Southeast

Frampton Completes First Phase of 1.5 MSF Race Track Logistics Pompano Industrial Park in South Florida

by Abby Cox May 8, 2026

POMPANO BEACH, FLA. — Frampton Construction has completed the first phase of Race Track Logistics Pompano, a 1.5 million-square-foot industrial development underway in Pompano Beach. Developed by Boston-based Rockpoint Group and designed by Ware Malcomb, Phase I of the project included the vertical construction of four buildings totaling 620,738 square feet. The 87-acre site is situated within the master plan of The Pomp, a $2 billion, 223-acre mixed-use campus that is anchored by the Harrah’s Pompano Beach Casino, Topgolf. Race Track Logistics Pompano features two-story glass storefronts, specialized exterior design elements, expansive landscaping and a TPO roofing system. The LEED-certified project, which is now welcoming its first tenants, offers a mix of custom spaces and speculative office suites that support a range of logistics and distribution users. CBRE is handling leasing for the development.

May 8, 2026

Acquisitions Florida Healthcare Industrial Office Retail Southeast

Colliers Brokers $35M Sale of Five-Property Mixed-Use Portfolio on Florida’s Space Coast

by Abby Cox May 8, 2026

MELBOURNE, FLA. — Colliers has brokered the $35 million sale of a five-property portfolio totaling more than 294,000 square feet of office, industrial, retail and medical office space in Melbourne, a city on Florida’s Space Coast. The portfolio, dubbed the Florida Space Coast Investment Portfolio, featured multiple transactions between August 2025 and April 2026. Melbourne Corporate Center, a 33,623-square-foot office building that is fully leased to aerospace engineering firm Aeronix, sold for $3.1 million. Hibiscus Professional Center, which sold for $2.5million, totals 26,300 square feet and is leased to National Drug Screening, Benezra Gynecology and Hanger Prosthetics. Imperial Plaza, a 107,000-square-foot office and retail center, sold for $12.2 million and is occupied by tenants such as the Department of State, FBI and DCAA, Stifel and Fiesta Azteca. Centre at Suntree, an 82,172-square-foot retail and medical property, sold for $12.3 million and is home to Premier Urgent Care, Moon Golf and Huntington Learning Center. Lastly, Rivercrest Professional Center, a 45,475-square-foot office and flex property, sold for $5 million and is occupied by Health First and Cape Canaveral Hospital. Joe Rossi and Scott Brenner of Colliers represented the undisclosed seller in all transactions. Max Ducharme of PMD Capital Management purchased Melbourne Corporate Center …

May 8, 2026

Acquisitions Georgia Retail Southeast

Marcus & Millichap Brokers Sale of Retail Property in McDonough, Georgia Leased to Heartland Dental

by Abby Cox May 8, 2026

MCDONOUGH, GA. — Marcus & Millichap’s Taylor McMinn Retail Group has brokered the sale of a freestanding retail property in McDonough, a southern suburb of Atlanta. Heartland Dental occupies the building, which was built in 2023, on a 10-year corporate lease that features 10 percent rent increases in the initial term and extension options. Don McMinn and Andrew Koriwchak of Taylor McMinn represented the seller, a preferred developer for Heartland Dental. The out-of-state, all-cash buyer purchased the property for an undisclosed price. Both parties requested anonymity. “Despite some challenges with the higher price point and double net lease, we sourced an all-cash 1031 exchange buyer through our national platform and buyer network,” says McMinn. “This deal is further evidence of the expanding 1031 buyer pool pursuing quality net lease assets in strong markets like Atlanta.”

May 8, 2026

District of Columbia Southeast

U.S. Economy Adds 115,000 Jobs in April, Doubling Expectations from Economists

by John Nelson May 8, 2026

WASHINGTON, D.C. — The U.S. economy added 115,000 nonfarm payroll jobs in April, according to the U.S. Bureau of Labor Statistics (BLS). The gains in April more than doubled expectations from Dow Jones economists, which CNBC reports forecasted 55,000 new jobs. The U.S. unemployment rate remained unchanged from March at 4.3 percent. Among employment sectors, healthcare saw the biggest jump, adding 37,000 jobs in April. This is on par with its 12-month average monthly gain of 32,000. Within the healthcare segment, job growth occurred most in nursing and residential care (15,000) and home healthcare services (11,000). Other sectors that experienced growth last month include retail trade (22,000) and social assistance (17,000). On the flip side, the federal government continues to shed jobs as the U.S. government cut 9,000 positions last month. Since its peak in October 2024, the federal government is down by 348,000 jobs, or 11.5 percent. Similarly, losses continue for the information sector, with 13,000 jobs lost in April. The information sector — which includes telecommunications, motion picture and sound recording, computing infrastructure, data processing and web hosting — has had employment dwindle by 342,000 jobs, or 11 percent, since reaching its apex in November 2022. The BLS …

May 8, 2026

Acquisitions Maryland Retail Southeast

Continental Realty Acquires 14-Property Shopping Center Portfolio in Southeast, Midwest

by John Nelson May 7, 2026

BALTIMORE AND HILLARD, OHIO — Continental Realty Corp. has purchased a 14-property shopping center portfolio spread across seven states in the Southeast and Midwest. The Baltimore-based firm purchased the more than 2 million-square-foot portfolio from Hillard-based US Properties Group Inc. for an undisclosed price. Chris Decoufle and Kevin Hurley of CBRE represented the seller in the off-market transaction. The acquisition grows Continental Realty’s holdings to nearly $5 billion in assets under management and expands its geographic footprint to 16 states, including its entry into Ohio. The portfolio was 93 percent leased at the time of sale to more than 230 tenants, including anchors such as Kroger and Academy Sports + Outdoors. The assets in the portfolio include:

May 7, 2026

Development Multifamily Southeast Tennessee

Crescent, Stockbridge Capital Break Ground on 277-Unit Apartment Development in West Nashville

by John Nelson May 7, 2026

NASHVILLE, TENN. — Crescent Communities has broken ground on NOVEL Richland Creek, a 277-unit multifamily development located in west Nashville. The Charlotte-based firm is co-developing the community with San Francisco-based Stockbridge Capital Group, which owns the adjacent Lion’s Head Village, a shopping center anchored by Trader Joe’s. Designed by KTGY, NOVEL Richland Creek will feature studio, one-, two- and three-bedroom apartments, as well as 4,800 square feet of retail space and direct trailhead access to the Richland Creek Greenway. Amenities will include a lobby with a café and wine bar, maker and wellness spaces, coworking and book club room areas, a rooftop pool and indoor and outdoor gathering spaces. The design-build team includes ESG (interior design), EM Structural (structural engineer), Lighthouse Engineering (MEP engineer), Barge Civil Associates (civil engineer) and Hawkins Partners (landscape architect). J.P. Morgan provided an undisclosed amount of construction financing to Crescent and Stockbridge Capital.

May 7, 2026

Florida Loans Multifamily Southeast

Walker & Dunlop Arranges $79M Refinancing for Multifamily Property in Florida Panhandle

by John Nelson May 7, 2026

SANTA ROSA BEACH, FLA. — Walker & Dunlop has arranged a $79 million loan for the refinancing of The Jewel at Santa Rosa Beach, a Class A, 408-unit apartment community in Florida’s Panhandle region. Jeremy Pino, Livingston Hessam, Carl Passmore, Kyle Miller, Keith Melton and David Strange of Walker & Dunlop arranged the interest-only, nonrecourse bridge loan through an institutional debt fund on behalf of the borrower, Bristol Development Group. Located at 158 Malachite Way, The Jewel sits along US Highway 98 and three miles north of the popular 30A corridor. The property features one-, two- and three-bedroom townhome-style residences, as well as a clubhouse, fitness center, two swimming pools, coworking space, golf lounge and a dog park and spa.

May 7, 2026

Acquisitions Office Southeast Virginia

Newmark Brokers $28M Sale of Office Building in Herndon, Virginia

by John Nelson May 7, 2026

HERNDON, VA. — Newmark has brokered the approximately $28 million sale of Monument III, a nearly 200,000-square-foot office building located in Herndon, a city in Northern Virginia’s Dulles Technology Corridor. New York City-based Crown Properties purchased the building from Santander Bank. Jud Ryan, James Cassidy and Grant Marley of Newmark represented the seller in the transaction. Joe Donato and Andrew Asbill, also with Newmark, secured acquisition financing for Crown Properties. The buyer has tapped Andy Klaff, Stephen Hoffeditz, Dominic Orcino, Debbie Cross and Wes Evans of Newmark to oversee leasing efforts at Monument III. Upon closing of the sale, the Newmark team extended a 58,977-square-foot lease with anchor tenant Serco Inc. Crown Properties plans to invest in capital improvements at the property, including a new fitness center with locker rooms and showers, a new golf simulator and upgrades to the lounge and café.

May 7, 2026

Acquisitions Maryland Retail Southeast Top Stories

Centennial Sells 1.6 MSF Annapolis Mall to Macerich for $272M

by Hayden Spiess May 7, 2026

ANNAPOLIS, MD. — Centennial, along with investment partners Kildare Partners and Atlas Hill Real Estate, has sold Annapolis Mall. Macerich (NYSE: MAC) acquired the 1.6 million-square-foot retail center for $260 million. The Santa Monica, Calif.-based REIT also purchased an adjacent, vacant parcel that was formerly occupied by Sears for an additional $12 million. Centennial acquired Annapolis Mall, which is located roughly 30 miles east of Washington, D.C., in September 2024. Unibail-Rodamco-Westfield (URW) previously owned the property and reported the 2024 sales price as $160 million. Originally opened in 1980, the mall comprises approximately 200 shops and restaurants. During Centennial’s ownership, more than 500,000 square feet of new leases and lease renewals were executed. New tenants at the property include Dick’s House of Sport, UNIQLO, Offline by Aerie, Tesla, Swarovski, Jack & Jones, Abercrombie & Fitch and Dave & Buster’s. Existing tenants Talbots and lululemon also expanded their footprint at the mall following Centennial’s acquisition. According to Macerich, 353,000 square feet of signed-not-open (SNO) leases are expected to commence throughout the remainder of 2026 and 2027. Macerich funded the acquisition with cash on hand and $150 million from its revolving line of credit. The acquisition excluded a space occupied by anchor store Macy’s, which …

May 7, 2026

Acquisitions Alabama Multifamily Southeast

Newmark Negotiates $64M Sale of Apartment Community in Huntsville

by John Nelson May 6, 2026

HUNTSVILLE, ALA. — Newmark has negotiated the $64 million sale of The Liam at Hays Farm, a 329-unit apartment property located within the 850-acre Hays Farm master-planned community in south Huntsville. Greystone purchased the property from a joint venture between Bomasada Group and an affiliate of The Wolff Co. Justin Uffinger and Sarah Nee of Newmark represented the seller in the transaction. Built in 2024, The Liam at Hays Farm features one-, two- and three-bedroom apartments, as well as a resort-style swimming pool, Zen courtyard with a fireside lounge and a modern fitness center. The sale is the largest multifamily deal in the Huntsville market since 2023, according to Newmark.

May 6, 2026

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