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Development

4301-Vermont-Ave-Los-Angeles-CA
Affordable HousingCaliforniaDevelopmentLoansMultifamilyWestern

Walker & Dunlop Secures $34.8M Construction Loan for Affordable Housing Project in Los Angeles

by Amy Works

LOS ANGELES — Walker & Dunlop has arranged $34.8 million in construction financing for 4301 Vermont, an affordable housing development in Los Angeles. Chris Montes of Walker & Dunlop secured the loan on behalf of the client, SoLa, and identified the lender as ACORE Capital. The five-story multifamily complex will offer 188 affordable residences at 4301 Vermont Ave. Approximately 80 percent of the units will be designated for low-income residents, while 20 percent will be reserved for moderate-income residents. The project will feature prefabricated modular units supplied by Model Z, a subsidiary of SoLa Impact.

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5770-Industrial-Pkwy-San-Bernardino-CA
CaliforniaDevelopmentIndustrialWestern

Dedeaux Properties Delivers 850,000 SF of Logistics Space Across Southern California

by Amy Works

LOS ANGELES — Dedeaux Properties has received certificates of occupancy on five recently completed industrial developments totaling approximately 850,000 square feet in Southern California. The projects include a 167,000-square-foot warehouse in Ontario, a 326,000-square-foot warehouse in Riverside, a 165,000-square-foot high-velocity distribution center in Fontana, a 53,000-square-foot cross-dock facility in Perris, a 52,000-square-foot cross-dock property in San Bernardino and an 83,000-square-foot distribution facility in Rialto.

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701-E-Ball-Rd-Anaheim-CA
CaliforniaDevelopmentIndustrialWestern

Voit Real Estate, Hines Break Ground on 139,535 SF Industrial Development in Anaheim, California

by Amy Works

ANAHEIM, CALIF. — Voit Real Estate Services, in partnership with Hines as the owner, has broken ground on an industrial project located at 701 E. Ball Road in Anaheim. Situated on 7 acres, the 139,535-square-foot Class A industrial property is slated for completion in November. Seth Davenport, Adam Hill, Mitch Zehner and Michael Zehner of Voit Real Estate Services are handling marking, sale and leasing efforts for the project.

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DevelopmentMidwestMissouriRetail

Holland, HDA Complete Exterior Renovation of 70,000 SF Lexus Dealership in Metro St. Louis

by Kristin Harlow

MANCHESTER, MO. — Holland Construction Services and architect HDA have completed an exterior renovation of Mungenast Lexus of St. Louis, a 70,000-square-foot auto dealership in the western St. Louis suburb of Manchester. The project included metal cladding, dark column accents and a new entryway with a prominent Lexus logo. The building features a two-story showroom, 32 service bays, a café and car wash/detail area. HDA originally designed the facility in 2009 as the first LEED Silver-certified Lexus auto dealership in the country.

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ArizonaDevelopmentIndustrialLife SciencesTop StoriesWestern

Semiconductor Manufacturer TSMC to Invest $100B in US, Including Development of Six New Facilities

by John Nelson

HSINCHU, TAIWAN —TSMC (NYSE: TSM), a Taiwanese manufacturer of semiconductors, has announced plans to invest at least $100 billion in the United States, which would bring the company’s total investment in its U.S. manufacturing base to $165 billion. As part of the new round of investment, TSMC plans to develop three more fabs (i.e. manufacturing plants), two advanced packaging facilities and a major research-and-development (R&D) center in Arizona. Once fully realized, the project will be solidified as the “largest single foreign direct investment in U.S. history,” according to TSMC. The construction timeline was not disclosed, but U.S. President Donald Trump and TSMC CEO C.C. Wei announced the investment at a press conference on Monday, with Trump saying the investment will be made “over the next short period of time.” TSMC’s expanded investment is expected to support 40,000 construction jobs over the next four years and create tens of thousands of high-tech jobs in advanced chip manufacturing and R&D, which Trump said would range between 20,000 and 25,000 jobs. Yahoo! Finance reported that Intel is currently the only computer chip manufacturer with a dedicated R&D center in the United States. TSMC is currently building out its 1,100-acre campus in north Phoenix, …

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300-Freeport-Coppell
DevelopmentIndustrialTexas

Alliance Industrial Breaks Ground on 186,291 SF Distribution Center in Coppell, Texas

by Taylor Williams

COPPELL, TEXAS — Houston-based developer Alliance Industrial has broken ground on 300 Freeport, a 186,291-square-foot distribution center in Coppell, located in the northern-central part of the metroplex. The site spans 13 acres, and the development will feature a rear-load configuration, 32-foot clear heights and 233 trailer parking stalls. Project partners include Seeberger Architecture, Langan Engineering, Alliance Industrial Builders and Stream Realty Partners. Completion of 300 Freeport is slated for the first quarter of 2026.

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Affordable HousingDevelopmentMultifamilyTexas

Partnership Completes 76-Unit Affordable Housing Project in San Antonio

by Taylor Williams

SAN ANTONIO — A partnership between OCI Development, Atlantic Pacific Cos. and Opportunity Home San Antonio has completed Vista at Silver Oaks, a 76-unit affordable housing project on the city’s north side. Residences come in two- and three-bedroom layouts and are entirely reserved for renters earning 60 percent or less of the area median income. In addition to business and fitness centers, residents have access to services such as monthly social events, tax preparation classes, health and wellness programming and afterschool care. Construction began in August 2023.

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2901-Nimitz-Blvd-San-Diego-CA
AcquisitionsCaliforniaDevelopmentHospitalityMultifamilyStudent HousingWestern

Ambient Communities Buys 110-Room Vacant Hotel in San Diego, Plans Multifamily Conversion

by Amy Works

SAN DIEGO — Ambient Communities has purchased Consulate Hotel, a shuttered hotel located at 2901 Nimitz Blvd. in San Diego’s Point Loma neighborhood, from Noble Legacy LLC for $17.4 million. Al Apuzzo, Matt Weaver, Alex Bentley and Brianna Lehman of Lee & Associates represented the seller, while Rick Wu and Austin Dias of Duhs Commercial represented the buyer in the transaction. The buyer plans to convert the property, which includes a bar (ABC 47), restaurant and amenity space, into market-rate and student housing apartments. The 63,234-square-foot building, situated on 0.9 acres, was originally built in 1971. The transaction closed with entitlements in place for the proposed redevelopment.

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Superblock-Denver-CO
ColoradoDevelopmentIndustrialWestern

Evergreen Devco Breaks Ground on Superblock Spec Industrial Project in Denver

by Amy Works

DENVER — Evergreen Devco has broken ground on Superblock, a two-building industrial project located at 4439 N. Telluride St. and 17688 E. 45th Ave. in Denver’s Airport submarket. The speculative development is slated for completion in first-quarter 2026. Situated on 16.5 acres, Superblock will feature a 154,702-square-foot building and a 124,672-square-foot building, designed for flexibility to accommodate a variety of tenants from distribution to manufacturing operations. Additionally, Superblock will offer 39 trailer parking stalls. The site offers connectivity with direct access to Peña Boulevard, Interstate 70 and E-470, as well as immediate proximity to Denver International Airport. Keiffer Garton, Tyler Carner and Jeremy Ballenger of CBRE are handling leasing for the properties.

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DevelopmentIndustrialMidwestWisconsin

Crow Holdings Breaks Ground on 337,000 SF Air Cargo Facility at Milwaukee Airport

by Kristin Harlow

MILWAUKEE — Crow Holdings has broken ground on a new air cargo facility at the Milwaukee Mitchell International Airport (MKE). The project will transform a significant portion of the former 440th Airlift Wing, now known as the MKE Regional Business Park, into a 337,000-square-foot air cargo facility featuring a dedicated air cargo building, a new Milwaukee County highway maintenance facility to support both county and state transportation needs and enhancements to adjacent taxiways to improve accessibility for wide-body cargo aircraft. The facility will have the capacity to accommodate five B747-400 aircraft at the same time and is expected to generate over $1.3 million in annual aircraft landing fees as well as over $1 million in annual ground lease rents and fees. The former 440th campus was turned over to the airport in 2008. Since that time, the underutilized property has been marketed to developers. Some of the buildings are currently used by the airport while others have been leased to a variety of short-term tenants. According to a news release, the public-private project will create new jobs at the airport and has the potential to attract new passenger airlines and destinations, as well as air cargo services, by lowering the …

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