13th Floor scores $39M financing for two Tamarac projects

Manor Parc With work well underway at its new housing projects in Tamarac, 13th Floor Investments has replenished its construction coffers with two loans totaling roughly $39.4 million. (Click to enlarge) Layout of Manor Parc County records show the financing is for two large pieces of vacant land along Florida’s Turnpike near Commercial Boulevard. The…

Marriott-brand hotel breaks ground in downtown

A Fairfield Inn & Suites, part of the Marriott chain, recently broke ground in downtown Fort Lauderdale. Coral Gables-based Banesco USA awarded a $16.65 million construction loan to LM Hotels, an affiliate of local firm Lucky’s Management led by Sanjaykumar Patel. John R. Elwell Construction Co. recently started building the eight-story project at 30 S.…