SOUTHWEST FLORIDA

A development team closed on a $58 million construction loan to build The Lincoln, a luxury boutique condominium with 48 residences in Coconut Grove, Florida. The project has begun construction and is scheduled for completion by Q3 2028. Berkadia’s Scott Wadler, Bobby Dockerty, Mitch Sinberg, Matt Robbins and Brad Williamson secured the financing on behalf ... The post Development Group Inks $58M Construction Loan for Coconut Grove Condos appeared first on Connect CRE.

Pebb Capital secured a $223 million refinancing for Sundy Village, its seven-acre mixed-use campus in Downtown Delray Beach. Provided by J.P. Morgan and Hudson Bay Capital, the deal replaces the project’s existing construction loan while providing additional capital for tenant improvements across the 97% pre-leased development,. The financing was arranged by Walker & Dunlop’s Institutional Advisory Practice, led by Sean Reimer, ... The post Pebb Secures $223M Refi on Delray Beach Mixed-Use Venture 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.

Assouline-Busch Capital inked a 75.1 million mid-construction recapitalization of The Monroe Hotel, an 89-key luxury boutique hotel under redevelopment at 3010 Collins Ave. in Miami Beach’s Faena District. Formerly the Red South Beach Hotel, the property is being redeveloped and is scheduled to open in 2027. The five-star boutique hotel will a 5,000-square-foot, full-service restaurant ... The post Investor Inks $75.1M Construction Loan for Miami Hotel Redevelopment appeared first on Connect CRE.

Morgan Stanley Investment Management, through investment funds managed by Morgan Stanley Real Estate Investing (MSREI), acquired a Class A seniors housing portfolio located in the Orlando and Tampa metropolitan areas. The portfolio includes two communities comprising 300 independent living, assisted living and memory care units serving residents in Central Florida. The portfolio comprises the 193-unit ... The post Morgan Stanley Fund Pays $93.1M for Florida Senior Housing Portfolio appeared first on Connect CRE.

Mast Capital and Rockpoint obtained $44 million in refinancing for The Harlow, a 248-unit, Class A, garden-style multifamily community in Wesley Chapel, Florida.  Berkadia’s Mitch Sinberg, Scott Wadler, Matthew Robbins, Brad Williamson, and Bryan Brown of Berkadia’s Miami and Boca Raton offices arranged the financing on behalf of the joint venture.  Walton Street Capital provided ... The post Joint Venture Lands $44M Refi for Tampa-Area Apartments appeared first on Connect CRE.

Pinnacle secured $40.2 million in financing to develop a new mixed-use, affordable senior housing community in Fort Lauderdale. The financing will support Pinnacle at Cypress Phase I, the first of a two-phase development that will combine senior housing with ground-floor commercial space. Located at 6520 North Andrews Avenue in Fort Lauderdale, Pinnacle at Cypress Phase ... The post Pinnacle Secures Financing for Fort Lauderdale Affordable Sr. Housing appeared first on Connect CRE.

Newmark arranged $215.8 million in bridge refinancing for Waypoint Residential’s five-property, 1,274-unit multifamily portfolio spanning key markets throughout Florida.  Newmark’s Matthew Williams and Rob Wright secured the construction takeout bridge financing through Benefit Street Partners, with support from James Maynard and Kyle Schlitt.  The portfolio comprises five newly constructed, luxury garden-style multifamily communities in Vero ... The post Newmark Arranges $215.8M Loan for 5-Property Florida Multifamily Portfolio appeared first on Connect CRE.

Newmark has arranged $172.5 million in C-PACE construction financing on behalf of Shoma Group for Shoma Bay, a landmark mixed-use waterfront development in North Bay Village, Florida. Located at 1850 John F. Kennedy Causeway, the 24-story development will comprise 333 luxury condominium residences and a retail component anchored by a new 36,000-square-foot Publix Super Market. ... The post Shoma Group Obtains $172.5M C-PACE Loan for North Bay Village Development appeared first on Connect CRE.

Related Ross closed on the land for Village Landing, its planned mixed-use development at the intersection of Stribling Way and State Road 7 in Wellington. Groundbreaking is anticipated this fall. Village Landing will introduce a new, walkable village center to Wellington, with an 180-room hotel and over 300,000 combined square feet of retail, office, and ... The post Related Ross Secures Wellington Site, Launching Mixed-Use Venture appeared first on Connect CRE.