Property Type

Gillette to Invest Nearly $1B for New Headquarters in South Boston

by Kristin Harlow March 11, 2026

BOSTON — Shaving products company P&G Gillette has unveiled plans to purchase 232 A Street in South Boston as the future home of its nearly $1 billion Grooming Headquarters and Technical Innovation Center. The company is also expanding its Andover, Mass., manufacturing facility and redeveloping its 31-acre South Boston campus. The new headquarters announcement marks the single-largest investment made by Gillette in Boston, according to the company. The site is currently owned by Breakthrough Properties, a joint venture between Tishman Speyer and Bellco Capital. It is permitted for a 324,315-square-foot research-and-development facility with ground-floor retail space. Jonathan Varholak of CBRE led the brokerage team that facilitated the land sale. Gillette says the purchase of the site unlocks multiple project benefits agreed to when the site was permitted by Breakthrough Properties in 2024. Once complete, the project will contribute 1.5 acres of publicly accessible open space along the Fort Point Channel, including new sidewalks, bike lanes, a waterfront park and improvements to the South Boston Harborwalk. The parcel also includes monetary allocations for public art and shuttle services. “This new development will keep hundreds of high-tech research-and-development jobs in the city and serves as a testament to the strength of our …

March 11, 2026

Arkansas Development Hospitality Market Reports Southeast Southeast Market Reports

By Flipping the Script on Value Engineering, AI ‘Saves’ Arkansas Hotel Project

by John Nelson March 11, 2026

How did The Fay hotel in Fayetteville, Ark., save $500,000 mid-construction? How are other apartment, office and mixed-use developments doing the same, across the construction cycle? Developers are increasingly turning to artificial intelligence (AI) to flip the script on the challenge of value engineering that often dumbs-down original design plans. Value engineering is almost a constant in the business: A project is designed and priced during the feasibility and entitlement stage but three, four or five years later when construction starts, prices have jumped while the budget is the same. And prices go up for many reasons, such as materials costs, labor costs or regulatory issues — even for import tariffs, as we’ve seen the past year. But maybe we’re blaming the wrong culprit in giving “value engineering” a negative connotation.Now it’s time for the procurement process to take its turn in preserving value and design. Saving despite tariffsProactive procurement led to a half-million-dollar savings for real estate investor/developer Dwellist at its Fayetteville project. Dwellist is transforming a decades-old motel near the University of Arkansas into The Fay, its first Motelier-branded property, a full adaptive-reuse. Recently, materials ordering was running into cost-overruns that risked putting the overall project over budget. …

March 11, 2026

Acquisitions Multifamily Texas

Atlantic Pacific Acquires 314-Unit Reserve at Canyon Creek Apartments in San Antonio

by Taylor Williams March 10, 2026

SAN ANTONIO — An affiliate of Miami-based investment firm Atlantic Pacific Cos. has acquired Reserve at Canyon Creek, a 314-unit apartment community in San Antonio. Reserve at Canyon Creek is located on the city’s northwest side and offers one-, two- and three-bedroom units that range in size from 676 to 1,657 square feet. Amenities include a pool, fitness center, resident clubhouse and a pet park. The new ownership plans to implement a multimillion-dollar renovation program that will upgrade unit interiors, enhance amenity spaces and deliver exterior building improvements. The seller and sales price were not disclosed.

March 10, 2026

Acquisitions Multifamily Texas

Eastham Capital Sells 248-Unit Stone Ridge Apartments in Texas City, Texas

by Taylor Williams March 10, 2026

TEXAS CITY, TEXAS — Florida-based real estate private equity firm Eastham Capital has sold Stone Ridge, a 248-unit apartment complex in Texas City, a southeastern suburb of Houston. The property offers one- and two-bedroom units with an average size of 446 square feet. Amenities include a pool, clubhouse, fitness center and a basketball court. Eastham acquired the property in 2018 in a joint venture with Mosaic Residential and subsequently implemented capital improvements. The buyer and sales price were not disclosed.

March 10, 2026

Acquisitions Multifamily Texas

JLL Brokers Sale of 172-Unit Apartment Complex in Boerne, Texas

by Taylor Williams March 10, 2026

BOERNE, TEXAS — JLL has brokered the sale of Oxbow Hill Country, a 172-unit apartment complex in Boerne, located northwest of San Antonio. Built on 6.8 acres in 2003, the nine-building property offers one-, two- and three-bedroom units and amenities such as a pool, fitness center, dog park and outdoor grilling and dining stations. Robert Wooten, Robert Arzola and Ryan McBride of JLL represented the seller, California-based Brixton Capital, in the transaction. The buyer was Steadfast Cos.

March 10, 2026

Leasing Activity Office Texas

U.S. LawShield Signs 16,071 SF Office Lease at East River in Houston

by Taylor Williams March 10, 2026

HOUSTON — U.S. LawShield has signed a 16,071-square-foot office lease at East River, a 150-acre mixed-use project in Houston’s Historic Fifth Ward. The national legal defense membership program will occupy the entire fifth floor of Building C. Amanda Nebel and Eric Seigrist of Cushman & Wakefield represented the landlord, Midway, in the lease negotiations. Hugh Herman, also with Cushman & Wakefield, represented U.S. LawShield.

March 10, 2026

Acquisitions District of Columbia Office Southeast

Stream Realty Arranges $52.5M Sale of Watergate 600 Office Building in D.C.

by John Nelson March 10, 2026

WASHINGTON, D.C. — Stream Realty Partners has arranged the sale of Watergate 600, a 12-story, 316,000-square-foot office building located at 600 New Hampshire Ave. N.W. in Washington, D.C.’s East End district. The buyer and sales price were not disclosed, but the Washington Business Journal reports that an affiliate of locally based Jetset Hospitality purchased the building for $52.5 million. Elme Communities, formerly known as Washington Real Estate Investment Trust, sold the property amid liquidating all of its assets and dissolving its business, according to the Washington Business Journal. Matt Pacinelli, Charlie Smiroldo and Lukas Stanat of Stream Realty represented Jetset in the transaction, while JLL represented the seller. The new owner has tapped Pacinelli, along with Tim McCarty, John Klinke and Josh McDonald of Stream Realty, to handle leasing at Watergate 600, which has a 125,000-square-foot top-block office space available. Amenities at the waterfront office building include a wraparound terrace on the seventh floor offering views of the Potomac River, a new lobby designed by LSM, new conference and event facilities, a modern fitness center and newly updated windows and elevators.

March 10, 2026

Acquisitions Life Sciences North Carolina Southeast

Foxfield Acquires New Life Sciences Facility in Metro Raleigh Leased to Kryosphere

by John Nelson March 10, 2026

MORRISVILLE, N.C. — Foxfield has purchased 3503 Page Road, a newly built, 57,000-square-foot life sciences building located in Morrisville, about 14 miles west of Raleigh. The seller and sales price were not disclosed. Kryosphere, a biorepository solutions and cold chain logistics user, operates the facility under a 12-year net lease. The company has invested $5 million into the specialized build-out for pharmaceutical-grade cold storage infrastructure, with plans for an additional $5 million investment for equipment upgrades, according to Foxfield. Built in 2025, 3503 Page Road is situated within the World Trade Park industrial park and offers direct connectivity to I-40, I-540 and Raleigh-Durham International Airport. The building features industrial space, lab support and research-and-development space, as well as 24-foot clear heights.

March 10, 2026

Acquisitions Georgia Retail Southeast

Sands Investment Group Brokers $23.4M Sale of Kroger-Anchored Center in Metro Atlanta

by John Nelson March 10, 2026

LAWRENCEVILLE, GA. — Sands Investment Group has brokered the $23.4 million sale of River Exchange Shopping Center, a 273,023-square-foot, Kroger-anchored shopping center located in Lawrenceville, roughly 30 miles northeast of downtown Atlanta. Liam Rowan and Tyler Baughman of Sands represented the seller, a joint venture between BASH Capital, Dragonfly Investments and Baltimore-based America’s Realty LLC, and the buyer, an entity doing business as Vishal River Exchange LLC, in the transaction. SouthState Bank provided acquisition financing. River Exchange was 80 percent leased at the time of sale to tenants including Goodwill, ReStore, Citi Trends, Cato Fashions, Farmers Furniture, Subway, Riverside Pizza and Cosmetic Dental.

March 10, 2026

Development Florida Leasing Activity Office Southeast

Benderson Launches Redevelopment of 300,000 SF Downtown Tampa Office Building

by John Nelson March 10, 2026

TAMPA, FLA. — Benderson Development has begun the transformation of 702 North Franklin Street, a 300,000-square-foot office building in downtown Tampa. The nine-story property was formerly the longtime corporate headquarters building for Tampa Electric (TECO) and Peoples Gas. Benderson has tapped CBRE to lease and market the building’s office space, while Benderson will lease the property’s 20,000 square feet of ground-level retail space. The renovations will include extensive work on the building’s façade, including new signage opportunities for future tenants, as well as interior upgrades.

March 10, 2026

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