Florida

Walker & Dunlop Provides $75M Refinancing of 23-Story Multifamily Tower in Metro Tampa

by Abby Cox October 5, 2026

ST. PETERSBURG, FLA. — Walker & Dunlop has provided a $75 million Freddie Mac loan to refinance EVO St. Petersburg, a 220-unit residential complex located at 334 2nd Ave. S. in St. Petersburg. Jonathan Schwartz, Aaron Appel, Keith Kurland, Adam Schwartz, Sean Reimer, Dustin Stolly, Michael Stepniewski, Michael Ianno and Cody Ela of Walker & Dunlop arranged the fixed-rate financing on behalf of the borrower, FrontRange Capital Partners. Delivered in 2023, the 23-story tower features studio, one-, two- and three-bedroom floorplans. The community provides roughly 23,000 square feet of indoor-outdoor amenities including a swimming pool, fitness center, business center, clubhouse, a pet play area and 13,000 square feet of ground-floor retail.

October 5, 2026

Development Florida Southeast Top Stories

Citadel’s Ken Griffin to Gift $2B for Creation of Carnegie Mellon University Miami Campus

by Hayden Spiess October 1, 2026

MIAMI — Ken Griffin, founder and CEO of global alternative investment firm Citadel, has announced plans to gift $2 billion for the launch of Carnegie Mellon University Miami, a new campus of the Pittsburgh-based private research university. Upon completion, the Miami campus will support more than 3,500 undergraduate and graduate students, with roughly 300 faculty and 600 staff members. The project will be situated on more than 35 acres in the Wynwood neighborhood of Miami. Plans include dedicated space for research labs and venture studios. Construction is scheduled to begin in 2027, with the first students enrolling in 2028. According to local news outlets, the project site for the new campus was purchased from developer Moishe Mana. Griffin is also donating $1 billion to support Carnegie Mellon’s home Pittsburgh campus, including a $500 million investment in the School of Computer Science, which will be renamed the Kenneth C. Griffin School of Computer Science. Earlier this year, Griffin purchased 545 Wyn, an office building located in Miami’s Wynwood neighborhood, for $181 million, in partnership with Goldman Properties. In 2022, Citadel announced plans for a new global headquarters in the city’s Brickell financial district, moving from its longtime home in Chicago. Development plans …

October 1, 2026

Florida Loans Multifamily Southeast

Walker & Dunlop Arranges $238M Refinancing for Landmark South Apartments in Doral, Florida

by John Nelson September 30, 2026

DORAL, FLA. — Walker & Dunlop has arranged a $238 million loan for the refinancing of The Landmark South, a 631-unit apartment community located at 6055 N.W. 105th Court in Doral, a western suburb of Miami. Aaron Appel, Michael Stepniewski, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer, Sean Bastian and Stanley Cayre of Walker & Dunlop arranged the floating-rate, interest-only bridge loan from Torchlight Investors on behalf of the borrower, JSB Capital. Completed in two phases in 2017 and 2021, The Landmark South comprises one-, two- and three-bedroom residences averaging 1,017 square feet in size. Amenities include two resort-style pools, two 24-hour fitness centers, outdoor courtyards, a business center, pet spa, resident lounges and structured parking.

September 30, 2026

Affordable Housing Development Florida Loans Multifamily Southeast

Greystone Provides $167M Financing for Affordable Housing Tower Development in Miami

by John Nelson September 30, 2026

MIAMI — Greystone has provided a loan package totaling $167 million for the construction of Gallery at Lummus Parc, an affordable housing high-rise development located at 395 N.W. 1st St. in Miami. The borrower is locally based Related Urban Development Group, an affordable housing subsidiary of Related Group. Greg Voyentzie and Jay Reed of Greystone Real Estate Capital (GREC) and Jason Kaye of Greystone Housing Impact Investors LP (GHI), along with Jeff Englund and Pharrah Jackson of Greystone, facilitated the financing. GHI is providing $80 million in construction financing through a joint venture with BlackRock Impact Opportunities Fund; GREC is providing $27.1 million in 4 percent low-income housing tax credit (LIHTC) equity; and Greystone provided a $60.1 million fixed-rate Freddie Mac loan that is expected to repay the construction financing upon conversion in conjunction with the LIHTC equity. Approximately 83 percent of the residences at Gallery at Lummus Park will be subject to income and/or rent restrictions, with affordability levels ranging from 20 to 100 percent of the area median income (AMI). The financing structure also incorporates project-based rental assistance, including 51 project-based voucher units and six RAD-assisted units. Gallery at Lummus Parc will comprise 257 studio, one- and two-bedroom …

September 30, 2026

Acquisitions Florida Retail Southeast

TSCG Brokers $8.4M Sale of Publix-Anchored Shopping Center in Fort Walton Beach, Florida

by John Nelson September 29, 2026

FORT WALTON BEACH, FLA. — TSCG has brokered the $8.4 million sale of The Shoppes at Paradise Pointe, a Publix-anchored shopping center located at U.S. Highway 98 and Perry Avenue SE in Fort Walton Beach. The 73,416-square-foot property sits at the mainland approach to Brooks Bridge, which connects Fort Walton Beach to Okaloosa Island. Anthony Blanco of TSCG represented the seller, SITE Centers Corp., in the transaction. The buyer was an undisclosed private investor. Built in 1987, The Shoppes at Paradise Pointe was 82.5 percent leased at the time of sale to tenants including Publix, which has anchored the center since 2001, as well as Great Clips, Mariner Finance and Painting With a Twist. The acquisition also included two developed outparcels occupied by Waffle House and Beach Liquors.

September 29, 2026

Florida Industrial Loans Southeast

JLL Arranges $66.8M Refinancing for Industrial Development in Stuart, Florida

by Abby Cox September 28, 2026

STUART, FLORIDA — JLL Capital Markets has arranged a $66.8 million loan to refinance South Florida Gateway, a 987,184-square-foot industrial development located at 2400-2450 Southwest Gateway Place in Stuart, a coastal city about 40 miles north of West Palm Beach. Melissa Rose, Michael DiCosimo, Michael Romero and Nicole Diaz of JLL secured the floating-rate loan on behalf of the borrowers, Orlando-based Foundry Commercial and San Francisco-based Stockbridge Capital Group. The lender was not disclosed. South Florida Gateway comprises two newly delivered buildings that are situated on nearly 65 acres. Building One features 285,510 square feet of rear-load warehouse space with 32-foot clear heights, 60 dock doors and two drive-in ramps. Building Two encompasses 701,674 square feet of cross-dock distribution space with 36-foot clear heights, 120 dock doors and four drive-in ramps.

September 28, 2026

Development Florida Multifamily Southeast

BTI Partners Opens 362-Unit Residential Tower in Hollywood, Florida

by Abby Cox September 28, 2026

HOLLYWOOD, FLA. — BTI Partners has opened the Bread Building, a 362-unit luxury residential tower located in the South Florida city of Hollywood. The property was built on the site of the former Hollywood Bread Building, which served as the headquarters for the Hollywood Bread Co., a popular diet bread brand in the 1930s. Situated in downtown Hollywood, the Bread Building offers studio, one- and two-bedroom floorplans ranging in size from 507 to 1,210 square feet, according to Apartments.com. Monthly rental rates begin at $2,146. The complex comprises more than 30,000 square feet of indoor and outdoor amenities such as a fitness center and yoga room, pool deck, gaming area and bar, coworking and business center, community lounge, spa, onsite concierge, grilling pavilion, pet-friendly zones, bike storage and electric vehicle charging stations. The 25-story property also features 15,407 square feet of ground-floor retail, including a new Walgreens pharmacy. In addition, BTI Partners has restored the original Hollywood Bread Building sign, which is now permanently displayed in the residential lobby.

September 28, 2026

Florida Loans Retail Southeast

Berkadia Arranges $9.8M Refinancing for Shopping Center in Key Biscayne, Florida

by Abby Cox September 25, 2026

KEY BISCAYNE, FLA. — Berkadia has arranged a $9.8 million loan to refinance a 61,504-square-foot, two-story retail center located on Key Biscayne, a barrier island situated south of Miami. Charles Foschini, Christopher Apone, Shannon Wilson and Lourdes Carranza-Alvarez of Berkadia secured the 10-year, fixed-rate loan through a correspondent life insurance company on behalf of the undisclosed owner, which purchased the property in 1997. The financing features a 23 percent loan-to-value ratio. The retail property is situated on Crandon Boulevard, Key Biscayne’s primary commercial corridor and its only land connection to mainland Miami. Built in 1990, the center was 98.8 percent leased at the time of sale to a mix of tenants such as T-Mobile and Northern Trust.

September 25, 2026

Development Florida Seniors Housing Southeast

Nonprofit Breaks Ground on $380M Seniors Housing Project in Boynton Beach, Florida

by John Nelson September 24, 2026

BOYNTON BEACH, FLA. — Green Cay Life Plan Village Inc., a nonprofit corporation, has broken ground on a continuing care retirement community (CCRC) project in Boynton Beach, approximately 30 miles north of Fort Lauderdale. Greenbrier Development LLC and BRP Senior Housing Management LLC, a Delray Beach-based affiliate of private equity real estate firm Big Rock Partners, are co-developers for the project, called The Winsberg at Green Cay. Greenbrier Development will also manage the seniors housing property, which is the first new CCRC built in Palm Beach County since 2016. Upon completion, the project — which was first announced in 2022 — will span 15 acres. The community will total 220 residences in a 510,000-square-foot building, with 189 independent living units and 32 assisted living and memory care units. Amenities will include multiple dining venues, a bar and bistro, fitness center, yoga studio, salon, theater, pickleball court, swimming pool and spa. Moss Construction is the construction manager for The Winsberg at Green Cay. The opening is scheduled for 2028.

September 24, 2026

Florida Loans Southeast Student Housing

Adam America, JW Capital Secure $180M Refinancing for Student Housing Community Near Florida International University

by John Nelson September 23, 2026

SWEETWATER, FLA. — Adam America Real Estate and JW Capital Management have secured $180 million for the refinancing of Terrazul, a 22-story student housing community located adjacent to Florida International University (FIU). Completed in 2024, the 1,201-bed property is located at 700 S.W. 107th Ave. in Sweetwater, a city in Miami-Dade County. Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer and Michael Ianno of Walker & Dunlop arranged the financing through Corebridge Institutional Investment LLC. The borrowers will use the financing to pay off Terrazul’s existing construction loan and collect proceeds. The property features 932 studio, one-, two- and four-bedroom units that were 98 percent occupied at the time of financing, as well as 647 parking spaces, a suite of amenities and 15,442 square feet of retail space on the ground level.

September 23, 2026

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