Southeast Archives - REBusinessOnline

Related Group Breaks Ground on 24-Story Apartment Tower in Downtown Tampa

John Nelson — Fri, 19 Jun 2026 13:34:10 +0000

TAMPA, FLA. —  Related Group has broken ground on Manor Riverwalk, a 24-story apartment tower located at 101 S. Parker St. in downtown Tampa. Designed by architecture firm Arquitectónica with interiors by ID & Design International, the tower will contain 369 residences, 3,000 square feet of fitness-based amenities and dedicated work areas along the Hillsborough River. Manor Riverwalk will also feature a 23,000-square-foot amenity deck, which will include shaded cabanas, a glass-edged jacuzzi, outdoor bar and entertainment terrace, pickleball court and a putting green, an 805-space parking garage and 18,000 square feet of retail space. The groundbreaking of Manor Riverwalk marks the start of the development of Related Group’s waterfront master plan, which is expected to eventually feature five buildings with 1,229 residences and 37,000 square feet of ground-floor retail space, with a woonerf (or walkable street) connecting them all. In later phases, the master-planned project will include a boutique apartment building, a standalone garden retail parcel, a luxury condominium and two more rental towers. No timeline was given for completion of any phase.

Logistics Property Co. Signs Two Tenants at Gainesville 85 Business Center in Northeast Georgia

John Nelson — Fri, 19 Jun 2026 13:23:40 +0000

GAINESVILLE, GA. — Industrial owner-operator Logistics Property Co. has signed two tenants to new leases at Gainesville 85 Business Center, an industrial park located in the I-985 Northeast Atlanta submarket. An undisclosed e-commerce company committed to 228,423 square feet of space at the building at 1900 Fulenwider Road, which is now fully leased, while a sustainable packaging manufacturer leased 66,960 square feet at 1950 Fulenwider Road. Todd Barton, Joanna Blaesing, Mark Hawks and Matt Higgins of CBRE represented the landlord in the lease negotiations. Tommy Hughes and Weston Gurr of Hughes Commercial and Rob Kruer, Tyler Logue, Nicholas Chang and Justin Kuehn of CBRE represented the tenants, respectively. Tim Evans and Ryan Jackson of the Greater Hall County Chamber of Commerce assisted in the negotiations.

The post Logistics Property Co. Signs Two Tenants at Gainesville 85 Business Center in Northeast Georgia appeared first on REBusinessOnline.

Kolter Multifamily Begins Construction on 386-Unit Apartment Community in Delray Beach, Florida

John Nelson — Fri, 19 Jun 2026 13:13:51 +0000

DELRAY BEACH, FLA. — Kolter Multifamily, a residential development affiliate of the Kolter Group, has begun construction on Alton Delray, a 386-unit apartment community located in South Florida between Fort Lauderdale and West Palm Beach. The development will consist of multiple six-story residential buildings at 2101 S. Congress Ave. in Delray Beach. Amenities will include a pool and a dog park. K olter Multifamily previously secured $92 million in construction financing from U.S. Bank for the project, according to South Florida Business Journal. The media outlet also reported that Kolter Multifamily was able to develop on the industrial-zoned land under Florida’s Live Local Act. Initial delivery of units at Alton Delray is slated for late 2027.

The post Kolter Multifamily Begins Construction on 386-Unit Apartment Community in Delray Beach, Florida appeared first on REBusinessOnline.

KLNB Arranges Leases With Aldi, Other Retailers at Retail Development in Stafford, Virginia

John Nelson — Fri, 19 Jun 2026 13:04:00 +0000

STAFFORD, VA — Mid-Atlantic commercial real estate brokerage firm KLNB has arranged multiple retail leases for the Market at Austin Ridge, a shopping center underway in Stafford. The new leases are with Aldi, Texas Roadhouse, Sheetz and Flagship Carwash. Dimitri Georgelakos and Veronica Kamara of KLNB worked on behalf of the undisclosed landlord in the lease negotiations.

The post KLNB Arranges Leases With Aldi, Other Retailers at Retail Development in Stafford, Virginia appeared first on REBusinessOnline.

Hunt Midwest Delivers 505,134 SF Industrial Building in Metro Louisville

John Nelson — Thu, 18 Jun 2026 14:08:23 +0000

SIMPSONVILLE, KY. — Kansas City-based Hunt Midwest has delivered the first building at Simpsonville 64 Logistics Park, an industrial park in metro Louisville that can accommodate up to 3.3 million square feet of logistics space. The first building is Logistics II, a 505,134-square-foot cross-dock facility that Hunt Midwest says is the only 500,000-square-foot or larger facility available in the Louisville market. Logistics II features 36-foot clear heights, 58 dock doors (expandable to 102), four drive-in doors, 200-foot truck courts, 320 car parking spaces, 135 trailer parking spaces and build-to-suit office space. Hunt Midwest will deliver the second building in the park, the 270,098-square-foot Logistics I rear-load building, by August. Simpsonville 64 Logistics Park sits in Shelby County, roughly 25 miles east of Louisville via I-64. Doug Butcher and Alex Grove of CBRE are handling the leasing assignment for Logistics I and II. The design-build team includes H2B Architects, Mindel Scott (civil engineer) and Evans General Contractors.

The post Hunt Midwest Delivers 505,134 SF Industrial Building in Metro Louisville appeared first on REBusinessOnline.

Newmark Secures Refinancing for 448-Unit Apartment Community in Boca Raton

John Nelson — Thu, 18 Jun 2026 14:03:01 +0000

BOCA RATON, FLA. — Newmark has secured a loan of an undisclosed amount for the refinancing of The Seven at West Boca, a 448-unit apartment community located at 10235 Boca Entrada Blvd. in Boca Raton. Danny Matz, Roberto Salcedo, Matthew Williams and Robert Wright of Newmark secured the floating-rate loan through PGIM on behalf of the borrower, Grand Peaks, which acquired the property in 2024. Originally built in 1988, The Seven at West Boca features apartments averaging 883 square feet in size, as well as two swimming pools, a fitness center, barbecue areas, tennis courts and a playground.

The post Newmark Secures Refinancing for 448-Unit Apartment Community in Boca Raton appeared first on REBusinessOnline.

Stonemont Inks Full-Building Industrial Lease in Tampa Spanning 100,698 SF

John Nelson — Thu, 18 Jun 2026 14:01:34 +0000

TAMPA, FLA. — Atlanta-based Stonemont has executed a full-building lease at TIA Executive Center, a 100,698-square-foot industrial facility located at 6111 Johns Road in Tampa. The name of the tenant was not disclosed, but Tampa Bay Business Journal reports that Google’s self-driving car platform Waymo is leasing the entire building to be used as warehouse space. John Dunphy and Pete Cecora of JLL represented Stonemont in the lease negotiations. David Kaplan, Kyle Massie and Winston Fox led the Stonemont team internally on the transaction. Stonemont delivered TIA Executive Center in October 2025 in partnership with PCCP. The property, which is situated two miles from Tampa International Airport, features 32-foot clear heights and has one speculative office suite.

The post Stonemont Inks Full-Building Industrial Lease in Tampa Spanning 100,698 SF appeared first on REBusinessOnline.

SLIB Arranges Sale of 54-Unit Seniors Housing Community in Tuscaloosa

John Nelson — Thu, 18 Jun 2026 13:58:37 +0000

TUSCALOOSA, ALA. — Senior Living Investment Brokerage (SLIB) has arranged the sale of an assisted living and memory care community located in Tuscaloosa. Built in 1994 and 2003, the property comprises 54 units. Dan Geraghty, Jeff Binder and Brad Clousing of SLIB represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.

The post SLIB Arranges Sale of 54-Unit Seniors Housing Community in Tuscaloosa appeared first on REBusinessOnline.

InterFace: Industrial Developers Are Fielding More Atypical Requirements from Tenants

John Nelson — Thu, 18 Jun 2026 12:00:00 +0000

During his keynote address at InterFace I-85 Industrial Corridor, a two-day conference held May 19-20 at the Hilton Uptown Charlotte, Gregg Healy, executive vice president and head of industrial services at Savills, shared a quote from Charles Darwin to end his presentation. “It is not the strongest of the species that survives, nor the most intelligent, but the one most adaptable to change.” Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. Industrial owners and developers have had to be adaptable given the haymakers issued by macroeconomic forces the past several years. During the COVID-19 pandemic, they rode the reinvigorated demand wave for e-commerce fulfillment with large-scale developments in key transportation corridors. In the following years, they scaled down their pipelines to focus on smaller, more targeted requirements as construction and capital costs rose significantly. And since Liberation Day, when the Trump administration declared a sweeping package of tariffs for foreign trade partners and specific commodities in April 2025, industrial developers have been building and leasing facilities for domestic and global manufacturers that were nearshoring their investments. Today, owners and…

The post InterFace: Industrial Developers Are Fielding More Atypical Requirements from Tenants appeared first on REBusinessOnline.

Pinnacle Financial Partners to Establish Corporate Headquarters at Office Tower in Midtown Atlanta

Hayden Spiess — Thu, 18 Jun 2026 11:30:00 +0000

ATLANTA — Pinnacle Financial Partners (NYSE:PNFP) has announced plans to establish a corporate headquarters at Ten Twenty Spring, a 525,000-square-foot office tower located in Midtown Atlanta. A partnership between locally based Portman and Perform Properties, a portfolio company of Blackstone Real Estate, developed the tower in 2024. Founded in 2000, Pinnacle offers a range of banking, investment, trust, mortgage and insurance products and services. The company merged with Synovus earlier this year. Pinnacle will occupy 165,000 square feet and have building signage at Ten Twenty Spring, which is situated within the Spring Quarter mixed-use district. The company will retain its bank headquarters in downtown Nashville and will relocate an estimated 400 team members to the new Atlanta office. Pinnacle’s existing footprint includes 46 locations in metro Atlanta. “We’re planting the flag for our new corporate headquarters in a building and neighborhood that match the energy we feel about our future and our opportunity for growth in Atlanta,” says Kevin Blair, president and CEO of Pinnacle. Stream Realty Partners represented the building ownership in the lease negotiations. CBRE represented Pinnacle, which plans to occupy its new space in the second half of 2027. Consulting giant EY also recently signed a lease at Ten…

The post Pinnacle Financial Partners to Establish Corporate Headquarters at Office Tower in Midtown Atlanta appeared first on REBusinessOnline.

JLL Negotiates Sale of 655,852 SF Industrial Portfolio Near Port of Virginia

John Nelson — Wed, 17 Jun 2026 14:30:49 +0000

SUFFOLK AND CHESAPEAKE, VA. — JLL has negotiated the sale of a four-building industrial portfolio situated near the Port of Virginia in the Hampton Roads region of the Commonwealth. NorthPoint Development purchased the 655,852-square-foot portfolio from an affiliate of Equus Capital Partners Ltd. Bill Prutting, Chris Dale, Craig Childs, Ginna Wallace and Andrew Baquero of JLL represented the seller in the transaction. The sales price was not disclosed. The portfolio comprises distribution facilities located at 6900, 6920 and 6950 Harbour View Blvd. in Suffolk and 2601 Indian River Road in Chesapeake. The properties were built between 2005 and 2012 and were 82 percent occupied at the time of sale to 10 tenants.

The post JLL Negotiates Sale of 655,852 SF Industrial Portfolio Near Port of Virginia appeared first on REBusinessOnline.

Obrecht Properties Enters North Carolina With Planned 325,550 SF Industrial Development Near Fort Bragg

John Nelson — Wed, 17 Jun 2026 14:28:43 +0000

FAYETTEVILLE, N.C. — Obrecht Properties LLC has purchased 30 acres adjacent to Fort Bragg, a U.S. military base spanning 160,000 acres in central North Carolina. The Maryland-based developer plans to develop The Gateway at Military Business Park, a six-property industrial park spanning 325,550 square feet, on the site at 2755 Procurement Circle in Fayetteville. The park represents Obrecht’s entry into North Carolina. The developer plans to break ground immediately on Phase I, which will comprise two single-story buildings totaling 52,500 square feet, with plans to deliver the first phase next summer. Obrecht has tapped Neil Grant and Roger Marx of Grant-Murray Real Estate to oversee leasing at The Gateway at Military Business Park.

The post Obrecht Properties Enters North Carolina With Planned 325,550 SF Industrial Development Near Fort Bragg appeared first on REBusinessOnline.

Marcus & Millichap Brokers $19.5M Sale of Westgate Square Shopping Center in Orlando

John Nelson — Wed, 17 Jun 2026 14:26:21 +0000

ORLANDO, FLA. — Marcus & Millichap has brokered the $19.5 million sale of Westgate Square, a 136,189-square-foot, grocery-anchored shopping center located at 2625 Hiawassee Road in Orlando. Salim Valiani and Yassin Benkabbou of Marcus & Millichap represented the seller, a private high-net-worth individual from South Florida, in the transaction. The buyer was also not disclosed. Built in 1981 and renovated in 1990, Westgate Square was fully leased at the time of sale to Bravo Supermarket, Goodwill, Family Dollar and Hibbett Sports.

The post Marcus & Millichap Brokers $19.5M Sale of Westgate Square Shopping Center in Orlando appeared first on REBusinessOnline.

SRS Arranges $10.9M Sale of New Retail Strip Center in Bradenton, Florida

John Nelson — Wed, 17 Jun 2026 14:11:48 +0000

BRADENTON, FLA. — SRS Real Estate Partners has arranged the $10.9 million sale of Heritage Station, a 13,538-square-foot retail strip center located in Bradenton. Spanning nearly three acres across two buildings, the newly constructed property was fully leased at the time of sale to tenants including Aspen Dental, Chipotle Mexican Grill, Five Guys, Einstein Bros. Bagels and America’s Best Contacts & Eyeglasses. Heritage Station sits adjacent to Marketplace at Heritage Harbour, a 500,000-square-foot shopping center. William Wamble and Patrick Nutt of SRS represented the seller and developer of the property, a joint venture between SREG, an Atlanta-based retail developer, and Bones Investment Group, a private real estate fund for professional athletes based in Tampa. The buyer was a Minnesota-based private investor.

The post SRS Arranges $10.9M Sale of New Retail Strip Center in Bradenton, Florida appeared first on REBusinessOnline.

Partnership Breaks Ground on 809,141 SF Industrial Park in Durham

John Nelson — Tue, 16 Jun 2026 14:04:48 +0000

DURHAM, N.C. — A partnership between Hines and an Ares Real Estate fund has begun construction on Parkside Commerce Center, a four-building industrial park spanning 809,141 square feet in Durham. The project will be situated along Silicon Drive and sit adjacent to Research Triangle Park. The co-developers have tapped Foundry Commercial to lead leasing and marketing at Parkside Commerce Center, which will be developed in two phases. Phase I, which is slated to deliver in fourth-quarter 2027, will include Building 1 (a 237,824-square-foot rear-load facility) and Building 2 (a 283,724-square-foot rear-load building). Both buildings will feature 36-foot clear heights and 63 trailer stalls. Phase II will include Building 3 (a 172,289-square-foot facility) and Building 4 (a 115,304-square-foot property), both of which will have 32-foot clear heights.

The post Partnership Breaks Ground on 809,141 SF Industrial Park in Durham appeared first on REBusinessOnline.

Newmark Arranges $53M Refinancing for American Hotel Atlanta Downtown

John Nelson — Tue, 16 Jun 2026 14:01:23 +0000

ATLANTA — Newmark has arranged a $53 million loan for the refinancing of The American Hotel Atlanta Downtown, a 315-room hotel located at 160 Ted Turner Drive NW in downtown Atlanta. The property dates back to 1962 as downtown Atlanta’s first integrated hotel and today is affiliated with Hilton’s Tapestry Collection. Chris Kramer, Tyler Dumon, Tate Keir and Jordan Roeschlaub of Newmark arranged the loan through Structured Hotel Capital on behalf of the borrower, locally based The RADCO Cos. The owner recently executed an $11.3 million renovation for The American Hotel Atlanta Downtown’s guestrooms, public spaces, food-and-beverage options and amenities, which includes a fitness center, outdoor pool and 13,300 square feet of event space. The hotel is situated within close proximity to the Georgia World Congress Center, Centennial Olympic Park, Mercedes-Benz Stadium, State Farm Arena, the Georgia Aquarium, College Football Hall of Fame and the World of Coca-Cola.

The post Newmark Arranges $53M Refinancing for American Hotel Atlanta Downtown appeared first on REBusinessOnline.

Muss Development, Amesbury Acquire 270-Unit Apartment Community in Lake Charles, Louisiana

John Nelson — Tue, 16 Jun 2026 13:59:16 +0000

LAKE CHARLES, LA. — Muss Development LLC and Amesbury Cos. have acquired Erdace Apartments, a 270-unit multifamily community in downtown Lake Charles. The seller and sales price were not disclosed. The co-owners assumed a HUD-insured loan as part of the acquisition and have launched a multimillion-dollar renovation of the property, which will be rebranded as The Ryan Apartments. The capital improvement program includes upgrades and redesigns of the lobby, façades, hallways and balconies. Erdace Apartments offers studio, one- and two-bedroom apartments, as well as a clubhouse, lounge, café, fitness center, business center, indoor and outdoor pavilions and a large outdoor swimming pool.

The post Muss Development, Amesbury Acquire 270-Unit Apartment Community in Lake Charles, Louisiana appeared first on REBusinessOnline.

Bayview PACE Provides $15.7M C-PACE Financing for Student Housing Conversion Project in Baltimore

John Nelson — Tue, 16 Jun 2026 13:57:17 +0000

BALTIMORE — Bayview PACE has closed $15.7 million in C-PACE financing for Plaza Baltimore, an adaptive reuse project located at 1 S. Calvert in downtown Baltimore. The borrower, Philadelphia-based MIRA Properties, is leading the $57 million repositioning of the former bank headquarters building into 157 Class A apartments, as well as 8,162 square feet of commercial space on the ground level. Morgan State University recently announced that it will fully lease the building and operate the property for student housing. Amenities will include a rooftop deck, resident lounge, billiards, movie room and bike storage. The design-build team includes MIRA Construction, an affiliate of MIRA Properties, and locally based SETO Architects.

The post Bayview PACE Provides $15.7M C-PACE Financing for Student Housing Conversion Project in Baltimore appeared first on REBusinessOnline.

Yum Brands Agrees to Sell Pizza Hut in Two Separate Transactions Totaling $2.7B

John Nelson — Tue, 16 Jun 2026 12:00:00 +0000

LOUISVILLE, KY. — Yum! Brands Inc. (NYSE: YUM), the Louisville-based operator of the Pizza Hut, Taco Bell and KFC franchises, has entered into an agreement to sell the Pizza Hut chain across two separate transactions with a combined value of $2.7 billion. LongRange Capital, a private equity firm based in Stamford, Conn., has agreed to purchase Pizza Hut outside of mainland China for approximately $1.5 billion. The company is financing its acquisition using funds from UBS Investment Bank. Yum China Holdings Inc. (NYSE: YUMC), which is based in Shanghai and was spun off from Yum! Brands in 2016, is acquiring the Pizza Hut holdings in mainland China for approximately $1.2 billion. Yum China says it is financing its acquisition using a combination of cash and debt financing. Yum! Brands announced in November that it began exploring strategic options for the Pizza Hut vertical. Founded in 1958, Pizza Hut is considered the second-largest pizza brand in the world with more than 15,500 restaurants in 108 countries globally and approximately $10 billion in annual system-wide sales, according to LongRange Capital. “Under LongRange and Yum China, Pizza Hut will be well-positioned for future growth with ownership that brings deep expertise in the restaurant…

The post Yum Brands Agrees to Sell Pizza Hut in Two Separate Transactions Totaling $2.7B appeared first on REBusinessOnline.

Retailers Move Beyond Leasing to Legacy Ownership

John Nelson — Tue, 16 Jun 2026 11:45:00 +0000

Earlier this year, Publix Super Markets purchased a portfolio of six Publix-anchored shopping centers in the Southeast for $130.4 million. The Lakeland, Fla.-based grocer has been aggressively growing its ownership portfolio of shopping centers as the company sees value in being its own landlord. Other large anchors like Walmart and Dillard’s have also purchased shopping centers and malls in recent months. Jason Donald, managing director of retail investment sales at Franklin Street, says that it’s not just the big box anchors that are getting in on the trend. Donald represents an undisclosed retail bank that is pursuing this strategy, which he says is becoming more popular as the capital markets make the ownership model more viable, especially for high creditworthy tenants. “With interest rates coming down and money being readily available, the propensity is shifting that tenants now want to own their own assets,” says Donald. “We’re seeing less leasing and more propensity to own, banks and gas stations especially are getting on that train. That’s the shift in the market we’re seeing more than anything else.” REBusinessOnline recently caught up with Donald to discuss the buyer pool for retail properties, as well as other investment sales trends including the…

The post Retailers Move Beyond Leasing to Legacy Ownership appeared first on REBusinessOnline.