Wednesday, September 9, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Florida

AcquisitionsFloridaRetailSoutheast

Marcus & Millichap Brokers Sale of 135,049 SF Shopping Center in Palm Bay, Florida

by John Nelson

PALM BAY, FLA. — Marcus & Millichap has brokered the sale of Palm Bay Center, a 135,049-square-foot shopping center located on 12.3 acres at 4707 Babcock St. NE in Palm Bay, a coastal Florida city in Brevard County. The center’s anchor, Publix, has operated at its store since 1978 and has recently extended its lease through 2030. The buyer has agreed to construct a brand-new store for Publix as part of the transaction. Tarek Chbeir of Marcus & Millichap represented the seller, a private investor, in the deal. Both parties requested anonymity, and the sales price was also not released. Chbeir collaborated with Adam Sklaver and Philip Kates of Marcus & Millichap’s Commercial Property Auction Services to market Palm Bay Center.

Continue Reading
FacebookTwitterLinkedinEmail
FloridaIndustrialLoansSoutheast

Bridge Industrial Receives $77.6M in Financing for Industrial Park in Miami

by John Nelson

MIAMI — Bridge Industrial has received $77.6 million in permanent financing for Bridge Point AVE, a nearly 600,000-square-foot industrial park located within the master-planned development of AVE Aviation and Commerce Center in Miami. Steve Roth and Bill Jurjovec of CBRE’s Debt & Structured Finance group arranged the loan. According to public records, State Farm Life Insurance Co. is the lender. Bridge Point AVE features three buildings that span 199,800 square feet, 110,588 square feet and 279,499 square feet. Each building includes 24- to 36-foot clear heights, ESFR sprinkler systems and a mix of rear-load and cross-dock configurations to support tenant flexibility. The property was 95 percent occupied at the time of financing, with roughly 30,286 square feet available for lease. The AVE Aviation and Commerce Center spans 180 acres and features more than 2 million square feet of industrial warehouse and retail amenities.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentFloridaMultifamilySoutheast

Curran Young Completes Construction of 412-Unit Multifamily Community in Cape Coral, Florida

by John Nelson

CAPE CORAL, FLA. —  Curran Young Construction has completed Siesta Lakes, a 412-unit multifamily community located in Cape Coral, about nine miles west of Fort Myers, Fla. Construction for the project began in 2023 after the developer, a partnership between Shoreham Capital, Bridge Investment Group and Wynkoop Financial, received a $66 million construction loan. Siesta Lakes offers a mix of one-, two-, and three-bedroom floorplans with open-concept interiors, private balconies and direct views of a private central lagoon. Unit sizes range in size from 676 square feet to 1,195 square feet, according to Apartments.com. Monthly rental rates at the complex begin at $1,500. Leasing at the community began in early 2025 after the delivery of the first building and clubhouse. Onsite amenities include a resort-style pool, fitness center, electric vehicle charging stations, business center, multipurpose room, dog park, outdoor grilling areas and walking trails. Additionally, Siesta Lakes is situated within a Qualified Opportunity Zone and benefits from a long-term tax abatement from the city. 

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentFloridaMixed-UseMultifamilySoutheast

Hines, Urban Street Development Top Off Second Multifamily Building at $500M FAT Village in Fort Lauderdale

by John Nelson

FORT LAUDERDALE, FLA. — Hines and Urban Street Development (USD) have completed vertical construction of the second multifamily building at FAT Village, an 835,000-square-foot, $500 million mixed-use development in Fort Lauderdale’s Flagler Village neighborhood. Upon completion of Phase I, FAT Village will feature 80,000 square feet of experiential retail, a 1,200-space commercial parking structure and 600 residential units across two multifamily buildings, the first of which was topped out in March. Later this year, Hines and USD will top off T3 FAT Village, a 180,000-square-foot mass timber office building. T3 (which is named for timber, transit and technology) is slated for completion in 2026. Blanca Commercial Real Estate is leading pre-leasing efforts for the office space. 

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsFloridaIndustrialSoutheast

JLL Arranges Sale of 371,976 SF Industrial Portfolio Near Miami Airport

by John Nelson

MIAMI — JLL Capital Markets has arranged the sale of Airport Trade Center, a 371,976-square-foot light-industrial portfolio in Miami. Situated adjacent to the Miami International Airport, the site features three cross-dock buildings that sit on 13.8 acres. Luis Castillo, Cody Brais and Taylor Osborne of JLL’s Investment Sales and Advisory team represented the undisclosed seller in the transaction. Melissa Rose and Jovi Rodriguez of the firm’s Debt Advisory team secured acquisition financing on behalf of the buyer, East Capital Partners.

Continue Reading
FacebookTwitterLinkedinEmail
FloridaLoansOfficeSoutheast

Newmark Arranges $77.2M Refinancing for Office Tower in Aventura, Florida

by John Nelson

AVENTURA, FLA. — Newmark has arranged a $77.2 million loan for the refinancing of Onyx Tower, a 28-story office tower in Aventura, a northern suburb of Miami. The borrower, an entity doing business as Onyx Tower LLC, delivered the tower in 2023. The building is one of two towers on the site. Jordan Roeschlaub, Jonathan Firestone, Nick Scribani and Chris Lozinak of Newmark secured the financing from Barings. Onyx Tower’s amenities include a rooftop pool with ocean views, a fitness center, outdoor jogging trail, full-floor conference facilities, electric vehicle charging stations and onsite dining options. Miami-based Blanca Commercial Real Estate handles leasing at Onyx Tower, according to the property website.

Continue Reading
FacebookTwitterLinkedinEmail
Alcove-Orlando-FL
ArizonaCaliforniaFloridaLoansMultifamilyWestern

JLL Secures $255.3M Refinancing for TruAmerica, Oaktree Capital Management Multifamily Portfolio

by Amy Works

LOS ANGELES — TruAmerica Multifamily and Oaktree Capital Management, both based in Los Angeles, have received a loan for approximately $255.3 million to refinance four multifamily properties. JLL Capital Market’s debt advisory team represented the borrower and was led by President Kevin Mackenzie and Managing Directors Annie Rice and Brandon Smith. The JLL team arranged a five-year, floating-rate loan through a national bank. The portfolio includes three Florida properties: Arbors at Carrollwood in Tampa and Audubon Park and Alcove Orlando in Orlando. In Arizona, the portfolio features Luxe Scottsdale. The properties were built between 2001 and 2017.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsDevelopmentFloridaIndustrialSoutheast

Parkway Sells 705,000 SF Industrial Building at Lakeland Central Park in Central Florida, Plans Phase II Expansion

by John Nelson

LAKELAND, FLA. — Parkway has sold LCP 200, a 705,000-square-foot industrial building located within Lakeland Central Park. The buyer was not disclosed, but The Ledger reports that Ashley Furniture purchased the facility for $70.5 million. Jared Bonshire, David Perez, Taylor Zambito, Ryan Hubbard, Lisa Ross and Trey Carswell of Cushman & Wakefield represented Parkway in the transaction. Since breaking ground in 2021, Parkway has completed the first phase of Lakeland Central Park, including the delivery of multiple pad-ready sites and the construction of LCP 200. Phase II of Lakeland Central Park will feature an extension to Winston Park Boulevard for direct interstate access, a 260,000-square-foot cross-dock industrial building and additional pad-ready sites that can accommodate 162,000 square feet to 1.6 million square feet.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentFloridaLeasing ActivityMixed-UseRestaurantRetailSoutheast

Four New Tenants to Join $1B Nora District Development in Downtown West Palm Beach

by John Nelson

WEST PALM BEACH, FLA. — Four new tenants have signed leases to join Nora District, a $1 billion mixed-use project underway in downtown West Palm Beach. The new tenants include fine jewelry retailer LUCE; women’s fashion retailer Pompanos Boutique; group fitness gym studio SWEAT440; and eyewear brand Warby Parker, which will debut at Nora District this fall. The development team behind Nora District includes NDT Development, Place Projects and Wheelock Street Capital. The project’s first phase — which will be delivered this summer — totals more than 100,000 square feet of retail space and 55,000 square feet of creative office space. Additional confirmed tenants at the property include Loco Taqueria & Oyster Bar, H&H Bagels, Van Leeuwen Ice Cream, Juliana’s Pizza, IGK Hair Salon and Le Labo.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsFloridaIndustrialSoutheast

Cushman & Wakefield Arranges $55.4M Sale of Industrial Portfolio in South Florida

by John Nelson

DEERFIELD BEACH AND POMPANO BEACH, FLA. — Cushman & Wakefield has arranged the $55.4 million sale of The Broward Collection, a two-building industrial portfolio totaling 221,045 square feet in South Florida. The first property includes 1111 SW 30th Ave., a 158,000-square-foot distribution center in Deerfield Beach that is fully leased to an undisclosed e-commerce user. The second property, which is located at 1121-1141 N.W. 31st Ave. in Pompano Beach, totals 63,045 square feet and is fully leased to two tenants. Mike Davis, Dominic Montazemi, Rick Brugge, Rick Colon and Greg Miller of Cushman & Wakefield’s Industrial Advisory Group, along with Matthew McAllister and Christopher Thomson of the firm’s industrial leasing team, represented the seller, Elion Partners, in the transaction. EQT Exeter Real Estate was the buyer.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts