NEWS & NOTABLES

KISSISSIMMEE, FL—Airbnb and Miami-based Newgard Development Group are collaborating to support home sharing in new apartment buildings that will be optimized for home sharing and flexible living. The first project, a 324-unit building in Kissimmee will be branded as “Niido Powered by Airbnb.” Residents will have the opportunity to share their units for up to 180 days per year and access a range of tools provided by Niddo, including a new app that is integrated with Airbnb and support checking in and assisting guests.

MIAMI—Bert Checa joined Transwestern as vice president, marking the expansion of the firm's office agency leasing and tenant advisory practices throughout the Southeast. Based in South Florida, Checa is part of the team led by managing director Glenn Gregory, where is responsible for evaluating, developing, and executing real estate strategies for owners, investors, and occupiers of office space. Checa hit the ground running by securing the leasing assignment for 1000 Park Centre, a 132,878-square-foot flex, warehouse, and office building at the crossroads of Florida's Turnpike and Florida State Road 826 in Miami Gardens, FL.

DEAL TRACKER

JACKSONVILLE, FL—KeyBank Real Estate Capital secured an $11.8 million Freddie Mac, first mortgage loan for Magnolia Village. The 168-unit, class A property was built in 2008 and renovated in 2015. Chris Black and Caleb Marten of Key's National Multifamily Accounts Group arranged the financing with a 10-year term, five-year interest only period and 30-year amortization schedule. The financing was used to facilitate the acquisition of the property.

CASSELBERRY, FL—Cushman & Wakefield negotiated the sale of Reflections Apartments, a 336-unit suburban multifamily community in Casselberry. Jay Ballard and Kevin Delvillar represented GoldOller Real Estate Investments in the disposition. RADCO companies acquired the multifamily asset for $36.4 million, or $108,333 per unit. The average unit is 792 square feet. The average rent was $918 at the time of sale.

FORT LAUDERDALE, FL—Cushman & Wakefield is marketing for sale The Queue Apartments, a 191-unit boutique urban core multifamily community in Downtown Fort Lauderdale. CushWake's Robert Given, Troy Ballard, Zachary Sackley, and James Quinn represent the sellers, Urban Street Development and Faxio Properties. The average unit at The Queue Apartments is 806 square feet with an average market rent of $1,930, or $2.39 per square foot. The multifamily asset was completed earlier this year.

TAMPA, FL—Duke Realty Corporation signed two leases totaling 274,085 square feet in Tampa Regional Industrial Park 13111, a 337,447-square-foot building it delivered in May. The building, which is the first of several planned buildings in Tampa Regional Industrial Park, is located at 13111 Bay Industrial Drive. Tampa Regional Industrial Park, also known by its acronym TRI, is located south of Tampa at the northeast corner of Big Bend Road and US 41, with direct access to Interstate 75 and only 12 miles south of Interstate 4. A joint venture between Siemens Corporation and Chromalloy Gas Turbine Corporation has signed a long-term lease for 210,723 square feet which will be used by Advanced Airfoil Components, a company that will support manufacturing and producing components to maximize gas turbine performance. Ralph's Transfer, a cargo and freight transportation company, has leased 63,362 square feet

HOLLYWOOD, FL—CBRE executed the sale of Port 95, a two-building, 151,389-square-foot industrial facility in Hollywood. CBRE represented the seller, Principal Real Estate Investors. The CBRE Capital Markets team of Christian Lee, vice chairman, Chris Riley, vice chairman, and José Lobón, senior vice president brokered the deal.

BOCA RATON, FL—Avison Young closed the $8.45 million sale of Meridian Center, a two-building office complex spanning 51,978 square feet on 4.35 acres at 6501 and 6531 Park of Commerce Boulevard within the Park at Broken Sound in Boca Raton. Mark M. Rubin and Keith O'Donnell facilitated the disposition on behalf of the sellers, Frank Capital LLC, Meridian Venture LLC, and RLT Capital LLC to the buyer, MTI Properties Florida LLC.

MIAMI—Marcus & Millichap Capital arranged a $14.6 million loan to refinance a portfolio of 21 net-leased properties located across four states. Robert Bhat, director in MMCC's Miami office, arranged the loan along with the portfolio's manager, Orion Real Estate Group, which helped secure the financing and manage the closing. Orion Real Estate Group is a Miami-based real estate firm that manages over $500 million in assets and has closed more than $2.5 billion in transactions.

BUILDING BLOCKS

TAMPA, FL—Federal Capital Partners provided $6.5 million in mezzanine financing to The Altman Companies for the development of Altis Grand Central, a 314-unit, eight-story luxury residential tower at 548 West Grand Central Avenue in Tampa. FCP vice president Jason Ward says, “Altis Grand Central is perfectly positioned and timed to deliver high quality rental residences within walking distance of Oxford Exchange, The University of Tampa and the exciting redevelopments in downtown Tampa. Further, we are pleased to be working alongside PNC Bank, with whom FCP has had a long and beneficial relationship.”