Tuesday, August 18, 2026
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Southeast

MultifamilySoutheast

POLLACK PARTNERS TO DEVELOP ATLANTA MULTIFAMILY COMMUNITY

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ATLANTA — Atlanta-based Pollack Partners is developing a $35 million, 15-acre multifamily community in Atlanta, located along Peachwood Circle near the Clairmont interchange at Interstate 85. The development will include 269 one- and two-bedroom apartments in three- and four-story buildings. Amenities will include a swimming pool, clubhouse, fitness center, business center, media room and walking and jogging trails. Pollack acquired the land parcel from Atlanta-based VS Apartments and Stonewood Partners, for $7.7 million. Bob Nagle and Mike Cooper of Nagle & Cooper were the sole brokers and exclusively represented the buyer. Construction is slated to begin in June, with initial occupancy scheduled for next spring.

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Southeast

MEDICAL PROPERTIES TRUST ACQUIRES HOSPITAL PORTFOLIO

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BOSSIER CITY, LA.; CHERAW AND BENNETTSVILLE, S.C. — Birmingham, Ala.-based Medical Properties Trust has acquired a seven property portfolio, including hospitals in Bossier City, Cheraw and Bennettsville, from Newport Beach, Calif.-based HCP, Inc., for $138 million. The portfolio was comprised of Cornerstone Hospital in Bossier City; Chesterfield General Hospital in Cheraw; Marlboro Park Hospital in Bennettsville; and additional properties in Arizona, Idaho and Texas.

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Mixed-UseSoutheast

1010 MIDTOWN TOPS OFF IN ATLANTA

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ATLANTA — Joint venture partners Daniel Corp., Selig Enterprises, MetLife and Canyon-Johnson Urban Funds have topped off 1010 Midtown, a 35-story, 443-unit luxury high-rise tower in Atlanta, located along Peachtree Street. The project features 50,000 square feet of retail and one-, two- and three-bedroom units. Initial occupancy is scheduled for this fall. 1010 Midtown is the first phase of 12th & Midtown, a 3-million-square-foot mixed-use development.

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MultifamilySoutheast

FORT LAUDERDALE APARTMENT BUILDING CHANGES HANDS

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FORT LAUDERDALE, FLA. — Geruy, Inc. has purchased The Courtyard Apartments, a 16-unit apartment building in Fort Lauderdale, from South Florida-based Golden Properties, for $1.3 million. The property is located at 408 N.E. 7th Ave. and features eight studios, four one-bedroom and four two-bedroom apartments. Felipe Echarte and Joseph Thomas of Marcus & Millichap’s Fort Lauderdale office represented both the seller and buyer in the transaction.

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RetailSoutheast

CONSTRUCTION UNDERWAY ON LARGEST LEXUS DEALERSHIP IN THE COUNTRY

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NORTH MIAMI, FLA. — The Craig Zinn Automotive Group is developing a 1 million-square-foot, 9-acre Lexus dealership in North Miami, located at 14100 Biscayne Blvd. The project will include a 222,000-square-foot showroom, service and parts facility; a four-story, 808,074-square-foot parking structure to hold 2,000 cars; and a Lexus Lifestyle Center, which will partner with the Rosomoff Pain Center to offer consultations on lifestyle modification. The project will be the largest Lexus dealership in the country. Fort Lauderdale, Fla.-based Stiles Construction Co. is the general contractor, and the showroom was designed by Winningham, Bundy & Tice Architects. Construction is slated for completion next spring.

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IndustrialSoutheast

BPG PROPERTIES PLANS GLOBAL WAREHOUSE/DISTRIBUTION FACILITY IN NORTH CAROLI

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BRUNSWICK COUNTY, N.C. — Philadelphia-based BPG Properties is planning The North Carolina Port Industrial Facility, a 945,000-square-foot, Class A global warehouse/distribution center at Leland Industrial Park in Brunswick County. The project cost will range from $40 to $50 million. The facility’s 75-acre site is located near Interstate 40 and I-140, 10 miles from the Port of Wilmington, N.C. CB Richard Ellis’ Raleigh, N.C., office will serve as exclusive listing agent.

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RetailSoutheast

FLORIDA SHOPPING CENTER SELLS FOR $12 MILLION

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OVIEDO, FLA. — Tarrytown, N.Y.-based Juster Development Co. has acquired Tuscawilla Bend Shopping Center, a 83,777-square-foot center in Oviedo, from Jacksonville Beach, Fla.-based Case Pomeroy, for $12 million. The shopping center is located at 2010 Winter Springs Blvd. and is anchored by Publix. Karl Johnston of Cushman &Wakefield’s Jacksonville, Fla., office was the sole broker in the transaction and exclusively represented the seller.

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MultifamilySoutheast

LAND ACQUIRED FOR MULTIFAMILY DEVELOPMENT IN FLORIDA

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RIVERVIEW, FLA. — Delaney Creek Crossing, an entity of Phillips Land Acquisition, has purchased 49 acres for future multifamily development in Riverview, from Tampa, Fla.-based Falkenburg Road LLC, for $3 million. Mark Cooney and Randy Mills of GVA Advantis represented the buyer, and the seller was represented by Willis & Associates. The property is located at 5600 South Falkenburg Road.

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Southeast

RICHMOND MARRIOTT HOTEL SELLS FOR $53 MILLION

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RICHMOND, VA. — Richmond-based Apple REIT Seven has acquired the Richmond Marriott Hotel, an 18-story, 401-room property in downtown Richmond, from The Procaccianti Group, for $53 million. The hotel is connected to the Greater Richmond Convention Center and features more than 27,000 square feet of meeting space and two restaurants. Amenities include three concierge levels, an indoor pool, fitness center and business center. Rob Koger and David Altobello of Vienna, Va.-based Molinaro Koger represented the sellers in the transaction. The hotel will be managed by White Lodging and retain the Marriott flag.

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