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HospitalityLoansSoutheastTennessee

HKS Real Estate Arranges $25M Construction Financing for Dual-Branded Hotel in Antioch, Tennessee

by Abby Cox

ANTIOCH, TENN. — HKS Real Estate Advisors has arranged $25 million in financing for the development of a dual-branded hotel located within the master-planned community of Century Farms in Antioch, approximately 12 miles southeast of downtown Nashville. The building will offer 189 rooms under the Hampton Inn brand and the Home2 Suites by Hilton brand. Mountain Commerce Bank provided $15.6 million in senior debt notes, while Nuveen provided $9.9 million in C-PACE financing for the borrower, Nish Jobalia and Nick Patel of Milap Hotels LLC.

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AcquisitionsGeorgiaIndustrialSoutheast

Triten Real Estate Acquires 151,200 SF Industrial Facility in Calhoun, Georgia

by Abby Cox

CALHOUN, GA. — Triten Real Estate Partners has acquired a 151,200-square-foot industrial facility located at 103 Enterprise Drive SW in Calhoun. Positioned near I-75, the property offers transportation infrastructure, with proximity to the Georgia Ports Authority’s Appalachian Regional Port. This deal marks Triten’s first traditional industrial acquisition outside of Texas and in Atlanta, according to company representatives. The facility is fully leased through the end of the year. Austin Kriz of JLL represented Triten Real Estate in the transaction. The seller and sales price were not disclosed.

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AcquisitionsMississippiRetailSoutheast

Cushman & Wakefield Commercial Advisors Negotiates Sale of 26,612 SF Retail Center Near Memphis

by Abby Cox

SOUTHAVEN, MISS. — Cushman & Wakefield has negotiated the sale of South Creek Collection, a 26,612-square-foot retail center located in the Memphis suburb of Southaven, roughly 14 miles south of the Tennessee border. Situated at 7090 Malco Blvd., the center was built in 1999 and sits on nearly 20 acres. Tenants at the property include Once Upon A Child, Edible Arrangements, Envy Nails and Baskin-Robbins. Landon Williams and Katie Hargett of Cushman & Wakefield Commercial Advisors represented the buyer, an entity doing business as KAG3 Southaven Real Estate LLC, in the transaction. Eric Williams of Newmark represented the seller, a company doing business as South Creek Collection LLC.

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Market ReportsMultifamilyNorth CarolinaSoutheastSoutheast Market Reports

As New Supply Levels Off, Charlotte’s Multifamily Market Regains Momentum

by John Nelson

Charlotte’s multifamily market is turning a corner after a once-in-a-generation supply wave that introduced 19,000 new apartments into the metro area in 2024. While rent growth will be muted for most of the year as the market continues to absorb the new supply, the dynamic will shift toward the end of 2025, putting landlords back in the driver’s seat.  Record-low new apartment starts this year, combined with steady population growth and an economic climate that favors renting over owning will boost leasing activity in the second half of the year — and may even produce rent growth for the first time since 2022. Fundamentals in play Like many other Sun Belt cities, Charlotte has been on a joyride of growth stemming from in-migration since the COVID-19 pandemic. The city’s population expanded 2.2 percent between 2023 and 2024, making it one of the fastest-growing markets in the Southeast. Another 56,000 new residents are expected to move in by the end of the year, according to research from Berkadia. The long-term forecast for population growth is even rosier: the Charlotte Regional Business Alliance forecasts the metro population will surge by 50 percent over the next 25 years, driving demand for housing. Tariff …

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MXWL
DevelopmentKentuckySoutheastStudent Housing

Gilbane Breaks Ground on 655-Bed Student Housing Development Near University of Kentucky

by Abby Cox

LEXINGTON, KY. — Gilbane Development has broken ground on MXWL, a 655-bed student housing development near the University of Kentucky campus. Located at 201 E. Maxwell St. in Lexington, the property will offer 277 fully furnished units with bed-to-bath parity. Amenities will include a rooftop deck, game-day courtyards, fire pits, grilling stations, outdoor lounges, coworking spaces and a fitness center with a sauna. The property will also offer a 140-space underground parking garage, as well as covered bike storage. Construction began in June, while completion is scheduled for fall 2027. Humphreys & Partners Architects designed MXWL.

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Valen
Leasing ActivityMultifamilySoutheastVirginia

JBG Smith Launches Leasing at 355-Unit Valen Multifamily Community in Arlington, Virginia

by Abby Cox

ARLINGTON, VA. — JBG Smith has launched leasing at Valen, a 355-unit multifamily community located at 2050 S. Bell St. within the National Landing neighborhood of Arlington. New York City-based KPF designed the project. The 25-story tower offers studio, one-, two- and three-bedroom floorplans ranging in size from 524 square feet to 1,279 square feet, as well as 15,000 square feet of ground floor retail space. Monthly rental rates at Valen range from $2,250 to $5,820, according to Apartments.com. Amenities at the property include a rooftop swimming pool and lounge, fitness center, 24-hour concierge services, coworking facilities, community gathering spaces and a pet spa with a grooming station. Residents also have access to garage bike storage and electric vehicle charging stations. JBG Smith plans to achieve LEED Gold certification at Valen. Valen’s adjacent sister property, The Zoe, opened for leasing in December 2024 and includes 420 rental apartments.

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townley-court
Affordable HousingDistrict of ColumbiaLoansSoutheast

CPC Arranges $26.7M in Construction Financing for Affordable Housing Rehabilitation Project in D.C.

by Abby Cox

WASHINGTON, D.C. — The Community Preservation Corp. (CPC) has arranged $26.7 million in construction financing for the rehabilitation and expansion of Townley Court, a 45-unit affordable housing community located in the Glover Park neighborhood of Washington, D.C. DC Green Bank and J.P. Morgan provided $15.7 million in combined financing for the project, while additional financing included $5.2 million from Amazon and $5.8 million from American Housing. Additionally, CPC Mortgage Co. originated a $15.7 million Freddie Mac loan under a Targeted Affordable Housing (TAH) forward commitment. The financing will fund renovations to the apartment’s 45 existing units, with plans to build an additional seven units, as well as solar panels, electric vehicle charging stations and energy-efficient building upgrades. The eco-friendly improvements are estimated to cut both the building’s utility costs and greenhouse gas emissions by nearly 10 percent, while also meeting the Enterprise Green Communities certification upon completion of the renovation. Completion is targeted for September 2026.

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Ocean-Village-Square
AcquisitionsFloridaRetailSoutheast

Marcus & Millichap Brokers $8.4M Sale of Ocean Village Square Shopping Center in New Smyrna Beach, Florida

by Abby Cox

NEW SMYRNA BEACH, FLA. — Marcus & Millichap has brokered the $8.4 million sale of Ocean Village Square, a 60,631-square-foot shopping center located at 4154 – 4198 S. Atlantic Ave. in New Smyrna Beach. Built in 1986, the center is anchored by Dollar General and sits on 9 acres. Other tenants at the property include Nautilus Fitness NSB, Touch of Italy and the Atlantic Wellness Center. David Vaughan and Ray Turchi of Marcus & Millichap procured the buyer, a private investor based in Central Florida. The seller was not disclosed.

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FloridaLeasing ActivityMixed-UseSoutheast

L&L Holding, Oak Row Equities Secure 75,000 SF Office Lease Expansion with Amazon in Miami

by Abby Cox

MIAMI — L&L Holding Co. and Oak Row Equities have secured a lease expansion with Amazon at Wynwood Plaza, a 1 million-square-foot mixed-used development located within Miami’s Wynwood Arts & Entertainment District. The lease expansion — which will total more than 75,000 square feet — builds on Amazon’s original agreement in January to lease 50,333 square feet at the campus. Bryan Lapidus of L&L Holding, as well as Andrew Trench, Edward Quinon and Brian Gale of Cushman & Wakefield, represented Wynwood Plaza’s ownership in the lease negotiations. Tom Capocefalo and Mike Catalano of Savills represented Amazon. Wynwood Plaza’s office tower totals 266,000 square feet with a dedicated second-floor amenity hub that includes a fully equipped fitness center with showers and lockers, a golf simulator and conference rooms. Additional offerings include a landscaped rooftop with flexible seating options and shaded areas, a 25-foot grand lobby, air filtration systems, destination dispatch elevators with touchless entry and an onsite parking garage.

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DevelopmentFloridaMultifamilySoutheast

Codina Partners Breaks Ground on South Florida Multifamily Community, Secures $100M Construction Loan

by John Nelson

DORAL, FLA. — Codina Partners has broken ground on Sevilla, a seven-story, 412-unit apartment property within the 250-acre Downtown Doral mixed-use development in metro Miami. Additionally, Codina Partners has secured a $100 million construction loan from Regions Bank and Ocean Bank. Regions Bank will fund 65 percent of the loan, while Ocean Bank is providing the remaining 35 percent. Located at the corner of N.W. 53rd Street and N.W. 52nd Terrace, Sevilla will sit on 4.2 acres one block from UHealth’s new Ambulatory Center. The mid-rise apartment community will comprise one-, two- and three-bedroom apartments ranging in size from 720 to 1,708 square feet. Amenities will include a beach-entry pool and a pool deck with private cabanas and grilling areas; Zen courtyard with a dog park; rooftop deck with pickleball courts, yoga yard, walking path and seating; clubroom and lounge; two-story fitness center; and a rideshare lobby. Codina will develop Sevilla in two phases, with Phase I welcoming residents in first-quarter 2027 and Phase II delivering by third-quarter 2027. Codina’s Multi-Family Property Management Division will operate the property.

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