Southeast

Cushman & Wakefield Brokers $87M Sale of Apartment Community in Augusta

by John Nelson July 6, 2026

AUGUSTA, GA. — Cushman & Wakefield has brokered the $87 million sale of Mason Augusta, a 462-unit apartment community located at 101 Pine Forest Road in Augusta. Taylor Bird, Robert Stickel, Alex Brown, Nelson Abels and Laura Aylor of Cushman & Wakefield’s Sunbelt Multifamily Advisory Group represented the seller, Waypoint Residential, in the transaction. The buyer was Southwood Realty Co. Mason Augusta was developed in two phases in 2022 and 2024 and was 95 percent occupied at the time of sale. The property includes a mix of one-, two- and three-bedroom apartments ranging in size from 685 to 1,321 square feet, as well as a fitness center with yoga and spin studio, resort-style pools with sundecks and tanning ledges, clubhouse with e-lounge and coffee bar, game room, business center and a dining and lounge terrace with outdoor fireplace. Other amenities at Mason Augusta include an automated parcel system, dog park and indoor pet spa, garages and outdoor gathering spaces with grilling kitchens and fire pits.

July 6, 2026

Development Florida Office Southeast

Partnership to Develop 131,000 SF Office Building in Boca Raton, Florida

by John Nelson July 6, 2026

BOCA RATON, FLA. — A partnership between Butters Construction & Development Inc., PEBB Enterprises and Konsker Development plans to develop One Midtown, a 131,000-square-foot office building in Boca Raton’s Midtown submarket. The property will comprise 120,000 square feet of Class A office space and 11,000 square feet of ground-level retail space. The developers say that One Midtown is approximately 35 percent preleased. Christina Jolley, Kevin Carrasco, Tere Blanca and Danet Linares of Blanca Commercial Real Estate are the office leasing representatives, and Zach Feldman of PEBB is overseeing retail leasing on behalf of ownership. The construction timeline for the project was not released.

July 6, 2026

Development Georgia Southeast Student Housing

CCI Begins Leasing 740 Techwood Student Housing Development Near Georgia Tech

by John Nelson July 6, 2026

ATLANTA — CCI Real Estate has begun leasing 740 Techwood, a 95-bed student housing development located near the Georgia Tech campus in Atlanta. CCI is developing the property in partnership with the Georgia Baptist Mission Board that will replace an existing Baptist Collegiate Ministries (BCM) building located at 740 Techwood Drive. CCI obtained $18 million in construction financing last year for the project. The 64,000-square-foot development will rise five stories and offer 55 fully furnished units in studio, one- and two-bedroom configurations. Shared amenities will include an onsite coffee shop, study lounges, study areas and an outdoor private courtyard with a fire pit. The development team for the project includes general contractor True North Cos. Completion is expected ahead of Georgia Tech’s 2027-2028 academic year.

July 6, 2026

District of Columbia Southeast

BLS: U.S. Economy Adds 57,000 Jobs in June, Falling Short of Expectations

by John Nelson July 6, 2026

WASHINGTON, D.C. — The U.S. economy added 57,000 jobs in June, according to the U.S. Bureau of Labor Statistics (BLS). The figure is in line with the +36,000 monthly jobs added on average over the past 12 months but well short of May’s job total — which the BLS downwardly revised from 172,000 to 129,000 — as well as the 115,000 jobs forecasted by Dow Jones economists, according to CNBC. The BLS also revised April’s job gains from 179,000 to 148,000, making the employment in April and May combined 74,000 fewer jobs than previously reported. Additionally, the U.S. unemployment rate fell to 4.2 percent. Among employment sectors, professional and business services added the most net new jobs in June (+36,000). The industry has added 172,000 jobs since a recent low in October 2025, according to the BLS. Social assistance added 25,000 jobs in June, which is above its monthly average of 16,000 jobs over the past 12 months, while healthcare continued to add jobs (+22,000) but at a slower clip than its 12-month average (+38,000). Leisure and hospitality employment declined by 61,000 in June, which the BLS attributes to “weaker than usual seasonal hiring” in the sector. Employment showed little …

July 6, 2026

Florida Industrial Market Reports Southeast Southeast Market Reports

Southwest Florida’s Industrial Market Is Primed for a Surge

by John Nelson July 6, 2026

When it comes to the Florida commercial real estate market, the conversation typically gravitates toward the larger metro areas. However, for those of us on the ground, it’s clear that Southwest Florida is becoming a key player in the state, particularly for industrial users. By nearly every measurable standard — population growth, job creation and infrastructure investment — Southwest Florida continues to outperform much of the United States. Industrial users and investors have taken notice, and so far in 2026, leasing activity has already outpaced all quarters in 2025. According to the latest Colliers market report, the market has absorbed 115,777 square feet of flex and industrial space in the first quarter alone, compared to fourth-quarter 2025 which saw (-189,303 square feet) of negative absorption. This is due to pent-up demand from users taking a cautious “wait-and-see” approach last year. And while the factors preventing them from making decisions in 2025 still exist, the sheer necessity of a physical presence in the area has finally outweighed the perceived risks. ‘Supply reset’ On paper, the data might give pause. Overall vacancy in Southwest Florida rose to 9.7 percent in first-quarter 2026, a sharp departure from the 7.2 percent we saw just …

July 6, 2026

Development Florida Healthcare Southeast

Jackson Health Completes $400M Emergency Room Expansion in Miami

by Abby Cox July 2, 2026

MIAMI — Jackson Health System has completed the first phase of the $400 million renovation and expansion of its emergency room at Jackson Memorial Hospital in Miami. The newly built, ground-up emergency room has doubled its original footprint, which now spans 178,000 square feet. Designed by HKS and built by Skanska, the project included the demolition of two existing buildings to create space for the expanded facility. Phase I of the renovation features 60 general exam rooms, four resuscitation rooms, six triage and 12 fast-track rooms, along with a second floor that comprises 50 observation rooms and seven acute care rooms. Patients also now have access to a full radiology suite with MRI, CT, X-ray and ultrasound capabilities, as well as an on-site pharmacy for immediate delivery of medications. Phase II of the project will continue to expand the existing 45,000-square-foot emergency room with 121 adult emergency rooms, dedicated behavioral health bays and 30 pediatric emergency rooms. Renovations are underway and scheduled for completion in 2027. Lastly, Phase III will further expand the emergency room through the addition of a third floor with more clinical space and a helipad for rapid transfers and life-saving arrivals.

July 2, 2026

District of Columbia Loans Multifamily Southeast

PCCP Provides $61.3M Loan to Refinance 287-Unit Apartment Community in Washington, D.C.

by Abby Cox July 2, 2026

WASHINGTON, D.C. — PCCP has provided a $61.3 million loan to refinance Parc Riverside East, a 287-unit luxury apartment community located in the Navy Yard neighborhood of Washington, D.C. PGIM and Kennedy Wilson were the borrowers. Built in 2014, Parc Riverside East spans 13 stories and features a range of floorplans including studio, one-bedroom and two-bedroom configurations. Amenities at the property include a fitness center; rooftop swimming pool with sun decks and panoramic views; courtyard spaces with lounge seating; fire pits; grills; bocce courts; a clubroom with private dining and an entertainment kitchen; a pet salon; and a lobby.

July 2, 2026

Development Florida Industrial Southeast

DSI, Karis Break Ground on Final Phase of Speedway Commerce Center in Daytona Beach, Florida

by Abby Cox July 2, 2026

Daytona Beach, Fla. — Development Solutions Inc., in partnership with Karis and the City of Daytona Beach, has broken ground on the final phase of Speedway Commerce Center, an 808,693-square-foot industrial development underway in Daytona Beach. Designed by Lamar Johnson Collaborative (LJC) and constructed by DSI South, Building III will support the needs of logistics, distribution, manufacturing and e-commerce users. Building III will comprise 217,603 square feet and will feature 36-foot clear heights; 32 dock doors and two drive-in doors; 210 car parking spaces and 33 trailer stalls; an ESFR sprinkler system; and the ability to accommodate more than 20,000 square feet of office space and four tenants. The building is expected for delivery in the fourth quarter of 2026.

July 2, 2026

Acquisitions Florida Multifamily Southeast

American Landmark Acquires Two Multifamily Communities in Jacksonville, Florida

by Abby Cox July 2, 2026

JACKSONVILLE, FLA. — American Landmark Properties has acquired two multifamily communities totaling 552 units in Jacksonville. The adjacent properties include Mirador Apartments at River City and Stovall Apartments at River City, which will be rebranded as a singular property, dubbed Levi at River City. The seller and sales price were not disclosed. Built in 2007, Levi at River City offers a mix of one-, two- and three-bedroom apartments that feature fully equipped kitchens, private patios or balconies, and in-unit washers and dryers. Amenities include resort-style swimming pools, a fitness center, clubhouse, business center, community playground and controlled-access entry.

July 2, 2026

Development Multifamily Office Southeast Virginia

Gilbane Development Breaks Ground on Office-to-Residential Conversion Project in Arlington, Virginia

by Abby Cox July 1, 2026

ARLINGTON, VA. — Gilbane Development has begun the conversion of a six-story, 121,200-square-foot vacant office building at 3601 Wilson Blvd. in Arlington’s Virginia Square neighborhood. Dubbed Renley, the redevelopment will deliver 94 multifamily units in one- through three-bedroom configurations. Situated adjacent to the Virginia Square-GMU Metro station, Renley is one of the first projects to leverage Arlington County’s updated adaptive reuse policy, which was adopted in November 2024. The policy was designed to streamline office-to-residential conversions and create incentives for developers to bring underutilized office buildings “back to life.” Renley is targeted for completion in April 2027. Gilbane Development originally acquired the property in March 2025. The redevelopment plan will preserve the building’s exterior, while updating the entire interior. Resident amenities will include a wellness center, coworking spaces, lounges, gathering areas and tenant storage on every floor. Renley will also offer 5,637 square feet of ground-floor retail space and 207 parking spaces located in an underground garage.

July 1, 2026

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