Miami

The merger will allow Synovus to increase its presence in high-growth Florida markets, including Pensacola, Tampa, Jacksonville, Orlando, Sarasota, and Naples.

For-sale inventory in June remained tight, at a 3.9-months' supply for single-family homes and 5.5-months' supply for townhouse-condo properties, according to Florida Realtors.

The Tampa-based firm says it plans to undertake approximately $3.5 million in capital improvements at the complex at 812 S. Park Road. The property that at the time of closing was 97% occupied.

NP International, which acquired the 4.3-acre site in November 2016 from Berkowitz Development for $60.25 million, has hired UK-headquartered Balfour Betty to build the transit-oriented project that is scheduled for delivery in the fourth quarter of 2020 and is designed to achieve LEED-certified Silver designation.

The SVAP III fund intends to primarily target grocery-anchored shopping centers, street retail, power centers and mixed-use properties in major markets across the United States.

The Coastal Ridge/H. Katz joint venture has purchased more than $1 billion in properties since its inception in November 2014.

The 79,719-square-foot four story office building at 7901 SW 6th Court in Plantation was sold by TA Associates Realty to Miami-based the Green Companies.

Renters in the region absorbed approximately 9,155 units so far this year, which was roughly three times the number of units absorbed during the first half of 2017 and which far outpaced the 6,336 apartment deliveries year-to-date.