By way of comparison, rents across the nation are up 1.4% since last January to $1,404 per month. Seattle, Portland and Sacramento reported the highest year-over-year rent appreciation among the 40 largest US housing markets. Also among the markets with the fastest appreciating rents are the California markets San Diego and Los Angeles, indicating the shift in places with rapidly rising home values has yet to hit the rental market. (Source: Zillow)

Peachtree City, the largest city in Fayette County, Georgia, has strong demographics with average and median household incomes within a three-mile radius of the Property of $120,000 and $95,000, respectively. (Source: Bentall Kennedy)

NEWS & NOTABLES

ATLANTA—Trey Barry has joined the CBRE National Partners industrial investment team in Atlanta. Barry, a first vice president, previously served as a member of CBRE's Advisory & Transaction Services in Atlanta, primarily representing industrial owners and developers. He and his team were responsible for approximately 10 million square feet of industrial transactions in 2016. Barry joined CBRE in 2005 and has since played an integral role in expanding the industrial leasing capabilities in Atlanta. His most notable skills include structuring and negotiating commercial leases, transaction management, site analysis, and strategic real estate planning.

HUNTSVILLE, AL—John Q. Hammons Hotels & Resorts announced Misty Williams has advanced to director of sales at the company's Embassy Suites by Hilton Huntsville Hotel & Spa in Alabama. Williams previously served as a sales manager at the upscale, 295-suite hotel connected via skybridge to the Von Braun Center. With more than 13 years of hospitality experience, primarily in Huntsville, Williams will supervise this TripAdvisor Certificate of Excellence Hall of Fame hotel's sales and marketing team.

ATLANTA—Classic Rock Coffee Company, based in Springfield, Missouri, has awarded the area franchise development Rights for Florida and Georgia to area developers Jerry Cohn, David Tannen and Tom Herter who include in their track record helping develop franchised brands like Pak Mail Centers of America and Century 21 Real Estate over the past 3 decades. They plan on expanding Classic Rock Coffee rapidly by offering single and multi-unit development opportunities.

DEAL TRACKER

PEACTHREE CITY, GA—Bentall Kennedy acquired Kedron Village II, a 157,185-square-foot retail center in the Atlanta area on behalf of the MEPT Fund and its affiliated funds. Kedron Village II is located 30 miles southwest of Downtown Atlanta in Peachtree City and is adjacent to an existing Fund-owned asset, Kedron Village I, a 97,000-square-foot, grocery-anchored retail center acquired in 2011. The weighted average remaining lease term for all tenants is nearly five years and 80% of the tenant base has been at the center for seven or more years. “The acquisition of Kedron Village II creates significant synergies with the Fund's existing center, Kedron Village I, and builds critical mass in a strong demographic trade area,” says David Nielson, senior vice president of Transactions at Bentall Kennedy.

THOMASTON, GA—HFF closed the $16 million sale of Golden Living Center of Jesup and Golden Living Center of Thomaston, two skilled nursing facilities totaling 209 beds in Jesup and Thomaston. HFF marketed the properties on behalf of a private seller. Golden Living Center of Jesup is located at 1090 West Orange Street in Jesup, which is the approximate midpoint between Savannah, GA, and Jacksonville, FL. The center offers clinical services, including neuro, pulmonary, cardiac, bariatric, hemodialysis and trach. The property was 89% occupied at the time of the sale. The HFF seniors housing team representing the seller was led by director Dave Fasano.

ATLANTA—Here's a look at the trends, announcements and deals you may have missed early this week in the Southeast.

This week in the Southeast was a little slower than normal for deal flow, but only a few deals in the middle markets making headlines. There's plenty of research, other news and notables, though, making it a busy week in the region's commercial real estate market.

BY THE NUMBERS

The nation's fastest-growing home values have moved from the typical California markets to Southern markets. Nashville, Portland and Tampa reported the fastest year-over-year home value growth, all appreciating over 10%. Home values in Nashville were up 9% a year ago, but are now rising at more than 12% annually, the fastest among the 40 largest US metros. (Source: Zillow)

By way of comparison, rents across the nation are up 1.4% since last January to $1,404 per month. Seattle, Portland and Sacramento reported the highest year-over-year rent appreciation among the 40 largest US housing markets. Also among the markets with the fastest appreciating rents are the California markets San Diego and Los Angeles, indicating the shift in places with rapidly rising home values has yet to hit the rental market. (Source: Zillow)

Peachtree City, the largest city in Fayette County, Georgia, has strong demographics with average and median household incomes within a three-mile radius of the Property of $120,000 and $95,000, respectively. (Source: Bentall Kennedy)

NEWS & NOTABLES

ATLANTA—Trey Barry has joined the CBRE National Partners industrial investment team in Atlanta. Barry, a first vice president, previously served as a member of CBRE's Advisory & Transaction Services in Atlanta, primarily representing industrial owners and developers. He and his team were responsible for approximately 10 million square feet of industrial transactions in 2016. Barry joined CBRE in 2005 and has since played an integral role in expanding the industrial leasing capabilities in Atlanta. His most notable skills include structuring and negotiating commercial leases, transaction management, site analysis, and strategic real estate planning.

HUNTSVILLE, AL—John Q. Hammons Hotels & Resorts announced Misty Williams has advanced to director of sales at the company's Embassy Suites by Hilton Huntsville Hotel & Spa in Alabama. Williams previously served as a sales manager at the upscale, 295-suite hotel connected via skybridge to the Von Braun Center. With more than 13 years of hospitality experience, primarily in Huntsville, Williams will supervise this TripAdvisor Certificate of Excellence Hall of Fame hotel's sales and marketing team.

ATLANTA—Classic Rock Coffee Company, based in Springfield, Missouri, has awarded the area franchise development Rights for Florida and Georgia to area developers Jerry Cohn, David Tannen and Tom Herter who include in their track record helping develop franchised brands like Pak Mail Centers of America and Century 21 Real Estate over the past 3 decades. They plan on expanding Classic Rock Coffee rapidly by offering single and multi-unit development opportunities.

DEAL TRACKER

PEACTHREE CITY, GA—Bentall Kennedy acquired Kedron Village II, a 157,185-square-foot retail center in the Atlanta area on behalf of the MEPT Fund and its affiliated funds. Kedron Village II is located 30 miles southwest of Downtown Atlanta in Peachtree City and is adjacent to an existing Fund-owned asset, Kedron Village I, a 97,000-square-foot, grocery-anchored retail center acquired in 2011. The weighted average remaining lease term for all tenants is nearly five years and 80% of the tenant base has been at the center for seven or more years. “The acquisition of Kedron Village II creates significant synergies with the Fund's existing center, Kedron Village I, and builds critical mass in a strong demographic trade area,” says David Nielson, senior vice president of Transactions at Bentall Kennedy.

THOMASTON, GA—HFF closed the $16 million sale of Golden Living Center of Jesup and Golden Living Center of Thomaston, two skilled nursing facilities totaling 209 beds in Jesup and Thomaston. HFF marketed the properties on behalf of a private seller. Golden Living Center of Jesup is located at 1090 West Orange Street in Jesup, which is the approximate midpoint between Savannah, GA, and Jacksonville, FL. The center offers clinical services, including neuro, pulmonary, cardiac, bariatric, hemodialysis and trach. The property was 89% occupied at the time of the sale. The HFF seniors housing team representing the seller was led by director Dave Fasano.