- National multifamily developer Wood Partners announced today the start of construction on The Edgewater, a 328-unit, Class-A multifamily development overlooking Lake Fairview in Orlando, Florida. Wood Partners closed on the property in August. The community is part of the company’s attainable housing initiative, offering upscale living at cost-effective rates.
- Cushman & Wakefield announced that Roberto Pesant has joined the firm as Executive Managing Director, based in Miami. Pesant will focus on multifamily investment sales and multifamily land transactions in South Florida. He has more than 20 years of experience in Florida commercial real estate and has closed multifamily transactions exceeding $6 billion.
- Madison Capital Group, a Miami-based commercial real estate advisory and investment ?rm, acted as exclusive advisor representing Muir?eld Development in arranging a co-development venture to build an $85 million, 332-unit multifamily project in Altamonte Springs, Florida. Plans call for four-story buildings with surface parking, delivering 332 apartment units.
- Berkadia arranged acquisition financing for Bayshore Investment Partners LLC (BIP) to acquire Laurel Lakes, a brand-new, build-to-rent (BTR) community consisting of 68 townhomes in Seffner, Florida. Brad Williamson, along with Mitch Sinberg, Scott Wadler, Matthew Robbins, and Kyle Ryan of Berkadia Miami, secured $11.83 million in financing on behalf of BIP. Fannie Mae provided a five-year loan with a full-term interest-only amortization schedule at a fixed rate of 5.1 percent. DR Horton was the seller.
- Transwestern’s new Southeast Regional Leader is Nathan Knowles. He joined the firm from Colliers. Nathan will oversee Transwestern’s major Southeast markets of Atlanta and South Florida, while seeking immediate growth opportunities in Nashville, Central Florida and the Carolinas.
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