National
Equus Rides into Winter Springs, Takes Waterfront Property
The Shadow Creek in Winter Springs is… Well it is no longer Shadow Creeks, to begin with.
DoubleTree Near SeaWorld Gets New Owners
A joint venture just grabbed a prime I-Drive hotel, following their first mutual hospitality acquisition in Dallas. DoubleTree by Hilton Orlando at Sea World is, as its name suggests, directly adjacent to SeaWorld in an area known for its myriad of tourists’ attractions, theme parks, restaurants, retail options and of course the recently opened Orlando Eye. The International Drive area is home to the Orange County Convention Center complex.
Why Distribution Centers are Booming in Central Fla.
Central Florida seems to be a progressive warehouse market lately and the trend will keep going for a while by every indication.
Brookhaven Community Picked Up by Florida-Based Management Firm
Legacy Century Center, the former Windmont apartments changed hands recently, Transwestern announced.
New Owner to Speed Things up at Already Advancing Property
A joint venture just closed on a promisingly recovering portfolio and it is ready to add a stimulant to the mix. The four buildings of Embassy Row in the city’s Central Perimeter submarket were picked up by Fairlead Commercial Real Estate and Bridge Investment Group Partners, and the team has no plans to rest on its laurels.
Atlantans Exchange SoCar Apartment Community
Atlanta-based Wilkinson Group is expanding it South Carolina holdings, having purchased its fifth property in the Palmetto State.
MC Companies Closes on 1,500-Plus Units of Mostly Subsized Housing
MC Companies has recently purchased an 8-property multifamily portfolio in Tucson through its Tucson 8 Opportunity Fund, the group announced in a press release. The acquisition included a total of 1,576 units. According to Real Estate Daily News, Berkadia Commercial Mortgage financed the sale with 25% down payment from MC Companies. The financier’s local investment sales and real estate brokerage arm, Berkadia Real Estate Advisors of Tucson represented the buyer as well as the seller – Family Housing Resources, Inc., an HUD Approved Housing Counseling Agency – in the negotiations.
Value-Added Apartment Portfolio Sold in North Miami Beach
Three apartment communities in the North Miami Beach area changed hands recently, the seller Faith Investment Properties Group, announced. Grand Island Place I, Grand Island Place II, and Aventura Brentwood Apartments include 310 units and were sold for the total of $28 million.
Hunt Provides Fannie Mae Loan to Refinance Manufactured Housing Community
Hunt Mortgage Group, a commercial real estate lender has provided a $4.5 million Fannie Mae loan facility to refinance the Terra Vista Manufactured Housing Community, the company announced. The loan was provided to borrower AFK Real Estate Investments, a Delaware limited liability company backed by Angus Keith. It has a 10-year term with 5-years interest only, amortizing over a 30-year period with a 9.5 year yield maintenance period. Florida-based manufactured housing expert Brian Mills brokered the transaction to Hunt.
Buckhead Exchange Redevelopment to Start Soon
A large-scale redevelopment project will transform the Buckhead Exchange shopping center– FCA Partners has recently announced its plans. The Charlotte, NC-based employee-owned real estate investment management company acquired the 48,500 square foot retail center in 2013 for $15.2 million from Principal Financial.