Wednesday, June 17, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Southeast

AcquisitionsArkansasMultifamilySoutheast

CLK Properties Buys 324-Unit Apartment Community in Jonesboro, Arkansas

by John Nelson

JONESBORO, ARK. — CLK Properties has purchased Willow Creek, a 324-unit apartment community located at 6 Willow Creek Lane in Jonesboro. The seller, Montana-based Braxton Development, sold the property to CLK Properties for an undisclosed price. Aaron Jungreis and David Wildes of Rosewood Realty represented both the buyer and the seller in the transaction. Built in 2011 by Braxton Development, Willow Creek features 10 three-story buildings, as well as two resort-style swimming pools, a playground, two modern fitness centers and a clubhouse with a business center. Willow Creek is the second property in Jonesboro for CLK Properties, as the New York City-based firm purchased the 264-unit Landing at Greensborough Village last year. CLK Properties owns more than 19,000 apartments in its portfolio, including 2,300 in Memphis where the firm keeps a regional headquarters.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsAlabamaIndustrialSoutheast

GCP, Highline Purchase 404,000 SF Industrial Park Near Birmingham

by John Nelson

ALABASTER, ALA. — Growth Capital Partners (GCP) and Highline Real Estate Partners have acquired Shelby West, a 404,000-square-foot industrial park in suburban Birmingham. The property represents the third investment for the GCP-Highline investment platform, which also includes strategic equity placements from the McWane Family and other third-party investors. The facilities at Shelby West include a 250,000-square-foot building at 175 Airview Lane and a 154,000-square-foot property at 1840 Corporate Woods Drive. The Airview building was built in 2006 and recently leased to MailSouth and AGC. The Corporate Woods building was built in 2009 and leased to The Home Depot and U.S. AutoForce. Adam Eason of Cushman & Wakefield | EGS Commercial Real Estate represented the seller in the transaction. Brad Moffatt of Cushman & Wakefield | EGS is handling the leasing at Shelby West. The sales price was not disclosed but the sellers were entities doing business as Shelby West Industrial Enterprises and Shelby West Industrial Enterprises II.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialSoutheastWest Virginia

Time Equities Acquires 363,000 SF Industrial Building in Huntington, West Virginia

by John Nelson

HUNTINGTON, W.VA. — Time Equities Inc. (TEI) has purchased a 363,000-square-foot industrial facility located at 550 27th St. in Huntington. Sierra Corp. sold the property to the New York City-based firm for $9 million. The property was fully leased at the time of sale to a combination of national, regional and local tenants. The facility is located adjacent to the CSX Transportation rail hub and the Port of Huntington, which is situated along the Ohio River. Sal Ramundo of Marcus & Millichap represented the seller in the transaction. Max Pastor and Brian Soto led the TEI acquisitions team internally.

Continue Reading
FacebookTwitterLinkedinEmail
Emergency Rental Assistance Program graph
Affordable HousingArbor Realty TrustContent PartnerDevelopmentFeaturesMidwestMultifamilyNortheastSoutheastTexasWestern

As Affordability Crisis Deepens, Policies and Market Shift to Assist the Underserved

by Sarah Daniels

By Omar Eltorai, Arbor Realty Trust To understand the affordable housing market in spring 2022, one needs to first assess how this sector weathered the pandemic and then assess the current state of housing affordability across the country. In-depth findings on these trends are included in the Arbor Realty Trust-Chandan Economics Affordable Housing Trends Report, from which this article is excerpted. Weathering the Pandemic When it comes to the pandemic response, federal policymakers proved effective at defusing a large-scale increase in homelessness from financially insecure households. The Center for Disease Control and Prevention’s (CDC) eviction moratorium, while unpopular among industry advocates, prevented an estimated 1.6 million evictions, according to an analysis by Eviction Lab. After the Supreme Court struck down the federal moratorium in August 2021[1], the wave of evictions that many were forecasting did not immediately materialize. Nationally, tracked eviction filings ticked up but remained well below their pre-pandemic averages, according to Eviction Lab. A key reason why many at-risk renters have remained in their homes is the deployment of funds allocated in the Emergency Rental Assistance Program (ERA) — a funding pool designed to assist households that are unable to pay rent or utilities. The ERA Program was …

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsDevelopmentFloridaMixed-UseMultifamilyRetailSoutheast

Electra America and BH Group Buy South Florida Mall for $100.4M, Plan Mixed-Use Redevelopment

by John Nelson

CUTLER BAY, FLA. — Electra America and BH Group have formed a joint venture to purchase Southland Mall, a 808,776-square-foot shopping mall in the Miami suburb of Cutler Bay. The buyers purchased the 80-acre site for $100.4 million with plans to reposition the mall and develop new Class A apartments on the campus. The joint venture is working closely with the Town of Cutler Bay on the redevelopment project. Located at 20505 S. Dixie Highway, Southland Mall was 80 percent leased at the time of sale to more than 100 tenants, including JC Penney, Macy’s, T.J. Maxx, LA Fitness, Regal Cinemas, Old Navy, Sephora, Kay Jewelers and Applebee’s. According to the buyers, Southland Mall is the only enclosed regional mall servicing southern Miami-Dade County through the Florida Keys. Michael Fay, John Crotty, David Duckworth and Brian de la Fé of Avison Young represented Electra America and BH Group in the land deal. The seller(s) was not disclosed. Southland Mall includes a former Sears department store and auto center that were not part of the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentFloridaIndustrialSoutheast

Bridge Industrial Obtains $153.5M Construction Loan for Metro Miami Logistics Project

by John Nelson

MIAMI GARDENS, FLA. — Bridge Industrial has obtained a $153.5 million construction loan to complete Phase II of Bridge Point Commerce Center, a 2.7 million-square-foot logistics park in Miami Gardens. Steve Roth of CBRE arranged the loan through CIBC Bank on behalf of Bridge Industrial. The second phase, which comprises two buildings totaling 1.6 million square feet, is expected to deliver in third-quarter 2023. Each building will span 794,230 square feet and feature 36-foot clear heights. There are build-to-suit and build-to-own opportunities available at the project, according to Bridge Industrial. Located on a 186-acre site at 4310 NW 215th St., Bridge Point Commerce Center features frontage on the Florida Turnpike and is equidistant between Miami International Airport and Fort Lauderdale International Airport. Phase I spans 1.1 million square feet across three buildings and is fully leased to tenants including City Furniture and HapCor.

Continue Reading
FacebookTwitterLinkedinEmail
FloridaMixed-UseSoutheast

CBRE Brokers $95M Sale of Cascades Mixed-Use Property in Downtown Tallahassee

by John Nelson

TALLAHASSEE, FLA. — CBRE has brokered the $95 million sale of The Cascades, a newly built mixed-use development in downtown Tallahassee. Built in 2021, the property features 161 apartments, 44,247 square feet of office space, nearly 30,000 square feet of retail space, two plazas and a 4,914-square-foot historical building. The property also includes a 770-space parking garage and three development pads that can support 173 more apartments. Frank Carriera, Mike Regan, Joe Ayers, Cliff Taylor and Mike Harrell of CBRE represented both the buyer, Becovic Management Co., and the seller, Cincinnati-based North American Properties, which built the property in partnership with the City of Tallahassee.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentSoutheastStudent HousingVirginia

Pinecrest Breaks Ground on 509-Bed Student Housing Community Near VCU in Richmond

by John Nelson

RICHMOND, VA. — Pinecrest has broken ground on Parc View at Commonwealth, a 509-bed community in Richmond serving students attending Virginia Commonwealth University (VCU). The 275,000-square-foot property will offer a mix of one-, two-, three- and four-bedroom units with bed-to-bath parity. Shared amenities within the 16-story community are set to include study spaces; a two-story parking garage with bike parking; a penthouse-level clubhouse; multi-purpose art studio; Zen wellness terrace; outdoor courtyard; and a rooftop deck lounge with grills, fire pits and seating. The project team includes Hickok Cole Architecture & Interior Design, Timmons Group Civil Engineering and Rycon Construction. Pinecrest, a student housing developer with offices in metro Chicago and Los Angeles, plans to deliver Parc View at Commonwealth in summer 2024.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMultifamilyNorth CarolinaSoutheast

Waypoint Residential Acquires Land in Charlotte, Plans 240-Unit Apartment Community

by John Nelson

CHARLOTTE, N.C. — Waypoint Residential has acquired a 20-acre development tract in Charlotte’s Mountain Island Lake submarket. The Boca Raton, Fla.-based developer plans to build a 240-unit, garden-style apartment community on the site with units averaging approximately 900 square feet. No community amenities were announced. The land seller, locally based US Developments, is working with Waypoint Residential to find other development sites in the Charlotte MSA. Waypoint Residential plans to break ground in the fourth quarter and deliver first units in fourth-quarter 2023. The developer plans to fully deliver the unnamed community by the second quarter of 2024. The site is across the street from a Food Lion-anchored shopping center and is within three miles of the U.S. National Whitewater Center.

Continue Reading
FacebookTwitterLinkedinEmail
Bainbridge-Industrial
DevelopmentIndustrialMarylandSoutheastTop Stories

MRP Industrial, Hillwood Development Plan 3.7 MSF Bainbridge Logistics Center in Port Deposit, Maryland

by Katie Sloan

PORT DEPOSIT, MD. — A joint venture between MRP Industrial and Hillwood Development Co. has announced plans for Bainbridge Logistics Center, a 3.7 million-square-foot industrial development in the town of Port Deposit, located in Maryland’s Eastern Shore region.  Bainbridge Naval Training Center formerly occupied the 440-acre site, which is located three miles from Interstate 95, approximately 42 miles from Baltimore and 40 miles from Wilmington, Delaware. The project’s first phase of development will include two single-story, speculative, Class A warehouse and logistics buildings totaling 1 million square feet and 605,280 square feet, respectively.  The developers are seeking LEED certification for both buildings, which will include LED lighting and white reflective roofs, among other energy-saving design features. Both assets will offer deep truck courts to support the movement of large tractor trailers; parking fields for both employees and visitors; and large floor plates to accommodate a range of uses, including light manufacturing, warehouse, logistics and last-mile operations.  The development will also feature $30 million worth of infrastructure improvements, including expansion of both water and sanitary services to support the logistics center and the surrounding community; the construction of three miles of public roads to connect the park to three highways; and …

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts