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…
JLL Income Property Trust has sold Presley Uptown, a 230-unit community in Charlotte, for $65.8 million, nearly $300K/unit. The JLL REIT paid $55 million for the project in 2019. The buyer, Eaton Vance Investment Managers also assumed the outstanding balance of a $30…
Providence Group Capital recently purchased a 6-acre parcel to add to its already sizable holdings in Charlotte. The site is next to the Kimbrell’s Furniture store on South Boulevard. Providence is developing a 100,000-square-foot climate-controlled self-storage building there. It also…
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…
Renter application fraud has become a growing nuisance for apartment owners like Camden Property Trust, as more and more tenants provide fake documents to sign a lease and never pay rent, banking on a lengthy eviction process and lax enforcement. …
TMGOC Ventures has received approval from a local review board to bring the first Ritz-Carlton to the Georgia city. Construction on the 104-room hotel and 20 residences is scheduled to begin in the second quarter of 2024, with a proposed…
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…
Orlando-based Holidays Network Group paid $27M for a Miami Beach apartment building that is approved for conversion into a 107-room hotel, The Real Deal reports. The 88-unit apartment complex at 2618 Collins Ave. was sold by a joint venture of investors Eli Dadon, Avi Dishi…
As rent growth declines and new construction progresses, oversupply is a hot topic in the multifamily industry. Now, fresh data shows the impact of elevated supply could fall heaviest on the high-end properties that make up the bulk of scheduled new deliveries….
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