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MMG Plans to Develop 35,810 SF Retail Center at Kendall Town Center in South Florida

John Nelson — Thu, 21 May 2026 13:13:33 +0000

WEST KENDALL, FLA. — MMG Equity Partners is under contract to acquire a 5.1-acre site within Kendall Town Center, a 70-acre master-planned community in West Kendall. The project, called The Shops at Kendall Town Center, will feature 35,810 square feet of restaurants and shops and 4,321 square feet of outdoor terrace space. The developer has submitted plans to Miami-Dade County and is currently seeking administrative site plan approval. The site is located at the intersection of North Kendall Drive (SW 88th Street) and Southwest 158th Avenue. MMG has selected Ed Schmidt and Robert Eckstein of NAI Miami/Fort Lauderdale to lead leasing at The Shops at Kendall Town Center, with half of the space reserved for restaurant tenants.

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Dobbins Begins Construction on 230-Unit Apartment Development in New Port Richey, Florida

John Nelson — Wed, 20 May 2026 12:12:39 +0000

NEW PORT RICHEY, FLA. — Dobbins Group, alongside general contractor Capstone Building Corp., has broken ground on Charleston Ridge Apartments, a 230-unit community located at 9949 Elyton Loop in New Port Richey, a northwest suburb of Tampa in Pasco County. The property will comprise four four-story apartment buildings housing 224 units and six two-bedroom townhomes atop 10,000 square feet of commercial space. Amenities will include a fitness center, clubroom, lounge, tenant market, swimming pool, electric vehicle charging stations and smart vehicular and pedestrian access controls. Dobbins Group plans to deliver Charleston Ridge in 2027.

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SRS Brokers $6.6M Sale of Two Adjacent Retail Outparcels in Metro Tampa Leased to Dutch Bros, Fifth Third Bank

John Nelson — Wed, 20 May 2026 12:11:08 +0000

LUTZ, FLA. — SRS Real Estate Partners has brokered the $6.6 million ground lease sale of two adjacent retail properties located at 18640 and 18710 Fla. Highway 54 in Lutz, a northern suburb of Tampa in Hillsborough County. Dutch Bros and Fifth Third Bank occupy the two newly developed properties on triple-net leases, with 15 and 20 years remaining on their terms, respectively. Patrick Nutt and William Wamble of SRS represented the seller, an Atlanta-based development and investment group, in the portfolio transaction. The Tampa-based buyer purchased both properties in a 1031 exchange. Both parties requested anonymity.

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Stotan, CrossHarbor Capital to Develop 306,980 SF Industrial Property on Florida’s Space Coast

John Nelson — Tue, 19 May 2026 13:30:22 +0000

TITUSVILLE, FLA. — A partnership between Chicago-based Stotan Industrial and CrossHarbor Capital Partners plans to develop NASA Causeway Logistics Center, a two-building industrial project totaling 306,980 square feet in Titusville, a city on Florida’s Space Coast in Brevard County. The 28.6-acre site, located within Vector Space Business Park, will sit immediately adjacent to the NASA Causeway and approximately five miles from Kennedy Space Center. NASA Causeway Logistics Center will comprise the 215,460-square-foot Building A and the 91,520-square-foot Building B. The buildings will offer 32-foot clear heights, up to 85 dock-high doors, four drive-in doors, more than 300 auto parking spaces and 55 trailer parking spaces. Lightle Beckner Robison advised Stotan in the land deal. Construction will begin immediately, with delivery anticipated in second-quarter 2027.

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11North Acquires 285,497 SF Grocery-Anchored Retail Center in Altamonte Springs, Florida

Abby Cox — Mon, 18 May 2026 13:47:18 +0000

ALTAMONTE SPRINGS, FLA. — 11North Partners has acquired West Town Corners, a 285,497-square-foot retail center located in Altamonte Springs, roughly 16 miles north of Orlando. Winn-Dixie anchors the property, which features a mix of additional tenants including PetSmart, T.J. Maxx, Five Below, Panera Bread, Bath & Body Works, Crumbl Cookies and American Signature Furniture. Danny Finkle and Jorge Portela of JLL represented the undisclosed seller in the transaction. Washington Prime Group sold the property for $59.5 million, according to several media outlets.

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CFAM, RPM Living Acquire 380-Unit Waterfront Multifamily Community in North Miami

Abby Cox — Fri, 15 May 2026 13:20:22 +0000

NORTH MIAMI, FLA. — A joint venture between affiliates of Cantor Fitzgerald Asset Management (CFAM), the investment and asset management division of Cantor Fitzgerald, and RPM Living, have acquired Biscayne Shores, a 380-unit waterfront multifamily community located in North Miami. Miami-based Integra Investments, in partnership with Andrew Korge of Korgeous Group and David Larson of DCL Capital, developed the property in 2024. The purchase price was $151 million, according to various media outlets. Spanning 8.2 acres, the 15-story tower comprises 288 apartments and 92 townhomes ranging in configuration from studios to three-bedroom units. Biscayne Shores also offers approximately 15,000 square feet of amenity space that includes a fitness center, swimming pool, children’s playroom and a rooftop terrace.

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Aventon Breaks Ground on 270-Unit Residential Development in Tampa

Abby Cox — Fri, 15 May 2026 13:19:33 +0000

TAMPA, FLA. — Aventon Cos. has broken ground on Aventon Eva, a 270-unit multifamily development located at the intersection of Little and Decubellis roads in Tampa. The developer will begin leasing the three-story, garden-style complex in July 2027. Aventon Eva will offer one-, two- and three-bedroom floorplans, as well as a resort-style swimming pool, clubhouse with dedicated remote workspace, pet spa and a 24/7 fitness center. The property marks Aventon’s third ground-up community in the Tampa Bay region. The project team includes Cormia Design (architect) and Studio 5 Interiors (interior designer).

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Torburn, Jamestown Announce Next Steps for Mixed-Use Redevelopment of Sarasota Square Mall in Florida

Abby Cox — Fri, 15 May 2026 11:45:00 +0000

SARASOTA, FLA. — Torburn Partners, a real estate development and investment firm based in Chicago, and leasing and placemaking partner Jamestown are moving forward with Sarasota Square, a mixed-use redevelopment of the former Sarasota Square Mall. The mixed-use development spans nearly 100 acres at the corner of South Tamiami Trail and Beneva Road in Sarasota. Sarasota Square Mall originally opened in September 1977 and closed in December 2024. Phase I of the project, which is expected to be delivered in the first quarter of 2027, will introduce approximately 90,000 square feet of daily-needs tenants, such as Whole Foods Market, HomeSense, Charles Schwab, CAVA, Joe & the Juice and Chipotle Mexican Grill. Most recently, Warby Parker signed a 2,040-square-foot lease, bringing the first phase to 88 percent preleased. Additional leasing and development announcements will be shared as the project progresses. Jamestown, an Atlanta-based development and management firm that specializes in placemaking for retail and mixed-use environments, has begun leasing negotiations for Phase II. “With Phase II, we’re targeting operators that deliver a sense of discovery and a unique point of view,” says Adam Schwegman, head of retail leasing at Jamestown. “The early response from prospective tenants has been incredibly strong, reinforcing…

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Cushman & Wakefield Negotiates Sale of Publix-Anchored Shopping Center in Central Florida

John Nelson — Thu, 14 May 2026 13:49:59 +0000

LONGWOOD, FLA. — Cushman & Wakefield has negotiated the sale of the Shoppes of Sweetwater, a 64,253-square-foot, Publix-anchored shopping center located at 3857 Wekiva Springs Road in Longwood, roughly 15 miles north of Orlando. Mark Gilbert, Adam Feinstein and Mitchell Halpern of Cushman & Wakefield represented the seller, an entity doing business as Shoppes of Sweetwater Inc., in the transaction. Washington, D.C.-based Graphite Real Estate was the buyer. The sales price was not released. Shoppes of Sweetwater, which was 94 percent leased at the time of sale, features a mix of tenants such as CVS, The Hummus Corner, Li’s Garden Chinese Restaurant, Aca-Pulquito Cocina Mexicana, Sassy Nails, State Farm Insurance, Duvall Dance Academy, Supercuts, Leslie’s Pool Supplies and Sweetwater Yoga & Fitness. The sale also included an outparcel leased to McDonald’s, as well as an undeveloped 0.6-acre parcel. Graphite Real Estate has retained John Crossman of CrossMarc Services to handle leasing for the center. Crossman was the leasing agent responsible for bringing Publix to the center in 2002, according to Cushman & Wakefield.

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Walker & Dunlop Provides $53.7M Agency Refinancing for Student Housing Community in Daytona Beach

John Nelson — Thu, 14 May 2026 13:48:23 +0000

DAYTONA BEACH, FLA. — Walker & Dunlop has provided a $53.7 million Freddie Mac loan for the refinancing of OnShore, a 636-bed student housing community located near Embry-Riddle Aeronautical University in Daytona Beach. Delivered in 2020, the community offers 210 units alongside shared amenities including a fitness center, study areas, an infinity pool and a flight simulator. Will Baker, Mike Shropshire, William Shell and Doug McDaniel of Walker & Dunlop originated the seven-year, floating-rate loan with a four-year interest-only period on behalf of the borrower, a partnership between L3 Campus and Aureon Partners. Austin Kinn of TSB Capital Advisors also consulted on the transaction on behalf of the borrower.

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Berkadia Arranges $37M Construction Loan for Apartment Development in Palm Bay, Florida

John Nelson — Wed, 13 May 2026 12:05:00 +0000

PALM BAY, FLA. — Berkadia has secured a $37 million construction bridge loan to finance Astor Pointe, a 171-unit, garden-style multifamily community underway at 3400 Wedgewood Drive NE in Palm Bay. Scott Wadler, Patrick Johnson, Mitch Sinberg, Matt Robbins and Brad Williamson of Berkadia arranged the 24-month loan through RMWC on behalf of the borrower, Miami-based Midtown Capital Partners. The developer will use proceeds of the floating-rate loan to retire the existing construction debt and fund remaining completion costs as Astor Pointe delivers and stabilizes. The waterfront property will feature a mix of one-, two- and three-bedroom residences averaging approximately 870 square feet in size. Amenities will include a resort-style pool, clubhouse, fitness center, outdoor entertainment areas, dog park and spa, game room and a coffee bar.

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Cushman & Wakefield Brokers Sale of 174,037 SF Power Retail Center in Metro Jacksonville

John Nelson — Tue, 12 May 2026 12:05:00 +0000

ORANGE PARK, FLA. — Cushman & Wakefield has brokered the sale of Bolton Plaza, a 174,037-square-foot power retail center in Orange Park, about 20 miles south of Jacksonville. A privately held investment firm purchased the center from KPR Centers for an undisclosed price. Mark Gilbert, Adam Feinstein and Mitchell Halpern of Cushman & Wakefield’s Retail Advisory Group represented the seller in the transaction. Bolton Plaza was fully leased at the time of sale to tenants including Aldi, Academy Sports + Outdoors, LA Fitness and Marshalls.

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JLL Arranges $600M Refinancing for The Diplomat Beach Resort in Hollywood, Florida

Abby Cox — Mon, 11 May 2026 13:32:19 +0000

HOLLYWOOD, FLA. — JLL has arranged the $600 million refinancing of The Diplomat Beach Resort, a 1,000-room hospitality development located in the South Florida city of Hollywood near Fort Lauderdale/Hollywood International Airport. Kevin Davis, Mike Huth, Wyatt Krapf, Jade Lewin and Malia Buljat of JLL’s Hotels & Hospitality team arranged the floating-rate loan through JP Morgan Chase & Co. and Citibank on behalf of the borrower, a joint venture between real estate funds managed by Trinity Investments and UBS Asset Management’s Global Real Assets business. The refinancing follows a comprehensive $80 million renovation program completed by Hilton Worldwide and the ownership group to convert the property to the Signia by Hilton brand. The Diplomat Beach Resort consists of a twin-spired, 36-story tower containing hotel rooms and suites, a 15,000-square-foot spa, six restaurants and bars, multiple pools and waterfalls and approximately 200,000 square feet of integrated meeting and event space. Additionally, the property is situated on 10 acres of Atlantic Ocean beachfront that offers kayaking, paddleboarding and jet ski rentals.

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Dwight Capital Provides $130M HUD-Insured Refinancing for North Miami Apartment Community

Abby Cox — Mon, 11 May 2026 13:30:44 +0000

NORTH MIAMI, FLA. — Dwight Capital has provided a $130 million HUD 223(f) loan for the refinancing of The Gardens Residences, a 358-unity luxury apartment building located in downtown North Miami. Keith Hoffman and Aaron Kirshtein of Dwight Capital originated the 35-year, fixed-rate loan on behalf of the borrowers, Sebastien Scemla, John Lago and Shawn Chemtov of Omega Real Estate Management Group. The loan proceeds will be used to retire an existing Dwight Mortgage Trust bridge loan, return equity to the borrower and provide a fully amortizing mortgage. This transaction marks the largest HUD loan ever closed in the state and the largest multifamily loan approved by HUD’s Southeast regional office, according to Dwight Capital. Completed in 2024, the nine-story apartment complex houses studio, one-, two- and three-bedroom units that are reserved for renters earning between 80 and 120 percent of the area median income (AMI). The Gardens Residences features a mix of amenities including a swimming pool and spa, fitness center, yoga lawn, pet spa, grilling area and lounges.

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Benderson, The Villages to Develop 700-Acre Hospital-Anchored Campus in Central Florida

John Nelson — Mon, 11 May 2026 12:00:00 +0000

THE VILLAGES, FLA. — Benderson Development, in a collaboration with The Villages, has announced plans to develop Legacy Place, a 700-acre mixed-use development in Central Florida. The project will be situated along three miles of Florida’s Turnpike near County Road 470 and Central Parkway and serve as the southern gateway to The Villages master-planned community. A new 25-acre hospital operated by Florida-based AdventHealth will anchor Legacy Place, serving communities across Sumter, Lake and Marion counties, including residents within The Villages. Construction on the 80-bed hospital, which will have emergency and surgical services, is expected to begin in 2027, with an opening projected in 2030. The Wildwood–The Villages metropolitan area has been among the fastest-growing in the country, with population rising by nearly 20 percent over the past four years. “This region is growing quickly, and that kind of growth brings both opportunity and responsibility,” says Rob Deininger, CEO of AdventHealth’s East Florida division. “We’re planning for what families will need not just today, but years from now, making sure the medical infrastructure keeps pace. This will strengthen how people receive care across the region, helping connect care and reduce the need for travel.” At full build-out, Legacy Place will feature 3…

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Frampton Completes First Phase of 1.5 MSF Race Track Logistics Pompano Industrial Park in South Florida

Abby Cox — Fri, 08 May 2026 14:18:25 +0000

POMPANO BEACH, FLA. — Frampton Construction has completed the first phase of Race Track Logistics Pompano, a 1.5 million-square-foot industrial development underway in Pompano Beach. Developed by Boston-based Rockpoint Group and designed by Ware Malcomb, Phase I of the project included the vertical construction of four buildings totaling 620,738 square feet. The 87-acre site is situated within the master plan of The Pomp, a $2 billion, 223-acre mixed-use campus that is anchored by the Harrah’s Pompano Beach Casino, Topgolf. Race Track Logistics Pompano features two-story glass storefronts, specialized exterior design elements, expansive landscaping and a TPO roofing system. The LEED-certified project, which is now welcoming its first tenants, offers a mix of custom spaces and speculative office suites that support a range of logistics and distribution users. CBRE is handling leasing for the development.

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Colliers Brokers $35M Sale of Five-Property Mixed-Use Portfolio on Florida’s Space Coast

Abby Cox — Fri, 08 May 2026 14:17:24 +0000

MELBOURNE, FLA. — Colliers has brokered the $35 million sale of a five-property portfolio totaling more than 294,000 square feet of office, industrial, retail and medical office space in Melbourne, a city on Florida’s Space Coast. The portfolio, dubbed the Florida Space Coast Investment Portfolio, featured multiple transactions between August 2025 and April 2026. Melbourne Corporate Center, a 33,623-square-foot office building that is fully leased to aerospace engineering firm Aeronix, sold for $3.1 million. Hibiscus Professional Center, which sold for $2.5million, totals 26,300 square feet and is leased to National Drug Screening, Benezra Gynecology and Hanger Prosthetics. Imperial Plaza, a 107,000-square-foot office and retail center, sold for $12.2 million and is occupied by tenants such as the Department of State, FBI and DCAA, Stifel and Fiesta Azteca. Centre at Suntree, an 82,172-square-foot retail and medical property, sold for $12.3 million and is home to Premier Urgent Care, Moon Golf and Huntington Learning Center. Lastly, Rivercrest Professional Center, a 45,475-square-foot office and flex property, sold for $5 million and is occupied by Health First and Cape Canaveral Hospital. Joe Rossi and Scott Brenner of Colliers represented the undisclosed seller in all transactions. Max Ducharme of PMD Capital Management purchased Melbourne Corporate Center…

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Walker & Dunlop Arranges $79M Refinancing for Multifamily Property in Florida Panhandle

John Nelson — Thu, 07 May 2026 14:15:12 +0000

SANTA ROSA BEACH, FLA. — Walker & Dunlop has arranged a $79 million loan for the refinancing of The Jewel at Santa Rosa Beach, a Class A, 408-unit apartment community in Florida’s Panhandle region. Jeremy Pino, Livingston Hessam, Carl Passmore, Kyle Miller, Keith Melton and David Strange of Walker & Dunlop arranged the interest-only, nonrecourse bridge loan through an institutional debt fund on behalf of the borrower, Bristol Development Group. Located at 158 Malachite Way, The Jewel sits along US Highway 98 and three miles north of the popular 30A corridor. The property features one-, two- and three-bedroom townhome-style residences, as well as a clubhouse, fitness center, two swimming pools, coworking space, golf lounge and a dog park and spa.

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Continuum Obtains $350M Financing for Waterfront Condo Development in South Florida

Abby Cox — Mon, 04 May 2026 13:40:23 +0000

NORTH BAY VILLAGE, FLA. — Continuum Co. has obtained $350 million in construction loans for Continuum Waterfront District, a 4-acre master-planned development located along Biscayne Bay in North Bay Village. S3 Capital provided $261 million in financing for the Continuum Club & Residences West, a condo that broke ground in 2025, according to the South Florida Business Journal. The second loan, also provided by S3 Capital, is $83 million for pre-development of the second phase, which will include a hotel and a second condo building. Continuum Co. is developing both phases in partnership with Aksoy Holding, an ownership and development firm based in Turkey. The 36-story Continuum Club & Residences West is slated for completion for July 2028 and will comprise 236 condos, which are 50 percent pre-sold, as reported by South Florida Business Journal. Phase II, which is targeted for completion in 2030, will include 300 additional luxury condominiums. The second phase also features the first Continuum hotel (a member of Preferred Hotels & Resorts), a 20-slip commercially zoned marina, waterfront dining and the “Island Walk,” an activated public green space and bayfront promenade. The project team includes West Palm Beach-based Kast Construction (general contractor), Miami-based Arquitectonica (architect) and Durukan…

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Joint Venture Buys Marriott-Branded Hotel in Southwest Florida for $835M

Taylor Williams — Mon, 04 May 2026 11:55:00 +0000

MARCO ISLAND, FLA. — A joint venture between an affiliate of Sculptor Real Estate and Miami-based hospitality firm Trinity Investments has purchased the JW Marriott Marco Island Beach Resort, an 809-room hotel in southwest Florida for $835 million. The seller, MassMutual, owned the hotel resort for the past four decades. The sales price translates to more than $1,000 per room. The purchase is being financed with a $690 million acquisition loan. Situated on more than 26 acres with a quarter-mile of private beachfront, the JW Marriott Marco Island offers a variety of suites as part of its accommodations. According to another industry publication, Hotel Management, the hotel first opened in 1971 as the Marco Island Beach Hotel & Villas and was converted to a Marriott brand following a $320 million renovation in 2017. Today, guests at the hotel can enjoy amenities such as 140,000 square feet of meeting and event facilities, 12 dining and entertainment venues and a private membership club, as well as five pools and a 24,000-square-foot spa. In addition, patrons of the hotel have access to more than 400 acres of additional golf and resort activities and features. The new ownership plans to make capital improvements to…

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