Florida

JLL Capital Markets Arranges Financing for Preserve at Perdido in Pensacola, Florida

by Channing Hamilton September 9, 2024

PENSACOLA, FLA. — JLL Capital Markets has negotiated financing for Preserve at Perdido, a 312-unit community in Pensacola. JLL worked on behalf of the borrower, Graycliff Capital, to secure the seven-year, fixed-rate loan through Freddie Mac. Trent Niederberger and Danté Thomas led the JLL Capital Markets Debt Advisory team. The loan will be serviced by JLL Real Estate Capital LLC, a Freddie Mac Optigo Lender. Built in 2022, Preserve at Perdido features one-, two- and three-bedroom apartments with an average size of 1,201 square feet. The complex consists of 13 …

September 9, 2024

Florida Investment Sales News Southeast

Marcus & Millichap Brokers $2.4 Million Sale of NoMi Villas in Miami Suburb

by Channing Hamilton September 9, 2024

NORTH MIAMI, FLA. — Marcus & Millichap (NYSE: MMI) has arranged the sale of NoMi Villas, a 16-unit asset in the Miami suburb of North Miami. The property rises two stories on a 0.3-acre site. Falcon Real Estate Holdings purchased the community from Xanadu Prop for $2.4 million. Nicholas McAndrew, Evan Kristol and Felipe Echarte of Marcus & Millichap’s Fort Lauderdale office marketed the property on behalf of the seller and procured the buyer.

September 9, 2024

Development Florida News Southeast

Presidium Completes 334-Unit Presidium Regal in Jacksonville, Florida

by Channing Hamilton August 23, 2024

JACKSONVILLE, FLA. — Presidium has completed Presidium Regal, a 334-unit development located at 14501 Beach Blvd. in Jacksonville. Designed by Atlanta-based Dwell Design Studio, the property offers one-, two- and three-bedroom apartments that range in size from 550 to 1,600 square feet. Amenities include a 11,000-square-foot leasing office and clubhouse featuring a clubroom, game lounge, golf simulator, theater room, showroom kitchen, coworking lounge with micro-offices, podcast rooms, a rooftop lounge and a 2,000-square-foot fitness center. Other amenities include a pool with grilling stations, cabanas, indoor and outdoor fireplaces, car wash, juice …

August 23, 2024

Florida Investment Sales News Southeast

Marcus & Millichap Brokers $11.2 Million Sale of Paddock Apartments in Ocala, Florida

by Channing Hamilton August 22, 2024

OCALA, FLA. — Marcus & Millichap (NYSE: MMI) has negotiated the sale of Paddock Apartments, an 85-unit community in the central Florida city of Ocala. Paddock Apartments is located at 1900 SW 31st Ave. and consists of 19 buildings. Apartments come in one- and two-bedroom layouts. Red Knight Ocala sold the property to Paddock Apartments 85 for $11.2 million. Jason Hague and Ned Roberts of Marcus & Millichap’s Tampa office marketed the asset on behalf of the seller and procured the buyer.

August 22, 2024

Finance Florida News Southeast

PMG, Greybrook Secure $178 Million Refinancing for Society Wynwood in Miami

by Channing Hamilton August 21, 2024

MIAMI — PMG and Greybrook have secured a $178 million loan for the refinancing of Society Wynwood, a 318-unit mixed-use asset located at 176 N.W. 25th St. in Miami’s Wynwood Arts District. Eastdil Secured arranged the loan through funds managed by Ares Management and Monarch Alternative Capital on behalf of the borrowers. Randy Barcelo of Stearns Weaver Miller advised PMG in the transaction. Society Wynwood rises 10 stories. The community offers 82,000 square feet of amenities, including a pool, theater lawn, outdoor gym and coworking spaces. The property also offers 50,210 …

August 21, 2024

Development Finance Florida News Southeast

Walker & Dunlop Arranges $53.6 Million Construction Financing for Clara Bay Harbor 100th in Bay Harbor Islands, Florida

by Channing Hamilton August 16, 2024

BAY HARBOR ISLANDS, FLA. — Walker & Dunlop has brokered a $53.6 million loan for the construction of Clara Bay Harbor 100th, a 150-unit development in Bay Harbor Islands, 15 miles from Miami. Adam Schwartz, Aaron Appel, Jonathan Schwartz, Keith Kurland, Michael Ianno, Christopher de Raet and Marlon Robins of Walker & Dunlop secured the loan on behalf of the borrower. Located at 1145-1163 100th St., Clara Bay Harbor 100th is the second phase of a three-phase rental development by Clara Homes. Phase II will comprise 45 units. The developer …

August 16, 2024

Atlantica at Town Center in Davenport, Florida

Finance Florida News Southeast

JLL Arranges $69.6 Million Refinancing for Atlantica at Town Center Near Orlando

by Channing Hamilton August 15, 2024

DAVENPORT, FLA. — JLL has arranged a $69.6 million loan for the refinancing for Phase I of Atlantica at Town Center, a community located at 1121 Loblolly Lane in the Orlando suburb of Davenport. Gregory Nalbandian, Kenny Cutler and Josh Odessky of JLL arranged the two-year, floating-rate bridge loan through Timbercreek Capital on behalf of the borrowers, Sovereign Properties and Invest Capital Group. Phase I of Atlantica at Town Center, which was delivered in December 2022, comprises 360 units. The community features one-, two- and three-bedroom units ranging from 683 …

August 15, 2024

Development Finance Florida News Southeast

13th Floor Secures $83 Million Construction Loan for Parks at Hallandale in Hallandale Beach, Florida

by Channing Hamilton August 15, 2024

HALLANDALE BEACH, FLA. — Miami-based 13th Floor Investments has secured an $83 million construction loan for Parks at Hallandale, a 398-unit project underway in Hallandale Beach, approximately 12 miles south of Fort Lauderdale, Florida. Development is slated to complete in 2026. CIBC Bank USA provided the loan. Scott Wadler and Alec Fox of Berkadia also arranged an undisclosed amount of preferred equity from Houston-based Marble Capital. Situated on 15.5 acres, Parks at Hallandale will offer studio, one-, two- and three-bedroom market-rate and workforce housing units. Planned amenities include a clubhouse, …

August 15, 2024

EDEN at Kendall West in Jacksonville, Florida

Build-to-Rent Development Florida Leasing & Marketing News Southeast

EDEN Living Delivers 265-Unit Build-to-Rent Community in Jacksonville, Florida

by Channing Hamilton August 6, 2024

JACKSONVILLE, FLA. — EDEN Living has completed EDEN at Kendall West, a 265-unit build-to-rent community in Jacksonville. The community is situated on 20 acres at 9105 Tredinick Pkwy. EDEN at Kendall West offers 193 single-story units and 72 two-story townhomes. Units come in one-, two- and three-bedroom layouts and range from 700 to 1,300 square feet. Each residence features a private backyard. The townhomes also include private garages. Community amenities include a clubhouse, fitness center, pool, dog grooming station, dog park, walking trails and clubroom. Leasing and resident move-ins have …

August 6, 2024

Finance Florida News Southeast

BWE Arranges $76.8 Million Refinancing for The Mav Channelside in Tampa, Florida

by Channing Hamilton July 26, 2024

TAMPA, FLA. — BWE has negotiated a $76.8 million loan for the refinancing of The Mav Channelside, a 324-unit property located at 601 N. 12th St. in Tampa’s Channelside District. Alan Tapie, Thomas Wiedeman, Brad Walker and Hanley Long of BWE secured the five-year, fixed-rate loan using Fannie Mae’s Near-Stabilization Execution. The borrower was a joint venture led by Birmingham, Ala.-based Daniel Corp. The Mav Channelside was built in 2022. The mid-rise community offers a mix of 108 studio, 163 one-bedroom and 53 two-bedroom apartments. Community amenities include a fitness …

July 26, 2024

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