Monday, August 17, 2026
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Southeast

RetailSoutheast

WOOLBRIGHT DEVELOPMENT TO BUILD VALENCIA SQUARE

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BOYNTON BEACH, FLA. — Woolbright Development is building Valencia Square, a 155,000-square-foot shopping center in Boynton Beach, located at the northwest corner of Jog and Woolbright roads. The Mediterranean-style center began construction in April and is expected to deliver late this year. Tenants include Publix, DryClean USA, David & Co., Bagelsteins, Wachovia Bank and Fifth Third Bank. Boca Raton, Fla.-based Marc Wiener is the project architect, and the general contractor is Orlando, Fla.-based Keene Construction.

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RetailSoutheast

WINTER HAVEN CITI CENTRE SELLS FOR $20 MILLION

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WINTER HAVEN, FLA. — A private party has purchased Winter Haven Citi Centre, a 16-acre, 185,705-square-foot retail center in Winter Haven, from a publicly traded institution, for $20 million. The center is located at 231 Citi Centre St., near Highway 17. Tenants include Macy’s, Belk, Staples, Crisper’s, Eye Doctor Optical, GNC, H &R Block and Pier 1 Imports. The property was 100 percent occupied at the time of sale. Lori Schneider of Marcus & Millichap’s Fort Lauderdale, Fla., office represented both the buyer and seller.

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Seniors HousingSoutheast

DOMINION PARTNERS BREAKS GROUND ON ALABAMA RETIREMENT COMMUNITY

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HOOVER, ALA. — Birmingham, Ala.-based Dominion Partners, in a joint venture with St. Vincent’s Health Systems, has broken ground on Somerby at St. Vincent’s One Nineteen, a 208-unit, 9-acre retirement community in Hoover, located on the campus of the hospital system’s One Nineteen Health and Wellness Center. The project will be comprised of 136 independent living apartments, 48 assisted living residences and 24 memory care residences. Additional amenities include a restaurant, a casual dining café, a meeting and conference center, a library, a chapel, a movie theater, a game room, a beauty salon and a barbershop.

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MultifamilySoutheast

APARTMENT COMPLEX CHANGES HANDS FOR $4 MILLION IN NORTH CAROLINA

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GOLDSBORO, N.C. — Concord, N.H.-based EWT, LLC has acquired McArthur Apartments, an 11-acre, 110-unit multifamily community, from McArthur, for $4 million. The property is located at 204 Benton St., adjacent to the Seymour Johnson Air Force Base, and was 95 percent occupied at the time of sale. Jim Scofield of Sperry Van Ness’ Raleigh, N.C., office represented both the buyer and the seller.

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OfficeSoutheast

CONNECTICUT & K ASSOCIATES TO DEVELOP D.C. OFFICE BUILDING

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WASHINGTON, D.C. — Connecticut & K Associates is developing a 370,545-square-foot, Class A office building located at 1000 Connecticut Ave. in Washington D.C. The project will be LEED Gold-certified and was designed by Pei Cobb Freed & Partners. Building amenities include a rooftop deck and a state-of-the-art fitness center. Lead tenant, Arent Fox will occupy 255,000 square feet. David Lipson, Tom Fulcher, Art Greenberg and Adam Schindler of Studley’s Washington, D.C. office represented Arent Fox in the lease negotiations, and Audrey Cramer and Louis Christopher of Cushman & Wakefield represented the landlord. Construction is slated for completion in 2012.

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HospitalitySoutheast

SOHO HOUSE TO DEVELOP HOTEL/CONDO IN MIAMI

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MIAMI BEACH, FLA. — Soho House is developing Soho Beach House Miami, a $32 million, 83,000-square-foot hotel/condo complex. The project will consist of renovating the seven-story art deco-style Sovereign Hotel and building a 16-story addition for the residential component. At completion the project will have 44 hotel rooms and 23 residential units. Features of the property will include a spa, a swimming pool, a restaurant, two outdoor bars, a wine room and private rooftop sunbathing decks. The project is slated to complete in 2009. Ft. Lauderdale, Fla.-based Moss & Associates is the general contractor.

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OfficeSoutheast

CORUS BANK CLOSES $72 MILLION CONSTRUCTION LOAN

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WASHINGTON, D.C. — Corus Bank has provided a $72 million loan for the construction of a nine-story, 273,917-square-foot office building in Washington, D.C., to MR BP Office #1, LLC. The building is the first phase of the Half Street project, which is being developed by Monument Realty and its investment partners, MacFarlane and Lehman Brothers. Additionally, Lehman Brothers simultaneously closed a $12 million mezzanine loan for the project. The property is located at 55 M Street.

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HospitalitySoutheast

3H GROUP ACQUIRES FLORDIA FAIRFIELD INN & SUITES

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TEMPLE TERRACE, FLA. — Chattanooga, Tenn.-based 3H Group has acquired an 83-room Fairfield Inn & Suites in Temple Terrace, from Maryland-based Baywood Hotels, for $7.5 million. Jaiman Patel and Niven Patel of Marcus & Millichap’s Tampa, Fla., office represented the seller, and Jaiman also represented the buyer, along with Jeffrey Solenberger, of the same office.

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OfficeSoutheast

LASER MANUFACTURER SIGNS LEASE IN LAKE MARY

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LAKE MARY, FLA. — Fonon Inc. has signed a 131,000-square-foot lease at 400 Rinehart Road in Lake Mary. The landlord, Humphrey Realty, was represented by Bill Parke and Sher Tolan of Carter, and the lessee was represented by Dale Clemens of Clemens Commercial Real Estate. The tenant, a high-tech manufacturer of laser and semi-conductor products, will utilize 100,000 square feet for office space and 31,000 square feet for manufacturing purposes.

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OfficeSoutheast

BACARDI SIGNS LEASE IN JACKSONVILLE AND PLANS HQ IN CORAL GABLES

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JACKSONVILLE AND CORAL GABLES, FLA. — Bacardi USA has leased 300,000 square feet at One Imerson Park Blvd. in Jacksonville and is building a 225,000-square foot headquarters building in Coral Gables. Wayne Schuchts and Ed Lyden of Staubach’s Miami office represented the lessee in the transaction. Additionally, Staubach will provide design construction consulting services for the new headquarters in Coral Gables.

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