Fifield Cos. is asking the Coral Gables planning board for permission to convert a school property into an apartment project called Chrystal Residences. The company is looking at a 1.47-acre site at 110 Phoenetia Ave, which is home to a 9,280-square-foot special needs facility. The South Florida Business Journal reports Fifield paid $16 million for ... The post Fifield Pursuing Coral Gables Site for 9-Story Apartment Tower appeared first on Connect CRE.

Coke Florida has completed an $84 million renovation of an Orlando distribution and bottling center. The 180,000-square-foot facility at 3095 Eunice Ave. was completely gutted and rebuilt to support new state-of-the-art equipment. The Orlando Business Journal reports the upgraded facility includes advanced automated warehouse technology designed to improve efficiency, order accuracy and overall service reliability. Coke Florida ... The post Coke Bottler Completes $84M Orlando Warehouse Upgrade appeared first on Connect CRE.

MCR, owner of the Hilton Miami Airport Blue Lagoon, plans to add 1,000 hotel rooms by using space now used for surface parking. The idea is to build two 14-story buildings at 5101 Blue Lagoon Drive. Behar Font & Partners has been tapped to design the project. Florida YIMBY reports the existing hotel would remain ... The post MCR Pursuing 1,000 New Miami Airport Hotel Rooms appeared first on Connect CRE.

Dalfen Industrial acquired a nine-building industrial portfolio totaling 419,253 square feet in Broward County. Blackstone and Link Logistics sold the warehouses to Dalfen for $99.6 million. Acquired at 55% replacement cost, the Broward Logistics Portfolio is currently 83% leased to nine tenants, including FedEx, Event Service Group Real Estate, Chromalloy Material Solutions, LLC, and Commercial Distribution Specialists, Inc. The portfolio features buildings ranging ... The post Dalfen Adds 419K-SF Broward County Industrial Portfolio to Warehouse Holdings appeared first on Connect CRE.

Constellation Group and The Boschetti Group closed on a $67.5 million construction loan for Cora Merrick Park, a boutique residential condominium in Coral Gables. Located at 4241 Aurora Street, Cora will deliver 74 residences. Lender BHI provided the financing, which was arranged by a Berkadia Miami team led by Scott Wadler and Matt Nihan. Construction on ... The post Developer Duo Closes on $67.5M Financing for Coral Gables Condos appeared first on Connect CRE.

13th Floor Investments, in partnership with Barings, has secured a $134 million construction loan to finance the development of Crescendo, the fourth and final residential tower at Link at Douglas. The construction financing is led by Santander Bank in partnership with TD Bank and First Horizon Bank. Located at 3070 SW 37th Avenue, adjacent to Miami-Dade County’s Douglas ... The post 13th Floor Obtains $134M Construction Loan for Douglas Final Phase appeared first on Connect CRE.

CBRE arranged the sale and financing of Coconut Creek Plaza, a 122,474-square-foot retail shopping center located at 5233-5289 Coconut Creek Parkway in Margate, Florida. The property sold for $21.5 million. The South Florida Business Journal reports it last traded for $12.3 million in 2015. CBRE’s Benjamin Silver and Kelley Greenstein represented the seller, Alliance XVI and secured CEMC Holdings ... The post 122K-SF Margate Retail Center Trades for $21.5M appeared first on Connect CRE.

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Gateway Jax is spending $50 million to transform the former Ambassador Hotel building into a new hotel concept. Founded in 2022, Gateway Jax was created in partnership with JWB Real Estate Capital and DLP Capital. Gateway Jax’s $2+ billion development pipeline spans 25 city blocks of mixed-use development in the Urban Core of Downtown Jacksonville ... The post Gateway Jax Begins $50M Revamp of Historic Hotel Property appeared first on Connect CRE.

PEBB Enterprises and Banyan Development completed the sale of the 134,000-square-foot Lowe’s Home Improvement building, including its garden center, at Shoppes at Southern Grove in Port St. Lucie’s master-planned Tradition community. A. Duda & Sons Inc. purchased the property from PEBB and Banyan. The sale price was $10.5 million.  The Lowe’s store opened on June ... The post PEBB, Banyan Sell Off Port St. Lucie Retail Center Asset appeared first on Connect CRE.