Development

Lincoln, Principal Purchase Land Near Nashville Airport, Plan 167,133 SF Industrial Project

by John Nelson March 11, 2026

NASHVILLE, TENN. — Lincoln Property Co. and Principal Asset Management have purchased a 13.5-acre site at 41 Rachel Road in Nashville. The buyers plan to develop Skybridge 40, a two-building, 167,133-square-foot industrial project at the site, which is located directly across I-40 from Nashville International Airport. Demolition at the site recently concluded and sitework is underway. The co-developers plan to deliver Skybridge 40 by the end of the year or early 2027. The design-build team includes Catamount Constructors (general contractor), Alliance Architects (architect) and Kimley-Horn (civil engineer). Lincoln and Principal have selected John Ward and Abigal Rieck of Cushman & Wakefield to lease the industrial project, which will comprise a 100,597-square-foot building and a 66,536-square-foot building.

March 11, 2026

Development Georgia Restaurant Retail Southeast

Third & Urban Unveils Renovation Plans for Atkins Park Retail Cluster in Atlanta

by John Nelson March 11, 2026

ATLANTA — Locally based Third & Urban has unveiled renovation plans for the Atkins Park Collection, a 61,120-square-foot retail portfolio located in Atlanta’s Virginia-Highland neighborhood. Third & Urban purchased the first phase of the Atkins Park Collection in December 2024, which totals 35,370 square feet along North Highland and St. Charles avenues. The firm acquired the second phase, which includes Neighbors, City Church and infill pieces of the block between Greenwood and St. Charles avenues, in September 2025. In partnership with the Virginia Highland District, Third & Urban is planning more than $3 million in building and streetscape improvements for the retail shops. The firm recently completed improvements to the 842 North Highland building, which included new signage, railings and upgraded light fixtures, as well as a new front stair entry and mural. Future building upgrades for 780 North Highland will include updated facades, the addition of an indoor-outdoor courtyard with several retail suites and new food-and-beverage tenants. Construction will begin in late spring. Shelbi Bodner and Lexi Ritter of Bridger Properties will handle retail leasing for the property.

March 11, 2026

Acquisitions Build-to-Rent Development Single-Family Rental South Carolina Southeast

CAPREIT Acquires 157-Unit Build-to-Rent Development Underway in Woodruff, South Carolina

by John Nelson March 11, 2026

WOODRFUFF, S.C. — CAPREIT has acquired Hart Townes, a 157-unit build-to-rent residential community located at 339 Hart Townes Way in Woodruff, about 21 miles southeast of Greenville, S.C. The seller and sales price were not disclosed. Construction began last year and is scheduled to wrap up before the end of the year. First move-ins to the community are currently underway. Homes at Hart Townes span in size from 1,570 to 1,693 square feet and include wood floors, stainless steel kitchen appliances, granite countertops, attached garages, 2.5 bedrooms and private patios. Common area amenities include a swimming pool and cabana, as well as onsite property management and maintenance.

March 11, 2026

Affordable Housing California Development Multifamily Western

USA Properties Fund Completes 147-Unit Affordable Housing Development in La Mesa, California

by Amy Works March 11, 2026

LA MESA, CALIF. — USA Properties Fund has completed 8181 Allison, an affordable multifamily community in La Mesa’s Downtown Village. Located at 8181 Allison Ave., the five-story development offers 147 one- and two-bedroom units with energy-efficient appliances, ceiling fans, wood-plank flooring and either a balcony or patio. The apartments are designated for households earning 30 percent to 70 percent of the area median income for San Diego County. Community amenities include a community room with a kitchen, fitness center, courtyard with barbecues, a rooftop deck, hot tub, onsite laundry and a dog wash. Additional amenities include a 108-space parking garage with two electric vehicle charging stations, as well as a range of social services for residents, including budget and financial planning to health-related talks from LifeSTEPS. The community was approved for the California Housing Finance Agency (CalHFA)’s Mixed-Income Program. A public-private partnership with the City of La Mesa, CalHFA, WNC Inc. and KeyBank financed the $71.4 million development.

March 11, 2026

Affordable Housing California Development Multifamily Western

Jamboree Opens 32-Unit Larkin Place Affordable Housing Property in Claremont, California

by Amy Works March 11, 2026

CLAREMONT, CALIF. — Jamboree Housing Corp. has opened Larkin Place, an affordable multifamily property in Claremont. Located at 731 Harrison Ave., Larkin Place offers 32 apartments designed to address the critical need for affordable housing for those experiencing chronic homelessness. Residents will have direct access to essential services, including case management, therapy, crisis counseling, peer groups and support coordinators that can connect residents to other resources that will help them rebuild their lives. The four-story Larkin Place features outdoor spaces, including a deck, dog run and barbecue area, along with private offices for supportive services and case management. The community is supported by a 24-hour emergency response team and onsite management staff. Services are provided by Jamboree and Tri-City Mental Health Center. Larkin Place is financed through a mix of public and private entities, including the Los Angeles County Development Authority (LACDA), which provided 32 PBVs sourced from the U.S. Department of Housing and Urban Development and $4.7 million via a permanent loan. Stakeholders of the project include Jamboree, San Gabriel Valley Regional Housing Trust, LACDA, U.S. Bancorp Impact Finance, Century Housing Corp. and Federal Home Loan Bank of San Francisco.

March 11, 2026

Acquisitions Development Illinois Midwest Multifamily

SVN Chicago Commercial Brokers $3.7M Sale of Multifamily Development Site in Hoffman Estates

by Kristin Harlow March 11, 2026

HOFFMAN ESTATES, ILL. — SVN Chicago Commercial has brokered the $3.7 million sale of a 7.2-acre development site at 2350 W. Higgins Road in Hoffman Estates. The property, located adjacent to a 101,769-square-foot shopping center, is slated for the construction of approximately 300 luxury apartment units. Wayne Caplan and Al Lindeman of SVN Chicago Commercial represented the sellers, Dutch-based Depa Holding Co. and its U.S. partner Caruso Development. An entity of Chicago-based Synergy Construction Group was the buyer. Originally zoned for commercial use, the site is the former home of a Kmart store and a Menard’s store. In addition to rezoning to accommodate residential use, the Village of Hoffman Estates also approved a new residential-oriented redevelopment and tax-increment financing (TIF) agreement. The village restructured a previous TIF agreement with the adjacent properties owned by the sellers.

March 11, 2026

Development Industrial Midwest Wisconsin

Allegis Hardware to Build 90,000 SF Warehouse at Slinger Merchant Village in Wisconsin

by Kristin Harlow March 11, 2026

SLINGER, WIS. — Allegis Hardware has received approval to build a 90,000-square-foot production, warehouse and office facility within Slinger Merchant Village, a development by Three Leaf Partners in Slinger, about 35 miles northwest of Milwaukee. Groundbreaking is slated for April. The project will consolidate Allegis Hardware’s production, warehousing and administrative operations into a single facility. The building is permitted under the Planned Unit Development governing Merchant Village, which allows up to 66.9 acres for business and light manufacturing uses. The site plan includes parking along the northwest portion of the parcel and a loading dock area on the southeast side of the building. Founders 3 Commercial Services is the broker for the project.

March 11, 2026

Arkansas Development Hospitality Market Reports Southeast Southeast Market Reports

By Flipping the Script on Value Engineering, AI ‘Saves’ Arkansas Hotel Project

by John Nelson March 11, 2026

How did The Fay hotel in Fayetteville, Ark., save $500,000 mid-construction? How are other apartment, office and mixed-use developments doing the same, across the construction cycle? Developers are increasingly turning to artificial intelligence (AI) to flip the script on the challenge of value engineering that often dumbs-down original design plans. Value engineering is almost a constant in the business: A project is designed and priced during the feasibility and entitlement stage but three, four or five years later when construction starts, prices have jumped while the budget is the same. And prices go up for many reasons, such as materials costs, labor costs or regulatory issues — even for import tariffs, as we’ve seen the past year. But maybe we’re blaming the wrong culprit in giving “value engineering” a negative connotation.Now it’s time for the procurement process to take its turn in preserving value and design. Saving despite tariffsProactive procurement led to a half-million-dollar savings for real estate investor/developer Dwellist at its Fayetteville project. Dwellist is transforming a decades-old motel near the University of Arkansas into The Fay, its first Motelier-branded property, a full adaptive-reuse. Recently, materials ordering was running into cost-overruns that risked putting the overall project over budget. …

March 11, 2026

Development Florida Leasing Activity Office Southeast

Benderson Launches Redevelopment of 300,000 SF Downtown Tampa Office Building

by John Nelson March 10, 2026

TAMPA, FLA. — Benderson Development has begun the transformation of 702 North Franklin Street, a 300,000-square-foot office building in downtown Tampa. The nine-story property was formerly the longtime corporate headquarters building for Tampa Electric (TECO) and Peoples Gas. Benderson has tapped CBRE to lease and market the building’s office space, while Benderson will lease the property’s 20,000 square feet of ground-level retail space. The renovations will include extensive work on the building’s façade, including new signage opportunities for future tenants, as well as interior upgrades.

March 10, 2026

Colorado Development Multifamily Western

Sweet Creek Capital to Develop 70-Unit Rental Townhome Community in Castle Pines, Colorado

by Amy Works March 10, 2026

CASTLE PINES, COLO. — Sweet Creek Capital, a newly launched Denver-based real estate investment and development firm, is developing The Peaks at Canyons, a rental townhome property in Castle Pines. The project is being developed in partnership with Oakwood Homes, with construction financing provided by FirstBank, now part of PNC. Slated for completion in late 2027, the community will feature 40 three-bedroom and 30 four-bedroom residences, each with 3.5 bathrooms and a private attached two-car garage. Ranging from 1,410 square feet to 1,760 square feet, the townhomes will feature modern architecture, quartz countertops, vinyl plank flooring, smart home technology, stainless steel appliances and nine-foot ceilings. Community amenities will include The Exchange Coffee House and The Canyon House Kitchen + Cocktails, two community-focused gathering spots providing dining, social space and year-round programming. The project is located within The Canyons master-planned community at the intersection of Canyonside Boulevard and Canyon Forge Drive.

March 10, 2026

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