Real Estate Rumors: BTI, MetLife, Life Storage

Law360 (June 24, 2021, 3:42 PM EDT) -- A venture of BTI Partners and Bridge Investment Group has picked up a Hollywood, Florida, development site in an opportunity zone for $11 million, the South Florida Business Journal reported on Thursday. The deal is for 3.24 acres at three addresses — 1727-1745 Van Buren St., 1740-1760 S. Young Circle and 1700-1716 Harrison St. — and the seller is MG3 Developer Group, according to the report. The venture hopes to build a 25-story tower at the site, the report said.

MetLife Investment Management has loaned $65 million to American Landmark Apartments for two Dallas-area properties, Commercial Observer reported on Thursday. The loan is...

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