Berkadia originated a $23.2 million loan on behalf of Advenir for the refinancing of Advenir at Magnolia, a 272-unit, garden-style multifamily community located in the Fern Park suburb of Orlando. Charles J. Foschini, Christopher Apone, Lourdes Carranza-Alvarez, and Shannon Wilson of Berkadia Miami originated the loan on behalf of the sponsor.  Freddie Mac purchased the five-year, ... The post Advenir Inks Refi for Orlando Rental Asset appeared first on Connect CRE.

Central Florida's logistics sector is experiencing a surge, with major retailers establishing significant distribution centers to meet evolving consumer demands.

A major fitness chain is pumping up its presence in Central Florida, bringing state-of-the-art facilities and a range of membership options to multiple communities.

The final piece of a massive land acquisition puzzle has fallen into place, setting the stage for a transformative development in Palm Bay that promises to reshape the area's landscape.

A new vacation village near Disney is bringing a popular investment opportunity to the Davenport area, with units starting under $500,000.

Here's what to know about the contractor shakeup at the Lake Nona distribution facility — and how many employees will be affected.

Universal Epic Universe will open for all guests on May 22. The new park will include five distinct components: Celestial Park, The Wizarding World of Harry Potter’s Ministry of Magic, Super Nintendo World, How to Train Your Dragon – Isle of Berk and Dark Universe. According to numerous published sources, Epic Universe is estimated to ... The post Universal Opening Latest Orlando Theme Park appeared first on Connect CRE.

Beacon Real Estate Group and a Promecap multifamily fund acquired Harper Grove, a 264-unit community in Davenport.  Commercial Edge reports the group paid $58.1 million for the asset and took out a $49 million loan originated by Bridge Investment Group. OneEleven Residential was the previous owner. The firm completed the property in 2023 using funds ... The post Davenport Apartments Trade for $58.1M appeared first on Connect CRE.

TruAmerica Multifamily acquired Grand at Westside Apartments, a 336-unit apartment community at 3250 Douglas Grand Dr. in Kissimmee. As part of the transaction, TruAmerica assumed the existing Fannie Mae loan. This investment will be TruAmerica’s 19th property in the Orlando metro, making up 7,000 apartments. Built in 2015, Grand at Westside is a garden-style community ... The post Kissimmee Rental Asset Picked Up by TruAmerica appeared first on Connect CRE.

One of Hurricane Milton’s victims was the Tampa Bay Rays baseball team. Winds from the storm tore the Tropicana Field roof off, forcing the team to play its games at George M. Steinbrenner Field in Tampa, the spring training home of the New York Yankees. Repair costs are estimated at $55.7 million. The St. Petersburg ... The post Tampa Bay Rays Stadium Roof Repair Near Full Funding appeared first on Connect CRE.

Developers behind a proposed 19-story Disney Springs-area hotel now want to convert it into a timeshare property. The latest news is a significant change of plans for MB Properties. ConnectCRE recently reported on the company announcing the beginning of construction for the hotel. The firm previously announced a 2026 groundbreaking and a 2028 opening. The company now wants 199 timeshare ... The post Lake Bryan Developer Flips from Hotel to Timeshares appeared first on Connect CRE.

Marcus & Millichap’s has updated its 2025 Orlando Office Investment Forecast. Here’s the latest: Osceola and Lake counties continue to attract investors, with vacancy rates staying below 7% in three of the last four years.  While 2025 marks the fourth consecutive year of positive net absorption, new office supply is expected to push the vacancy ... The post Orlando Office Rents Trending Upward appeared first on Connect CRE.

Basis Industrial acquired an 18-building in Pinellas County for $60 million. Birtcher Anderson & Davis (BA&D) was the seller. The portfolio amassed over 472,000 square feet of office and industrial buildings. Colliers represented BA&D in the transaction and also led the leasing efforts since BA&D’s acquisition in 2022. They increased occupancy from mid-60 % to ... The post Basis Picks Up 18-Building Pinellas County Portfolio appeared first on Connect CRE.

Stellar Communities acquired a 22-acre land assemblage consisting of the former Rockledge Airport, an FBO, hangars and airport rights and is set to develop a $72 million townhome community. The project, The Stellar at Space Coast, is expected to break ground this summer. The company hopes to deliver 201 townhomes ranging from 1,400 to 2,000 square ... The post Stellar Building $72M Space Coast Townhome Community appeared first on Connect CRE.

Penler bought roughly 12 acres of vacant industrial property at West Minneola Avenue and Lake Drive from Wolfe & Wallace Properties Inc. for $7.4 million. The land will be part of the Lumberyard District of Clermont, west of downtown Orlando. Penler secured a $45.7 million construction loan from Renasant Bank. The Orlando Business Journal reports ... The post Orlando-Area Developer Planning 392 Apartments, Retail Space appeared first on Connect CRE.