**Florida People & Companies – August 15, 2025**
**Berkadia Secures $32.41M Refinance Loan for Tampa Suburb Apartments**
Berkadia has arranged a $32.41 million loan on behalf of Robbins Property Associates and Hartford Investment Management Company (HIMCO) to refinance Lakeside Central Apartments, a 228-unit garden-style complex located in Brandon, a suburb of Tampa, Florida. The financing team included Senior Managing Director Mitch Sinberg, Managing Directors Scott Wadler and Brad Williamson, and Vice President Hugo Hernandez from Berkadia’s Miami and Boca Raton offices. The Freddie Mac-backed loan is a five-year, fixed-rate debt with a 70% loan-to-value ratio.
**Buligo Capital Acquires Sarasota Industrial Portfolio for $27.4M**
Buligo Capital has acquired the Sarasota Industrial Business Center for $27.4 million. The portfolio, located just two miles east of Sarasota Bradenton International Airport, consists of five shallow-bay industrial parcels totaling over 186,650 square feet, along with 1.12 acres of outdoor storage and laydown yard. Biscayne Atlantic had purchased the property in 2023 and invested more than $1.3 million in capital improvements.
**SobelCo Plans High-Rise Condo Development in Riviera Beach**
Aquao Holdings LLC, an affiliate of SobelCo, has submitted plans to develop a high-rise condominium in Riviera Beach. Proposed for a 4.27-acre site at 1117 Broadway Boulevard/U.S. 1, the project features 508 condo units, 10,000 square feet of retail and restaurant space, and 1,083 parking spaces. The planned development spans approximately 1.23 million square feet and includes four towers — two rising 20 stories and two at 13 stories.
**Dave Baltar Joins LQ Commercial Orlando**
Veteran real estate professional Dave Baltar has joined LQ Commercial Orlando to bolster its capital markets capabilities. Baltar brings 30 years of experience in corporate real estate, tax management, and commercial brokerage. Over his career, he has managed more than 2,000 properties and overseen $80 million in tax liability. In his new role as Senior Broker Associate, he will specialize in retail and restaurant sales representation.
