Volusia County saw several mega-deals in commercial real estate in 2022, many of which will have an impact on the county in 2023.

1. Phoenix, Ariz.-based Cove Communities bought Bear Creek Village, an Ormond Beach 55-plus manufactured home community, for $71.54 million.

2. San Francisco-based McDowell Properties bought the Lake Forest Apartments, a 384-unit complex, at 600 Jimmy Ann Drive in Daytona Beach for $56.5 million.

3. ApexOne of Houston bought the Napier Apartments at 2351 N. Williamson Blvd. in Daytona Beach for $51.76 million and land for a second phase (for which construction has started on 120 units) for $2 million.

4. Ed Morse Automotive Group of Delray Beach paid $45.38 million for the real estae properties at Destination Daytona in Ormond Beach. That doesn’t include the price for business operations, such as the Harley-Davidson dealership.

5. Salmanson Capital of Miami Beach bought the new Onshore Daytona apartments at 1100 Halifax Medical Center Drive in Daytona Beach for about $44.2 million.

6. A Teaneck, N.J., real estate manager bought the Via Romo Apartments at 875 Derbyshire Road in Daytona Beach for $30.74 million.

7. Green Eagle Capital of Los Angeles bought the Bellamy, student housing apartments on Jimmy Ann Drive, north of Dunn Avenue, in Daytona Beach for $29.3 million.

8. Greystar bought the rest of the undeveloped land between Williamson, Clyde Morris and LPGA boulevards and Strickland Range Road in Daytona Beach, for $20.75 million, plus another site off Clyde Morris for $250,000.

9. A Boca Raton firm bought the Osprey Landings apartments at 1795 S. Clyde Morris Blvd. in Daytona Beach for $20.4 million.

10. IMC Equity Group of North Miami bought the Enterprise Cove Apartments in Orange City for $20.25 million.

11. A Chicago-based Blackstone Investments subsidiary bought the Carolina Club apartments on North Williamson Boulevard in Daytona Beach for about $18.9 million.

12. Key International of Miam bought the oceanfront Best Western in New Smyrna Beach for $18.7 million.

13. The Blue Tides Apartments at 261 Riverside Drive in Holly Hill were acquired by a California firm and Marina Grande developer Michael Swerdlow for $18 million.

14. PGIM Real Estate of Madison, N.J., bought the Lakeview Estates mobile home park at Nova and Reed Canal roads in South Daytona for $17.5 million.

15. Comprehensive Healthcare Management Group of Hewlett, N.Y., bought the Woodland Towers seniors community at 113 Chipola Ave. in DeLand for $17 million.

16. Complete Care of Toms River, N.J., buying the Ocean View Nursing Home at 2810 S. Atlantic Ave. in New Smyrna Beach for about $16.12 million.

17. A Nashville firm bought The Boulevard apartments at 1713 Clyde Morris Blvd. in Daytona Beach for $16 million.

18. Suffern, N.Y.-based Castle Lanterra Properties bought the Cornerstone office buildings at LPGA and Williamson boulevards in Daytona Beach for $15.95 million.

19. Smyrna, Ga.-based Buckhead America Hospitality bought the beachfront El Caribe Resort, Beach Haven Inn, Silver Sands Inn, and vacant building and land off-beach, all in the 2100 block of Daytona Beach Shores for about $15.8 million

20. A Fort Lauderdale firm bought the Promenade shopping center at Nova and Beville roads in Daytona Beach for $15.5 million.

21. A Birmingham, Ala., firm bought the Oasis Apartments at Woodcrest Drive and Beville Road in Daytona Beach for $15.4 million.

22. Becker Organization of Montclair, N.J., bought the Pods facility at Jimmy Ann Drive and LPGA Boulevard in Daytona Beach for $14.75 million.

21. Three Pillar Communities of Los Altos, Calif., bought Terra Mar Village manufactured home community, or parts thereof, between U.S. 1 and the Indian River in Edgewater for $14.5 million.

22. A group of North Carolina and Georgia investors bought the Fairwinds Hotel at 1398 N. Atlantic Ave. in Daytona Beach for $14 million.

23. Pacifica Senior Living of San Diego bought Bishops Glen senior living community in Holly Hill for $13.975 million.

24. Hillwood Development Co. of Dallas bought the land for the Amazon distribution center on Bellevue Avenue in Daytona Beach for $13.775 million.

25. The Oceans 25 townhouse project in Daytona Beach Shores was sold to a Miami Beach firm for $12.5 million.

26. Twenty Lake Holdings of New York bought the property at 901 Sixth St. in Daytona Beach leased to Gannett for its News-Journal operation for $12.1 million.

27. Plantation Oaks developer sold much of the Ormond Beach development to D.R. Horton subsidiary Forestar USA Real Estate Group for $12 million.

28. Merit Hill Capital of Brooklyn bought the mini-warehouses at 1104 N. Nova Road in Daytona Beach for $11.538 million.

29. Extra Space Storage bought DeLand Storage at 900 E. International Speedway Blvd. in DeLand for about $11.02 million.

30. Oakbrook Terrace, Ill.-based Cobblestone Real Estate bought the Ridgecrest mobile home park at 170 N. Yonge St. in Ormond Beach for $11 million.

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.