PINEVILLE, N.C. — Swinerton Builders’ Carolinas division has broken ground on a $5.5 million medical office building located at 10425 Good Sell Court in Pineville, about 14 miles south of Charlotte. Locally based Metrolina Dermatology will occupy the 8,000-square-foot property upon completion, which is expected in early spring. Situated on 1.2 acres, the medical office building will feature 11 exam rooms, two aesthetic rooms, four Mohs exam rooms, one Mohs lab, a sterilization room, four offices and up to five medical assistant/nursing stations, as well as a welcoming lobby/waiting area and an employee breakroom. (Mohs is a specialized technique used to remove skin cancers.) Outside, the property will feature an asphalt parking lot for 40 to 50 cars. The design-build team includes Nelson Worldwide Architects, Cornerstone Architecture, LJB Engineering and Kimley-Horn.
WASHINGTON, D.C. — The U.S. economy has added 130,000 new jobs in January, according to the delayed employment summary from the U.S. Bureau of Labor Statistics (BLS). The gain more than doubles the expectations from Dow Jones economists, who forecasted 55,000 new jobs to be added, according to CNBC. The unemployment rate also came in better than expected, declining by 10 basis points to 4.3 percent. Additionally, the BLS made minimal revisions from November and December. Combined the revisions totaled 17,000 fewer jobs. Among employment sectors, healthcare led the pack in January by adding 82,000 jobs. Within the sector employment was concentrated in ambulatory services (50,000), hospitals (18,000) and nursing and residential care (13,000). Job growth in healthcare averaged 33,000 jobs in 2025, according to the BLS. Other sectors that saw significant gains in January include social assistance (42,000) and construction (33,000). Federal government employment continued to decline, with 34,000 job losses registered in January. The BLS notes that some federal employees who accepted a deferred resignation offer in 2025 officially came off federal payrolls last month. Since reaching a peak in October 2024, federal government employment is down by 327,000, or 10.9 percent. Many of the job cuts can …
ATLANTA — Selig Enterprises has submitted a rezoning request for the second phase of The Works, an 80-acre mixed-use village located in Atlanta’s Upper Westside neighborhood. According to The Atlanta Journal-Constitution, Phase II could span 2.2 million square feet upon completion. Phase I of The Works included adaptive reuse offices housing firms including Google Fiber and City of Atlanta; Westbound at The Works, a 306-unit apartment community; Chattahoochee Food Works, a food hall with 31 stalls serving dishes including pho, barbecue, donuts, subs, Mexican food and more; Dr. Scofflaw’s at The Works, a research-and-development brewery concept from Atlanta-based Scofflaw Brewing; retail space, including boutique stores, salons, Stellar Bodies and a standalone Ballard Designs store; and outdoor gathering areas, including Fetch Park (off-leash dog park) and The Camp (outdoor playground and live music space). Selig is proposing a mix of multifamily, office and retail components along Logan Circle and Chattahoochee Avenue. Phase II, which will span the remaining 53 acres of the site, is currently in early planning stages, with no immediate construction timeline established at this time. Selig is working closely with the Upper Westside CID and local neighborhood groups to gain insight and feedback throughout the process. Founded in …
CHARLOTTE, N.C. — Cousins Properties has purchased 300 South Tryon, a 638,000-square-foot office building in Uptown Charlotte, for $317.5 million. Barings, a global asset management firm and subsidiary of MassMutual, sold the 25-story tower to the Atlanta-based REIT. The Spectrum Cos. developed the office building in 2017 as the global headquarters for Barings. Cousins is funding the acquisition with proceeds from non-core asset sales, debt financing and the settlement of common shares. 300 South Tryon was fully leased at the time of sale with a weighted average lease term (WALT) of six years.
EARLY BRANCH, S.C. — Frampton Construction has delivered a new 300,000-square-foot build-to-suit distribution facility located at 601 Bob Gifford Parkway in Early Branch for cookware manufacturer Le Creuset of America. The 62-acre property is situated in Hampton County and sits about 54 miles north of Savannah via I-95. The development serves as Le Creuset’s North American distribution hub and also features two stories of office space for the company’s executive offices, call centers and administrative support. The design-build team includes McMillan Pazdan Smith (architect), Thomas & Hutton (civil engineer), WGPM (structural engineer), Paulson Cheek Mechanical (mechanical and plumbing contractor) and Allegiance Industries (electrical contractor).
WASHINGTON, D.C. — DC Green Bank and Nuveen Green Capital have closed $42 million in C-PACE financing for a hotel conversion project in Washington, D.C. The project is a repositioning of a former warehouse in the city’s Georgetown district into the new 230-room citizenM Georgetown hotel. The borrower, Another Star, will operate the hotel upon completion of the conversion, which is expected for this summer. The project will include installing efficient HVAC, water heaters, insulation and lighting systems, which are estimated to save the property owner approximately $46,000 in utility costs per year. Another Star manages 37 citizenM hotels in the United States and Europe.
DEERFIELD BEACH, FLA. — Cushman & Wakefield has brokered the $34.5 million sale of two office buildings located at 602-668 and 776-858 S. Military Trail in Deerfield Beach, a city in South Florida’s Broward County. The single-story buildings are situated within Deerfield Corporate Park and total 157,510 square feet. The properties, dubbed Building 1 and Building 6, were 87.6 percent leased to 26 tenants at the time of sale. Scott O’Donnell, Greg Miller, Mike Ciadella and Miguel Alcivar of Cushman & Wakefield represented the seller, an affiliate of New Jersey-based Denholtz doing business as Denholtz Deerfield LLC, in the transaction. A private capital investment group purchased the two buildings. Deerfield Corporate Park was originally built in 1985 and renovated in 2017.
WASHINGTON, D.C. — Newmark has arranged a $99 million loan for the refinancing of the Intercontinental Washington, D.C. – The Wharf, a 278-room hotel located within The Wharf, a 3.5 million-square-foot mixed-use development on the southwest Washington, D.C., waterfront. Jordan Roeschlaub, Nick Scribani, Tyler Dumon and Tate Keir of Newmark arranged the loan through Morgan Stanley on behalf of the borrower, CarrAmerica, a locally based real estate investment, development and management firm. Completed in 2017, the 250,000-square-foot hotel spans 12 stories and features a first-floor restaurant, as well as 6,000 square feet of retail space. Guest amenities include a 5,000-square-foot ballroom, 4,000 square feet of meeting space, a spa, fitness center, restaurant bar and lounge, rooftop pool and bar and an underground parking garage.
MIAMI — A joint venture between locally based Torose Equities and Irvine, Calif.-based Sabal Investment Holdings has sold 3480 Main Highway, a 55,000-square-foot office and retail property located in Miami’s Coconut Grove neighborhood. Miami-based Azora Private purchased the property for $61 million, or $1,100 per square foot. The building is fully leased to food-and-beverage concepts Amal and Level 6, which are located on the ground floor and rooftop, as well as three office tenants. In 2025, an affiliate of CGI Merchant Group lost the office building through a UCC auction over $32.5 million in debt, in which Torose Equities and Sabal purchased the loan, according to South Florida Business Journal.
MONROE, N.C. — Northmarq has negotiated the sale of Yardly Monroe, a 151-unit build-to-rent (BTR) community located in Monroe, roughly 30 miles outside Charlotte. Trevor Koskovich, John Currin, Jesse Hudson and Austin Jackson of Northmarq represented the seller, a joint venture between developer Taylor Morrison and equity partner Värde Partners. Faron Thompson and Grant Harris, also with Northmarq, originated $24.8 million in Freddie Mac acquisition financing on behalf of the buyer, FCP. The five-year, interest-only loan features a 35-year amortization schedule. Yardly Monroe, which has been rebranded as the Cottages of Monroe, is situated on nearly 25 acres and features one- and two-bedroom homes ranging in size from 717 to 1,030 square feet, according to Apartments.com. Each home features a private backyard with a pet door, full-sized washer/dryer, stainless steel appliances, high-speed internet, smart thermostat, doorbell camera, 10-foot ceilings, pantry, walk-in closet, vinyl plank flooring and a kitchen island. Community amenities include a swimming pool, dog park and a fitness center.