Real Estate

Jafri Capital secures $3.6 million refinancing for luxury rental portfolio, in St. Pete Beach

September 21, 2023 | Jo-Lynn Brown

Jafri Capital has arranged $3.6 million for the reﬁnancing of two properties, in St. Pete Beach.

All told, the firm has closed on $10 million dollars of arranged debt ﬁnancing during the summer of 2023, in the Tampa-St. Petersburg metro area, according to a statement.

Scott Glazer, of Lynx Mortgage Bank Commercial Division, originated the deal. Ege Ozcan, vice president of Jafri Capital, led the deal team and worked alongside Lynx Commercial’s originators from the signed term sheet to close. Shahid Jafri, founder of Jafri Capital, negotiated the deal.

Founded in 2018, Jafri Capital primarily focuses on equity placement and has arranged twelve LP Equity investments, over the last ﬁve years, in New York and Florida.

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Sarasota condo project in Rosemary District gets a boost with $50 million loan

February 25, 2025 | Jo-Lynn Brown

S3 Capital has arranged a $50 million construction loan for The Gallery Sarasota, a six-story mixed-use condominium project, in the city’s Rosemary District. The development, a joint venture between Palm

Viceroy Residences Clearwater Beach to bring new era of coastal luxury and resilience (PHOTOS)

February 25, 2025 | Jo-Lynn Brown

In a transformative move set to redefine beachfront living on Florida’s Gulf Coast, BH3 Management and U.S. Development have unveiled Viceroy Residences Clearwater Beach — the region’s first waterfront condominium

Ronto Group announces new Sarasota Bay condominium project (RENDERINGS)

February 18, 2025 | Jo-Lynn Brown

The Naples-based Ronto Group is expanding its presence in Sarasota with a new luxury condominium project, Amara on Sarasota Bay, set to be built on Golden Gate Point. Demolition of

Booz Allen Hamilton to relocate to Midtown East

January 20, 2025 | Jo-Lynn Brown

Global consulting firm Booz Allen Hamilton will move its Tampa office to Midtown East, a forthcoming 18-story tower in the Midtown Tampa development, scheduled to open in the second quarter

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Marina Pointe tower reaches sold-out status with $3.1 million penthouse

January 14, 2025 | Jo-Lynn Brown

Marina Pointe, a luxury condominium development in Tampa Bay, has sold out all units in its first residential tower, with the final sale of a 3,300-square-foot penthouse, closing at $3.1

Court decision clarifies zoning authority, paves way for Harbour Island development

January 7, 2025 | Jo-Lynn Brown

A recent court ruling has clarified the scope of zoning authority in Tampa, allowing Liberty Group to move forward with development plans for a Harbour Island property. The decision restores

Polar Capital opens first Tampa Bay office at Water Street

January 6, 2025 | Jo-Lynn Brown

Polar Capital, a specialist asset management group, has opened its first office in Tampa Bay. It has signed a four-year, four-month lease at Thousand & One, an office tower on

Mast Capital secures $72.5 million loan for Saddlebrook Resort transformation (PHOTOS)

December 23, 2024 | Jo-Lynn Brown

Mast Capital, alongside Amzak Capital Management, has secured $72.5 million in financing from Beach Point Capital Management to advance the $92 million renovation of Saddlebrook Resort, in Wesley Chapel. The