Development

Read King, Wayfinder Underway on 368-Unit Multifamily Project in Richmond, Texas

by Taylor Williams January 8, 2026

RICHMOND, TEXAS — A joint venture between local developer Read King and Austin-based Wayfinder Real Estate is underway on construction of a 368-unit multifamily project in Richmond, a southwestern suburb of Houston. Known as Verbena at Waterview, the project encompasses 14 acres within the Waterview Town Center mixed-use development. Units will come in studio, one-, two- and three-bedroom floor plans and will range in size from 641 to 1,349 square feet. Amenities will include a pool, fitness center, pickleball court, two dog parks, putting green, game room and a library with coworking space. Meeks + Partners is the project architect, and OHT Partners is the general contractor. Vertical construction has commenced, and full completion is slated for summer 2027.

January 8, 2026

Acquisitions Development Industrial Texas

Koontz Corp. Sells 25.6-Acre Industrial Development Site in South San Antonio

by Taylor Williams January 8, 2026

SAN ANTONIO — Locally based developer Koontz Corp. has sold a 25.6-acre industrial development site that is located within the 188-acre Frontera mega-site on the south side of San Antonio. The buyer, an affiliate of Builders FirstSource, plans to develop a manufacturing facility on the parcel to support construction activity throughout the region. Partners Real Estate represented Koontz Corp. in the transaction. Llano Realty Partners represented Builders FirstSource.

January 8, 2026

Development Florida Hospitality Loans Mixed-Use Multifamily Office Southeast

Bayview PACE Provides $200M C-PACE Financing for Mixed-Use Tower in Downtown Miami

by John Nelson January 8, 2026

MIAMI — Bayview PACE, a division of Bayview Commercial Mortgage Finance, has provided $200 million in C-PACE financing for Okan Tower, a 72-story mixed-use tower underway at 555. N. Miami Ave. in downtown Miami. The borrower, Okan Group, and its construction affiliate Okan Construction recently reached the 40th floor of the tower’s build-out. The tower will rise 903 feet upon completion in 2028, making it the second tallest building in Florida. The C-PACE financing completes the capital stack for the new skyscraper, according to Bayview PACE. Other capital sources were not released. Designed by Behar Font & Partners, Okan Tower will feature four levels of offices totaling 56,000 square feet; an onsite parking garage totaling 429 spaces; a five-star, Hilton-branded hotel totaling 316 rooms; 236 condo-hotel units managed by Hilton; and Sky Residences, 163 for-sale condominiums that will occupy the tower’s uppermost floors.

January 8, 2026

Development Loans New York Northeast

Partnership Receives $126M in Financing for Buffalo Affordable Housing Property

by Taylor Williams January 8, 2026

BUFFALO, N.Y. — A partnership between Brookyln-based BFC Partners and local redevelopment organization Buffalo’s Black Billion/St. John Fruit Belt CDC has received $126 million in financing for the revitalization of Towne Garden Apartments. The 360-unit affordable housing property is located in Buffalo’s historic East Side district. The financing includes a $38.7 million subsidy from New York State Homes and Community Renewal (HCR) and a state Low-Income Housing Tax Credit allocation from HCR that will generate $15 million in equity, as well as state and federal historic tax credits. The rehabilitation will bring modern finishes, appliances and systems to residential units, as well as upgrade various utility, security and mechanical systems. The project team also plans to enhance the property’s landscaping and parking and add new amenities, including playgrounds, fitness stations, laundry rooms and a walking track.

January 8, 2026

Connecticut Development Hospitality Loans Multifamily Northeast

Knighthead Funding Provides $48M Loan for Acquisition, Conversion of Stamford Hotel

by Taylor Williams January 8, 2026

STAMFORD, CONN. — Knighthead Funding has provided a $48 million loan for the acquisition and partial conversion of the 508-room Marriott Stamford hotel in southern coastal Connecticut. The sponsor, Clearview Hotel Capital, will use a portion of the proceeds to convert one of the hotel’s two towers, which were built in 1975 and 1985, into a residential complex with studio, one- and two-bedroom units. The other tower will be renovated and relaunched as a modernized hotel. Tyler Dumon, Christopher Kramer, Daniel Fromm, Ricky Braha, Jordan Roeschlaub and Nick Scribani of Newmark arranged the debt.

January 8, 2026

Development Midwest Missouri Office

HDA Completes 39,000 SF Office Renovation for KCI Construction in Metro St. Louis

by Kristin Harlow January 8, 2026

CREVE COEUR, MO. — HDA has completed a 39,000-square-foot office renovation for KCI Construction in Creve Coeur in partnership with ODA Studio. The project transformed an existing building through a comprehensive tenant infill and enhanced both interior and exterior elements of the building. The new headquarters includes amenities such as multiple conference and meeting rooms, focus rooms, a café, dedicated training room and onsite gym.

January 8, 2026

Development Industrial Texas

Constellation to Develop 282,272 SF Spec Industrial Project in South Houston

by Taylor Williams January 7, 2026

HOUSTON — Constellation Real Estate Partners will develop Constellation Cullen, a 282,272-square-foot speculative industrial project in South Houston. The development will feature 36-foot clear heights, 130-foot truck court depths and parking for 222 cars and 53 trailers. Constellation is partnering with a fund advised by Crow Holdings Capital on the project, construction of which is slated to begin in the coming weeks and to be complete in the fourth quarter. CBRE has been tapped as the leasing agent.

January 7, 2026

Development Multifamily New York Northeast

Brookstone Begins Leasing 174-Unit Apartment Complex in Brooklyn

by Taylor Williams January 7, 2026

NEW YORK CITY — Brookstone Developers has begun leasing One Nine Rockwell, a 174-unit apartment complex in Brooklyn’s Fort Greene neighborhood. Designed by Daniel Goldner Architects, One Nine Rockwell offers studio, one- and two-bedroom units and amenities such as a library, coworking lounge, fitness center, sky lounge and outdoor grilling and dining stations. About 30 percent (53) of the units are reserved as affordable housing. MNS Real Estate is leasing the property. Rents start at $3,300 per month for a market-rate studio apartment.

January 7, 2026

Development Florida Loans Multifamily Southeast

Berkadia Secures $84M Construction Bridge Loan for Fort Lauderdale Apartment Development

by John Nelson January 7, 2026

FORT LAUDERDALE, FLA. — Berkadia has secured an $84 million construction bridge loan for the completion of Astor Park Flagler Village, a 252-unit luxury apartment community located at 333 N.E. 6th St. in Fort Lauderdale. Mitch Sinberg, Scott Wadler, Matt Robbins, Brad Williamson and Patrick Johnson of Berkadia arranged the loan through BridgeInvest on behalf of the developer, Midtown Capital Partners. The borrower will use the floating-rate loan to refinance the property’s existing construction financing and fund remaining completion costs for Astor Park Flagler Village, which topped out in October and is expected to deliver this summer. The 12-story development will offer floorplans ranging in size from 594-square-foot studios to 1,735-square-foot penthouses. Amenities will include a resort-style rooftop pool, bar and resident lounge, dog park, coworking space, 2,389 square feet of retail space on the ground level and a structured parking podium with 318 garage parking spaces.

January 7, 2026

Development Industrial Southeast Tennessee

Constellation Breaks Ground on 352,620 SF Industrial Project in Goodlettsville, Tennessee

by John Nelson January 7, 2026

GOODLETTSVILLE, TENN. — Constellation Real Estate Partners has purchased 39 acres at 2186 and 2220 Ted Dorris Road in Goodlettsville, about 14 miles north of Nashville via I-65. The Dallas-based developer recently broke ground on a two-building, 352,620-square-foot speculative industrial project on the site dubbed Constellation Goodlettsville 65. Constellation plans to deliver the properties by the end of the year. Jim Rodrigues and Chanley Ritter of Lee & Associates are leading the leasing efforts for the property, which will feature 32- and 36-foot clear heights, 300 car parking spaces, a 1.7-acre fenced and paved trailer storage yard that can accommodate 71 trailers and immediate access to the I-65/Bethel Road interchange.

January 7, 2026

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