Southeast

In 2022, the Port of New Orleans (Port NOLA) announced the Louisiana International Terminal (LIT), a new $1.8 billion container terminal coming to Violet, a small city about 10 miles downriver (or south) from New Orleans in St. Bernard Parish. The project is a public-private partnership between Port NOLA and two private maritime industry leaders, Ports America and Terminal Investment Ltd., and is being funded with private capital and public funding from the State of Louisiana and federal sources. The U.S. Army Corps. of Engineers is managing LIT’s environmental review and permitting process, after which the public-private partnership will begin construction. Set for completion in 2028, the ambitious project is expected to generate 18,000 new jobs by 2050 and handle 2 million TEUs (twenty-foot equivalent units) of cargo traffic annually.  “I consider it the most important project in the entire region,” says Andrew Marcus, founder of local commercial real estate services firm Agile Coast. “From an economic development perspective and from a quality-of-life perspective, it is the single-most important project for our region, period. The LIT is going to be the beachhead for getting modernized containerized cargo ships to come in, and we have the ability to have several terminals …

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MCLEAN, VA. — JLL Income Property Trust, alongside investment partner LCOR, has sold Kingston at McLean Crossing, a 319-unit apartment community located at 7480 Birdwood Ave. in McLean, about 12 miles west of Washington, D.C. The Chicago-based REIT originally acquired the 15-story property in 2021, three years after the property was delivered. The buyer is Pantzer Properties, a multifamily owner-operator based in New York City, according to Apartments.com. Brian Crivella, Yalda Ghamarian, Bill Gribbin and Jack Canepa of Berkadia represented the seller in the transaction. The sales price was not disclosed. Pantzer has rebranded Kingston at McLean Crossing to The Point at McLean. Units come in studio to three-bedroom layouts ranging in size from 569 to 1,932 square feet. Amenities include a pool, fitness center, concierge, conference rooms, spa, EV charging stations and a playground. The property was 96 percent occupied at the time of sale.

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POOLER, GA. — Porter Logistics, a third-party logistics (3PL) warehousing and transportation company, has moved into 195 Nordic Way, a 230,400-square-foot industrial facility in Pooler. Ryan Hoyt, Chris Tomasulo, Austin Kriz, Bennett Rudder and Lindsey Wilmot of JLL arranged the full-building lease on behalf of Porter Logistics and the undisclosed landlord. Situated on 13.5 acres within two miles of I-95 and seven miles from the Port of Savannah, 195 Nordic Way features 2,000 square feet of office space, a 170-foot maneuvering area for trucks, 50 trailer spaces, 28 dock-high doors and separate auto and truck entry and exit points. Porter Logistics will consolidate five other warehouses to the Pooler location, which will support expanded light manufacturing and repackaging activity for liquid chemical products and solid materials such as plastics and resin.

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ATLANTA — Walker & Dunlop has arranged a $43 million loan for the refinancing of The Hive, a 307-bed student housing community located adjacent to the Georgia Tech campus in Midtown Atlanta. Israel Leiner led the Walker & Dunlop team that arranged the loan on behalf of the borrower, Dezure Development. Walker & Dunlop Investment Partners provided the interest-only bridge loan. Located at 566 Centennial Olympic Park Drive NW, The Hive offers 100 fully furnished units alongside shared amenities including study lounges and fitness facilities, as well as a courtyard with an infinity pool and a rooftop lounge. The property opened in fall 2025.

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TAMPA, FLA. — SRS Real Estate Partners has negotiated the sales of three new retail properties in Central Florida leased to 7-Eleven totaling $28.8 million. Built in late 2025, the three properties are located in Winter Haven, Daytona Beach and Ocoee and comprise modern convenience stores and fueling stations. 7-Eleven occupies all three properties on 15-year, triple-net leases. Patrick Nutt and William Wamble of SRS represented the sellers, Florida-based developers, in the transactions. The Winter Haven and Ocoee properties were sold as a portfolio to a Florida-based family office for a combined $19.2 million. A locally based, private investor purchased the Daytona Beach location, which is situated across from Latitude Landings and Latitude Margaritaville, in a 1031 exchange for approximately $9.5 million.

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BOCA RATON, FLA. — A joint venture between 13th Floor Investments and Rockpoint plan to develop The Link at Boca, a new transit-oriented apartment community located adjacent to the Boca Raton Tri-Rail Station. The development is a public-private partnership between the joint venture and the South Florida Regional Transportation Authority, which selected 13th Floor as part of its RFP process to develop a mixed-use environment on publicly owned land. As part of the transaction,13th Floor and Rockpoint have obtained $100 million in construction financing from Santander Bank. The joint venture plans to break ground this month and deliver the property approximately 24 months thereafter. Located at 680 W. Yamato Road near I-95 and the El Rio Trail, The Link at Boca will rise eight stories and comprise 340 apartments and 24,000 square feet of retail space on the ground level. Apartments will come in a mix of studio, one-, two- and three-bedroom floorplans ranging in size from approximately 600 to 1,300 square feet. Amenities will include a resort-style pool deck, social lounge and bar, coworking spaces, private offices, yoga studio, kids’ room, golf and virtual reality simulation room, sauna and an outdoor game area. The Link at Boca will also include …

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CHARLOTTESVILLE, VA. — The University of Virginia has selected Capstone Development Partners for a 780-bed residence hall project on the university’s campus in Charlottesville. The development will include three buildings spanning 310,000 square feet at the corner of Copeley and Ivy roads. The project will offer apartment-style units for upperclassmen alongside a 19,000-square-foot dining and retail component. Capstone will serve as a fee developer responsible for the design and construction of the project, which is being financed by the university and is scheduled for completion in fall 2027. The development team also includes Elkus Manfredi Architects, Hoar Construction and Hourigan.

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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.

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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.

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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. …

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