Monday, June 23, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Southeast

East Cherokee Village Shoppes 6236 Holly Springs Parkway Woodstock
GeorgiaRetailSoutheast

Transwestern Brokers $13M Sale of Publix-Anchored Center in Metro Atlanta

by John Nelson

WOODSTOCK, GA. — Transwestern’s Southeast investment services group has arranged the $13 million sale of East Cherokee Village Shoppes, a Publix-anchored shopping center located at 6236 Holly Springs Parkway in Woodstock, a northern suburb of Atlanta. New Orleans-based PMAT Cos. acquired the 128,667-square-foot property for roughly $101 per square foot from a private seller. The asset was developed in 2003. Fred Victor and Kevin Markwordt of Transwestern represented the seller in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
Meridian Premier Center Tampa
FloridaOfficeSoutheast

JLL Arranges 66,000 SF Office Lease at Meridian Premier Center in Tampa

by John Nelson

TAMPA, FLA. — JLL has completed a 66,000-square-foot office lease at Meridian Premier Center, a 103,521-square-foot, Class A office center in Tampa’s affluent Carollwood neighborhood. The tenant is Comprehensive Health Management Inc., a provider of administrative services for health maintenance organizations. Jim Moler and Deana Beer of JLL represented the landlord, Meridian Development Group, in the lease deal. David Johnson, Liz Osborne and Jimmy Garvey of Cushman & Wakefield represented the tenant. Built in 1997 and renovated in 2014, Meridian Premier Center was 96 percent leased following Comprehensive Health Management’s lease.

Continue Reading
FacebookTwitterLinkedinEmail
Omni Louisville Hotel, Louisville, Ky.
HospitalityKentuckySoutheastTop Stories

Omni Breaks Ground on $289M Omni Louisville Hotel in Kentucky

by Jeff Shaw

LOUISVILLE, KY. — Omni Hotels & Resorts has broken ground on the 612-room Omni Louisville Hotel, the brand’s first property in Kentucky. The hotel will be located at Liberty and 2nd Street in downtown Louisville, one block from Kentucky International Convention Center. Development costs for the public-private project are estimated at $289 million. The 30-story hotel is set to open in early 2018. “Today was much more than just breaking ground on the Omni Louisville Hotel,” Louisville Mayor Greg Fischer said at the groundbreaking ceremony. “Today’s groundbreaking is symbolic of the future transformation of our city and the prosperity yet to come. This hotel will not only help bolster our reputation as a leading meetings and leisure destination, but will serve as a cornerstone where our downtown community can connect.” Amenities at the hotel will include an all-day dining venue, lobby lounge, and rooftop pool bar and grill, in addition to Bob’s Steak & Chop House. The top floors will also feature 225 luxury apartments. The property will provide approximately 70,000 square feet of flexible meeting and event space, a fitness center, spa and speakeasy with a bowling alley. A grocery store is set to open adjacent to the hotel, …

Continue Reading
FacebookTwitterLinkedinEmail
FeaturesLoansSoutheastTop StoriesUncategorized

MBA Convention Kicks Off With Wells Fargo Named Top Mortgage Servicer for 2015

by Christina Cannon

ORLANDO, FLA. — Wells Fargo Bank N.A. was the top commercial and multifamily mortgage servicer by volume for all of 2015, according to the Mortgage Bankers Association (MBA). The annual ranking was released Sunday during the opening day of the MBA’s 2016 Commercial Real Estate Finance and Multifamily Housing Convention & Expo at the Hyatt Regency Orlando. The conference, which runs through Wednesday, Feb. 3, is expected to attract 3,000 commercial real estate finance professionals from across the industry. Under the big tent are mortgage bankers, life company and bank lenders, agency lenders, investment bankers, service providers and many others. The MBA rankings also show Wells Fargo, PNC/Midland, KeyBank, and Berkadia were the largest master and primary servicers of commercial/multifamily loans in U.S. commercial mortgage backed securities (CMBS), collateralized debt obligations (CDO) and other asset-backed securities (ABS) during 2015. A primary servicer is generally responsible for collecting loan payments from borrowers, performing property inspections and other property-related activities.  A master servicer is typically responsible for collecting cash and data from primary servicers and then providing that cash and data, through trustees, to investors. To view a copy of the report, click here. Capital Spigot Remains Open Kathy Marquardt, vice president of commercial …

Continue Reading
FacebookTwitterLinkedinEmail
LouisianaMarket ReportsRetailSoutheastSoutheast Market Reports

New Orleans’ Retail Market Continues to Thrive 10 Years After Hurricane Katrina

by John Nelson

New Orleans recently celebrated a significant milestone: the 10-year anniversary of Hurricane Katrina making landfall. Those familiar with the area’s commercial real estate market agree that the city continues to thrive in and around the metro area. Despite a low vacancy rate and shortage of commercial opportunities in downtown proper, competition is fierce for quality properties, and new-to-market retailers have moved into the area. From the market downtown to the immediate suburbs and surrounding parishes, the Big Easy is well-positioned for continuous, steady growth. Sharing a border with New Orleans, Jefferson Parish is the most populous parish in the state. Veterans Memorial Boulevard is a six-lane thoroughfare in Jefferson Parish, which remains the primary retail development corridor in the market with the 120-store Lakeside Shopping Center. One of the most desirable spans of commercial real estate, the seven-mile stretch of highway runs from the airport to the intersection of Jefferson Parish and Orleans Parish. After scouring the market for several years, Trader Joe’s recently announced its first New Orleans metro area store in one of the last undeveloped tracts on Veterans Memorial Boulevard. Another grocery retailer, The Fresh Market, opened its first Jefferson Parish store in July. In addition, the …

Continue Reading
FacebookTwitterLinkedinEmail
Turtle Creek Crossing Hattiesburg
MississippiRetailSoutheast

Stirling Properties Buys Power Retail Center in Hattiesburg for $48.1M

by John Nelson

HATTIESBURG, MISS. — Stirling Properties has purchased Turtle Creek Crossing, a 295,000-square-foot power retail center in Hattiesburg, for $48.1 million. The shopping center is the largest retail acquisition by Stirling Properties in its 40-year history. Built in 2007, Turtle Creek Crossing is located on US Highway 98 adjacent to Turtle Creek Mall. The center’s anchor tenants include Ashley Furniture, Bed Bath & Beyond, Ross Dress for Less, Old Navy, Books-A-Million and PetSmart. The property is shadow-anchored by Academy Sports + Outdoors, Target and Kohl’s and shares a lighted intersection with Sam’s Club and Walmart Supercenter.

Continue Reading
FacebookTwitterLinkedinEmail
The Realty Building 24 Drayton Street Savannah
GeorgiaMixed-UseSoutheast

Colliers Arranges $7.9M Sale of Realty Building in Savannah’s Historic District

by John Nelson

SAVANNAH, GA. — Colliers International’s Savannah office has brokered the $7.9 million sale of the iconic Realty Building in historic downtown Savannah. Built in 1921, the 10-story, 55,560-square-foot building is located at 24 Drayton St. The mixed-use property features ground-floor retail space leased to Rivers & Glen Trading Co. and Ameris Bank, as well as office space throughout the remainder of the building. The Realty Building was 95 percent leased at the time of sale. Ashley Smith of Colliers represented the seller, SCG II-Drayton LLC, in the transaction. Smith also leased the building on behalf of the previous owner. The buyer, 24 Drayton Street Properties LLC, was self-represented.

Continue Reading
FacebookTwitterLinkedinEmail
1040 Southern Road Atlanta
GeorgiaIndustrialSoutheast

Graham Commercial Properties Acquires 209,780 SF Distribution Center in Atlanta for $7.1M

by John Nelson

ATLANTA — Birmingham-based Graham Commercial Properties (GCP) has purchased a 209,780-square-foot distribution center located at 1040 Southern Road in Atlanta for $7.1 million. The 10-acre development has rail access to the Norfolk Southern railroad system, which was a deciding factor for the current tenant, M & W Distribution Services. The industrial facility is GCP’s first acquisition in Georgia. GCP is a recently formed real estate holding and management company and sister firm of Graham & Co. LLC.

Continue Reading
FacebookTwitterLinkedinEmail
District of ColumbiaSeniors HousingSoutheast

ASHA Launches New Seniors Housing Website for Education Initiative

by John Nelson

WASHINGTON, D.C. — The American Seniors Housing Association (ASHA) has launched its new website — Where You Live Matters (www.WhereYouLiveMatters.org) — along with a major social media outreach initiative. The new site is part of a larger initiative aimed at expanding the awareness of senior living through consumer education. The website’s content includes finance management resources, guides for prospective residents and their families, editorial columns and videos. “Our members and organization are committed to giving consumers across the country a place to learn more about the seniors housing landscape,” says David Schless, president of ASHA. “There are resources available, but we’re committed to painting a clearer picture.” In developing the website and related social media, ASHA established a committee that consisted of representatives from major senior living organizations and experts across the country, including Doug Schiffer of Allegro Senior Living; Jeff DeBevec of Belmont Village Senior Living; David Carliner of Brightview Senior Living; Jonathan Ruchman of Brookdale; Meg Ostrom of Enlivant; Letitia Jackson of Senior Star; Meghan Lublin and Sara Abriatis of Sunrise Senor Living; Dan McConnell, ASHA’s Public Relations Consultant; Dr. Margaret Wylde of ProMatura Group; and Jim Bowe of GlenAire HealthCare, who is the committee chairman. Dr. Roger …

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts