Naiop Modifies Its Identity

The group formerly known as the National Association of Industrial and Office Properties has turned its acronym into a noun, emphasizing its expansion into a commercial real estate development association. With 56 chapters throughout North America, including six in Florida, the change is expected to open the way for more membership.

“Naiop is the leading association for the development industry, extending its reach beyond office and industrial product types into mixed-use, medical office, retail and more,” states Thomas Bisacquino, the group’s corporate president in Herndon, VA. “We recognize that our members engage in diverse development opportunities, and our brand expansion supports our vision of advancing responsible commercial real estate development.”

Grove Alert: Mission, Lillibridge and Publix

Here are three Florida-related stories on GlobeSt.com that may warrant your attention.

First off, New York-based Mission Capital Advisors is soliciting bids on a $221-million portfolio of loans and REOs for a regional bank, secured by real estate assets in Florida and six other states. Overall there are 50 loans or REOs within eight available pools, including 35 loans and four REOs in Florida.