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CRE-sources’ Top 5 Most Popular Stories This Week
Here are the most popular news headlines this past week on CRE-sources.

Berger Commercial Realty’s Steve Hyatt Negotiates $7.2 Million Sale Of Fort Lauderdale Development Site
“This sale continues the trend of the purchase of land or buildings on Federal Highway and Sunrise Boulevard for redevelopment spreading north from downtown and The Flagler Village area,” commented Hyatt.

Bridge Industrial Acquires Prime 22-Acre Development Site At Port Everglades
Bridge will transform the site into Bridge Point Port Everglades, a modern new 170,892-square-foot logistics facility that will cater to today’s logistics users. Bridge plans to deliver the building in early 2024.
Other Industry News
Oak Row Equities Acquires Prime Downtown Site Across From MiamiCentral Brightline Station For $38.5 Million
Oak Row Equities purchased the $38.5 million site off-market.
JLL’s Hotels & Hospitality Group Arranges $575M Financing For The Diplomat Beach Resort
JLL was also involved in the 2023 sale of the resort to Trinity and funds advised by UBS Asset Management, which represented the third largest single-asset hotel sale ever in the U.S. at the time.
$668 Million Financing For Miami’s First Supertall Tower Marks Largest Residential Condo Construction Loan In Florida’s History
The property is currently over 90 percent sold.
$52.3M In Construction Financing Arranged Boynton Industrial Development
The project will consist of a Class A, two-building, variable-depth multi-tenant industrial development totaling 457,110 square feet situated on 30.78 acres.
Blanca Commercial Real Estate, MSP Group Announce Sale Of Former Intermex Headquarters
BEC Realty Trust, led by Frank Espinosa, paid $9,200,000, the full asking price, marking a twenty-five percent increase in value.
Food Network Star To Open New Fort Lauderdale Restaurant
The 50-seat restaurant with outdoor seating at Gateway Shopping District will feature the cuisine that Guy Fieri lauded as “the best Greek food” he’s ever tasted in a 2023 “Diners, Drive-Ins and Dives” episode.
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