DeSantis Signs $711M Affordable Housing Package into Law
Florida Gov. Ron DeSantis on Wednesday signed Senate Bill (SB) 102, the Live Local Act, representing the largest investment for housing efforts in state history. The bill will invest $711 million through the Florida Housing and Finance Corporation (FHFC) into multiple programs to expand the availability of housing, down payment assistance and focused support for […]
CRE Career Move Roundup – Florida
Connect CRE traditionally receives a tsunami of new-hire announcements at the beginning of each new year, and Florida is certainly a big source of that swell! Here’s a collection of recent commercial real estate career moves that have taken place throughout the Sunshine State. Matthew Brown has joined NAI/Merin Hunter Codman in West Palm Beach […]
Avanti Way Secures Hoffner Commerce Center in Orlando for $22M
Miami, FL-based Avanti Way Capital has acquired Hoffner Commerce Center, a 94,000-square-foot multi-tenant office building in Orlando, FL for $22 million. The 10.5-acre site is located at 5442 Semoran Boulevard in Orlando, FL. Marcus & Millichap represented the seller, a private investor under the entity Hoffner Center, LLC; Avanti Way Realty represented Avanti Way Capital […]
CIM Group Disposes Mixed-Use Development Spanning Miami City Block
CIM Group has sold Strata Wynwood, a recently completed mixed-use development with 257 apartment residences, 60,300 square feet of creative office space, 27,040 square feet of retail and 474 parking spaces in the Wynwood Arts District of Miami, FL. The company co-developed Strata Wynwood with One Real Estate Investment. Spanning a full city block along […]
JLL Taps Melissa Quinn and Lee Weaver to Co-Lead Capital Markets in Florida
JLL Capital Markets has tapped Melissa Marcolini Quinn and Lee Weaver as Senior Managing Directors to oversee their respective office’s debt and equity platform. In their new roles, Quinn will co-lead the Orlando capital markets office alongside Senior Managing Director Brad Peterson, and Weaver will join Senior Managing Director Matt Mitchell as the Tampa capital […]
Berkadia Secures $52M Bridge Loan for Pier 19 Residences in Miami
Berkadia has secured a $52 million bridge loan to refinance Pier 19 Residences & Marina, a 199-unit luxury apartment community along the Miami River in downtown Miami. Located at 1951 NW S River Drive, Pier 19 Residences & Marina was originally built in 2011 as condominiums. The borrower, Neology Life Development Group, purchased the 21-story […]
Bridge Office Secures 115K-SF Office Lease in Miami
Bridge Office Fund Manager has secured a 115,358-square-foot office lease for tenant Cano Health at Flagler Station in Miami. Cameron Tallon of JLL represented Bridge in the transaction. Cano Health previously occupied 29,834 square feet at the park and is one of the country’s largest senior health providers. Cano Health operates its headquarters at Flagler […]
Value Snapshot: Valbridge’s Burton Lee, MAI on the Company’s New Online AVM Technology Platform
By Paul Bubny On Oct. 28, Valbridge will introduce an online automated valuation service branded as Valnow. This AVM generates a value snapshot for a single commercial property or an entire portfolio. Connect Commercial Real Estate spoke with Valnow creator Burton Lee, MAI for a behind-the-scenes preview. Q: To begin, what is Valnow and how […]
National Land Realty Merges With Crosby & Associates
Greenville, S.C.-based real estate land brokerage company National Land Realty, and Winter Haven, FL.-based Crosby & Associates | Agriculture and Commercial, have agreed to a merger of the two firms. National Land Realty specializes in farm, ranch, plantation, timber, recreational, and commercial development properties, while the Crosby team brings their expertise in agriculture and commercial […]
Marcus & Millichap Closes Five-Property Vehicle Storage Portfolio Sale
Marcus & Millichap has announced the sale of a 1,499-unit, five-property Cuzin’s Vehicle Storage portfolio located in Bonita Springs, Fort Myers, Largo, and Sarasota, FL. Perlmuter and Marcus & Millichap’s Nathan Coe, Gabriel Coe and Brett Hatcher represented the seller, and procured the buyer, Macritchie Inc. Ryan Nee, senior vice president and division manager, is […]