CENTRAL FLORIDA

Volta Global landed a $17.35 million acquisition loan for Westland Plaza, a 110K square-foot mixed-use retail and self-storage center in Hialeah, Florida. JLL worked on behalf of Volta Global to secure a two-year, floating-rate acquisition loan through Shelter Growth Capital Partners (SGCP). Westland Plaza was built in 1979 and renovated in 2008. The site comprises ... The post Volta Global Acquires 110K-SF Hialeah Retail, Self-Storage Property appeared first on Connect CRE.

Evolve Companies closed on a $70 million bridge and construction loan for a 352-unit multifamily development at 4800 US Hwy. 1 N. in Palm Coast, Florida. Northmarq’s West Palm Beach Debt + Equity team, led by Chris Hammel, arranged the loan on behalf of the borrower with Cross Harbor Capital Partners’ involvement. The loan was non-recourse financing that recapitalized phase I’s construction loan and preferred equity and funds for phase II’s construction. Evolve ... The post Evolve Inks $70M Construction Loan for Palm Coast Apartments appeared first on Connect CRE.

Rethink Healthcare Real Estate acquired UF Health / Intuitive Health Emergency Department and Urgent Care Center in Eustis, FL (Orlando MSA). Rethink paid $16.2 million for the 11,097-square-foot facility. Leased by UF Health Leesburg Hospital, the property reflects the kind of mission-critical medical outpatient real estate that continues to attract strong investor demand. The transaction ... The post Rethink Healthcare Acquires Orlando-Area Emergency/Urgent Care Facility appeared first on Connect CRE.

Eastwind Development began construction of The Aston at Longleaf, a 264-unit luxury apartment community on Preserve Drive in Melbourne, Florida. The beginning of construction immediately follows Eastwind’s closing on the acquisition of the 17-acre project site and a $45.5 million construction loan provided by TD. Situated in Florida’s Space Coast region, The Aston at Longleaf ... The post Eastwind Building 264-Unit Melbourne Apartment Community appeared first on Connect CRE.

McDowell Housing Partners closed on a construction loan and started work on Ekos at Bayonet Point II, the second phase of a three-phase master-planned community that will bring 360 affordable homes to Pasco County. The $38.9 million development will add 120 age-restricted apartments at 7526 McDowell Way in Hudson, one block from HCA Florida Bayonet ... The post McDowell Starts Work on Hudson Age-Restricted, Affordable Apartments appeared first on Connect CRE.

Florida Tech has opened the doors of a six-story, 556-bed student housing complex on the Melbourne campus. It was funded through $96.1 million in municipal bond financing. Dubbed Crimson Crossing, it was built using a Public-Private Partnership (P3) model with Servitas Development. It took 15 months to build. The majority of the apartment-style units in the complex will be four-bedroom, ... The post Florida Tech Opens $96 Million Student Dorm appeared first on Connect CRE.

Pearlmark has sold ShoreView Waterfront Apartments, a 216-unit Class A waterfront multifamily community located at 1161 3rd Avenue N in downtown Bradenton. Berkadia’s Matt Mitchell and Chris Burtner of Berkadia Florida arranged the sale on behalf of Pearlmark, which acquired the property through a mezzanine lender foreclosure before broadly marketing the asset for sale. The ... The post Pearlmark Offloads 216-Unit Bradenton Apartment Community appeared first on Connect CRE.

Cardone Capital paid $89.9 million for Orchid Run, a 282-unit apartment development in Naples, Florida. The Inland Real Estate Group of Companies was the seller. Berkadia’s Matt Mitchell and Chris Burtner arranged the sale on behalf of The Inland Real Estate Group. Completed in 2015, Orchid Run is located at 10991 Lost Lake Drive in ... The post Cardone Capital Pays $89.9M for 282-Unit Naples Multifamily Community appeared first on Connect CRE.

Broward County has submitted plans that could transform the 154-acre area surrounding the Florida Panthers’ home into a massive 24/7 mixed-use destination in Sunrise. The Panthers say they’re in the early stages of discussions with Broward County and Sunrise. A Sunrise City Commission will consider the proposal next week. The proposal could include 1,400 apartments, ... The post Florida Panthers, Broward County Exploring Entertainment District appeared first on Connect CRE.

Trinity Investments sold the Grande Lakes Orlando Resort, a 409-acre luxury complex anchored by a 582-key Ritz-Carlton (shown) and a 1,010-key JW Marriott, for $1.38 billion to Ryman Hospitality Properties, Inc. Trinity acquired the resort in December 2018 for $870 million, with financial backing from Elliott Investment Management. Trinity asserts the sale represents the largest ... The post Ryman Acquires Orlando Resorts for Record $1.38B appeared first on Connect CRE.