Avdotia
Analysis from the seams between disciplines.
Working notes on real estate, construction, marketing, and strategy across Florida. Read before answered.
Porter Development Just Landed a $63.5 Million Loan for Phase One of a St. Petersburg Apartment Complex
Porter Development, the Clearwater-based builder, has lined up a $63.5 million loan from Valley National Bank to move Azalea Cay, a planned 1,056-unit apartment complex at 1501 72nd Street North…
South Broward Hospital District Just Paid $69 Million for a Hollywood Office Campus
A political subdivision of the state of Florida just spent $69 million on a 1980s office campus in Hollywood, and the buyer was not a private equity fund. South Broward…
An Orlando Investor Just Paid $73 Million for a Pompano Beach Complex That Sold for $2.1 Million in 2017
An Orlando investment firm just paid $73 million for a Pompano Beach apartment complex that traded for $2.1 million nine years ago. Avdotia Services is reading the gap between those…
Florida Mortgage Rates Climbed for a Second Straight Week, Extending Their One-Year High
Florida buyers financing a purchase this month are working against a mortgage rate that just moved the wrong way for the second week in a row. Avdotia Services is reading…
Goldman Sachs Just Paid $154.5 Million for a Davie Apartment Complex, $389,169 a Door
An affiliate of Goldman Sachs just paid $154.5 million for Modera Academical Village I, a 397-unit apartment building at 3440 Southwest 76th Terrace in Davie, buying it from Boca Raton-based…
Florida Builders Filed 6,127 Home Permits in July, Down 18 Percent From June’s Surge
Florida builders filed 6,127 residential construction permits in July, worth a combined $2.2 billion, an 18 percent drop from June’s 7,477 permits and $2.676 billion, according to Florida Realtors. Avdotia…
LORE and Element Land a $58 Million Construction Loan for The Lincoln in Coconut Grove
LORE Development Group and Element Development have closed a $58 million construction loan for The Lincoln, a 48-unit boutique condominium at 2650 Lincoln Avenue in Coconut Grove, with SME Capital…
Cipriani Residences Miami Tops Out at 950 Feet, 85 Percent Sold Before Delivery
Cipriani Residences Miami has topped out at roughly 950 feet, making it the tallest residential tower south of Manhattan, and the building is already 85 percent sold across its 397…
Florida’s Tourism Brand Hits a Record $162 Billion in 2026
Florida’s tourism brand just hit a record $162 billion valuation, and Avdotia Services is reading the number less as a travel-industry headline and more as a data point about how…
Terra and Frisbie Pay $19.5 Million for a Third Parcel of the Old Palm Beach Kennel Club
Terra and the Frisbie Group just paid $19.5 million for a third parcel of the old Palm Beach Kennel Club, and Avdotia Services is reading the purchase as confirmation that…