Southeast

The power is shifting towards employees and how and where they want to work.

The initial fundraising goal was $300-$350 million.

The 158,463-square-foot grocery-anchored shopping center in Broward County is located approximately 12 miles southwest of Downtown Fort Lauderdale and was 99% leased at the time of sale.

Terra Capital has provided Miami-based alternative investment management firm CGI Merchant Group with a $57-million bridge loan to facilitate the recapitalization of the mixed-use property and what the ownership terms as a “ramp up” of a newly flagged hotel at the property.

Follow a deal earlier this year involving the purchase of the Tropical Manor apartment complex, GlobeSt.com takes a closer look at Florida affordable housing and learns more on how the much-needed affordable units of this particular complex could have otherwise been converted to market-rate housing.

Chicago-based executive managing directors Craig Cassell and Michael Sessa will lead Cushman & Wakefield's S&E Advisory Group and will be responsible for managing the firm's overall strategic approach to sports and entertainment related client services.

Newmark Knight Frank is marketing 2600 Virginia Ave. on behalf of Rockwood Capital.

First Washington reports that effective immediately, the asset will be rebranded and named Eden Prairie Village Shopping Center as a tribute to the local community.