Development Team Closes on $100M Loan for N. Florida Sr. Living Community

BLDG Real Estate and The Fellowship Family closed on $100 million in financing for the 205-unit Fellowship Wildlight in Nassau County. The Jacksonville Business Journal reports the financing team for the venture includes Peachtree Group, Florida Development Finance Corporation, Farmers & Merchants B

El-Ad Pays $45.5M for Coconut Grove Property

El-Ad National Properties acquired the property located at 3265 Virginia St., Miami, Fla., for $45.5 million. The seller was an affiliate of the Canero Group. Omar Morales of Berkadia represented the seller in the transaction. Located in Coconut Grove, the property currently consists of a two-story

Florida’s insurance overhaul is beginning to reshape the market

Litigation drops, insurers cut rates and more companies enter Florida, easing insurance costs and improving affordability and market stability.

More young buyers rely on down payment help

A growing share of younger buyers is relying on family help, gifts and assistance programs to buy homes, highlighting how affordability pressures are reshaping the path to homeownership.