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Gilbane, CBRE Investment Begin Leasing 703-Bed Student Housing Development Near University of Florida

John Nelson — Mon, 29 Jun 2026 12:26:00 +0000

GAINESVILLE, FLA. — Gilbane Development and CBRE Investment Management have begun leasing Zaya, a 703-bed student housing project located at 3600 S.W. 20th Ave. in Gainesville. The property, which broke ground last year, is situated less than one mile from the University of Florida campus and Butler Center, a retail destination featuring three power retail centers: Butler Plaza, Butler North and Butler Town Center. Scheduled for completion in fall 2027, Zaya will offer 352 units with bed-to-bath parity. Shared amenities are set to include three courtyards, study rooms on each floor, a coworking lounge, rooftop resort-style pool, pickleball court, clubhouse, 24-hour fitness center, yoga studio and an indoor sauna.

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CP Group Brings Occupancy at Central Florida Office Campus to 93 Percent

John Nelson — Mon, 29 Jun 2026 12:20:00 +0000

LAKE MARY, FLA. — CP Group has improved the occupancy rate at Northpoint Center, a 334,000-square-foot office campus in the Orlando suburb of Lake Mary, from 76 percent to 93 percent in under two years. The Boca Raton-based office giant has executed more than 126,000 square feet of leases since recapitalizing and renovating the three-building office campus two years ago. Recently, CP Group signed a new 16,586-square-foot lease with Staples Contract & Commercial LLC, a subsidiary of the retailer Staples, and a 13,707-square-foot lease expansion for Westwood Professional Services, which is more than doubling its footprint at Northpoint Center. Madison Kimball of JLL represented the landlord in both transactions. Chris Mullen and Andrei Savitski of CBRE represented Staples, and John Beach and Catherine Gibbons of Newmark represented Westwood.

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Miami’s Office Market Has Moved Beyond the Migration Narrative

John Nelson — Mon, 29 Jun 2026 11:45:00 +0000

Miami’s office market is no longer defined by migration alone. What is driving performance today is expansion, constrained supply and long-term corporate commitments that continue to support growth, even as many U.S. office markets navigate ongoing uncertainty. At its core, this cycle is defined by the imbalance between rising demand for space and the limited availability of high-quality office product. Companies are not only maintaining a presence in Miami, but they are scaling, and that expansion is increasingly shaping the direction of the market. That dynamic has been evident over the past five years and continued in the first quarter. Leasing activity has settled in above pre-2020 levels and the Miami-Dade County office market continues to record positive absorption. With 89,000 square feet of positive absorption this quarter, the Miami-Dade office market has absorbed approximately 3.4 million square feet since the start of 2021. That strong demand has pushed asking rents to $66.30 per square foot, up 10.6 percent year-over-year, and 53 percent since first-quarter 2021. The market also continued to attract institutional attention, underscored by Palantir’s decision to establish its headquarters in Miami. Underlying these numbers is a structural advantage that continues to set Miami apart: utilization. The city…

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Berkadia Arranges $100.4M Refinancing for Office Campus in Palm Beach Gardens, Florida

John Nelson — Fri, 26 Jun 2026 14:19:51 +0000

PALM BEACH GARDENS, FLA. — Berkadia has arranged a $100.4 million loan for the refinancing of DiVosta Towers, a two-building office campus located at 3825 and 3835 PGA Blvd. in Palm Beach Gardens, a city in South Florida’s Palm Beach County. The Class A property comprises two 11-story office buildings spanning 220,000 square feet that are connected by a parking structure. The property was fully delivered in 2020 and houses tenants including JP Morgan, Wealthspire Advisors and Virtu Financial, among others. Charles Foschini, Scott Wadler and Shannon Wilson of Berkadia’s Miami office arranged the three-year, floating-rate loan through Cirrus Real Estate on behalf of the borrower, Gatsby Florida. The sponsor is also building The Modern at Palm Beach Gardens, a 220,000-square-foot office building located at 11200 RCA Center, less than one mile from DiVosta Towers.

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Waterton Purchases 358-Unit Apartment Community in South Florida for $80.5M

John Nelson — Fri, 26 Jun 2026 14:15:17 +0000

PEMBROKE PINES, FLA. — Waterton has purchased The Landings at Pembroke Lakes, a 358-unit, garden-style apartment community located at 10650 Washington St. in Pembroke Pines, a city in South Florida’s Broward County. The Chicago-based owner-operator plans to invest in light capital improvements to the property’s interiors and common areas, including new equipment on its lakefront beaches. The seller and sales price were not disclosed, but South Florida Business Journal reports the property traded at $80.5 million. Walker & Dunlop represented both the buyer and seller in the transaction and also arranged acquisition financing. Built in 1989 around a 45-acre lake, The Landings at Pembroke Lakes is situated on a 27-acre site and offers a mix of one- and two-bedroom apartments. Amenities include a resort-style pool, clubhouse, fitness center, dog park, tennis courts and sand volleyball courts.

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JLL Brokers $23.5M Sale of Aldi-Anchored Shopping Center in Port Charlotte, Florida

John Nelson — Thu, 25 Jun 2026 14:45:24 +0000

PORT CHARLOTTE, FLA. — JLL has brokered the $23.5 million sale of Promenades Port Charlotte, a grocery-anchored shopping center located at 3280 Tamiami Trail in Port Charlotte. The 1970s-era property was completely renovated in 2024 and its Winn-Dixie anchor was recently rebranded to Aldi. Promenades Port Charlotte was 79.5 percent leased at the time of sale to tenants including Bealls Outlet, HCA Florida Fawcett Hospital and YouFit Gym. Danny Finkle, Jorge Portela, Kim Flores and Jacob Wise of JLL represented the undisclosed seller in the transaction. Kenny Cutler and Paul Adams, also with JLL, arranged an $18.4 million acquisition loan through Intercredit Bank for the buyer, Corinthian Capital LLC.

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JLL Brokers $48.4M Sale of Industrial Park in Fort Myers, Florida

John Nelson — Wed, 24 Jun 2026 13:39:34 +0000

FORT MYERS, FLA. — JLL has brokered the $48.4 million sale of Meridian Business Campus, a four-building industrial park located at 16101-16301 Parallel Drive in Fort Myers. Built in 2023 near Southwest Florida International Airport, the 208,447-square-foot park was 96.5 percent leased at the time of sale to eight tenants. Capital Partners acquired the 17.3-acre industrial park from a joint venture between Geis Cos. and Westminster Capital. John Huguenard, Luis Castillo and Cody Brais of JLL represented the seller in the transaction. Billy Mork of CBRE’s Debt and Structured Finance team in Minneapolis secured a 10-year acquisition loan for Capital Partners. The loan was underwritten at a fixed 5.5 percent interest rate with a partial interest-only period and 30-year amortization schedule.

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Related Group Breaks Ground on 24-Story Apartment Tower in Downtown Tampa

John Nelson — Fri, 19 Jun 2026 13:34:10 +0000

TAMPA, FLA. —  Related Group has broken ground on Manor Riverwalk, a 24-story apartment tower located at 101 S. Parker St. in downtown Tampa. Designed by architecture firm Arquitectónica with interiors by ID & Design International, the tower will contain 369 residences, 3,000 square feet of fitness-based amenities and dedicated work areas along the Hillsborough River. Manor Riverwalk will also feature a 23,000-square-foot amenity deck, which will include shaded cabanas, a glass-edged jacuzzi, outdoor bar and entertainment terrace, pickleball court and a putting green, an 805-space parking garage and 18,000 square feet of retail space. The groundbreaking of Manor Riverwalk marks the start of the development of Related Group’s waterfront master plan, which is expected to eventually feature five buildings with 1,229 residences and 37,000 square feet of ground-floor retail space, with a woonerf (or walkable street) connecting them all. In later phases, the master-planned project will include a boutique apartment building, a standalone garden retail parcel, a luxury condominium and two more rental towers. No timeline was given for completion of any phase.

Kolter Multifamily Begins Construction on 386-Unit Apartment Community in Delray Beach, Florida

John Nelson — Fri, 19 Jun 2026 13:13:51 +0000

DELRAY BEACH, FLA. — Kolter Multifamily, a residential development affiliate of the Kolter Group, has begun construction on Alton Delray, a 386-unit apartment community located in South Florida between Fort Lauderdale and West Palm Beach. The development will consist of multiple six-story residential buildings at 2101 S. Congress Ave. in Delray Beach. Amenities will include a pool and a dog park. K olter Multifamily previously secured $92 million in construction financing from U.S. Bank for the project, according to South Florida Business Journal. The media outlet also reported that Kolter Multifamily was able to develop on the industrial-zoned land under Florida’s Live Local Act. Initial delivery of units at Alton Delray is slated for late 2027.

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Newmark Secures Refinancing for 448-Unit Apartment Community in Boca Raton

John Nelson — Thu, 18 Jun 2026 14:03:01 +0000

BOCA RATON, FLA. — Newmark has secured a loan of an undisclosed amount for the refinancing of The Seven at West Boca, a 448-unit apartment community located at 10235 Boca Entrada Blvd. in Boca Raton. Danny Matz, Roberto Salcedo, Matthew Williams and Robert Wright of Newmark secured the floating-rate loan through PGIM on behalf of the borrower, Grand Peaks, which acquired the property in 2024. Originally built in 1988, The Seven at West Boca features apartments averaging 883 square feet in size, as well as two swimming pools, a fitness center, barbecue areas, tennis courts and a playground.

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Stonemont Inks Full-Building Industrial Lease in Tampa Spanning 100,698 SF

John Nelson — Thu, 18 Jun 2026 14:01:34 +0000

TAMPA, FLA. — Atlanta-based Stonemont has executed a full-building lease at TIA Executive Center, a 100,698-square-foot industrial facility located at 6111 Johns Road in Tampa. The name of the tenant was not disclosed, but Tampa Bay Business Journal reports that Google’s self-driving car platform Waymo is leasing the entire building to be used as warehouse space. John Dunphy and Pete Cecora of JLL represented Stonemont in the lease negotiations. David Kaplan, Kyle Massie and Winston Fox led the Stonemont team internally on the transaction. Stonemont delivered TIA Executive Center in October 2025 in partnership with PCCP. The property, which is situated two miles from Tampa International Airport, features 32-foot clear heights and has one speculative office suite.

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Marcus & Millichap Brokers $19.5M Sale of Westgate Square Shopping Center in Orlando

John Nelson — Wed, 17 Jun 2026 14:26:21 +0000

ORLANDO, FLA. — Marcus & Millichap has brokered the $19.5 million sale of Westgate Square, a 136,189-square-foot, grocery-anchored shopping center located at 2625 Hiawassee Road in Orlando. Salim Valiani and Yassin Benkabbou of Marcus & Millichap represented the seller, a private high-net-worth individual from South Florida, in the transaction. The buyer was also not disclosed. Built in 1981 and renovated in 1990, Westgate Square was fully leased at the time of sale to Bravo Supermarket, Goodwill, Family Dollar and Hibbett Sports.

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SRS Arranges $10.9M Sale of New Retail Strip Center in Bradenton, Florida

John Nelson — Wed, 17 Jun 2026 14:11:48 +0000

BRADENTON, FLA. — SRS Real Estate Partners has arranged the $10.9 million sale of Heritage Station, a 13,538-square-foot retail strip center located in Bradenton. Spanning nearly three acres across two buildings, the newly constructed property was fully leased at the time of sale to tenants including Aspen Dental, Chipotle Mexican Grill, Five Guys, Einstein Bros. Bagels and America’s Best Contacts & Eyeglasses. Heritage Station sits adjacent to Marketplace at Heritage Harbour, a 500,000-square-foot shopping center. William Wamble and Patrick Nutt of SRS represented the seller and developer of the property, a joint venture between SREG, an Atlanta-based retail developer, and Bones Investment Group, a private real estate fund for professional athletes based in Tampa. The buyer was a Minnesota-based private investor.

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Retailers Move Beyond Leasing to Legacy Ownership

John Nelson — Tue, 16 Jun 2026 11:45:00 +0000

Earlier this year, Publix Super Markets purchased a portfolio of six Publix-anchored shopping centers in the Southeast for $130.4 million. The Lakeland, Fla.-based grocer has been aggressively growing its ownership portfolio of shopping centers as the company sees value in being its own landlord. Other large anchors like Walmart and Dillard’s have also purchased shopping centers and malls in recent months. Jason Donald, managing director of retail investment sales at Franklin Street, says that it’s not just the big box anchors that are getting in on the trend. Donald represents an undisclosed retail bank that is pursuing this strategy, which he says is becoming more popular as the capital markets make the ownership model more viable, especially for high creditworthy tenants. “With interest rates coming down and money being readily available, the propensity is shifting that tenants now want to own their own assets,” says Donald. “We’re seeing less leasing and more propensity to own, banks and gas stations especially are getting on that train. That’s the shift in the market we’re seeing more than anything else.” REBusinessOnline recently caught up with Donald to discuss the buyer pool for retail properties, as well as other investment sales trends including the…

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13th Floor, Barings Receive $134M Construction Loan for Final Residential Tower at Link at Douglas in Miami

Abby Cox — Mon, 15 Jun 2026 13:21:59 +0000

MIAMI — A partnership between 13th Floor Investments and Barings has received a $134 million construction loan for the development of Crescendo, the fourth and final residential tower located within the Link at Douglas mixed-use project in Miami. Santander Bank, TD Bank and First Horizon Bank provided financing. The first phase of Link at Douglas, which opened in 2023, included the 312-unit Core and 421-unit Cascade residential buildings, along with more than 30,000 square feet of retail space anchored by Milam’s Market. The project’s third residential tower, known as Cadence, is slated for completion in 2028 and will feature 432 apartments. With the addition of the 392-unit Crescendo in 2029, Link at Douglas will comprise approximately 1,500 residential units across four buildings. 13th Floor and Barings first broke ground on Link at Douglas in 2019. 13th Floor has multiple projects underway in South Florida, including Link at Boca in Boca Raton and Link at SoMi in South Miami.

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Hamilton Development Breaks Ground on 307,544 SF Industrial Park in Metro Miami’s Flagler Station

Abby Cox — Mon, 15 Jun 2026 13:18:28 +0000

MEDLEY, FLA. — Hamilton Development has broken ground on Flagler Station Logistics Center, a planned 307,544-square-foot, two-building industrial project located within the 900-acre Flagler Station business park in the Miami suburb of Medley. Flagler Station Logistics Center is slated for completion in July 2027. In October 2025, Hamilton Development finalized the acquisition of three office buildings in the Flagler Station business park, two of which are being redeveloped to become Flagler Station Logistics Center. The third building will continue to operate as office space. Building 1 will span 154,465 square feet and will feature rear-load configurations with 36-foot clear heights, 26 dock doors and three drive-in doors. Building 2 will total 153,079 square feet and will comprise rear-load configurations with 36-foot clear heights, 30 dock doors and three drive-in doors. Both buildings will include an ESFR sprinkler system and private truck court, along with immediate access to the Florida Turnpike, I-75 and the Palmetto Expressway. Steve Medwin and Nick Wigoda of Stream Realty Partners are handling leasing for Flagler Station Logistics Center.

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BCIP Acquires 32.6 Acres on Florida’s Space Coast, Plans Grocery-Anchored Mixed-Use Development

Abby Cox — Fri, 12 Jun 2026 13:11:36 +0000

WEST MELBOURNE, FLA. — Barron Collier Investment Partners (BCIP) has acquired 32.6 acres from MultiVerse Global, the developers of the 225-acre Space Coast Town Center in West Melbourne, a city on Florida’s Space Coast. BCIP will develop The Landing at Space Coast, a planned mixed-use project that will serve as the cornerstone of the larger master-planned community. Phase I of the project will include approximately 77,750 square feet of retail space anchored by a grocery store, along with restaurant and service-oriented tenants and 300 residential apartments. Phase II will comprise 70,000 square feet of commercial space, as well as a public art component that “celebrates the innovation, exploration and heritage that defines Florida’s Space Coast,” according to the press release. Upon completion of Space Coast Town Center, the development will include more than 2,000 multifamily residential units, 300 hotel rooms, 360,000 square feet of office space, 257,000 square feet of retail and restaurant space, a grocery store anchor and various public gathering areas.

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Atlantic Capital Partners Arranges $78.5M Sale of 750,000 SF Shopping Center on Florida’s Space Coast

John Nelson — Thu, 11 Jun 2026 14:24:56 +0000

WEST MELBOURNE, FLA. — Atlantic Capital Partners has arranged the $78.5 million sale of Hammock Landing, a 750,000-square-foot power retail center located in West Melbourne, a city on Florida’s Space Coast. Tenants at Hammock Landing include Marshalls, HomeGoods, Ross Dress for Less, Academy Sports + Outdoors, Petco, Buffalo Wild Wings, AT&T, Ulta Beauty and SunTrust Bank. Target and Kohl’s shadow-anchor the property. The first phase of the center was developed in 2009, and the second phase was delivered in 2014. Justin Smith, Sam Koonce, Dean Sands, Chris Peterson, Fred Victor and Matt Ericson of Atlantic Capital Partners represented the seller, a joint venture between CBL Properties and The Benchmark Group, and secured the undisclosed buyer in the transaction.

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CBRE Brokers $34M Sale of Industrial Portfolio in Palm Beach County

John Nelson — Wed, 10 Jun 2026 14:07:03 +0000

RIVIERA BEACH, FLA. — CBRE has arranged the $34 million sale of a 180,050-square-foot industrial portfolio in Riviera Beach, a city in South Florida’s Palm Beach County. The portfolio includes two buildings that are located at 1701 Australian Ave. and 2001 Australian Ave. The 1701 building, which spans 69,500 square feet, was fully leased at the time of sale to a single tenant, while the 2001 building totals 111,000 square feet. Both buildings include 28-foot clear heights, dock and ramp loading, rail service and yard space. The buyer, an entity doing business as SL Acquisitions LLC, plans to renovate both properties. Robert Smith and Kirk Nelson of CBRE represented the buyer, which is retaining the duo to lease the property. The seller was an entity doing business as RLIF Riviera Beach SPE.

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Dalfen Industrial Acquires 419,253 SF Portfolio in South Florida

John Nelson — Tue, 09 Jun 2026 14:11:28 +0000

FORT LAUDERDALE, FLA. — Dalfen Industrial has acquired a nine-building industrial portfolio in South Florida’s Broward County totaling 419,253 square feet. The Dallas-based investment and development firm purchased the properties at 55 percent replacement cost. The portfolio was 83 percent leased at the time of sale to tenants including FedEx, Event Service Group Realestate LLC, Chromalloy Material Solutions LLC and Commercial Distribution Specialists Inc. The properties offer direct access to I- 95 and the Florida Turnpike, as well as proximity to Port Everglades and Fort Lauderdale-Hollywood International Airport. The seller and sales price were not disclosed.

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