Saturday, February 7, 2026
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DevelopmentIndustrialLeasing ActivitySouth CarolinaSoutheast

Farpoint Inks Industrial Lease With BMarko Structures in Williamston, South Carolina

by John Nelson

WILLIAMSTON, S.C. — Farpoint has executed a new 10-year lease with BMarko Structures, a manufacturer of modular buildings, at 134 Long Road in Williamston. Farpoint recently delivered the 560,240-square-foot facility in Anderson County, a submarket in the Upstate South Carolina region. BMarko’s new corporate headquarters is expected to create 225 full-time jobs and tap into the skilled workforce and advanced manufacturing presence in the I-85 corridor, according to Farpoint. BMarko’s past projects include the popular Bal Harbour Shops pop-up in Miami, as well as prefabricated data centers.

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GeorgiaLeasing ActivityOfficeSoutheast

Foundry Commercial Arranges Office Headquarters Lease at Interlock in Atlanta for AMX Logistics

by John Nelson

ATLANTA — Foundry Commercial has arranged a 20,299-square-foot office lease at Interlock, a mixed-use development in Atlanta’s West Midtown district, for AMX Logistics, an asset trucking and third-party logistics firm. The new corporate headquarters lease is expected to create 200 net new jobs for AMX by the end of 2026. Phil Costabile and Lawrence Gellerstedt IV of Foundry represented the tenant in the lease transaction. Aileen Almassy and Will Porter of Partners Real Estate represented the landlord, SJC Ventures.

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FeaturesHospitalitySoutheastSoutheast Feature ArchiveVirginia

Annual RevPAR for U.S. Hotel Sector Declines for First Time Since 2020, Says CoStar and Tourism Economics

by John Nelson

ARLINGTON, VA. — Revenue per available room (RevPAR) was revised downward in the final performance projections for the U.S. hospitality sector in 2025, according to the latest forecast from CoStar Group and Tourism Economics, an Oxford Economics company. RevPAR is projected to finish the year at a decline of 0.4 percent (or negative 40 basis points) compared to a year ago. This would result in the first total-year decline since 2020 and only the second since 2009, both of which were years with major macroeconomic disruptions with the COVID-19 pandemic and Great Financial Crisis, respectively. CoStar and Tourism Economics also lowered occupancy projections to end the year at 62.3 percent, a decline from 63.1 percent at year-end 2024, while average daily rate (ADR) was held steady at +0.8 percent for the year. For 2026, occupancy is projected to decline by another 30 basis points, while ADR and RevPAR are projected to trend positive by 90 and 50 basis points, respectively (see chart). “We expect little change in the macroeconomic environment as unemployment and prices continue to rise,” says Amanda Hite, president of STR, a hospitality research firm owned by CoStar. “As a result, our hotel performance outlook for the remainder of …

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Toyota_North_Carolina
IndustrialNorth CarolinaSoutheastTop Stories

Toyota Begins Production at $13.9B Battery Plant in North Carolina, Pledges Additional $10B Investment Over Next Five Years

by Abby Cox

LIBERTY, N.C. — Toyota (NYSE: TM) has begun production at its new $13.9 billion battery plant in Liberty, approximately 20 miles southeast of Greensboro, N.C. The 7 million-square-foot facility, which broke ground in 2021, is Toyota’s first and only battery plant outside of Japan and the company’s 11th U.S. plant. Toyota will also make an additional investment of up to $10 billion over the next five years to “support future mobility efforts,” according to company representatives. Toyota has invested nearly $60 billion since the company began its U.S. operations nearly 70 years ago.  “Toyota is a pioneer in electrified vehicles, and the company’s significant manufacturing investment in the United States and North Carolina further solidifies our commitment to team members, customers, dealers, communities and suppliers,” says Ted Ogawa, president and CEO of Toyota Motor North America (TMNA).  Toyota North Carolina is expected to create as many as 5,100 jobs. “This new facility will bring new opportunities and long-term growth to our state. It’s another sign that North Carolina continues to lead the way in manufacturing and innovation,” adds U.S. Representative Richard Hudson of North Carolina. The 1,850-acre site can produce 30 gigawatt-hours (GWh) annually at full capacity and will serve …

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DevelopmentFloridaSoutheastStudent Housing

Gilbane, CBRE Underway on 763-Bed Student Housing Development Near University of Central Florida

by John Nelson

ORLANDO, FLA. — Construction is underway on VIBE, a 763-bed student housing project by Gilbane Development and CBRE Investment Management located at 3765 Quadrangle Blvd. near the University of Central Florida campus in Orlando. The partnership recently opened a temporary leasing office for the community at 12226 Corporate Blvd. The development is scheduled for completion in fall 2026. VIBE will offer 275 fully furnished units in one-, two-, three- and four-bedroom configurations with bed-to-bath parity. Each floor will offer private rooms for individual study, remote classes or quiet reflection. Additional shared amenities are set to include two courtyards; a resort-style pool with cabanas and a sun deck; clubhouse with a communal fire pit; outdoor kitchen with grills; pickleball courts; a 24-hour fitness center; sauna; coworking lounge; and a coffee bar. The community will also offer 712 parking spaces, as well as secured bicycle storage.

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AlabamaDevelopmentIndustrialSoutheast

HDA Leads 325,000 SF Adaptive Reuse Project for Gulf Distributing in Downtown Mobile, Alabama

by John Nelson

MOBILE, ALA. — HDA has announced the completion of the new headquarters for Gulf Distributing in downtown Mobile. The project was an adaptive reuse of the vacant Press-Register Building, a 1950s-era printing press, into a 325,000-square-foot beverage distribution facility. HDA’s design included renovating 225,290 square feet of existing space, an 85,040-square-foot warehouse expansion, a new 4,960-square-foot vehicle maintenance facility and a 9,166-square-foot covered cooperage for the production of barrels and tubs. Other members of the project team were not released. Founded in 1973, Gulf Distributing is a beer distributor that operates across Alabama, the Florida Panhandle and Mississippi. The family-owned company employs approximately 1,300 people and partners with more than 140 suppliers.

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AcquisitionsMultifamilyNorth CarolinaSoutheast

Rise48 Equity Acquires 144-Unit Apartment Community in Chapel Hill, North Carolina

by John Nelson

CHAPEL HILL, N.C. — Rise48 Equity has acquired LYV Chapel Hill, a 144-unit, Class B apartment community in Chapel Hill. The investment firm has rebranded the property as Rise Chapel Hill. The seller and sales price were not disclosed. Built in 1984, Rise Chapel Hill is situated near the University of North Carolina at Chapel Hill, as well as multiple tech and research firms that have established a presence in North Carolina’s Research Triangle. Rise48 plans to renovate all unit interiors with new washers and dryers, cabinetry, stainless steel appliances, countertops, flooring and lighting and plumbing fixtures. Exterior renovations will include paint, landscaping, signage and common area improvements.

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Affordable HousingDevelopmentFloridaSeniors HousingSoutheast

HTG, AM Affordable Housing Open 81-Unit Seniors Housing Community in Crystal River, Florida

by John Nelson

CRYSTAL RIVER, FLA. — Affordable housing developers Housing Trust Group (HTG) and AM Affordable Housing have partnered to deliver The Fountains at Hidden Lake, an 81-unit affordable seniors housing community located at 10456 W. Ashburn Lane in Crystal River. The $24.5 million community was fully occupied at the grand opening to households age 62 and older who earn at or below 30, 40 and 60 percent of the area median income (AMI). Situated on 7 acres in west Florida, The Fountains at Hidden Lake includes 61 one-bedroom and 20 two-bedroom apartments ranging in size from 645 to 952 square feet. Amenities include a resort-style swimming pool, horseshoe court, fitness center, dog park and a multipurpose community room. Programming for the senior residents will include regular wellness check-ins, light housekeeping, grocery and laundry assistance and a calendar of community events and activities. Public and private funding sources for the project included $20.4 million in 9 percent Low-Income Housing Tax Credits (LIHTC) allocated by the Florida Housing Finance Corp. and syndicated by City Real Estate Advisors; an $18.5 million construction loan and $4.15 million permanent loan from KeyBank Real Estate Capital; and a $340,000 loan from the City of Crystal River. The …

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AcquisitionsGeorgiaMixed-UseRestaurantRetailSoutheast

Westwood Financial Buys Glenridge Springs Retail Center in Sandy Springs, Georgia

by John Nelson

SANDY SPRINGS, GA. — Los Angeles-based Westwood Financial has purchased the retail component of Glenridge Square, a mixed-use development located at 5610 Glenridge Drive in Sandy Springs. The live-work-play property is situated adjacent to I-285 in Atlanta’s Central Perimeter submarket. The seller and sales price were not disclosed. Glenridge Square features 20,001 square feet of ground-level retail space that was 91 percent leased at the time of sale to tenants including Qdoba, Firehouse Subs, Blue Moon Pizza, Sushi Nami, Taziki’s Mediterranean, DaVinci’s Donuts, Venus Nail Lounge and Beauty Enhanced. The property also includes 168 apartments and 80,000 square feet of office space leased to tenants including Go2Foods’ headquarters (roughly 800 employees) and Haverty’s (about 3,000 employees). The offices and apartments were not included in the sale.

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AcquisitionsFloridaGeorgiaMultifamilyNorth CarolinaNortheastOregonPennsylvaniaSoutheastStudent HousingTexasTop StoriesVirginiaWestern

Morgan Stanley, GSA Acquire Eight-Property Student Housing Portfolio Valued at $1B

by Kristin Harlow

NEW YORK CITY — Morgan Stanley Real Estate Investing (MSREI) and Global Student Accommodation (GSA) have acquired a portfolio of eight student housing assets in Tier 1 U.S. university markets from a joint venture between a wholly owned subsidiary of Abu Dhabi Investment Authority (ADIA) and Landmark Properties. The transaction is valued at more than $1 billion. The properties are located across seven states and offer a mix of cottage-style, high-rise and mid-rise formats. The 6,200-bed portfolio is nearly fully leased. Global student housing operator Yugo will manage and rebrand the newly acquired assets. The assets in the sold portfolio include: The acquisition marks the partnership’s entrance into new markets in Virginia, Georgia and Pennsylvania, while expanding its presence in Texas, Florida, Oregon and North Carolina. Through its partnership, MSREI and GSA now own nearly 24,000 student housing beds across 50 properties in 23 states. “This acquisition is testament to the depth of our global teams, our access to unique opportunities and the strength of our institutional relationships in the United States and globally. An off-market portfolio of this size and quality is rare, and demonstrates our experience and expertise in the student housing market,” says Nicholas Porter, CEO at …

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