3+ day, 17+ hour ago   (730+ words) Developer Jay Roberts is making a splash in South Florida. The CEO of Miami-based Prosper Group recently closed on a $50 million site along the Miami River in the city’s Brickell district. The 1-acre site includes 66 Southwest Sixth Street and 625 Southwest…...

3+ day, 22+ hour ago   (130+ words) Kolter Urban and BH Group have secured $197 million in construction financing to build Olana Naples Residences, an estate-style condominium residence in Naples, Fla., along Florida’s Gulf Coast, Commercial Observer can first report. Apollo Global Management and BDT & MSD Partners provided…...

1+ week, 3+ day ago   (817+ words) Northmarq’s Anthony Cohen is six years into his commercial real estate career and already holds top roles at a firm noted for its leasing, sales and debt acumen. Cohen, 34, is a managing director in Northmarq’s Los Angeles commercial investment sales…...

1+ week, 3+ day ago   (311+ words) Rockpoint and Newbond Holdings have paid $47.1 million for an oceanfront resort in Fort Lauderdale, Fla., property records show. Called Hotel Maren Fort Lauderdale Beach, the property features 141 rooms at 525 South Fort Lauderdale Beach Boulevard, adjacent to Seebreeze Boulevard, south of…...

1+ week, 5+ day ago   (387+ words) Prospect Ridge has closed its second commercial real estate credit fund with $800 million in capital commitments, the firm announced The Prospect Ridge Real Estate Debt Fund II, which has roughly $3 billions of total lending capacity, will execute first-mortgage loans, mezzanine…...

1+ week, 5+ day ago   (225+ words) The continued strength of Commercial Property Assessed Clean Energy (C-PACE) debt as a construction financing tool has made a big splash in South Florida. Miami developer Shoma Group has landed a $172.5 million C-PACE loan from Nuveen Green Capital to develop…...

1+ week, 5+ day ago   (305+ words) A joint venture between Mast Capital and Rockpoint has sealed a $44 million loan to refinance a newly completed garden-style apartment community in a suburb north of Tampa, Fla., Commercial Observer has learned. Walton Street Capital supplied the three-year, floating-rate loan…...

1+ week, 6+ day ago   (281+ words) Development and investment firm Gatsby Florida has secured a $118.6 million loan from Cirrus Real Estate Partners to build a speculative luxury office complex in Palm Beach Gardens, Fla., Commercial Observer has learned. Called The Palm, the eight-story development will feature…...

2+ week, 2+ hour ago   (307+ words) Adi Chugh’s Tyko Capital has docked money in West Palm Beach waters for Integra Investment’s new marina project. The firm provided a $322 million acquisition and construction loan to Integra for Safe Harbor Rybovich, a 15-acre marina at 4200 North Flagler Drive…...

2+ week, 6+ day ago   (221+ words) Banyan Street Capital and Independencia Asset Management have nabbed $53.5 million to refinance an office complex in Doral, Fla. Wells Fargo provided the financing that backs the 290,000-square-foot Doral Center property. The 10.8-acre campus includes two buildings — one rising six stories…...