Southeast

Transwestern Arranges $26.3M Sale of Student Housing Community Near East Tennessee State University

by John Nelson June 24, 2025

JOHNSON CITY, TENN. — Transwestern Real Estate Services has arranged the $26.3 million sale of Monarch 815, a 576-bed student housing property located at 1109 University Parkway near the East Tennessee State University campus in Johnson City. Mike McGaughy, Jon Kleinberg and Bradley Fulkerson of the firm’s National Student Housing team represented the seller, an entity doing business as 1109 University Parkway Holdings, in the disposition. Logen Capital acquired the property via commercial real estate auction platform RI Marketplace. Built in 2014, the community consists of four residential buildings offering 176 fully furnished units. Shared amenities include a resort-style pool, fitness center, private yoga studio, billiards room and a dog park.

June 24, 2025

Features Florida Office Southeast Southeast Feature Archive

The Office Sector Is Turning a Corner. What Is Fueling its Return?

by John Nelson June 24, 2025

By Brett Reese of CP Group After several years of disruption, the office market is beginning to show meaningful signs of recovery. Market fundamentals are strengthening, sentiment is shifting and the data backs it up. Office sales totaled $64.3 billion last year, up nearly 21 percent from 2023, according to MSCI Real Assets. Net absorption also turned positive, with 6.5 million more square feet of U.S. office space leased than vacated, marking the most substantial annual gains since 2019. Rent growth has been substantial across key markets, lenders are re-engaging and marquee transactions are driving capital back to the sector. These are the first broad signs that the innovative strategies employed by experienced owners and operators over the past five years are beginning to pay off. Sun Belt momentum In Southeastern markets like South Florida and Atlanta, recovery outpaces national trends, driven by location, flexibility and amenitized space. Hard-learned lessons by tenants, lenders and landlords have reshaped the market. As the industry recalibrates, operators with conviction and capital can double down on what’s working. Debt is returning Perhaps the most significant harbinger of market recovery is the thawing of the debt markets. Just a year ago, lenders willing to underwrite …

June 24, 2025

Development Georgia Industrial Southeast

Dermody Launches 10 MSF Port Wentworth Commerce Center Project Near Port of Savannah

by Abby Cox June 23, 2025

PORT WENTWORTH, GA. — Industrial real estate firm Dermody Properties has launched Port Wentworth Commerce Center, a 10 million-square-foot master-planned logistics project located roughly seven miles from the Port of Savannah and one mile from I-95. The development will be supported by a 2.5-mile road system currently under construction, where utilities such as water, sewer, power, gas and fiber optics will be installed. Situated within a designated Foreign Trade Zone (FTZ), Port Wentworth Commerce Center allows tenants to defer, reduce or eliminate tariffs on imported goods. The campus will also have onsite CSX rail service. The project is expected to be the largest near-port logistics development to begin construction in the Southeastern United States in 2025 and will serve as the premier port-centric logistics park on the Eastern Seaboard, according to company representatives. Dermody has selected Bill Sparks and Preston Andrews of CBRE to handle leasing at Port Wentworth Commerce Center. Dermody currently has four projects under construction in the Southeast region and more than 1.5 million square feet available for lease.

June 23, 2025

Acquisitions Development Mixed-Use North Carolina Southeast

Foundry Brokers Sale, Facilitates Mixed-Use Rezoning of 95 Acres in Durham

by Abby Cox June 23, 2025

DURHAM, N.C. — Foundry Commercial has facilitated the acquisition and rezoning of a 95-acre tract in Durham for the development of Brickworks, a planned mixed-use development. The Durham City Council approved the rezoning ordinance in January, which will transform a former brick factory into a residential and commercial area. Charlotte-based SpaceCraft will serve as the master developer for the project. David Batten and Geoff Loftin of APG Advisors represented the seller in the transaction. Upon completion of the project, Brickworks will include 1,880 residential units and 49,500 square feet of commercial space. Construction of the multiphase project is expected to take place over a five-year period. One-third of the site is slated for Phase I of Brickworks, which will include a combination of apartments, townhomes and retail space. Homes will range from studio units to three-bedroom layouts, with 5 percent of the residences set aside for families earning 60 percent or less of the area median income (AMI). Public spaces like sports fields, biking and walking trails and preserved woodlands and wetlands will also be accessible at the development.

June 23, 2025

Acquisitions Florida Multifamily Southeast

Excelsa Properties Acquires 216-Unit Multifamily Community in Naples, Plans $7M Overhaul

by Abby Cox June 23, 2025

NAPLES, FLA. — Excelsa Properties has acquired Oasis Naples, a 216-unit garden-style multifamily property located at 2277 Arbour Walk Circle in Naples. The buyer purchased the property on behalf of Excelsa’s US Real Estate II LP fund and a co-investment vehicle related to Fund II LP, which are both managed by Excelsa. Built in 1992, Oasis Naples offers one- and two-bedroom floorplans ranging in size from 762 square feet to 1,012 square feet across18 residential buildings. Amenities at the property include a swimming pool, lounge areas, coffee station and a 24-hour fitness center. Excelsa plans to invest roughly $7 million to enhance the property’s appeal and performance. This marks the seventh multifamily property to be acquired through Excelsa’s US Real Estate II LP fund and the 20th multifamily acquisition across its portfolios.

June 23, 2025

Acquisitions Florida Multifamily Southeast

Berkadia Arranges Sale of Build-to-Rent Development Site in Metro Tampa

by Abby Cox June 23, 2025

LAND O’ LAKES, FLA. — Berkadia has arranged the sale of a 28.5-acre development site located within the master-planned community of Bexley in Land O’ Lakes, roughly 30 miles north of downtown Tampa. The Dinerstein Cos., in partnership with Maymont Homes, will design the site to offer a mix of two- and three-bedroom residences featuring private yards and attached garages. Amenities at the property, dubbed Sunlake North, will include a clubhouse, fitness center, resort-style swimming pool and various neighborhood parks. Sunlake Boulevard, which forms the site’s eastern boundary, is scheduled for a future extension that will connect the development to the new Moffitt Cancer Center Pasco Life Sciences Campus and the Angeline master-planned community. Preleasing at the development is expected to begin in late spring 2026, with the first homes available for move-in by the fourth quarter of that year.

June 23, 2025

Acquisitions Loans North Carolina Retail Southeast

MMCC Arranges $3M Acquisition Financing for Wallace Crossings Shopping Center in North Carolina

by Abby Cox June 23, 2025

WALLACE, N.C. — Marcus & Millichap Capital Corp. (MMCC) has arranged $3 million in acquisition financing for Wallace Crossings, a 66,000-square-foot shopping center located in Wallace. The 10-year loan includes a 6.3 percent interest rate with a 30-year amortization period and a 73 percent loan-to-value. Built in 1991, the center is anchored by U-Haul and Ollie’s Bargain Outlet. Additional tenants include Hardee’s, KFC, GoGas and a CashPoints ATM, according to LoopNet Inc. Garrett Fierstein of MMCC secured financing with a local credit union on behalf of a private client.

June 23, 2025

Florida Market Reports Office Southeast Southeast Market Reports

Miami Office Market Defies National Trends, Sees Rent and Occupancy Growth

by John Nelson June 23, 2025

Over the past five years, the national office market has faced its fair share of challenges: hybrid work reshaping demand, a surge in sublease spaces and rents stagnating in many cities. But Miami’s office market? It’s been a standout performer, and it’s soaring, not just holding its ground. From the onset of the COVID-19 pandemic, Miami began to separate itself from other major metros. While cities across the country struggled to coax tenants back to the office, Miami became a hotspot for companies eager to expand. What began as an influx of interest from financial firms, law practices and tech companies quickly evolved into a significant shift. These weren’t temporary moves — these were long-term leases and major investments. Since 2020, Miami-Dade has absorbed nearly 3 million square feet of office space. Unlike other cities where growth has fluctuated, Miami’s demand has been steady. Even as leasing slowed down nationally in 2023, Miami managed to hold strong. By 2024, leasing activity picked up again, and the first quarter of 2025 saw impressive absorption numbers. A major factor in Miami’s success is its disciplined approach to office development. While other markets overbuilt, leading to high vacancy rates, Miami’s new supply has …

June 23, 2025

Development Multifamily South Carolina Southeast

Joint Venture Delivers 312-Unit Apartment Community in West Columbia, South Carolina

by Abby Cox June 20, 2025

WEST COLUMBIA, S.C. — A joint venture between Fickling & Co., Novare Group and BCDC has delivered Langley Pointe, a 312-unit luxury apartment community located on Sunset Boulevard in West Columbia. Classic Plains served as the general contractor for the project, and SGN+A was the architect. Protective Life Insurance Co. provided construction financing. Situated less than one mile from Lexington Medical Center, Langley Pointe sits on 38 acres and offers one-, two- and three-bedroom floorplans ranging in size from 966 square feet to 1,438 square feet, according to Apartments.com. Rental rates for a one-bedroom apartment begin at $2,490. Amenities at the property include a gated entrance, clubhouse, coworking space, resort-style swimming pool with sunning ledges, electric vehicle charging stations, fitness center with yoga room, outdoor kitchen, entertainment area, pet spa and a fully equipped dog park.

June 20, 2025

Leasing Activity Multifamily Southeast Tennessee

Hines Launches Leasing at 300-Unit Rowley Apartment Complex in Murfreesboro, Tennessee

by Abby Cox June 20, 2025

MURFREESBORO, TENN. — Houston-based Hines has launched leasing for The Rowley, a 300-unit apartment complex located within the Clari Park mixed-use development in Murfreesboro. The development offers a mix of studios, one-, two- and three-bedroom residences ranging in size from 653 square feet to 1,359 square feet, according to Apartments.com. Rental rates for a studio apartment begin at $1,750. Amenities at The Rowley include a central village green lawn for social gatherings and events, resort-style swimming pool with cabanas, Zen garden with an outdoor yoga lawn and relaxation zones, as well as a dog park and spa. Additionally, the community includes indoor amenities such as a two-story clubroom, bar with a sports simulator room, entertainment lounges, private conference rooms, podcast room, coworking lounge and a fitness center, with 17 micro-office suites for residents who are hybrid or remote employees. Clari Park spans 78 acres and features a mix of retailers and restaurants like CAVA, Drake’s, Neighbors, Firebirds Wood Fired Grill, Main Event, In-N-Out Burger, Raising Cane’s and Whataburger, as well as a TownPlace Suites by Marriott hotel.

June 20, 2025

Newer Posts

Older Posts