NASHVILLE, TENN. — Manova Partners, an international independent real estate firm headquartered in Munich, has sold Nashville West Shopping Center, a 323,927-square-foot, super-regional shopping center in Nashville near Vanderbilt University. Chris Decoufle, Kevin Hurley, Matt Karempelis of CBRE marketed the property on behalf of the seller. The buyer and sales price were not disclosed. Situated at the intersection of I-40 and Charlotte Pike, Nashville West was built in phases from 2007 to 2008 and comprises six single-story buildings across 31 acres. Tenants at the center, which was 98 percent leased at the time of sale, include Dick’s Sporting Goods, Best Buy, Ross Dress for Less, Marshalls, Cost Plus World Market, Old Navy, DSW and Books-A-Million. Costco, Target and Publix shadow-anchor the center.
CUMMING, GA. — JLL has signed four new tenants to leases at The Collection at Forsyth, a 565,000-square-foot mixed-use lifestyle center located in Cumming, a north Atlanta suburb. Sherri Wilson of JLL handles leasing efforts on behalf of the owner, CTO Realty Growth (CTO). Civil engineer firm Kimley-Horn will open a 16,500-square-foot office at the property, while real estate brokerage firm Berkshire Hathaway HomeServices Georgia Properties will operate a 4,002-square-foot space. Warby Parker will debut a 1,200-square-foot storefront, and The Cheesecake Factory will open a smaller-format restaurant (roughly 6,500 square feet) that will backfill a former Wild Wings Café. Other recent additions to The Collection at Forsyth include Sephora, Kilwins, BODYROK, The PICKLR, J. Crew Factory, Pandora, Build-A-Bear Workshop, Rocket Fizz Soda Pop and Candy Shop, Giggle Town, Dermani Medspa, Bahama Buck’s, True Rest Float Spa, Le Macaron, Spavia, F45 Training, Woof Gang Bakery and Master Jewelers. The Collection at Forsyth is 95 percent leased, with all remaining tenants expected to open this year.
If there is one defining characteristic of the Raleigh-Durham retail market today, it is scarcity. Exceptionally low vacancy — especially in high-quality, well-located centers — has become the norm rather than the exception, fundamentally reshaping leasing dynamics, rent growth and development strategy across the region. As of third-quarter 2025, overall retail vacancy in Raleigh-Durham stood at approximately 2.4 percent, marking four consecutive years below the 3 percent threshold. Even more telling, spaces under 10,000 square feet posted vacancy closer to 1.8 percent, underscoring just how competitive conditions have become for local and regional tenants. This imbalance between demand and supply has placed landlords in a position of sustained leverage, particularly in grocery-anchored centers, strong neighborhood and lifestyle shopping centers or mixed-use environments. Low vacancy matters because it drives outcomes. Lease-ups are happening faster, concessions are increasingly rare in top trade areas and rents continue to trend upward. For tenants, especially those seeking smaller footprints, waiting to engage often means missing opportunities altogether. For owners, the market rewards proactive asset management and disciplined tenant selection. A clear example of this dynamic is Olde Raleigh Village, a grocery-anchored community shopping center that is currently 100 percent leased. With no vacancy to contend …
MIAMI — Walker & Dunlop has arranged $80 million in construction financing for 10290 East Bay Harbor Drive, a luxury multifamily development on Bay Harbor Islands in Miami. Adam Schwartz, Jonathan Schwartz, Aaron Appel, Keith Kurland, Sean Reimer, Michael Diaz and Michael Ianno of Walker & Dunlop arranged the floating-rate, interest-only loan through New York-based Madison Realty Capital on behalf of the borrower, Clara Homes. 10290 East Bay Harbor Drive is the third apartment complex located within a three-phased master-planned development on Bay Harbor Islands. The six-story apartment building will total 250,000 square feet with 77 units, according to South Florida Business Journal, bringing Clara Homes to 150 luxury apartments on the Bay Harbor Islands. Amenities at the complex will include a rooftop swimming pool with panoramic views, fitness center and an outdoor yoga studio. 10290 East Bay Harbor Drive is also situated near Bal Harbour Shops, which is currently undergoing a $550 million redevelopment.
LOXLEY, ALA. — Jim Chapman Construction Group (JCCG) is underway on the construction of The Cottages at Loxley, a 250-unit build-to-rent residential community located in Loxley, a city in Alabama’s Baldwin County. The firm broke ground on the project in January, with vertical construction slated to begin later this year. Situated on roughly 51 acres along I-10, The Cottages at Loxley will comprise single-family rental homes ranging in size from 1,000 to 1,493 square feet, featuring open-concept layouts and attached private garages. Planned amenities will include a clubhouse, swimming pool, fitness center, onsite property management and 24-hour emergency maintenance. The community is designated to serve families within the Baldwin County Public Schools system, including Loxley Elementary School, Central Baldwin Middle School and Robertsdale High School.
DACULA, GA. — Indiana-based Thompson Thrift will develop Lineage, a 300-unit multifamily project in Dacula, an Atlanta suburb in Gwinnett County. The development will be capitalized with equity from Thompson Thrift’s 2026 Multifamily Development LP fund, while PNC Bank will provide construction financing for the project. Lineage marks Thompson Thrift’s 100th multifamily community to be developed nationwide. Spanning nearly 15 acres at the Harbins Road and Ga. State Route 316 interchange, Lineage will comprise four-story buildings with one-, two- and three-bedroom floorplans. Select homes will feature private patio, balcony and yard options, as well as detached garages, high-speed internet access and an Amazon package hub. Amenities will include a golf simulator, swimming pool, fitness center, pickleball court, lounges, coworking and conference space, a dog park, pet spa, outdoor firepits and grilling areas, event space and landscaped courtyards. Additionally, more than 9,500 square feet of street-level retail space will be designed with outdoor seating, “play” space and a designated area for outdoor concerts.
LEESBURG, FLA. — SRS Real Estate Partners has negotiated the $3.5 million ground lease sale of a restaurant property located at 9925 US-441 in Leesburg, about 45 miles northwest of Orlando. Chick-fil-A occupies the 4,935-square-foot building, which was built in 2024, on a corporate-guaranteed, absolute triple-net ground lease with 13 years remaining on the initial term. Patrick Nutt and William Wamble of SRS represented the seller, a national investor and developer, in the transaction. The 1031 exchange buyer was a Brooklyn, N.Y.-based private investor. Both parties requested anonymity.
ALPHARETTA, GA. — New York Life Insurance Co. is underway on plans to redevelop North Point Mall in Alpharetta, a suburb roughly 30 miles north of Atlanta. Jamestown has been tapped by New York Life to pursue the redevelopment entitlements for the development. The Atlanta-based firm, which manages the nearby Avalon mixed-use development following its acquisition of the Atlanta-based holdings and listings of North American Properties in 2024, will also oversee property management for North Point Mall effective March 1. Plans for the project include transforming the mall into a sports-anchored, mixed-use entertainment district. The redevelopment will position the 100-acre property to potentially host a National Hockey League (NHL) franchise expansion into the Atlanta metro area. “We think this is a great location for an NHL team and, hopefully, our efforts will attract an owner who wants to acquire an expansion team and bring hockey back to Atlanta,” says Tim Perry, chief investment officer at Jamestown. “The site is well-positioned for redevelopment and to accommodate event and game day traffic associated with an NHL hockey arena.” Machete Group, a Houston-based advisory firm specializing in developing and operating sports venues, will partner with Jamestown to guide the redevelopment. “We’re looking forward to …
SAVANNAH, GA. — For the third time in 10 years, JLL has arranged the sale of the Westin Savannah Harbor Golf Resort & Spa, a 299-acre hospitality property located adjacent to the newly expanded Savannah Convention Center on Hutchinson Island. Andrew Dickey, Maciej Polek and Derek Hayden of JLL represented the undisclosed seller in the transaction. Hersha Hotels and Resorts, a KSL portfolio company, purchased the resort for an undisclosed price. In addition to 403 guestrooms, the Westin Savannah Harbor Golf Resort & Spa features more than 51,800 square feet of indoor and outdoor meeting venues, five food-and-beverage outlets, an 18-hole championship golf course designed by Robert Cupp and Sam Snead, the 17-room Heavenly Spa by Westin, a resort-style pool with river views, tennis and pickleball facilities and an 18-hole disc golf course.
OCEAN CITY, MD. — The McClellan Team at SVN | Miller Commercial Real Estate has negotiated the sale of 21 acres of land underlying Outlets Ocean City, a 200,000-square-foot outlet mall in Ocean City. The outlet mall is subject to a long-term ground lease with leasehold improvements by the new ownership. The Elliott Family sold the land to the undisclosed buyer. The new ownership group has tapped the McClellan Team and Ryan Finnegan of SVN | Miller to lease Outlets Ocean City, which has six units available for lease. According to the property’s online directory, the outlet mall’s tenant roster includes American Eagle, Carter’s, Crocs, HomeGoods, J. Crew Factory, Mione’s Pizza, Old Navy Outlet, Outback Steakhouse, Rack Room Shoes, Skechers, Sunglass Hut and Under Armour, among other brands.