Southeast

Moss Begins Construction on $175M Dunes Fort Lauderdale Hotel

by John Nelson August 14, 2025

FORT LAUDERDALE, FLA. — Moss has begun construction on The Dunes Fort Lauderdale, an Autograph Collection Hotel. Moss is constructing the $175 million hotel on behalf of the developer, G. Holdings Group, and the operator, Marriott International. The 205-room, 16-story hotel will be located at 441 S. Fort Lauderdale Beach Blvd. and represents the first Autograph Collection hotel in the city. Designed by FSMY Architects & Planners with interiors by Studio Munge, The Dunes will feature an ocean-facing restaurant, mezzanine-level event venue, third-floor pool and bar deck, rooftop bar and dining venue and a valet-operated subterranean parking garage. The construction timeline for the hotel was not released.

August 14, 2025

Development Multifamily Southeast Virginia

Middleburg, Capital City to Develop 260-Unit Apartment Community in Fairfax, Virginia

by John Nelson August 14, 2025

FAIRFAX, VA. — Middleburg and Capital City Real Estate have formed a partnership to develop The Botanist, a 260-unit, seven-story luxury apartment community located at 10350 Eaton Place in Fairfax, about 19 miles west of Washington, D.C. The co-developers recently acquired the 3-acre site and secured construction financing. Designed to achieve Green Globe certification, The Botanist will offer apartments ranging from junior one-bedroom to three-bedroom floorplans. Amenities will include a resort-style pool, fitness center, coworking spaces, ground-floor retail space and an integrated parking garage. Middleburg and Capital City plan to break ground immediately and deliver The Botanist in third-quarter 2027.

August 14, 2025

Development Florida Seniors Housing Southeast

Lifespace Breaks Ground on $49M Expansion Project for Seniors Housing Community in South Florida

by John Nelson August 14, 2025

DELRAY BEACH, FLA. — Lifespace Communities has broken ground on a $49 million expansion project at Harbour’s Edge, a senior living community in Delray Beach, a city in South Florida’s Palm Beach County. Upon completion, the expansion will add 24 assisted living apartments and 16 memory care apartments to the property, as well as new amenities. These planned additions include a garden with a walking path, third-floor terrace for assisted living residents, spa, bar, wellness gym, dedicated dining rooms, kitchens and activity spaces. Lifespace, a nonprofit organization that owns and operates 15 seniors housing properties across seven states, plans to begin construction on the expansion next week.

August 14, 2025

Acquisitions Healthcare Maryland Southeast

CBRE Arranges Sale of 55,598 SF Medical Outpatient Building in Laurel, Maryland

by John Nelson August 14, 2025

LAUREL, MD. — CBRE has arranged the sale of a 55,598-square-foot medical outpatient building located at 7140 Contee Road in Laurel, about 22 miles northeast of Washington, D.C. Catalyst Healthcare Real Estate sold the property, which is anchored by the University of Maryland Medical System and the University of Maryland Faculty Physicians, to UDLR Partners, a joint venture between GI Partners and former executives from Healthcare Trust of America. Chris Bodnar, Brannan Knott, Mindy Berman, Zack Holderman, Cole Reethof, Jesse Greshin and Tim Connolly of CBRE represented the seller in the transaction. The sales price was not disclosed. Delivered in spring 2024, the medical outpatient building is located on the campus of the University of Maryland Laurel Medical Center. Both properties were constructed on a parallel timeline, marking the completion of Phase I of a health and wellness destination campus.

August 14, 2025

Georgia Leasing Activity Retail Southeast

FNRP Opens 22,000 SF Ross Dress for Less Store at McAlpin Square in Savannah

by John Nelson August 14, 2025

SAVANNAH, GA. — First National Realty Partners (FNRP) has opened a new 22,000-square-foot Ross Dress for Less store at McAlpin Square in Savannah. The 169,690-square-foot shopping center is located at 1900 E. Victory Drive and is anchored by Kroger. Other tenants include Goodwill and the U.S. Postal Service. Ross Dress for Less is backfilling a former Big Lots store following the latter retailer’s Chapter 11 filing. With the new store, McAlpin Square is 95 percent occupied.

August 14, 2025

Development Georgia Mixed-Use Multifamily Retail Southeast

Northwood Ravin to Develop 370-Unit Halo Apartments in Decatur, Georgia

by John Nelson August 13, 2025

DECATUR, GA. — Northwood Ravin plans to develop Halo, a 370-unit luxury apartment community in Decatur. The Charlotte-based developer plans to deliver first units next April and fully finish the five-story development by January 2027. Situated in the city’s East Decatur neighborhood, Halo will offer a mix of one-, two- and three-bedroom apartments, as well as retail and plaza space and live-work units with street-level entrances. Northwood Ravin is partnering with Eric Carlton of Oakhurst Realty Partners on the retail tenant mix. The first confirmed retail tenant is Galore Market, a neighborhood market concept from the creators of O4W Market near Krog Street Market. Planned amenities at Halo include a rooftop pool, more than 3,000 square feet of fitness space, including a private yoga studio and exercise room, gaming lawn, pergola with covered seating, outdoor movie projector, fire pit, a hidden bar with full service and surprise cocktail events, sports bar, golf simulator, pet spa and a community coworking club with an embedded coffee shop.

August 13, 2025

Acquisitions North Carolina Retail South Carolina Southeast

IPA Arranges Portfolio Sale of Five Food Lion-Anchored Shopping Centers in the Carolinas

by John Nelson August 13, 2025

RALEIGH, N.C. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of a five-property portfolio of Food Lion-anchored shopping centers in the Carolinas. The assets span 248,030 square feet and include College Lakes Plaza in Fayetteville, N.C.; Eden Centre in Eden, N.C.; Kimberly Park in Carthage, N.C.; Kris Krossing in Conway, S.C.; and West Pointe Village Asheboro, N.C. Raleigh-based Genesis Properties purchased the portfolio from Richmond-based Capital Square for an undisclosed price. Dean Zang and David Crotts of IPA, along with Zach Taylor of Marcus & Millichap, represented the seller and procured the buyer in the transaction. Ben Yelm and Donald Gilchrist served as Marcus & Millichap’s brokers of record in South Carolina and North Carolina, respectively, in the deal.

August 13, 2025

Development Industrial Maryland Southeast

Logistics Property Co. Breaks Ground on 270,000 SF Industrial Development in Beltsville, Maryland

by John Nelson August 13, 2025

BELTSVILLE, MD. — Logistics Property Co. (LogiPropCo) has broken ground on Beltsville Logistics Center, a two-building, 270,000-square-foot industrial development in the Washington, D.C., suburb of Beltsville. The property is situated on Md. Route 200 and has immediate access to I-95. Building 1 at Beltsville Logistics Center will total 147,358 square feet and Building 2 will total 122,606 square feet. Both buildings will feature 32-foot clear heights, ample dock doors and auto parking spaces. The design-build team includes FCL Builders (general contractor), Powers Brown Architecture (architect), LJB Engineering (structural engineer) and Salas O’Brien (MEP engineer). LogiPropCo expects to deliver the development in third-quarter 2026.

August 13, 2025

Acquisitions Florida Industrial Southeast

Buligo Capital Acquires Sarasota Industrial Business Center for $27.4M

by John Nelson August 13, 2025

SARASOTA, FLA. — Buligo Capital has purchased Sarasota Industrial Business Center in southwest Florida for $27.4 million. The park includes five industrial parcels totaling over 186,650 square feet of shallow-bay industrial space, as well as 1.1 acres of industrial outdoor storage (IOS) and laydown yard. Nick DeVito II and Brie Tulp of Ian Black Real Estate represented the seller, GBA Holdings, a joint venture between Biscayne Atlantic and Genet Property Group, in the transaction. The brokers also procured the undisclosed buyer. Biscayne Atlantic purchased the park in 2023 and invested $1.3 million in capital improvements. Sarasota Industrial Business Center, which is located on Industrial Boulevard with access to U.S. Route 301 and I-75, was 85 percent leased at the time of sale.

August 13, 2025

Acquisitions Hospitality Southeast Tennessee

Hunter Brokers Sale of 195-Room Crowne Plaza Hotel in Downtown Knoxville

by John Nelson August 13, 2025

KNOXVILLE, TENN. — Atlanta-based Hunter Hotel Advisors has brokered the sale of Crowne Plaza Knoxville Downtown University, a 195-room hotel located in downtown Knoxville. The property is situated near the Tennessee Valley Authority headquarters and Market Square and within walking distance to the University of Tennessee. Crowne Plaza features more than 15,000 square feet of meeting space, an indoor pool, business center, fitness center and Mahogany’s, a full-service restaurant. Local hotel owner, The 9 Group, purchased the property from a private seller for an undisclosed amount. Tim Osborne of Hunter’s Chattanooga office brokered the transaction.

August 13, 2025

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