Southeast

Timberline, Origami Capital Break Ground on 6.4 MSF Rivana Mixed-Use Development in Northern Virginia

by John Nelson April 22, 2026

DULLES, VA. — A partnership between Timberline Real Estate Partners and Origami Capital Partners LLC has broken ground on Rivana, a 6.4 million-square-foot mixed-use development located on 103 acres in Northern Virginia’s Loudoun County. County officials attended the groundbreaking ceremony, which was held on Monday, April 20. According to the Loudoun County website for the project, plans for Rivana include a 463,000-square-foot retail village; 3.5 million square feet of Class A offices; 3,700 residential units; 500 hotel rooms; a performing arts venue; and two public parks at full build-out. The construction timeline was not released, but Washington Business Journal reports the developers will begin vertical construction on Phase I in mid-2027. The first phase will span 2 million square feet and include 1,500 apartments, a hotel and 150,000 square feet of retail space. Rivana is situated along the border of Loudoun and Fairfax counties near the Innovation Center Metro station and within one mile from Dulles International Airport. The development will feature four full phases in Loudoun County and a fifth in Fairfax County, according to Washington Business Journal.

April 22, 2026

Acquisitions Multifamily Southeast Virginia

Bonaventure Purchases Virginia Beach Apartment Community for $39.5M

by John Nelson April 22, 2026

VIRGINIA BEACH, VA. — Bonaventure, a multifamily owner-operator based in Alexandria, Va., has purchased Royal Pointe Apartments, a 208-unit garden-style community in Virginia Beach. The firm acquired the value-add apartment property for $39.5 million via its Bonaventure Multifamily Income Trust investment vehicle. The seller was not disclosed. Bonaventure worked with Greystone to assume the property’s existing debt as part of the acquisition. Built in 1987, Royal Pointe Apartments will be updated with new LVP flooring, appliances, cabinets, lighting and fixtures for unit interiors. Exterior improvements will center on improving the property’s curb appeal.

April 22, 2026

Georgia Leasing Activity Mixed-Use Office Southeast

Coreforce Signs 32,945 SF Office Lease at Uptown Atlanta Mixed-Use Development

by John Nelson April 22, 2026

ATLANTA — Coreforce, a public safety tech firm based in Decatur, Ga., has signed a 32,945-square-foot office lease at Uptown Atlanta, a mixed-use development by Rubenstein Partners LP that straddles Atlanta’s Buckhead and Midtown submarkets. Kyle Kenyon and Chris Port of CBRE represented the landlord in the lease transaction. Coreforce, formerly known as Utility Associates, has 200 employees and provides software for first responders and other frontline professionals. The firm will relocate from Decatur and occupy the entire 10th floor at Uptown Atlanta, which features more than 1 million square feet of office space. Other office tenants include The Academy for Innovation in Medicine, Stadler Rail, Entertainment Partners, MARTA CPEI group and Skillshot Media. The development also includes more than 100,000 square feet of retail space leased to J’ouvert Caribbean Kitchen, Bene Korean, Sugarcoat, Roundhouse Kickboxing, The Commodore and 26 Thai Kitchen, among others.

April 22, 2026

Acquisitions Florida Retail Southeast

Marcus & Millichap Brokers $3.8M Sale of Southwest Florida Retail Strip Center Leased to Starbucks, Tide Cleaners

by John Nelson April 22, 2026

BONITA SPRINGS, FLA. — Marcus & Millichap has brokered the $3.8 million sale of a 4,665-square-foot retail strip center located at 27250 Bay Landing Drive in Bonita Springs, a city in southwest Florida. Built in 2000 and renovated in 2014, the freestanding center was fully occupied on long-term, triple-net leases by Starbucks Coffee and Tide Cleaners. Chris Garavaglia, Andrew Muth and Alex Perez of Marcus & Millichap’s St. Louis office represented the seller, a private developer, and procured the buyer, a Florida-based investor, in the transaction. Both parties requested anonymity. Ryan Nee served as Marcus & Millichap’s Florida broker of record.

April 22, 2026

Loans Multifamily North Carolina Southeast

Walker & Dunlop Arranges $105M Refinancing for Maeve Apartment Tower in Raleigh

by John Nelson April 21, 2026

RALEIGH, N.C. — Walker & Dunlop has arranged a $105 million loan for the refinancing of Maeve, a 20-story apartment tower located at 319 W. Lenior St. in Raleigh. Capital Square delivered the 297-unit high-rise last year. Alexandra Huffman, Justin Nelson and P.J. Feichtmeier of Walker & Dunlop arranged the floating-rate, interest-only bridge loan through TPG Real Estate Finance. Situated in Raleigh’s Warehouse district, Maeve offers studio, one-, two- and three-bedroom residences, as well as 10,000 square feet of retail space and amenities such as a resort-style pool and rooftop lounge.

April 21, 2026

Development Georgia Mixed-Use Southeast

Connolly Completes $70M Mixed-Use Development in Brookhaven, Georgia

by John Nelson April 21, 2026

BROOKHAVEN, GA. — Locally based Connolly has completed Parkside on Dresden, a $70 million mixed-use development in downtown Brookhaven, a northeast suburb of Atlanta. The development is situated on a four-acre site along Dresden Drive near the Brookhaven-Oglethorpe MARTA station. Parkside on Dresden includes the 176-unit Solis Dresden Village, developed in partnership with Terwillger Pappas; a six-level parking garage; 28,000 square feet of ground-level retail space; and Woodley Plaza, a city-owned event lawn named after local businessman Dan Woodley. The retail space is fully leased to tenants including F45 Training, Café Vendome, Honeysuckle Gelato, Stretch Lab and Brookhaven Dance, among others. The development also includes a standalone retail building available for lease that features a rooftop patio.

April 21, 2026

Acquisitions Georgia Southeast Student Housing

Landmark, Kane Properties Acquire 128-Bed Student Housing Community Near University of Georgia

by John Nelson April 21, 2026

ATHENS, GA. — A partnership between Landmark Properties and Kane Properties has acquired Eclipse on Broad, a 128-bed student housing community located near the University of Georgia campus in Athens. TSB Capital Advisors secured debt financing through Seacoast Bank for the acquisition. Built in 2013, the community offers units in four-bedroom configurations with bed-to-bath parity, as well as five separate townhomes with private two-car garages. Shared amenities include a clubhouse, 24-hour fitness center, study lounges and an outdoor courtyard and grill. The property also features 68 parking spaces.

April 21, 2026

Development Healthcare Southeast Virginia

MAS AJP, Flagler to Develop 20,000 SF MedSquare Healthcare Facility in Charlottesville

by John Nelson April 21, 2026

CHARLOTTESVILLE, VA. — A joint venture between MAS AJP and Flagler Healthcare plans to develop MedSquare Charlottesville, a 20,000-square-foot healthcare facility located at 300 Worrell Drive. The project will be fully leased to Gastro Health, a digestive health services provider. MAS AJP and Flagler Healthcare plan to deliver the facility in first-quarter 2028. The Charlottesville project represents the first MedSquare-branded healthcare facility planned outside the state of Florida. MAS AJP and Flagler Healthcare are expanding the brand with this facility and MedSquare Port St. Lucie, a 68,000-square-foot in southeast Florida anchored by Cleveland Clinic.

April 21, 2026

Acquisitions District of Columbia Mixed-Use Office Southeast Top Stories

BXP Sells 50 Percent Stake in Marriott Headquarters Building in Bethesda, Maryland at $430M Valuation

by John Nelson April 21, 2026

BETHESDA, MD. — BXP (NYSE: BXP), the company formerly known as Boston Properties, has sold a 50 percent ownership interest in the corporate headquarters building for global hotelier Marriott International Inc. in downtown Bethesda. The Boston-based real estate development and management firm delivered the 21-story office tower in 2021 and is now selling its stake to its joint venture partner, The Bernstein Cos., at a $430 million valuation. Tommy Cleaver, Bill Shanahan, Dan Grimes and Chloe Neal of CBRE represented BXP in the sale. BXP’s net proceeds in the sale came out to $83 million. In addition to LEED Gold and Fitwel certifications, the Marriott office tower has features a rooftop terrace; grand lobby with an LED wall and three-story atrium; 7,500-square-foot fitness center; collaboration space; two dining offerings; 11,000-square-foot childcare center; and an innovation center with a test kitchen. According to Marriott, the office tower can accommodate roughly 3,500 workers across 2,842 workspaces. The hotel giant fully debuted the tower in fall 2022. “This remarkable headquarters is the result of a shared vision and a strong partnership with BXP,” says Adam Bernstein, president and CEO of The Bernstein Cos. “Together, we delivered a world-class building for Marriott International’s global headquarters …

April 21, 2026

Acquisitions Florida Mixed-Use Southeast

Concord Wilshire Acquires 43-Acre Mixed-Use Development Site in Royal Palm Beach, Florida for $60M

by Abby Cox April 20, 2026

ROYAL PALM BEACH, FLA. — Concord Wilshire Capital has acquired a 43-acre mixed-use development site in Royal Palm Beach for $60 million, with plans to move forward with a previously planned project, dubbed Main Street at Tuttle Royale. The site was originally approved for multifamily, retail, office and hospitality uses before the property owner filed for Chapter 11 reorganization, according to the South Florida Business Journal. Concord Wilshire Capital will rebrand and develop the property to serve as a central hub for residential living, retail activity and community engagement. Located at the intersection of State Route 7 and Southern Boulevard in Palm Beach County, the master-planned development will include 401 multifamily residences; approximately 426,764 square feet of retail space; a 125-room hotel; an 82,875-square-foot office building; an activated park plaza with public spaces, a sculpture garden and experiential amenities. Construction will begin soon following the permitting process. Concord Wilshire will announce additional details in the coming months, including the formal rebranding of the development and announcements of residential and retail development partners.

April 20, 2026

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