Property Type

Salem Township Approves 4,466-Acre Data Center Overlay District in Northeast Pennsylvania

by Taylor Williams November 2, 2026

SALEM TOWNSHIP, PA. — The Salem Township Board of Supervisors has approved a 4,466-acre data center overlay district in northeastern Pennsylvania. The vote represents another cleared hurdle to bringing an energy and digital infrastructure campus with a total power capacity of 4 gigawatts to Luzerne County. The approval follows the Salem Township Planning Commission’s unanimous recommendation that 194 local families continue to pursue a potential $1.4 billion land sale involving nearly 4,500 acres of working and retired farms, family homesteads and other properties. That acreage would become the future home of the data center campus known as Salem 3. Under the currently proposed terms, the campus would also feature other uses, including a $12 million micro hospital and a community park, in addition to other natural green spaces that would be preserved. Construction could support as many as 2,000 new jobs. According to 4-3 Glennbrook Group, a landowner advocacy group that is representing the 194 families, the plan for Salem 3 builds on the township’s longstanding role as an energy-producing community, pairing existing energy infrastructure with a new generation of data center and digital infrastructure investment. The 4-3 Glennbrook Group team also handled the land assemblage for the existing Salem …

November 2, 2026

Industrial Louisiana Market Reports Southeast Southeast Market Reports

Louisiana’s Industrial Market Looks Past Constraints Toward Mega Projects

by John Nelson November 2, 2026

Supply constraint has been the story of the greater New Orleans industrial market for the past seven to 10 years. Institutional capital is reluctant to develop new projects in smaller markets, despite national demand trends. In 2026, it seems as if the story is being rewritten by science fiction writers who are focused on a future of AI and space travel. In the near term, brokers and owners still face limited Class A inventory and single-digit vacancy rates. The longer view shows Louisiana’s natural resources attracting significant investment, including SpaceX’s Starbase, Louisiana in Vermilion Parish, North Louisiana’s hyperscaler data center build-out and river corridor manufacturing and port milestones driving logistics, contractor and staging demand across South Louisiana. National trends of high borrowing costs, elevated construction pricing and high insurance premiums continue to keep speculative builds rare and expansions slow. Triple-net rental rates are in the range of $8 to $12 per foot across South Louisiana markets, with newer product easily garnering the higher end of the scale as tenants have few modern options as only a handful of developers have been willing to invest capital to build speculatively in these markets to take advantage of the supply/demand disconnect. Against …

November 2, 2026

Development Georgia Mixed-Use Southeast

Toro Development Opens $560M Medley Mixed-Use Destination in Johns Creek, Georgia

by John Nelson October 30, 2026

JOHNS CREEK, GA. — Toro Development Co., a locally based development firm led by Mark Toro, has officially opened Medley, a $560 million mixed-use campus in Johns Creek, a northern suburb of Atlanta in Fulton County. Toro Development held a grand opening ceremony on Thursday, Oct. 29 for the 43-acre project, which culminated in the opening of 25 new restaurants and retailers, including Trader Joe’s, Shake Shack, Sephora, BODYROK, Kontour Med Spa, Five Daughters Bakery, Summit Coffee, Hollow Oak, Drybar and Petfolk, among others. Additionally, Medley’s office component (112,000 square feet) was built on a speculative basis but opened fully leased to tenants including Boehringer Ingelheim (73,000 square feet for its U.S. Animal Health headquarters), Brightree (17,751 square feet) and an unnamed tenant. Stream Realty Partners is leasing the office space on behalf of Toro Development, and Cushman & Wakefield represented Boehringer Ingelheim and Brightree in their lease negotiations. Medley was formerly a suburban office campus for State Farm Insurance, which relocated away from the site in 2013. In addition to offices, shops and restaurants, Medley will feature 881 luxury residences, featuring for-sale townhomes and apartments; a 25,000-square-foot plaza; and a 150-room boutique hotel set to open in 2028 that …

October 30, 2026

Development Loans Multifamily North Carolina Southeast

CBRE Arranges $81M Construction Loan for Multifamily Development in Charlotte

by John Nelson October 30, 2026

CHARLOTTE, N.C. — CBRE has arranged an $81 million construction loan for Sutherland at Piper Glen, a 299-unit apartment development located at 9621 Elm Lane in Charlotte’s Piper Glen neighborhood. Nate Sittema, Kristen Reilley and Elliott Voreis of CBRE’s Debt & Structured Finance team arranged the financing through Western-Southern Life Insurance Co. on behalf of the borrower, a consortium of investors led by the developer, RK Investors. The community will feature four five-story apartment buildings atop structured parking. Planned amenities include a fitness center, bike storage, coworking spaces, golf simulator, game room, swimming pool, fire pit, grilling areas, pet wash station and a coffee bar. The development team plans to launch leasing for Sutherland at Piper Glen next fall, with first units scheduled for delivery in March 2028. The property will be the multifamily component of Greenway at Piper Glen, a master-planned development by RK Investors.

October 30, 2026

Acquisitions Alabama Retail Southeast

JLL Negotiates $32.5M Sale of Power Retail Center in Birmingham

by John Nelson October 30, 2026

BIRMINGHAM, ALA. — JLL has negotiated the $32.5 million sale of the second phase of Village at Lee Branch, a power retail center located at 1201 Doug Baker Blvd. in Birmingham. Brad Buchanan, Jim Hamilton and Anton Serafini of JLL represented the seller, Atlanta-based Cygnus Capital, in the transaction. The buyer was Richmond-based Hackney Real Estate Partners. Situated in Birmingham’s Meadowbrook submarket along U.S. Highway 280, Village at Lee Branch was 83 percent leased at the time of sale to tenants including Onelife Fitness, Hobby Lobby and Dollar Tree. The property sits adjacent to the first phase of Village at Lee Branch, which is anchored by Publix.

October 30, 2026

Acquisitions Louisiana Retail Southeast

Matthews Brokers Sale of Magnolia Marketplace Shopping Center in New Orleans

by John Nelson October 30, 2026

NEW ORLEANS — Matthews has brokered the sale of Magnolia Marketplace, a 115,281-square-foot shopping center located at 2900 S. Claiborne Ave. in New Orleans. Pierce Mayson, Kyle Stonis and Boris Shilkrot of Matthews represented the locally based seller, Stirling Properties, and sourced the buyer, Agree Realty. The sales price was not disclosed, but the deal marks the highest sales price for a retail property sold within New Orleans’ Mid-City/Central City submarket within the past 10 years, according to data from CoStar Group. Built in 2015 by Stirling, Magnolia Marketplace was fully leased at the time of sale to tenants including Ross Dress for Less, T.J. Maxx, Michaels, Five Below, PetSmart and Ulta Beauty. Stirling is retaining ownership of an outparcel at the center leased to Raising Cane’s.

October 30, 2026

Acquisitions Industrial Texas

SEG Solar Acquires Two Manufacturing Buildings Totaling 1.1 MSF in Tomball, Texas

by Taylor Williams October 30, 2026

TOMBALL, TEXAS —SEG Solar has acquired two manufacturing buildings totaling roughly 1.1 million square feet within Northwest 99 Business Park in Tomball, a northwestern suburb of Houston. Building 2 totals 450,320 square feet and is under construction as a planned conversion into an additional solar module manufacturing facility. Building 3 totals 704,080 square feet and is also under construction to support the company’s distribution operations. Jon Lindenberger and Barkley Peschel of Colliers represented SEG Solar, which previously purchased the 425,360-square-foot Building 1 within the park in 2025, in both transactions. Clay Development owns Northwest 99 Business Park.

October 30, 2026

Development Multifamily Texas

Alliance Residential Underway on 388-Unit Multifamily Project in Spring, Texas

by Taylor Williams October 30, 2026

SPRING, TEXAS — Alliance Residential is underway on construction of Broadstone Gosling Oaks, a 388-unit multifamily project in the northern Houston suburb of Spring. The site spans 14.6 acres within the Gosling Oaks mixed-use development, which is owned by Newman Commercial Real Estate. Information on floor plans was not disclosed, but the community will be pet-friendly, and units will be furnished with individual washers and dryers. Amenities will include a pool, fitness center and a business center. The first units are expected to be available for occupancy before the end of the year.

October 30, 2026

Development Multifamily Texas

Realty Capital Breaks Ground on 289-Unit Apartment Complex in Granbury, Texas

by Taylor Williams October 30, 2026

GRANBURY, TEXAS —The multifamily arm of local developer Realty Capital has broken ground on Lofts at Lakeview, a 289-unit apartment complex that will be located in Granbury, about 40 miles southwest of Fort Worth. The property will offer one-, two- and three-bedroom across four buildings. Amenities will include a pool, fitness center, resident clubhouse, coworking space, a sky lounge and outdoor grilling and dining stations. Origin Bank is financing construction of the project, which is slated for an early 2028 completion.

October 30, 2026

California Development Multifamily Western

Lewis Apartments Opens 208-Unit Community in West Sacramento

by Amy Works October 30, 2026

WEST SACRAMENTO, CALF. — Lewis Apartments, the multifamily development and management arm of Upland, Calif.-based Lewis Group of Cos., has completed and opened Independence, a 208-unit rental townhome community in the Southport area of West Sacramento. The community comprises two- and three-bedroom units ranging from approximately 1,176 to 1,722 square feet, with private entrances, direct-access one- and two-car garages and private outdoor living spaces. Amenities include a heated pool and a hot tub area with cabanas, a 24-hour fitness center, pickleball courts, outdoor barbecue and gathering areas, a fire table, dog park and spa, package lockers and a borrow-a-bike program. Independence in West Sacramento is Lewis’ second Independence-branded development in Northern California, following on the heels of Independence in Dixon, which opened in 2025. Lewis plans to expand the Independence concept to additional Northern California markets, with future communities planned in Folsom, Vacaville, Fairfield, Newark and other locations.

October 30, 2026

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