acquires 250,000 SF of Retail, Mixed-Use Developments in North Carolina, Florida

Abby Cox — Mon, 14 Sep 2026 13:35:09 +0000

CHARLOTTE, N.C. — Cuadra Capital, a Charlotte-based real estate investment and operating firm, has acquired multiple retail and mixed-use assets totaling 250,000 square feet across North Carolina and Florida. The acquisitions include State Street Station in Greensboro, College Plaza in Winston-Salem and the Bottleworks District in Wilmington, N.C. The lone Florida acquisition was Park & King in Jacksonville. State Street Station is a 60,977-square-foot, eight-building neighborhood retail center that includes a mix of food-and-beverage, service, medical and wellness retail tenants. The firm also acquired four adjacent parcels from a local owner to expand parking capacity and improve accessibility surrounding State Street Station. College Plaza is a 50,000-square-foot shopping center located across from The Grounds, a 100-acre mixed-use district under construction. The center is home to local tenants such as Jimmy the Greek and Elizabeth’s Pizza. As part of the acquisition, Cuadra also purchased the adjacent parcel situated at 2730 University Parkway, with plans to implement capital improvements at the property. The Bottleworks District is a four-property, 100,000-square-foot mixed-use portfolio that spans three contiguous blocks. The portfolio is home to a mix of food-and-beverage, office and light industrial tenants, including Hi-Wire Brewing, The Ibis, Cugina Forno and the YMCA. Park & King…

The post Cuadra Capital Acquires 250,000 SF of Retail, Mixed-Use Developments in North Carolina, Florida appeared first on REBusinessOnline.

CrossMarc Capital Purchases Open-Air Retail Venue in Oviedo, Florida for $8.3M

Abby Cox — Mon, 14 Sep 2026 13:32:27 +0000

OVIEDO, FLA. — CrossMarc Capital LP has acquired The Food Factory at Oviedo on the Park, a 14,000-square-foot, open-air dining and entertainment venue in the northeast Orlando suburb of Oviedo, for $8.3 million. The acquisition includes the Food Factory building, as well as an adjacent parcel where CrossMarc plans to develop a 3,894-square-foot, multi-tenant retail building. Construction is expected to begin in November. Approximately 1,200 square feet has already been preleased to Kilwins, an American confectionary franchise. Winter Park, Fla.-based Michael Collard Properties sourced the off-market transaction.

The post CrossMarc Capital Purchases Open-Air Retail Venue in Oviedo, Florida for $8.3M appeared first on REBusinessOnline.

Why Quality Continues to Drive Orlando’s Retail Investment Market

John Nelson — Mon, 14 Sep 2026 11:49:00 +0000

If there is one thing I have learned over the past year, it’s that retail buyers have not left Orlando. They have become more selective, and that selectivity is exposing the real issue in the market: there are not enough high-quality retail properties available for sale in the trade areas investors want most. Inventory remains near all-time lows throughout Central Florida, especially in established trade areas with strong demographics, excellent visibility and limited opportunities for new development. As a result, buyer demand continues to outpace the number of available opportunities. Orlando remains one of the strongest retail markets in the country, supported by healthy consumer spending, positive net absorption and a limited construction pipeline that continues to give investors confidence. For owners, this creates an important window. Properties with strong locations, durable tenancy and a clear growth story are standing out because buyers have fewer comparable alternatives to pursue. In this market, quality does not just protect value; it creates competition. One of the biggest changes I have noticed over the past few years is how buyers evaluate opportunities. A few years ago, investors moved much faster. Today, they spend more time underwriting acquisitions, reviewing lease structures and understanding the…

The post Why Quality Continues to Drive Orlando’s Retail Investment Market appeared first on REBusinessOnline.

Blanca Signs 117,764 SF of Office Leases at Waterford Business District in Miami

Abby Cox — Fri, 11 Sep 2026 13:13:13 +0000

MIAMI — Blanca Commercial Real Estate has signed 15 leases at Waterford Business District, a 250-acre office campus located adjacent to Miami International Airport. Totaling 117,764 square feet, the transactions include 47,851 square feet of new leases and 69,913 square feet of renewals with tenants across a mix of industries such as life sciences, logistics, insurance, maritime, hospitality, professional services and international business operations. New leases at Waterford Business District include Greenvine Insurance (26,014 square feet); Megalabs USA (9,703 square feet); Fresh Dining Concepts (7,944 square); KOTUG Americas (2,673 square feet); and RPL International Group (1,517 square feet). Recent lease renewals include Regus (24,181 square feet); Estee Lauder Travel Retail Services (10,276 square feet); Victor, Shaw & McCue (8,475 square feet); Ultragenyx Pharmaceutical (6,897 square feet); Yamaha Motor Distribution LATAM (5,673 square feet); Globant LLC (3,826 square feet); Jamaica Tourist Board (3,664 square feet); First American Services (2,984 square feet); Rolls-Royce Solutions (2,489 square feet); and CargoBot (1,448 square feet). The tenant reps for these deals included CBRE, State Street Realty, Blanca Commercial Real Estate, Lokation Real Estate, Cresa, JLL, Newmark, Cushman & Wakefield, Vitalis Properties, Easton & Associates, Colliers and Brickss Real Estate Co. A joint venture between Nuveen Real…

The post Blanca Signs 117,764 SF of Office Leases at Waterford Business District in Miami appeared first on REBusinessOnline.

Pebb Capital Obtains $223M Loan for Refinancing of Sundy Village in Delray Beach, Florida

John Nelson — Thu, 10 Sep 2026 13:57:27 +0000

DELRAY BEACH, FLA. — Pebb Capital has received a $223 million loan for the refinancing of Sundy Village, a seven-acre mixed-use campus under development in downtown Delray Beach, a coastal city in South Florida’s Palm Beach County. J.P. Morgan and Hudson Bay Capital provided construction financing for Phase II, replacing the project’s existing construction loan while providing additional capital for tenant improvements. J.P. Morgan also provided the original construction financing for Phase I of the project, along with Monroe Capital. Sean Reimer, Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz and Dustin Stolly of Walker & Dunlop arranged the financing. Phase I of Sundy Village comprises 100,000 square feet of office space, 30,000 square feet of shops and restaurants, indoor-outdoor gathering spaces and 268 parking spaces. Tenants include Vertical Bridge, Industrious, Barcelona Wine Bar, Van Leeuwen Ice Cream, Double Knot, Drinking Pig BBQ, Maman, Dragonfly MRI, JTC and Fairstead Development, among others. Phase II will add a 79,141-square-foot, standalone office building, a 165-space parking garage and 3,400 square feet of ground-floor retail space.

The post Pebb Capital Obtains $223M Loan for Refinancing of Sundy Village in Delray Beach, Florida appeared first on REBusinessOnline.

IPA Arranges $75.1M Recapitalization for Monroe Hotel in Miami Beach

John Nelson — Wed, 09 Sep 2026 14:11:19 +0000

MIAMI BEACH, FLA. — IPA Capital Markets, a division of Marcus & Millichap, has arranged the $75.1 million recapitalization of The Monroe Hotel, an 89-room luxury boutique hotel underway in Miami Beach. Situated in the city’s Faena District, the property is a $125.5 million redevelopment of 3010 Collins Ave. and is slated to open in 2027. The property will include a full-service restaurant and bar, rooftop bar and event venue, in-house recording studio, pool with outdoor dining space, spa, fitness center and private beach service provided by Boucher Brothers. The recapitalization included $44 million in C-PACE financing from Nuveen Green Capital, $24.8 million in construction debt from City National Bank, $6.3 million in bridge financing from Midland States Bank and historic tax credit equity financing from PNC Bank. Bobby Werhane and Scott Raasch of IPA Capital Markets arranged the financing package for the undisclosed borrower.

The post IPA Arranges $75.1M Recapitalization for Monroe Hotel in Miami Beach appeared first on REBusinessOnline.

Eastwind Breaks Ground on 264-Unit Multifamily Development on Florida’s Space Coast

John Nelson — Wed, 09 Sep 2026 14:07:38 +0000

MELBOURNE, FLA. — Eastwind Development has broken ground on The Aston at Longleaf, a 264-unit multifamily development in Melbourne, a city on Florida’s Space Coast. The 17-acre project will be situated on Preserve Drive. Eastwind previously secured a $45.5 million construction loan from TD Bank. The developer plans to deliver the first units in late 2027 and fully deliver the community by mid-2028. Amenities will include a 10,000-square-foot clubhouse, 24-hour fitness center, coworking lounge, multi-sport gaming simulator room, resort-style swimming pool, outdoor kitchen, firepit, yoga lawn and a dog park with an adjacent pet spa. The design-build team includes FaverGray, FK Architecture, Kimley-Horn, Innovations Design Group and R Shana Designs.

The post Eastwind Breaks Ground on 264-Unit Multifamily Development on Florida’s Space Coast appeared first on REBusinessOnline.

EverBank Financial, WaFd Enter Into $3.9B Reverse Merger Transaction

John Nelson — Tue, 08 Sep 2026 14:09:39 +0000

JACKSONVILLE, FLA. AND SEATTLE — EverBank Financial Corp., the Jacksonville-based parent company of EverBank NA, has entered into a $3.9 billion reverse merger transaction with WaFd Inc. (NASDAQ: WAFD), the Seattle-based parent company of WaFd Bank. Under the terms of the agreement, EverBank Financial will merge into WaFd Inc., the latter of which will continue as the resulting financial holding company. WaFd Inc. will remain publicly traded but will change its name to EverBank Financial Corp. and trade on the Nasdaq Stock Exchange under the ticker symbol “EVBK.” Upon closing of the holding company merger, WaFd Bank, which has more than 200 locations in the Western United States, will merge with and into EverBank NA, which has more than 40 locations in Florida, California and New York. Upon completion of the transaction, which is expected for early 2027, EverBank Financial’s investors, which include funds managed by Stone Point Capital, Warburg Pincus, Reverence Capital Partners, Sixth Street, Bayview Asset Management and TIAA, will collectively own approximately 59.2 percent of the pro forma combined company, with WaFd Inc. shareholders owning approximately 40.8 percent. EverBank CEO Greg Seibly will continue to serve as CEO of EverBank post-merger, and WaFd CEO Brent Beardall will serve…

The post EverBank Financial, WaFd Enter Into $3.9B Reverse Merger Transaction appeared first on REBusinessOnline.

Orlando Industrial Demand Is Concentrating in the Right Places

John Nelson — Mon, 07 Sep 2026 11:20:00 +0000

When it comes to Florida’s industrial real estate market, Orlando is often viewed as a single, high-growth distribution and operations hub. For those of us on the ground, however, the more important story is that the market is no longer moving uniformly. According to Colliers’ market reports for the second quarter of 2026, the Central Florida market reached approximately 253.6 million square feet of industrial and flex inventory, while industrial vacancy improved to 7.4 percent from 7.5 percent in the first quarter. Those figures point to stable fundamentals overall; however, the reality is that demand is becoming more concentrated in well-connected submarkets with established infrastructure and modern industrial inventory. This shift is most visible among owner-users and tenants seeking less than 100,000 square feet. For these companies, location affects labor access, delivery times and operating costs. Large regional distribution users still evaluate sites through a broader logistics lens, often considering service radiuses of 200 to 400 miles, while smaller and midsized occupiers place greater weight on immediate connectivity. Southeast Orange County Southeast Orange County remains Orlando’s strongest industrial submarket because of its transportation connectivity, established infrastructure and concentration of modern industrial space. Southeast Orange County recorded 240,815 square feet of…

The post Orlando Industrial Demand Is Concentrating in the Right Places appeared first on REBusinessOnline.

Cushman & Wakefield Negotiates $83M Sale of Whole Foods-Anchored Shopping Center in Doral, Florida

Abby Cox — Fri, 04 Sep 2026 13:47:11 +0000

DORAL, FLA. — Cushman & Wakefield has negotiated the sale of Doral Marketplace, an 83,365-square-foot, newly constructed shopping center located in Doral, a western suburb of Miami. According to multiple media outlets, the property sold for $83 million. Whole Foods Market anchors the property, which was fully leased at the time of sale to tenants including Ulta Beauty, Shake Shack, J. Crew and Warby Parker. Mark Gilbert, Adam Feinstein and Mitchell Halpern of Cushman & Wakefield represented the seller, Atlanta-based SJC Ventures, in the transaction. The buyer is a high-net-worth family office advised by Lincoln Property Co.

The post Cushman & Wakefield Negotiates $83M Sale of Whole Foods-Anchored Shopping Center in Doral, Florida appeared first on REBusinessOnline.

JLL Arranges Sale of 356,514 SF Office Building in Orlando

Abby Cox — Fri, 04 Sep 2026 13:44:39 +0000

ORLANDO, FLA. — JLL Capital Markets has arranged the sale of Sea Harbor Office Center, a 356,514-square-foot office building located across from SeaWorld in Orlando. Robbie McEwan, Tucker Brooks and Jesse Jones of JLL represented the seller, Northridge Capital LLC, in the transaction. Duvalla Investments and Epoch Residential purchased the property for an undisclosed price. Originally built in 1984, the eight-story office building features a full-service cafeteria, fitness center, two separate lobbies and a five-story parking garage with 1,250 spaces, as well as an additional 380 surface parking spaces. The 14.2-acre site features Planned Development (PD) zoning that allows for future hotel and/or residential development.

The post JLL Arranges Sale of 356,514 SF Office Building in Orlando appeared first on REBusinessOnline.

Newmark Arranges $215.8M Refinancing for Waypoint Multifamily Portfolio in Florida

John Nelson — Thu, 03 Sep 2026 13:44:21 +0000

TAMPA, FLA. — Newmark has arranged $215.8 million in bridge financing for a five-property multifamily portfolio in Florida. Matthew Williams, Rob Wright, James Maynard and Kyle Schlitt of Newmark arranged the construction takeout financing through Benefit Street Partners on behalf of the borrower, Waypoint Residential. The 1,274-unit portfolio comprises newly constructed properties in Vero Beach, Port St. Lucie, Palm Bay, Davenport and Gainesville.

The post Newmark Arranges $215.8M Refinancing for Waypoint Multifamily Portfolio in Florida appeared first on REBusinessOnline.

JLL Arranges Sale of 10.5 MSF Southeast Industrial Portfolio for EQT Real Estate

John Nelson — Tue, 01 Sep 2026 14:22:51 +0000

CHICAGO — JLL has arranged the sale of a 10.5 million-square-foot industrial portfolio in the Southeast. EQT Real Estate is selling the 46-building portfolio to an affiliate of California-based LBA Realty for an undisclosed price. John Huguenard, Trent Agnew, Will McCormack and Tara Hagerty of JLL represented the seller in the transaction. Additionally, Kevin MacKenzie, Peter Thompson, Steven Klein and Chris Pratt of JLL arranged an undisclosed amount of acquisition financing through two national banks for the buyer. The sold portfolio features properties in 10 separate markets, including Charlotte and Greensboro, N.C.; Greenville-Spartanburg, S.C.; Atlanta and Savannah, Ga.; Tampa, Orlando and Jacksonville, Fla.; and Birmingham and Huntsville, Ala. The logistics facilities in the portfolio average 230,000 square feet in size, according to JLL.

The post JLL Arranges Sale of 10.5 MSF Southeast Industrial Portfolio for EQT Real Estate appeared first on REBusinessOnline.

SCALE Lending Provides $245M Loan for First Phase of Upland Park Apartments in Miami

John Nelson — Tue, 01 Sep 2026 14:21:00 +0000

MIAMI — SCALE Lending, the debt financing arm of Slate Property Group, has provided a $245 million bridge loan for Phase IA of Upland Park, a $1 billion mixed-use development underway on 47 acres in Miami’s Sweetwater neighborhood. The transit-oriented project is a redevelopment of West Miami-Dade County’s former Dolphin Park-and-Ride/Transit Terminal Facility. The borrower and developer, Terra Group, will use proceeds of the loan to pay off the existing construction loan, which was also provided by SCALE Lending. The floating-rate loan features two six-month extension options. Terra expects to complete construction of the first phase, which comprises 578 apartments across five residential buildings, next month. The company has tapped Charleston-based Greystar as the property manager. Floorplans come in studio through three-bedroom configurations, with monthly rental rates ranging from $2,726 to $4,811, according to Apartments.com. Amenities will include pickleball courts, a dog park, bike storage, EV charging stations, swimming pools, lake access and a clubhouse featuring a theater, social lounges, a business center, fitness centers and a children’s playroom. The design-build team includes PPK Architects, master architect Arquitectonica and urban planner Plusurbia Design. At full completion, Upland Park will feature more than 2,000 apartments, a 126-room hotel, roughly 282,000 square…

The post SCALE Lending Provides $245M Loan for First Phase of Upland Park Apartments in Miami appeared first on REBusinessOnline.

Fairfield Acquires 812-Unit Apartment Community in West Palm Beach from Cortland for $208M

John Nelson — Tue, 01 Sep 2026 14:13:57 +0000

WEST PALM BEACH, FLA. — Fairfield, a multifamily owner-operator based in San Diego, has acquired Portofino Place Apartments in West Palm Beach. Atlanta-based Cortland sold the 812-unit property to Fairfield for $208 million, according to multiple media outlets. Located at 4400 Portofino Way in West Palm Beach, Portofino Place features one-, two- and three-bedroom layouts, as well as two-story loft residences. Amenities include four resort-style swimming pools, a 24-hour fitness center, yoga studio, pickleball and tennis courts, indoor basketball court, coworking space, dog park and multiple social and recreation areas. Walker & Dunlop arranged the financing and brokered the transaction, according to Fairfield.

The post Fairfield Acquires 812-Unit Apartment Community in West Palm Beach from Cortland for $208M appeared first on REBusinessOnline.