DENTON, TEXAS — Hillwood, a Perot company and the owner of the 27,000-acre AllianceTexas master-planned community in North Fort Worth, has provided updates on Landmark, the company’s $10 billion mixed-use development in the North Texas city of Denton. Announced last summer, Landmark is a 3,200-acre development at the corner of I-35 and Robson Ranch Road — land that the Perot family has owned since 1987. At full build-out, Landmark will feature 6,000 single-family homes and 3,000 apartments. The development will also include 900 acres of commercial space that will be anchored by Denton’s first H-E-B grocery store. The first 120 acres are actively being leased for retail, dining and entertainment uses. The first phase of development will feature 747 single-family lots that will house a variety of home styles and will be constructed by an array of builders. The grocery store and 600 apartments will also be built as part of the initial phase, and the grocery-anchored retail component of the development is expected to open in 2027. In addition, roughly 1,100 acres of the development will be preserved as parkland, making it one of the largest natural preserves in Texas, according to Hillwood.
DALLAS — Creation, a developer with offices in Dallas and Phoenix, and PGIM Real Estate have begun construction on 635 Exchange, a three-building, 600,000-square-foot industrial project in North Dallas. The 36-acre site at the intersection of interstates 35E and 635 formerly housed a City of Dallas landfill, and the new buildings will feature 32- to 36-foot clear heights. LGE Design Build is handling the architectural and general contracting aspects of the project. Stream Realty Partners has been tapped as the leasing agent. Completion is slated for late 2026.
FORT WORTH, TEXAS — HPI Real Estate Services & Investments has broken ground on a 396-unit multifamily project in northwest Fort Worth. The project represents Phase I of a larger development that will ultimately consist of 829 units on a 55-acre site at the southeast corner of Bonds Ranch and Blue Mound roads. Units will come in one-, two- and three-bedroom floor plans. Arch-Con Corp. is designing the project, and Blackland Partners is serving as the general contractor. The first units are expected to be available for occupancy in early 2027.
ROCKVILLE CENTRE, N.Y. — Florida-based development and investment firm Basis Industrial has received a $27 million construction loan for a self-storage project that will be located in the Long Island community of Rockville Centre. Public Storage will operate the facility, which will comprise 121,500 gross square feet of space across 957 units. NexBank is the senior lender on the project, and NexPoint is the mezzanine lender. Construction is underway and is expected to be complete in early 2027.
PHOENIX — EMBREY has closed on the land and financing for 12th & Greenway, a Class A apartment property located near North 12th Street and Greenway Parkway in Phoenix. Construction will begin immediately, with first occupancy slated for third-quarter 2027. Situated on 7 acres, the four-story, wrap-style community will feature 340 apartments, including townhomes. Units will feature open-concept layouts with 9- to 10-foot ceilings, wood-style plank flooring, quartz countertops and stainless steel appliances. Additional features will include built-in desks, keyless entry and double vanities in select units. Onsite amenities will include a heated pool and hot tub with private cabanas, an outdoor kitchen and fireplace, fitness and yoga studios, a game room, conference and micro-office spaces and a secured 24-hour package room. Outdoor features will include several courtyards, a walking trail, dog park and shaded community spaces. Frost Bank, with support from private investors, provided financing for 12th & Greenway. EMBREY’s Garrett Karam and Jimmy McCloskey led the execution of the transaction.
TUCSON, ARIZ. — Lincoln Property Co. has completed I-10 International Phase I, the company’s first-ever ground-up industrial development in Tucson. Valued at $80 million, I-10 International Phase I sits on 79 acres at the southeast corner of Alvernon Way and Los Reales Road, two miles from an interchange at I-10 and Valencia Road, within the Tucson International Airport submarket. Totaling 373,811 square feet, the property includes the 158,944-square-foot Building B and the 214,867-square-foot Building C. A fully designed, 188,434-square-foot Building A and a 476,000-square-foot Building D will be developed in line with market demand, bringing the asset to more than 1 million square feet of Class A industrial space. Buildings at I-10 International Phase I are state-of-the-art cold capable with 32-foot clear heights, 14-foot glass entrances, full concrete truck courts, generous clerestory windows and an R-38 insulated roof deck system. The project team includes Brinkmann Constructors as general contractor and Butler Design Group and Ware Malcomb as the collaborative design team. Jesse Blum of Cushman & Wakefield | PICOR is handling leasing for the project.
WESTFIELD, IND. — Skender has broken ground on the new $35 million headquarters for Westfield Police Department on an 11.7-acre site along Grand Park Boulevard. The project team includes Garmong as developer, Dewberry as architect and Veridus Group as the owner’s representative. The city’s Informatics Department will also be housed in the building. The project plan includes an optional 30,000-square-foot addition that can be added in the next 15 to 20 years. Completion is slated for 2027.
Vulcan Elements Signs Full-Building Industrial Lease at CrossPoint Logistics Center in Metro Raleigh
BENSON, N.C. — Vulcan Elements, a rare earth magnet manufacturer, has signed a full-building lease at CrossPoint Logistics Center, a speculative industrial facility in the south Raleigh suburb of Benson. The developer, Edgewater Ventures, broke ground on the facility in 2022. Vulcan Elements plans to expand the current 501,215-square-foot facility to more than 1 million square feet and create 1,000 new jobs. CrossPoint Logistics Center is the largest speculative industrial facility ever constructed within the Raleigh-Durham MSA, according to Edgewater Ventures. Ed Brown of NAI Tri Properties and Anna Lea Stroud of A. Stroud & Co. represented Vulcan Elements in the lease transaction. Al Williams, Matthew Greer, Lee Allen and Diane Jones of JLL represented Edgewater Ventures.
LONG BEACH, CALIF. — Multifamily developer JPI has received construction financing from Tokyo Tatemono US Ltd. and BMO Bank for Portico, a $150 million apartment project in Long Beach, a coastal city situated about 25 miles south of Los Angeles. Located at 450 The Promenade N, Portico marks the first phase of the Mosaic redevelopment project, formerly known as City Place Long Beach. Slated for delivery in 2028, Portico will feature 272 multifamily units, including studio, one-, two- and three-bedroom apartments — 16 of which will be designated as affordable housing. The development will also include 18,841 square feet of ground-floor retail space, offering direct access to the pedestrian promenade. Community amenities will include a speakeasy, rooftop deck, sports simulator, sauna and pool deck overlooking the Mosaic shopping center. Public art murals will adorn the building’s brick façade. “This project represents a key step forward in reimagining downtown Long Beach,” says Mollie Fadule, chief financial and investment officer at JPI. “With the support of Tokyo Tatemono US Ltd. and BMO Bank, we are not just building homes; we are creating a destination that blends housing, retail and culture into a thriving urban experience.” The broader 14-acre Mosaic redevelopment, led by Turnbridge …
SEGUIN, TEXAS — Ranch Hand will open a 400,000-square-foot manufacturing and distribution facility at TriPoint Logistics Center, a 120-acre development in Seguin, a northeastern suburb of San Antonio. The provider of automotive accessories has entered into a build-to-suit agreement with the developer, a partnership between Atlanta-based Ackerman & Co. and Baltisse US Inc. Ranch Hand plans to consolidate two regional facilities into the new distribution hub. The building will feature 36-foot clear heights and is expected to be complete in late 2026. Tom Walrich of Lee & Associates represented Ranch Hand in the lease negotiations. John Colglazier, Kyle Kennan and Gray Gilbert of Partners Real Estate represented ownership.
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