Southeast

BLS: U.S. Economy Adds 172,000 Jobs in May

by Abby Cox June 5, 2026

WASHINGTON, D.C. — Total nonfarm employment in the United States increased by 172,000 jobs in May, according to the U.S. Bureau of Labor Statistics (BLS). The figure shows a slight decrease from the upwardly revised 179,000 in April, and far above the 80,000 figure expected by Dow Jones economists, according to CNBC. The unemployment rate, which sits at 4.3 percent, changed little in May. In addition, March’s number increased by 29,000, raising the total to 214,000, while April revisions increased by 64,000, lifting the final figure to 179,000. With these revisions, employment in March and April combined is 93,000 higher than previously reported. Job gains mostly occurred in leisure and hospitality, local government and healthcare. Leisure and hospitality led the way adding 70,000 jobs, well above the average monthly gain of 14,000 over the past 12 months. Food services and drinking places added 48,000 jobs. Local government employment grew by 55,000 jobs, excluding education (+44,000). The healthcare sector added 35,000 jobs in May, including gains in ambulatory health services (+26,000), home health services (+11,000) and hospitals (+6,000). Social assistance employment continued to trend upward in May (+12,000), mostly in individual and family services (+10,000). Over the past 12 months, social assistance …

June 5, 2026

Walker & Dunlop Arranges $223M in Bridge Financing for Southeast Multifamily Portfolio

by Abby Cox June 5, 2026

BETHESDA, MD. — Walker & Dunlop has arranged $223 million in bridge financing for five multifamily properties in North Carolina, South Carolina and Florida totaling 1,345 units. Walker Layne, Austin Sneed and Tyler Evenson of Walker & Dunlop secured the loans through multiple undisclosed debt funds. The borrower was Madison Capital Group. The portfolio includes:

June 5, 2026

District of Columbia Healthcare Loans Southeast

Berkadia Secures $37.6M C-PACE Loan for Outpatient Medical Facility in D.C.

by Abby Cox June 5, 2026

WASHINGTON, D.C. — Berkadia has secured $37.6 million in C-PACE (Commercial Property-Assessed Clean Energy) financing for 1201 Sycamore, a trophy outpatient medical and community services facility located in Washington, D.C.’s Congress Heights neighborhood. The 117,075-square-foot medical facility was completed in 2023 and is leased to firms including Whitman-Walker Health and Whitman-Walker Clinic. J Street Cos. manages the property. Brian Gould, Natalie Hershey, Patrick McGlohn, Patrick Cunningham and Hunter Wood of Berkadia arranged the 28-year loan through Nuveen Green Capital on behalf of the locally based borrowers, Redbrick LMD and Gragg Cardona Souadi. The financing supports the property’s energy efficiency, water conservation and resiliency components. DC Green Bank is the administrator of the DC PACE program.

June 5, 2026

Acquisitions Industrial Southeast Tennessee

Brennan Investment Group Acquires 202,000 SF Manufacturing Facility Near Knoxville, Tennessee

by Abby Cox June 5, 2026

VONORE, TENN. — Brennan Investment Group has acquired a 202,000-square-foot manufacturing facility located in the East Tennessee city of Vonore, about 35 miles south of Knoxville. The seller and sales price were not disclosed. The facility is fully leased to Commercial Vehicle Group (CVG), a global manufacturer of commercial vehicle systems, under a new 20-year absolute net lease. The facility is one of two seating manufacturing plants operated by CVG in the United States. Situated on roughly 42 acres, the property offers access to I-75, I-40, McGhee Tyson Airport and the Port of Tellico.

June 5, 2026

Acquisitions Kentucky Retail Southeast

Newmark Brokers Sale of 332,309 SF Shopping Center in Newport, Kentucky

by John Nelson June 4, 2026

NEWPORT, KY. — Newmark has brokered the sale of Newport Pavilion, a 332,309-square-foot shopping center in Newport, a Kentucky city situated across the Ohio River from downtown Cincinnati. Newport Pavilion is co-anchored by Kroger and Target and was fully leased at the time of sale to tenants including Dick’s Sporting Goods, T.J. Maxx, Michael’s, Ulta Beauty, Chipotle Mexican Grill and PetSmart. The property sits on 55 acres and benefits from a long-term PILOT agreement through 2037. Conor Lalor, Kyle Minter, Keely Polczynski, James Sharp V and Brian Schneiderman of Newmark represented the seller, The Ranier Cos., in the transaction. The buyer and sales price were not disclosed.

June 4, 2026

Georgia Industrial Leasing Activity Southeast

JLL Negotiates 691,667 SF Industrial Lease in Adairsville, Georgia

by John Nelson June 4, 2026

ADAIRSVILLE, GA. — JLL has arranged a 691,667-square-foot, full-building lease at International Commerce Center, an industrial facility located northwest of Atlanta in Adairsville. The tenant is Pactra USA Inc., a third-party logistics firm and the U.S. subsidiary of South Korean company Pactra. Ben Pridemore and Ryan Hoyt of JLL represented the tenant in the lease negotiations. Matt Wirth and Scott Plomgren of BroadPoint Partners represented the landlord, Houston-based Welcome Group. International Commerce Center features 40-foot clear heights, 124 dock-high doors, four drive-in doors, 190-foot truck courts, 388 auto parking spaces and 254 trailer parking spaces. The property includes proximity to the I-75 corridor and the Appalachian Regional Port.

June 4, 2026

Acquisitions Loans Multifamily Southeast Tennessee

Red Oak Capital Provides $7.7M Acquisition Loan for Multifamily Community in Memphis

by John Nelson June 4, 2026

MEMPHIS, TENN. — Red Oak Capital Holdings has provided a $7.7 million loan for the acquisition and repositioning of Valley Forge Apartments, a 229-unit multifamily community located at 176 Hillview Ave. in Memphis. Valley Forge features 26 garden-style buildings comprising 171 two-bedroom units, 57 three-bedroom apartments and one one-bedroom unit across 15 acres. The property was 95.6 percent occupied at the time of financing. The borrower, I Real Estate and Allstate Property Management, plans to carry out repairs, capital improvements and security upgrades on the property. Red Oak Capital’s Stratos Athanassiades, Thomas Gorski and James Myatt originated the loan on behalf of the borrower. The loan carries an initial 18-month term and a loan-to-stabilized value of 71.9 percent.

June 4, 2026

Florida Loans Seniors Housing Southeast

Blueprint Arranges Refinancing for 100-Unit Seniors Housing Community in South Florida

by John Nelson June 4, 2026

NORTH PALM BEACH, FLA. — Blueprint Capital Markets has arranged the refinancing of an assisted living and memory care community located in North Palm Beach in South Florida. Alta Senior Living is the borrower. The property totals 100 units and recently underwent a capital expenditure, operational turnaround and lease-up process. The undisclosed lender has provided a non-recourse bridge-to-HUD loan for an undisclosed amount. Kristen Ahrens, Pat Maloney and Ben Firestone of Blueprint secured the loan on behalf of Alta Senior Living.

June 4, 2026

Acquisitions Maryland Office Southeast Top Stories

Roadside Development, Hudson Bay Capital Acquire 600,000 SF Office Complex in Bethesda, Maryland

by John Nelson June 4, 2026

BETHESDA, MD. — Development and investment firm Roadside Development and global alternative asset manager Hudson Bay Capital have acquired Bethesda Towers, an office campus situated in downtown Bethesda. The sales price was not disclosed, but the Washington Business Journal reports that the complex had an assessed property value of roughly $86 million, according to records with the State of Maryland. Moore & Associates sold the property and will continue to oversee property management on behalf of the new ownership. Moore & Associates acquired Bethesda Towers, which was originally built in the 1970s, in 2005. Totaling roughly 600,000 square feet, the campus comprises three office buildings and is walkable to attractions including Bethesda Row, the Capital Crescent Trail and the Bethesda Metro Station. The buyers plan to reposition the development over time but did not release any specific plans. “The Bethesda Towers campus presents a large-scale parcel with the potential to become a unique and transformative place at the gateway to Bethesda,” says Jeff Edelstein, president of Roadside. “We’ve had our eye on the property for quite some time, and it will be a great collaboration with our partners at Hudson Bay Capital.” Mychael Cohn of Cohn Property Group represented Roadside in the …

June 4, 2026

Development Georgia Industrial Southeast

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

by John Nelson June 3, 2026

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.

June 3, 2026

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