Eastern Union and Benmark Capital have closed on two Miami Beach parcels, with ambitions to construction a 90,000-square-foot, mixed-use development featuring retail, residential and Class-A office space. The new development will include a total of two adjacent five-story structures standing on the two parcels. The team paid $15 million for the parcels, one of which ... The post Investor Group Buys Miami Parcels, Mixed-Use Venture on Way appeared first on Connect CRE.

The post Florida People & Companies, November 7, 2025 appeared first on Connect CRE.

Miami-based developer Pinnacle has sold Elyps, a 140-unit luxury apartment community in Fort Lauderdale, for $46.5 million. The buyer was an affiliate of local investor Rental Asset Management. CBRE represented Pinnacle in the transaction. Completed in July 2023, residents enjoy covered garage parking with electric vehicle charging stations, a sunset lounge with a wet bar and ... The post Pinnacle Trades Fort Lauderdale Rental Community for $46.5M appeared first on Connect CRE.

Besides incorporating the design work of Bentley Motors, Dezer Development’s new Sunny Isles Beach condos will include an elevator that transports both residents and their vehicles directly to private sky garages. Dezer secured $630 million in construction financing for Bentley Residences, the world’s first Bentley-branded residential tower located in Sunny Isles Beach, Florida and developed in collaboration ... The post Dezer Secures $630M for Miami-Area Bentley Residences appeared first on Connect CRE.

A development team is ready to start building 1,141 new apartments at the Palmetto Metrorail Station in Medley. The transit-oriented development will be built on leased land owned by Miami-Dade County. The property is slated to go on 18.3 acres at 7701 N.W. 79th Ave. The S. Florida Business Journal reports the development team is ... The post Developer Trio Teaming Up on 1,141-Unit Miami-Area Apartment Project appeared first on Connect CRE.

MG3 Group acquired 8201 Chancellor Drive, a 713,585-square-foot distribution center fully leased to CVS Health. The property’s price was $57 million. The property is situated within Orlando Central Park and was initially constructed in 1975, with subsequent expansions in 1980 and 2000. Cushman & Wakefield’s Mike Davis, Rick Colon, Rick Brugge and Dominic Montazemi represented ... The post Orlando Distribution Center Trades for $57M appeared first on Connect CRE.

SCALE Lending, the debt financing arm of Slate Property Group, finalized a $460 million cross-collateralized facility for the Namdar Group, for two 43-story multifamily buildings located in downtown Miami, FL. The facility will be comprised of a $230 million bridge loan for the completion and lease-up of 55 NE 2nd Street (Phase 1), which contains 680 ... The post Scale Closes on $460M Financing for Two Miami Rental Communities appeared first on Connect CRE.

Ytech secured $565 million in construction financing from J.P. Morgan (NYSE: JPM) and Sculptor Real Estate for The Residences at 1428 Brickell, a 70-story residential condominium tower already under active construction and more than 60 percent sold. J.P. Morgan provided financing as the senior lender, with Sculptor Real Estate as the junior lender for the development. Melissa Rose and Brian ... The post Ytech Secures $565M Loan for Brickell Residences appeared first on Connect CRE.

United Trust Fund and Centerhome have filed plans that, if approved, would allow them to convert a 71,000-square-foot office complex into what could become 640 apartment units. The office building on the six-acre property, located at 28801 S.W. 157th Ave., was purchased from SouthState Bank for $6.8 million in 2020. The bank still has a branch ... The post Developer Duo May Convert Homestead-Area Offices to Apartments appeared first on Connect CRE.

Oak Row Equities and LNDMRK Development broke ground on 2900 Terrace, a multifamily tower in Miami’s Edgewater submarket. This milestone follows the closing of $210.5 million in construction financing, including a $142.5 million senior loan from Bank OZK and a $68.0 million mezzanine loan provided by Canyon Partners Real Estate. 2900 Terrace was designed by ... The post Oak Row, LNDMRK Start Work on Edgewater Apartments appeared first on Connect CRE.