Southeast

Avison Young will use some of the proceeds to buy out its current private equity partner Parallel49 Equity.

Dr. Jerry Parrish, Florida Chamber Foundation chief economist, who forecasted earlier this year that Florida would reach the new $1-trillion economy threshold sometime in 2018, says the milestone was achieved last week. He notes that Florida is adding $2.74 billion each day to the state's GDP.

The 382-unit apartment high-rise is under contract for $170 million, or $445,026 per unit, according to a source.

GlobeSt.com spoke with Real Estate Roundtable CEO Jeffrey DeBoer and Roundtable SVP and Counsel Ryan McCormick to get a better understanding of how this program will work.

The construction financing includes a $32.8 million senior loan provided by Ameris Bank and $5 million in preferred equity investment from RSE Capital Partners.

The Winter Park, FL project named Watercrest Winter Park will be developed by Vero Beach, FL-based Watercrest Senior Living and Titan Development Real Estate Fund 1.

The first step is to be prepared with information.

The sale transaction for the 93.3%-leased shopping center was announced by brokerage firm HFF, which marketed the property on behalf of the seller, Retail Value Inc, which earlier this month spun off of Beechwood, OH-based DDR Corp.