Tuesday, April 21, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Southeast

Lakeside-Logistics-Center-Plant-City-Florida
FloridaIndustrialLoansNortheastPennsylvaniaSoutheastTop Stories

PCCP Provides $245.8M in Financing for Eight Industrial Buildings in Pennsylvania, Florida

by Taylor Williams

LOS ANGELES — Los Angeles-based PCCP LLC has provided $245.8 million in financing for eight industrial buildings in Pennsylvania and Florida. Six of the buildings are located in Central Pennsylvania, and the other two are located along the I-4 corridor in Florida. PCCP packaged the funds within three senior loans, proceeds of which will be used to refinance existing debt. The eight buildings are concentrated within three industrial developments. The borrower is CBRE Investment Management, and the loans were placed by Scott Lewis, Matt Ballard, Christine Dierker and Brooke Kellam of CBRE. In the first transaction, PCCP provided a $142.4 million loan for Capital Logistics Center in Middletown, Pa. The development consists of six buildings that were constructed between 1970 and 2018 and range in size from 115,890 to 400,060 square feet. Buildings feature an average clear height of 32 feet and a combined 147 dock doors, 10 drive-in doors, 649 car parking spaces and 129 trailer parking stalls. Capital Logistics Center was 92 percent leased at the time of the loan closing. In the second deal, PCCP provided a $70 million loan for Centerstate Logistics Center, a 1 million-square-foot development in Lakeland, Fla. Delivered in 2021, Centerstate Logistics Center …

Continue Reading
FacebookTwitterLinkedinEmail
Emerson
AcquisitionsMultifamilySoutheastStudent HousingTop Stories

Kennedy Wilson Agrees to Acquire Toll Brothers’ Apartment Living Platform for $347M

by Abby Cox

BEVERLY HILLS, CALIF. AND FORT WASHINGTON, PA. — Kennedy Wilson (NYSE: KW) has agreed to acquire the Toll Brothers Apartment Living platform from the national homebuilder for $347 million. The transaction is expected to close next month and will bring more than $5 billion of assets under management to Kennedy Wilson. The acquisition includes ownership of 18 apartment and student housing properties valued at $2.2 billion, as well as management contracts for an additional 20 properties totaling $3 billion in value. Kennedy Wilson will also take control of — and assume the construction management responsibilities for — 29 development sites worth an estimated $3.6 billion. Kennedy Wilson expects to make an initial investment of approximately $90 million in the acquired interests, which will be funded from existing Kennedy Wilson partners.  “This purchase helps create an unparalleled national platform within the rental housing space that totals over 80,000 units we own, finance or manage,” says William McMorrow, chairman and CEO of Kennedy Wilson. As part of the transaction, Kennedy Wilson will acquire the Toll Brothers Apartment Living management team to oversee the existing portfolio, with plans to make offers to all current Toll Brothers’ employees. Meanwhile, Toll Brothers Inc. (NYSE: TOL) …

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialSouth CarolinaSoutheast

Scout Motors to Invest $300M for New 2.3 MSF ‘Supplier Park’ in Blythewood, South Carolina

by John Nelson

BLYTHEWOOD, S.C. — Scout Motors plans to invest an additional $300 million for the development of a “supplier park” at its advanced manufacturing campus in Blythewood, about 18 miles north of Columbia, S.C. The three new facilities will be situated on 200 acres adjacent to the main production buildings and create 1,000 new jobs, according to Scout Motors. The buildings will span 2.3 million square feet and will have three separate functions: sequencing of parts for final assembly, high-volume battery assembly and the installation of vehicle accessories. Evans General Contractors is constructing the supplier park, and PRP Real Assets is serving as the project advisor. Scout Motors announced its $2 billion Blythewood campus in 2023 with plans to manufacture its fleet of electric trucks and SUVs. The company recently announced it has awarded an estimated $368 million in supplier contracts that will support 1,000 new jobs in South Carolina.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialMarylandSoutheast

Equus Capital Acquires Industrial Portfolio in Upper Marlboro, Maryland for $102.6M

by John Nelson

UPPER MARLBORO, MD. — An affiliate of Equus Capital Partners Ltd. has acquired a six-building, 576,852-square-foot industrial portfolio in Upper Marlboro, about 21 miles outside of Washington, D.C. The properties are situated within Collington Industrial Park in Prince George’s County and range in size from 50,000 to 150,000 square feet. Mapletree Investments Pte Ltd. sold the properties, which were approximately 90 percent leased at the time of sale, for $102.6 million. Jonathan Carpenter, Jim Carpenter, Graham Savage, Dawes Milchling and James Check of Cushman & Wakefield’s Northeast Industrial Advisory Group represented Mapletree in the transaction. Tim Feron, Laura Brestelli and Tucker Scaringe of Equus oversaw the acquisition and financing for the portfolio, which Equus purchased on behalf of a value-add fund that it sponsors.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMarylandMultifamilySoutheast

Berkadia Brokers $73M Sale of Adjacent Apartment Buildings in South Baltimore

by John Nelson

BALTIMORE — Berkadia has brokered the $73 million sale of 1901 South Charles, two apartment buildings located across the street from each other in south Baltimore. The property consists of The Lofts (193 units at 1901 S. Charles St.; built in 2012) and The Flats (152 units at 2 E. Wells St.; built in 2015). The properties were approximately 95 percent occupied at the time of sale and are certified LEED Gold. Drew White, Brian Crivella, Carter Wood, Bill Gribbin, Yalda Ghamarian and Cole Carns of Berkadia represented the seller, New York-based Benefit Street Partners, in the transaction. The privately held buyer, San Francisco-based FPA Multifamily, assumed an existing HUD loan assumption as part of the transaction. The Lofts and The Flats comprise studio, one- and two-bedroom units that average 853 square feet in size and feature fully equipped kitchens with granite countertops, oversized windows, full-size washers and dryers, walk-in closets, 9-foot ceilings and patios/balconies in select units. Amenities include a 5,000-square-foot residential lounge, courtyard with grilling stations, 24-hour fitness center, rooftop deck with views of the Baltimore skyline and indoor parking with 534 spaces.  

Continue Reading
FacebookTwitterLinkedinEmail
AlabamaBuild-to-RentDevelopmentMultifamilySingle-Family RentalSoutheast

Jim Chapman Construction Breaks Ground on 304-Unit Build-to-Rent Project in Opelika, Alabama

by John Nelson

OPELIKA, ALA. — Jim Chapman Construction Group has broken ground on Creekside Cottages, a 304-unit build-to-rent (BTR) project at the intersection of Society Hill Road and Gateway Drive in Opelika, about eight miles east of Auburn. The developer is an undisclosed, publicly traded REIT. The general contractor recently finished clearing and grading on the 67.6-acre site and will begin vertical construction in late December. Phase I of Creekside Cottages will comprise 225 attached townhomes, with leasing set to begin in spring or summer 2026. Units will range in size from 1,000 to 1,439 square feet and feature two- and three-bedroom configurations. Each home will include attached garages, vinyl plank flooring, granite countertops, stainless steel appliances and in-unit washers and dryers. Amenities will include gated access, a clubhouse, swimming pool, dog park, sidewalks, streetlights and onsite property management and maintenance teams.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMarylandMultifamilySoutheast

Newmark Provides Agency Refinancing for New 350-Unit Apartment Community in Frederick, Maryland

by John Nelson

FREDERICK, MD. — Newmark has provided a Fannie Mae near-stabilization loan for the refinancing of EDE, a new 350-unit apartment community in Frederick. The amount of the fixed-rate loan was not disclosed. Adam Randall, John Westby-Gibson and Drake Blodgett of Newmark originated the five-year, interest-only loan on behalf of the borrower, The Goldstar Group. Completed in 2024, EDE features a mix of studio, one-, two- and three-bedroom apartments, as well as a resort-style pool with a sun shelf and daybeds, clubroom, 24-hour fitness center, coworking spaces and a coffee bar.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialNorth CarolinaSoutheast

JLL Income Property Trust Acquires Metro Raleigh Distribution Center for $190M

by John Nelson

APEX, N.C. — JLL Income Property Trust has acquired West Raleigh Distribution Center, a five-building, 985,000-square-foot industrial park located in the Raleigh suburb of Apex. The seller was not disclosed. Situated near I-540, West Raleigh Distribution Center was 87 percent leased at the time of sale to a mix of eight tenants, the largest of whom is a major distributor to the biotech and healthcare sectors. The buildings were constructed in 2024 and 2025.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsAlabamaMultifamilySoutheast

Oakley Group Buys Flats at East Bay Apartments in Fairhope, Alabama for $49.8M

by John Nelson

FAIRHOPE, ALA. — Birmingham, Ala.-based Oakley Group has acquired Flats at East Bay in Fairhope for $49.8 million. Stoa Group was the seller. Craig Hey of Cushman & Wakefield arranged the sale. Oakley has appointed Arlington Properties to manage the 240-unit community, which is located at 9376 Twin Beech Road on the eastern shoreline of Mobile Bay, about 26 miles south of Mobile. Flats at East Bay was completed in 2024 and features 10 three-story buildings with one-, two- and three-bedroom units and amenities such as a resort-style pool with cabanas, a fitness center, dog park, walking trails, grills, coworking space with conference rooms, fire pit and electric vehicle charging stations.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentGeorgiaMixed-UseRestaurantRetailSoutheast

Atlantic Residential Gives Update on 47,000 SF Retail Plaza at Crossing at Coal Mountain in Metro Atlanta

by John Nelson

CUMMING, GA. — Atlantic Residential has made progress on Phase I of the retail plaza at The Crossing at Coal Mountain, a 140-acre mixed-use development underway in Cumming, a northern suburb of Atlanta. The project sits in the Coal Mountain region of north Forsyth County and will feature apartments, retail space and for-sale homes being developed in partnership with Toll Brothers. Atlantic Residential broke ground in July on the 47,000 square feet of shops, restaurants and entertainment space at the development, with plans to complete construction in summer 2026. Food-and-beverage concepts at The Crossing at Coal Mountain will make up 60 percent of the retail offerings, while the remaining 40 percent will include soft goods and services such as spas, salons, fitness concepts and a 20,000-square-foot pad ideal for a small-format grocery or market anchor, as well as other service-based businesses. Atlantic Residential has selected Jennifer Steffen and Matt Maloney of JLL to handle the retail leasing assignment at the development. Construction progress to date includes framing of the project’s mixed-use building up to its fifth level, two of the multifamily buildings and installation of roads and infrastructure.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts