HIALEAH, FLA. — Coldwell Banker Commercial Realty has arranged the $21.2 million sale of a 74-unit property at 1350 W. 46th St. in Hialeah. Coldwell Banker’s Alex Lizama represented the seller, Royal Income Properties, in the deal. The buyer was a private investment group requesting anonymity. Built in 1972, the property spans approximately 44,940 square feet. The one- and two-bedroom units are complemented by amenities that include a pool and controlled access.
SARASOTA, FLA. — Indianapolis-based owner-developer Milhaus has closed on a construction loan and land sale and has broken ground on Tallevast, a 231-unit project in Sarasota. BMO provided construction financing, Marble Capital is an equity partner, and FaverGray is serving as general contractor. Completion is slated for November 2027. Located at 2750 Tallevast Road, the property is about three miles east of Sarasota Bradenton International Airport. The community will be comprised of five three-story garden-style buildings that will house studio to three-bedroom apartments ranging from 617 to 1,357 square feet. …
TAMPA, FLA. — The City of Tampa has selected PMG Affordable to lead a redevelopment in North Downtown Tampa that will include 1,150 units of new rental housing, 70 percent of which will be affordable. Specific rent restrictions, a project cost or development timeline were not disclosed. The city-owned land consists of four properties including an Army-Navy surplus store that was in business from 1938 until 2013. The development team also includes the Tampa Housing Authority, Bank of America Community Development Co. and DuCon, a Florida-based development and construction firm. …
TAMPA, FLA. — Crescent Communities has broken ground on HARMON Ashton Oaks in Tampa, marking the sixth and final collaboration of the first round of joint-venture developments with Heitman. The 115-unit townhome community is in the Wesley Chapel neighborhood of the Tampa metro region. Set across 28 acres at the intersection of State Road 54 and Ashton Oaks Boulevard, HARMON Ashton Oaks will be complete later this year. The community consists of three- and four-bedroom, two-story townhomes averaging approximately 1,800 square feet. Amenities include a resort-style pool with cabanas and …
NEW SMYRNA BEACH, FLA. — Florida-based investment firm Advenir Azora has obtained a loan provided by Balbec Capital for approximately $24.4 million to refinance Lymestone Ranch in New Smyrna Beach. Jesse Wright, Joshua Odessky, Luke Maganas and Duncan Miller of JLL Capital Markets arranged the financing. Lymestone Ranch, located about 50 miles northeast of Orlando, was developed in 2004 on approximately 19 acres. The property features 216 one-, two- and three-bedroom units and amenity highlights that include a fitness center, a pool, clubhouse and a business center.
PALM BEACH GARDENS, FLA. — The Dermot Co., in partnership with Dutch pension fund provider PGGM and TD Asset Management (TDAM), has acquired The Quaye, a 341-unit community in Palm Beach Gardens. Affinius Capital originated a $110 million loan to support the acquisition. Walker & Dunlop’s South Florida Investment Sales team, led by Still Hunter, arranged the sale, while Walker & Dunlop’s Aaron Appel, Dustin Stolly and Michael Ianno arranged the financing. The community is comprised of one-, two-, three- and four-bedroom apartments and townhomes. It is situated on a …
TAMPA, FLA. — Tampa-based owner-operator American Landmark Apartments has hired Adam Smolyar as chief technology officer. In his role, Smolyar will oversee core systems, data architecture, cybersecurity, data analytics and resident-facing platforms. He is responsible for ensuring the firm’s platforms are scalable and reliable and will partner with American Landmark’s executive leadership team to streamline technology solutions and financial systems. In Smolyar’s recent experience, he served as director of innovation initiatives and tech investments at UDR. Prior to that, he was chief marketing and technology officer at the Urban Land …
PANAMA CITY BEACH, FLA. — Berkadia has arranged $42.5 million on behalf of JSB Capital for the refinancing of Exchange at the Beach, a 232-unit property in the Upper Grand Lagoon neighborhood of Panama City Beach. The financing package consists of a $29 million Freddie Mac loan and $13.5 million in preferred equity. Mitch Sinberg, Scott Wadler, Brad Williamson and Matt Robbins of Berkadia Miami arranged the financing. Exchange at the Beach was developed in 2022 and is comprised of one- and two-bedroom units and amenities that include a pool …
BOCA RATON, FLA. — A joint venture between South Florida-based developer 13th Floor Investments and Boston-based private equity firm Rockpoint has obtained a $100 million construction loan from Santander Bank for Link at Boca, a 340-unit property with 24,000 square feet of retail space in Boca Raton. The project was announced in 2025. Construction is expected to begin later this month. The developers estimate the project will be complete within two years. The project, located at 680 Yamato Road, is adjacent to the Boca Raton Tri-Rail station, which is a …
SUNRISE, FLA. — David Schwadrom has sold Lakeside Villas, a 116-unit, build-to-rent property in Sunrise, 36 miles north or Miami, for $23 million. The buyer is a joint venture consisting of MAP Communities, Highline Real Estate and 340 Properties. JLL arranged a $15.5 million acquisition loan on behalf of the buyer, while Marcus & Millichap arranged the sale on behalf of Schwadrom. The asset, built in 1984, had not traded during the past 30 years, approximately. The property sits on 14 acres and features single-family, two-bedroom, two-bathroom villas with private …
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