REBusinessOnline

LMC Tops Out Apartment High-Rise in Midtown Atlanta

ATLANTA — LMC, a division of Miami-based Lennar Co., has topped out its Midtown Atlanta luxury apartment building, Vireo. The high-rise will feature 310 apartment homes, offering studio, one-and two-bedroom floor plans. Amenities will include a swimming pool, cabanas, clubroom and an outdoor lounge area. Vireo is located less than one mile from Piedmont Park. Hoar Construction completed the concrete structural frame exterior windows, façade, roofing and site work. LMC expects Vireo to be …

NAI Earle Furman Arranges Sale of Industrial Park in Upstate South Carolina

GREER, S.C. — NAI Earle Furman has represented The Taft Family Office and Appian-Gilliam LLC in purchasing a 23.5-acre industrial park in Greer. The site has a newly constructed speculative building that spans about 100,000 square feet. The industrial park was 60 percent leased at the time of the sale. NAI Earle Furman will also handle the management and marketing of the rebranding of the park, now called The Inland Distribution Center. The center is located a few miles off Interstate 85 …

Institutional Property Advisors Brokers $29M Sale of Apartment Complex in Pensacola, Florida

PENSACOLA, FLA. — Institutional Property Advisors (IPA) has brokered the $29 million sale of Fairfield Lakes Apartments in Pensacola. Built in 2003, the 268-unit apartment complex comprises 16 residential buildings, a clubhouse and seven garages, as well as a swimming pool, fitness center, playground and a tennis court. Nearby employment centers include the Naval Air Station Pensacola, Corry Station and Saufley Field, a military airport and support facility. Frank Carriera and Michael Regan …

Adventurous Journeys Purchases 116-Room Inn at USC, Plans to Rebrand as Graduate Hotels Flag

COLUMBIA, S.C. — Adventurous Journeys Capital Partners (AJ) has purchased the Inn at USC, a 116-room hotel located near the campus of University of South Carolina in Columbia. The hotel will undergo renovations throughout its common areas in the spring. The hotel and common areas are expected to remain open throughout the renovation process. The hotel is set to become part of AJ’s Graduate Hotels collection next fall. This is the first planned hotel for Graduate Hotels in the Carolinas. …

Ollie’s Bargain Outlet Celebrates Opening of 300th Store Near Baltimore

GLEN BURNIE, MD. — Ollie’s Bargain Outlet Holdings Inc. has opened a new store in Glen Burnie to mark its 300th location. The new store is located about 10 miles south of downtown Baltimore in a former Toys “R” Us. The Harrisburg, Pa.-based company opened its first store 36 years ago in Mechanicsburg, Pa., and now has stores in 23 states. The milestone location was opened on the same day as several other Ollie’s Bargain Outlet stores, bringing the company’s total to 303. Ollie’s …

StonebridgeCarras to Develop Virginia Tech’s $1B Campus in Alexandria, Near Amazon Headquarters

ALEXANDRIA, VA. — StonebridgeCarras has been selected to build the Virginia Tech Innovation Campus, a $1 billion, 1 million-square-foot, technology-focused campus in Alexandria, less than two miles from Amazon’s HQ2 future site. Virginia Tech and the State of Virginia will each put forth $250 million to the new campus. Further funds are expected to come via private philanthropy, industry partnerships and other revenue streams. The new campus will be situated in River Landing, a newly …

EDENS, Crescent Break Ground on Retail, Residential Development in Atlanta’s Upper Westside

ATLANTA — EDENS and Crescent Communities have broken ground on Phase II of Moores Mill, a mixed-use development in Atlanta’s Upper Westside neighborhood. Charlotte-based Crescent Communities, a multifamily developer, will build 345 units across three buildings over five acres called NOVEL Upper Westside. The complex will total 300,000 square feet and offer one- , two- and three-bedroom options. Amenities are set to include a fitness center, pool, courtyard, refined rooftop lounge and a dog …

Bainbridge, Diamond Realty to Develop 492-Bed Student Housing Community Near University of Florida

GAINESVILLE, FLA. — The Bainbridge Cos. has acquired an 11-acre site in Gainesville located near the University of Florida for the development of a 492-bed student housing community. The property — to be named Campus Circle Gainesville — will be developed in a joint venture with Diamond Realty Investments Inc. The four-story, garden-style community will offer shared amenities including an outdoor lounge and study area; resort-style courtyards; swimming pool with private cabanas; …

Nexton, RealtyLink Announce 22 Restaurants, Stores Coming to Shopping Center Near Charleston

SUMMERVILLE, S.C. — Nexton and RealtyLink Commercial have announced a list of 22 tenants that will occupy Nexton Square, a shopping center in Summerville that is set to open this summer. The vendors include Tropical Smoothie Café, The Bicycle Shoppe and Fuji Sushi, as well as other restaurants, apparel, beauty, fitness, entertainment and finance tenants. The first buildings are scheduled to be available to tenants for up-fit later this year. Nexton Square will be located in …

Colliers International Acquires South Florida Brokerage Firm CREC

CORAL GABLES, FLA. — Colliers International has acquired Coral Gables-based Continental Real Estate Cos. Commercial Properties Corp. (CREC) and its portfolio of more than 12.6 million square feet of office, industrial and retail space; and more than 100 employees across three offices in Florida. Terms of the deal were not disclosed. Warren Weiser and Carol Greenberg Brooks founded CREC in 1989. “We are thrilled to join Colliers and be part of a team that is aligned with our …

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