SOUTHWEST FLORIDA

City National Bank of Florida sold a 124,168 square foot office building in Coral Gables for $39 million. Baptist Health South Florida was the buyer. The South Florida Business Journal reports that Baptist South, a nonprofit hospital operator, has not yet announced its plans for the building. Many of Baptist Health’s executives work out of ... The post Baptist Health Spends $39M on Coral Gables Office Building appeared first on Connect CRE.

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Newmark arranged the sale of and $45 million in financing for Ascend Waterleigh Village, a newly constructed, 280-unit Class A multifamily community in Winter Garden, Florida, within the Orlando metropolitan area.  Newmark’s Scott Ramey, Brad Downing, Paul Grant and Grant Bretzlaff represented seller D.R. Horton. Matthew Williams, Brian Kochan and Rob Wright secured the financing ... The post Newmark Arranges $45M Financing for Orlando Apartment Acquisition appeared first on Connect CRE.

A large team of developers and creative contributors is joining forces on Ocean One, a Class A mixed‑use development in Boynton Beach. Developed by Hyperion Group, Winter Properties, WREP, and Silverstein Properties, supported by equity funding from affiliates of Cantor Fitzgerald and Silverstein Properties, and construction financing from Madison Realty Capital, Ocean One will deliver 371 ... The post Development Group Starts Work on 371-Unit Boynton Beach Multifamily Venture appeared first on Connect CRE.

Avison Young and Fisher Auction completed the sale of all of the units and the .32-acre clubhouse/pool parcel of the 84-unit, 13-building condominium community located at 2800 Georgia Avenue in West Palm Beach, Florida. Woodfield Development was the top bidder at $13.5 million. The development was over $1.5 million behind in paying its water bills. ... The post Woodfield Acquires West Palm Beach Condos at Auction appeared first on Connect CRE.

BKM Capital Partners (“BKM”) and Kayne Anderson Real Estate have acquired a four-property, 543,000-square-foot light industrial portfolio in Central Orlando for $103 million. The assets sit in the 33rd Street/McLeod and Silver Star corridors and bring BKM’s Central Florida holdings to 13 properties totaling more than one million square feet. The portfolio comprises seven buildings ... The post BKM, Kayne Anderson Pay $103M for Orlando Industrial Portfolio appeared first on Connect CRE.

The Fuse Group and KREA Developments landed a $127 million construction take-out loan for The Arcadian, a recently delivered 502-unit Fort Lauderdale multifamily community. Berkadia’s Scott Wadler, Brad Williamson, Bobby Dockerty, and Nicholas Horowitz of Berkadia Miami arranged the financing on behalf of the joint venture. Madison Realty Capital provided the loan. Located at 640 ... The post Development Group Scores Financing for 502-Unit Fort Lauderdale Apartment Complex appeared first on Connect CRE.

April Housing, a preserver of affordable housing, inked a $366.1 million refinancing on 13 Florida apartment communities. Berkadia’s Tim Leonhard secured financing through Fannie Mae on behalf of April Housing, a Blackstone portfolio company. The portfolio includes garden-style multifamily housing assets in Miami, Jacksonville, and Tampa. The transaction advances the continued preservation and operation of ... The post April Housing Obtains $366.1M Refi for 13-Property Florida Portfolio appeared first on Connect CRE.

As it’s likely to do, Publix Super Markets bought out its landlord at Airpark Plaza in Miami. The company paid $83.25 million for the 204,000-square-foot shopping center. The S. Florida Business Journal reports First Washington Realty was the seller. Airpark Plaza last traded for $36.82 million in 2008. Publix often buys out its landlords, allowing ... The post Publix Pays $83.5M for Miami Shopping Center appeared first on Connect CRE.

Front Range Partners inked a $75 million loan to refinance EVO St. Petersburg, a high-rise apartment complex in downtown St. Petersburg. Walker & Dunlop Capital Markets Institutional Advisory, led by Jonathan Schwartz, Aaron Appel, Keith Kurland, Adam Schwartz, Sean Reimer, Dustin Stolly, Michael Stepniewski, Michael Ianno and Cody Ela, arranged the fixed-rate financing provided by Freddie Mac on behalf of FrontRange Capital Partners. Delivered in 2023, ... The post Front Range Obtains $75M Refi on St. Pete Apartments appeared first on Connect CRE.