Sunday, February 8, 2026
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AcquisitionsHospitalitySouth CarolinaSoutheast

Hybridge Capital Acquires Yachtsman Resort in Myrtle Beach Out of Bankruptcy

by John Nelson

MYRTLE BEACH, S.C. — Hybridge Capital Management has purchased The Yachtsman Resort, a 159-room hotel located at 1304 N. Ocean Blvd. in Myrtle Beach. The Los Angeles-based investor acquired the hotel, which was built in 1982, out of bankruptcy in an off-market transaction. Bhavesh Patel of Hodges Ward Elliott represented the seller, Maryland-based Lemonjuice Solutions, in the transaction. The sales price was not disclosed. Max Mellman and Drew Rands of Max Benjamin Partners Inc., along with Justin Ghaderi of CBRE, secured an undisclosed amount of acquisition financing for the deal. Hybridge Capital, which now owns 569 hotel/resort rooms in Myrtle Beach, plans to implement a capital improvement program to restore The Yachtsman. Details about the renovation were not disclosed.

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DevelopmentFloridaMixed-UseMultifamilySoutheast

Partnership Tops Out 509-Unit Residences at The Wynwood Plaza in Miami

by John Nelson

MIAMI — Co-developers L&L Holding Co. and Oak Row Equities, along with project partner Shorenstein Properties and capital partner Claure Group, have topped out the Residences at The Wynwood Plaza, a 509-unit apartment development in Miami. The property serves as the multifamily component of Wynwood Plaza, a 1 million-square-foot mixed-use development underway in the city’s Wynwood district. Designed by Gensler, Residences at The Wynwood Plaza will feature studio, one- and two-bedroom apartments with floor-to-ceiling windows, modern appliances, high-end finishes and flexible layouts. Amenities will include 32,000 square feet of retail space, multiple connected rooftops, a multi-purpose sports court, two outdoor pools, sauna, hot tub, cold plunge pool, coworking spaces, private phone rooms, game lounge and a modern fitness center. Urban planning firm Field Operations designed the property’s 26,000-square-foot public plaza. L&L Holding and Oak Row plan to begin welcoming residents in 2025. The duo also topped off on Wynwood Plaza’s 12-story office tower in September 2023.

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DevelopmentIndustrialSoutheastTennessee

Foundry, Principal Global Investors Complete 371,000 SF Warehouse in Metro Nashville

by John Nelson

SMYRNA, TENN. — A joint venture between Foundry Commercial and Principal Global Investors, doing business as Tridon Property Owner LLC, has completed the development of Creekside Logistics, a warehouse development located in Smyrna, roughly 25 miles outside Nashville. Ware Malcomb provided architecture and interior design services for the project, and Layton Construction served as the general contractor. Totaling 371,000 square feet, the property features three buildings comprising 147,500; 135,240; and 88,500 square feet. Situated on 43 acres, the development will accommodate tenant occupancies ranging from 17,860 to 147,260 square feet. The buildings feature tilt-wall construction with 32-foot clear heights.

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DevelopmentIndustrialOfficeTexas

Reports: SpaceX to Open $100M Office, Industrial Facility in Brownsville, Texas

by Taylor Williams

BROWNSVILLE, TEXAS — SpaceX, the rocket and spacecraft production company owned by Elon Musk, will open a new office and industrial complex in the South Texas city of Brownsville, according to reports from multiple news outlets including Dallas Morning News and San Antonio Express-News. The former publication, citing a filing with the Texas Department of Licensing & Regulation, reports that the “Starbase Office” project carries a price tag of about $100 million and will be developed as an expansion of an existing industrial facility, with construction starting later this month. The latter reports that the facility will rise five stories and span approximately 330,000 square feet, with construction expected to last about a year.

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DevelopmentFloridaIndustrialSoutheast

Miller Construction Completes 199,643 SF Industrial Facility in Hollywood, Florida

by John Nelson

HOLLYWOOD, FLA. — Miller Construction Co. has completed a 199,643-square-foot warehouse for Seagis Property Group at 1700 Eller Drive in Hollywood, a South Florida city near Port Everglades in Fort Lauderdale. The load bearing, tilt-wall structure gives tenant access to Florida’s Turnpike, I-95 and I-595. The property features 54- by 50-foot bays, a 60-foot speed bay and 36-foot clear heights, as well as two spec office spaces. In addition to Miller Construction, the project team included Ware Malcomb Architects, MEP engineer Puga & Associates Inc., structural engineer DDA Engineers and civil engineer Langan Engineering.

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DevelopmentIndustrialSelf-StorageTexas

Bakke, Batson-Cook Break Ground on 987-Unit Self-Storage Facility in New Braunfels, Texas

by Taylor Williams

NEW BRAUNFELS, TEXAS — A partnership between San Antonio-based Bakke Development Corp. and Atlanta-based Batson-Cook Development Co. (BCDC) has broken ground on an 987-unit self-storage facility in New Braunfels, a northeastern suburb of San Antonio. The site along I-35 spans 1.8 acres, and the building will rise four stories and house 104,875 net rentable square feet of climate-controlled space. Project partners include Alamo Architects, civil engineer INK Civil, general contractor Independent Contractors and construction lender Frost Bank. Completion is slated for the first quarter of 2025. The project marks the fifth self-storage collaboration between Bakke and BCDC, with construction on the most recent project, a 762-unit facility in McAllen, beginning earlier this month.

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GeorgiaLeasing ActivityRetailSoutheast

Arhaus to Open New Store at Avenue Peachtree City in Metro Atlanta

by John Nelson

PEACHTREE CITY, GA. — Arhaus plans to open a new 7,085-square-foot Arhaus Studio store at The Avenue Peachtree City, an open-air shopping center in Peachtree City, a southern suburb of Atlanta. The new store is expected to open later this year between Souls by LT and fab’rik. Other tenants set to debut at The Avenue Peachtree City this year include HOBNOB Neighborhood Tavern, Warby Parker and 9292 Korean BBQ. Managed by JLL and owned by Poag, Avenue Peachtree City opened in 1999. Atlanta-based Cousins Properties developed the open-air center, along with other Avenue-branded properties in the metro Atlanta area.

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AcquisitionsMultifamilySeniors HousingTexas

Blueprint Arranges Sale of Two Skilled Nursing Facilities Totaling 320 Beds in East Texas

by Taylor Williams

TEXAS — Blueprint Healthcare Real Estate Advisors has arranged the sale of two skilled nursing facilities totaling 320 licensed beds in East Texas. The names of the properties, as well as the buyers and sellers were not disclosed. Giancarlo Riso, Amy Sitzman and Ryan Chase led the Blueprint team on the transaction. The deal closed via the buyer’s assumption of the seller’s outstanding loan, which carried an interest rate of 2.9 percent and a remaining term of over 25 years.

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AcquisitionsCaliforniaDevelopmentIndustrialWestern

Newmark Brokers $80M Sale of Industrial Building, Development Site in San Jose

by Hayden Spiess

SAN JOSE, CALIF. — Newmark has brokered the $80 million sale of a 19.7-acre development site located at 550 E. Brokaw in San Jose. The property includes a 293,906-square-foot building. Steven Golubchik, Edmund Najera, Jonathan Schaefler and Darren Hollak of Newmark represented the seller, Bay West Development, in the transaction. Supermicro Computers acquired the property, with plans to occupy the existing building and develop at the site. Phil Mahoney and Joe Kelly of Newmark assisted in the sale and manage leasing at the property, which Fry’s Electronics previously occupied. 

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Juniper-Square_Glendale-Ariz
Affordable HousingArizonaDevelopmentMultifamilySeniors HousingWestern

Dominium to Break Ground on Two Affordable Housing Communities Totaling 605 Units in Glendale, Arizona

by Hayden Spiess

GLENDALE, ARIZ. — Dominium is scheduled to break ground on two affordable housing communities in Glendale, roughly 10 miles northwest of Phoenix. Totaling 605 units, the apartment communities will be reserved for individuals earning 60 percent or less of the area median income (AMI). Juniper Square, a seniors housing community, will comprise 287,468 square feet and 221 apartments in one-, two- and three-bedroom floorplans. Amenities at the property will include a pool, courtyard, fire pits, a clubroom, fitness center, theater and salon. 67 Flats will span 875,141 square feet with 384 apartments in one-, two- and three-bedroom layouts. Amenities at the community will include a pool, playground, soccer field, courtyard, clubroom and fitness center. Juniper Square and 67 Flats are scheduled to open in the spring and summer of 2026, respectively. W.D. Construction, a joint venture between Weis Builders and Dominium Construction and Architectural Services, will serve as the general contractor. 

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