Benderson Development, in collaboration with The Villages, plans to develop Legacy Place, a 700-acre mixed-use development in Central Florida. The project will be situated along three miles of Florida’s Turnpike, near County Road 470 and Central Parkway, and will serve as the southern gateway to The Villages master-planned community. A new 25-acre hospital operated by ... The post Benderson Developing 700-Acre Mixed-Use Project in The Villages appeared first on Connect CRE.

Merrimac Ventures, in partnership with Southern Waters Capital, has secured $62.5 million in construction financing from ACORE CAPITAL to fund the development of Leena Ocala, a 360-unit multifamily community in Ocala, Florida. Located on a 36-acre site at SW 60th Avenue and SW 52nd Street, the project will include 300 garden-style apartments spread across multiple ... The post Merrimac Snags $62.5M Construction Loan for Ocala Apartments appeared first on Connect CRE.

L3 Campus and Aureon Partners have obtained a $53.7 million refinancing for the OnShore apartments, a 210-unit/636-bed student housing project near the campus of Embry-Riddle Aeronautical University in Daytona Beach. A Walker & Dunlop Capital Markets Real Estate Finance led by Will Baker, Mike Shropshire, William Shell, and Doug McDaniel coordinated the 7-year, floating-rate loan with a four-year interest-only period provided ... The post Daytona Beach Student Housing Investors Ink $53.7M Refi appeared first on Connect CRE.

Colliers brokered the sale of a five-property office and mixed-use investment portfolio totaling over 294,000 square feet in Melbourne, FL, for a combined $35 million. The seller completed the disposition of the Florida Space Coast Investment Portfolio through a structured sale process.  Joe Rossi and Scott Brenner of Colliers represented the seller in all transactions. ... The post Space Coast Office Portfolio Sells for $35M appeared first on Connect CRE.

Truist Plaza at Church Street Station is now primarily owned by The Wideman Co., which has its headquarters within the building at 333 S. Garland Ave. Orlando Business Journal reports that Wideman Co. was an equity partner with lead developer Lincoln Property Co., which built the 28-story tower in 2019. Wideman Co. bought out Lincoln Property’s stake in ... The post Wideman Takes Control of Orlando Office Tower appeared first on Connect CRE.

MHCommercial Real Estate Fund II (MHC Fund II) and Ocala North Partnership acquired Shoppes at Victoria Square, a 109,000-square-foot anchored retail center located at 1450 N Courtenay Parkway in the heart of Merritt Island, Brevard County, Florida, for $16 million. Isram Real Estate was the seller. Shoppes at Victoria Square is currently 98% leased and ... The post Investor Duo Acquires 109K-SF Brevard County Retail Center appeared first on Connect CRE.

Basis Industrial and One Investment Management purchased two Orlando industrial properties as part of a shallow bay industrial portfolio. Three other properties in the portfolio are in the Atlanta. The price was $144.6 million. Commecial Search reports Albany Road Real Estate Partners sold the assets and BMO Bank issued a $105.5 million acquisition loan for the ... The post Two Orlando Industrial Properties Change Hands appeared first on Connect CRE.

The Gotham Organization and The DeNunzio Group began work on their mixed-use development, The Bluffs, in downtown Clearwater.  The milestone follows the capitalization of the project with a $160 million construction financing package, including a $115 million senior loan from Wells Fargo and $45 million in mezzanine debt and preferred equity from Schroders Capital and ... The post Gotham, DeNunzio Teaming Up on 400-Unit Clearwater Rental Community appeared first on Connect CRE.

Crunch Fitness is building out a spot in Kissimmee once occupied by Joann’s Fabric store. It’s all part of the companies growth plan to open 20 locations across Florida and four other states. The Orlando Journal reports the gym will take up 36,919 square feet and cost $5 million to build out. The site will ... The post Crunch Fitness Adds Kissimmee Location to Growing Florida Portfolio appeared first on Connect CRE.

Ryan Companies celebrated the financial closing and commencement of construction on Trailside at Dia Crossing, an eight building, 350-unit multifamily community located at the gateway to Estero at U.S. 41 and Alico Road, in Fort Myers, Fla. The project is expected to be move-in ready by the first quarter of 2027. U.S. US Bank is providing ... The post Ryan Starts Work on 350-Unit Fort Myers Rental Community appeared first on Connect CRE.