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Despite approximately 8,200 units in the pipeline in the Jacksonville area, including half in the highly sought-after Baymeadows and Southeast markets, the multifamily vacancy rate is expected to remain below 5% through 2019.
Slated to break ground in the summer of 2020, PMG’s first Wynwood project will feature more than 220 apartments, a hotel component, a rooftop bar and restaurant, and more than 35,000 square feet of retail.
"We are excited to announce our second QOZ fund, also specifically investing in MHCs located within Opportunity Zones. Our second QOF (Qualified Opportunity Fund) is a $15-million equity raise and is about 70% subscribed,” Hales says.
The shopping center located at 4877 Highway 90, approximately 30 miles outside of Pensacola, is currently 100% leased and anchored by three major tenants including Dick’s Sporting Goods, Michael’s and Ulta Beauty.
The firm’s subsidiary Bridge Office Fund Manager has purchased the Offices at Flagler Station, a three-building complex totaling 387,474 square feet along Florida’s Turnpike, and the Offices at Doral Square, an eight-story, 141,205-square-foot building, in Doral.
Developer Moishe Mana is the biggest property owner in downtown Miami, where he wants to open the 'Silicon Valley of Latin America'. It's more than a real estate project, he says. It's a vision for a way of life. Mana sat down with the Daily Business Review to talk about his plan. Watch the video here.
Among the new transactions was the new lease with Hazen and Sawyer, D.P.C., for 8,635 square feet, as well as a renewal and expansion for Barbara J. Prasse, P.A. for 2,416 square feet and a renewal with American Mortgage Services for 2,236 square feet.
The deal, reported by Cushman & Wakefield, will allow Marble of the World, a division of The Stone Collection, LLC, to have the new Broward County facility join the firm’s American Society of Interior Designers award-winning showrooms in Arizona, Texas, Utah and Florida.