Wednesday, October 15, 2025
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Jefferson-Bonnie-Brae-Denton
DevelopmentMultifamilyTexas

JPI Breaks Ground on $132M Workforce Housing Project in Denton, Texas

by Taylor Williams

DENTON, TEXAS — Locally based multifamily developer JPI has broken ground on Jefferson Bonnie Brae, a $132 million workforce housing project that will be located in the North Texas city of Denton. Jefferson Bonnie Brae will consist of five residential buildings and one leasing and amenity building. Of the development’s 461 units, 66 percent will be one-bedroom apartments, 30 percent will be two-bedroom residences and 4 percent will be three-bedroom units. Amenities will include a pool, fitness center, dog park, pickleball court and open green spaces. The first units are expected to be available for occupancy in the third quarter of next year, with full completion slated for 2027.

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The-Shops-at-Chestnut-Hill
DevelopmentMassachusettsNortheastRetail

Simon Begins Redevelopment of Shops at Chestnut Hill in Metro Boston

by Taylor Williams

CHESTNUT HILL, MASS. — Simon Property Group has begun the redevelopment of The Shops at Chestnut Hill, a shopping, dining and entertainment destination located on the western outskirts of Boston. The project will include a full repainting of the center’s interiors, the installation of a new lighting system, as well as fresh artwork and decor throughout the center, and a refreshing of the indoor garden area. Simon will also upgrade the center’s flooring, facades and restrooms. The project is expected to be substantially complete by the end of the year. The Shops at Chestnut Hill is currently home to about 50 retail and restaurant establishments, including the only Bloomingdale’s in Massachusetts.

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DevelopmentFloridaIndustrialSoutheast

Miller Construction Underway on $31M Expansion of Sherwin-Williams Distribution Center in Central Florida

by John Nelson

WINTER HAVEN, FLA. — Miller Construction is underway on the $31 million expansion of the Sherwin-Williams Distribution Service Center in Winter Haven. Using tilt-wall construction, the general contractor is adding 296,705 square feet spread across two large warehouses, a truck maintenance building, trailer maintenance building and offices. The new construction adds 298,151 square feet (including a pergola area), which is an expansion of approximately 79 percent of the existing 384,000 square-foot facility. Additionally, Miller Construction is upgrading 3,386 square feet of existing office space and expanding the existing South Building with a 49-foot clear-height ceiling and 15,120 square feet of new exterior wall, while the North Building is receiving a 28-foot clear-height ceiling and 2,904 square feet of new exterior wall. The project team includes C4 (architects and MEP), Richard Adams Engineers (structural), Structural Services Inc. (slab consultant) and Kimley-Horn (civil engineer).

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DevelopmentFloridaLoansSelf-StorageSoutheast

MMCC Secures $14.5M Construction Financing for Self-Storage Project in Homestead, Florida

by John Nelson

HOMESTEAD, FLA. — Marcus & Millichap Capital Corp. (MMCC) has secured $14.5 million in construction financing for the development of a 1,038-unit self-storage facility at 1995 N.E. 8th St. in Homestead, about 32 miles south of Miami. The 135,800-square-foot property will operate as an Extra Space Storage facility. Robert Bhat of MMCC’s Miami office arranged the five-year loan through a local bank on behalf of the borrower, an undisclosed self-storage developer. The loan features a floating interest rate underwritten as 250 basis points above 1-month SOFR for the first three years with 36 months of interest-only payments.

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Windsor-Commerce-Park-Las-Vegas-NV
DevelopmentIndustrialNevadaWestern

Lincoln Completes 1.6 MSF Windsor Commerce Park in Las Vegas

by Amy Works

LAS VEGAS — Lincoln Property Co. has completed Windsor Commerce Park, the company’s first-ever ground-up industrial development in the Las Vegas market. Situated on 86 acres, the 1.6 million-square-foot Windsor Commerce Park features eight buildings ranging from 49,920 square feet to 397,440 square feet. Buildings offer rear loading and cross-dock configurations, up to 36-foot clear heights, up to 4,000 amps of power, large clerestory windows and move-in-ready speculative office suites. The property is nearly 50 percent leased with tenants including regional, national and global operators specializing in HVAC, logistics and e-commerce. The project team includes Lee & Sakahara as architect and R&O Construction. Kevin Higgins, Garrett Toft, Jake Higgins and Kelsey Higgins of CBRE are handling leasing for the project.

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Whitney-Ranch-Retail-Center-Rocklin-CA
CaliforniaDevelopmentLoansRetailWestern

JLL Secures $27M Construction Loan for Retail Project in Rocklin, California

by Amy Works

ROCKLIN, CALIF. — JLL Capital Markets, on behalf of Blue Coast Capital, has arranged a $27 million construction loan for Whitney Ranch Retail Center, a to-be-built, 52,200-square-foot neighborhood retail center in the Whitney Ranch community of Rocklin. The three-year construction loan was secured with U.S. Bank. Slated for completion in 2026, Whitney Ranch Retail Center will include 35,000 square feet of inline and standalone retail, as well as five ground-leased pad sites totaling 17,200 square feet. The property will be shadow anchored by Nugget Markets, an upscale supermarket chain with 16 locations across Northern California.

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DevelopmentIllinoisMidwestMultifamily

Continental Properties Completes 336-Unit Apartment Development in South Elgin, Illinois

by Kristin Harlow

SOUTH ELGIN, ILL. — Continental Properties has opened Authentix South Elgin, a 336-unit, garden-style apartment community in South Elgin. Located at 1300 N. Lancaster Road, the property features a mix of studio, one-, two- and three-bedroom units. Amenities include a resort-style pool, community clubhouse with a coffee bar, outdoor grill area, 24-hour fitness center, two pet playgrounds and a pet spa. Authentix Apartments, owned and operated by Continental Properties, is a national brand of garden-style communities.

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Affordable HousingDevelopmentMidwestMultifamilyWisconsin

Annex Group Breaks Ground on $25.8M Affordable Housing Community in Milwaukee

by Kristin Harlow

MILWAUKEE — The Annex Group has broken ground on Union at Rose Park, a $25.8 million affordable housing community in Milwaukee. The property will offer 75 one-, two- and three-bedroom units for households earning a range of income levels starting at 30 percent of the area median income to market rate. Nine units will be targeted to veterans. Amenities will include a community room, fitness center and business center. The development will include rooftop solar panels and is designed to meet Enterprise Green Community Standards. Project partners include Ware Malcomb, raSmith, Integrity Structural Corp., Latimer Sommers & Associates, Terracon, Heartland Energy Consultants, Baker Tilly, ACC Management Group and Impact Housing Indiana, an organization dedicated to supporting residents of affordable housing communities within Annex’s portfolio. Impact Housing Indiana will have a dedicated onsite space within Union at Rose Park. Advantage Capital provided more than $9 million in federal equity and just under $3 million in state credit equity for the project. The Wisconsin Housing and Economic Development Authority allocated 4 percent tax credits, approximately $13.5 million in tax-exempt bonds and both a $1 million Vacancy-to-Vitality loan and a $125,000 Infrastructure Access Funding loan. Cedar Rapids Bank & Trust served as construction …

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DevelopmentIndianaIndustrialMidwest

B&B Group to Open 36,000 SF Headquarters in Ingalls, Indiana

by Kristin Harlow

INGALLS, IND. — B&B Group, a Central Indiana property services company, has broken ground on its new headquarters at Park 69 within Ingalls, a northwest suburb of Indianapolis. The facility will serve as the headquarters for Real Time Detention and Real Time Furniture and is situated about a five-minute drive from the companies’ current offices in Noblesville. The relocation is expected to be completed in 2026. Developed by Podell Partners, the combined headquarters will span 36,000 square feet and feature a two-story office and showroom, column-free warehouse space and professional outside storage. B&B Group, Real Time Detention and Real Time Furniture plan to bring more than 25 jobs to Madison County. The project marks the second industrial facility developed by Podell Partners at Park 69, which encompasses 23 acres of master-planned industrial and multi-use space. The project received a 10-year real property tax abatement. Cam Kucic and Korey Ryan of Colliers represented the landlord in the transaction. Steve Schaub of Avison Young represented the tenant. Elements Financial provided construction financing. Systems Builders is serving as the general contractor.

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DevelopmentMixed-UseSoutheastTop StoriesVirginia

Hoffman & Associates, Partners Complete 10-Acre West Falls Mixed-Use Development in Metro D.C.

by John Nelson

FALLS CHURCH, VA. — Hoffman & Associates, alongside a group of development partners that includes Rockwood Capital and Grosvenor Americas, has completed West Falls, a 10-acre mixed-use development in Falls Church. The transit-oriented project sits about 10 miles west of Washington, D.C., and is located near the West Falls Church Metro station. Hoffman & Associates, a local developer that is perhaps best known for leading the development of the $3.6 billion Wharf mixed-use waterfront destination in D.C., partnered with the City of Falls Church and Torti Gallas + Partners (site design and master planning) to bring the project to fruition. “West Falls is designed to bring people together in meaningful ways,” says Maria Thompson, president of Hoffman & Associates. “It’s a neighborhood that reflects the character of Falls Church while also looking toward the future, with sustainable design, open space and close proximity to transit.” West Falls includes 526 multifamily residences between The Alder (400 apartments) and The Oak (126 condominiums); 123,000 square feet of retail space comprising restaurants, shops and The Fresh Market grocery store, which will officially open in 2026; The Commons, an 18,000-square-foot public green space; the 146-room Home2 Suites by Hilton Falls Church hotel; The Reserve at …

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