Southeast

In our pre-event coverage of GlobeSt.com's ADAPT awards, we took a closer look at adaptive reuse projects across the country. The winner of the best economic revitalization of a neglected building goes to Interface Headquarters.

GlobeSt.com catches up with ASC's Jentry Anderson about being an advocate, a deal-maker and being a mediator in this industry.

The commencement of vertical construction at Alta Headwaters now makes three projects the firm currently has under construction in Orlando, with three more slated to start before the end of the year.

"There are especially attractive deals in the new construction space especially in high quality assets with a long term hold."

The 178,200-square-foot Class A property was sold by Westbrook Partners of New York City. Hines is headquartered in Houston, while Oaktree Capital maintains its headquarters in Los Angeles. Westbrook acquired the property in late 2017 for $72 million.

AmTrust Bank will keep a branch in the building after hammering out a leaseback agreement.

At least four apartment towers are on tap in addition to the newly finished Wynwood 25 and The Bradley, which is under construction.

Very few concessions are being offered in large markets such as Providence, Riverside/San Bernardino, Sacramento, Minneapolis/St. Paul and Boston, with discounts on only about 5% to 7% of apartments.