Development

Landmark Properties, CrossHarbor Capital Break Ground on 272-Unit Student Housing Property in Eugene, Oregon

by Amy Works July 2, 2026

EUGENE, ORE. — Landmark Properties and CrossHarbor Capital have broken ground on The Mark Eugene, a 272-unit student housing property located on a 2.6-acre site in Eugene. The project team for the five-story housing community includes ESG Architecture & Design, Landmark Construction and KPFF Consulting Engineers. Located at 1290 Alder St., less than one mile from the University of Oregon, The Mark Eugene will feature 1,002 beds across 272 units in a mix of studios, one-, two-, three-, four- and five-bedroom layouts. Apartments will be fully furnished, wired for high-speed internet and cable and feature in-unit laundry. Units will also include stainless steel appliances and finishes, hardwood-style laminate floors, quartz countertops, wood trim, large cabinets and bed-bath parity. The Mark Eugene will feature 37,000 square feet of amenity space, including a resort-style pool and spa with cabanas, clubhouse, outdoor grilling, fire pit and seating areas, dog park and multiple outdoor courtyards. Interior amenities will include a fitness center, sports simulator, wellness suite with sauna and cold plunge, study lounge with café, gaming lounge and bike storage. Additionally, the property will feature 5,785 square feet of ground-floor retail space within a parking deck located at 13th and Hilyard, which was included as …

July 2, 2026

Arizona Development Retail Western

Diversified Partners Advances 163-Acre Retail Center Development in Mesa, Arizona

by Amy Works July 2, 2026

MESA, ARIZ. — Diversified Partners is advancing the development of Destination at Gateway, a 163-acre retail center located at Signal Butte Road in Mesa. The project will include two components: 24 Auto Row, an 80-acre, purpose-built auto mall, and an adjacent power center. Off-site improvements on the east side of Signal Butte Road have been completed, while site work on the west side is underway and is scheduled to be completed by the third quarter of 2026. Current and planned tenants for the project’s power center include Walmart, 7 Brew, Take 5 Oil Change, Taco Bell, Zara Nail Bar and PAC Dental. Additional leasing opportunities remain available for drive-thru pads, shop space and a future junior anchor retailer.

July 2, 2026

Development Industrial Office Texas

Foundry Commercial to Undertake Office-to-Industrial Conversion in Dallas

by Taylor Williams July 2, 2026

DALLAS — Foundry Commercial, an Orlando-based development and brokerage firm, will undertake an office-to-industrial conversion project in Dallas. The address of the office building was not announced, but the new industrial facility will total approximately 126,000 square feet and will be known as Villa Creek. The building will feature 32-foot clear heights, 28 dock-high doors and two drive-in doors. Construction is scheduled to begin this summer and to last about a year. Villa Creek will be Foundry’s 12th office-to-industrial conversion nationally and seventh in the Dallas-Fort Worth metroplex.

July 2, 2026

Development Industrial Oklahoma Texas

Quantum Space Begins Redevelopment of Historic Aerospace Building in Tulsa, Oklahoma

by Taylor Williams July 2, 2026

TULSA, OKLA. — Spacecraft company Quantum Space has begun redeveloping the Spartan Building, a historic aerospace property in Tulsa, for conversion into a spacecraft manufacturing facility. The facility will span between 25,000 and 40,000 square feet and will be equipped for assembly and fabrication, non-destructive testing and pressure testing of large propulsion tank manufacturing and precision spacecraft parts production. Quantum Space will occupy a move-in-ready temporary facility beginning in 2026 until renovations are complete, which is tentatively slated for the first quarter of 2027.

July 2, 2026

Development Northeast Pennsylvania Restaurant Retail

Comcast Spectator, Cordish Cos. Complete Redevelopment of South Philadelphia Sports Complex

by Taylor Williams July 2, 2026

PHILADELPHIA — Philadelphia-based Comcast Spectator and The Cordish Cos., a Baltimore-based developer specializing in sports-anchored entertainment districts, have completed the redevelopment of the Stateside Live! sports complex in South Philadelphia. The redevelopment features the addition of a two-story building with a rooftop space known as AVA Rooftop Bar, a performance stage with 1,000 premium seats and a 5,000-person capacity, an expansion of PBR Philly via a dedicated outdoor stage and dance floor and an open-air beer garden. Ownership also introduced new dining options, including local restaurants such as Chickie’s & Pete’s, Lorenzo’s Pizza and Geno’s Steaks. The project was first announced in late 2024.

July 2, 2026

Acquisitions Development Illinois Industrial Midwest

Prologis to Build 454,000 SF Industrial Development in Suburban Chicago

by Kristin Harlow July 2, 2026

GLENDALE HEIGHTS, ILL. — Prologis has acquired 26.2 acres of land in Glendale Heights with plans to build a speculative industrial development consisting of two Class A logistics facilities totaling 454,000 square feet. Each building will feature a clear height of 36 feet, more than 200 car parking spaces and a shared 200-foot truck court. The project site is adjacent to the High Grove Business Park to the east and a commercial and retail development to the west. It also features direct access to I-355 and proximity to the Chicago O’Hare airport. Plans call for significant infrastructure improvements, including construction of a new connector drive and upgrades to nearby intersections and stormwater management facilities.

July 2, 2026

Development Industrial Midwest Minnesota

Standard, Endeavor Complete 174,288 SF Cobalt Business Center in Metro Minneapolis

by Kristin Harlow July 2, 2026

MENDOTA HEIGHTS, MINN. — Standard Real Estate Investments LP and Endeavor Development have completed Cobalt Business Center, a 174,288-square-foot industrial facility in the Minneapolis suburb of Mendota Heights. The project was fully preleased prior to completion to a single tenant. Located on a 10-acre infill site, Cobalt Business Center is situated near the airport and features a clear height of 32 feet, 15 dock positions, motion-sensing LED light fixtures, ESFR fire protection and 4,000 amps of power. CBRE’s Jeff Przytarski, Bryan Van Hoof, James DePietro and Sam Manke represented ownership. Brian Netz and Eric Tomchik of Newmark represented the tenant.

July 2, 2026

Development Florida Healthcare Southeast

Jackson Health Completes $400M Emergency Room Expansion in Miami

by Abby Cox July 2, 2026

MIAMI — Jackson Health System has completed the first phase of the $400 million renovation and expansion of its emergency room at Jackson Memorial Hospital in Miami. The newly built, ground-up emergency room has doubled its original footprint, which now spans 178,000 square feet. Designed by HKS and built by Skanska, the project included the demolition of two existing buildings to create space for the expanded facility. Phase I of the renovation features 60 general exam rooms, four resuscitation rooms, six triage and 12 fast-track rooms, along with a second floor that comprises 50 observation rooms and seven acute care rooms. Patients also now have access to a full radiology suite with MRI, CT, X-ray and ultrasound capabilities, as well as an on-site pharmacy for immediate delivery of medications. Phase II of the project will continue to expand the existing 45,000-square-foot emergency room with 121 adult emergency rooms, dedicated behavioral health bays and 30 pediatric emergency rooms. Renovations are underway and scheduled for completion in 2027. Lastly, Phase III will further expand the emergency room through the addition of a third floor with more clinical space and a helipad for rapid transfers and life-saving arrivals.

July 2, 2026

Development Florida Industrial Southeast

DSI, Karis Break Ground on Final Phase of Speedway Commerce Center in Daytona Beach, Florida

by Abby Cox July 2, 2026

Daytona Beach, Fla. — Development Solutions Inc., in partnership with Karis and the City of Daytona Beach, has broken ground on the final phase of Speedway Commerce Center, an 808,693-square-foot industrial development underway in Daytona Beach. Designed by Lamar Johnson Collaborative (LJC) and constructed by DSI South, Building III will support the needs of logistics, distribution, manufacturing and e-commerce users. Building III will comprise 217,603 square feet and will feature 36-foot clear heights; 32 dock doors and two drive-in doors; 210 car parking spaces and 33 trailer stalls; an ESFR sprinkler system; and the ability to accommodate more than 20,000 square feet of office space and four tenants. The building is expected for delivery in the fourth quarter of 2026.

July 2, 2026

Development Industrial Midwest Ohio

IRG, PREP Funds to Renovate 160,000 SF Industrial Property in Dayton, Ohio

by Kristin Harlow July 1, 2026

DAYTON, OHIO — Industrial Realty Group LLC (IRG) and PREP Funds have acquired 5870 Poe Ave. in Dayton with plans to reposition the 160,000-square-foot property as Dayton Commerce Center. The asset is comprised of a 155,000-square-foot main building with 40,000 square feet of office space, six docks, four drive-in doors and heavy crane infrastructure. The property also includes a standalone 5,000-square-foot building. Both structures offer clear heights of 18 feet. Construction upgrades are slated to begin immediately, and ownership is actively marketing the space for lease.

July 1, 2026

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