Southeast

Walker & Dunlop Arranges $58M Refinancing for Two Multifamily Communities in North Charleston

by Abby Cox April 10, 2026

NORTH CHARLESTON, S.C. — Walker & Dunlop has arranged a $58 million loan to refinance two multifamily communities in North Charleston: Ellevate St. Ives and Ellevate North Charleston. Walker Layne, Matt Wallach, Stephen West, Austin Sneed and Tyler Roberts of Walker & Dunlop secured the floating-rate, interest-only bridge loan through Bridge Investment Group on behalf of the borrower, Chapel Hill, N.C.-based Eller Capital Partners. Located at 7930 St. Ives Road, Ellevate St. Ives comprises 248 apartments ranging in size from 680 to 1,048 square feet, according to Apartments.com. Amenities at the garden-style complex include a clubhouse, car wash area, fitness center, swimming pool, playground, courtyard and grilling and picnic areas. Ellevate North Charleston, which is situated at 2225 Greenridge Road, offers 192 garden-style apartments and features a mix of amenities such as a resort-style swimming pool, fitness center, picnic area, pet play area, dog park, outdoor grills and tennis courts. Both properties participate in South Carolina’s affordable housing tax abatement program, with 75 percent of units reserved for residents making 80 percent or less of the area median income (AMI), and 20 percent of the apartments reserved for residents making 50 percent or less of the AMI, in exchange for …

April 10, 2026

Affordable Housing Development Florida Loans Southeast

McDowell Housing Breaks Ground on $41.9M Affordable Housing Project in Pensacola, Florida

by Abby Cox April 10, 2026

PENSACOLA, FLA. — McDowell Housing Partners has broken ground on Ekos at Warrington, a 120-unit affordable housing community located in Pensacola near the Naval Air Station (NAS). The community will serve a mix of income levels, with 10 percent of units reserved for extremely low-income (ELI) households at 40 percent of the area median income (AMI), and the remaining 90 percent of units serving households at or below 60 percent AMI. Also, 50 percent of the total units will be set aside for active-duty military members, veterans and their families, including half of the ELI units that will be reserved for veterans experiencing homelessness. Ekos at Warrington is expected to be completed in the third quarter of 2027. Located at 280 Dogwood Drive, Ekos at Warrington will span four, three-story buildings, along with a standalone clubhouse. The project will provide 72 one-bedroom, 36 two-bedroom and 12 three-bedroom units ranging in size from 631 to 1,197 square feet. Amenities will include onsite management and maintenance offices, a ﬁtness center, community room with a kitchenette and game tables, media/business center with a computer lab, as well as a swimming pool, playground, dog park, barbecue area and a gazebo. The project will meet National Green …

April 10, 2026

Acquisitions Industrial South Carolina Southeast

JLL Negotiates Sale of 252,720 SF Distribution Facility in Columbia, South Carolina

by Abby Cox April 10, 2026

COLUMBIA, S.C. — JLL Capital Markets has negotiated the sale of Gateway One, a 252,720-square-foot distribution facility located within 803 Industrial Park in Columbia. Pete Pittroff, Dave Andrews, Michael Scarnato and Michael Lewis of JLL represented the seller, locally based Magnus Development Partners, in the transaction. Atlanta-based Invesco Real Estate acquired the property for an undisclosed price. Delivered in 2023 as the first building within 803 Industrial Park, Gateway One features tilt-up concrete construction with rear-load configuration, 260-foot depths, 32-foot clear heights, ESFR sprinkler systems and energy-efficient LED lighting with motion sensors. The property is fully leased to four tenants across industries such as manufacturing, consumer products distribution, outdoor recreation and specialty automotive solutions. Gateway One also sits adjacent to Columbia Metropolitan Airport, with immediate access to I-26 and I-77.

April 10, 2026

Development Mixed-Use South Carolina Southeast

Stone City Capital to Develop 68-Acre Mixed-Use Project in Summerville, South Carolina

by Abby Cox April 10, 2026

SUMMERVILLE, S.C. — Charlotte-based Stone City Capital will develop Seamist Commons, a 68-acre mixed-use development located in the Charleston suburb of Summerville. The development will include retail and restaurant space in a walkable, village-style setting; office space; residential units with a central community “Commons”; a 28-acre forest preserve with potential future trailheads; golf cart accessibility; electric vehicle charging infrastructure; and outparcels for build-to-suit users and ground-lease tenants. Seamist Commons will serve a trade area anchored by approximately 20,000 nearby homes. Preleasing efforts are underway for Phase I of Seamist Commons, featuring retail spaces ranging in size from 1,400 square feet to 11,900 square feet. In early 2027, Core Commercial plans to break ground on Seamist Commons Boulevard, a two-story promenade. Coldwell Banker Commercial Atlantic (CBC Atlantic) is leading leasing efforts for the retail space at Seamist Commons.

April 10, 2026

Acquisitions Florida Industrial Southeast

Kurv Industrial Acquires South Florida Industrial Park for $220M

by John Nelson April 9, 2026

POMPANO BEACH, FLA. — Kurv Industrial, formerly known as Bridge Industrial, has acquired East Pompano Industrial Center, a five-building industrial park in South Florida’s Broward County. The Chicago-based based owner-operator purchased the 818,611-square-foot development from Vancouver-based QuadReal Property Group for $220 million, making the deal the largest industrial acquisition in South Florida this year, according to Kurv. The acquisition is part of the previously announced $789 million joint venture partnership between Kurv and Canada Pension Plan Investment Board (CPP Investments). East Pompano Industrial Center, which will be rebranded as Kurv Pompano, was 50 percent leased at the time of sale. The park comprises four rear-load facilities with 32-foot clear heights and a low-coverage building delivered in 1993. Kurv plans to invest in speculative office build-outs and energy efficient upgrades at the park during its ownership.

April 9, 2026

Development Kentucky Southeast Student Housing

Subtext, Clarion to Break Ground on 784-Bed Student Housing Development Near University of Kentucky

by John Nelson April 9, 2026

LEXINGTON, KY. — Subtext is set to break ground on VERVE Lexington, a 784-bed student housing development located at 185 E. Maxwell St. near the University of Kentucky campus in Lexington. The community is being developed in partnership with Clarion Partners in a qualified opportunity zone and is scheduled for completion in summer 2028. VERVE Lexington will span 460,136 square feet and offer 275 units in one-, two-, three- and four-bedroom configurations. Shared amenities are set to include a ground floor coffee shop, dedicated study spaces, fitness and wellness spaces and a second-floor terrace with a pool and clubroom. The development team included Southern Building Group, KTGY, EA Partners and Pacific Life Insurance Co.

April 9, 2026

Development Industrial North Carolina Southeast

Redline, Landmark Industrial to Develop 137,388 SF Facility in East Charlotte

by John Nelson April 9, 2026

CHARLOTTE, N.C. — A partnership between Redline Property Partners and Landmark Industrial plans to develop a 137,388-square-foot industrial facility in Charlotte. The firms recently acquired a 13.2-acre infill site at 6407 Old Concord Road on the city’s east side, marking the second industrial land acquisition in the Charlotte area by the Redline and Landmark partnership in the past four months. The duo plans to deliver the facility, which will feature 32-foot clear heights, in early 2027. Henry Lobb, Nick Claudio and Colin Ferguson of Avison Young will lease the facility.

April 9, 2026

Acquisitions Florida Mixed-Use Office Retail Southeast

Foundry Arranges $24.5M Sale of Mixed-Use Building in Winter Garden, Florida

by John Nelson April 9, 2026

WINTER GARDEN, FLA. — Orlando-based Foundry Commercial has brokered the $24.5 million sale of The Exchange, a mixed-use building located at 270 W. Plant St. in downtown Winter Garden, a suburb of Orlando. Delivered in 2021, the 42,800-square-foot property was fully leased to office tenants and retailers at the time of sale. The buyer is James Larweth, a private investor who has actively acquired assets in downtown Winter Garden. Chris DeMartino, Rick Helton, Dale Peterson, Joe Chick and Christine Mansour of Foundry represented the seller, the Keating family, in the transaction. Jay Strates of The Strates Group was the previous leasing agent for The Exchange and assisted the Foundry team in the sale.

April 9, 2026

Development Features Retail Southeast Southeast Feature Archive Virginia

CoStar: U.S. Retail Construction Activity Remains Stymied Through the First Quarter

by John Nelson April 9, 2026

ARLINGTON, VA. — U.S. retail construction activity totaled 64.2 million square feet in the first quarter, down from 70 million square feet in first-quarter 2025 and well below the 10-year average (+90 million square feet), according to research from CoStar Group. Brandon Svec, national director of retail analytics at CoStar Group, points to multiple governors for new retail construction, including the popularity of e-commerce, competition from other property types and the previous cycles of broad-based expansion in the retail industry. Additionally, he says elevated costs for land, construction materials, labor and debt have made it difficult for retail developers to justify new construction. “The pullback in construction reflects a development environment that remains difficult to pencil in most markets,” says Svec. “Even in markets with strong population growth and leasing demand, achieving returns that justify ground-up construction has become increasingly challenging.” Data from the Arlington-based commercial real estate information and analytics firm shows that the nation’s retail development pipeline is sinking to levels not seen since the previous two cyclical lows: the early stages of the COVID-19 recovery and coming out of the Great Financial Crisis in 2011. Among markets tracked by CoStar, three Texas markets are leading the way …

April 9, 2026

Acquisitions Florida Georgia Industrial Southeast

Basis Industrial, OneIM Acquire Industrial Portfolio in Orlando, Metro Atlanta for $144.6M

by John Nelson April 8, 2026

DELRAY BEACH, FLA. — A joint venture between Delray Beach-based Basis Industrial and global investment management firm One Investment Management (OneIM) has purchased an industrial portfolio in the Orlando and Atlanta markets. The firms acquired the 839,001-square-foot portfolio from Boston-based Albany Road Real Estate Partners for $144.6 million as part of a multibillion-dollar programmatic joint venture between Basis Industrial and OneIM. The acquired portfolio spans multiple building within three properties: Lake Point Business Park (134,389 square feet) and Challenger South (146,538 square feet) in Orlando and Breck Exchange in Duluth, Ga. (558,074 square feet). Aaron Appel, Jonathan Schwartz and Michael Brown of Walker & Dunlop assisted in sourcing acquisition debt. Mo Beler, Jonathan Paine, Cory Elbaum and Jackson Irwin of Walker & Dunlop advised on the joint venture equity raise.

April 8, 2026

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