Real Estate Rumors: Estate Cos., Innovo, Morgan Properties

By Andrew McIntyre (March 5, 2021, 7:53 PM EST) -- Developer The Estate Cos. is hoping to convert a former Lauderhill, Florida, vacation resort into apartments, the South Florida Business Journal reported Friday. The company is seeking permission to convert each of the 212 hotel rooms at 3501 Inverrary Blvd., which was formerly the Inverrary Vacation Resort, into apartment units, according to the report.

Innovo Property Group has landed $155 million in financing for a Long Island City, New York, project, The Real Deal reported Friday. The loan from a Starwood Property Trust affiliate is for 23-30 Borden Ave., where Innovo is building an 842,000-square-foot industrial property, according to the report....

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