TULSA, OKLA. — Park Aerospace Corp. (NYSE: PKE) will open a $65 million manufacturing facility in Tulsa, a project that is expected to add about 100 new jobs to the local economy. The square footage was not disclosed. The site spans 18 acres on the north side of Tulsa International Airport, and the facility will be used to manufacture advanced composite materials for the defense and aerospace sectors. Construction is expected to begin in the coming weeks and to be complete in 2028.
AUSTIN, TEXAS — Endeavor Real Estate Group has broken ground on 5th & Walsh, a 198,000-square-foot office and retail project near downtown Austin. Designed by Studio8 Architects and Lake Flato Architects, the building will consist of four floors of office space, 25,000 square feet of which Endeavor plans to occupy for its new headquarters, and 21,000 square feet of retail and restaurant space on the ground floor. Shell construction is expected to be complete in late 2028.
DES PLAINES, ILL. — Seefried Industrial Properties has completed demolition and is underway on a three-building, 520,000-square-foot industrial development in Des Plaines. The project is a redevelopment of approximately 35 acres at the Northeast corner of Algonquin and Mount Prospect roads in the O’Hare submarket. It will transform three functionally obsolete office buildings into a modern industrial park. The three buildings, totaling 106,000, 152,000 and 260,000 square feet, are being built on a speculative basis. Premier Design + Build Group is the general contractor, SPACECO is the civil engineer and Harris Architects is the architect. Jason Lev, Jimmy Kowalczyk and John Suerth of CBRE are marketing the property for lease. Completion is slated for the second quarter of 2027.
HOBOKEN, N.J. — Locally based developer Advance Realty Investors has completed Willow House, a 52-unit apartment building in Hoboken. Designed by locally based MVMK Architects and Living Systems, the eight-story building houses studio, one-, two- and three-bedroom units in addition to 6,000 square feet of retail space. Amenities include a lobby lounge, fitness center, coworking space, package room and a rooftop deck. Leasing began in mid-June, at which point rents started in the mid-$4000s per month for a studio apartment. Construction began in winter 2024.
OVIEDO, FLA. — CrossMarc Capital LP has acquired The Food Factory at Oviedo on the Park, a 14,000-square-foot, open-air dining and entertainment venue in the northeast Orlando suburb of Oviedo, for $8.3 million. The acquisition includes the Food Factory building, as well as an adjacent parcel where CrossMarc plans to develop a 3,894-square-foot, multi-tenant retail building. Construction is expected to begin in November. Approximately 1,200 square feet has already been preleased to Kilwins, an American confectionary franchise. Winter Park, Fla.-based Michael Collard Properties sourced the off-market transaction.
NASHVILLE, TENN. — Brennan Investment Group has broken ground on a 210,000-square-foot speculative industrial facility in the historic Whites Creek neighborhood of Nashville. The building is expected to be completed in the second quarter of 2027. Situated on 17 acres, the rear-load building will feature 260-foot depths, ample trailer and car parking spaces, 32-foot clear heights, an ESFR sprinkler system, concrete tilt-wall construction and the ability to accommodate up to five tenants.
OKLAHOMA CITY — Gardner Tanenbaum Holdings has completed a $60 million adaptive reuse project in downtown Oklahoma City. The project converted two historic buildings —the Tradesmen National Bank building at 101 N. Broadway and the Medical Arts building at 100 Park Ave., both of which were constructed in the early 1920s — into a 265-unit apartment complex known as The Harlow. The property offers studio, one- and two-bedroom units and also includes 4,300 square feet of retail space. Amenities include a game room, fitness center, movie theater, bowling alley and coworking space. Rents start at roughly $1,100 per month for a studio apartment.
MIDLOTHIAN, TEXAS — St. Louis-based developer Sansone Group has delivered Palmer Logistics, a 269,700-square-foot industrial project located in the southern Dallas suburb of Midlothian. The facility, which is situated on a 26.5-acre site, is a build-to-suit for Houston-based chemicals manufacturer Palmer International and will be used for hazardous materials storage and distribution. ARCO/Murray served as the general contractor for the project, construction of which began in August 2025.
SANTA CRUZ, CALIF. — MidPen Housing has completed and opened Jessie Street Terrace, an affordable housing redevelopment in Santa Cruz. Formerly a 14-room hotel, Jessie Street is now comprised of 50 studio and one-bedroom permanent supportive housing units reserved for tenants earning between 20 and 50 percent of the area median income. About half of the apartments are reserved for veterans, while others are set aside for people who have previously experienced homelessness. MidPen Property Management manages the asset. Through partnerships with Palo Alto Veterans Affairs and the County of Santa Cruz Health Services Agency, residents have access to on-site services, programs and case management. The architect was The Paul Davis Partnership, and the builder was Devcon Construction.
CARMEL, IND. AND MIAMI BEACH, FLA.— Starwood Capital Group and Trinitas Ventures have formed a joint venture to develop three student housing communities totaling 2,046 beds. Projects include Atmosphere Pittsburgh, a 672-bed development located at 217 Halket St. near Carnegie Mellon University in the city’s Oakland neighborhood; Atmosphere Norman, a 677-bed project located at 310 East Boyd St. near the University of Oklahoma in Norman; and Atmosphere on Mifflin, a 697-bed development located at 619 West Mifflin St. near the University of Wisconsin-Madison campus. All three communities are scheduled for completion in summer 2028. Ryan Lang led Newmark’s student housing team in arranging the joint venture. Trinitas Ventures is headquartered in Carmel, and Starwood Capital Group is headquartered in Miami Beach.
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