Development

Walker & Dunlop Arranges $44.6M Construction Loan for Multifamily Project in Grand Prairie, Texas

by Taylor Williams March 3, 2026

GRAND PRAIRIE, TEXAS — Walker & Dunlop has arranged a $44.6 million construction loan for The Henley, a 255-unit multifamily project that will be located roughly midway between Dallas and Fort Worth in Grand Prairie. The Henley will offer 153 one-bedroom units and 102 two-bedroom units in addition to Class A amenities. Walker Layne, Stephen West, Matthew Wallach, Austin Sneed and Tyler Evenson of Walker & Dunlop arranged the floating-rate loan through Goldman Sachs Alternatives on behalf of the locally based developer, StoneHawk Capital Partners.

March 3, 2026

Acquisitions Affordable Housing Development Massachusetts Multifamily Northeast

HVPG Buys Two Affordable Housing Properties in Boston, Plans Renovation

by Taylor Williams March 3, 2026

BOSTON — Hudson Valley Property Group (HVPG), a New York-based affordable housing owner-operator, has purchased Boston Bay and Hope Bay, two adjacent properties totaling 133 units in the Dorchester area of Boston. The properties comprise 20 buildings that were constructed between 1890 and 1920. HVPG plans to invest about $6.4 million ($48,000 per unit) in renovations to both properties, including upgrades to kitchen and bathroom fixtures and appliances, as well as common area enhancements and upgraded security and lighting features. Capital improvements will ensure long-term affordability of both assets.

March 3, 2026

Colorado Development Multifamily Seniors Housing Western

United Properties Breaks Ground on 154-Unit Active Adult Community in Denver

by Amy Works March 3, 2026

DENVER — United Properties has broken ground on Amira Lowry, a 55-plus active adult community in Denver’s Lowry neighborhood. The four-story property will feature 154 rental residences ranging from alcove studios to two-bedroom-plus-den layouts, all including in-unit laundry, private balconies and storage space. Community amenities will include fitness and wellness spaces, create activity rooms, indoor lounges, exterior gardens, walking paths and outdoor courtyards. The development will also feature a secure, attached parking garage, a bike lounge and outdoor gear storage. Weis Builders is constructing the project. Keegan Mulry House is curating the interior design and furnishings. Amira Lowry is Phase I of a two-phase plan for the site. Future plans include the addition of adjacent villa-style homes that are subject to required approvals.

March 3, 2026

Development Illinois Industrial Leasing Activity Midwest

TCC Leases Phase I, Plans Phase II of Plainfield Business Center in Metro Chicago

by Kristin Harlow March 3, 2026

PLAINFIELD, ILL. — Trammell Crow. Co. (TCC) has announced a full-building lease and plans for Phase II of Plainfield Business Center in Plainfield, about 40 miles southwest of downtown Chicago. RJW Logistics Group has leased Building 1, which totals 788,000 square feet. TCC plans to break ground on Building 2 in the second quarter. That building will also total 788,000 square feet. RJW is a retail-focused logistics and supply chain solutions provider. The Woodridge, Ill.-based company operates more than 16 distribution centers across Illinois, Texas and Pennsylvania. Dominic Carbonari of JLL represented RJW in its lease negotiations. Matt Mulvihill and Phil DeBoer of CBRE represented the landlord. Building 2, which is being built on a speculative basis, will sit on 46 acres and feature a clear height of 40 feet, 80 dock doors expandable to 156 and 211 trailer parking stalls. The site offers proximity to both I-55 and I-80. At full build-out, Plainfield Business Center will encompass more than 8 million square feet of industrial space. Harris Architects designed Plainfield Business Center, and Krusinski Construction Co. was the general contractor for Phase I. Kimley-Horn is the civil engineer.

March 3, 2026

Development Illinois Midwest Office

Skender Completes 230,000 SF Interior Construction of Invenergy Headquarters Expansion in Chicago

by Kristin Harlow March 3, 2026

CHICAGO — Skender has completed the 230,000-square-foot build-out of Invenergy’s One South Wacker Drive headquarters in Chicago. The developer, owner and operator of power infrastructure originally occupied floors 18, 19 and 20. Skender completed upgrades to those floors in addition to the demolition and full construction of five additional floors (14-17). The project team included Lumen Workplace as owner’s representative, Partners by Design as architect and Syska Hennessy as engineer. Skender completed the build-out and renovation in three phases over the course of 12 months. The open-office concept features a three-floor atrium stair, two roof decks, a large café and an 8,000-square-foot control center for managing global power markets and operations. Floor 15 now serves as the heart of the workplace with a new reception area and boardroom.

March 3, 2026

Affordable Housing Development Michigan Midwest Multifamily

Lockwood Cos. Opens 295-Unit Affordable Housing Community Near Ann Arbor

by Kristin Harlow March 3, 2026

PITTSFIELD TOWNSHIP, MICH. — Lockwood Cos. has opened Haverhill on Clark, a 295-unit affordable housing community located at the southwest corner of Clark and Golfside roads in Pittsfield Township near Ann Arbor. Haverhill on Clark represents a more than $76 million investment in Pittsfield Township and Washtenaw County. The community is located across from Washtenaw Community College and Trinity Health St. Joseph Mercy Hospital. Amenities include a pool, fitness center, gathering spaces, outdoor play structures, electric vehicle charging stations and pet-friendly accommodations.

March 3, 2026

California Development Industrial Top Stories Western

Cinespace Studios Opens New Soundstage Campus in Los Angeles

by John Nelson March 3, 2026

LOS ANGELES — Cinespace Studios, an owner-operator of soundstage facilities for the TV and film industry, has opened a new soundstage campus in Los Angeles. Situated in the Woodland Hills neighborhood, the new campus represents the sixth production hub worldwide for Cinespace, joining existing facilities in Atlanta; Chicago; Potsdam, Germany; Toronto; and Wilmington, N.C. “Los Angeles is where this industry was built, and where its future continues to be shaped,” says Eoin Egan, co-CEO of Cinespace Studios. “Opening a campus here has always been part of our long-term vision. While the market is navigating a period of transition, we believe deeply in the resilience of this city, the talent that defines it and the enduring demand for world-class production infrastructure.” Cinespace Studios Los Angeles comprises six 18,000-square-foot soundstages with 30-foot clear heights, as well as 72,000 square feet of production offices and additional ancillary spaces. A ribbon-cutting ceremony was held yesterday with members of Cinespace Studios, Los Angeles Mayor Karen Bass and representatives from the California Governor’s office in attendance. The new campus is opening with an active production already underway — a thriller movie called “Nightwatching” — underscoring early demand for the new stages. “This campus clearly understands what productions …

March 3, 2026

Acquisitions Development Retail Texas

Asana Partners Acquires 197,105 SF Shopping Center in Austin, Plans Renovation

by Taylor Williams March 2, 2026

AUSTIN, TEXAS — Charlotte-based investment and development firm Asana Partners has acquired The Arboretum, a roughly 197,105-square-foot shopping center in the Great Hills neighborhood of Austin, with plans to renovate the property. Tenants include Amy’s Ice Creams, Ballard Designs, Chico’s, Lovesac, Pottery Barn, Cava, Teapioca Lounge, Soma and Hanara Sushi & Grill. Asana plans to reconfigure commons areas to support live music and pop-up retail, establish new patios for outdoor dining and replace storefront signage. Sitework for the renovation will begin this summer. Completion is slated for early 2027.

March 2, 2026

Development Industrial Nevada Western

EBS Realty Breaks Ground on 1.3 MSF Apex Ridge Logistics Park in North Las Vegas

by Amy Works March 2, 2026

NORTH LAS VEGAS, NEV. — EBS Realty, along with its investment partner Penwood Real Estate Investment Management, has broken ground on Apex Ridge Logistics Park, a speculative campus in North Las Vegas. Totaling more than 1.3 million square feet on 90 acres, the asset will feature a 755,628-square-foot building and a 602,377-square-foot building. Situated within the Apex/North Las Vegas submarket, the buildings will offer flexible designs to cater to a variety of users, including e-commerce, manufacturing and distribution.

March 2, 2026

Development Multifamily New York Northeast Office

GFP Receives $191.5M in Financing for Office-to-Residential Conversion Project in Lower Manhattan

by Taylor Williams March 2, 2026

NEW YORK CITY — GFP Real Estate has received $191.5 million in financing for the office-to-residential conversion of 40 Exchange Place, a historic 300,000-square-foot building in Lower Manhattan’s Financial District. Upon completion, the 20-story converted building will include 382 affordable and market-rate apartments, as well as ground-floor retail space. In addition to the loan, the project will be backed by federal and state historic rehabilitation tax credits as well as a 35-year 457-m tax abatement, a New York City incentive designed to support office-to-residential conversions. Jordan Roeschlaub, Chris Kramer and Tim Polglase of Newmark arranged the financing through Derby Lane. A construction timeline was not announced.

March 2, 2026

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