Affiliated Development Closes $74 Million Loan, Commences Construction Of Live Local Project ‘The Cove’
The Cove will rise on the site of a former hotel property, delivering 376 residential units in an eight-story building with structured parking.
CRE-sources’ Top 5 Most Popular Stories This Week
Read on for the most popular news headlines this past week on CRE-sources.
JLL Capital Markets Completes Sale Of, Buyer Financing For Wellington Senior Living Facility
Alamar Senior Living offers 105 assisted living and 29 memory care units that are 96% occupied.
North Miami Apartment Complex Lands Florida’s Largest-Ever HUD Loan
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.
CRE-sources’ Top 5 Most Popular Stories This Week
Read on for the most popular news headlines this past week on CRE-sources.
$111M Construction Loan Secured For Edgewater Multifamily Development
JLL represented the borrower in securing the three-year loan through S3 Capital.
Cushman & Wakefield’s Virgilio Fernandez Represents Buyer In $22M Off-Market Acquisition
At approximately $90,000 per unit, the site’s per-unit pricing is the highest ever paid for a South Miami development site.
Grover Corlew Scores $30M Financing For Deerfield Beach Office Park
The building, which dropped to a low of 62% leased during the pandemic, now stands at 97% occupied with a diversified tenant roster comprising 43 tenants in 15 distinct industries.
Aventura-Area Office Property Could Be Replaced With 376 Live Local Apartments
The property is currently improved with the Aventura Offices and Medical Center, a two-story office and medical office building totaling about 37,000 square feet.
Miami Luxury Condo Announces EB-5 Investment Opportunity
To qualify, investors must invest $800,000 in capital from a lawful source of funds into the project.