Miami

Jefferson Lighthouse Place, built in 2015, is currently 94% occupied. HGI reports it plans to spend an additional $850,000 on capital improvements at the property located at 4411 North Federal Highway.

Key International and Ingtegra acquired the 3.2-acre property at 725 S. Ocean Blvd. last summer from an affiliate of Blackstone. The Key International executive says he hopes to begin construction on the $85-million, four-story project by the end of 2019.

The financing provided by Rialto Capital Management will help pay for tenant allowances and landlord work associated with newly signed restaurant leases, along with the costs of leasing remaining vacancy at its Wynwood properties.

Gov. Scott said the FDOT has issued a Request for Proposals for those interested in leasing FDOT and Central Florida Expressway Authority owned right of way to establish a privately-funded high-speed rail service between Orlando and Tampa.

Berkadia officials note the greater population of Gainesville is forecast to grow 4.6% by 2022, reaching almost 300,000 residents, and point out that approximately 35% of metro Gainesville's residents are in the prime renter age group of 18-35 years old.

Our team just returned from ICSC in Las Vegas and by initial numbers, we are being told it was the busiest Las Vegas convention since 2001, which means we are back to pre-recession activity levels.

With its purchase, Brookfield adds to its hospitality portfolio in South Florida. Brookfield affiliate Thayer Lodging Group acquired the 1,000-room beachfront convention center hotel the Diplomat Resort & Spa in Hollywood, FL in 2014.

The statewide median sales price for single-family existing homes was $255,000, an increase of 6.7% from the previous year, according to data from Florida Realtors