Orlando

PEBB Enterprises and Banyan Development plan to acquire 15 acres of land for the grocery-anchored project within a master-planned community in Port St. Lucie, FL.

The multifamily developer currently has 5,500 units under construction with a focus on southeast and southwest markets.

An affiliate of Fortress Investment Group LLC has acquired the five-property, 444-unit portfolio, which recently underwent various capital improvements.

The market has "undergone tremendous change over the past few months," according to Brad Peterson of JLL.

The company has acquired 94 acres of land in St. Cloud, FL for the single-family homes development.

Capital Square intends to implement $3.5 million in improvements at the 55+ lifestyle community, which comprises 350 homesites in Lakeland, FL.

The recently renovated, 240-unit property, Highlands Viera West, was purchased by an affiliate of the ConAm Group.

Only the East Orange and South Orlando submarkets registered positive absorption.