Southeast

Late last month, Bridge Development Partners acquired the 304,428-square-foot complex from Sherm Realty Corp., an affiliate of Weston, FL-based Apotex Corp. for $38 million.

Brass Enterprises acquired the recently developed 348-unit community in January from The Allen Morris Company of Coral Gables, FL in a deal valued at $107.6 million.

“With the completion of the TPG Real Estate Partners III fundraise, we are well-capitalized to execute our distinctive investment strategy and continue building a differentiated investment portfolio,” says Kelvin Davis, founder and co-head of TPG Real Estate.

CCMP Capital Advisors is the buyer of BGIS, a global provider of facilities management services.

Up until now, Asia Capital Real Estate has secured much of its financing from family offices.

Some of the major developments underway at the project include the 85% sold Paramount Miami condominium tower, which is on-track for completion in May 2019.

Last October, the partnership of Vanderbilt Office Properties and Barron Collier acquired Sawgrass Pointe II, a 95,800 square-foot office building, also located within the Sawgrass International Corporate Park.

The developers received the construction financing from Naftali Credit Partners to build a 74-unit luxury residential project in Forest Hills, Queens.