Southeast

Legendary Atlanta Real Estate Developer, Philanthropist Tom Cousins Dies at 93

by Abby Cox August 4, 2025

ATLANTA — Tom Cousins, an Atlanta-based real estate developer, professional sports supporter and philanthropist, has died at the age of 93 while hospitalized in Florida, according to multiple media outlets. After starting his real estate career selling $11,000 houses with his father in the late 1950s at a firm called Knox Homes, Cousins founded Cousins Properties Inc. in 1958 at 26 years old. The small homebuilding company experienced rapid growth, launching an initial public offering (IPO) in 1962 and solidifying its position as the state’s largest homebuilder by 1964, while soon expanding to office development in 1965. The company transitioned to a real estate investment trust (REIT) in 1986. Today, the company stands as a preeminent office REIT in the Sun Belt, with office buildings in Atlanta, Austin, Charlotte, Dallas, Nashville and Phoenix. Cousins’ most notable achievements include the development of Bank of America Plaza in Midtown Atlanta; 191 Peachtree, the CNN Center and Omni Coliseum in downtown Atlanta; and the Pinnacle Building in Buckhead. Cousins, along with former retail head Joel Murphy, also pioneered The Avenue open-air retail concept, opening several retail and dining destinations in the suburbs of Atlanta in the late 1990s and early 2000s. Cousins also …

August 4, 2025

Strong Job, Population Growth Fuel Orlando’s Dynamic Multifamily Landscape

by John Nelson August 4, 2025

Orlando is one of the country’s most active residential markets today — a modern-day “boomtown” experiencing rapid growth on multiple fronts. Economic expansion, population gains and infrastructure investments are fueling job creation and housing demand. Multifamily developers have responded with an unprecedented range of new affordable, middle-market and luxury housing options. Young professionals, retirees, urbanites, suburbanites, digital nomads and long-term residents can each find something to suit their lifestyles and budgets thanks to a diverse mix of residential settings and price points across the Central Florida region. Economic drivers Orlando has attracted more people and created more jobs than any other U.S. metro over the past year. In 2024, Orlando led the nation in job growth, adding more than 37,500 jobs, according to the Florida Department of Commerce. Major projects, such as Universal Studios’ Epic Universe, Walt Disney World’s expansion, the Lake Nona Town Center build-out and Westcourt (the Orlando Magic’s Sports and Entertainment District) are expected to bring another 60,900 jobs by 2027. The growing healthcare, education and tech sectors are bringing greater balance to the economy; more than 80 percent of the local workforce is employed outside of hospitality and leisure, according to the Orlando Economic Partnership. Orlando …

August 4, 2025

Affordable Housing Loans Mississippi Seniors Housing Southeast

Regions Bank Provides $117.3M in Financing for Three Affordable Housing Communities in Jackson, Mississippi

by Abby Cox August 1, 2025

JACKSON, MISS. — Regions Bank’s affordable housing group has provided a combined $117.3 million in financing to Vitus Group LLC for the acquisition and rehabilitation of three existing affordable housing communities in Jackson. The properties include Village Apartments, Commonwealth Apartments and Madonna Manor, which are now part of Jackson Trio, a collection of townhomes, garden-style apartments and a 13-story high-rise apartment building for seniors. The portfolio totals 77 buildings and 613 units, with 149 of the units dedicated to age-restricted housing for people age 62 and older. Jackson Trio will provide affordable housing to renters earning between 50 percent and 80 percent of the area median income. Regions Affordable Housing provided approximately $36.6 million in federal Low-Income Housing Tax Credit (LIHTC) equity, a $19.7 million bridge loan and a $61 million Fannie Mae MTEB permanent loan. The properties feature a mix of one-, two-, three- and four-bedroom apartments with various amenities, including an exercise room, onsite property management and maintenance and kitchen appliances. Two developments also include playgrounds for children, and Madonna Manor includes free lunch by the City of Jackson for senior residents.

August 1, 2025

Acquisitions Florida Retail Southeast

Berger Commercial Brokers $34M Sale of Miramar Parkway Plaza Retail Center in South Florida

by Abby Cox August 1, 2025

MIRAMAR, FLA. — Berger Commercial Realty has brokered the sale of Miramar Parkway Plaza, a 159,628-square-foot retail center in Miramar near Hard Rock Stadium. Lawrence Oxenberg of Berger Commercial represented the buyer, an affiliate of Longpoint Realty Partners doing business as LSG2 Miramar Parkway Plaza LLC, which purchased the property for $34 million. The seller was a partnership between The Faith Group and Jeffery Perlow. The Faith Group originally purchased the asset in 2014. Located at 3102-3300 University Drive, Presidente Supermarket anchors Miramar Parkway Plaza, which sits on roughly 14 acres. Additional tenants include McDonald’s, Foot Locker, AutoZone, Subway, Moby’s and Little Caesar’s. The center includes multiple outparcels and a second-story office component, as well as a recently constructed, 10,000-square-foot retail component.

August 1, 2025

Acquisitions Florida Multifamily Southeast

Berkadia Arranges Sale of 300-Unit Multifamily Apartment Complex in Lakeland, Florida

by Abby Cox August 1, 2025

LAKELAND, FLA. — Berkadia has arranged the sale of Bridgewater Grand, a 300-unit multifamily apartment complex located in Lakeland. David Etchison, Cole Whitaker, Jason Stanton and Mary Beale of Berkadia Central & North Florida led the transaction on behalf of the seller, TrimCor. Connecticut-based Hamilton Point Investments purchased the property for an undisclosed price. Situated on 31 acres at 5546 Autumn Ridge Road, Bridgewater Grand is a three-story, garden-style community featuring one-, two- and three-bedroom apartments ranging in size from 1,219 square feet to 1,853 square feet. Two- and three-bedroom floorplans comprise 92 percent of the units. Amenities at the pet-friendly community include 3,500 square feet of lake frontage, a zero-entry saltwater pool with a large sun deck, 24-hour fitness center, electric vehicle charging stations, a car care center and 56 garages available for rent. Additional amenities include a clubhouse with rentable conference room and event space, a café bar, business center, TV lounge, playground, bark park and a maintenance shop.

August 1, 2025

Acquisitions Florida Leasing Activity Office Southeast

SRS Arranges $4.8M Sale of Medical Office Property in Daytona Beach Leased to Florida Health Care Plan

by Abby Cox August 1, 2025

DAYTONA BEACH, FLA. — SRS Real Estate Partners has arranged the $4.8 million ground lease (land ownership) sale of a newly constructed, single-tenant medical office property located at 2655 LGPA Blvd. in Daytona Beach. Health insurance provider Florida Health Care Plan occupies the 7,500-square-foot building on a 20-year, corporate guaranteed, absolute triple-net lease. Patrick Nutt and William Wamble of SRS Capital Markets represented the seller, a Florida-based developer, as well as the 1031 buyer, a private investor, in the transaction.

August 1, 2025

Leasing Activity Maryland Office Southeast

CBRE Negotiates 120,000 SF Office Headquarters Lease in Gaithersburg, Maryland for X-Energy

by Abby Cox August 1, 2025

GAITHERSBURG, MD. — CBRE has negotiated a 120,000-square-foot office lease in Gaithersburg for American nuclear reactor and fuel design engineering company X-Energy. The new office will span the top five floors of Waterfront at Washingtonian, a 325,455-square-foot office property located at 9801 Washingtonian Blvd., about 20 miles northwest of Washington, D.C. Waterfront at Washingtonian is a 14-story, LEED-certified office building situated within The Washingtonian Center, a 1 million-square-foot retail complex. The property was the former North American headquarters for Sodexo, which vacated in late 2023 to occupy Pike & Rose in Bethesda, Md. At the time, the ownership completed several renovations to the building, including a new lobby and lounge, conference center, fitness center and a grab-and-go market on the ground floor. Brian McCarthy, Niel Beggy and Tim Connolly of CBRE represented the landlord, Prime US REIT, in the lease negotiations. Additional terms of the lease were not disclosed.

August 1, 2025

Development Georgia Southeast Student Housing

Carter, Front Street Break Ground on 521-Bed Student Housing Development Near Wake Forest University

by John Nelson July 31, 2025

WINSTON-SALEM, N.C. — A joint venture between Carter and Front Street Capital has broken ground on Creekside at The Grounds, a 521-bed student housing development located near the Wake Forest University campus in Winston-Salem. The community will be part of Phase I of The Grounds, a 100-acre mixed-use project under development by the partnership. The $215 million first phase of construction is also set to include an office building and a retail village. Creekside at the Grounds will offer 229 fully furnished units with bed-to-bath parity. The community will also feature a clubhouse with study rooms and a fitness center, as well as an outdoor swimming pool, kitchen and entertainment area. The project is scheduled for completion in fall 2027. The design-build team includes The Preston Partnership (architect), Brasfield & Gorrie (general contractor) and Stimmel Associates (engineer of record). Carter and Front Street Capital’s financial partners on Creekside are Kayne Anderson Real Estate and Truist Financial Corp.

July 31, 2025

Acquisitions Florida Industrial Southeast

NAI Miami | Fort Lauderdale Brokers $52.9M Sale of New Industrial Facility in Hialeah, Florida

by John Nelson July 31, 2025

HIALEAH, FLA. — NAI Miami | Fort Lauderdale has brokered the $52.9 million sale of Countyline East Logistics Center, an industrial facility located at 16300 N.W. 97th Ave. in Hialeah, a suburb of Miami. An undisclosed buyer, which plans to fully occupy the 171,178-square-foot property, purchased the asset from the developer, a partnership between East Capital Partners and VLIETCO Enterprises. Countyline East was delivered earlier this year and features a fully secured truck court, approximately 6,000 square feet of office space and 36 clear heights. The design-build team for the facility included Miller Construction, Langan Engineering and Arcadis Architects. Gabriel Garcia-Menocal of NAI Miami | Fort Lauderdale represented the buyer in the transaction, and Devin White, David Albert and Mateo Coman of CBRE represented the seller.

July 31, 2025

Development Georgia Seniors Housing Southeast

ASC Begins Construction on 377-Unit Seniors Housing Community in Athens, Georgia

by John Nelson July 31, 2025

ATHENS, GA. — Active Senior Concepts (ASC) has broken ground on Celebration Village Athens, a new senior living community in Athens, roughly 80 miles northeast of Atlanta and home of the University of Georgia. Upon completion, the development will total 377 units, with 96 bungalows, 20 independent living cottages, 70 independent living villas, 96 concierge living apartments, 66 assisted living apartments and 29 memory care suites. Celebration Village Athens will also feature a 30,000-square-foot Celebration Club and 4,000-square-foot spa and wellness center. Other amenities will include pickleball and bocce ball facilities, pavilions with grill stations, fire pits, a putting green, walking paths, community gardens and a private lake, as well as onsite wellness programs, chef-prepared meals and a social calendar. The first phase of the project, which will comprise three-bedroom bungalows, is scheduled for completion in 2026. This marks the fifth Celebration Village community in Georgia, with existing properties located in Peachtree City, Snellville, Forsyth and Acworth.

July 31, 2025

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