Tuesday, November 3, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Southeast

DevelopmentDistrict of ColumbiaMultifamilySoutheast

Howard University, Developers Break Ground on 11-Story Multifamily Development in D.C.

by John Nelson

WASHINGTON, D.C. — Howard University and a development team comprising Lowe, Affinius Capital, FLGA and Davenport Group have broken ground on The Hazel, an 11-story multifamily building in Washington, D.C.’s Shaw district. Situated on the grounds of Howard University’s former East Towers parking lot, The Hazel will include 504 residential units (including 40 affordable units), approximately 15,000 square feet of retail space and 246 below-grade parking spaces. Amenities will include a clubroom, fitness center and a rooftop patio with a partial glass-bottomed pool suspended between the east and west wings of the building. The Hazel is named after musician and Civil Rights figure Hazel Scott. The development team has executed a long-term ground lease with Howard University for the 1.8-acre project, which will feature a 25-foot-wide public plaza spanning a full block on W Street between 8th and 9th streets that will connect the school to the northern part of the Shaw neighborhood. JLL arranged $214.1 million in construction financing for the development, including $90 million in C-PACE financing. The project team, including HKS (architect) and Whiting-Turner (general contractor), plans to deliver The Hazel by fourth-quarter 2028.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMultifamilyNorth CarolinaSoutheast

High Street Delivers 370-Unit Apartment Community in Apex, North Carolina

by John Nelson

APEX, N.C. — High Street Residential, the residential subsidiary of Trammell Crow Co., has delivered The Henley, a 370-unit apartment community located at 1211 Chapel Ridge Road in Apex, a suburb of Raleigh. The 22-acre property offers a mix of studio, one-, two- and three-bedroom apartments ranging in size from 580 to 1,361 square feet, with 13 units reserved for households earning 60 percent of the area median income (AMI). Monthly rental rates range from $1,325 to $2,445, according to Apartments.com. Amenities include a fitness center with a yoga studio, clubhouse, coworking space, resort-style pool, dog park and spa, reservable private dining room with a demonstration kitchen, community bike share program with smart e-bikes, EV charging stations and connectivity to the North Beavercreek Greenway. The design-build team includes Rule Joy Trammell+ Rubio (architect) and L.F. Jennings (general contractor). Greystar is managing The Henley on behalf of High Street.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsFloridaHealthcareOfficeSoutheast

City of Coral Gables Acquires Downtown Medical Office Building from ShareMD for $24M

by John Nelson

CORAL GABLES, FLA. — The City of Coral Gables has purchased a medical office building located at 475–495 Biltmore Way in the city’s downtown district for $24 million. ShareMD sold the 53,029-square-foot property, which shares a city block with Coral Gables City Hall and the City’s Planning and Zoning Department. The City of Coral Gables, which now controls the entire block, has retained ShareMD’s property management affiliate, Medicus Asset Management LLC, to continue managing the building for an initial one-year term. Blanca Commercial Real Estate was the leasing agent for the property. In addition to the sale, ShareMD has announced it is rebranding to Parallel Medical Properties effective immediately. The firm owns and operates a 500,000-square-foot portfolio of medical office buildings in Florida and California.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsFloridaRetailSoutheast

Colliers Negotiates $14M Sale of Shopping Center in Gulf Breeze, Florida

by John Nelson

GULF BREEZE, FLA. — Colliers has negotiated the $14 million sale of Live Oak Village, a 107,065-square-foot shopping center located at 1151 Gulf Breeze Parkway in Gulf Breeze, a beach town in Florida’s Panhandle. Brad Peterson and Whitaker Leonhardt of Colliers represented the seller, Exposition Properties, in the transaction. Chris Dozier of Kuebel Realty Co. represented the buyer, Dorsey Development. United Community Bank provided an acquisition loan for the New Orleans-based buyer. Live Oak Village is anchored by a dual-branded Bealls and Home Centric. Bealls has operated at the center for 28 years, and Home Centric joined the tenant roster in 2022. Other tenants include Highpoint Church, YMCA and Dollar General.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMixed-UseMultifamilyNorth CarolinaSoutheastTop Stories

Life Time, Dewitt Carolinas Break Ground on $200M Residential Tower in Raleigh

by John Nelson

RALEIGH, N.C. — A partnership between national health club chain Life Time (NYSE: LTH) and locally based development firm Dewitt Carolinas has broken ground on Life Time Living at The Exchange Raleigh, a luxury multifamily tower anchored by an 80,000-square-foot Life Time athletic club and a 40,000-square-foot rooftop beach club. The companies plan to invest more than $200 million into the 20-story tower, according to Triangle Business Journal. The residential project represents Phase II of The Exchange Raleigh, a $1 billion, 40-acre master-planned mixed-use development in the state capital’s Midtown neighborhood. The development team, along with construction manager Consigli Construction, is aiming for both NGBS Green and Fitwel certifications for the project, which is set to deliver in fourth-quarter 2028. “By bringing Life Time’s incredible athletic country club and luxury living model to our community, we are delivering on our promise to make Midtown Raleigh a destination unlike any other,” says Todd Saieed, CEO of Dewitt Carolinas. Life Time Living at The Exchange Raleigh will offer 289 luxury apartments ranging in size from 610 to 2,040 square feet. Units will come equipped with blackout curtains , walk-in closets, work-from-home space and stainless steel kitchen appliances. The Life Time athletic club …

Continue Reading
FacebookTwitterLinkedinEmail
LoansMixed-UseOfficeSoutheastVirginia

Comstock Obtains $299.1M Refinancing for Office Towers at Reston Station in Northern Virginia

by John Nelson

RESTON, VA. — Comstock Holding Cos. Inc. has obtained $299.1 million for the refinancing of the first three office towers within Reston Station, a 90-acre mixed-use development that surrounds the Wiehle-Reston East Metro Station in Northern Virginia. The office towers — 1900, 1902 and 1906 Reston Metro Plaza — were fully leased at the time of loan closing to firms including Google, ICF, CARFAX, FM and Amentum. Eastdil Secured Savills arranged the financing on behalf of Comstock Partners LC, a privately held affiliate of Comstock. Bank of America served as lead manager and sole bookrunner for the refinancing, which was used to fully repay a $292.9 million loan provided by Blackstone Real Estate Debt Strategies.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsFloridaHospitalitySoutheast

Gencom, White Bridge Capital Purchase 652-Room InterContinental Miami Hotel

by John Nelson

MIAMI — A partnership between Gencom and locally based White Bridge Capital has purchased the InterContinental Miami, a 652-room hotel located at 100 Chopin Plaza in downtown Miami. Strategic Hotels & Resorts sold the hotel. The sales price was not disclosed, but Bloomberg reports it traded for approximately $300 million. The 34-story hotel overlooks the confluence of the Miami River and Biscayne Bay and was recently renovated. The property features 22 suites that range in size from 850 to 2,800 square feet, as well as 90,000 square feet of indoor-outdoor meeting space. Other amenities include a rooftop pool with private cabanas, full-service spa, fitness center, business center, the Club InterContinental Lounge and onsite retail space. InterContinental Miami also houses restaurants including Toro Toro, Bluewater, Starbucks Coffee and Freddy’s Speakeasy.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsHospitalityLouisianaSoutheast

Gayle Benson to Acquire Windsor Court Hotel in Downtown New Orleans

by John Nelson

NEW ORLEANS — Gayle Benson, owner of the NFL’s New Orleans Saints and the NBA’s New Orleans Pelicans, has announced she is acquiring The Windsor Court, a 314-room hotel located at 300 Gravier St. in downtown New Orleans. The luxury property opened in 1984 ahead of the World Fair and is a member of Preferred Hotels & Resorts’ Legend Collection. The Windsor Court houses high-end restaurants including The Grill Room, The Polo Club and Le Salon, as well a coffee bar, pool bar and an expansive art collection. The Berger Co., which has operated the hotel since 2009, helped facilitate the acquisition and will continue to manage the property, as well as retain a minority interest. Benson plans to invest in capital improvements at The Windsor Court during her ownership.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentGeorgiaMultifamilySoutheast

ECI Group Launches Leasing at $60M Multifamily Development in Metro Savannah

by John Nelson

RICHMOND HILL, GA. — ECI Group has launched leasing at The Averly Richmond Hill, a $60 million multifamily development located along Ford Avenue in Richmond Hill, a southwest suburb of Savannah. Situated within one mile of I-95, the property will feature 243 one-, two- and three-bedroom apartments and 48 three-bedroom townhomes, as well as two pad-ready retail sites that are being marketed by Ashley Smith and Tyler Mouchet of Colliers | Savannah. Amenities will include an 8,400-square-foot clubhouse, package room, private offices, coffee bar, resort-style pool, golf simulator, dog park, pet spa, courtyards and rentable storage units. ECI Group plans to open its clubhouse on Nov. 17, giving prospective residents a chance to meet with the leasing team.

Continue Reading
FacebookTwitterLinkedinEmail
IndustrialLouisianaMarket ReportsSoutheastSoutheast Market Reports

Louisiana’s Industrial Market Looks Past Constraints Toward Mega Projects

by John Nelson

Supply constraint has been the story of the greater New Orleans industrial market for the past seven to 10 years. Institutional capital is reluctant to develop new projects in smaller markets, despite national demand trends. In 2026, it seems as if the story is being rewritten by science fiction writers who are focused on a future of AI and space travel.   In the near term, brokers and owners still face limited Class A inventory and single-digit vacancy rates.  The longer view shows Louisiana’s natural resources attracting significant investment, including SpaceX’s Starbase, Louisiana in Vermilion Parish, North Louisiana’s hyperscaler data center build-out and river corridor manufacturing and port milestones driving logistics, contractor and staging demand across South Louisiana.  National trends of high borrowing costs, elevated construction pricing and high insurance premiums continue to keep speculative builds rare and expansions slow. Triple-net rental rates are in the range of $8 to $12 per foot across South Louisiana markets, with newer product easily garnering the higher end of the scale as tenants have few modern options as only a handful of developers have been willing to invest capital to build speculatively in these markets to take advantage of the supply/demand disconnect.  Against …

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts