Waste Management Buys Medley Site For $379M: The South Florida Deal Sheet
Trash talk has taken on a whole new meaning after a 146-acre Miami-Dade County site approved for a landfill sold for nearly $380M.
An entity tracing to DunnCos sold 146 acres in Medley to Houston-based Waste Management for $379M, according to property records provided by Vizzda.
The deal included $366M in seller financing, which matures in 2046.
Waste Management seeks to turn the site at 9515 NW 95th Ave. into a Class 1 landfill for nonhazardous waste. The site is largely vacant aside from a portion dedicated to truck parking.
The deal figures to ease the county's waste management troubles after its Doral facility, responsible for burning half of the county's trash, went offline in a 2023 fire.
Building a new one would cost Miami-Dade $3B, $1B more than previously anticipated, the Miami Herald reported. DunnCos' Medley site had been considered for an incinerator replacement, but the county still hasn’t chosen a location.
SALES
An entity tracing to Clarion Partners sold a 132K SF warehouse in Sunrise to MDH Partners for $40M, according to property records provided by Vizzda.
The warehouse at 710 to 790 International Parkway is a 10-minute drive south of the Sawgrass Mills mall. It was built in 1989 on nearly 9 acres.
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An affiliate of Range Equity Management LP purchased an assisted living facility in Boynton Beach from The Lotis Group, formerly known as JKM Developers, for $35M, according to property records provided by Vizzda.
The sale included the 144-acre, 18-hole Delray Dunes Golf & Country Club, the South Florida Business Journal reported.
The buyer acquired a $35.5M mortgage from Pinnacle Financial Partners. Because the debt is higher than the public purchase price, it indicates the total value of the deal was higher than what was recorded in public records.
Residences at the 120K SF, 160-bed HarborChase of Boynton Beach start at $5,795 per month, according to its website.
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An entity tracing to Switzerland-based Centaur Holdings sold an 18-hole golf course and a nine-hole golf course in Palm Beach Gardens for $191M, according to property records provided by Vizzda.
The buyer, Ohana Real Estate Investors, landed a $115M loan from JPMorgan Chase to buy the Panther National at Avenir Golf Club & Residences at 10255 Panther National Blvd.
The 392-acre site also includes 150 unsold home lots in the 218-unit Panther Community.
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A joint venture of Pebb Capital, Sabal Investment Holdings and affiliates of Paceline Equity Partners bought Uno South Pointe, a 51K SF office and retail property in Miami Beach, according to a release.
The property at 119 Washington Ave. was built in 2002 and renovated in 2025. The buyers plan to develop a 10K SF ultra-luxury penthouse office on the top floor.
The seller was an entity tracing to Cyril Bijaoui, a broker associate and principal for Longstead at The Corcoran Group.
A representative for the joint venture didn’t respond to a request for comment on the transaction price, but the Miami-Dade County property appraiser values the site’s market value at $27M.
FINANCING
Stewards Inc., formerly Favo Capital Inc., landed a $79M loan to refinance a 271-unit Hollywood multifamily building, according to a release.
Senior financing was provided by Värde Partners, and mezzanine financing came from CCL Capital. A BayBridge Real Estate Capital team of Jay Miller, Spencer Miller, AJ Felberbaum and Noah Rothman arranged the debt for Stewards.
The private credit company purchased the asset a year ago from GCF Development in a $190M exchange that included stock and the assumption of liabilities. GCF acquired 49 million shares in the company at a price of 76 cents per share.
Stewards, which aspires to list on the Nasdaq Stock Market, has made some changes since the acquisition. Beyond the name of the company, which is trading on the over-the-counter market, CEO Vincent Napolitano stepped down in April and is serving as chairman emeritus. Shaun Quin was promoted to the position from his role as president.
LEASES
Suffolk leased 19K SF at 205 Datura for its headquarters in West Palm Beach, according to a release.
The company, which has had a presence in the city for more than 30 years, employs roughly 400 people in South Florida. Suffolk, which has completed $3B in construction projects in South Florida, is planning to move into its new office in early 2027.
The Boston-based company’s regional office is at 426 Clematis St.
The Coco Group purchased 205 Datura, which is more than 100 years old, for $45.7M from Morning Calm Management in May 2025. Asking rates for the 72K SF building are averaging $68 per SF for a triple-net lease, according to a CBRE marketing brochure.
PEOPLE
Delray Beach-based Basis Industrial made some changes in leadership, according to a release.
Anthony Scavo was promoted to CEO and managing partner from his position as president and managing partner, and Nisha Patel was hired as chief operations officer — a new role for the company.
Scavo, who has been with the company since 2021, is taking over for Daniel Weinstein, who will serve as founder, chairman of the advisory board and investment committee member.
Patel will lead the company’s day-to-day operational execution across its expanding national portfolio. She is joining the team following serving as COO of Levin Management Corp. Her experience also includes serving as head of asset management and dispositions at Essential Properties Realty Trust and more than 10 years at PGIM Real Estate.
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Ben Bruner joined Colliers as the new senior vice president in South Florida, according to a press release.
Bruner has more than 15 years of experience and has completed more than $500M in lease and sale transactions across industrial, office and retail. He is joining from his previous position as founder and president of Bruner Group, which he launched in 2019. The company is no longer operating.
