A new fixed-base operator (FBO) has been granted a lease at the Orlando Executive Airport. Sky Harbour Group will invest $40 million as part of a multi-year program. It will be the airport’s third FBO. A fixed base operator is granted the right by an airport authority...
Mast Secures $65M for Ft. Myers Rental Community – Connect CRE
Mast Capital, in partnership with private equity group BLG Capital Advisors, has secured financing and broken ground on an upscale residential rental community in Fort Myers. The firm, which acquired the site totaling 14.5 acres of land in 2022, has secured $65...
RH shares pop on Q4 earnings as the company expects accelerated demand
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailAnthony Chukumba, Loop Capital Markets senior research analyst, joins 'Closing Bell: Overtime' to discuss RH earnings report as shares pop on Q4 results. ...
Boca’s Beach Club Slated for $100M Makeover – Connect CRE
The Boca Raton, a resort and private club that opened in 1926, says it will start on a $100 million renovation of the Beach Club hotel. When Beach Club is unveiled in December 2024, guests and club members will discover an entirely redesigned arrival, new restaurants,...
Berkadia Secures $172M Loan for Miami Highrise Condos – Connect CRE
Berkadia arranged construction financing for ONE Park Tower by Turnberry, Turnberry’s 292-unit condominium tower in the heart of the SoLé Mia master development in North Miami. Scott Wadler led a Berkadia team that secured a $172 million loan from Bank OZK on behalf...
Mortgage demand stalls, even as interest rates moderate
A 'For Sale' sign is posted on the lawn in front of a home on March 15, 2024, in Miami, Florida. Joe Raedle | Getty ImagesThe usually busy spring housing market is underway, but mortgage demand isn't moving. Application volume was essentially flat last week, dropping...
Feds seek seizure of two New York apartments worth $14 million tied to former Mongolia leader in alleged mining scheme
Batbold Sukhbaatar of Mongolia addresses the Millennium Development Goals Summit at the United Nations headquarters in New York, September 22, 2010.Emmanuel Dunand | AFP | Getty ImagesFederal prosecutors on Tuesday sued to seize two New York City apartments worth $14...
700K SF Business Park Slated for Apopka – Connect CRE
Standard Real Estate Investments is making an equity investment in the Apopka Business Center via its $150 million investment vehicle. Located at 444 Hermit Smith Rd. on a 79-acre industrial site, in the Apopka submarket of Orlando, the project will be developed by...
Ocoee Greenlights Cambria Hotel – Connect CRE
When it comes to hotels, the Covid hangover is behind us. The new hotel market is booming. The U.S. construction pipeline for new hotels hit record project counts in the fourth quarter of 2023, according to a Lodging Econometrics report. The Orlando Business Journal...
Vacation home co-ownership platform Pacaso expands to lower-priced listings
Luxury vacation home co-ownership platform Pacaso is attempting to appeal to the masses, as it grows its business during a pricey and competitive phase of the housing market.The company, which launched in 2020 with multimillion-dollar homes listed for co-ownership, is...