A consortium including affiliates of Starwood Capital Group, the LeFrak Organization and Invesco Ltd. have purchased a beachfront, mixed-use property in Miami’s South Beach, including a hotel formerly known as the Gansevoort.

CB Richard Ellis Realty Trust has expanded its presence in Florida with the purchase of Sabal Pavilion, a 120,500-square-foot office building in Tampa.

Eight months after The Miami Herald Co.’s Miami digs were sold in a short-term, sale-leaseback transaction, the newspaper has signed a long-term lease for the 158,300-square-foot former U.S. Southern Command headquarters at Westpointe Business Park in neighboring Doral, Fla.

The Morgan Group, a company focused on development, construction and property management of luxury multi-family properties, has arranged financing of $146 million on behalf of its affiliated investment partnerships.

Continuing in its quest for “stabilized assets that show cash flow above and beyond rent,” according to president & COO Danny Prosky, the newly minted Griffin-American Healthcare REIT II has made an 11-property pickup for $174 million.

Newmark Knight Frank has been tapped to provide leasing services for a 900,000-square-foot industrial flex portfolio near Atlanta, Commercial Property Executive has learned.

CBRE Global Investors has acquired 201 17th St., a 349,400-square-foot, 17-story, Class A, LEED Gold–certified office tower built in 2007. The Atlanta offices of CBRE will manage and lease the building, which is currently 48 percent leased.

A Starwood Capital Group affiliate and South Street Partners have snapped up North Beach Towers, a two-tower, 1 million-square-foot condominium complex along the water in Myrtle Beach, S.C. 

Oak Grove Capital’s financing origination spree for apartment properties continues as the mortgage lender completes a $45M Fannie Mae affordable loan for The Waves, a 488-unit rental community in Plantation, Fla.

Strategic Storage Trust Inc., a publicly registered non-traded REIT in the self-storage space, has just picked up a portfolio of 12 properties in Georgia and Florida. The buildings, which total approximately 8,000 units across 1 million square feet, were purchased for $80 million.