TA Realty has announced the launch of a dedicated hyperscale data center development arm within its digital real estate team. This move aims to expand TA Realty’s presence in the digital infrastructure space, leveraging its 40 years of experience in…
Single-tenant net lease cap rates increased in the fourth quarter of 2023 for the seventh consecutive quarter to 6.58%, a seven-basis point increase compared to Q3, The Boulder Group reported. By sector, the increases were eight bps to 6.35% for…
Robinson Weeks Partners has broken ground on Charleston Global Crossing, a 635,328-square-foot industrial building in North Charleston, S.C. When completed, Commercial Search reports the development will be the largest speculative industrial building in the city. Project financing includes a $40.1 million…
The Trepp CMBS Special Servicing Rate dropped by six basis points in December 2023, falling to 6.78%. However, the long-term trend is still up: Trepp said the special servicing rate closed out 2023 with a total increase of 167 bps…
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In most towns, siting a gas station is a pretty ho-hum matter. But in the North Carolina town of Mebane, if that gas station is to be a Buc-ee’s, it’s a pretty big deal. Nearly 100 people were on hand…
Kyungshin America Corp. has selected the 20-million-square-foot Savannah Gateway Industrial Hub as the location of its new distribution center in Rincon, GA. The South Korea-based automotive part supplier will open a 136,000-square-foot facility in February as part of its production…
Novare Group and BCDC are teaming up to open the 316-unit Populus Pooler to residents in Savannah. The property is between the South’s busiest seaport and the under-construction Hyundai Motor Group “Metaplant,” the largest economic development project in Georgia’s history….
A Northmarq team led by Allan Lynch brokered the sale of Alta Filament, a 352-unit luxury multifamily property, for $107 million. The newly built community is located in the Mill District neighborhood. Northmarq represented the seller, Wood Partners. The buyer was…
Capital Development Partners has announced a 982,800-square-foot lease at Central Port Logistics Center with Plastic Express. Plastic Express will export over 150 million tons of US-made plastic resin products. Central Port Logistics Center Building 11 is a CSX rail-served site and will…
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