CUSHMAN & WAKEFIELD / FLORIDA CAPITAL MARKETS GROUP FLORIDA MARKET INSIGHT NOVEMBER 9, 2019 BI-MONTHLY MONITOR The Florida region features a dynamic multifamily landscape and fast-moving economy. The Cushman & Wakefield Research Team is pleased to curate the most relevant news articles twice a month in order to help our clients keep abreast of key movements in their markets. SOUTH FLORIDA TAMPA • Miami developer planning 250-300 rental units • Hard Rock Hotel & Casino reveals $700M plans • Fort Lauderdale affordable housing snags $27M loan • USF innovation effort pumps $582M/year to economy • Deerfield Beach office buildings sell for $28M • Investcorp purchases 2,876-unit portfolio • SOLD: 318-unit Class A property ($69M) • Industrial land sells for $24M near Opa-locka • Tourism adds $6.6B to Hillsborough Economy • OKO secures $243M loan for Edgewater tower • 55+ housing market confidence at all time high • FCP buys three Palm Beach County apartment deals ORLANDO • Altman closes on Miramar development site ($35M) • SOLD: 278-unit Winter Park community • Developer planning 302 apartments in Dania Beach • SOLD: 50,000 square foot retail center ($20.5M) • SOLD: Tamarac apartment complex ($47M) • SOLD: 208-unit Kissimmee property ($25M) • Brickell office tower sold to Aimco • UniCorp lands $21M loan for retail project • Miami’s 4th tallest tower reaches completion • Luxury community coming to MetroWest • Brightline to open station at PortMiami in 2020 • AdventHealth Kissimmee plans $84M expansion • Phase one of Miami River Walk topped off JACKSONVILLE • Vertical construction begins at CitizenM • SOLD: 120-unit garden community ($10.9M) • New Miami office building gets $30M loan • Strong interest in The Ford on Bay • Coral Gables co-working development scores loan • JEA will move forward with Downtown HQ • Western Miami-Dade shopping center sells for $13M • 750 jobs being adding to Riverside Avenue tower • Dania Beach hotel sells for $28M • JAXPORT to Receive $20M Federal Grant 515 East Las Olas Boulevard, Suite 900 Miami-Fort Lauderdale, Florida 33301 TRANSACTION LEADERS TEAM LEADER ROBERT GIVEN Jacksonville VICE CHAIRMAN SOUTH FLORIDA CENTRAL/NORTH FL ZACHARY SACKLEY NICHOLAS MEOLI EXECUTIVE MANAGING DIRECTOR EXECUTIVE DIRECTOR TROY BALLARD MICHAEL DONALDSON EXECUTIVE MANAGING DIRECTOR EXECUTIVE DIRECTOR Tampa NEAL VICTOR Orlando DIRECTOR DEBT ROBERT KAPLAN ERROL BLUMER EXECUTIVE MANAGING DIRECTOR LAND SERVICES CHRIS LENTZ SENIOR DIRECTOR TAMPA LUIS ELORZA MARK RUTHERFORD West Palm EXECUTIVE DIRECTOR SENIOR FINANCIAL ANALYST Beach BRAD CAPAS Fort EXECUTIVE DIRECTOR PRIVATE CAPITAL Naples Lauderdale CALUM WEAVER Miami ORLANDO EXECUTIVE MANAGING DIRECTOR MARKET FOCUS JACKSONVILLE • TAMPA • ORLANDO JAY BALLARD FORT MYERS • NAPLES • TREASURE COAST EXECUTIVE DIRECTOR WEST PALM BEACH • FORT LAUDERDALE STUDENT HOUSING MIAMI • FLORIDA KEYS KENNETH DELVILLAR TRAVIS PRINCE EXECUTIVE DIRECTOR EXECUTIVE MANAGING DIRECTOR Florida Keys.