- Arrow Real Estate Advisors arranged $11.1 million in fixed-rate bridge financing with Wintrust Bank on behalf of IWH Capital for the off-market acquisitions of two small-bay industrial assets located at 6593 Powers Avenue and 3028 Mercury Road in Jacksonville, Florida. Arrow Real Estate Advisors’ Morris Betesh, Morris Dabbah, and Louis Halperin, arranged the financing. The transactions encompass a combined 145,448 square feet across nearly 8.7 acres. Arrow says the properties present a compelling value-add investment opportunity, with in-place rents significantly below market.
- Continuum Companies acquired Mariners Bay Condominium, located at 12000 North Bayshore Drive in North Miami. The purchase consolidates all 46 individually owned units and terminates the condominium, setting the stage for a future waterfront residential project. Continuum successfully rezoned the property to permit the new development to rise to 217 feet overlooking Biscayne Bay.
- MDH Partners recently closed the acquisition of six Class-A industrial buildings totaling 1,475,580 square feet. The $165 million deal comprises six fully leased buildings, one located in Miami and another located in Jacksonville. Houston Hawley led the acquisition for MDH. JLL represented the seller.Â
- Berkadia announced the sale of Atwood Oaks and Davis Gardens, two vintage apartment communities totaling 211 units located approximately two miles apart in Pensacola, Florida. David Etchison of Berkadia Central & North Florida and Andrea Kendrick of Berkadia St. Louis led the transaction. Tioga Capital of Atlanta, acquired the 136-unit Atwood Oaks, while OM SAI RAM SAI LLC of Cantonment, Florida purchased the 75-unit Davis Gardens.Â
The post Florida People & Companies, November 7, 2025 appeared first on Connect CRE.
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