Recent activity across Florida continues to reflect a diverse mix of capital markets, leasing and development moves, alongside key personnel changes in the advisory space.
In Miami, Michael Fasano has joined Avison Young as a Senior Vice President focused on structuring and placing debt, preferred equity and joint-venture equity solutions. His role will cover multiple asset classes nationwide with a primary focus on Florida. Fasano brings more than a decade of experience in both direct lending and brokerage, and has been involved in over $2 billion in gross transaction volume across a range of capital stacks and execution strategies. He most recently served as Director of Debt & Structured Finance at RIPCO Real Estate.
In downtown Fort Lauderdale, CBRE has been tapped by AGS Properties Corporation to handle leasing at Broward Financial Centre, a 325,486-square-foot Class A office tower. The assignment comes on the heels of a series of major renovations intended to align the property with current workplace requirements. CBRE professionals John Criddle, Joe Freitas and Max Pawk will act as the exclusive leasing agents for the building, which is positioned as a premier office option in the city’s core business district.
Investment capital is also trading in Miami-Dade County, where Acevedo Investments acquired the Regency Club Apartments in Hialeah for around $21 million. The 69,910-square-foot apartment complex, located at 1350 W. 46th St., was sold by Royal Income Properties Inc. As part of the transaction, the buyer obtained a $10.625 million mortgage from City National Bank of Florida. The property last changed hands in 2002, when it sold for around $4.1 million, marking a substantial increase in value over more than two decades.
On the development front, The NRP Group is preparing to launch its ninth apartment community in South Hillsborough County. The planned four-story, 100-unit project will rise at 874 Cortaro Drive in Sun City Center. The community is slated to feature a mix of one-, two- and three-bedroom apartments, with nearly half of the units designed as two-bedroom layouts. Planned resident amenities include a pool and a clubhouse, underscoring the continued emphasis on lifestyle features in new multifamily product.
Together, these updates highlight an active Florida landscape ranging from capital formation and advisory hires to office leasing mandates and multifamily investment and development, offering a cross-section of how capital is being deployed and assets are being positioned across the state.
