Development

Banco Inbursa Provides $150M Construction Loan for South Philadelphia Multifamily Project

by Taylor Williams February 26, 2026

PHILADELPHIA — Banco Inbursa has provided a $150 million senior construction loan for a multifamily project that will be located within Wharton Piers, a mixed-use waterfront development in South Philadelphia. The project will consist of a 36-story residential building and a single-story commercial building for a total of 620 market-rate apartments and 30,800 square feet of retail space. The borrower/developer is New York City-based Brevet Capital. Construction is expected to begin in early 2027, with leasing to commence in the fourth quarter of 2028. Full completion is slated for the first quarter of 2029.

February 26, 2026

Development Loans Multifamily New Jersey Northeast

CBRE Arranges $40M Construction Loan for Northern New Jersey Multifamily Project

by Taylor Williams February 26, 2026

MORRISTOWN, N.J. — CBRE has arranged a $40 million construction loan for an 89-unit multifamily project that will be located in the Northern New Jersey community of Morristown. Known as Morristown Station, the development will comprise 76 market-rate apartments and 13 affordable housing units, mostly in two-bedroom floor plans, as well as 5,111 square feet of retail space. Matthew Pizzolato and Josh Stein of CBRE arranged the loan through Truist Bank on behalf of the owner, an entity doing business as Lackawanna Place Morristown Urban Renewal LLC.

February 26, 2026

Development Industrial Texas

Green Point Underway on Phase I of 200-Acre Industrial Project in El Paso

by Taylor Williams February 25, 2026

EL PASO, TEXAS — Dallas-based development and investment firm Green Point Property Co. is underway on construction of Sky Park El Paso, a 200-acre industrial project. Phase I will consist of two buildings: a 443,975-square-foot, cross-dock warehouse/flex building and an adjacent 192,490-square-foot, rear-load building. Project partners include Silverado Interests (equity partner), Stellar Bank (construction lender), Ridgemont Commercial Construction (general contractor) and CBRE (leasing agent). Phase I is expected to be substantially complete before the end of the year.

February 25, 2026

Development Multifamily Texas

Harbert South Bay to Develop 162-Unit Seniors Housing Project in Dallas

by Taylor Williams February 25, 2026

DALLAS — Harbert South Bay will develop The Marianne on Inwood, a 162-unit seniors housing project in Dallas. The site is adjacent to the Highland Park area, and the 294,000-square-foot facility will offer independent living, assisted living and memory care residences. Amenities will include multiple dining venues, indoor and outdoor pools, a gym, hair salon, media lounge and a golf simulator. Project partners include Arcadis (architect), Bozzuto Construction (general contractor) and Momentum Senior Living (operator). Construction will begin in the coming weeks, and completion is scheduled for 2027.

February 25, 2026

Development Georgia Mixed-Use Multifamily Southeast

Rockefeller Unveils Alina Apartments at 1072 West Peachtree in Midtown Atlanta

by John Nelson February 25, 2026

ATLANTA — Rockefeller Group has unveiled plans for Alina, a 357-unit apartment community within the 1072 West Peachtree mixed-use tower in Midtown Atlanta. At 749 feet, the 60-story tower will be the tallest new building to be built in the city in the past three decades, according to Rockefeller. Alina will feature a mix of studio, one-, two- and three-bedroom apartments, as well as penthouse units that feature private parking spaces. Alina’s residents will have access to an acre of indoor and outdoor amenity spaces, including a resort-style pool, pickleball court, dog run on the 20th floor, indoor Yoga and Pilates studio, private training studio and a clubroom with two fireplace lounges, billiards, shuffleboard, an entertaining kitchen, golf simulator and an indoor/outdoor porch lounge. The property will also feature The Pavilion at 1072, which is billed as the largest outdoor deck in Midtown Atlanta. The 1072 West Peachtree tower will also include 224,000 square feet of Class A offices below the apartments and 6,300 square feet of ground-level retail space. Bozzuto will lead leasing efforts for Alina, which is expected to begin in the second quarter. Rockefeller expects to deliver the tower this spring.

February 25, 2026

Acquisitions Development Retail Texas

Partnership Buys 6,000 SF Retail Building in Austin, Plans Redevelopment

by Taylor Williams February 25, 2026

AUSTIN, TEXAS — A partnership between two investment firms, Austin-based Fortum and Denver-based Quannah Partners, has purchased a roughly 6,000-square-foot retail building in Austin with plans to implement a redevelopment. According to LoopNet Inc., the building at 1612 S. Congress Ave., which is located just south of downtown, was originally constructed in 1935. Ownership plans to undertake both an adaptive reuse of the existing structure and an expansion to bring the building’s footprint to roughly 10,700 square feet.

February 25, 2026

Development Mixed-Use Multifamily North Carolina Southeast

Kane Realty Breaks Ground on 332-Unit Tributary Apartments in Raleigh’s North Hills District

by John Nelson February 25, 2026

RALEIGH, N.C. — Kane Realty Corp. has broken on Tributary, a multifamily community located within the North Hills Innovation District (NHID) in Raleigh’s North Hills neighborhood. Set to open in spring 2028, the mid-rise property will include 332 apartments, 6,000 square feet of ground-level retail space, two courtyards, a digital content creation studio, wellness center and new greenway connections. The design-build team includes architect Hickok Cole, general contractor John Moriarty & Associates and civil engineer McAdams. Kane Realty is working with the City of Raleigh for Tributary and future phases of NHID to integrate into the city’s road and greenway infrastructure. Additionally, Kane Realty has acquired 28 acres to expand NHID and recently brought in Los Angeles-based McCourt Partners as a development partner. Future projects within NHID will include a residential high-rise and a mixed-use building next to Tributary, as well as mixed-use development along I-440 and pop-up retail and programming. Hush Salon recently opened below Tower 5 at NHID, and upcoming openings include Benchwarmers Bagels and Standard Beer + Food.

February 25, 2026

Alabama Development Mixed-Use Multifamily Southeast

Essex Capital, Ascend Begin Leasing 545-Unit Residences at Front Row in Huntsville

by John Nelson February 25, 2026

HUNTSVILLE, ALA. — A joint venture between Essex Capital and Ascend Property Group has begun leasing at The Residences at Front Row, a 545-unit multifamily community in downtown Huntsville. Move-ins for the first 190 apartments are targeted for June, according to the development team. The property is the first phase of Front Row, a $220 million mixed-use development that will feature residences, offices and 50,000 square feet of shops and restaurants surrounding a central green space, as well as art installations and outdoor patios. In addition to Essex Capital and Ascend, the development team of The Residences at Front Row includes affiliates of Silverstein Properties, Cantor Fitzgerald and Arctaris Impact Investors. Other project team members include Crunkleton Associates (retail broker), Torti Gallas + Partners and Matheny Goldmon (architects), Vida Design (interior designer), ARCO/Murray (general contractor) and The VOREA Group (construction oversight).

February 25, 2026

Acquisitions California Development Industrial Western

Jensen Infrastructure Buys 100-Acre Site for Build-to-Suit Manufacturing Project in Lancaster, California

by Amy Works February 25, 2026

LANCASTER, CALIF. — Jensen Infrastructure, a provider of construction and engineering solutions since 1968, has acquired a 100-acre site at the northeast corner of 30th Street and Avenue G in Lancaster from Northpoint for $46 million. Jensen has retained Proficiency Capital to develop a 400,000-square-foot regional manufacturing facility on the site. Jensen will use the facility to serve all of Southern California and portions of Nevada. Construction is slated to commence in first-quarter 2026 with completion scheduled for March 2027. Fullmer Construction is serving as general contractor for the development. Hunter McDonald of JLL represented Jensen Infrastructure in the acquisition.

February 25, 2026

Development Midwest Mixed-Use Multifamily Office Ohio

Nationwide Realty Investors to Redevelop 18-Story Office Tower in Columbus into Mixed-Use Destination

by Kristin Harlow February 25, 2026

COLUMBUS, OHIO — Nationwide Realty Investors has unveiled plans to redevelop the 18-story office tower at 280 High, formerly known as Two Nationwide Plaza, in downtown Columbus. In celebration of Nationwide’s 100-year anniversary, the building will be renamed The Centennial on High. Residential plans call for 148 upscale units across 15 floors, including a newly created penthouse level. Each residential floor will feature five balcony-adorned units. Amenities will include a fitness center, lounge, clubroom and a courtyard along High Street positioned 15 feet below plaza level. The project will also preserve and enhance the building’s office component, with approximately 75,000 square feet of dedicated office space. Anchor tenants include Carpenter Lipps LLP and the Ohio Farm Bureau. Nationwide began 100 years ago as the Farm Bureau Mutual Automobile Insurance Co. serving Ohio farmers. The commercial spaces are operational today, and Nationwide Realty Investors anticipates completing the first residences by mid-2027.

February 25, 2026

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