Development

Mia Rose Holdings Breaks Ground on $57.5M Apartment Complex in Wildwood, Missouri

by Kristin Harlow January 7, 2026

WILDWOOD, MO. — St. Louis-based developer Mia Rose Holdings LLC, in partnership with Ed Kohn and Greenberg Development Co. LLC, has broken ground on Wildwood Luxury Living. The $57.5 million project will include 188 apartment units and roughly 7,000 square feet of commercial and retail space in Wildwood, a western suburb of St. Louis. The four-story building will total 215,000 square feet. Units will come in studios, one-, two- and three-bedroom floor plans, many with private balconies. Amenities will include green spaces, a pool, fire pits, a fitness center, clubhouse and rooftop terrace. The project site is steps away from Wildwood Town Center. Completion is slated for summer 2027.

January 7, 2026

Development Illinois Industrial Midwest Self-Storage

Hernandez Development Opens 625-Unit Self-Storage Facility in Carol Stream, Illinois

by Kristin Harlow January 7, 2026

CAROL STREAM, ILL. — Hernandez Development has opened Carol Stream Self Storage, a 71,510-square-foot self-storage facility with 625 units in suburban Chicago. The three-story building includes 36 drive-up units. CubeSmart will manage the property. G.A. Johnson & Son served as the general contractor.

January 7, 2026

Affordable Housing Development District of Columbia Loans Multifamily Office Southeast Top Stories

Nuveen Green Capital Provides $465M C-PACE Financing for Office-to-Residential Conversion Project in D.C.

by Kristin Harlow January 7, 2026

WASHINGTON, D.C. — Nuveen Green Capital (NGC) has provided $465 million in C-PACE financing for The Geneva, an office-to-residential conversion project in Washington, D.C. The transaction represents the largest Commercial Property Assessed Clean Energy (C-PACE) financing in history as well as D.C.’s largest office-to-residential conversion to date, according to NGC. The borrower, Philadelphia-based developer Post Brothers, also received a $110 million senior loan from investment firm Mavik, bringing total financing to $575 million. The project’s overall price tag is $750 million, according to The Wall Street Journal. Located at 1825-1875 Connecticut Ave. NW, the 604,000-square-foot office property is comprised of two nine-story towers at the confluence of D.C.’s upscale Kalorama, Dupont Circle and Adams Morgan neighborhoods. The property will be converted into a 15-story luxury apartment building with 429 market-rate units, 42 extended-stay rentals, 61 affordable housing units and 57,000 square feet of commercial space. A timeline for construction was not provided. The $465 million in C-PACE financing was administered through DC Green Bank, which serves as the administrator of the DC PACE program on behalf of the District of Columbia. The DC PACE program is a special financing option for renewable energy projects such as solar, energy efficiency upgrades …

January 7, 2026

Development Industrial Texas

Constellation Breaks Ground on 375,602 SF Spec Industrial Project in South Houston

by Taylor Williams January 6, 2026

HOUSTON — Constellation Real Estate Partners has broken ground on a 375,602-square-foot speculative industrial project in South Houston. Constellation Southbelt will be a three-building development that will feature 32-foot clear heights, 412 car parking spaces, 220-foot shared truck court depths and a 75-foot laydown yard for additional outdoor storage and trailer parking. Constellation is partnering with a fund advised by Crow Holdings Capital on the project, completion of which is slated for the fourth quarter. Colliers has been tapped as the leasing agent.

January 6, 2026

Development Industrial Leasing Activity Southeast Virginia

Matan Cos. Signs DPR Construction to 203,000 SF Industrial Lease in Ashland, Virginia

by Abby Cox January 6, 2026

ASHLAND, VA. — Matan Cos. has fully leased the final phase of Northlake II, a four-building, 548,000-square-foot industrial park located along the I-95 corridor in Ashland, a suburb of Richmond. DPR Construction will fully occupy Building D, which totals 203,000 square feet. Completion of Building D is slated for the spring. Gareth Jones, Chris Avellana and Charlie Polk of JLL represented Matan Cos., while Savills and CBRE represented DPR in the lease negotiations. Phase I of Northlake II comprises buildings A, B and C and was delivered and leased in early 2024.

January 6, 2026

130-S.-Fairview-Road-Ridley-Township-Pennsylvania

Development Industrial Northeast Pennsylvania

Greek Real Estate Breaks Ground on 81,156 SF Spec Industrial Project in Metro Philadelphia

by Taylor Williams January 6, 2026

RIDLEY TOWNSHIP, PA. — Regional owner-operator Greek Real Estate Partners has broken ground on an 81,156-square-foot speculative industrial project in Ridley Township, a southwestern suburb of Philadelphia. Provident Bank provided a $12.3 million construction loan for the project, the site of which spans 12 acres at 130 S. Fairview Road. JLL represented the seller in the land deal and arranged the construction debt on behalf of the developer. Construction is slated for a mid-2026 completion.

January 6, 2026

Acquisitions Development Industrial Utah Western

PGIM, Dakota Pacific to Develop 450,000 SF Spec Industrial Project in Salt Lake City

by Amy Works January 6, 2026

SALT LAKE CITY — PGIM and Dakota Pacific Real Estate have formed a joint venture to develop a six-building industrial project on two recently acquired land parcels near Bangerter Highway along California Avenue and 4400 West in Salt Lake City. Construction will immediately commence on the speculative development, totaling nearly 450,000 square feet, including dedicated yard space. The project is designed as modern small- and mid-bay industrial product with initial deliveries slated for early 2027. Big-D Construction is serving as general contractor and managing construction of the project. JPMorgan Chase Bank is financing the development. Kyle Roberts and Ben Richardson of Newmark represented the seller, while Newmark’s Lucas Burbank represented the joint venture in the land acquisition. Burbank and Kelsie Akiyama of Newmark are overseeing leasing efforts for the development.

January 6, 2026

Development Industrial Midwest Retail

Principle Construction Completes 4,000 SF Circle K Fleet Convenience Store in Suburban Chicago

by Kristin Harlow January 6, 2026

WEST DUNDEE, ILL. — Principle Construction has completed a 4,000-square-foot flagship Circle K fleet convenience store at 70 Airport Road in West Dundee, a far northwest Chicago suburb. The store is part of a 56-acre redevelopment project on I-90 at Route 31. Principle installed eight dual-sided fuel dispensers for cars and four dual-sided and two single-sided fuel dispensers for trucks on the building’s exterior. Inside is a 354-square-foot cooler for soda, water, energy drinks and beer. The team built a 52-square-foot freezer for ice cream and pizza. A hot dog island holds condiment dispensers, a soda fountain and coffee station. The redevelopment includes a 1,006-space secured truck parking facility, a comprehensive truck repair and maintenance facility, truck wash, quick-service restaurant and office space for trucking and logistics companies. Gleason Architects designed the space. An affiliate of Speedwagon Capital owns the building.

January 6, 2026

Development Loans New York Northeast Office Top Stories

Related Cos., Oxford Properties Close $2.45B Capitalization for 70 Hudson Yards Office Tower in Manhattan

by John Nelson January 6, 2026

NEW YORK CITY — Related Cos. and Oxford Properties Group have fully capitalized 70 Hudson Yards, a 72-story office tower underway within the co-developers’ 28-acre Hudson Yards campus in Manhattan’s Midtown West neighborhood. The companies recently closed $2.45 billion in financing for the project, including a $1.6 billion construction loan from Wells Fargo, Bank of America and Standard Chartered, as well as equity from institutional investors. “Securing full equity and the largest construction loan in New York since 2020, on attractive terms, demonstrates the growing global demand from sophisticated investors and lenders of capital into first class office product like 70 Hudson Yards,” says Dean Shapiro, Oxford’s global head of development. The multi-tenant tower will span 1.4 million square feet and include the U.S. headquarters for Deloitte, one of the “big four” accounting firms that signed a lease for more than 800,000 square feet at the tower last year. The lease represents the largest tenant relocation in New York City since 2020, according to Related and Oxford. Shapiro adds that the co-developers broke ground before the lease with Deloitte was executed. Related and Oxford plan to begin vertical construction in the first half of the year. The foundations are nearing …

January 6, 2026

Development Industrial Texas

LITOS Underway on 952,560 SF Spec Industrial Project in Laredo, Texas

by Taylor Williams January 5, 2026

LAREDO, TEXAS — LITOS, an industrial developer based in Mexico City, is underway on a 952,560-square-foot speculative project in the Rio Grande Valley city of Laredo. Known as LITOS Laredo, the facility will consist of two cross-dock buildings totaling 476,280 square feet each. Building features will include 40-foot clear heights, 70-foot speed bays and 3,000 square feet of office space. ARCO/Murray is the design-build firm on the project, which is the first in the United States for LITOS.

January 5, 2026

Newer Posts

Older Posts