Sunday, October 26, 2025
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One Biscayne Tower
FloridaLeasing ActivityOfficeSoutheast

CP Group Signs Leases With Five Tenants at One Biscayne Tower in Downtown Miami

by Abby Cox

MIAMI — CP Group has signed leases with five tenants totaling nearly 70,000 square feet at One Biscayne Tower, a 692,000-square-foot office tower situated in downtown Miami. FTI Consulting; Nelson Mullins Riley & Scarborough LLP; and Young, Bill, Boles, Palmer, Duke & Thompson renewed their current leases. Meanwhile, Alvarez & Marsal Tax LLC signed a new 23,092-square-foot lease and Filler Rodriguez LLP signed a new 2,437-square-foot lease. Juan Ruiz and Alex Marquez of Blanca Commercial Real Estate represented CP Group in all five lease deals. The tenant representatives included: Kevin Landers and David Dusek of Cushman & Wakefield (for Alvarez & Marsal Tax LLC); Keith Edelman of CBRE (Filler Rodriguez LLP); Chris Harak of Blanca (Nelson Mullins Riley & Scarborough LLP); Elizabeth Balch of Colliers (FTI Consulting); and Andrew Easton of Easton Group (Young, Bill, Boles, Palmer, Duke & Thompson). CP Group recently completed a multimillion-dollar capital renovation at One Biscayne Tower that included a new conference facility and fitness club and upgrades to the building café and convenience store, as well as a nearly 2,600-square-foot renovated lower-lobby eatery and lounge that is leased to the wellness-focused dining concept Heal.

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GeorgiaLeasing ActivityRetailSoutheast

Seven New Tenants to Join Coal Mountain Shops in Cumming, Georgia

by Abby Cox

CUMMING, GA. — Seven new tenants have signed leases to join Coal Mountain Shops, a 19,805-square-foot shopping center undergoing redevelopment in the Coal Mountain neighborhood of Cumming. Sam Krueger and Kaitlyn Schoerner of Franklin Street handled leasing efforts on behalf of the landlord, FrostPoint Capital, which purchased the center last May. Phase I of the redevelopment is now fully leased, with the new tenants including PNC Bank, Wingstop, barre3, Kumon, Smoothie King, The Bagel Hole and Shape Nails. Details of Phase II of the redevelopment project were not disclosed.

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FloridaMarket ReportsMultifamilySoutheastSoutheast Market Reports

Orlando Multifamily Poised for Strong Second Half of 2025, Momentum Heading Into 2026

by John Nelson

Orlando’s multifamily investment market hit an inflection point in the first half of 2025.  Insurance rates and construction starts tapered, and we’ve started to see cap rate compression and signs of rent growth. Our traditional, “household name” and institutional multifamily buyers are back in the market and at the top of the bid sheet. Additionally, investors are showing a strong interest in and appetite for build-to-rent (BTR) communities as that subsector continues to gain favor.  It’s a significant improvement from where we were, coming off the post-pandemic roller coaster ride that saw record years for multifamily investment and pricing in 2021 and 2022 followed by interest rate spikes, cap-rate spikes and all coinciding with higher construction costs, skyrocketing insurance costs and a supply glut.  Of course, Orlando is one of the fastest growing metros in the United States, so new multifamily supply is certainly needed as the region grows in terms of population and affluence. Orlando’s population is expected to hit 3 million this year, with the metro area adding 1,500 new residents per week, according to the Census Bureau. What’s more, year-over-year median household income grew 3.6 percent year-over-year.  It’s no surprise that the region continues to rank among …

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Pendry-Tampa
DevelopmentFloridaHospitalityLoansMultifamilySoutheastTop Stories

Two Roads Development Receives $520M in Construction Financing for Downtown Tampa Hotel, Residential Project

by Taylor Williams

TAMPA, FLA. — South Florida-based Two Roads Development has received $520 million in construction financing for Pendry Tampa and Pendry Residences Tampa, a hospitality and residential project that will be located in the city’s downtown area. Pendry is a luxury hospitality operating platform and a division of California-based Montage International. New York City-based Sculptor Capital Management and Connecticut-based Nuveen Green Capital provided the financing. The latter’s $290 million contribution came in the form of Commercial Property Assessed Clean Energy (C-PACE) financing. “We are thrilled to have closed the largest C-PACE transaction in history, partnering with Two Roads Development and Sculptor Capital on this transformative luxury property that will redefine Tampa’s skyline,” says Ryan Doyle, senior director of originations at Nuveen Green Capital. “This historic milestone showcases the growing sophistication and scale of C-PACE financing and its capacity to support major developments.” “Awareness of what’s happening in the Tampa Bay region is growing each year, and we received tremendous interest from across the nation to finance this development,” adds Taylor Collins, managing partner of South Florida-based Two Roads Development. Designed by Arquitectonica with interiors by Studio Munge, Pendry Tampa and Pendry Residences Tampa will be housed within a 38-story high-rise building …

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Lake-City-Distribution-Center
AcquisitionsGeorgiaIndustrialSoutheast

JLL Negotiates $30M Sale of Lake City Distribution Center in Metro Atlanta

by Abby Cox

LAKE CITY, GA. — JLL Capital Markets has negotiated the $30 million sale of Lake City Distribution Center, a 157,371-square-foot industrial facility located at 5380 Dixie Industrial Drive in Lake City, about 11 miles south of downtown Atlanta. Britton Burdette, Dennis Mitchell, Jim Freeman, Maggie Dominguez and Bobby Norwood of JLL represented the seller, InLight Real Estate Partners, in the transaction. Situated within Atlanta’s Airport submarket, Lake City Distribution Center was constructed in 2023 and features 32-foot clear heights, concrete tilt-wall construction, a rear-load configuration with 42 dock-high doors and two ramped drive-in doors. The property also offers 46 trailer parking spaces and 133 car parking spaces, along with 185-foot truck courts to accommodate large distribution operations. Maersk, a Danish shipping and logistics company, occupies roughly two-thirds of the building, while DB Schenker, a logistics and transportation provider, occupies the rest of the property.

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ATRIUM-at-Oviedo-Park
FloridaMultifamilySoutheast

CGI+ Real Estate Sells 275-Unit Park Place Apartment Community in Oviedo, Florida 

by Abby Cox

OVIEDO, FLA. — Woodland Hills, Calif.-based CGI+ Real Estate Investment Strategies has sold Park Place, a 275-unit, garden-style apartment complex situated with the 108-acre master-planned community of Park Town Center in Oviedo. The buyer, RMR Residential, has rebranded the complex to ATRIUM at Oviedo Park. CGI+ Real Estate originally acquired the former Park Place in 2021 for nearly $70 million after a fire destroyed two buildings and two amenity areas. In collaboration with Fogelman, CGI+ Real Estate rebuilt 33 apartment homes and developed 2,642 square feet of community space occupied by Crazy Cork Wine Bar and a Bruster’s ice cream shop. Originally built in 2015, ATRIUM features one-, two- and three-bedroom floorplans ranging in size from 757 square feet to 1,275 square feet, according to Apartments.com. Amenities include a swimming pool, fitness center, basketball/pickleball court, pet washing station and a lounge.

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Flints-Crossing
AcquisitionsAlabamaRetailSoutheast

Matthews Arranges Sale of 97,668 SF Flint’s Crossing Shopping Center in Auburn, Alabama

by Abby Cox

AUBURN, ALA. — Matthews Real Estate Investment Services has arranged the sale of Flint’s Crossing, a 97,668-square-foot neighborhood shopping center situated three miles from Auburn University. HomeGoods and Michaels anchor the fully leased center. Other tenants include Panera Bread, The UPS Store, Subway, CiCi’s Pizza, Plato’s Closet, Kumon and uBreakiFix. In addition to the 22,850-square-foot HomeGoods store, which operates at the property on a new 10-year lease, Flint’s Crossing has introduced roughly 15,115 square feet of new tenants since 2022. Kyle Stonis, Pierce Mayson and Boris Shilkrot of Matthews represented the repeat seller, an entity doing business as RECS Flint’s Crossing LLC, in the transaction. The buyer and sales price were not disclosed.

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The-Mark-Knoxville
DevelopmentSoutheastStudent HousingTennessee

Landmark, Manulife Investment Complete 833-Bed Student Housing Development Near University of Tennessee

by Abby Cox

KNOXVILLE, TENN. — A joint venture between Landmark Properties and Manulife Investment Management has completed The Mark Knoxville, an 833-bed student housing development located at 124 S. Concord St. near the University of Tennessee campus in Knoxville. The development team for the project included BKV Group and Landmark Construction. The property offers fully furnished units with bed-to-bath parity, ranging in size from studios to five-bedroom floorplans. Amenities include a rooftop clubhouse and outdoor pool with a jumbotron, 24-hour study lounge, pickleball court and a fitness center, as well as a 25,000-square-foot courtyard with grilling stations, fire pits and hammock groves. The property also features an onsite parking garage and a private shuttle service to campus.

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555-Mangum
Leasing ActivityNorth CarolinaOfficeSoutheast

Tanium Renews, Expands Office Lease at 555 Mangum in Downtown Durham

by Abby Cox

DURHAM, N.C. — Global cybersecurity firm Tanium has renewed and expanded its office lease at 555 Mangum, a 234,000-square-foot office building in downtown Durham. Tanium initially leased 25,000 square feet at the complex in 2024 and has now taken an additional 23,000 square feet, bringing its total occupancy to 48,000 square feet. The company will move into its new space in early 2026. Matt Winters and Kimarie Ankenbrand of JLL represented Tanium in both the initial lease and the most recent expansion. Situated near the Durham Bulls Minor League Athletic Park, 555 Mangum is owned by Northwood Ravin and features a mix of amenities including a rooftop lounge, outdoor courtyard, fitness facility and bike storage, as well as The Lenny, a rooftop restaurant concept from the Ibarra brothers.

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new-red-bull-facility
DevelopmentIndustrialNorth CarolinaSoutheastTop Stories

Red Bull, Partners Break Ground on 2.3 MSF Bottling Plant in Concord, North Carolina

by Abby Cox

CONCORD, N.C. — Energy drink giant Red Bull, along with development partners Ball Corp. (NYSE: BALL) and Rauch North America, has broken ground on a 2.3 million-square-foot production, manufacturing and distribution bottling plant in Concord, a northeast suburb of Charlotte. The $1.5 billion investment, as disclosed by several media sources, is expected to begin operations in 2028, with maximized filling capacity anticipated by 2031. The Charlotte Business Journal reports that the companies originally bought the 500-acre site at the former Philips Morris cigarette plant site, now rebranded as The Grounds, in 2021 for $55 million, after first announcing their plans to open a facility. As additionally reported, the plan initially began as a $740 million project, but as the Cabarrus County Economic Development Corp. approved enhanced incentives in 2022, the project expanded. The fully automated Red Bull plant will now offer 170,000 pallet spaces, as well as internal conveyor bridges for intralogistics that will connect can manufacturing to co-packing to warehousing, and lastly, directly to customer deliveries to “minimize carbon emissions.” Ball Corp. will also build an 800,000-square-foot aluminum can plant at the industrial park. The company will produce packaging at the new facility for Red Bull, as well as other beverage …

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