Friday, February 6, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Southeast

AcquisitionsIndustrialSoutheastVirginia

KLNB Negotiates $28.5M Sale of Warehouse in Sterling, Virginia

by John Nelson

STERLING, VA. — KLNB has negotiated the $28.5 million sale of an 83,330-square-foot warehouse located at 45190 Ocean Court in Sterling, about 29 miles west of Washington, D.C. Ryan Goeller, Chase Stewart, Jeff Tarae and Tyler Cumberland of KLNB represented the buyer, JK Land Holdings, in the off-market transaction. The seller was an entity doing business as Sterling Davis Properties LLC. The current tenant, Belfort Furniture, plans to vacate the property in June. JK Land has tapped KLNB to market and lease the property going forward.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsNorth CarolinaRetailSoutheast

Cleeman Realty Brokers Sale of Food Lion-Anchored Shopping Center in King, North Carolina

by John Nelson

KING, N.C. — Miami-based Cleeman Realty Group has brokered the sale of Mountain View Plaza, a 44,000-square-foot shopping center in King, about 16 miles northwest of Winston-Salem, N.C. Food Lion has anchored the 9.9-acre property since 2005. Other tenants include a Mexican restaurant, hibachi restaurant, barbershop, nail salon and a pet groomer. The seller, an unnamed family ownership group, sold the property to a group of private investors completing a 1031 exchange. Jeremy Scheer and Sara Shulman of Cleeman Realty represented both the buyer and the seller in the transaction. The sales price was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
ColoradoDevelopmentFloridaRetailSoutheastTennesseeTop StoriesWestern

Simon to Invest $250M for Redevelopment of Three Malls in Nashville, Denver and Tampa

by Kristin Harlow

INDIANAPOLIS — Indianapolis-based mall owner Simon Property Group (NYSE: SPG) has unveiled plans to invest more than $250 million for the redevelopment of The Mall at Green Hills in Nashville, Cherry Creek Shopping Center in Denver and International Plaza in Tampa. Simon acquired the three properties in November 2025 as part of its purchase of the remaining 12 percent interest in The Taubman Realty Group LP that it did not already own. The $250 million investment reflects Simon’s focus on mall redevelopments to create modern environments that cater to today’s shopper, according to Eli Simon, the company’s chief operating officer. He says the redevelopment projects will mimic the recently completed transformation of Southdale Center in Minneapolis. The Mall at Green Hills will undergo a complete transformation and exterior revitalization featuring two-story flagship entrances, jewel-box spaces for luxury boutiques, new landscaping and “elevated arrival moments.” The interior will receive upscale finishes and architectural enhancements. The 1 million-square-foot mall opened in 1955 under the moniker Green Hills Village. Cherry Creek Shopping Center will receive modernized flagship spaces, refined architectural updates and upgraded storefronts. The enclosed mall, which officially opened in 1990, dates back to the 1950s when it was an open-air mall. …

Continue Reading
FacebookTwitterLinkedinEmail
FloridaLoansMultifamilySouth CarolinaSoutheastTennessee

Newmark Arranges $690M Refinancing for West Shore’s Multifamily Portfolio in Sun Belt

by John Nelson

BOSTON — Newmark has arranged a $690 million CMBS loan for the refinancing of a 13-property, 4,077-unit multifamily portfolio in the Sun Belt. The borrower, Boston-based West Shore, is refinancing properties in five Florida cities — Daytona Beach, Gainesville, Melbourne, Ocala and Tallahassee — as well as Columbia and Lexington, S.C.; Knoxville, Tenn.; and Bryan, Texas. Purvesh Gosalia arranged the cash-out, single-asset single-borrower (SASB) refinancing through Citi. The transaction represents the largest multifamily closing in the United States year-to-date, according to Newmark.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentFloridaHospitalityLoansMixed-UseMultifamilySoutheast

Goldman Sachs Provides $360M Construction Financing for Four Seasons Hotel and Residences Jacksonville

by John Nelson

JACKSONVILLE, FLA. — Goldman Sachs Private Bank, an arm of the lender’s Wealth Management division, has provided $360 million in construction financing for Four Seasons Hotel and Residences Jacksonville, a development that will comprise a 170-room Four Seasons hotel and 26 private residences. The homes, which will begin selling at $4.7 million, will range from two- to five-bedrooms and span 1,930 to 7,936 square feet in size. The borrowers, Shanna Collective and Iguana Investments, are co-developing Four Seasons Hotel and Residences Jacksonville, which comprise two 10-story buildings. Situated along the St. Johns River, the property will feature a 78-slip marina developed on behalf of the City of Jacksonville, as well as upscale amenities and three restaurants. The hotel and condos will be situated near the revamped arena for the NFL’s Jacksonville Jaguars in the city’s sports and entertainment district. Shanna Collective and Iguana Investments topped off the development in August 2025 and plan to debut both components in 2027.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsNorth CarolinaOfficeSoutheast

CBRE Negotiates Sale of 198,424 SF Office Building in Morrisville, North Carolina

by John Nelson

MORRISVILLE, N.C. — CBRE has negotiated the sale of Forty540 II, a 198,424-square-foot, five-story office building located at 710 Slater Road in Morrisville, about 14 miles northwest of Raleigh. Patrick Gildea, Matt Smith, Ben Kilgore and Chandler Hawkins of CBRE represented the seller, FCP, in the transaction. The buyer and sales price were not disclosed. Delivered in 2021 near the intersection of I-40 and I-540, Forty540 II was 94.6 percent leased at the time of sale to tenants including Renesas, N-Able and Synopsys. Amenities include a rooftop sky lounge, fitness center, conference and collaboration areas and outdoor patio space. CBRE’s Brad Corsmeier and Ed Pulliam were the property’s previous leasing agents. The duo signed Renesas to a nearly 90,000-square-foot lease at Forty540 II in May 2023.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsAlabamaMultifamilySoutheastStudent Housing

Marcus & Millichap Brokers $26.5M Sale of Multifamily Portfolio in Auburn, Alabama

by John Nelson

AUBURN, ALA. — Marcus & Millichap has brokered the $26.5 million sale of a three-property multifamily portfolio in Auburn. The properties include Vue on Dean (61 units constructed in 1977), Vue on Glenn (72 units built in 1974) and Vue on Ross (54 units completed in 1964). Josh Jacobs of Marcus & Millichap’s Birmingham office represented the seller and procured the buyer in the transaction. Both parties requested anonymity. The seller recently invested $3.3 million to upgrade 90 percent of the portfolio’s unit interiors as well as update the properties’ landscaping, painting and re-branding.

Continue Reading
FacebookTwitterLinkedinEmail
These tables highlight major office market indicators across North America for Q42025, including vacancy rates, rents, prices per square foot, construction activity, inventory sizes and capitalization rates. Source: Lee & Associates’ 2025 Q4 North America Market Report.
Content PartnerDevelopmentFeaturesIndustrialLeasing ActivityLee & AssociatesLoansMidwestMultifamilyNortheastOfficeRetailSoutheastTexasWestern

Q4 2025 Demand Overview: Industrial and Multifamily Slowed, Office Stabilized, Retail Held Steady

by Sarah Daniels

Lee & Associates’ 2025 Q4 North America Market Report looks at diverging market demand across industrial, office, retail and multifamily spaces nationwide in the last quarter. Demand continued to soften for industrial spaces, while multifamily saw a reversal: decreased demand after seven consecutive quarters of strengthening. Office saw a slow increase in net absorption, but only after six years of negative absorption; retail demand was mixed. Industrial and retail spaces contended with tariff concerns, while all four types of commercial real estate saw either decreased or slowed rent growth in the final quarter of 2025. Lee & Associates’ full, detailed market report is available to read here. The overviews for the sectors below illustrate the market landscape through data on net absorption, leasing and development activity, sales transactions and rent growth, in addition to demand. Industrial Overview: Demand Falls Under Tariff Pressure Falling demand for industrial space continued in 2025 under the added strain of the United States’ aggressive trade and tariff policies affecting commercial property markets across North America. In the United States net absorption declined again in 2025 as tenant and rent growth fell to their lowest levels since the aftermath of the financial crisis. Meanwhile, inventory growth has been scaled back …

Continue Reading
FacebookTwitterLinkedinEmail
bullitt-ll-logistics-center
AcquisitionsIndustrialKentuckySoutheast

JLL Arranges $50M Sale of Bullitt II Logistics Center in Shepherdsville, Kentucky

by Abby Cox

SHEPHERDSVILLE, KY. — JLL Capital Markets has arranged the $50 million sale of Bullitt II Logistics Center, a 437,000-square-foot industrial warehouse and distribution facility located at 251 Buffalo Run Road in Shepherdsville, a southern suburb of Louisville in Bullitt County. Ross Bratcher, Sean Devaney, Dennis Mitchell, Kurt Sarbaugh, Powell Spears and Matt Hartlage of JLL represented the seller, Atlanta-based Core5 Industrial Partners, in the transaction. Chicago-based LaSalle Investment Management was the buyer. Situated roughly 12 miles from the UPS Worldport, Bullitt II Logistics Center is fully leased to a subsidiary of Dorman Products, an American supplier and manufacturer of aftermarket automotive replacement parts. The cross-dock facility was delivered in 2022 and features 36-foot clear heights, fully circulating truck courts with up to 185-foot depths, 50 dock doors, 63 designated trailer parking spaces and more than 14,000 square feet of office space.

Continue Reading
FacebookTwitterLinkedinEmail
Lowe’s Home Improvement
AcquisitionsDevelopmentFloridaRetailSoutheast

Minto Communities USA Closes Land Sale in Westlake, Florida for Future 134,148 SF Lowe’s Store

by Abby Cox

WESTLAKE, FLA. — Minto Communities USA has sold a 10.6-acre development site located in the master-planned community of Westlake in South Florida’s Palm Beach County. The buyer, Lowe’s Home Centers LLC, plans to build a 134,148-square-foot Lowe’s Home Improvement store that includes a 26,601-square-foot outdoor garden center. In addition to serving customers, the new location will serve as a regional headquarters for the North Carolina-based retailer. While further details of the sale were not disclosed, site plans have been approved by the City of Westlake. According to public records, Walmart has also submitted a site plan for a future location adjacent to the future Lowe’s. Minto Communities has sold approximately half of the 2.2 million square feet approved for commercial development in Westlake, including 20 acres traded to Publix Super Markets Inc. in 2021 for a 140,000-square-foot, two-phase retail development that is now nearly fully leased.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts