TAMPA BAY

Blake Investment Partners and Related Group have agreed to pay the city of St. Petersburg $275 million for the rights to build an expansive mixed-use project on city-owned land. The two were the winning bidders for the 58 acres in the Historic Gas Plant District. Dubbed The Burg Bid, the team’s proposal includes a mix ... The post Blake, Related Win Bid to Build Massive St. Pete Mixed-Use Project appeared first on Connect CRE.

PGIM has had a hold on The Ponce, a two-building office complex in Coral Gables for nearly 20 years. The property recently sold for $97.8 million. Intalex Capital, Itero Investments and Greenwall Capital were the buyers of the 348,473-square-foot property. The tower at 2525 Ponce de Leon Blvd. totals 254,803 square feet and rises 12 ... The post PGIM Sells Coral Gables Office Campus for Nearly $100M appeared first on Connect CRE.

For the past two years, one word has dominated conversations about the Sunbelt apartment market: oversupply. The numbers behind the narrative are real. A wave of multifamily projects that broke ground during the pandemic construction boom came online between 2023 and 2025, flooding many fast-growing markets throughout the Southwest and Southeast with new inventory. Rent ... The post The Sunbelt and Multifamily: Oversupply Isn’t the Whole Story appeared first on Connect CRE.

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S3 Capital originated a $111 million construction loan to finance the development of Sense22, a 36-story multifamily development located at 114-138 NE 22nd St in Edgewater, Miami. JLL Capital Markets’ Max La Cava worked on behalf of HA Emprendimientos to arrange the financing.  HA Emprendimientos develops residential and mixed-use projects across the United States and Latin ... The post S3 Originates $111M Construction Loan for Edgewater Rental Community appeared first on Connect CRE.

Avalon Bay Communities purchased a full city block in South Miami, clearing the way for a mixed-use community. AvalonBay acquired the approximately 1.18-acre site from longtime owner Robins Plaza for a base purchase price of $22 million in an off-market transaction. Cushman & Wakefield’s Virgilio Fernandez represented AvalonBay Communities in the transaction. Avalon Bay’s newest ... The post Avalon Bay Planning Apartments, Retail in South Miami appeared first on Connect CRE.

Redfearn Capital sold a 363,000 square foot warehouse at 12751 Gran Bay Parkway in Jacksonville, Florida, for $37.3 million. The sale comes less than two years after the property was acquired from Brookfield for $27.2 million in August 2024. The buyer is G3 Enterprises, Inc. The warehouse is fully leased to Saddle Creek Logistics, which has ... The post Redfearn Offloads 363K-SF Jax Warehouse appeared first on Connect CRE.

Butters Construction & Development and PEBB Enterprises, along with Konsker Development, are partnering to develop One Midtown, a brand-new Class A office project in Boca Raton. One Midtown will include more than 120,000 square feet of Class A office space and over 11,000 square feet of ground-floor retail. PEBB’s Ian Weiner suggested Boca has more affordable rates ... The post PEBB-Led Team Developing 120K-SF Boca Office Project appeared first on Connect CRE.

35 Oak Holdings offloaded The Plaza at Coral Springs for $18.3 million. The South Florida Business Journal reports that The Plaza at Coral Springs last sold for $17.74 million in 2016. It was built on the 10.6-acre site just east of Coral Square Mall in 1985. Maven Real Estate was the buyer. of the 96,000-square-foot ... The post 96K-SF Coral Springs Retail Center Changes Hands appeared first on Connect CRE.

WD Capital Group arranged $101 million in construction financing for Visions Orlando Resort & Spa, a 70-acre master-planned luxury resort community in Davenport, Florida. Sponsored by Urban Network Capital Group (UNCG) and Vertical Developments, the project features a mix of single-family homes, townhomes, and condominium residences complemented by an extensive amenity program and neighborhood-serving retail. ... The post Joint Venture Inks $101M Construction Loan for Davenport Mixed-Use Venture appeared first on Connect CRE.