"The sales became a social welfare cause as all involved recognized that the facilities are a critical component of Miami Dade County's healthcare network for the underserved elderly and disabled."

The landmark 275-room hotel is located in the heart of Miami Beach's art deco district.

Ayers is an office specialist with more than 25 years of experience in Tampa Bay.

The company has several deals in the pipeline set to close in Q1 alone.

Herr Valuation Advisors is known for its expertise in appraisals of various commercial property types in west-central Florida and elsewhere across the state.

The REIT recently acquired a five-building portfolio for $34.7 million.

Florida has a history of boom-bust real estate markets but excellent market fundamentals coupled with realistic underwriting and financing analysis will keep the market in equilibrium, according to C&W's Calum Weaver.

Increasing higher paying white-collar jobs are providing essential support to the region's most expensive apartment markets, Berkadia says.