Thursday, August 6, 2026
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AcquisitionsMultifamilyNorth CarolinaSoutheast

Tishman Speyer Acquires Berkshire Dilworth Apartments in Charlotte for $76.3M

by John Nelson

CHARLOTTE, N.C. — New York-based Tishman Speyer has purchased Berkshire Dilworth, a 296-unit apartment community located at 1351 E. Morehead St. in Charlotte. Berkshire Residential sold the property to Tishman Speyer’s TS Plus fund for $76.3 million, according to the Charlotte Business Journal. The community is Tishman Speyer’s first acquisition in the Charlotte area and its second in North Carolina this year following the company’s purchase of The Maggie in Raleigh in January. Built in 2016, Berkshire Dilworth features studio, one- and two-bedroom apartments, as well as ground-level retail space, a fitness center, outdoor pool, rooftop lounge, yoga room and private pet spa. The property was 97 percent occupied at the time of sale.

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DevelopmentMultifamilyNorth CarolinaSoutheastTop Stories

Partnership to Develop 382-Unit Luxury Apartment Tower in Charlotte

by Kristin Harlow

CHARLOTTE, N.C. — A partnership between GMH Communities, AEW Capital Management and Wexford Science & Technology LLC has acquired land within The Pearl innovation district in Charlotte. The partners plan to develop ANOVA The Pearl, a 20-story, 382-unit luxury apartment tower. Completion is slated for summer 2028. ANOVA The Pearl will encompass 1.3 acres and feature luxury residential accommodations alongside 6,621 square feet of ground-floor retail space. Of the 382 units, 5 percent will be reserved for affordable housing. Amenities will include a fitness center, clubhouse, golf simulator, sauna and cryotherapy chambers. The developers say the project is designed to meet the growing demand for high-quality housing for professionals working in the life sciences, healthcare and technology industries. The Pearl innovation district, developed through a public-private partnership led by Atrium Health and Wexford Science & Technology, is anchored by Wake Forest University School of Medicine Charlotte, the city’s first four-year medical school. “We are attracted to locations that we believe benefit from strong institutional anchors and create opportunities for residents to live near major centers of employment and innovation. ANOVA The Pearl reflects these characteristics and represents a residential development within a unique and evolving district in Charlotte,” says Sara …

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LoansMultifamilyNorth CarolinaSoutheast

Regions Originates $64.3M Agency Refinancing for Apartment Community in Monroe, North Carolina

by John Nelson

MONROE, N.C. — Regions Real Estate Capital Markets has originated a $64.3 million Freddie Mac loan for the refinancing of Elevate Rocky River, a 360-unit apartment community in Monroe, about 28 miles southeast of Charlotte. Andrew Buckley was Region’s loan originator on behalf of the borrower, Greensboro, N.C.-based Signature Properties Group. The fixed-rate loan has a 10-year term, 35-year amortization schedule and a six-year period of interest-only payments. Built in 2024, Elevate Rocky River comprises one- and two-bedroom units, as well as a pool, fitness center and a clubhouse with a lounge and business center.

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DevelopmentMultifamilyNorth CarolinaSoutheast

Marcus, Wood Partners to Develop 280-Unit Apartment Community in Apex, North Carolina

by John Nelson

APEX, N.C. — Boston-based Marcus Partners has purchased a site off Jenks Road in Apex for the development of Alta Apex, a 280-unit apartment community. The project represents the first development in the Raleigh-Durham market for Marcus Partners, which is spearheading the construction from its Atlanta office along with Wood Partners. The co-developers will begin sitework and construction this month and aim for delivery in fourth-quarter 2027. Upon completion, Alta Apex will include a mix of walk-up and elevator-served buildings housing one-, two- and three-bedroom apartments. Amenities will include a resort-style pool, indoor and outdoor fitness areas, clubroom with coworking space, dog park and a pet spa.

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AcquisitionsNorth CarolinaRetailSoutheast

Marcus & Millichap Brokers $3.3M Sale of Retail Center in Metro Charlotte

by John Nelson

INDIAN TRAIL, N.C. — Marcus & Millichap has brokered the $3.3 million sale of Village Shoppes, an unanchored retail strip center located at 323 Unionville Indian Trail Road in Indian Trail, about 16 miles southeast of Charlotte. A fund-based private equity group purchased the 12,075-square-foot property form a partnership based on the West Coast. Both parties requested anonymity. Harrison Creason, Andrew Margulies and Kyle Carpentier of Marcus & Millichap represented the seller in the transaction. Situated on a 2-acre lot near a Walmart Supercenter, Village Shoppes was fully leased at the time of sale to Little Caesars, a dentist practice, pet store and salon and a performing arts studio.

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IndustrialMarket ReportsNorth CarolinaSoutheastSoutheast Market Reports

Charlotte’s Industrial Market Enters a New Era of Disciplined Growth

by John Nelson

After several years of unprecedented industrial expansion, the Charlotte market is entering a more disciplined phase of growth, and that may ultimately prove healthier for the region long term. While headlines continue to focus on elevated vacancy rates, the underlying fundamentals of the market remain sound, particularly for modern, Class A product and strategically located logistics corridors. Charlotte absorbed nearly 60 million square feet of industrial deliveries since 2020, fundamentally reshaping the region’s supply chain infrastructure and elevating the market into one of the Southeast’s premier logistics hubs. Today, the conversation is no longer centered around whether Charlotte can attract industrial users, it is about how the market recalibrates after an aggressive development cycle. That recalibration is already underway. Construction starts have slowed considerably, with the development pipeline contracting to approximately 4.8 million square feet in first-quarter 2026, down significantly from the previous 10-quarter average of 8.7 million square feet.  At the same time, leasing activity has remained healthy, totaling approximately 2.2 million square feet during the first quarter. Vacancy appears to be flattening as leasing volume continues to outpace new deliveries.  One of the clearest trends shaping the market is the continued “flight to quality” among occupiers. Large users …

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DevelopmentMultifamilyNorth CarolinaSoutheast

Woodfield Development Breaks Ground on $100M Apartment Community in Cary, North Carolina

by Abby Cox

CARY, N.C. — Woodfield Development has broken ground on a 330-unit apartment community located across from the Tryon Village shopping center at 2818 Macedonia Road in Cary, a suburb of Raleigh. Eagle Realty Group is serving as equity partner and capital provider for the $100 million project. The unnamed, five-story residential complex will feature studios, one-, two- and three-bedroom apartments in a five-story building that will wrap around a parking deck. The complex will feature more than 13,500 square feet of interior amenity space that will include a leasing office with a conference room and outdoor patio; coworking center with private business stations and conference rooms; coffee and gaming lounge with a coffee bar, grab-and-go market and golf simulator; resident clubhouse with a full kitchen, game area, maker’s room and library; two-story fitness center with a dedicated group fitness studio; dog spa; and a sky lounge with indoor/outdoor entertaining space overlooking the city. Outdoor amenities, which will span more than 40,000 square feet across three landscaped courtyards, will include a resort-style swimming pool with cabanas; grilling stations; gathering areas; fire pits; artificial turf recreation spaces; an outdoor fitness area, sauna and cold plunge; as well as a dog park with …

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Market ReportsNorth CarolinaRestaurantRetailSoutheastSoutheast Market Reports

The Institutionalization of Charlotte’s Retail Sector

by John Nelson

Years of nation-leading population growth, a robust job market and rising household incomes have propelled Charlotte retail onto the national stage as a major target for institutional and private investors alike. The market is now operating at a premium, with average asking rents surpassing the national average for the first time on record in late 2025 after rising more than 30 percent over the past five years, according to data from CoStar Group Inc. That milestone says a lot about how far the market has come, but it also points to where it is headed.The next phase of Charlotte retail will not be defined by growth alone. It will be defined by having the right tenant in the right format serving the right trade area. The strongest corridors continue to command attention from retailers and investors alike, while rising occupancy costs are forcing every deal to stand on stronger fundamentals. For owners, tenants and capital sources, that dynamic makes Charlotte one of the Southeast’s most compelling retail markets, but also one of its most nuanced. The new retail map Charlotte gained 20,731 residents between 2024 and 2025, ranking among the fastest-growing major cities in the country, according to the U.S. …

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IndustrialLeasing ActivityNorth CarolinaSoutheast

Cushman & Wakefield Arranges 472,890 SF Industrial Lease in Metro Charlotte for American Eagle

by John Nelson

SALISBURY, N.C. — Cushman & Wakefield has arranged a 472,890-square-foot industrial lease for American Eagle Outfitters Inc. in the metropolitan Charlotte area. The retailer will occupy a distribution center within Innovation Logistics Center in Salisbury on a long-term lease. Patrick Decker, Ben Brenner and Mark Zaziski of Cushman & Wakefield’s East Rutherford, N.J., office led a multi-year search in markets across three states for American Eagle’s new Southeastern hub. The team, along with locally based Cushman & Wakefield colleague Patrick McGrath, represented the tenant in the lease negotiations. Fermin Deoca and Matt Treble, also with Cushman & Wakefield, represented the landlord, Crow Holdings Development.

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DevelopmentMultifamilyNorth CarolinaSoutheast

Blue Heron Breaks Ground on 269-Unit Apartment Community in Raleigh

by John Nelson

RALEIGH, N.C. — Blue Heron Asset Management has broken ground on Rosewood, a 269-unit apartment development located at 611 W. South St. in Raleigh. The locally based developer acquired the site earlier this year for nearly $12.9 million. The design-build team includes architect Cline, which is also providing interior design and landscape architecture services, as well as general contractor W.M. Jordan Co., civil engineer Withers Ravenal, MEP engineer Lighthouse Engineering and structural engineer EM Structural. Upon completion, which is expected for 2028, Rosewood will comprise two buildings and a central public plaza. Units will range in size from 499 to 1,531 square feet and amenities will include a sauna, cold plunge, coworking areas, rooftop lounge, speakeasy and 5,500 square feet of retail space along South Street.

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