Florida People & Companies, August 15, 2025

Florida People & Companies, August 15, 2025
News| August 14, 2025| Mike Boyd
Florida & Gulf Coast + Apartment Buildings
  • Berkadia secured a $32.41 million loan on behalf of Robbins Property Associates and Hartford Investment Management Company (HIMCO) to refinance Lakeside Central Apartments, a 228-unit garden-style apartment in the Tampa suburb of Brandon, Florida. Senior Managing Director Mitch Sinberg, Managing Directors Scott Wadler and Brad Williamson, and Vice President Hugo Hernandez of Berkadia Miami and Boca Raton secured the financing. Berkadia originated the Freddie Mac-backed five-year, fixed-rate loan with a 70% loan-to-value.
  • Buligo Capital purchased Sarasota Industrial Business Center for $27.4 million. The portfolio is located 2 miles east of Sarasota Bradenton International Airport in Sarasota and includes five industrial parcels totaling over 186,650-square-feet of shallow-bay industrial space, as well as 1.12 acres of industrial outdoor storage and laydown yard. Biscayne Atlantic purchased the property in 2023 and spent more than $1.3 million making capital improvements.
  • SobelCo affiliate Aquao Holdings LLC is seeking to build a high-rise condominium in Riviera Beach. The project would be located on the 4.27-acre site at 1117 Broadway Blvd./U.S. 1. It would have 508 condo units, 10,000 square feet of retail/restaurant space and 1,083 parking spaces. The project would total 1.23 million square feet, with two 20-story towers and two 13-story towers.
  • Dave Baltar joined LQ Commercial Orlando to expand its capital markets coverage. With 30 years of experience in corporate real estate, tax management, and commercial brokerage, he’s overseen 2,000+ properties and $80 million in tax liability. As a Senior Broker Associate, he provides exclusive retail/restaurant sales representation.
  • Blue Crane, LLC is seeking a dynamic Senior Vice President of Real Estate Development to lead transformative mixed-use and multifamily projects in the Northwest Arkansas region. This executive will oversee the full development lifecycle – from concept through construction and in partnership with our operations teams and partners – while playing a central role in shaping the future of a growing and vibrant community. The ideal candidate brings 15+ years of experience in placemaking and master-planned developments, with a proven track record in multifamily and mixed-use projects. Executive search firm RETS Associates is handling the search. Inquiries and resumes can be sent to Chase Fryhover at [email protected].

Other News

One Beverly Hills Reaches Milestones Ahead of Schedule

California & West + Apartment Buildings

The development team behind One Beverly Hills (1BH) said construction on the $10-billion luxury mixed-use project is proceeding ahead of schedule. The Beverly Hilton expansion structure topped out approximately 10 weeks ahead of schedule and one of the residential towers is progressing six weeks ahead. “This was accomplished while significant operations were maintained at The...

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Metro Loft, David Werner Secure $231M Loan for Midtown East Residential Conversion

New York & Tri-State + Apartment Buildings

Northwind Group has originated a $231-million first mortgage construction loan for 675 Third Ave., a 32-story, 337,000-square-foot office building in Manhattan’s Midtown East neighborhood that is slated for conversion into residential apartments. The conversion is being led by a joint venture between Nathan Berman’s Metro Loft Management and David Werner Real Estate Investments. Loan proceeds...

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Rental Affordability Declines in Most Metros, but Improved Housing Quality is a Factor

Apartment Buildings

Rental housing affordability declined in 82% of U.S. metropolitan areas between 2014 and 2023, with renters experiencing the equivalent of an average $256 annual reduction in income after accounting for changes in housing quality. That’s according to a new report released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America. The report, Housing...

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