Wednesday, May 6, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Southeast

DevelopmentGeorgiaMixed-UseMultifamilyRetailSoutheast

Branch Receives City Council Approval for Lakeshore Mall Redevelopment in Gainesville, Georgia

by John Nelson

GAINESVILLE, GA. — Atlanta-based Branch Properties has received civic approval for the redevelopment of Lakeshore Mall, a former shopping mall in Gainesville that opened in 1970. Gainesville City Council unanimously approved the developer’s vision for a 49-acre mixed-use redevelopment that was announced this past fall. Branch plans to break ground on the redevelopment in late 2026 and wrap up construction in 2028. Located between Lake Lanier and I-985, the new Lakeshore Mall project will usher in 652 multifamily residences, 38,200 square feet of community green space and more than 300,000 square feet of retail space, including existing anchors Belk and Dick’s Sporting Goods, both of which will remain open during the redevelopment. Dick’s will relocate to a new store within the redevelopment. Len Erickson of Franklin Street is leading the project’s retail leasing component with Branch. Future plans for the project could include a hotel and townhomes.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentFloridaMultifamilySoutheast

Forman Capital Provides $53.7M Construction Loan for Multifamily Project in Hollywood, Florida

by John Nelson

HOLLYWOOD, FLA. — Forman Capital has provided a $53.7 million construction loan for Caltopia, a new multifamily development in the South Florida city of Hollywood. The developer and borrower, Coral Gables, Fla.-based Calta Group, is developing the 251-unit community in two phases. Phase I will feature 100 units averaging 751 square feet in size, and Phase II will span 151 units averaging 740 square feet in size. Units will come in studio, one- and two-bedroom configurations, and amenities will include a pool, fitness center and yoga room, dog spa, lounge and kitchen area, EV chargers, coworking space and 24-hour package storage and pickup. Calta Group plans to break ground on Phase I in the fourth quarter and deliver about 18 months later. Scott Mehlman and Ty Regnier of Forman Capital originated the financing on behalf of Calta Group, which is also underway on another apartment development in Hollywood. George Gnad, Mathew Gnad and Helmut Fischer of Lenders Capital Realty Services arranged the financing.

Continue Reading
FacebookTwitterLinkedinEmail
FloridaHospitalityLoansSoutheast

Hunter Hotel Advisors Arranges $35.5M Loan for Moxy Miami Wynwood Hotel

by John Nelson

MIAMI — Atlanta-based Hunter Hotel Advisors has arranged a $35.5 million loan for the recapitalization of the Moxy Miami Wynwood, a 120-room hotel that opened in October. The developer of the eight-story hotel was a 50/50 joint venture between Baywood Hotels and Dolphin Capital Partners. Charlie Ryan and Adeel Amin of Hunter’s capital markets team arranged the loan through Synovus Bank on behalf of Baywood Hotels. Moxy Miami Wynwood is located at 255 N.W. 25th St. in the city’s Wynwood district. The 110,000-square-foot property includes two signature restaurants (Sparrow Italia and Casa Madera), as well as fitness center, event space and 49 parking spaces.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsHealthcareOfficeSoutheastVirginia

KLNB Negotiates $7.9M Sale of Medical Office Building in Fairfax, Virginia

by John Nelson

FAIRFAX, VA. — KLNB has negotiated the $7.9 million sale of a multi-tenant medical office building in Fairfax, 14 miles outside Washington, D.C. Joe Friedman and Josh Norwitz of KLNB represented the seller and procured the buyer in the transaction. Both parties were not disclosed. Totaling 54,085 square feet, the property was 40 percent leased at the time of sale by medical tenants including sports rehab, post-op rehab, dentistry and behavioral health groups. Located at 8500 Executive Park Ave., the property is situated in a medical office cluster near major healthcare facilities such as Children’s National Hospital and Inova Fairfax Hospital.

Continue Reading
FacebookTwitterLinkedinEmail
Market ReportsMultifamilyNorth CarolinaSoutheastSoutheast Market Reports

Multifamily Operators in Raleigh-Durham Strive to Maintain Profitability

by John Nelson

For all Top 50 NMHC third-party management firms, the subject of managing rising operating costs is a topic that has come to be front and center in many recent client conversations.  “As 2025 budget discussions were taking center stage toward the end of 2024, our clients increasingly highlighted the issues of rising operating costs,” says Lisa Narducci-Nix, director of business development at Drucker + Falk.  “This trend”, she adds, “underscores our need for strategic planning and cost management to navigate the continued challenges ahead.”  The multifamily sector is facing unprecedented headwinds as operating costs continue to rise, driven by factors ranging from inflation and labor shortages to increased insurance premiums and energy expenses. As a result, multifamily operators are working to find ways to maintain profitability while providing quality living spaces for their residents.  “In this challenging environment, it is clear to us that adapting to these rising costs will require a multifaceted approach — one that blends innovation, strategic marketing, operational efficiency and technological adoption,” says Narducci-Nix. Challenges of rising costs Across its 11-state footprint spanning over 42,000 units, Drucker + Falk has seen operating costs for many of its managed assets surge in recent years. The supply chain …

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentGeorgiaIndustrialSoutheast

Southwire to Open 1.2 MSF Distribution Center in Bremen, Georgia

by John Nelson

BREMEN, GA. — Southwire plans to open a new 1.2 million-square-foot distribution center in Bremen, located 45 miles west of Atlanta via I-20. The new center will combine operations with three existing distribution sites in Villa Rica, Ga., serving as a centralized distribution center for customers across the organization. Upon completion, the center will rank as one of Southwire’s largest facilities for its distribution and shipping operations in the West Georgia region. The facility is scheduled to be completed by the third quarter of 2026. Southwire opened its most recent distribution center in the Dallas-Fort Worth area in August 2024.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMultifamilySoutheastTennessee

IPA Negotiates $52M Sale of Stonehenge Apartments in Suburban Nashville

by John Nelson

LEBANON, TENN. —Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $52 million sale of Stonehenge, a 228-unit multifamily property in Lebanon, roughly 20 miles east of downtown Nashville. Completed in 2023, the property is situated on 13 acres and offers units ranging in size from one- to three-bedrooms. Amenities include a saltwater swimming pool, clubhouse, fitness center and an entertainment lounge. David Stollenwerk, Will Balthrope and Drew Garza of IPA represented the seller and secured the buyer in the transaction. The buyer and seller were not disclosed. Brian Eisendrath, Cameron Chalfant and Jake Vitta of IPA Capital Markets arranged acquisition financing for the buyer. Jody McKibben served as Marcus & Millichap’s broker of record in Tennessee for the deal.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsAlabamaIndustrialSoutheast

JLL Arranges Sale of 373,015 SF Industrial Property in Mobile, Alabama

by John Nelson

MOBILE, ALA. — JLL Capital Markets has arranged the sale of Mobile Portside, a two-building industrial property totaling 373,015 square feet in Mobile. The two facilities were fully leased at the time of sale and feature 32- to 36-foot clear heights, 180- to 185-foot truck courts, ESFR sprinkler systems and dock doors. Jim Freeman, Britton Burdette and Dennis Mitchell of JLL represented the seller, Burton Property Group, in the transaction. One Liberty Properties Inc. was the buyer. The sales price was not disclosed. Built in 2023, Mobile Portside comprises Buildings D and N and is situated within the South Alabama Logistics Park, the largest master-planned industrial development between Texas and Georgia. The property offers access to the Port of Mobile and spans more than 1,000 developable acres. Upon completion, the park will offer approximately 11.1 million square feet of industrial space.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsFloridaRetailSoutheast

SRS Brokers $4M Sale of Multi-Tenant Retail Property in Metro Tampa

by John Nelson

TEMPLE TERRACE, FLA. — SRS Real Estate Partners has brokered the $4 million sale of Telecom Village, a 6,323-square-foot, multi-tenant retail property in the Tampa suburb of Temple Terrace. At the time of sale, the property was fully occupied by four tenants: Foxtail Coffee Co., Zoom Tan, Hummus Republic and Barberitos. Located at 7021 E. Fletcher Ave., the asset sits on roughly 1.1 acres. Patrick Nutt and William Wamble of SRS represented the seller, a Florida-based private investor, in the transaction. The buyer was a Tampa-based private investor who purchased the property at a 6.2 percent cap rate. Both parties requested anonymity.

Continue Reading
FacebookTwitterLinkedinEmail
District of ColumbiaSoutheast

US Hiring Slowed to 143,000 Jobs in January, BLS Reports

by Kristin Harlow

WASHINGTON, D.C. — The U.S. economy added 143,000 jobs in January, falling short of the 169,000 figure projected by economists surveyed by The Wall Street Journal. The U.S. Bureau of Labor Statistics (BLS) reports that employers added 111,000 private sector jobs, while government sector employment grew by 32,000. Meanwhile, the unemployment rate in January was 4 percent, down from 4.1 percent the prior month. The BLS noted that neither the wildfires in Southern California that began in early January nor the cold weather across much of the country for a significant portion of the month had any discernable impact on national payroll employment, hours and earnings. In January, job gains occurred in healthcare, retail trade and social assistance. Employment declined in the mining, quarrying, and the oil and gas extraction industry. More specifically, the healthcare sector added 44,000 jobs in January, including gains in hospitals (+14,000), nursing and residential care facilities (+13,000), and home health care services (+11,000). Job growth in healthcare averaged 57,000 per month in 2024. Retail trade employment increased by 34,000 in January. Job gains occurred in general merchandise retailers (+31,000) and furniture and home furnishings retailers (+5,000). Electronics and appliance retailers lost 7,000 jobs. Retail trade …

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts