BB&T lends $10.4M to build self storage center

Branch Banking & Trust Co. provided a $10.4 million construction loan to build a self-storage center in North Miami Beach. The bank (NYSE: BBT) awarded the mortgage to CRP/Westport Self Storage Dixie, a joint venture between the Carlyle Group and Westport Properties that operates as US Storage Centers. The company previously announced that it would…

It’s going to be another good year

Tere Blanca President and CEO, Blanca Commercial Real Estate “South Florida is now a top-tier market for domestic and international investors looking to acquire real estate, as well as multinational firms looking to enter the U.S. We experienced a record level of real estate investment in 2015 and saw a significant uptick in absorption at…