LADY LAKE, FLA. — Thompson Thrift has opened Standard441, a 300-unit community in Lady Lake, 53 miles northwest of Orlando, Florida. The three-story property offers one-, two- and three-bedroom units that range from 689 square feet to 1,369 square feet, according to Apartments.com. Monthly rates for the property start at $1,360. Shared amenities at the community include a fitness center, outdoor spa, dog park, pet spa and heated pool with a pavilion featuring a fireplace and grills, pickleball court, putting green and cornhole area. The community also offers a 24-hour …
PORT WENTWORTH, GA. — A joint venture consisting of PCCP LLC and Advenir Azora has purchased 28 acres in Port Wentworth for the development of a 250-unit build-to-rent (BTR) community. The site is located at 1100 Meinhard Road, approximately 10 miles from the Port of Savannah, a major seaport located in Savannah, Georgia. The community will offer one- and two-bedroom duplexes, two-bedroom cottages and two- and three-bedroom townhomes. The average unit size will be 1,081 square feet. Amenities will include a 3,000-square-foot clubhouse and leasing center with a conference room, …
HOLLYWOOD, FLA. — Marcus & Millichap has arranged the sale of Executive Rental Apartments, a 44-unit property in Hollywood, 20 miles north of Miami. The three-story building was built at 1715 North 16th Ave. in 1969. The community features an elevator, three laundry rooms and a pool. The unit mix includes one- and two-bedroom floor plans. Joseph Thomas, Alec Demetriou and Adam Marcuvitz of Marcus & Millichap’s Fort Lauderdale office marketed the property on behalf of the seller and procured the buyer.
VALDOSTA, GA. — Marcus & Millichap has arranged the $18.3 million sale of 805 Harmon Heights Apartments & Condos, a 100-unit asset in the southern Georgia city of Valdosta. John Brigel of Marcus & Millichap’s Tampa office marketed the asset on behalf of the seller, Bobby Diaz, builder and operator of Diaz Construction LLC, and procured the undisclosed buyer from Tennessee. John Leonard is Marcus & Millichap’s broker of record in Georgia. Located at 805 Harmon Drive, the property consists of 113,600 square feet across nine buildings. Units come in …
ROYAL PALM BEACH, FLA. — The Lynd Group has secured a $132.5 million bridge loan from MF1 Capital to refinance the construction loan for The Villas at Tuttle Royale, a 401-unit asset in Royal Palm Beach, roughly 12 miles west of West Palm Beach. New York-based S3 Capital provided the original $126 million construction loan to Lynd Group in March 2023. The Villas at Tuttle is located within Tuttle Royale, a 200-acre mixed-use project. Situated at 11200 Nicole Drive, The Villas at Tuttle comprises 26 buildings. The garden-style community offers one-, …
For most of 2024, relatively high property values combined with rising interest rates priced buyers out of the market for new commercial and residential real estate acquisitions. This slowdown has not only impacted investors and homeowners, but it’s also affected the entire real estate industry — from lenders to appraisers, brokers, law firms, title insurance companies and beyond. Because Section 1031 exchange activity moves in lockstep with the real estate investment cycle, activity for qualified intermediaries has slowed as well. Section 1031 exchanges traditionally have been used by investors to …
ATLANTA — SJC Ventures, an Atlanta-based mixed-use, retail and multifamily development firm, has appointed Natalie Battisti as vice president of leasing. In his role, she will oversee all leasing operations for the company. Most recently, Battisti served as the Southeast vice president of leasing at Jamestown Properties. She received a bachelor’s degree in real estate and finance from Florida State University.
RALEIGH, N.C. — Aventon Cos., a Raleigh-based developer and general contractor, has hired Jeff Furman to the role of senior managing director. Furman will work to acquire new sites to develop new suburban apartment communities while managing existing developments. He will concentrate on the Raleigh-Durham and Charlotte metropolitan areas. Prior to joining Aventon Cos., Furman was a developer partner and the director of Raleigh operations at Northwood Ravin. He has also served as director of development for Crosland LLC. Furman graduated from the University of Texas at Austin with a Master of Science …
MIAMI — The Miami-Dade County Commission has granted final approval for Little River District, a $3 billion mixed-use development situated on 63 acres in Miami’s Little River and Little Haiti neighborhoods. SG Holdings — a joint venture between Swerdlow Group, SJM Partners and Alben Duffie — is the developer. Little River District will offer more than 5,700 affordable and workforce housing units, as well as retail, green spaces and transit infrastructure with the addition of a new train station. Construction is slated to begin in 2026, with a projected development …
CHARLOTTE, N.C. — Rosewood Property Co., a Dallas-based investment and development company, has opened a new office in Charlotte. Additionally, the company hired Caci Jaeger to lead the new office as senior vice president of Carolinas. In her new role, Jaegar will manage and direct multifamily development activities throughout the region. She will also oversee the office’s operations and staff. Jaeger previously served as a partner with Charlotte-based Cedar Square. She has also held positions with LCOR Inc. and Corebridge. She earned her undergraduate degree in urban studies from Brown …
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