Development

Dwight Capital Provides $56M HUD-Insured Construction Loan for Metro Dallas Multifamily Project

by Taylor Williams April 10, 2026

GARLAND, TEXAS — New York City-based Dwight Capital has provided a $56 million HUD-insured construction loan for StoneHawk Rosehill, a 269-unit multifamily project in the northeastern Dallas suburb of Garland. The site spans more than seven acres, and the development will offer one- and two-bedroom units, 51 percent of which will be subject to income restrictions. Amenities will include a pool, clubhouse with fitness and business centers, an onsite leasing and management office and outdoor recreation areas, including a landscaped courtyard. Brandon Baksh and Brian Yee of Dwight originated the financing through HUD’s 221 (d)(4) program on behalf of the locally based sponsor, StoneHawk Capital Partners.

April 10, 2026

Development Industrial Texas

Sansone Group, Principal Break Ground on 682,000 SF Industrial Project in South Austin

by Taylor Williams April 10, 2026

AUSTIN, TEXAS — A partnership between St. Louis-based developer Sansone Group and Principal Asset Management has broken ground on a 682,000-square-foot industrial project in Austin. The site is located 10 miles south of downtown Austin near the Tesla Gigafactory, and the project represents Phase II of a 134-acre development known as Austin Hills Commerce Center. Burton Construction is the general contractor for the Phase II, which will consist of a single building, and Stream Realty Partners has been appointed as the leasing agent. Phase I of Austin Hills Commerce Center comprised three buildings totaling 538,000 square feet. The development is ultimately planned to feature 1.3 million square feet across six buildings.

April 10, 2026

Development Massachusetts Multifamily Northeast

Greystar, Haseko Break Ground on 189-Unit Multifamily Project in Needham, Massachusetts

by Taylor Williams April 10, 2026

NEEDHAM, MASS. — A partnership between South Carolina-based owner-operator Greystar and the U.S. subsidiary of Japanese developer Haseko has broken ground on a 189-unit multifamily project in Needham, a southwestern suburb of Boston. The site at 100 West St. formerly housed an assisted living facility that has since been demolished, and the new apartment building will offer studio, one-, two- and three-bedroom units. Amenities will include a fitness center, library, lounge, package room with cold storage capabilities, a golf simulator, dog run, playground, community garden and two pocket parks. Completion is slated for fall 2027.

April 10, 2026

California Development Loans Multifamily Western

Affinius Capital Receives $144M Construction Loan for The Carina Multifamily Project in Santa Ana, California

by Amy Works April 10, 2026

SANTA ANA, CALIF. — Affinius Capital has received $144 million in construction financing for The Carina, an apartment development in Santa Ana. Jamie Kline, Charlie Vorsheck, Nick Englhard and Charlie Paul of JLL Capital Markets secured the three-year, floating-rate loan through QuadReal for the borrower. Located at 2828 N. Main St., The Carina will feature 408 apartments upon completion in October 2028. Construction began in April, with first units scheduled for delivery in May 2028. The nine-story property will offer a mix of studio, one- and two-bedroom apartments with stainless steel appliances, in-unit washers/dryers, quartz countertops, wood plank-style flooring and private balconies. Community amenities will include a resort-style swimming pool on an open-air, fourth-floor deck, an outdoor lounge and kitchen, fitness center, yoga and spin studio, resident game room, individual study rooms and offices, a dog run and wash, and onsite security. Lowe is managing development of the project. Greystar will provide property management for the community.

April 10, 2026

Acquisitions Development Utah Western

JLL Arranges Financing for 94-Acre Northpoint Innovation Park in Salt Lake City

by Amy Works April 10, 2026

SALT LAKE CITY — JLL Capital Markets has secured an undisclosed amount of financing for Northpoint Innovation Park, a 94-acre master-planned industrial project at 3200 N 2200 W in Salt Lake City. A Utah-based community bank provided the loan for the borrower, a joint venture between OCC Industrial and Xcel Development. Situated adjacent to Salt Lake City International Airport and within 10 minutes of downtown Salt Lake City, Northpoint Innovation Park’s master plan includes eight larger sites designed for front-park, rear-load vertical development and five smaller format sites with approximately 1 acre each of yard space or additional parking. Upon completion, the park will offer 15 pad-ready sites for small industrial users. Will Haass and Jeff Pew of JLL arranged the financing, which incorporates an Infrastructure Financing District municipal bond package that will fund public infrastructure improvements including roads, utilities and offsite connections. Culum Mills and the JLL Salt Lake City industrial leasing team will market the individual pad-ready sites to industrial users upon completion of horizontal improvements.

April 10, 2026

Affordable Housing Development Florida Loans Southeast

McDowell Housing Breaks Ground on $41.9M Affordable Housing Project in Pensacola, Florida

by Abby Cox April 10, 2026

PENSACOLA, FLA. — McDowell Housing Partners has broken ground on Ekos at Warrington, a 120-unit affordable housing community located in Pensacola near the Naval Air Station (NAS). The community will serve a mix of income levels, with 10 percent of units reserved for extremely low-income (ELI) households at 40 percent of the area median income (AMI), and the remaining 90 percent of units serving households at or below 60 percent AMI. Also, 50 percent of the total units will be set aside for active-duty military members, veterans and their families, including half of the ELI units that will be reserved for veterans experiencing homelessness. Ekos at Warrington is expected to be completed in the third quarter of 2027. Located at 280 Dogwood Drive, Ekos at Warrington will span four, three-story buildings, along with a standalone clubhouse. The project will provide 72 one-bedroom, 36 two-bedroom and 12 three-bedroom units ranging in size from 631 to 1,197 square feet. Amenities will include onsite management and maintenance offices, a ﬁtness center, community room with a kitchenette and game tables, media/business center with a computer lab, as well as a swimming pool, playground, dog park, barbecue area and a gazebo. The project will meet National Green …

April 10, 2026

Development Mixed-Use South Carolina Southeast

Stone City Capital to Develop 68-Acre Mixed-Use Project in Summerville, South Carolina

by Abby Cox April 10, 2026

SUMMERVILLE, S.C. — Charlotte-based Stone City Capital will develop Seamist Commons, a 68-acre mixed-use development located in the Charleston suburb of Summerville. The development will include retail and restaurant space in a walkable, village-style setting; office space; residential units with a central community “Commons”; a 28-acre forest preserve with potential future trailheads; golf cart accessibility; electric vehicle charging infrastructure; and outparcels for build-to-suit users and ground-lease tenants. Seamist Commons will serve a trade area anchored by approximately 20,000 nearby homes. Preleasing efforts are underway for Phase I of Seamist Commons, featuring retail spaces ranging in size from 1,400 square feet to 11,900 square feet. In early 2027, Core Commercial plans to break ground on Seamist Commons Boulevard, a two-story promenade. Coldwell Banker Commercial Atlantic (CBC Atlantic) is leading leasing efforts for the retail space at Seamist Commons.

April 10, 2026

Development Kentucky Southeast Student Housing

Subtext, Clarion to Break Ground on 784-Bed Student Housing Development Near University of Kentucky

by John Nelson April 9, 2026

LEXINGTON, KY. — Subtext is set to break ground on VERVE Lexington, a 784-bed student housing development located at 185 E. Maxwell St. near the University of Kentucky campus in Lexington. The community is being developed in partnership with Clarion Partners in a qualified opportunity zone and is scheduled for completion in summer 2028. VERVE Lexington will span 460,136 square feet and offer 275 units in one-, two-, three- and four-bedroom configurations. Shared amenities are set to include a ground floor coffee shop, dedicated study spaces, fitness and wellness spaces and a second-floor terrace with a pool and clubroom. The development team included Southern Building Group, KTGY, EA Partners and Pacific Life Insurance Co.

April 9, 2026

Development Industrial North Carolina Southeast

Redline, Landmark Industrial to Develop 137,388 SF Facility in East Charlotte

by John Nelson April 9, 2026

CHARLOTTE, N.C. — A partnership between Redline Property Partners and Landmark Industrial plans to develop a 137,388-square-foot industrial facility in Charlotte. The firms recently acquired a 13.2-acre infill site at 6407 Old Concord Road on the city’s east side, marking the second industrial land acquisition in the Charlotte area by the Redline and Landmark partnership in the past four months. The duo plans to deliver the facility, which will feature 32-foot clear heights, in early 2027. Henry Lobb, Nick Claudio and Colin Ferguson of Avison Young will lease the facility.

April 9, 2026

Affordable Housing Development Multifamily Texas

Palladium Nears Completion of $33M Mixed-Income Housing Project in Metro Houston

by Taylor Williams April 9, 2026

KATY, TEXAS — Palladium USA is nearing completion of a $33 million mixed-income housing project in the western Houston suburb of Katy. Palladium Park Row Katy Living will feature 93 units in one-, two- and three-bedroom formats, with the affordable units reserved for households earning between 30 and 80 percent of the area median income. Amenities will include a pool, fitness center, conference center, dog park, business center, children’s playroom and clubhouse with a mini kitchen. Palladium developed the property in a public-private partnership with the Harris County Housing Finance Corp. HEDK Architects designed the community, and Brownstone Group was the general contractor.

April 9, 2026

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