Tuesday, February 3, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Florida

University Village
AcquisitionsFloridaRetailSoutheast

CBRE Arranges Sale of 60,223 SF University Village Shopping Center in Tampa Bay Area

by Julia Sanders

ST. PETERSBURG, FLA. — CBRE has arranged the sale of University Village, a 60,223-square-foot shopping center in downtown St. Petersburg. Casey Rosen and Dennis Carson of CBRE represented the seller, an affiliate of Bell Partners Inc., which is based in Greensboro, N.C. Publix Super Markets purchased the shopping center for an undisclosed price. Located at 250 Third St. S. and built in 2003, University Village is anchored by a Publix grocery store. Other tenants include CVS/pharmacy, Bank of America and seven other undisclosed retailers.

Continue Reading
FacebookTwitterLinkedinEmail
Sunny Lake
AcquisitionsFloridaMultifamilyTop StoriesWalker & Dunlop

Walker & Dunlop Arranges $79.3M Sale of Sunny Lake Apartments in South Florida

by Julia Sanders

LAUDERHILL, FLA. — Walker & Dunlop has arranged the $79.3 million sale of Sunny Lake Apartments, a 405-unit, garden-style community in Lauderhill. Still Hunter and Kaya Suarez of Walker & Dunlop represented the seller, Bar Invest Group. The buyer is a joint venture between East Hill Capital Partners, The Bascom Group and Leste Group, with Leste Group participating as the majority equity investor. Bridge Investment Group provided the debt financing for the acquisition, which Stuart Wernick of Walker & Dunlop arranged. Built in 1988, Sunny Lake Apartments offers one-, two- and three-bedroom units with an average of 719 to 1,129 square feet. Units feature double bathroom vanities; storage units; washers and dryers in unit; walk-in closets; patios and decks; and hardwood floors. Community amenities include a pet play area, car wash, fitness center, pool, clubhouse, business center, playground and tennis court. Located at 2360 NW 56th Ave. on nearly 27 acres, the apartment property is situated in the suburban Broward County area. The property is about 2.8 miles from Sunrise, approximately 7.9 miles from Fort Lauderdale and about 2.9 miles from Plantation. The property is less than two miles from Florida’s Turnpike, which provides fast connectivity to other areas of …

Continue Reading
FacebookTwitterLinkedinEmail
Shoppes at Nona Place
AcquisitionsFloridaRetailSoutheast

JLL Arranges $35M Sale of Grocery-Anchored Shopping Center in Orlando

by Julia Sanders

ORLANDO, FLA. — JLL Capital Markets has arranged the $35 million sale of Shoppes at Nona Place, a 60,557-square-foot neighborhood shopping center in Orlando. Built in 2018 and 2019, Shoppes at Nona Place is anchored by Bravo Supermarkets, a Hispanic grocer, as well as Pet Supermarket, First Watch, Heartland Dental, BurgerFi, Aveda, Lime Fresh, F45 and Pig Tails. Located on 14.6 acres at 13000 Narcoossee Road, the center is situated about 11.2 miles from Orlando International Airport and approximately 23.4 miles from Walt Disney World Resort. The property is located within Lake Nona, a medical city market in southeast Orlando. Brad Peterson, Whitaker Leonhardt, Michael Brewster and Tommy Isola of JLL represented the seller, a joint venture between North American Development Group and Blackfin Partners Investments. Edward Romanov of Transitional Finance Partners LLC represented the buyer, a private investor group affiliated with Flocchini/Van Wagner Families.

Continue Reading
FacebookTwitterLinkedinEmail
Vox Miami
DevelopmentFloridaMultifamilySoutheastStudent Housing

TREO Group Completes $36M Student Housing Development Near University of Miami

by Julia Sanders

MIAMI — Miami, Fla.-based The TREO Group has completed Vox Miami, a 326-bed student housing community located at 7202 S.W. 72nd St. in south Miami. The development cost for the 193,250-square-foot project was $36 million. Vox Miami offers a mix of one-, two-, three- and four-bedroom units with a TV in every living room, floor-to-ceiling windows, stainless steel appliances, washers and dryers, walk-in closets in most units, exposed industrial ceilings, furniture and cable and internet included. Community amenities include study lounges, a rooftop terrace and swimming pool, fitness center and parking. The property is fully leased for the 2021 school year. The student housing property is about 1.6 miles from the University of Miami campus. The development is also near retailers and restaurants including Deli Lane Café & Sunset Tavern, Petco, Publix and Shake Shack. Construction for the development started in 2019. The project’s development team included Moss Construction and Perkins & Will.

Continue Reading
FacebookTwitterLinkedinEmail
Azalea
DevelopmentFloridaMultifamilySoutheast

ZOM Living Breaks Ground on 289-Unit Apartment Project in Tampa

by Julia Sanders

TAMPA, FLA. — ZOM Living has broken ground on Azalea, a 289-unit apartment community located on a 13-acre site in Tampa. Renasant Bank provided a $36.3 million loan to ZOM and investment partner JPMorgan Chase provided an additional undisclosed amount of funding for the project’s construction. Azalea will include three- and four-story buildings in a seven-building community. The development will offer one-, two- and three-bedroom units ranging from 700 square feet to 1,400 square feet in size. Unit features include energy efficient and stainless steel appliances, quartz countertops and kitchen islands in select units. Located at 8240 Causeway Blvd., the property is about 7.6 miles from downtown Tampa and about 17.1 miles from East Tampa Beach. Community amenities will include a pool, pool deck and pavilion, cabanas, gaming area with a pool table and corn hole, dog park, pet salon, fitness center, work-from-home lounge with personal work stations and meeting rooms and a relaxation area with hammocks and fire pit. Verdex Construction is the project’s general contractor, and LRK is the architect. ZOM Living is a multifamily developer based in Orlando. Construction on the project is expected to be complete in the third quarter of 2023.

Continue Reading
FacebookTwitterLinkedinEmail
first warehouse
AcquisitionsFloridaIndustrialSoutheast

Graham Capital Acquires Three Warehouse Buildings in Jacksonville’s Westside Submarket

by Julia Sanders

JACKSONVILLE, FLA. — Newtown Square, Penn.-based Graham Capital has acquired three fully leased warehouse buildings in Jacksonville’s Westside submarket. Mark Scott of Foundry Commercial represented Graham Capital in the transactions. The sales price and seller were not disclosed. The first warehouse property spans 216,000 square feet and is located at 1550 N Ellis Road. The other two properties are located at 7051 Stuart Ave. and 6982 Highway Ave. and total 153,625 square feet. All three buildings are located close to Interstate 10 and Interstate 295.

Continue Reading
FacebookTwitterLinkedinEmail
FloridaHospitalityLoansSoutheastTop Stories

Encore Capital Management Receives $98.4M Loan for Refinancing, Expansion of Margaritaville Resort Orlando

by Kristin Harlow

KISSIMMEE, FLA. — Encore Capital Management has received a $98.4 million loan for the refinancing and expansion of Margaritaville Resort Orlando. Concord Summit Capital LLC arranged the loan with Starwood Property Trust. The loan refinances the existing construction senior and mezzanine debt and provides additional capital for the resort expansion. Encore plans to build 75 additional hotel rooms on the east wing of the resort, which is located in Kissimmee, just south of Orlando. Construction is expected to begin later this year, but a timeline for completion was not disclosed. The resort, which opened in January 2019, offers rooms, suites and cottage rentals. Resort guests can dine at Euphoria Fish House, an upscale seafood restaurant; Salty Rim Bar & Grill, a poolside grill; or On Vacation, a cocktail and comedian lounge. The property also offers space for hosting meetings, conferences and weddings. Kevin O’Grady, Justin Neelis and Daniel Rojo of Concord Summit arranged the loan on behalf of Encore. The team began marketing the opportunity to potential lenders in spring 2021. Concord Summit also arranged the original construction financing for Margaritaville Resort Orlando in 2017. “The owners have planned the resort’s expansion carefully and enhanced the brand significantly,” says O’Grady. …

Continue Reading
FacebookTwitterLinkedinEmail
Valrico Commons
AcquisitionsFloridaRetailSoutheast

CBRE Arranges Sale of 138,887 SF Valrico Commons Shopping Center in Valrico, Florida

by Julia Sanders

VALRICO, FLA. — CBRE has arranged the sale of Valrico Commons, a 138,887-square-foot shopping center located at 1971 E State Road 60 in Valrico. Built in 1986 and redeveloped in 2011, Valrico Commons was 93 percent leased at the time of sale to tenants including Publix, Ross Dress for Less and Five Below. Casey Rosen and Dennis Carson of CBRE represented the seller, which includes affiliates of North American Development Group and Primerica Group One. An affiliate of Phillips Edison & Co. was the buyer. The sales price was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
Warehouse
AcquisitionsFloridaIndustrialSoutheast

Easton Group, LBA Logistics Acquire Warehouse Property in South Florida for $19.5M

by Julia Sanders

DORAL, FLA. — The Easton Group and LBA Logistics have acquired a 105,365-square-foot warehouse in Doral for $19.5 million. Hani Jardack of Jardack Commercial Realty represented the locally based seller, Badia, a manufacturer of spices and herbs. Dalton Easton of Easton & Associates represented the Easton-LBA joint venture in the transaction. Located at 9880 NW 25th St., the warehouse property is equipped with air conditioning throughout, solar panels on the roof, 26-foot clear heights and 192 parking spots. Built in 1998, 12,000 square feet is dedicated to office space. Badia was the previous anchor tenant at the property but vacated the building to go to a new location. Easton will begin marketing the property for a new single-user tenant. This warehouse property is Irvine, Calif.-based LBA’s second joint venture with Doral-based Easton Group in South Florida. The two are also partnering on a ground-up development of a 266,760-square-foot warehouse in Hialeah Gardens, Fla., that is due to be delivered in the second quarter of 2022.

Continue Reading
FacebookTwitterLinkedinEmail
Icon Central
AcquisitionsFloridaMultifamilyRetailSoutheast

JLL Arranges $149M Sale of Iron Central Apartment Tower in St. Petersburg, Florida

by Julia Sanders

ST. PETERSBURG, FLA. — JLL has arranged the sale of Icon Central, a 368-unit, 15-story, mixed-use residential tower in St. Petersburg. Matt Mitchell, Matthew Lawton and Zach Nolan of JLL represented the seller, Related Group, in the transaction. Camden Property Trust acquired the property for $149 million, according to the Tampa Bay Business Journal. Completed in 2019 by Related Group, Icon Central includes about 35,000 square feet of rentable space of ground-floor retail. In July, Tricera Capital acquired the ground floor retail for $11.1 million, as well as the adjoining Union Trust Bank building. Right now, BurgerFi and Watts Dental lease about 7,000 square feet of the property’s retail space. Icon Central’s apartments feature private balconies, stainless steel appliances, kitchen islands, a full-size washer and dryer and electronic key-fob entry. Community amenities include a pool with lounge area, fitness center, sauna and steam room, spa with massage tables and Zen lounge, private clubroom and dining room, a movie theater, game simulator and a rooftop terrace with an outdoor kitchen, dining, seating and firepits. Located at 855 Central Ave., Icon Central is situated within a half-mile of St. Petersburg’s Central Arts District and the Edge District, which have art galleries, museums, …

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts