Southeast

Carr Properties, Barings Purchase 12-Story Office Building in Downtown D.C.

by John Nelson January 27, 2026

WASHINGTON, D.C. — A partnership between Carr Properties and Barings has purchased a 12-story office building located at 1401 New York Ave. NW in downtown Washington, D.C. Eastdil Secured represented the undisclosed seller in the transaction. The sales price was also not disclosed. The new ownership plans to fully renovate the 211,500-square-foot building with a new enclosed amenity space on the rooftop, as well as upgrades to the office building’s lobby, fitness center and conference facilities. Current tenants at the LEED Gold-certified building include Boies Schiller Flexner, Capstone, Vedder Price and Nossaman.

January 27, 2026

Acquisitions Florida Retail Southeast

PEBB, Topvalco Sell Sprouts-Anchored Shopping Center in South Florida for $30M

by John Nelson January 27, 2026

DELRAY BEACH, FLA. — A joint venture between PEBB Enterprises and Cincinnati-based Topvalco Inc. has sold Delray Landing, a shopping center located at 5024-5070 W. Atlantic Ave. in Delray Beach. Sprouts Farmers Market anchors the shopping center, whose tenant roster also includes Retro Fitness, Keke’s Breakfast Café, CJ’s Sports Bar & Grill and Good Vets. An entity doing business as 30 Realty LLC purchased the shopping center for $30 million. Eric Williams and Cole Frantz of Newmark represented the seller in the transaction. During their ownership period, PEBB and Topvalco fully renovated Delray Landing to feature a new façade and roof and upgraded parking, lighting, signage and landscaping.

January 27, 2026

Acquisitions Multifamily North Carolina Southeast

Tishman Speyer Acquires 244-Unit Apartment Community in Raleigh

by John Nelson January 27, 2026

RALEIGH, N.C. — Tishman Speyer has acquired The Maggie, a 244-unit apartment community located at 401 Oberlin Road in Raleigh’s Village district. The property is situated on 2.8 acres adjacent to North Carolina State University. William Yowell, Kevin Kempf, Don Hoffman and Tai Cohen of CBRE brokered the transaction. The seller and sales price were not disclosed. Built in 2014, The Maggie features a unit mix ranging from studios to three bedrooms, as well as 9,000 square feet of street-level retail space. Amenities include a fitness center, outdoor saltwater pool, business center, lounge, golf simulator and a game room.

January 27, 2026

Acquisitions Office Southeast Virginia

Cresa Arranges $12M Sale of Office Building in Vienna, Virginia

by John Nelson January 27, 2026

VIENNA, VA. — Cresa has arranged the $12 million sale of a vacant, 100,000-square-foot office building located at 901 Follin Lane in Vienna, about 17 miles west of Washington, D.C. Navy Federal Credit Union acquired the property from Zalco Commercial. Gene Sachs, Rich Rhodes and Dan Silverman of Cresa represented Navy Federal in the transaction. The property is situated on 9.1 acres across the street from Navy Federal’s headquarters and will be utilized for the time being as a parking lot. Future plans for the office building and surrounding land were not disclosed. The property has sat vacant for the past six years after being leased to an unnamed federal government tenant.

January 27, 2026

Development Florida Leasing Activity Mixed-Use Office Southeast Top Stories

MSC Group Opens 130,000 SF Office in Miami for North American Cruise Headquarters

by John Nelson January 27, 2026

MIAMI — MSC Group, a privately owned cruise ship operator based in Geneva, Switzerland, has opened a new 130,000-square-foot office in downtown Miami. The new offices house the headquarters of the company’s North American Cruise Division and brings together 400 MSC Group team members from both of the company’s brands: MSC Cruises (23 ships) and Explora Journeys (two luxury ships). “I am thrilled to welcome MSC Group’s North American Cruise Division headquarters to Miami-Dade County, just a few miles from PortMiami,” says Daniella Levine Cava, Mayor of Miami-Dade County. “This exciting investment will create hundreds of new jobs, generate meaningful economic impact and further strengthen Miami-Dade’s position as a global hub for cruise and cargo operations.” Cava and other civic and private stakeholders held a ribbon-cutting ceremony yesterday at Sawyer’s Walk to welcome MSC Group. MSC Group invested $100 million into the build-out of the new offices, which occupy the full seventh floor of Block 55 within Sawyer’s Walk, a 1.5 million-square-foot mixed-use development by SG Holdings. Other uses at Sawyer’s Walk include an 18-story affordable seniors housing tower and 180,000 square feet of retail space leased to tenants including Target, Five Below, Aldi, CVS, Starbucks, Ross Dress for Less and …

January 27, 2026

Development Multifamily Southeast Virginia

Crescent, Rockefeller to Develop 530-Unit Apartment Community in Arlington, Virginia

by Abby Cox January 26, 2026

ARLINGTON, VA. — A joint venture between Crescent Communities and Rockefeller Group has closed on the land acquisition for NOVEL Arlington, a 530-unit apartment community located in Arlington, approximately five miles from downtown Washington, D.C. Situated on about 5.5 acres along South Glebe Road, NOVEL Arlington will include 493 multifamily residences and 37 townhomes across studio, one-, two- and three-bedroom floorplans, including both market-rate and affordable units. Designed around the concept of the “power to play,” the complex will feature 20,000 square feet of amenities such as a golf lounge with a full-swing simulator; clubroom with indoor-outdoor connectivity; private dining and watch-party room; courtyard with firepits, game zones and landscaping; rooftop resort-style swimming pool with cabanas; fitness center, solo fitness studio, sauna and recovery spaces; coworking nooks and social lounges; a record listening lounge; pet retreat and pet spa; resident market; and a privately programmed courtyard and public-private park with walking trails. The joint venture secured equity financing from Shimizu Realty Development and Mitsubishi Estate New York, a U.S. affiliate of Tokyo-based Mitsubishi Estate Co. Additionally, Sumitomo Mitsui Trust Bank, Limited New York Branch (SMTB) provided construction financing for the development. Other project partners include Bohler D.C. (civil engineer), Hord …

January 26, 2026

Development Industrial North Carolina Southeast

Foundry, Principal Asset Management to Break Ground on 237,000 SF Industrial Development Near Charlotte

by Abby Cox January 26, 2026

UNION COUNTY, N.C. — A partnership between Foundry Commercial and Principal Asset Management has closed on the land purchase in Union County for 74 Junction, a two-building, industrial development. Construction is slated to begin in the coming months, with delivery scheduled for the third quarter. The project team will consist of Edifice (general contractor), 9G Studio (architect) and Thomas & Hutton (civil engineer). Located roughly 30 miles southeast of Charlotte, the facility will include two rear-load industrial buildings totaling more than 237,000 square feet. Both buildings, which will measure 120,000 square feet and 117,000 square feet, will feature 32-foot clear heights and modern specifications aligned with current market requirements that will accommodate a range of light industrial, distribution and service-oriented tenants.

January 26, 2026

Acquisitions Office Southeast Tennessee

Avison Young Arranges $6M Sale of Office Building in Suburban Nashville

by Abby Cox January 26, 2026

BRENTWOOD, TENN. — Avison Young has arranged the sale of 110 Westwood Place, a 24,000-square-foot office building located in Brentwood, a southern suburb of Nashville. Brents Herron of Charles Hawkins Co. represented the buyer and future tenant, Civil Constructors, in the transaction. Lisa Maki, Mike Jacobs and Jordan Powell of Avison Young represented the seller, Lawrence Bank. Civil Constructors will relocate its operations from Franklin, Tenn., to occupy the entire two-story building.

January 26, 2026

Acquisitions Kentucky Retail Southeast

SRS Negotiates Sale-Leaseback of Newly Redeveloped Retail Property in Louisville Leased to Taco Bell

by Abby Cox January 26, 2026

LOUISVILLE, KY. — SRS Real Estate Partners has negotiated the sale-leaseback of a newly redeveloped, single-tenant retail property located at 3459 Taylor Blvd. in Louisville, less than a mile from the famous Churchill Downs horse racetrack. Taco Bell occupies the 3,250-square-foot building on a 20-year, triple-net lease. Sarah Shanks and Morgan Zant of SRS Real Estate Partners represented the seller, Southpaw, a Connecticut-based Taco Bell franchisee that redeveloped a vacant quick-service restaurant building that was on the site. The buyer was a California-based private investor. The sales price was not disclosed.

January 26, 2026

Kentucky Loans Multifamily Southeast Walker & Dunlop

Walker & Dunlop Arranges $96.7M Refinancing for Three Multifamily Communities in Louisville

by Abby Cox January 23, 2026

LOUISVILLE, KY. — Walker & Dunlop has arranged a $96.7 million loan for the recapitalization of three newly constructed multifamily communities totaling 640 units in Louisville. The multifamily portfolio includes Belmond Flats (240 units), Cedar Creek Flats (168 units) and Glengrove Apartments (232 units). Jonathan Zilber, Joel Chetner and Josh Geller of Walker & Dunlop secured three floating-rate, interest-only loans through an institutional lender on behalf of the borrower, Highgates Group. Proceeds will be used to repay existing debt, fund closing costs and return capital to investors.

January 23, 2026

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