**Florida People & Companies – October 31, 2025**
**Industry Moves & Transactions Across the State**
– **Colliers Expands Office Brokerage Team**
Colliers has added Betsy Shafer as Associate Vice President. Shafer will focus on office tenant and landlord advisory services. She joins the firm from KW Commercial in Tampa Bay, bringing with her 18 years of experience in debt investment banking, investment strategy, and project finance.
– **Dwight Capital Closes $45.8M Refinance for Arcadia Apartments**
Dwight Capital completed a $45.8 million HUD 223(f) refinance for Arcadia, a 212-unit apartment community in Tamarac, Florida, developed by CaraCo in 2023. The financing will be used to retire existing debt, cover closing costs, and fund a reserve account for future capital needs. The transaction was originated by Josh Hoffman and Jeremy Packer on behalf of CaraCo.
– **Procopio Companies Secures Approval for Soliv at Wildwood**
The Procopio Companies received Site Plan approval for Soliv at Wildwood, a 24-acre residential community slated to break ground in early 2026. The project will feature a 178-unit, four-story residential building. Located near The Villages, the development offers convenient access to Brownwood Paddock Square.
– **Newgard Group Launches Revault in Little River**
Newgard Group, in partnership with Imperial Moto, unveiled Revault, a lifestyle concept combining luxury car storage, private club amenities, indoor Padel sports courts, and curated social spaces. The 80,000-square-foot facility in Little River will feature 16 exclusive Car Studios, a members-only Clubhouse, a five-court indoor Padel Club, a café by Imperial Moto, and event spaces for networking and community engagement.
– **Redfearn Capital Completes $33M in Portfolio Refinancing**
Redfearn Capital finalized three refinancing deals across its South Florida portfolio, totaling approximately $33 million. The assets include:
– 2900 High Ridge Road in Boynton Beach: A small-bay industrial property valued at $8.4 million.
– 440-480 Tall Pines Road, West Palm Beach: A 57,600-square-foot, 24-bay industrial park refinanced for $9.5 million with Mutual of Omaha.
– 222 Clematis Street, West Palm Beach: A $15.37 million refinance for this downtown property, following successful leasing and property enhancements.
Stay up to date with more industry insights and company updates from across Florida.
