Orlando

Northmarq SVP Ryan Whitaker with the firm’s Jacksonville office arranged the financing transaction for the borrower through its relationship with FHA/HUD. The permanent 223 (f) loan has a 35-year term and a 35-year amortization schedule.

The shopping center located at 4877 Highway 90, approximately 30 miles outside of Pensacola, is currently 100% leased and anchored by three major tenants including Dick’s Sporting Goods, Michael’s and Ulta Beauty.

In a preview story for the upcoming CREW Network Convention, one speaker we talked to about artificial intelligence says the industry is now seeing the better ideas take shape and evolve to meet demands, but there are some challenges to overcome in adopting AI.

Among the new transactions was the new lease with Hazen and Sawyer, D.P.C., for 8,635 square feet, as well as a renewal and expansion for Barbara J. Prasse, P.A. for 2,416 square feet and a renewal with American Mortgage Services for 2,236 square feet.

The deal, reported by Cushman & Wakefield, will allow Marble of the World, a division of The Stone Collection, LLC, to have the new Broward County facility join the firm’s American Society of Interior Designers award-winning showrooms in Arizona, Texas, Utah and Florida.

Together, Hurwitz and Okun have represented a portfolio of approximately 2.5 million square feet of office space throughout South Florida.

Taurus Investment Holdings has acquired the Mezzo at Tampa Palms in the exclusive Tampa Palms community from Preston-Giuliano Capital Partners in a deal that calculated out to $173,529 per unit.

Apartment fundamentals in the Jacksonville MSA are solid. According to CBRE Econometric Advisors, employment gains in the market have been steady over the past few years and should continue to have a positive effect on the apartment market.