Wednesday, June 3, 2026
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DevelopmentGeorgiaIndustrialSoutheast

Hunt Midwest Enters Georgia With 1.9 MSF Industrial Development Near Port of Savannah

by John Nelson

BLOOMINGDALE, GA. — Hunt Midwest, a premier development firm based in Kansas City, plans to enter Georgia with its new Hunt Crossroads Commerce Center project. The 1.9 million-square-foot industrial development will be located in Bloomingdale, a city near the Port of Savannah. The project will sit on 280 acres at the northwest corner of I-16 and Jimmy DeLoach Parkway. The six planned buildings will have build-to-suit and flexible leasing options for users ranging from 100,000 to 427,680 square feet. Hunt Midwest has begun the first phase of infrastructural work and plans to break ground soon on Building I, a 318,367-square-foot, rear-load building that is scheduled to open in second-quarter 2027. The developer has tapped Bill Sparks and Preston Andrews of CBRE to handle leasing at Hunt Crossroads Commerce Center.

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Company NewsDevelopmentHospitalitySoutheastVirginia

Hilton Launches Undergraduate Brand, Plans to Open More Than 400 Hotels

by John Nelson

MCLEAN, VA. — Hilton has launched Undergraduate by Hilton, an upper-midscale hospitality brand designed to serve a range of college and university markets. Hilton’s long-term plans for the brand include growing the pipeline of collegiate-themed hotels to 400 to 500 properties, with the first Undergraduate hotel set to open next year. The model will include both new builds and conversions of hotels near college campuses. Guestrooms will be designed to invoke classrooms with adaptable layouts, study corners and functional storage. Common spaces will include lounges, library-inspired social gathering areas, a barista-led, 24-hour market and a bar program by Authentic Hospitality. Undergraduate joins Hilton’s Lifestyle portfolio of properties, which is projected to grow to 700 hotels globally by 2028, including 60 new openings this year. The brand was created following the success of the Graduate by Hilton brand, which is also part of Hilton’s Lifestyle portfolio.

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DevelopmentMarylandMultifamilySoutheast

St. John Properties, Somerset Break Ground on $148M Multifamily Community in Baltimore County

by John Nelson

MIDDLE RIVER, MD. — St. John Properties Inc. and Somerset Cos. LLC have broken ground on Aspen at Greenleigh, a $148 million luxury apartment development in Middle River. The 335-unit property will be situated within the 1,000-acre Greenleigh mixed-use community on the north side of Baltimore County. Set for completion in late 2027, Aspen at Greenleigh will offer studio, one-, two- and three-bedroom apartments ranging in size from 599 to 1,669 square feet. Indoor amenities will include a fitness center with yoga studio, multimedia center with oversized viewing screen and adjacent kitchen and bar, a billiards room, business center with a conference area, a pet spa with wash station and an indoor dog park. Outdoor amenities will include a heated saltwater pool with sunning decks, hospitality bar, bike storage and repair room, Zen garden and a courtyard with cabanas, a fireplace and a TV. The design-build team, which is pursuing LEED Gold certification for the development, includes Architects Collaborative (architect), Aumen Asner Inc. (interior design), KTGY (architect), Kline Engineering (structural engineer), Phillips Gradick (MEP engineer) and Stahly Engineering & Associates (civil engineer). St. John Properties’ multifamily construction division is serving as the project’s general contractor. Bozzuto Management will provide property …

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FloridaLoansMultifamilySoutheast

Berkadia Arranges $82.1M Refinancing for Apartment Community in Nokomis, Florida

by John Nelson

NOKOMIS, FLA. — Berkadia has arranged an $82.1 million loan for the refinancing of Render Legacy Trail, a 450-unit apartment community located at 15560 Render Way in Nokomis, a suburb of Sarasota. Patrick McGlohn, Brian Gould, Hunter Wood, Natalie Hershey and Patrick Cunningham of Berkadia arranged the loan on behalf of the borrowers, Crescent Communities and FCP. Benefit Street Partners provided the three-year loan, which features two one-year extension options. Render Legacy Trail was completed in 2024 and features one-, two- and three-bedroom apartments averaging 934 square feet in size, as well as a saltwater pool, outdoor grilling and dining areas, 24-hour fitness center, coworking spaces, pickleball courts, EV charging stations and direct access to the 18.5-mile Legacy Trail that connects Sarasota to Venice, Fla.

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AcquisitionsCaliforniaGeorgiaIndustrialSoutheastTexasTop StoriesWashingtonWestern

BKM, Kayne Anderson Acquire 8.5 MSF Light Industrial Portfolio for $1.8B

by Kristin Harlow

NEWPORT BEACH, CALIF. AND BOCA RATON, FLA. — BKM Capital Partners and Kayne Anderson Real Estate have acquired an 8.5 million-square-foot light industrial portfolio from Link Logistics for $1.8 billion. The portfolio includes 51 multi-tenant properties across markets in California, Washington, Texas and Georgia. The deal marks the largest light industrial transaction since 2022, according to the joint venture partners, which now maintain roughly 15 million square feet of multi-tenant light industrial assets under management. The portfolio is approximately 90 percent occupied and consists of nearly 2,000 units across 275 buildings, all located in infill submarkets within high-growth metropolitan areas. “At Kayne Anderson Real Estate, we continue to focus on sectors where we see durable demand drivers and the opportunity to create value through scale, vertical integration and operational expertise,” says Al Rabil, co-founder and CEO of Kayne Anderson Real Estate. “Multi-tenant light industrial remains a highly fragmented segment with compelling fundamentals.” “This acquisition marks the largest addition to BKM’s platform to date and is representative of the strategy we have deployed in the multi-tenant light industrial space for years,” says Brian Malliet, founder, CEO and chief investment officer of BKM. “It not only underscores the importance of deep operating …

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DevelopmentLouisianaMultifamilySoutheast

Audubon Underway on Redevelopment of 446-Unit Apartment Complex in Baton Rouge

by John Nelson

BATON ROUGE, LA. — Atlanta-based multifamily investment firm Audubon is redeveloping Fairway View Apartments, a 446-unit complex in the Westdale Heights neighborhood of Baton Rouge. The complex, which Audubon is rebranding as Palmer Club Apartments, is undergoing renovations, including the addition of a fitness center and a centralized mail handling system. Each apartment will receive approximately $8,000 to $10,000 in capital improvements. Palmer Club offers one-, two- and three-bedroom units with rents ranging from $775 to $1,400. 

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DevelopmentMultifamilyNorth CarolinaSoutheast

Jefferson Apartment Group Begins Leasing 350-Unit Property in Charlotte’s Optimist Park Neighborhood

by John Nelson

CHARLOTTE, N.C. — Regional multifamily developer Jefferson Apartment Group (JAG) has begun leasing J Optimist Park, a six-story, 350-unit apartment building located outside of downtown Charlotte in the city’s Optimist Park neighborhood. The building offers one- and two-bedroom units that range in size from 523 and 1,197 square feet. Monthly rental rates at J Optimist Park range from $1,280 to $2,230, according to Apartments.com. Amenities include a pool, outdoor yoga lawn, bike storage and 467 resident parking spaces. United Bank provided construction financing for the project.

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AcquisitionsFloridaHospitalitySoutheast

Berkadia Brokers Sale of 294-Unit Condominium Hotel in Sunny Isles Beach, Florida 

by John Nelson

SUNNY ISLES BEACH, FLA. — Berkadia has brokered the sale of Solé Miami, A Noble House Resort, a 294-key condominium hotel located in Sunny Isles Beach, about 20 miles north of downtown Miami. The resort features beach access, a pool, fitness center and a steam room. Christian Charre and Paul Wiemer of Berkadia represented the seller, Mast Capital, in the transaction. South Street Partners acquired the property for an undisclosed price.

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AcquisitionsFloridaHealthcareSoutheast

BGO Acquires 41,810 SF Medical Office Building in Metro Tampa

by John Nelson

RIVERVIEW, FLA. — BGO, the institutional investment firm formerly known as BentallGreenOak, has acquired 6606 Simmons Loop Road, a 41,810-square-foot medical office building located in the Tampa suburb of Riverview. The two-story property was fully leased at the time of sale to Women’s Healthcare Enterprises and AdventHealth. CBRE negotiated the transaction on behalf of BGO.

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AcquisitionsFloridaIndustrialNorth CarolinaSouth CarolinaSoutheastTop StoriesVirginia

JLL Arranges $300M Sale of Southeast Industrial Portfolio Net-Leased to FedEx

by John Nelson

ATLANTA — JLL has arranged the $300 million sale of a six-property industrial portfolio located across five Southeastern states. The facilities in the nearly 1.6 million-square-foot portfolio were fully net-leased to FedEx on long-term agreements at the time of sale. Built between 2022 and 2023, the facilities range in size from 251,000 to 337,000 square feet. The properties are located in Punta Gorda, Fla.; Anderson, S.C.; Myrtle Beach, S.C.; Christiansburg, Va.; Bristol, Va.; and Wingate, N.C. PGIM and Miramar Capital sold the portfolio to a confidential buyer. Britton Burdette, Dennis Mitchell, Luis Castillo, Bill Prutting, Jim Freeman, Maggie Dominguez and Bobby Norwood of JLL represented the sellers in the transaction. “The scale and geographic diversification of this portfolio reflect the critical role last-mile distribution plays in today’s logistics landscape,” says Burdette. “PGIM positioned these assets to capitalize on accelerating demand for modern industrial space in markets with strong population growth and consumer spending fundamentals.” PGIM is the global asset management business of Prudential Financial Inc. (NYSE: PRU) and has $1.4 trillion in assets under management as of March 31, 2026, including $217 billion in real estate assets. Miramar Capital is a privately owned real estate investment and development firm specializing in …

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