Tuesday, April 21, 2026
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Southeast

AcquisitionsFloridaOfficeSoutheast

Banyan Street, Lafayette Street Acquire Harborview Plaza Offices in Tampa for $39.5M

by John Nelson

TAMPA, FLA. — A partnership between Banyan Street Capital and Lafayette Street Capital has acquired Harborview Plaza, a 6.7-acre, waterfront office complex in Tampa’s Westshore submarket. Atlanta-based Cousins Properties sold the 206,329-square-foot property for $39.5 million. Christian Lee and Sean Kelly of CBRE’s National Office Partners team represented Cousins Properties in the transaction. Amy Julian and Andrew Chilgren of CBRE’s Debt & Structured Finance team arranged acquisition financing for the new owners through Prime Finance. Tom Rappa, Matthew Lee, Max Nathan, Joe Chick and Dale Peterson of CBRE supported the transaction. Banyan Street Capital and Lafayette Street Capital have retained Jim Moler and Deana Beer of JLL to handle the leasing assignment at Harborview Plaza. The new owners plan to make several capital improvements at the office complex, including updated elevators, a new lobby, tenant lounge, café, waterfront outdoor patio and a “third workplace.” Future enhancements will include new wayfinding and building signage.

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AcquisitionsGeorgiaMultifamilySoutheast

ECI Group Sells 260-Unit Apartment Community in McDonough, Georgia

by John Nelson

MCDONOUGH, GA. — ECI Group has sold The Corwyn South Point Apartments, a 260-unit community located at 1000 Columns Drive in McDonough, a southern suburb of Atlanta. Morgan Properties purchased the property for an undisclosed price. David Gutting of Newmark represented the seller in the transaction. The Corwyn South Point features one-, two- and three-bedroom apartments. Amenities include a 2,000-square-foot clubhouse with a kitchen, fitness center with a dedicated yoga/spin room and a gathering room featuring a lounge, fireplace, TV and media center with a gaming area. Outdoor amenities include a resort-style pool with sun shelf and deck, grilling and fire pit areas, landscaped courtyard with a bocce ball court and a dog park and pet wash station.

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Mapletree-Industrial-Portfolio
AcquisitionsIndustrialNortheastSoutheastTop Stories

Mapletree Sells East Coast Industrial Portfolio to EQT for $575M

by Hayden Spiess

NEW YORK CITY AND RADNOR, PA. — Mapletree, a global real estate development, investment, capital and property management company, has completed the sale of an industrial portfolio located along the East Coast for $575 million.  EQT Real Estate, an industrial owner-operator based in Radnor, was the buyer.  Totaling 4.4 million square feet, the logistics portfolio comprises 25 warehouse properties located in Connecticut, Florida, Georgia, New Jersey, North Carolina, Pennsylvania, Tennessee, Virginia and Washington, D.C.  Of the assets, 24 were held under Mapletree US & EU Logistics Private Trust (MUSEL), a closed-end private fund established in 2019. MUSEL launched with $4.3 billion in assets under management. The additional property included in the portfolio was held under the Mapletree US Logistics Private Trust (MUSLOG), a closed-end private fund launched in 2021 with a portfolio of 155 logistics properties totaling $3.3 billion in value.  “This divestment reflects the successful execution of our closed-end fund strategy and illustrates the strength of our U.S. industrial platform,” says Richard Prokup, CEO, U.S., at Mapletree. “Looking ahead, we remain confident in the logistics sector’s long-term fundamentals as we advance new development opportunities nationwide to grow our pipeline.” Last year, Mapletree sold another portfolio to EQT for $242 million. …

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Data CentersDevelopmentSoutheastWest Virginia

Penzance to Develop $4B Data Center Campus in Bedington, West Virginia

by John Nelson

BEDINGTON, W.VA. — Penzance plans to develop a $4 billion data center campus in Bedington, a city in Berkeley County on the east side of West Virginia. The 600-megawatt (MW) hyperscale campus will be situated on 548 acres and will span 1.9 million square feet at full build-out, with the ability to scale further to meet future demand. Penzance made the announcement last week in the West Virginia State Capitol with Gov. Patrick Morrisey and other state and local government staffers. The Berkeley County site marks the first high-impact data center project approved under West Virginia’s House Bill 2014. Penzance plans to begin construction before the end of the year, with delivery of the first megawatts of capacity targeted for the end of 2028. In addition to the Bedington project, Penzance recently broke ground on a 45 MW, 240,000-square-foot data center in Chantilly, Va.

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Affordable HousingDevelopmentMultifamilySouth CarolinaSoutheast

Public-Private Partnership Breaks Ground on 157-Unit Workforce Housing Project on Hilton Head Island

by John Nelson

HILTON HEAD ISLAND, S.C. — A public-private partnership between the Town of Hilton Head Island, OneStreet Residential and RBC Community Investments has broken ground on Northpoint on Jarvis Creek, a 157-unit workforce housing development. CF Evans Construction is the general contractor for the development, which is recognized as Hilton Head Island’s first dedicated workforce housing project. As part of the public-private partnership, the Town of Hilton Head Island is providing a 65-year ground lease, $1 million to support eligible site work with contributions secured from the American Rescue Plan Fund, affordability covenants to maintain a workforce neighborhood in perpetuity, zoning entitlements and long-term programming support. OneStreet’s role involves design, permitting, financing, project management, construction, lease-up, long-term programming and property management. Situated on 11 acres, Northpoint on Jarvis Creek will offer one-, two- and three-bedroom apartments with rental rates attainable for households with incomes ranging from 60 to 150 percent of the area median income (AMI). At least 50 percent of the units will cater to households earning between 60 and 80 percent of the AMI. (Based on Beaufort County’s 2025 AMI, a family of three could earn between $59,520 and $148,800 to qualify to live at the community.) The development …

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DevelopmentFloridaMultifamilySoutheast

ANF Tops Out Sevilla Apartments at Downtown Doral in South Florida

by John Nelson

DORAL, FLA. — ANF has topped out Sevilla, a seven-story midrise apartment project underway within the $1 billion Downtown Doral development. The developer, locally based Codina Partners, plans to fully deliver the 405-unit community by year-end 2027. Situated on 4.2 acres at the corner of NW 53rd Street and NW 52nd Terrace, Sevilla will offer one-, two- and three-bedroom residences ranging in size from 720 to 1,708 square feet. The property will also include 15,800 square feet of indoor and outdoor amenity space, including a resort-style pool deck with beach entry, private cabanas, grilling stations and a Zen courtyard with a large dog park. The rooftop deck will also offer pickleball courts, a yoga yard, walking paths and lounge areas. Indoor amenities will include a two-story fitness center, resident lounge and a ride-sharing lobby.

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DevelopmentMississippiSoutheastStudent Housing

Landmark Acquires Land Near Ole Miss, Plans 817-Bed Student Housing Development

by John Nelson

OXFORD, MISS. — Landmark Properties has acquired a 27-acre development site on Oxford Way near the University of Mississippi campus in Oxford. The property will be home to The Station at Oxford, an 817-bed, cottage-style community developed in partnership with Liberty Mutual Investments. The development will offer 269 fully furnished units in a mix of two- and four-bedroom configurations with bed-to-bath parity. Shared amenities are set to include a clubhouse, resort-style pool with cabanas and hammocks, fitness center, sports simulator, Jumbotron, cornhole boards, fire pits and a pickleball court. The Station at Oxford will also offer parking for up to 904 vehicles. The development team for the project, which is scheduled for completion ahead of Ole Miss’ 2027-2028 academic year, includes Landmark Construction, Niles Bolton Associates and JM Engineering.

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AcquisitionsData CentersIndustrialSoutheastTop StoriesVirginia

George Washington University Sells Virginia Science and Technology Campus to Amazon for $427M

by Kristin Harlow

ASHBURN, VA. — The George Washington University (GW) has sold the Viginia Science and Technology Campus (VSTC) in Ashburn, about 30 miles northwest of Washington, D.C. Amazon Data Services, a subsidiary of Amazon Web Services, purchased the property for $427 million, according to local media reports. Amazon plans to develop the 122-acre site into a data center, according to The GW Hatchet, the university’s student newspaper. Ashburn is situated in Loudoun County, which is dubbed locally as “data center alley.” The transaction agreement ensures that the university has the option to keep programs at VSTC for up to five years. Launched in 1991, VSTC supports research in engineering, physics and chemistry and is home to both academic programs and administrative services. GW’s School of Nursing, the Earthquake Engineering and Structures Laboratory and the Avenir Foundation Conservation and Collections Resource Center are all housed on the campus.  “As stewards of the university’s mission, we must continually assess how best to use our resources in service of our community and future generations of GW revolutionaries,” wrote Ellen Granberg, president of GW, in a letter regarding the sale. “This includes our real estate portfolio, a critical asset that supports our academic mission, the …

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DevelopmentMarylandMixed-UseRetailSoutheast

MCB Signs Costco to Anchor $2.8B Viva White Oak Mixed-Use Development in Metro D.C.

by John Nelson

SILVER SPRING, MD. — MCB Real Estate has signed Costco Wholesale to anchor Viva White Oak, a $2.8 billion mixed-use development in Maryland’s Montgomery County. Situated a little more than 12 miles northeast of Washington, D.C., Viva White Oak will span 280 acres near the headquarters of the U.S. Food and Drug Administration (FDA) and the Adventist HealthCare White Oak Medical Center in Silver Spring. The 162,000-square-foot store will be the fourth Costco within a 10-mile radius of Viva White Oak, according to MCB. Viva White Oak is approved for more than 12 million square feet of mixed-use development, including 5,000 new residences, both for-sale and rental, as well as new shops, restaurants, a hotel and medical office space. Last week, the Montgomery County Council unanimously approved its first-ever Tax Increment Financing (TIF) district to advance Viva White Oak. MCB says it will use the TIF to unlock about $320 million for infrastructure. According to MCB, Viva White Oak is expected to generate more than 17,000 construction jobs, 9,000 permanent jobs and an estimated $62 million in annual revenue for Montgomery County. Phase I is expected to generate $1.2 billion in value and $33 million in annual revenue.

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DevelopmentSouth CarolinaSoutheastStudent Housing

LV Collective, Harrison Street to Break Ground on 749-Bed Student Housing Development Near Clemson University

by John Nelson

CLEMSON, S.C. — A joint venture between LV Collective and Harrison Street Asset Management is set to break ground on Rambler Clemson, a 749-bed student housing development located near the Clemson University campus in South Carolina. QuadReal provided construction financing for the project, which is scheduled for completion in 2028. Located on College Avenue, the mid-rise community will offer 227 units in studio, one-, two-, three-, four-, five- and six-bedroom configurations. The 567,000-square-foot development will also feature shared amenities including a ground floor coffee shop; coworking spaces with private study rooms; a multi-sport simulator; rooftop pool deck; clubroom and social lounge; fitness center with a yoga and flex studio and a wellness lounge with a sauna and cold plunge; and ground floor retail space. The development team for the project includes Niles Bolton, Juneau Construction Co. and Variant Collaborative.

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