Development

Sunbelt Investment Holdings to Develop 363-Unit Multifamily Community in Phoenix

by Amy Works March 9, 2026

PHOENIX — Sunbelt Investment Holdings (SIHI) has commenced development of Sanctuair Deer Valley, a Class A multifamily development on 18 acres at the northwest corner of 19th Avenue and West Grandview in Phoenix. Sanctuair Deer Valley will feature two- and three-story residential buildings offering a total of 363 one-, two- and three-bedroom apartments, as well as townhomes ranging from 737 square feet to 1,802 square feet. Onsite amenities will include a resort-style pool with a spa and cold plunge, a large fitness center, yoga lawn, pickleball courts, a pedestrian walking trail, golf simulator, an outdoor putting green, music room, hammock garden and meditation room. Additionally, the community will offer a citrus orchard, resident garden, game lawn, enclosed bike storage, a tot-lot for kids and two dog parks with dog wash areas. CCBG Architects designed the project, and MT Builders is serving as general contractor. Greystar will manage the asset upon completion. The clubhouse, fitness center and first units are slated for delivery in third-quarter 2027.

March 9, 2026

Development Industrial Leasing Activity Texas

Baer Manufacturing Signs 606,000 SF Industrial Lease in Georgetown, Texas

by Taylor Williams March 9, 2026

GEORGETOWN, TEXAS — Baer Manufacturing, an affiliate of Hunt Electric Corp., has signed a 606,000-square-foot, build-to-suit industrial lease in the northern Austin suburb of Georgetown. The company will occupy the entirety of one of the two buildings that are planned for Phase II of Crosspoint Business District, a development by North Texas-based Jackson-Shaw. The second building will be developed on a speculative basis. Construction of both buildings is set to begin in the coming days and to last about a year. Baer Manufacturing has also leased about 73,000 square feet of the remaining space within Phase I of Crosspoint Business District to serve as a temporary operational area while the build-to-suit facility is under construction. Darryl Dadon and Olivia Reed of CBRE represented Jackson-Shaw in the lease negotiations.

March 9, 2026

Development Hospitality Texas

Stockyards Heritage to Undertake $30M Renovation of Fort Worth Hospitality Properties

by Taylor Williams March 9, 2026

FORT WORTH, TEXAS — Stockyards Heritage Development Co., which is a partnership between California-based Majestic Realty and Fort Worth-based Hickman Cos., will undertake a $30 million renovation of two hospitality properties in the historic Stockyards District in downtown Fort Worth. The renovation of the Stockyards Hotel and H3 Ranch will deliver upgraded infrastructure and a refreshed dining room, as well as other updates to preserve the properties’ historic character. The hotel first opened in 1907, and the H3 Ranch debuted in 1998. Work is set to begin in early April, with the H3 Ranch scheduled to reopen by the end of the year. The hotel will reopen in early 2027.

March 9, 2026

Development Illinois Loans Midwest Multifamily

Associated Bank Provides $7.6M Construction Loan for Chicago Apartment Building

by Kristin Harlow March 9, 2026

CHICAGO — Associated Bank has provided a $7.6 million construction loan for a five-story, 40-unit apartment building located at 4725 N. Clifton Ave. in Chicago. CEDARst Cos. is developing the transit-oriented project, which is named Clifton Uptown. Located in the heart of the Uptown Square Historic District, the property will feature 12 studio units, 28 one-bedroom units and 1,839 square feet of ground-floor retail space. The site is adjacent to the CTA Red Line Lawrence Station that is in the final stages of a $2.1 billion Red and Purple Line modernization project. Daniel Barrins of Associated Bank managed the loan arrangements and closing.

March 9, 2026

Development Features Industrial Midwest Multifamily Northeast Office Retail Southeast Texas Webinar Western

Webinar: Flood Zones & FEMA Compliance — How Developers Avoid Delays, Cut Insurance Costs & Increase Property Value

by Sarah Daniels March 9, 2026

The March 2 France Media webinar “Flood Zones & FEMA Compliance — How Developers Avoid Delays, Cut Insurance Costs & Increase Property Value,” hosted by France Media and sponsored by National Flood Experts, examined how flood zones and evolving regulatory requirements are shaping development and financing outlooks. Flood risk is often treated as a late-stage compliance issue, but it can influence site design, permitting timelines, construction costs (and cost expectations) and long-term insurance expenses. Flood maps established by federal and local authorities define development constraints such as base flood elevations and floodways. Because these maps are updated slowly and regulations vary by municipality, developers frequently encounter unexpected complications during permitting, including the need for additional engineering studies, modeling requirements and extended approval timelines. The webinar panelists emphasized ways that developers can mitigate these risks by approaching flood zones strategically and incorporating flood analysis earlier in the development lifecycle. Early collaboration can identify opportunities to cut costs and avoid delays. Watch this brief webinar to learn about common problems caused by flood zones, changes in regulatory needs and practical pathways to help reduce or eliminate flood zone requirements (to increase the value of properties). Panelists: Webinar sponsor: The webinar is sponsored …

March 9, 2026

Affordable Housing Colorado Development Multifamily Seniors Housing Western

Pennrose Breaks Ground on 50-Unit Affordable Housing Community in Superior, Colorado

by Amy Works March 6, 2026

SUPERIOR, COLO. — Pennrose has broken ground on Kite Route Crossing, a 50-unit affordable multifamily property for residents age 55 and older in downtown Superior. Slated to open in summer 2027, the asset will be the first income- and rent-restricted residential community in the town. Kite Route Crossing will offer 44 one-bedroom and six two-bedroom units available at 30 percent to 70 percent of the area median income. Apartments will include modern kitchens with hard-surface counters, Energy Star appliances, luxury vinyl flooring, bedrooms with walk-in closets, storage closets and Juliet balconies in select units. Community amenities will include covered parking and ground-floor amenity space, including onsite property management and maintenance, a community room, an open-concept lobby, activity room, indoor bike storage, pet washing station, package room and a fitness center. The $26.3 million development is financed by federal and state housing tax credits allocated by the Colorado Housing and Finance Authority and purchased by Hudson Housing Capital and JP Morgan Chase. JP Morgan Chase provided a senior construction loan and Berkadia provided a permanent loan. The Colorado State Division of Housing, Department of Local Affairs, Boulder County, the Town of Superior and the Community Foundation of Boulder County all provided financial …

March 6, 2026

Development Loans Multifamily Oregon Seniors Housing Western

Gantry Secures $12M Construction-to-Permanent Loan for Assisted Living Project in Oregon

by Amy Works March 6, 2026

WOODBURN, ORE. — Gantry has secured a $12 million construction-to-permanent loan for the development of an assisted living facility in Woodburn. Charlie Kokernak and Tim Brown of Gantry arranged the 10-year, fixed-rate loan for the borrower, an affiliate of Benicia Senior Living. An Oregon-based credit union provided the loan, which includes interest-only payments for the first three years followed by a 25-year amortization. Located at 1000 Country Club Road NE, the community will feature 46 units, totaling 51 beds. The property is adjacent to Heartwood Place Memory Care, which is also owned and managed by Benecia Senior Living.

March 6, 2026

Civic Development Texas

Texas Woman’s University Opens $107M Health Sciences Center in Denton

by Taylor Williams March 6, 2026

DENTON, TEXAS — Texas Woman’s University (TWU) has opened the $107 million health sciences center at its campus in the North Texas city of Denton. The 136,000-square-foot facility serves students in the allied healthcare fields, such as nursing, physical therapy and occupational therapy. The new health sciences center was constructed on seven acres adjacent to Parliament Village, a TWU residential complex. The facility houses laboratory space, classrooms, collaborative workspaces, outdoor clinic sites and a teaching kitchen, as well as community healthcare clinics and training areas for students. Construction began in fall 2023 and topped out in August 2024.

March 6, 2026

Mohawk-Valley-Industrial-Center-Florida-New-York

Acquisitions Development Industrial New York Northeast

Amazon Buys 143-Acre Industrial Development Site in Florida, New York

by Taylor Williams March 6, 2026

FLORIDA, N.Y. — Amazon has purchased a 143-acre industrial development site in Florida, located about 65 miles northwest of New York City near the New York-New Jersey border. The fully entitled site is located along State Highway 5 and has all major utilities already in place. Amazon did not announce specific development plans for the site, but the facility will be known as Mohawk Valley Industrial Center. Jim Panczykowski of JLL led a team that marketed the site on behalf of the seller, regional investment and development firm Winstanley Enterprises.

March 6, 2026

Development Loans Multifamily New York Northeast Office

Largo Capital Arranges $76M in Financing for Office-to-Residential Conversion in Lower Manhattan

by Taylor Williams March 6, 2026

NEW YORK CITY — Largo Capital, a financial intermediary based in upstate New York, has arranged $76 million in construction-to-permanent financing for an office-to-residential conversion project in Lower Manhattan. The project will redevelop the historic, 21-story office building at 2 Wall St. into a 211-unit apartment complex. Jack Phillips of Largo Capital structured the debt. The direct lender was not disclosed. The borrower was also not disclosed, but the building is listed on the website of local landlord George Comfort & Sons.

March 6, 2026

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