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SROA will continue its strategy of seeking to acquire under-managed and undercapitalized portfolios and individual assets with significant net operating income ("NOI") growth potential.
The transaction combines $140 million in equity with $203 million in senior financing provided by Corebridge Financial and arranged by JLL.
The 0.47-acre property is in the heart of downtown Delray Beach and is among the few remaining infill industrial buildings in the city's central business district.
Waste Connections acquired the 12-acre industrial outdoor storage property from CenterPoint Properties, gaining a strategically located facility with 370 truck parking spaces near Interstate 95 and Florida’s Turnpike.
Home prices rose 0.3% in June, tied with May for the fastest growth since the start of 2026. Prices rose 3% on a year-over-year basis–the fastest growth rate in 10 months. Prices rose in 30 major metros month over month, with the biggest increases in Columbus (1.2%), Miami (1.1%) and Cincinnati (1%). This is based…
Miami office market achieves new rental record highs, reflecting continued demand and market tightness in the South Florida commercial real estate sector.
Nick Hassan, Jonathan De La Rosa and Eduardo Toledo of Marcus & Millichap exclusively marketed the property on behalf of the seller.
The logistics project is expected to break ground later this year.
The property was acquired by Miami-based structural shell contractor Tekton Construction Corporation.
Alamar Senior Living offers 105 assisted living and 29 memory care units that are 96% occupied.
The financing is reportedly the largest HUD loan issued in Florida, as well as the largest multifamily loan approved by HUD’s Southeast regional office and the biggest HUD transaction completed by Dwight Capital.
Longpoint was represented by Jose Sasson-Lerner and Roberto Susi of Axiom Capital Advisors. Ralph Merritt of Commercial Property Group represented the seller in the off-market transaction.
Scheduled to open in August, the 10,000-square-foot space will serve as the company's operational and creative hub as the company continues to expand. Close to 20 employees have relocated from Baltimore to support the company’s next phase of growth. The company also plans to hire between 30-60 additional full-time…
JLL represented the borrower in securing the three-year loan through S3 Capital.
UTEX Storage Partners closed on a $42.5 million construction loan to finance a two-property self-storage portfolio in the Miami metropolitan area. Affinius Capital and Axonic Capital originated the loan. The financing was arranged by Daniel Hartnett of Greysteel. The first property, located in Pembroke Pines, FL,…
Pagani Residences advances its North Bay Village development with construction underway and new project details shared via exclusive virtual tour.
A supertall residential tower in downtown Miami reached groundbreaking stage with participation from developer partners PMG and Greybrook.
Witkoff and Monroe Capital have secured a $302.6 million loan construction loan to build a multifamily tower in Downtown Miami, property records show. The high-rise will include about 890 units and 15,000 square feet of ground-floor retail space at 700 North Miami Avenue, between the MiamiCentral station and the…
UTEX Storage Partners has secured a $42.5 million loan to refinance a two-property self-storage portfolio in Miami-area cities Coral Gables, Fla. and Pembroke Pines, Fla., Commercial Observer can first report. Affinius Capital and Axonic Capital provided the debt — the fifth such joint origination between the two…
Rising retention and easing development support the multifamily market amid new leasing challenges.
Tabani Group acquired a retail property in Miami for $25.7 million.
Construction began on a 340,000+ SF phytosanitary/cold-chain facility at MIA/PortMiami, a public-private partnership targeting a 2027 opening.
South Miami commissioners approved a 16-story, 675-bed student tower near University of Miami, replacing a hotel/retail site.
Terreno signed an 88,000 SF lease at Countyline Corporate Park Building 25 (Hialeah/Miami-Dade) with an export/reverse-logistics tenant.
Avison Young completed the $8.824-million sale of a 31,488-square-foot industrial property located at 7577 Airway Rd. in the Otay Mesa submarket of San Diego. Associate Tanner Johnson and principal Jamie Endres-Keller, along with Barry Katz and Blake Katz of WGS Realty, represented the seller, a Miami-based private…
Cushman & Wakefield research examining the persistent appeal and performance dynamics of high-profile retail corridors across the Americas.
SAN DIEGO — Avison Young has brokered the $8.8 million sale of an industrial property located at 7577 Airway Road in the Otay Mesa submarket of San Diego. An undisclosed buyer acquired the asset from a Miami-based private investor. Situated on 4.2 acres, the 31,488-square-foot industrial property features seven…
Colliers reports on Miami-Dade County's retail market fundamentals and performance in the second quarter of 2026.
Colliers' Q2 2026 market analysis documents continued improvement in Broward County's industrial sector, driven by strong tenant demand, positive absorption, and stable occupancy.
Colliers reports on Palm Beach County's retail market performance in Q2 2026, noting positive net absorption, declining vacancy rates, and ongoing rent growth.
Colliers reports on Palm Beach County's office market performance in Q2 2026, highlighting positive net absorption and recovery from recent occupancy declines.
Colliers analyzes Palm Beach County's industrial market fundamentals in Q2 2026, noting mixed but stable conditions as the sector normalizes after years of rapid expansion.
Colliers reports that Miami-Dade County's office market posted 127,356 square feet of positive net absorption in Q2 2026, with year-to-date gains of 224,233 square feet.
Colliers reports on Broward County's office market stability in mid-2026 despite negative absorption figures.
Colliers' analysis of Broward County retail market conditions in mid-2026, noting fundamental health despite moderation in select performance indicators.
Colliers reports on Miami-Dade County's industrial market performance in Q2 2026, highlighting leasing activity, positive absorption, and rental growth trends.
This is a market report published by Commercial Observer in July 2026 covering retail sector vacancy conditions in South Florida, indicating sub-5% vacancy rates. The report includes capital markets analysis and carries both national and Florida geographic classifications.
MEDLEY, FLA. — NAI Miami | Fort Lauderdale has brokered the $6.6 million sale of a 2.6-acre industrial site located at 7501 N.W. 72nd Ave. in Medley, about 14 miles northwest of Miami. Locally based Tekton Construction Corp. purchased the site from the seller, an entity doing business as 7501 Medley Civil LLC.…
ISLAMORADA, FLA. — Bass Pro Shops, an outdoors retailer based in Springfield, Mo., has purchased Cheeca Lodge & Spa, a 27-acre resort in the Florida Keys city of Islamorada that was established in 1946. Northwood Investors sold the property to Bass Pro Shops but will continue to manage the 254-room resort and…
HOLLYWOOD, FLA. — Starlife Group has launched pre-leasing at 21 Hollywood, a 200-unit luxury community in Hollywood, Florida. The 14-story mixed-use tower at 2100 N. Federal Highway includes 10,000 square… The post Leasing Begins at 21 Hollywood in South Florida appeared first on Multifamily & Affordable Housing…
There were almost half a million more home sellers than buyers in the U.S. in June, equal to 48.5% more. That means buyers hold the negotiating power. The number of homes listed for sale hit its highest level since 2020–but more buyers entered the market, too, which is why the seller-buyer gap didn’t change much…
JPMorgan Chase provided a $205 million refinancing loan for Blackstone's East Miami hotel, a 39-story, 352-room property in the Brickell district that Blackstone acquired for approximately $300 million in 2025. The property, completed in 2016 and located within the Brickell City Centre mixed-use complex, represents the first debt loaded onto the asset and marks the second major South Florida hotel refinancing JPMorgan has provided to Blackstone in recent months.
Kolter Group and BH Group have expanded their Miami Beach oceanfront assemblage through multiple acquisitions totaling approximately $60.2 million, including purchase of 10 condo units at Port Royale Condo for $3.8 million and commercial condos at Crystal Beach Suites Hotel for $14.4 million. The developers plan to replace the aging structures on the oceanfront block between 69th and 71st streets with a 37-unit luxury condo tower designed by Kobi Karp, featuring 947 square feet of ground-floor retail and 86 parking spots.
Dependable Equities, an affiliate of Sky Equity Group, secured $54 million in pre-construction financing from CDK, with Valley National Bank serving as a participating lender to advance a residential development south of the New River, near downtown Fort Lauderdale. The financing, arranged by Daryl Hagler and Allen…
The Palm Beach County Commission voted 5-2 to freeze new data center applications in unincorporated areas pending zoning changes, and directed staff to draft a year-long moratorium expected to be finalized the following month, citing concerns about infrastructure impact and resident opposition. The pause affects future proposals but allows one pending 3.7 million-square-foot development called Central Park Commerce Center (Project Tango) on 202 acres in Loxahatchee to proceed with its review.
Siemens Financial and First Horizon provided $64.8 million in construction financing for the Health Park at Avenir project in Palm Beach Gardens, Florida, a hospital and medical outpatient complex fully leased to Jupiter Medical Center. The project, located at 12001 Northlake Boulevard, comprises a two-story neighborhood hospital and three-story medical outpatient building totaling 101,517 square feet, with an approved future phase for 24,000 additional square feet of medical outpatient space.
Real estate investor Robert Rivani sold the Wynwood Jungle retail building in Miami to Tabani Group for $25.7 million, equivalent to approximately $660 per square foot for the 39,000-square-foot property located between 75 and 43 Northwest 23rd Street. The property, which Rivani purchased for $13.3 million in 2021, contains ground-floor tenants including Häagen-Dazs and The Salty doughnut shop, with approximately half of the leasable space available, and was encumbered by litigation involving restaurant operators over lease terms and occupancy disputes.
Prices rose 2.2% year over year in June to a record high, mainly because of growing demand. Existing U.S. home sales ticked up to a seasonally adjusted annual rate of 4.4 million, the highest level since 2022, and pending home sales reached their second-highest level since 2023. Wealthy Bay Area and South Florida…
HOLLY HILL, FLA. — Marcus & Millichap has arranged the sale of Regents Park, a 32-unit property in Holly Hill, 3 miles north of Daytona Beach. The asset sold for $4.6… The post Marcus & Millichap Arranges $4.6M Sale of Regents Park in Holly Hill, Florida appeared first on Multifamily & Affordable Housing Business .
PEMBROKE PINES, FLA. — Chicago-based Waterton has acquired The Landings at Pembroke Lakes, a 358-unit property in Pembroke Pines, 20 miles southwest of Fort Lauderdale. The South Florida Business Journal… The post Waterton Buys Landings at Pembroke Lakes in South Florida for $80.5M appeared first on Multifamily &…
West Palm Beach, FL, where the typical luxury home costs 8.9 times more than the typical non luxury home, has the nation’s biggest luxury home price premium. Next comes Miami, with a median luxury-to-non luxury home price ratio of 8.8, and New York City, where the typical luxury home costs 5.5 times the typical non…
Rents Improve, Occupancy Slips At the start of the second quarter, South Florida’s multifamily market registered moderate performance, according to the latest Yardi Matrix Miami multifamily market report. Average advertised asking rents were up 0.2%, on a trailing three-month basis through April, to $2,526,…
Cushman & Wakefield brokered a full-floor office lease transaction at Bradenton Financial Center between landlord Savlan Capital and tenant Kimley-Horn.
BOCA RATON, FLA. — Newmark has arranged a refinancing loan on behalf of Grand Peaks for The Seven at West Boca. Denver-based Grand Peaks acquired the 448-unit community in 2024.… The post Grand Peaks Secures Refinancing for The Seven at West Boca appeared first on Multifamily & Affordable Housing Business .
POMPANO BEACH, Fla. —DeMarco Real Estate Group of REMAX 5 Star Realty has brokered the $17.9 million sale of The Residence at Pompano Beach, an assisted living property located in Pompano… The post DeMarco Real Estate Group Brokers $17.9M Sale of Assisted Living Property in South Florida appeared first on Seniors…
Palm Beach County's industrial market recorded a 7.7% overall vacancy rate in Q1 2026, declining 60 basis points from Q3 2025's peak, with average asking rent reaching $13.70 per square foot despite a 1.0% quarterly decline; net absorption totaled 94,000 square feet year-to-date while the development pipeline held 811,000 square feet under construction with 53% preleased. The market experienced decreased new leasing activity for the third consecutive quarter at just over 135,000 square feet, though renewal activity remained strong and positive net absorption is expected to continue supported by over 517,000 square feet of leased space in the pipeline and the 200,000 square foot Hoerbiger corporate headquarters scheduled for occupancy by year-end.
Palm Beach County's retail market vacancy rate decreased 10 basis points year-over-year to 3.8% in Q1 2026, while average asking rent jumped 6.2% to a record $38.54 per square foot, driven by strong net occupancies and influx of top-of-market priced supply. Retail investment sales surged to $477.2 million in quarterly volume—the largest since Q2 2022—with cap rates averaging 6.1%, below the national average of 7.3%, reflecting strong investor demand fueled by wealth influx and limited available space.
Palm Beach County's office market recorded a 13.5% overall vacancy rate at the end of Q1 2026, down 50 basis points quarter-over-quarter, with Downtown West Palm Beach vacancy falling 340 basis points annually to 12.7% driven by occupancies at One Flagler. Net absorption reached 128,000 square feet year-to-date despite new leasing activity declining 20% year-over-year, while overall average asking rents rose 6.3% year-over-year to $54.20 per square foot with Class A rents reaching $64.78 per square foot, the fifth highest in the nation.
Fort Lauderdale's multifamily market experienced a slowdown in Q3 2025 with asking rent growth of just 0.1% following the unsustainable surge of 2021–22, driven by a large luxury supply wave that expanded vacancy to 7.6% and increased concessions, though rents remained over 25% above early-2021 levels and 34% above the U.S. average. The market recorded 8,760 units under construction (predominantly Class A luxury), annual sales of $1.8 billion with cap rates rising to 5.6%, and strong absorption averaging over 1,000 units per quarter since late 2023, while lower-rent submarkets posted some of the strongest annual rent gains as renters shifted toward more cost-effective areas.
Fort Lauderdale's retail market in Q3 2025 exhibits tight conditions with asking rents averaging $36 per SF, vacancy at 3.9%, and annual rent growth slowed to 1.1%, supported by strong tenant demand from fitness, grocery, and entertainment users despite minimal new supply of approximately 281,000 SF under construction. Retail investment sales reached $292 million over the past year driven by grocery-anchored and neighborhood centers, with the metro's economy remaining resilient supported by a median household income of $79,795, unemployment at 3.6%, and employment 5% above pre-pandemic levels.