$70M Bridge Financing Secured For Build-To-Rent Property In West Melbourne
“We’re seeing remarkable liquidity in the bridge lending market right now, with lenders aggressively competing to finance new-construction residential communities.”
$48M Refinancing Secured For Luxury Apartment Community In Florida’s Space Coast
JLL represented the borrower, Northshore Development, in facilitating the floating-rate loan through ACORE Capital LP.
Orlando Developer Pays $74M For 1,100+ Acres In Brevard County For Massive Project
This acquisition is the second and largest of three planned land purchases along Micco Road for the Ashton Park mixed-use development, a massive 1,568-acre project valued at $2.5 billion.
Stellar Communities Purchases Rockledge Airport For Townhome Community For $72M
The Space Coast has witnessed tremendous growth in recent years, fueled by expanding aerospace, defense, and STEM industries, as well as increased tourism. The region is home to some of the world’s most innovative companies, including NASA, SpaceX, Blue Origin, Boeing, and Lockheed Martin.
Carter Multifamily Acquires Apartment Community In Melbourne For $37.7M
Originally constructed in 2020, Mode at Melbourne encompasses approximately 218,592 rentable square feet and was 94% occupied at the time of the transaction.
CBRE Hires Prominent Vice Chair To Bolster Multifamily Sales Across Florida
Throughout his extensive career, he has facilitated numerous transactions with a wide range of multifamily stakeholders, including national and regional developers, institutional investors, REITs, insurance companies, high-net-worth individuals, and opportunity funds.
CRE-sources’ Top 10 Most Popular Stories Of 2024
In honor of the New Year, here are the most popular news headlines of 2024 on CRE-sources.
CFCAR’s Hallmark Awards Honors Central Florida’s Highest Producing CRE Brokers, Legacies And A CRE Icon
The Annual HALLMARK Awards event, presented by the Central Florida Real Estate Association (CFCREA) in association with the Central Florida Commercial Association of Realtors® (CFCAR). This year’s event included both unique insights into Orlando’s historic Packing District and a generous donation to 4Roots non-profit farming initiative, also located in Packing District.
Cushman & Wakefield Strengthens Central Florida Multifamily Presence With Addition Of Senior Director
He will join the firm’s existing Florida Multifamily Group led by Vice Chairs Mike Donaldson and Nick Meoli. The group will collectively represent institutional, private capital, and developers throughout Florida.
Demetree Global Acquires Prime Mixed-Use Property In Winter Park For $55 Million
The transaction, valued at $55.3 million, includes nine buildings encompassing 168,741 square feet of space.