Southeast

Sunlake-North

LAND O’LAKES, FLA. — Berkadia has arranged the sale of a 28.5-acre parcel. Brookfield Residential Land was the seller, and Maymount Homes was the buyer. The site, located in the master-planned community of Bexley 30 miles north of Tampa, is entitled for low-density multifamily. Maymount will partner with Dinerstein Cos. to develop a 250-unit build-to-rent (BTR) community on the site. The project will be complete by the fourth quarter of 2026. The unnamed project will include a mix of two- and three-bedroom residences featuring private yards, attached garages and access …

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Village-at-Legacy

DECATUR, GA. — The Housing Authority of the City of Decatur (Decatur Housing) and nonprofit developer partner Preserving Affordable Housing Inc. (PAHI) completed Phase I and broke ground on Phase II of Village at Legacy on June 18. Once completed, the two-phase development will offer 132 one-, two- and three-bedroom residences across two phases and in a variety of floor plans including townhomes and apartments. The first 66 units in Phase I are being delivered under a $20.4 million construction contract with total project costs reaching $27.9 million. The second …

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InterFace-Carolinas-Multifamily_Operators

CHARLOTTE, N.C. — The federal government has been cracking down on price gouging in recent months. In May, the Federal Trade Commission (FTC) implemented a rule to ban “junk fees” from live event platforms like Ticketmaster, as well as hotels and other short-term lodging. This rule precludes the vendor or property owner/management firm from being able to charge hidden fees on the back end by requiring them to put the total cost upfront, inclusive of all mandatory fees and charges. And in January, the U.S. Justice Department (DOJ), along with …

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Carmichael-Commons

MADISON, GA. — Woda Cooper Cos. and Parallel Housing opened Carmichael Commons in Madison on June 18. The $18.2 million, 60-unit townhome community is comprised of eight one-bedroom, 32 two-bedroom and 20 three-bedroom townhomes. Units are reserved for residents with household incomes up to 50 and 60 percent of area median income (AMI). Six units are offered at market rates without income restrictions. The developers also are underway constructing Prior Farms, an $18.5 million, 40-unit build-to-rent community on adjoining land. The two-phase project will include a new park developed by …

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Eden-Heritage-Lakes

WEST MELBOURNE AND JACKSONVILLE, FLA. —  JLL Capital Markets has arranged $114 million in bridge loans on behalf of BTR developer EDEN Living to refinance existing construction debt on two properties. The package includes a $70 million loan for the 373-unit EDEN at Heritage Lakes in West Melbourne and a $44 million loan for the 265-unit EDEN at Kendall West in Jacksonville. The direct lender of the construction takeout loans was not disclosed. Both properties were developed in 2024. JLL Capital Market’s Debt Advisory team representing the borrower was led by …

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The-Perrin

MIAMI — Newmark has arranged a $111 million construction loan, funded by Goldman Sachs, for the construction of The Perrin in Miami. The borrower and developer, The Empira Group, has broken ground on the 26-story, 310-unit project in the Brickell neighborhood. Construction is slated for completion in 2028. The project will include 2,500 square feet of ground-floor retail, 380 parking spaces and a mix of studio to three-bedroom units. Amenities include a fitness center with a yoga room, coworking spaces, a resort-style pool with cabanas and grills and a rooftop …

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JACKSONVILLE, FLA. — Mesa Capital Partners has acquired The Julington in the Mandarin neighborhood of Jacksonville. Developed in 2023 by local firm RISE Development, the 260-unit property features coworking spaces, a resort-style pool, pet spa, a garden and more. Financing for the acquisition was arranged through Walker & Dunlop’s Atlanta office. Pegasus Residential will oversee day-to-day property management. Atlanta-based Mesa Capital owned approximately 800 units in the Jacksonville metro area between 2013 and 2021. The acquisition of the Julington marks the investment and development firm’s re-entry to the market. Seller …

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ANF-South-Pointe

MIAMI LAKES, FLA. — General contractor ANF and developer The Graham Cos. have completed construction of South Pointe, a mixed-use project in Miami Lakes in Northwest Miami-Dade County, about 16 miles from downtown Miami. Wolfberg Alvarez & Partners was the architect. South Pointe spans approximately 8 acres acres along Commerce Way. The community features 179 units and 17,063 square feet of ground-floor retail space across three four-story buildings set alongside a lake. Amenities include a pool, wellness center, dog park, basketball court, meeting rooms, gazebos, 370 parking spaces and electric …

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Miami-CEDARst

MIAMI — CEDARst Cos. has broken ground on a mixed-use project in Miami that will include 191 units and 8,000 square feet of ground-floor retail in Miami’s Little River neighborhood. Completion is slated for May 2027. Units are designed in a mix of 52 studios as well as 84 one-bedroom, 43 two-bedroom and 12 three-bedroom floor plans. The property will also offer 302 parking spaces and a host of amenities, including coworking lounges, a golf simulator with two hitting bays, an indoor pickleball court, a pool deck, dry sauna, cold …

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HSR-Sandy-Springs

SANDY SPRINGS, GA — High Street Residential (HSR), the residential subsidiary of Trammell Crow Co. (TCC), alongside partner Third & Urban, has broken ground on Hillcrest, an 8-acre mixed-use development in the Atlanta suburb of Sandy Springs. Completion is slated for 2027. The project will include 362 apartment units, 30 for-rent townhomes, approximately 18,000 square feet of retail space and a central greenspace plaza. Hillcrest is located adjacent to the $230 million City Springs mixed-use development and is situated on land acquired from the Sandy Springs United Methodist Church, which …

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