Atlanta & Southeast

Brook Farm Group refinanced The Sinclair at Callaway Farm, a 388-unit, Class A multifamily community in Covington, Georgia. The $73 million refinancing from Prime Finance replaces the initial construction loan and preferred equity investment from the project’s inception in 2023.  The refinancing was facilitated by Shawn Rosenthal, Jason Gaccione, and Jake Salkovitz of CBRE’s Debt & …

Centric Development and Sage Equities traded five senior housing communities in Atlanta for $147 million. The buyer was not disclosed. The buyer is retaining the incumbent operator, Claiborne Senior Living, to manage the communities.  The portfolio consists of 611 units and 701 beds of assisted living and memory care developed by Centric Development between 2018 …

Since soccer tourists started arriving in the US from countries with World Cup teams, Buc-ee’s has become a social media phenomenon. What used to be a quaint regional novelty has become an international symbol of America’s uniqueness. The stores pack much more into their building footprint than convenience goods and gas pumps. They are typically larger …

.  JPMorgan Chase & Co. is consolidating its workforce into a new space at Broadwest, a 600,000-square-foot mixed-use project in Nashville.  The Nashville Business Journal reports that the 51,000-square-foot space will include a new client center with twice the capacity of its current space, flexible workspaces, access to on-site amenities, and capacity for up to …

Saratoga Capital Partners bought the 336-unit Generation Atlanta community on Centennial Olympic Park Drive for $98.4 million in a foreclosure auction. Frankforter Group was the building’s previous owner. In late 2021, Frankforter bought the project from Kaplan Residential for $126.9 million, then a record sale. The Atlanta Business Chronicle reports that since then, Frankforter has …

JLB Partners plans to redevelop a seven-story building at 470 E. Paces Ferry Road in Buckhead Village. The Atlanta Business Chronicle reports the project consists of 314 apartments in what was once a mid-century office building. On Maple Drive, the 1960s-era office building is the longtime home of Logility Supply Chain Solutions. Aptean acquired Logility …

Core Spaces (Core) closed financing and broke ground on the Hub Athens Dougherty, a new 1,656-bed purpose-built student housing community located near University of Georgia set to deliver in 2028. Multifamily News reports Hub Athens Dougherty will include 536 units and 1,656 beds across a mid-rise development, offering a mix of floor plans from studios …

Trilogy Investment Company closed on Solomon Farms, a 219-acre master-planned community in Statesboro, Georgia. The joint venture with landowner RLB Squared. Diversified Investment Group supported the transaction as a co-investment partner of Trilogy. Just outside the main entrance of Georgia Southern University, the development is planned to include more than 1,200 residential units and four …

Turnbridge Equities acquired the 320-unit Skyhouse Raleigh, a multifamily community in downtown Raleigh. ACORE CAPITAL provided a $62 million first mortgage on the property. Equity for the transaction was provided by Turnbridge. Northmarq brokered the sale and arranged the debt financing. World Wide Group was the seller. In a Turnbridge release, the company asserts that …

CBRE has been retained to market and lease North Rhett Center at 5801 North Rhett Avenue, a 516,000-square-foot two-building industrial property in Hanahan, South Carolina. The property offers approximately 318,926 square feet of available space for lease and was recently acquired by Obelisk Real Estate Partners. CBRE’s Brendan Redeyoff and Bob Barrineau are leading leasing efforts on behalf of Obelisk Real Estate Partners. Obelisk Real Estate Partners recently acquired 5801 …

Stream Realty Partners has been awarded the leasing assignment for Cummins Station, a more than 400,000-square-foot adaptive reuse office property located at 209 10th Ave. S in Nashville’s Urban Core. DZL Management is the owner of Cummins Station. Originally constructed as a rail terminal and warehouse, Cummins Station has been transformed into one of Nashville’s most …

CBL Properties and Greystar broke ground on a mixed-use development at CoolSprings Galleria in Franklin, Tennessee.  The project will bring 361 residences and approximately 15,000 square feet of new retail and restaurants to the CoolSprings Galleria campus. In June, CBL announced it had sold a 5.35-acre parcel of underutilized parking to Greystar to make way …