Orlando

The firm has hired two industry veterans to facilitate industrial and office investment sale and capital transactions from Atlanta, GA and Orlando, FL.

Orlando hit 7.3 million square feet leased in 2020, which was the most on record for a calendar year.

Walker & Dunlop structured the two bridge loans for the acquisitions of two office towers in Jacksonville, FL and Columbus, OH.

The portfolio comprises five class B, residential properties, which are 96% occupied and located throughout three suburban markets.

The Tampa market has fared well through the pandemic, but at the end of the year, the market saw some softening in office leasing activity.

A fund managed by DRA Advisors has brought the Pinnacle Corporate Park to market on the heels of Starwood Capital Group's sale of Crossroads Business Park.

Industrial users are opting to move up into new quality industrial space, creating a dynamic of rising vacancy and rising rents.

The vacancy rate has climbed to 9.4% in the market and the sublease supply has increased to three or four times the pre-pandemic norm as tenants shed office space.