BLDG Real Estate and The Fellowship Family closed on $100 million in financing for the 205-unit Fellowship Wildlight in Nassau County. The Jacksonville Business Journal reports the financing team for the venture includes Peachtree Group, Florida Development Finance Corporation, Farmers & Merchants Bank, a Greystone fund and Promus Realty.   Fellowship Wildlight will be located within ... The post Development Team Closes on $100M Loan for N. Florida Sr. Living Community appeared first on Connect CRE.

El-Ad National Properties acquired the property located at 3265 Virginia St., Miami, Fla., for $45.5 million. The seller was an affiliate of the Canero Group. Omar Morales of Berkadia represented the seller in the transaction. Located in Coconut Grove, the property currently consists of a two-story residential building with 25 residential units and approximately 20,490 square ... The post El-Ad Pays $45.5M for Coconut Grove Property appeared first on Connect CRE.

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Costco Wholesale has acquired a 55-acre development site in Fort Myers. The retail giant paid $55 million for the parcel at Colonial Boulevard and Plantation Road, The transaction was brokered by Chuck Mayhugh and Chase Mayhugh of Mayhugh Commercial Advisors, who represented the seller.  The property traded at approximately $23 per square foot, which Mayhugh ... The post Costco Pays $55M for 55-Acre Fort Myers Location appeared first on Connect CRE.

Related Ross announced Village Landing, a 71-acre mixed-use development in Wellington. It will bring together retail, dining, office, hospitality, and residential offerings. The project will deliver approximately 220,000 square feet of retail, more than 100,000 square feet of restaurant space, a 180-room hotel, 90,000 square feet of office space, and community outdoor space. At the heart of ... The post Related Ross Helming Wellington Mixed-Use Venture appeared first on Connect CRE.

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.

OTO Development paid $31.5 for a St. Petersburg resort that was recently renovated due to hurricane damage. The 102-key Beachcomber Beach Resort reopened Oct. 30 after a year’s worth of repairs. The Tampa Bay Business Journal reports Gencom, the seller, bought the hotel in 2018 for $24 million. Hodges Ward Elliott brokered the sale of the resort. Preston ... The post St. Pete Beach Resort Trades for $31.5M appeared first on Connect CRE.

Redfearn Capital secured financing for an eight-building Jacksonville-area portfolio totaling $48 million. Prospect Ridge provided the financing. The portfolio includes a mix of front-load, rear-load and cross-dock industrial buildings near Interstate 95, Interstate 10 and Interstate 295, with access to Jaxport and Jacksonville International Airport. The properties range from 7,000 square feet to 70,000 square ... The post Redfearn Lands Refi on 8-Building Jax Warehouse Facility appeared first on Connect CRE.