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HFF Lands Financing for Upscale Winter Garden Project

HFF Lands Financing for Upscale Winter Garden Project

By Balazs Szekely, Associate Editor HFF has arranged financing for the Windermere Cay multifamily property in Winter Garden. The company secured the $41 million, 10-year fixed-rate loan through New York Life Real Estate Investors on behalf of the borrower, Six Pines Realty, L.L.C. The HFF team was led by managing…

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DeBartolo Gets Nice Price for Downtown Asset

DeBartolo Gets Nice Price for Downtown Asset

The Gallery at Mills Park, a 310-unit Class AA multifamily infill asset located in Downtown Orlando changed hands recently, JLL Capital Markets announced. An institutional investor of undisclosed identity purchased the property for $66.5 million. The sales price translates to approximately $215,000 per unit.…

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Wood Partners Starts 12th Central Florida Project

Wood Partners Starts 12th Central Florida Project

Alta Eastmar Commons, a 312-unit multifamily community is underway, the developer, Wood Partners announced recently. The $41.9 million development breaks ground in late April at 159 Dean Road, Orlando. To date, the developer has built around 3,000 units in the area since 2001 and this will be the 12th Wood…

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Royal Oak Launches Phase 2 Home Sales in Groveland

Royal Oak Launches Phase 2 Home Sales in Groveland

The second phase in Eagle Point, a luxury community planned in Groveland, FL, has started selling recently. The developer, Royal Oak Homes is a family-owned home builder, the successor of Cambridge Homes which has built more than 14,000 homes in Central Florida over the past 30 years. Founded in…

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Carter-Haston Takes Port Orange M-F Asset

Carter-Haston Takes Port Orange M-F Asset

A new, 306-unit luxury neighborhood located in Port Orange changed hands recently, CBRE Capital Markets announced.…

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Brian Kelley: Investcorp’s Acquisition Strategy

Brian Kelley: Investcorp’s Acquisition Strategy

Investcorp, a Bahrain-listed alternative investment fund, has recently expanded its U.S. residential portfolio with the acquisition of four properties in the metropolitan areas of Washington, D.C., Orlando, San Diego and Baltimore. The purchase price was approximately $300 million.…

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Waterton Associates Picks up Baldwin Park-Area Community

Waterton Associates Picks up Baldwin Park-Area Community

The 212-unit Promenade Crossing garden-style apartment community changed hands recently, Waterton Associates, LLC announced. The acquisition marks the sixth addition to the Chicago-based real estate investor and operator’s Florida portfolio and it is their second property acquired this year.…

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Cardinal Point Buys Orlando Asset

Cardinal Point Buys Orlando Asset

A 42,277-square-foot Class A office property located at 7208 W. Sand Lake Road in Orlando was recently acquired by Cardinal Point Management, LLC, a Tampa Bay investment and property management firm. CBRE’s Ronald J. Rogg and Edward Wooten arranged the sale of the three-story building and represented the seller, a…

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TODAY’S DEALS: Chicago Tower Sales Breaks $100M Mark

TODAY’S DEALS: Chicago Tower Sales Breaks $100M Mark

Planned Property Management grabs a Chicago tower; HFF arranges Orlando acquisition financing for a newly built luxury asset; and Hunt Mortgage finances an acquisition with a $4.8 million loan. …

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Minto Moves Forward on Luxury Development

Minto Moves Forward on Luxury Development

Construction is progressing on Festival, Minto Communities’ latest residential development in the Champions Gate area in Orlando. Five luxury vacation villa models are scheduled for completion in early April 2015. Founded in 1955, Minto is a Canada-based family-owned business with more than 70,000 homes built including more than 20,000 in…

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CBRE Tapped to Lease Lake Mary Portfolio

CBRE Tapped to Lease Lake Mary Portfolio

By Balazs Szekely, Associate Editor Banyan Street Capital and Oaktree Capital Management L.P. have put CBRE Group Inc. in charge of leasing at Primera Towers I, II and IV, a three-building Class A office portfolio in Lake Mary. Located at Crescent Executive Court and Primera Boulevard, the recently renovated properties…

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Hilton Picks Up 2 Neighbors, 1,500 Keys

Hilton Picks Up 2 Neighbors, 1,500 Keys

Hilton Worldwide has recently announced the acquisition of two Orlando facilities, the Waldorf Astoria Orlando and Hilton Orlando Bonnet Creek. The seller was a consortium including affiliates of GEM Realty Capital, Farallon Capital Management and Blackstone. The parties signed a transaction agreement in mid-February, a week before the actual acquisition…

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