Other Industry News

Marcus & Millichap Brokers Sale Of 64,688-SF Retail Plaza In West Melbourne

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Salim Valiani, an investment specialist in Marcus & Millichap’s Orlando office, had the exclusive listing to market the property on behalf of the seller.

Denver-Based AREIT Purchases $200M+ Of Orlando Industrial Properties

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On the selling end were four different entities registered to New York-based Blackstone Inc. subsidiaries in New York and Chicago. All five sales took place Feb. 17.

Grocery-Anchored Shopping Center In Lakeland Sells For $9.2M

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Drew A. Kristol and Kirk D. Olson, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, Miami-based CF Properties.

1975-Built Orlando Apartments Sell For $51.2M

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The property traded above its initial pricing guidance, reinforcing an unyielding investor appetite for Central Florida multifamily.

Five-Building Ocala Industrial Portfolio Trades

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The buildings, built between 1968 and 1978, were sold after an intense bidding war at a notably strong cap rate, especially for older industrial assets, indicating that investor appetite is increasing in Florida’s secondary and tertiary markets.

Stonemont Unveils Plans For Two Massive Distribution Centers In Central Florida

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Totaling 1.33 million square feet, the projects in Groveland and Ocala are both being developed on a speculative basis and will deliver in early 2023.

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