Alpha Capital Partners of Bridgeville, PA reports that its Opportunity Zone fund has purchased 1501 Herman St. and is planning to develop a 300-unit multifamily project there, according to Jide Famuagun, CEO of Alpha Capital.

The deal follows another major financing transaction secured for a McWhinney project. Last week, Berkadia announced it closed $170 million in financing for McWhinney's Great Wolf Lodge in Garden Grove, CA.

Phase two will involve the remaining 1.25 million square feet of planned new mixed-use development, including office, residential, hotel, marina, and retail space, as well as parks and public places, across a half mile of redeveloped waterfront.

The deal for the garden apartment property at 2203 Plaster Road NE marks FCP's seventh investment in Atlanta.

FIU reports that South Florida's first university-affiliated conference center and hotel is expected to open by the fall of 2021.

CBRE states that the sale price equated to the third highest sale price per unit secured for a 1960-1979 vintage asset in Hillsborough County.

The three projects would create more than 3,000 construction jobs and more than 500 full- and part-time jobs in the City of White Plains.

At year-end 2018, the Miami-Dade industrial real estate market saw net absorption of 1.3 million square feet for the year and a 4.5% overall vacancy rate.