Harbor Group International purchased Chronicle Mill at 96 Catawba St. in Belmont from Armada Hoffler Realty Trust (AH).

The Charlotte Business Journal reports the Chronicle Mill is a 238-unit adaptive-reuse apartment complex with 9,000 square feet of commercial space. The project comprises Studio, 1 Bed, and 2 Beds. Rents range from $1,335 – $2,176 per month. The redevelopment of the mill was a $60 million investment.

AH Realty Trust paid $1.4 million for the property in 2020.

Harbor Group’s acquisition of the adaptive-reuse project is part of a $562 million portfolio transaction,. Harbor Group is acquiring 11 multifamily properties from AH Realty Trust in the transaction.

Chronicle Mill was the 28th textile mill built in Gaston County and the first built in Belmont. The idea for the mill is credited to Robert Lee Stowe, a local merchant. It was built in 1901.

Harrison Street Asset Management offloaded a 106,000 Atlanta shopping center for $55.4 illion. Peachtree Station was purchased by TA Realty.

The Whole Foods-anchored center is 100% leased. The lease remains in effect until 2037. Other tenants include Starbucks, Chipotle, Cava, Verizon Wireless and First Watch.

JLL, which helped broker the deal, says the Whole Foods location ranks as the fourth-most-visited store in Georgia and among the top 40% of all Whole Foods locations nationwide by foot traffic, with an estimated 865,000-plus annual visits.

JLL represented Harrison Street in the deal. The JLL Capital Market’s Investment Sales and Advisory team included Jim Hamilton, Brad Buchanan, Andrew Kahn, Andrew Michols, Charlie Merrigan, Anton Serafini and John Perry Hilton.

The property benefits from its proximity to Atlanta’s most prestigious neighborhoods including Brookhaven, Buckhead and Sandy Springs, with strong daytime employment from nearby commercial centers and DeKalb Peachtree Airport, Georgia’s second-busiest airport.

OTO Development paid $31.5 for a St. Petersburg resort that was recently renovated due to hurricane damage. The 102-key Beachcomber Beach Resort reopened Oct. 30 after a year’s worth of repairs. The Tampa Bay Business Journal reports Gencom, the seller, bought the hotel in 2018 for $24 million.

Hodges Ward Elliott brokered the sale of the resort. Preston Reid, Rudy Reudelhuber and Celina Nowicki represented the seller.

The resort sits on more than 6 acres and includes 2,100 square feet of meeting space. Amenities include two outdoor pools, direct beach access and the iconic Jimmy B’s Beach Bar.

OTO Development owns and operates four hotels in the Tampa Bay region, totaling 579 keys: AC Hotel St. Petersburg, Hampton Inn & Suites Ybor City, DoubleTree North Redington Beach and Hilton Garden Inn St. Pete Beach, which is adjacent to The Beachcomber.

The Beachcomber, at 6200 Gulf Blvd., was built in 1956 and was renovated after its 2018 purchase and then again after the 2024 hurricane.

The Westin Savannah Harbor Golf Resort & Spa has been sold to Hersha Hotels and Resorts, a KSL portfolio company. Brookfield Properties was the seller. Brookfield oversaw an $8 million revamp in 2023.

JLL represented Brookfield in the transaction, highlighting the third time JLL has sold the asset in 10 years. The JLL Hotels & Hospitality Group team was led by Andrew Dickey, Maciej Polek and Derek Hayden.

The property features 403 guestrooms, more than 51,800 square feet of flexible indoor and outdoor meeting venues, five food and beverage outlets and an extensive amenity package that includes an 18-hole championship golf course designed by Robert Cupp and Sam Snead, a 17-treatment-room Heavenly Spa by Westin, pool with river views, tennis and pickleball facilities and an 18-hole disc golf course.

The adjacent Savannah Convention Center completed an $276 million expansion in April 2025

Regency Centers Corp. paid $118.5 million for the Brentwood Place Shopping Center. The Nashville Business Journal reports the center has doubled in value since Swift Creek Holdings paid $60.2 million for the site in 2007.

The Brentwood Place Shopping Center, located at 330 Franklin Road, offers 320,000 square feet and is home to multiple major retailers, including Nordstrom Rack, TJ Maxx, Home Goods, Total Wine and Golf Galaxy. The center is 95% leased and draws 4.3 million annual visitors. It is adjacent to the future 350,000-square-foot Vanderbilt Medical Campus.

Regent Centers, headquartered in Jacksonville, Florida, is a national owner, operator and developer of shopping centers located in suburban areas. The recent purchase expands Regency’s local portfolio, which also includes three grocery-anchored shopping centers in Franklin, Hermitage and Brentwood.

Timberline Real Estate Ventures bought The Wilde student apartments in Raleigh for $44.35 million. The seller, Cardinal Group, acquired the property in 2018 for $42.45 million. 

Located on nearly 16 acres at 3333 Melrose Club Blvd. on the south side of Interstate 40, the property, not far from North Carolina State, has 210 units in 16 3-story buildings.

Built in 1996 and renovated in 2011 and 2022, the apartments rent from $775 to $905 a month for a bedroom in either a two-, three—or four-bedroom plan. The fully furnished apartments feature quartz countertops, stainless steel appliances and an in-unit washer and dryer. Residents have access to a swimming pool, fitness center, clubhouse, private study rooms, game and recreation room, basketball and volleyball courts, dog park, grilling stations and free shuttle service to campus.

The Triangle Business Journal reports renovations will start soon, including upgrading common areas, units and the pool area.

Timberline Real Estate Ventures is a privately held real estate investment company that specializes in student housing.

A pair of century-old Midtown Manhattan office buildings are trading at a steep discount as lenders look to cut their losses, Bloomberg News reported. Empire Capital Holdings agreed to buy the properties at 229 W. 36th St. and 256 W. 38th St. for less than $50 million, or at least 68% below the roughly $157 million the buildings last sold for in 2017. 

The deal was a short sale for lender Investcorp, according to Bloomberg. Short sales have become more common as office values have plummeted, often below loan amounts. Last year, Empire Capital and a partner purchased a West 44th Street office building in a short sale.

Bloomberg reported that CBRE’s Doug Middleton and Jack Stillwagon are handling the sale. The buyer is considering either keeping the sites as offices or turning them into storage properties for now, a source told Bloomberg. Both properties also sit within a rezoning district.

Cushman & Wakefield advised Snowball Developments in obtaining acquisition financing of $23,700,000 for 301 Governors Hwy., a 507,733-square-foot industrial property in South Windsor, CT, within the Hartford metro area. The loan was provided by Prime Finance.

A Cushman & Wakefield Equity, Debt & Structured Finance team of John Alascio, Jeff Dybas, Alex Lapidus and Meredith Donovan represented the borrower. The property, previously owned and fully occupied by Macy’s, has been leased back to Macy’s by Snowball Developments in a sale-leaseback.

“This transaction underscores the strategic value of 301 Governors Highway within the Eastern Hartford submarket,” said Dybas. “With its single-tenant absolute net lease and sale-leaseback rent, the property presents significant upside potential. The extensive 38-acre site and ample trailer parking further distinguish it in a supply-constrained market.”

According to Cushman & Wakefield, the Eastern Hartford submarket boasts a low vacancy rate of 1.4%, with no speculative developments on the drawing board.

Origin Investments acquired the Queens Wedgewood-Houston (Queens WeHo), a 221-unit multifamily community at 715 Hagan St. in the WeHo neighborhood of downtown Nashville, Tenn. The purchase price exceeded $79.4 million.

Queens Wedgewood-Houston, developed by Proffitt Dixon, was delivered in 2023 and features a mix of studio, one-, two-, and three-bedroom units ranging in size from 559 square feet to 1,120 square feet. At the closing, the stabilized community was approximately 94% occupied after leasing at a pace of more than 20 units per month during the summer and fall. 

Another significant benefit of the property is its restaurant and retail space. It is fully leased to Mercado by Butchertown, a Nashville restaurant with a rooftop bar, Ramone’s.  

A Walker & Dunlop team led the Investment Sale and Debt Placement efforts in the transaction.

With this acquisition, Origin Investments’ portfolio of multifamily properties totals nine communities and over 2,300+ units in varying stages of pre-development, construction or operation in Nashville.

Marcus & Millichap closed the sale of BJ’s Wholesale Club, a 91,828-square-foot retail property located at 110 Longview Dr. in Bangor, ME, for $12,460,350. 

“We received serious interest in this deal from several institutional buyers,” said Adam Cohen, first VP investments. “In the end, we selected a buyer who owns multiple BJs locations nationwide and whom we knew would operate quickly and efficiently in closing this deal, which is exactly what they did.”  

Cohen and Brett Kilar, investment specialists in Marcus & Millichap’s Boston office, marketed the property on behalf of the seller and procured the buyer, a large nationally recognized REIT. Thomas Shihadeh is the firm’s broker of record in Maine. 

BJ’s Wholesale Club in Bangor sits on a 13-acre lot in the city’s primary retail corridor, near a 60-acre shopping center and national retailers such as Target, Lowe’s and Walmart. The property operates under a corporate-backed, long-term NN lease with rent escalations every five years.