Development

Core Spaces Breaks Ground on 2,201-Bed Student Housing Project Near Texas A&M University

by Taylor Williams August 20, 2026

COLLEGE STATION, TEXAS — Core Spaces has broken ground on Hub College Station, a 2,201-bed student housing project near the Texas A&M University campus in College Station’s Northgate District. The project will include two seven-story buildings that will house 570 units in various configurations upon completion, which is planned ahead of the 2028-2029 academic year. Shared amenities are set to include a rooftop pool and hot tub; 14,000-square-foot wellness center with indoor and outdoor training tracks, an indoor half-court basketball court, yoga studios, putt-putt course, golf simulator and dedicated spa; study lounges with private study spaces and collaboration rooms; and indoor and outdoor social spaces. The development team for the project includes Treehouse Construction and Antunovich Associates. Pacific Life provided construction financing.

August 20, 2026

Development Loans Multifamily New York Northeast

Dwight Mortgage Trust Provides $55M Construction Loan for Multifamily Project in Kaser, New York

by Taylor Williams August 20, 2026

KASER, N.Y. — Dwight Mortgage Trust, the affiliate REIT of New York City-based Dwight Capital, has provided a $55 million construction loan for a 104-unit multifamily project that will be located at 10 Ashel Lane in Kaser, about 40 miles northwest of New York City. The property will feature one-, two-, three-, and four-bedroom units and 45,000 square feet of ground-floor commercial space that will be home to a grocery store and urgent care clinic. Steven Hersko of The SHB Group arranged the loan on behalf of the borrower, Sky Equity Group. A tentative completion date was not announced.

August 20, 2026

Arizona Development Industrial Western

Creation Breaks Ground on 700,000 SF Avondale Tech Center in Arizona

by Amy Works August 20, 2026

AVONDALE, ARIZ. — Creation, in partnership with a real estate fund advised by Crow Holdings Capital, has broken ground on Avondale Tech Center, a 700,000-square-foot Class A industrial campus in Avondale. LGE Design Build is serving as both architect and general contractor for the project, which is slated for completion in third-quarter 2027. Situated on 38 acres on the northwest corner of 117th Avenue Corporate Drive, Avondale Tech Center will feature three buildings ranging from 212,184 square feet to 254,264 square feet. The buildings will offer 36-foot clear heights, seven-inch unreinforced slab floors, four EV chargers with eight charging stalls per building and a fully gated site. Additionally, the buildings will incorporate FM Global features, including a steel roof and an upgraded K-25 ESFR sprinkler system throughout. Riley Gilbert, John Lydon and Kelly Royle of JLL are handling leasing efforts for the development.

August 20, 2026

Alabama Development Hospitality Mixed-Use Southeast

IHG Opens 112-Room Hotel Indigo at $2.2B MidCity District in Huntsville

by John Nelson August 20, 2026

HUNTSVILLE, ALA. — IHG Hotels & Resorts has opened a new 112-room Hotel Indigo within MidCity District, a $2.2 billion mixed-use district in Huntsville by RCP Cos. Located at 940 Nunnuhsae Park Drive NW, the hotel features a lobby restaurant and bar called The Indie, a fitness center and 1,100 square feet of meeting and event space. The property is the only Hotel Indigo in Huntsville and the fourth in Alabama. Other elements of MidCity District include the Orion Amphitheater, Trader Joe’s, REI, Topgolf, Holiday Inn, multiple apartment communities and several chef-driven restaurants.

August 20, 2026

Development Indiana Midwest Multifamily Student Housing

Gilbane, Purdue Fort Wayne Open 600-Bed Student Housing Development in Indiana

by Kristin Harlow August 20, 2026

FORT WAYNE, IND. — Gilbane and Purdue University Ford Wayne (PFW) have opened Trace, a 600-bed student housing complex on PFW’s North Campus made possible through a public-private partnership. PFW is continuing its transition from a commuter campus by offering a more traditional residential community, addressing the need for more student housing, which has been at full capacity for seven consecutive fall semesters. Located near Ginsberg Hall, the four-story, 213,000-square-foot development includes 176 units spanning studio to four-bedroom accommodations. Nearly half of the beds are reserved for university-contracted students while the remaining will be available for other students, including those enrolled at other colleges and universities, who will lease the complex directly. Amenities at the property include a convenience store, fitness center, gaming room, study space, lounges, a reception area, leasing office and multipurpose spaces. Outdoor amenities include a hammock farm, sand volleyball court, basketball court, grilling areas, fire pits and green space. Gilbane served as developer and construction manager, AVB was the design-builder and Progressive AE was the architect. The complex will be owned by Strategic Facility Partners and operated by Inwood Management.

August 20, 2026

Acquisitions Development Illinois Midwest

Metro Chicago’s Wingspan Development, UrbanStreet Complete Merger

by Kristin Harlow August 20, 2026

MOUNT PROSPECT, ILL. — UrbanStreet Group and Wingspan Development Group, a national development arm of Nicholas Family of Cos. (NFOC), have completed a merger. Wingspan will transition its future pipeline of multifamily and mixed-use developments to UrbanStreet, which will lead multifamily development efforts. Nicholas & Associates, the general contracting arm of NFOC, will continue to provide construction services for any multifamily projects that fall under the alliance in Illinois, Florida and Wisconsin as well as additional markets when feasible. Excluding projects currently underway in its portfolio, Wingspan’s future involvement in multifamily will focus on investment and third-party construction services. Wingspan will focus on its continued expansion in commercial sectors such as sports and entertainment venues, retail, industrial and land development. Together, UrbanStreet and NFOC have delivered more than 7,500 multifamily units across 25 completed projects, representing more than $3 billion in combined development value.

August 20, 2026

Development Industrial Texas

Portman Acquires Land in North Houston, Receives Construction Financing for 714,339 SF Industrial Project

by Taylor Williams August 19, 2026

HOUSTON — Atlanta-based developer Portman has acquired land and received construction financing for Gateway 1960, a 714,339-square-foot industrial project that will be located in North Houston. Neither the acreage of the site nor the amount of the construction loan were disclosed. Gateway 1960 will comprise a 440,323-square-foot cross-dock structure, a 157,723-square-foot front-load building and a 116,293-square-foot rear-load facility, all of which will feature speculative office space, LED lighting and dock-high loading doors. Project partners include general contractor Angler Construction, Powers Brown Architecture as the architect, civil engineer Langan and leasing agent Partners Real Estate. Construction is set to begin before the end of the month and to be complete in the third quarter of 2027.

August 19, 2026

Acquisitions Development Industrial Nevada Western

IndiCap Acquires Site for 70,405 SF Industrial Development in Southwest Las Vegas

by Amy Works August 19, 2026

LAS VEGAS — IndiCap has acquired land in southwest Las Vegas for the development of Southwest Bay, a Class A infill industrial project. The site spans 3.8 net acres of usable land, not including street rights-of-way, and the 70,405-square-foot property will offer shallow-, small- and mid-bay industrial space with flexible suite configurations. Current plans call for suite configurations beginning at approximately 17,600 square feet, with the ability to accommodate full-building users. Located at the southwest corner of Russell Road and Edmond Street, Southwest Bay will feature concrete tilt-up construction with 28-foot clear heights, ESFR fire sprinklers, dock-high and grade-level loading, electrical capacity and flexible demising options. Sitework is slated to begin in April 2027, followed by vertical construction in May 2027. Southwest Bay is scheduled for delivery in February 2028, with preleasing available before completion. The project team includes Lee & Sakahara Architects as architect and structural engineer, Per4mance Engineering as civil engineer and NDL Group as general contractor. Greg Tassi and Donna Alderson of Cushman & Wakefield are handling leasing for the project. First American provided title services for the project.

August 19, 2026

Acquisitions Data Centers Development Industrial North Carolina Southeast

WhiteFiber Agrees to Buy Two Industrial Facilities in North Carolina, Plans Data Center Conversions

by John Nelson August 19, 2026

YADKIN COUNTY, N.C. — WhiteFiber Inc., a data center owner-operator and cloud solutions provider, has agreed to acquire two industrial facilities in Yadkin County, situated near Winston-Salem at the foothills of the Blue Ridge Mountains. WhiteFiber is acquiring the properties via its wholly owned subsidiary Enovum Data Centers Corp. with plans to retrofit both properties into data centers. The agreed purchase price was $60 million for both sites. The two facilities, which will be renamed NC-2 and NC-3, sit approximately 55 miles from NC-1, WhiteFiber’s existing data center campus in Madison, N.C. NC-2 and NC-3 are expected to provide a combined minimum of 60 megawatts (MW) of initial gross utility capacity with the potential to support up to 200 MW of combined utility capacity over time. WhiteFiber expects to close the transaction in the fourth quarter and bring the properties on line in third-quarter 2027.

August 19, 2026

Civic Development Midwest Missouri

St. Louis Lambert International Airport Underway on $114M Maintenance Complex

by Kristin Harlow August 19, 2026

ST. LOUIS — A new $114 million maintenance complex will open at St. Louis Lambert International Airport. The 285,000-square-foot complex will replace the existing 135,000-square-foot facility, which dates to the 1960s and is located in a flood-prone area. Situated on higher ground, the new facility will provide expanded, modernized space to meet the maintenance and sheltering needs of modern airfield equipment. The project will also consolidate critical airfield operations into two facilities, including snow removal, vehicle repair, materials warehousing, landscaping and maintenance functions. These operations are currently spread across nine buildings, some of which are more than 50 years old. Construction began in October 2025 and is expected to be completed in late 2027. KAI is providing mechanical, electrical and plumbing engineering services for the project. Wright Construction Services is the general contractor, Kwame and HR Green Inc. serve as the program manager and Jacobs is the architect and structural engineer. Funding for the project was made possible through a $20 million grant from the Federal Aviation Administration and a $4.6 million grant under the Airport Infrastructure Grants program through the Bipartisan Infrastructure Law.

August 19, 2026

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