Development

Triten Real Estate Delivers 400,000 SF Distribution Center in Humble, Texas

by Taylor Williams June 23, 2026

HUMBLE, TEXAS — Local developer Triten Real Estate Partners has delivered a roughly 400,000-square-foot distribution center in the northern Houston suburb of Humble. Known as Kenswick at 1960, the property consists of two buildings that feature 36-foot clear heights, approximately 9,000 square feet of office space and “ample” trailer and car parking. The site also includes more than five acres of outdoor storage space. Method Architecture designed the project, and Harvey Cleary served as the general contractor. Grey Wolf acted as civil engineer. CBRE is the leasing agent.

June 23, 2026

Development Office Retail Texas

NewForm Real Estate Completes 50,738 SF Adaptive Reuse Project Near Downtown Houston

by Taylor Williams June 23, 2026

HOUSTON — Local developer NewForm Real Estate has completed a 50,738-square-foot adaptive reuse project near downtown Houston. The project converted the historic, six-story Commercial National Bank Building at 917 Franklin St., which was originally constructed in 1904, into a modern office facility with 3,390 square feet of retail/restaurant space. The restoration involved exterior façade work, window repairs, masonry cleaning and upgraded lighting. Stream Realty Partners is leasing the office space, and Rebel Retail Advisors is leasing the retail/restaurant space.

June 23, 2026

Development Retail Texas

Spring Valley Construction Breaks Ground on 17,400 SF Retail Project in Flower Mound, Texas

by Taylor Williams June 23, 2026

FLOWER MOUND, TEXAS — Spring Valley Construction Co. has broken ground on a 17,400-square-foot retail project in Flower Mound, located in the northern-central part of the metroplex. The project represents Phase I of the 40,000-square-foot retail component of Silveron Park, a mixed-use project that will also feature 525,000 square feet of office space and 200 apartments. Weitzman is managing the development and leasing of Silveron Park’s retail space. Thompson Realty Capital is handling the residential and office components.

June 23, 2026

Development Georgia Industrial Southeast

Burlington Debuts 2 MSF Distribution Center in Ellabell, Georgia

by John Nelson June 23, 2026

ELLABELL, GA. — National retailer Burlington Stores Inc. has opened a new 2 million-square-foot distribution center in Ellabell, about 27 miles west of Savannah in Bryan County. The facility, the first distribution center in Georgia for Burlington, is expected to generate 1,500 new jobs at full capacity. In addition to climate-controlled, automated distribution space, the property will offer 40,000 square feet of office space with a full-service cafeteria, fitness center, locker room with showers, meditation room, maternity room and meeting rooms. The retailer also recently broke ground on another nearly 2 million-square-foot distribution center earlier this year in Buckeye, Ariz., a suburb of Phoenix. The new distribution centers will support the retailer’s growing network of discount apparel stores. Burlington expects to open approximately 115 net new stores nationwide by the end of fiscal 2026, which ends Jan. 30, 2027. All new stores feature Burlington’s reimagined store layout.

June 23, 2026

Development Mixed-Use Southeast Tennessee

Partnership to Launch $280M Mixed-Use Entertainment District Surrounding Neyland Stadium in Knoxville

by John Nelson June 23, 2026

KNOXVILLE, TENN. — A public-private partnership between the University of Tennessee and a newly formed development platform comprising Arctos, RVX Ventures and Magellan Development Group will soon begin the development of Neyland Entertainment District, a $280 million mixed-use village surrounding Neyland Stadium, the home football arena of the University of Tennessee. The waterfront development in Knoxville will feature approximately 100,000 square feet of entertainment space alongside a 24-story hotel and residences, along with a private members club. Arctos is the majority equity investor in the project and is participating as a general partner alongside a sponsor team led by RVX, Magellan and Dixon Greenwood. The construction timeline was not disclosed, but Knoxville News Sentinel reports that construction is expected to begin this summer and include the overhaul of the G10 parking garage, which is a hub of parking and tailgating on game days. The media outlet also reported that the University of Tennessee System Board of Trustees approved a 99-year lease for the development in early May.

June 23, 2026

Development Loans Multifamily New Jersey Northeast Walker & Dunlop

Nasser Freres Receives $375M Construction Loan for Jersey City Apartment Tower

by Taylor Williams June 23, 2026

NEW YORK CITY — Developer Nasser Freres has received a $375 million construction loan for JFK Boulevard, an 840-unit apartment tower that will be located in the Journal Square area of Jersey City. The building will offer studio, one-, two- and three-bedroom units, 10 percent of which will be designated as affordable housing. Amenities will include a spa, fitness center, multi-sport court, coworking and library lounges, game and screening rooms, an outdoor pool with sun decks, dog run, pet spa and a rooftop lounge. In addition, JFK Boulevard will feature 50,000 square feet of retail space that will be anchored by an organic grocer. Keith Kurland, Aaron Appel, Adam Schwartz, Jonathan Schwartz, Dustin Stolly, Sean Reimer, Jordan Casella, Christopher de Raet and Jack Krentzman of Walker & Dunlop arranged the floating-rate, interest-only loan through Madison Realty Capital. Completion is slated for early 2029.

June 23, 2026

Acquisitions Development New York Northeast

Marcus & Millichap Brokers $9.4M Sale of Commercial Development Site in Queens

by Taylor Williams June 23, 2026

NEW YORK CITY — Marcus & Millichap has brokered the $9.4 million sale of a commercial development site in Queens. The site at 28-04 41st Ave. is located in the borough’s Long Island City neighborhood and can support 25,000 to 30,000 buildable square feet of residential, commercial or mixed-use development. Sean Fopeano, Shaun Riney, Joe Koicim and David Cornejo of Marcus & Millichap represented the seller, an undisclosed private family, in the transaction and procured the buyer, Jade Century Properties.

June 23, 2026

Development Hawaii Hospitality Loans Top Stories Western

X-Caliber Provides $431M in Financing for Redevelopment of Coco Palms Resort in Hawaii

by John Nelson June 23, 2026

KAUAI, HAWAII — X-Caliber Capital Holdings, a commercial real estate finance firm based in Irvington, N.Y., has provided a financing package totaling $431 million for the redevelopment of Coco Palms, a 32-acre resort destination on the Hawaiian island of Kauai. The property was famously the filming location of “Blue Hawaii,” a 1961 movie starring Elvis Presley, and is listed on the National Register of Historic Places. “Coco Palms holds a unique place in Kauai’s history, and its restoration is an exciting development for the island and its residents,” says Chris Callahan, president and CEO of X-Caliber. The financing includes $185.6 million of conventional financing via an affiliate of X-Caliber, X-Caliber Rural Capital, and $245.4 million of C-PACE financing through CastleGreen Finance, another X-Caliber affiliate. Together, the loans will provide 80 percent of the estimated redevelopment cost and are priced at an “attractive,” blended interest rate. Gabe Mashaal of X-Caliber Rural Capital originated the conventional loan on behalf of the developer, Utah-based Reef Capital Partners. New York City-based Highgate will operate Coco Palms upon completion of the redevelopment, which is planned for 2028. The conventional funds are intended to provide construction-through-stabilization financing for up to five years. The C-PACE funds are …

June 23, 2026

Development Industrial Retail Texas

M2G Ventures Completes Redevelopment of 740,000 SF Industrial, Retail Property in Northwest Dallas

by Taylor Williams June 22, 2026

DALLAS — Locally based investment firm M2G Ventures has completed the redevelopment of the former Inwood Design District in northwest Dallas. The project converted a 14-building campus into a 740,000-square-foot industrial and retail property that also includes showroom space. The showroom and light industrial components are known as the Inwood Design District, and the retail and restaurant components are known as Ace on Inwood. The company purchased the 38-acre site at 1110 Inwood Road in early 2025, at which time the property was home to tenants such as Crate & Barrel, White Glove Storage & Delivery, Community Coffee, Neiman Marcus and Granimport USA.

June 22, 2026

Development Retail Texas

H-E-B Opens 126,000 SF Grocery Store in Euless, Texas

by Taylor Williams June 22, 2026

EULESS, TEXAS — H-E-B has opened a 126,000-square-foot store in Euless, located in the northern-central part of the metroplex. Located at 2105 Rio Grande Blvd. and known as Mid-Cities H-E-B, the store is the 12th to be opened by the San Antonio-based grocer in the metroplex since 2022. H-E-B has also opened three Joe V’s Smart Shop stores in the area during that time, and this store’s debut also includes the opening of H-E-B’s 50th True Texas barbeque restaurant.

June 22, 2026

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