Miami

The two non-core hotels located in small markets have a combined RevPAR of $65 and did not match the overall quality of the hotelier's portfolio.

The primary submarket for this 18-hour city trend in Jacksonville is the downtown area, but it has been slow to develop. However, other urban core and inner suburban submarkets are picking up the slack with numerous multifamily developments.

Shorenstein Properties buys the 2 MiamiCentral and 3 MiamiCentral downtown office towers.

A Centennial Bank duo issued a $9.6 million loan for the renovations of the former Greenbrier Hotel that will open this summer as the Palihouse Miami Beach.

A 17-year veteran of the commercial real estate industry, Lies joined Gazit Horizons at its inception in 2017, most recently serving as senior vice president.

The first class of students graduated from the program on May 9, as part of the inaugural cohort of "Propel by Prologis." Prologis plans to continue CWI programming in Chicago later this year, the company reports.

An affordable housing plan was scrapped in favor of a $31 million trust fund designated for housing, education and revitalization projects.

A Delray Beach commercial mortgage brokerage secured the loan for the property owner.