The Sports Performance Hub (SPH) has officially begun construction on its 92-acre, sports and education campus. This privately funded $280 million project will upgrade South Dade’s offerings for athletic excellence, academic innovation, and community development, all at no cost to taxpayers. The project, in Homestead, is led by a number of accomplished athletes and sports ... The post Work Advancing on $280M Homestead Sports Performance Hub appeared first on Connect CRE.

The Gotham Organization, alongside its joint venture partner, The DeNunzio Group, secured a $160 million construction financing package for The Bluffs, comprising a $115 million senior loan from Wells Fargo and $45 million in mezzanine debt and preferred equity from Schroders Capital and Lionheart Strategic Management. The Bluffs is the result of a successful request ... The post Developer Duo Secures $160M Financing for Clearwater Mixed-Use Project appeared first on Connect CRE.

Swift Creek Partners picked up a four-building, 712,000 square foot industrial asset for $98.45 million. Link Logistics was the seller. The four buildings at the Crossroads Distribution Center are fully leased and include 1151 Gills Drive, a 252,000-square-foot distribution center; 1125 Gills Drive, a 152,240-square-foot building; 1091 Gills Drive, a 235,760-square-foot property; and 1075 Gills ... The post Swift Creek Partners Spends $98.45M on Orlando Warehouse Portfolio appeared first on Connect CRE.

Katz Properties has paid $70 million for The Ridge at Champions, a 330-unit multifamily property in Davenport, Fla. Commercial Edge reports the firm also took out a $38.5 million acquisition loan from United of Omaha Life Insurance Co. Greystar, the seller, completed the multifamily development in 2023 using funds from a $42.7 million construction loan originated by ... The post Greystar Offloads 330-Unit Davenport Multifamily Property appeared first on Connect CRE.

Ardent Companies is redeveloping the Seminole Towne Center in Sanford, Florida, and has confirmed that a new, 164,585-square-foot Costco will be the anchor tenant, replacing the former Macy’s building. This project is a major component of the mall’s transformation, with construction/demolition slated to begin in 2026 and opening expected in 2027. The mall closed in 2025. The Ardent Companies ... The post Ardent Lands Costco, Sparks Seminole Mall Redevelopment appeared first on Connect CRE.

Palm Pavilion Restaurant & Inn in Clearwater sold for $23 million. Beachside Hospitality Group purchased the beachside Palm Pavilion Restaurant, while McKibbon Equities, purchased the Inn. Built in 1926, the Palm Pavilion is recognized as the oldest operating beach pavilion in Florida. The property includes an 11,869-square-foot restaurant and a 12,129-square-foot, 37-unit inn.  The Hamilton ... The post Vintage Beach Resort Trades in Clearwater appeared first on Connect CRE.

Foundry Commercial has closed on Edgewood Park of Commerce (EPOC), a 565,600-square-foot industrial development located on a 41-acre infill site near downtown Orlando. Foundry paid $14.1 million for the site. RandallMade Corp. was the seller. The $95 million project’s groundbreaking is anticipated for the third quarter of 2025. Foundry expects EPOC to deliver in the ... The post Foundry Building $95M Orlando Warehouse Facility appeared first on Connect CRE.

Fundamentals regarding the Orlando apartment sector remain strong for investors and developers. In-migration is spurring demand, and absorption rates are keeping up, according to a recent Northmarq survey. Orlando fundamentals remain mixed as new supply expands, but strong population growth of 12.7% over five years has supported roughly 8,000 units of net absorption over the ... The post Orlando Apartment Investors Can Expect 9% Vacancy Rates Through 2026 appeared first on Connect CRE.

A joint venture between C-III Capital Partners and Vanderbilt Office Properties closed on a $53.5 million loan refinancing Crossroads I, II and IV, a 289,582-square-foot office campus comprising three four-story buildings in Plantation.  Crossroads I, II and IV are 85% leased to a diverse roster of 20 tenants. The property has benefited from more than ... The post JV Inks Refi on Plantation Office Complex appeared first on Connect CRE.

Avanath Capital Management acquired Retreat at Valencia, a 336-unit mixed-income apartment community near downtown Orlando. The property was acquired for $73.5 million and marks the firm’s seventh investment in the Orlando market. As part of its investment strategy, the firm plans to maintain income restrictions on half of the units for renters earning 60% or less of the area median income (AMI) and operate the remaining units at market rates. Among planned services are financial counselling programs, health and ... The post Avanath Pays $73.5M for Mixed-Income Orlando Rental Community appeared first on Connect CRE.