Miami

The development, located about an hour north of Tampa, is fully leased. HTG completed the first phase of the development in 2017, consisting of 96 affordable apartments and broke ground on 94 additional apartments last year.

The expansion to the Southeast is seventh market in the company's national multifamily investment sales expansion, which started in April 2018. In July, 2019 NorthMarq announced its expansion into the Kansas City market.

Runner-up development group M-S-E Judicial says top-ranked Plenary lowballed its bid and plans an inferior building, a notion Plenary denies.

The firm, the student housing investment and development division of Chicago-based CA Ventures, will open the student housing communities that total more than 3,000 beds in Florida, Indiana, Illinois, Iowa, Ohio and Pennsylvania.

The 396-unit garden apartment community on Townsend Boulevard includes 13 buildings on both sides of Townsend Boulevard.

SunTrust originated a $48.49-million 10-year term loan with nine-years interest only followed by a 30-year amortization schedule for The Preserve at Henderson Beach, a 340-unit multifamily property located at 4131 Commons Drive West in Destin, FL.

Deliveries are expected to more than double from last year in Miami, the only South Florida city seeing an increase as developers elsewhere tap the brakes on multifamily projects.

A report released by commercial brokerage CBRE predicts a strong restaurant sector with spending increasing above non-food retail industries. The analysis also indicates that South Florida will remain a prime market for international restaurant expansions into the US.