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

Loans Seniors Housing Southeast West Virginia

BWE Provides $37M Agency Loan for Seniors Housing Community in Charleston, West Virginia

by John Nelson July 31, 2025

CHARLESTON, W.VA. — BWE has provided a $37 million Fannie Mae loan for Harmony at Southridge, a seniors housing community in Charleston that is operated by Harmony Senior Services. Ryan Stoll and Taylor Mokris of BWE originated the 10-year loan on behalf of the borrower, Smith-Packett, Wessex Capital. The loan features five years of interest-only payments and a fixed interest rate. Built in 2020, Harmony at Southridge features independent living, assisted living and secured memory care units, as well as chef-prepared dining options, a therapy gym, movie theater, beauty salon, library and concierge services. The borrower converted 12 independent living units to assisted living in late 2024, according to BWE.

July 31, 2025

Acquisitions Florida Office Southeast

Native Realty Negotiates $5M Sale of Office Building in Fort Lauderdale

by John Nelson July 31, 2025

FORT LAUDERDALE, FLA. — Native Realty has negotiated the $5 million sale of a 7,541-square-foot office building located at 201 SE 12th St. in Fort Lauderdale. The buyer, a locally based law firm doing business in the transaction as BJO of Fort Lauderdale LLC, plans to occupy the property. Jaime Sturgis and Kaley Tuning of Native Realty represented the seller, an entity doing business as Davie Blvd Office LLC, in the off-market transaction. Completed in 2018, the office building features large windows and surface parking options for tenants.

July 31, 2025

Acquisitions Content Partner Development Features Industrial Leasing Activity Lee & Associates Loans Midwest Multifamily Northeast Office Retail Southeast Texas Western

Lee & Associates’ Report: Q2 Net Absorption Declines Across All Property Sectors Except Multifamily

by Sarah Daniels July 31, 2025

Lee & Associates’ 2025 Q2 North America Market Report looks back at shrinking (or negative) net absorption for industrial, office and retail sectors in the last quarter. Meanwhile, multifamily tenant demand beat previous expectations in the same three months, as a feared recession failed to materialize. The mix of factors for absorption varied by property type: industrial and office markets saw increases in vacancy, while competition for retail space remained high, even in the face of high-profile closures. Lee & Associates’ full market report is available to read here (plus detailed vacancy rates, cap rates by city, market rents, square footage information, information on Canadian markets and more). The recaps for industrial, office, retail and multifamily sectors below detail trends and outlooks for each property sector in the remainder of 2025. Industrial Overview: Vacancies Rise, Rent Growth Slows Concern over the impact of tariffs has added to slowing tenant growth in logistics and manufacturing across North America. But the continued easing demand has resulted in more choices and benefits for users that have been subjected to a prolonged stretch of steep rent growth. Vacancies in the United States have risen to 7.4 percent, a decade-long high, while deliveries continued to outpace tenant expansion. Net absorption fell …

July 31, 2025

Development Georgia Healthcare Southeast

Piedmont Healthcare to Build $275M Hospital Expansion in Fayetteville, Georgia

by John Nelson July 30, 2025

FAYETTEVILLE, GA. — Piedmont Healthcare’s board of directors has approved a $275 million expansion and renovation project at Piedmont Fayette, an existing hospital campus in Fayetteville, about 28 miles southwest of Atlanta in Fayette County. The project will add a new patient tower with space for future expansion, as well as the renovation of 31,304 square feet that includes surgical rooms, a kitchen, lab, pharmacy, loading dock and central utility plant. Construction is expected to start in early 2026 and be completed within three years. The project represents Piedmont Healthcare’s largest capital investment since the Marcus Tower on the campus of Piedmont Atlanta, the health system’s founding hospital. Piedmont Fayette, formerly known as Fayette Community Hospital, opened in 1997 and was last renovated in 2017.

July 30, 2025

Development Multifamily North Carolina Southeast

Turnbridge Equities to Break Ground on $200M Highline Glenwood Apartment Tower in Downtown Raleigh

by John Nelson July 30, 2025

RALEIGH, N.C. — Turnbridge Equities plans to break ground on Highline Glenwood, a $200 million apartment high-rise development located at the site of the former Pine State Creamery in downtown Raleigh. The 37-story tower will house 306 luxury studio, one-, two- and three-bedroom apartments, as well as an indoor/outdoor sky lounge on the 37th level and an outdoor amenity terrace on the ninth floor that will include a pool, padel court, lawn, grills and lounge areas. Other amenities include a demonstration kitchen, coworking suite with conference and videoconference rooms, golf simulator, fitness center and a wellness suite with a cold plunge and sauna. Highline Glenwood will also include 7,500 square feet of ground-level retail space and 50,000 square feet of adaptive reuse commercial space in the historic Pine State Creamery building, which will be preserved and house the 300-person hub offices of BuildOps. The site includes developable land for another 300 apartments or 300,000 square feet of commercial space. Capital sources for the Highline Glenwood development include equity from Turnbridge and $147 million in debt from Axos Bank and accounts managed by Manulife Investment Management Real Estate. Sitework is underway, with project delivery expected in mid-2028. The design-build team includes …

July 30, 2025

Acquisitions Florida Industrial Southeast

CBRE Negotiates $82.3M Sale of Metro Miami Industrial Portfolio

by John Nelson July 30, 2025

DORAL, FLA. — CBRE has negotiated the $82.3 million sale of a six-building industrial portfolio within America’s Gateway Park in Doral, a city in Miami’s Airport West submarket. Longpoint Partners, a Boston-based private equity firm, purchased the 301,988-square-foot portfolio from Terreno Realty Corp. José Lobón, Trey Barry, Frank Fallon, Royce Rose, George Fallon, Gabriel Braun and Daniel Sarmiento of CBRE represented the seller in the transaction. The sold buildings range in size between 32,990 square feet and 64,774 square feet and were collectively 91 percent leased at the time of sale to 21 tenants.

July 30, 2025

Newer Posts

Older Posts