Development

MMCC Arranges $85M in Construction Financing for Beverly Hills Mixed-Use Project

by Amy Works June 12, 2026

BEVERLY HILLS, CALIF. — Marcus & Millichap Capital Corp. (MMCC) has arranged $85 million in construction financing for the development of a 297,771-square-foot mixed-use property at 55 N. La Cienega Blvd. in Beverly Hills. Sharone Sabar of MMCC arranged the financing on behalf of a private investor through a national banking institution. The four-year construction loan was structured at 65 percent loan-to-cost. The six-story property will features 140 multifamily residences and 13,303 square feet of ground-floor retail space. The project will include a three-level subterranean parking structure with 177 spaces, extensive community gathering areas, a restaurant and bar, a coffee shop, recreation lounge, theater, wet and dry saunas, conference facilities, private workspaces and a communal kitchen, as well as a rooftop deck with a resort-style pool. Eleven units will be designated for low-income households and an additional 11 units for moderate-income households.

June 12, 2026

Development Multifamily Seniors Housing Washington Western

PMB, The Springs Living Break Ground on 225-Unit Senior Living Community in Issaquah, Washington

by Amy Works June 12, 2026

ISSAQUAH, WASH. — Co-developers PMB and The Springs Living have broken ground on a 225-unit senior living community in Issaquah, roughly 20 miles southeast of Seattle. Makenzie and GBD Architects designed the project, and Exxel Pacific is serving as the general contractor. Harrison Street Asset Management, Huntington National Bank, BOK, MVB, First National Bank Alaska and Northwest Bank are providing financing. Upon completion, The Springs Living at Issaquah Highlands will span 329,250 square feet. Units will include 114 independent living, 84 assisted living and 27 memory care apartments. The community is scheduled to open in late 2028. This marks the second co-development between The Springs Living and PMB.

June 12, 2026

Connecticut Development Multifamily Northeast

Winchester Partners Completes 283-Unit Mixed-Income Apartment Project in New Haven, Connecticut

by Taylor Williams June 12, 2026

NEW HAVEN, CONN. — Winchester Partners, which is a joint venture between an affiliate of L+M Development and Twining Properties, has completed The Winston, a 283-unit mixed-income apartment building in New Haven. The Winston is part of the initial phase of Science Park, a $92.5 million redevelopment of the former Winchester Repeating Arms Co. factory complex, which closed in 1981. Units range from studios to three-bedrooms, and roughly 20 percent (57 residences) are designated as affordable housing for renters earning 50 percent or less of the area median income. The five-story building also houses 12,800 square feet of retail space and amenities such as a pool, fitness center with a yoga studio, coworking space and a resident library. Beinfield Architecture designed the building, construction of which was financed by The Urban Investment Group at Goldman Sachs Alternatives and KeyBank.

June 12, 2026

Acquisitions Development Florida Mixed-Use Southeast

BCIP Acquires 32.6 Acres on Florida’s Space Coast, Plans Grocery-Anchored Mixed-Use Development

by Abby Cox June 12, 2026

WEST MELBOURNE, FLA. — Barron Collier Investment Partners (BCIP) has acquired 32.6 acres from MultiVerse Global, the developers of the 225-acre Space Coast Town Center in West Melbourne, a city on Florida’s Space Coast. BCIP will develop The Landing at Space Coast, a planned mixed-use project that will serve as the cornerstone of the larger master-planned community. Phase I of the project will include approximately 77,750 square feet of retail space anchored by a grocery store, along with restaurant and service-oriented tenants and 300 residential apartments. Phase II will comprise 70,000 square feet of commercial space, as well as a public art component that “celebrates the innovation, exploration and heritage that defines Florida’s Space Coast,” according to the press release. Upon completion of Space Coast Town Center, the development will include more than 2,000 multifamily residential units, 300 hotel rooms, 360,000 square feet of office space, 257,000 square feet of retail and restaurant space, a grocery store anchor and various public gathering areas.

June 12, 2026

Development Indiana Midwest Multifamily

Buckingham to Open Portrait Midtown Luxury Apartment Community in Metro Indianapolis This Summer

by Kristin Harlow June 12, 2026

CARMEL, IND. — Buckingham Cos. will open Portrait Midtown, a luxury apartment community in Carmel. Move-ins are scheduled to begin later this summer. Residents can choose from one-, two- and three-bedroom apartments as well as two- and three-bedroom townhomes. Situated near the city’s Midtown Arts District, the property features a micro market, two fitness studios, grilling stations, a dog park, resort-style pool and fire pits. Residents can work from home in the lounges, coworking spaces and outdoor plaza areas. Additional amenities include valet trash removal, rentable storage, electric vehicle charging and a 400-stall parking garage. Two public art installations in the community include a large-scale installation by London-based public art studio Acrylicize and a custom mural by Carl Leck of CBL Imagery.

June 12, 2026

Development Illinois Industrial Midwest

Logistics Property Co. to Build 140,122 SF Industrial Development in Addison, Illinois

by Kristin Harlow June 12, 2026

ADDISON, ILL. — Logistics Property Co. LLC (LogiPropCo) has closed on a 9.8-acre site at 2349 W. Lake St. in Addison with plans to build a 140,122-square-foot industrial facility. The site offers immediate access to I-355 and Illinois Route 20 as well as proximity to the O’Hare airport. Construction is expected to commence this month. The project will feature a clear height of 32 feet, 36 dock positions and parking for 179 cars. Morgan Harbour Construction will serve as general contractor, Architects Plus Design Studio is the architect and Jacob & Hefner Associates is the civil engineer. Aaron Martell and Ben Fish of LogiPropCo led the sourcing of the land for the development. Sean Henrick, Jason West and Doug Pilcher of Cushman & Wakefield will serve as the project’s leasing representatives. Completion is slated for the first quarter of 2027.

June 12, 2026

Development Georgia Southeast Student Housing

Stratus Development Breaks Ground on 411-Bed Student Housing Project Near University of Georgia

by John Nelson June 11, 2026

ATHENS, GA. — Stratus Development has broken ground on Phase II of Puritan Mill, which will offer 411 student housing beds near the University of Georgia campus in Athens. The community will feature townhomes in two-, three- and four-bedroom configurations. Shared amenities are set to include a dog park, nature trails, pickleball courts and shuttle service to campus. The development will combine amenity spaces with the existing initial phase of the project, which includes a second dog park, fitness center, clubhouse, study and meeting rooms and a resort-style pool. The development is scheduled for completion in fall 2027.

June 11, 2026

Development Hospitality Midwest Wisconsin

Pyramid Global Hospitality Opens 208-Room Dellshire Resort in Wisconsin

by Kristin Harlow June 11, 2026

WISCONSIN DELLS, WIS. — Pyramid Global Hospitality has opened Dellshire Resort, a 208-room property in Wisconsin Dells within south central Wisconsin. The hotel marks the area’s first new-build resort in more than two decades, according to Pyramid. The medieval-themed property features guestrooms and suites as well as Serpent’s Bay, an indoor-outdoor aquatic complex with five pool and splash experiences, including an adults-only swim-up bar. The tavern-style Blade & Barrel anchors the five food-and-beverage outlets. Hero’s Hall features arcade games and a private party room, while dedicated meeting and event facilities are available for groups and corporate retreats. A 70-foot-long fire-breathing dragon named Golspar welcomes guests at the entrance. Las Vegas-based metal sculptor Kevin Stone created the nearly 17,000-pound structure. The two-story entrance to the property is framed by cathedral-style windows. A compass is inlaid into the lobby floor, and shields are displayed across the stone walls to pay homage to the characters of the Legends of Dellshire Mixed Reality Adventure, the resort’s signature attraction. Dellshire Resort is part of Benchmark Resorts & Hotels, a collection of independent resorts and hotels by Pyramid. Rooms start at $200 per night.

June 11, 2026

Development Illinois Industrial Midwest

Krusinski to Complete Tenant Improvement Project for Electric Vehicle Repair Facility in Chicago

by Kristin Harlow June 11, 2026

CHICAGO — Dayton Street Partners has selected Krusinski Construction Co. to complete a tenant improvement project for an automotive and clean energy company. The Loomis facility will support a new electric vehicle repair facility on the edge of the Chicago city limits. Krusinski will revitalize the existing building by installing replacement overhead doors, renovating the restroom block to meet ADA compliance and enhancing the exterior lighting for safer access and security purposes. The project will also include the installation of new windows and a roof drainage system to accommodate the tenant’s needs. Completion is slated for next month. A+M Architects is the project architect, and Jacob & Hefner Associates Inc. is the civil engineer.

June 11, 2026

Acquisitions Colorado Development Industrial Western

Trammell Crow, PCCP Break Ground on 76-Acre Industrial Park in Thornton, Colorado

by Amy Works June 11, 2026

THORNTON, COLO. — Trammell Crow Co. (TCC) and joint venture partner Pacific Coast Capital Partners (PCCP) have broken ground on Crossroads 25, a Class A industrial park at the intersection of Interstate 25 and E-470. At full build-out, Crossroads 25 will span 1.1 million square feet across six buildings. Phase 1, totaling 828,000 square feet across four buildings, is slated for delivery in third-quarter 2027. Building 4, totaling 409,000 square feet, has been fully preleased. Buildings 1, 2 and 3 consist of 157,562, 171,242 and 90,096 square feet, respectively. The 32-foot clear front-park, rear-load buildings offer highway visibility from E-470 and I-25, 4,000 amps of power per building, oversized drive-in doors and trailer parking. Tyler Carner, Jeremy Ballenger and Keiffer Garton of CBRE represented the seller in the land acquisition. The CBRE team will also lead leasing efforts on behalf of TCC and PCCP. Simmons Bank provided construction financing for Phase 1. Ware Malcomb designed the project, with Murray & Stafford serving as general contractor.

June 11, 2026

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