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Creation, PCCP Begin Construction on 330,000 SF Industrial Park in East Tampa

John Nelson — Tue, 10 Nov 2026 13:10:00 +0000

TAMPA, FLA. — A joint venture between Creation and PCCP has begun construction on 301 Exchange, a three-building, 330,000-square-foot industrial park located on Tampa’s east side. The 51-acre park will be situated at the intersection of U.S. Highway 301 and East Sligh Avenue, roughly two miles from I-4. 301 Exchange will comprise three rear-load buildings featuring 32-foot clear heights. The project team, including design-build firm LGE Design Build, plans to deliver the park by the end of 2027. The project represents the first development in Florida for Creation.

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Beacon, Eagle Realty Break Ground on 386-Unit Multifamily Development in Raleigh

John Nelson — Tue, 10 Nov 2026 13:06:42 +0000

RALEIGH, N.C. — A joint venture between Beacon Partners and Eagle Realty Group has broken ground on Rowan, a 386-room multifamily development located at 301 E. Six Forks Road in Raleigh’s Midtown district. The 12-acre project will comprise 350 apartments and 36 three-story townhomes. Amenities will include a resort-style pool, fitness center, coworking space and a lounge at the top level. Beacon plans to deliver Rowan in early 2029. Bank of America provided an undisclosed amount of construction financing for the project. The design-build team includes LaBella (architect), Level5 Design (interior designer), Wooten (civil engineer) and HK Jordan (general contractor).

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Arriba Capital Arranges $47M Construction Loan for Moxy Hotel Project in Downtown Knoxville

John Nelson — Tue, 10 Nov 2026 13:05:52 +0000

KNOXVILLE, TENN. — Arriba Capital has arranged a $47 million construction loan for a new 175-room Moxy by Marriott hotel in downtown Knoxville. Arriba Capital arranged the loan through an unnamed national lender on behalf of the borrower, Atlanta-based Vector Hospitality. The loan has a 77 percent loan-to-cost ratio, according to Arriba Capital. Located at 137 S. Central St., the seven-story hotel is slated to open in 2028 and offer three food-and-beverage options: The Getaway rooftop bar, Bar Moxy on the ground level and The Pop-Up Hub in the hotel’s breezeway.

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MacKenzie Commercial Brokers $11.5M Sale of Baltimore County Warehouse

John Nelson — Tue, 10 Nov 2026 13:04:23 +0000

HALETHORPE, MD. — MacKenzie Commercial Services has brokered the $11.5 million sale of a 105,732-square-foot warehouse located at 4665 Hollins Ferry Road in Halethorpe, a suburb in Baltimore County. The buyer, VeryBest Wholesales, is relocating to the single-story warehouse from another location in Jessup, Md. Saver Automotive Products is the seller of the Halethorpe facility, which was delivered in 1972 and sits adjacent to I-895. Matthew Curran and Andrew Meeder of MacKenzie Commercial brokered the transaction.

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Walker & Dunlop Arranges $110M Financing for Multifamily Community in Franklin, Tennessee

Abby Cox — Mon, 09 Nov 2026 14:40:57 +0000

FRANKLIN, TENN. — Walker & Dunlop has arranged $110 million in financing for the acquisition of Wyndchase Aspen Grove, a 560-unit multifamily community located in Franklin, a southern suburb of Nashville. Allan Edelson, Justin Nelson, Jeremy Seid, Joe Tarantino and PJ Feichtmeier of Walker & Dunlop secured the floating-rate, interest-only loan through Wells Fargo on behalf of the borrower, an unnamed institutional client. Wyndchase Aspen Grove spans 30 residential buildings and features one-, two- and three-bedroom floorplans averaging 1,091 square feet in size. Amenities at the community, which is complemented by more than 60 acres of green space, include two swimming pools with sundecks, a 24-hour fitness center, clubhouse with a game room, outdoor gathering areas, grilling stations, cybercafé, playground, dog park and a pet wash station.

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Blue Steel Acquires 309 Acres Near Louisville, Plans 1.8 MSF Industrial Project

Abby Cox — Mon, 09 Nov 2026 14:39:39 +0000

SHELBYVILLE, KY. — Lakeland, Fla.-based Blue Steel Development has acquired 309 acres in Shelbyville, about 36 miles east of Louisville via I-64, with plans to build a nearly 1.8 million-square-foot industrial project dubbed Steel 64. The development will comprise two buildings spanning 1.4 million square feet and 362,909 square feet, respectively. Construction is slated to begin this quarter, with delivery anticipated for the fourth quarter of 2027. Steel 64, which will be designed to accommodate a range of distribution, logistics and manufacturing users, will include 40-foot and 36-foot clear heights, a dedicated trailer drop yard adjacent to Building 1 and double-row trailer parking for Building 2. The project team includes Horton, Harley & Carter, Inc. (architect), Land Design & Development Inc. (civil engineer), The Conlan Co. (general contractor) and CBRE (leasing). David Collie and Josh Tarpley of BWE arranged construction financing through Protective Life Insurance Co.

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Arrow Real Estate Secures $16.9M in Acquisition Financing for Industrial Facility in Anniston, Alabama

Abby Cox — Mon, 09 Nov 2026 14:37:38 +0000

ANNISTON, ALA. — Arrow Real Estate Advisors has arranged $16.9 million in acquisition financing for a 559,900-square-foot industrial facility located in the eastern-central Alabama city of Anniston. Morris Betesh, Omar Ferreira, Jonah Schultz and Zac Cornell of Arrow Real Estate secured the loan through Wells Fargo on behalf of the borrower, Tampa-based BlueLedge Group. Situated at 100 National Drive along the I-20 corridor, the industrial facility includes 41 dock-high and 18 drive-in loading doors and was fully leased at the time of sale to an undisclosed third-party logistics operator.

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Northmarq Negotiates Sale of 350-Unit Apartment Community in Greenville, South Carolina

Abby Cox — Mon, 09 Nov 2026 14:36:10 +0000

GREENVILLE, S.C. — Northmarq has negotiated the sale of South Ridge, a 350-unit apartment community located at 823 S. Church St. in Greenville. Andrea Howard, John Currin, Austin Jackson, Jeff Glenn and James Dorsett of Northmarq represented the seller, Bethesda, Md.-based Railfield Realty, in the transaction. Houston-based The Dinerstein Cos. acquired the property for an undisclosed price. David Vinson, Faron Thompson and Grant Harris, also with Northmarq, secured a three-year bridge loan through AllianceBernstein on behalf of the borrower. Delivered in 2015, South Ridge comprises six residential buildings and is situated on approximately 8.7 acres. The community offers studio, one-, two- and three-bedroom floorplans and includes a mix of amenities such as a saltwater swimming pool, fitness center, resident sky lounge, outdoor entertaining areas and structured parking. South Ridge also features 14,658 square feet of ground-floor retail space occupied by Biscuit Head, Shred415, Mix Salon Studios and Strayer University.

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Atlanta’s Industrial Market (Re)Gains Momentum, Especially in Bulk Activity

John Nelson — Mon, 09 Nov 2026 12:37:00 +0000

At the end of 2025, Atlanta’s industrial market turned a corner and has now regained its footing, especially in the bulk sector. Four consecutive quarters of strong leasing activity signal that demand has returned, large users are back in the market and much of the inventory delivered immediately after the COVID-era development boom has been or is being absorbed. For owners, developers and investors, the key takeaway is straightforward: Atlanta remains one of the country’s most resilient industrial markets, but the next phase of growth will be shaped by disciplined development and a continued flight to quality. As for the broader market, leasing momentum began to accelerate late last year after a challenging stretch. Since then, leasing activity has steadily improved. Through the third quarter of 2026, Atlanta recorded 32.4 million square feet of new leasing activity for the year, with nearly 13.5 million square feet leased during the third quarter alone, according to Cushman & Wakefield’s data. Year-to-date leasing activity nearly surpassed all of 2025. What’s particularly encouraging is the return of large-format users. “Bulk is back” has become a common refrain across the industry, and the data support that narrative. Several transactions exceeding 500,000 square feet were completed…

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BLS: U.S. Economy Unexpectedly Adds 165,000 Jobs in October

Abby Cox — Fri, 06 Nov 2026 15:28:34 +0000

WASHINGTON, D.C. — Total nonfarm employment in the United States increased by 165,000 jobs in October, according to the U.S. Bureau of Labor Statistics (BLS). The figure shows an unexpected increase from the upwardly revised +60,000 in September, and far above the 59,000 figure projected by Dow Jones economists, according to CNBC. The unemployment rate nudged down to 4.1 percent, compared to the forecasted 4.2 percent. In addition, August’s number increased by 53,000, raising the total to 186,000, while September revisions increased by 31,000. With these revisions, employment in August and September combined is 84,000 percent higher than previously reported. October job gains mostly occurred in professional and business services (+70,000), well above the average monthly gain of 15,000 over the prior 12 months. The sector has also added 269,000 jobs since a recent low in October 2025. Employment continued to trend up in professional, scientific and technical services (+33,000), administrative and support and waste management and remediation services (+28,000) and in management of companies and enterprises (+9,000). Healthcare added 42,000 jobs in October, which is higher than the average monthly gain of 31,000 over the prior 12 months. Employment gains occurred in hospitals (+16,000), home healthcare services (+11,000) and outpatient…

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Hernandez Development, PTM Partners Receive $17.3M Construction Loan for Industrial Project in West Palm Beach

Abby Cox — Fri, 06 Nov 2026 14:24:08 +0000

WEST PALM BEACH, FLA. — Hernandez Development & Construction and PTM Partners have received a $17.3 million construction loan for the development of Palm Beach Commerce Center, a planned 93,556-square-foot industrial building in West Palm Beach. Pinnacle Financial Partners provided financing for the project on behalf of the borrowers. The joint venture purchased the 8.1-acre site for $11.5 million in April 2026, and site work began in October. Completion of the development is expected for the third quarter of 2027. The dock-high, tilt-up building will feature 84,200 square feet of warehouse space and 9,356 square feet of office space, with 32-foot clear heights and 54-foot column spacing. The project team includes Hernandez Construction (general contractor), Hernandez Development Services (developer) and CBRE (leasing).

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Wood Partners, GrayCo Capital to Break Ground on 301-Unit Multifamily Community Near Durham

Abby Cox — Fri, 06 Nov 2026 14:22:27 +0000

HILLSBOROUGH, N.C. — Wood Partners, in partnership with GrayCo Capital Advisors, will break ground on Alta Meadowlands, a 301-unit multifamily community located in Hillsborough, approximately 13 miles northwest of Durham. The apartment complex, which is expected to be completed in spring 2028, will be situated within the Meadowlands Business Park and adjacent to the Orange County Sportsplex. Alta Meadowlands will offer 146 one-bedroom, 135 two-bedroom and 20 three-bedroom apartments. Roughly 10 percent of the units will be income restricted. Amenities at the complex will include a clubhouse, fitness center, coworking space, gaming and lounge areas, a swimming pool, dog park and a pet spa. As part of the project, Wood Partners is also constructing a new pedestrian sidewalk path to directly connect the Eno Haven senior community to the adjacent Orange County Sportsplex and the nearby Passmore Senior Center. Wood Partners acquired the site from Duke Health. Emilee Collins and Mark O’Neal of Pickett Sprouse Commercial Real Estate represented the seller in the land transaction.

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Redline, WDIP Secure Refinancing for 87,380 SF Creative Office Property in North Charleston

Abby Cox — Fri, 06 Nov 2026 14:20:31 +0000

NORTH CHARLESTON, S.C. — Redline Property Partners and Walker & Dunlop Investment Partners (WDIP) have secured an undisclosed amount of capital for the refinancing of Port 26, an 87,380-square-foot creative office property located in North Charleston. Patterson Real Estate Advisory Group arranged the loan on behalf of the borrowers through United Bank. Further details of the transaction were not disclosed. Redline acquired the vacant former Department of Defense building in December 2021 and completed a comprehensive renovation in 2023. The property was fully leased at the time of financing to six tenants: RXO, KBR Engineering, Beazer Homes, Ryan Homes, Integrated Controls and Information and Prometric, with a weighted average lease term (WALT) of 5.5 years. Port 26, which is situated within a federal HUBZone, is also in proximity to Boeing’s 787 campus, the Naval Information Warfare Center and the Port of Charleston.

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Lee & Associates’ Q3 2026 Report: Industrial Rebounds, Office Stalls, Retail and Multifamily Gain Ground

Sarah Daniels — Fri, 06 Nov 2026 12:00:00 +0000

After three years of new construction outpacing tenant demand in many sectors and areas, commercial real estate posted a mostly encouraging report card in the third quarter of 2026. Lee & Associates’ 2026 Q3 North America Market Report shows industrial demand nearly doubled from the second quarter, while retail and multifamily extended their rebounds. Office, the sector that had been staging a comeback, slipped back into negative tenant demand territory. Sponsored: Download Lee & Associates’ 2026 Q3 North America Market Report. Industrial Overview: Tenant Growth Gains in United States There has been broad general improvement across North American industrial markets, with demand for space rebounding in the United States. Third-quarter net absorption totaled 84,081,618 square feet, as more users gradually have set aside tariff and trade concerns that have hobbled tenant expansion since 2023. The third-quarter gains are an 89 percent improvement from 44.4 million square feet in the second quarter and a year-on-year jump of 172 percent. The third quarter’s growth brought the year-to-date total to 161.2 million square feet as net absorption has recovered from three years of tepid growth. Despite the increase so far this year, tenant expansion continues to fall short of absorbing the volume of deliveries that…

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Kimco Realty Acquires Two Grocery-Anchored Shopping Centers in Louisville for $295M

John Nelson — Thu, 05 Nov 2026 15:28:03 +0000

LOUISVILLE, KY. — Kimco Realty has purchased two grocery-anchored shopping centers in Louisville’s East End neighborhood for a combined $295 million. The New York-based owner-operator acquired the properties, the 351,000-square-foot Paddock Shops and the 390,000-square-foot Shelbyville Road Plaza, using 1031 exchange proceeds from dispositions made earlier in the year. The sellers were not released, but Louisville Business First reported that Hagan Properties was the previous owner of Shelbyville Road Plaza and a joint venture between CBRE Strategic Partners U.S. Value 9 and Fairbourne Properties purchased Paddock Shops in 2023. Paddock Shops was 94 percent leased at the time of sale to tenants including The Fresh Market, REI, Total Wine & More, Pottery Barn and Ulta Beauty. Shelbyville Road Plaza was 92 percent leased at the time of sale to tenants including Trader Joe’s, Nordstrom Rack, Burlington, Ross Dress for Less and Old Navy. Kimco Realty now owns three grocery-anchored shopping centers in Louisville totaling 911,000 square feet. The company also owns Festival at Jefferson Court, a Kroger-anchored center near Jefferson Mall.

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Comstock Agrees to Purchase 672-Unit Ascher Apartment Towers in Uptown Charlotte

John Nelson — Thu, 05 Nov 2026 15:26:14 +0000

CHARLOTTE, N.C. — Comstock Holding Cos. has entered into a purchase agreement to acquire The Ascher, a 672-unit apartment property in Uptown Charlotte. The current owner and sales price were not released. Built in 2016, The Ascher comprises two 24-story towers housing studio, one-, two- and three-bedroom apartments. Amenities include 13,000 square feet of ground-floor retail space, a controlled-access parking garage with 900 spaces and a shared rooftop courtyard on the sixth level with pickleball courts, a fenced dog park, putting green, grilling area and café seating. Each tower also features its own clubhouse, rooftop pool, sky terrace and fitness center. Under the purchase agreement, Comstock and an unnamed institutional partner have completed transaction due diligence for The Ascher and entered into an expense sharing agreement, with each party covering transaction expenses on a pari passu basis (i.e. equal footing).

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Lincoln Arranges Sale of Whole Foods-Anchored Shopping Center in Franklin, Tennessee

John Nelson — Thu, 05 Nov 2026 15:25:31 +0000

FRANKLIN, TENN. — Lincoln Property Co. has advised on the acquisition of Southside at McEwen, a 92,470-square-foot shopping center in Franklin, a southern suburb of Nashville. Built in 2012, Whole Foods Market anchors the center, which is situated in metro Nashville’s Cool Springs district. The store is the most trafficked Whole Foods in Tennessee and in the Southeast outside of Florida, according to Lincoln. Other tenants at Southside at McEwen include lululemon, BrickTop’s, Flower Child and Solidcore. Lincoln served as investment advisor to the buyer, a high-net-worth family office completing a 1031 exchange. The seller and sales price were also not disclosed.

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Trez Capital, Starwood Capital Partner for Residential Land, Development Financing Venture

John Nelson — Thu, 05 Nov 2026 15:24:54 +0000

VANCOUVER AND MIAMI — Trez Capital and Starwood Capital Group have entered into a strategic partnership that will focus on origination of residential land acquisition and development loans for single-family communities across the United States. The partnership will expand Trez Capital’s lending capacity, further scaling its established residential land development financing platform. For Starwood Capital, the new venture will give the company the opportunity to finance land acquisition and development, complementing its long-standing track record in residential land investments. “Trez Capital has a strong track record in U.S. residential land lending, and we look forward to leveraging our collective strengths through this relationship,” says Anthony Murphy, managing director at Starwood Capital. The partnership is expected to be seeded with a $450 million portfolio of residential land acquisition and development loans originated by Trez Capital. The venture will target more than $1 billion in annual originations. “Starwood’s decision to partner with Trez Capital reflects the strength of our team, our origination capabilities and our expertise in this sector,” says John Maragliano, co-CEO and CFO of Trez Capital. “This will deliver additional institutional depth and enhanced financing capabilities, while supporting stronger returns and liquidity for our investors.”

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Berkadia Partners with NYU Stern for Third Annual Multifamily Investment Case Competition

Sarah Daniels — Thu, 05 Nov 2026 12:00:00 +0000

Berkadia recently partnered with the Chen Institute for Global Real Estate Finance at NYU Stern School of Business for the third annual Multifamily Investment Case Competition, held October 15–16. The competition brought together graduate student teams from leading business schools across the country to explore how technology can enhance investment returns in the multifamily sector. Participants were challenged to develop strategies at the intersection of apartment operations, technology and innovation financing — areas that do not often converge in traditional business school curricula. “Berkadia was honored to partner with NYU Stern for the third year in a row, highlighting our commitment to supporting young professionals and future leaders in real estate,” said Justin Wheeler, Berkadia’s CEO. “Engaging with eager, thoughtful participants and judges with deep expertise in the multifamily industry was both exciting and inspiring. This event was made possible by the dedication of university teams, fellow judges and NYU’s sustained support.” This year’s competition included teams from NYU Stern, Columbia Business School, UCLA Anderson, the University of Wisconsin–Madison’s School of Business, the University of Florida Warrington College of Business and the University of Texas at Austin McCombs School of Business. An accomplished group of industry leaders served as judges,…

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Developers Receive $310M Financing for Mixed-Use Project in Downtown Nashville

Hayden Spiess — Thu, 05 Nov 2026 05:30:00 +0000

NASHVILLE, TENN. — A partnership between PGIM, Stiles Corp. and Hensler Development has received $310 million in bridge financing for Peabody Union, a recently completed mixed-use project situated along the Cumberland River in downtown Nashville. Blackstone Real Estate Debt Strategies (BREDS) provided the financing. Ed Coco, Paul Stasaitis, Matt Casey, Anthony Sansone, Kelsey Bawcombe and Streeter Simmons of JLL Capital Markets secured the financing on behalf of the borrower. The three-year bridge loan carries two one-year extension options. “Peabody Union represents one of the most compelling mixed-use financing opportunities in the Southeast, combining trophy-quality construction, an exceptional sponsorship team and a transformational office lease commitment from Starbucks Corp.,” says Coco. “We had a significant amount of interest from a variety of lender types.” Completed in 2025, Peabody Union comprises a 27-story luxury residential tower, Class A office space and curated retail and restaurant space. The office component — which totals 249,988 square feet — is fully leased to Starbucks Corp. Starbucks plans to make the office its Eastern Headquarters beginning in 2027, when the company takes occupancy. Amenities at the office building include two 2,000-square-foot outdoor terraces, a 4,500-square-foot wellness facility, 4,000-square-foot club room, 1,000 square feet of bike storage…

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