Miami

The property at 225 Indian Creek in the heart of Mid-Miami Beach was sold by SMS Lodging, which is owned and managed by the Arnoldsson family, and R^2 Companies.

Denholtz Properties, which has a portfolio of office, industrial and retail space in New Jersey, Pennsylvania and Florida, also announced the sale of a parcel of land adjacent to its 1000 N. Ashley Avenue office building in Downtown Tampa to Mill Creek of Boca Raton, FL.

The purchase of the 29-story office tower follows Bridge Investment's purchase of the Offices at Flagler Station and the Offices at Doral Square.

"The demand for retail investments in Jacksonville is very strong," says JLL's Brad Peterson.

ArborCrowd seeks to raise $5.15 million from investors for the remaining equity, which has been pre-funded into the project by an affiliate of ArborCrowd. The sponsor broke ground on the development in April, and construction is expected to be completed towards the end of 2020.

The National Transportation Safety Board examined the role of each contractor in the construction of the pedestrian bridge at Florida International University that collapsed March 15, 2018, onto eight cars.

CBRE capital markets vice chairman Christian Lee and executive vice president Jose Lobon in Miami represented seller Crocker Partners.

Buyer Hotusa Group oversees tourism and hotel companies including the Eurostars chain, the existing brand on the downtown hotel.