South Florida-based Cymbal DLT Companies has secured $114 million in permanent financing for Laguna Gardens, a 341-unit multifamily community in Miami Gardens. The senior and mezzanine loans, provided by Apollo Global Management and RXR Realty Investments, paid off the development’s $102.5 million construction loan issued in 2022 by Related Fund Management, an affiliate of Related Companies.

Grove Prosperity Partners LLC, an entity comprising a church, non-profit organization, and developer, is seeking funds for an affordable housing development in Coconut Grove.

Reader Communities, an Orlando-based master-planned community developer, has acquired a 220-acre site in Howey-in-the-Hills, Florida, for the development of Lake Hills, a 560-home 55+ active adult community. The project, designed to provide resort-style living, will offer direct waterfront access to Lake Harris, proximity to Mission Resort & Club’s golf courses, and walkability to a future Publix-anchored shopping center.

Miami-based Lombardi Properties has proposed a high-rise office building in Miami-Dade County. The project would measure 12 stories above grade and comprise more than 45,000 square feet of new construction.

Construction is advancing at Marina Landings, a 34-home single-family community in East Fort Lauderdale by 13th Floor Homes. The boutique gated development is now more than halfway complete, with the first residents expected to move in this spring. More than half of the community’s homes have now been sold and are completed as residents prepare for move-ins beginning this Spring.