Development

Omega Construction Breaks Ground on 801,000 SF Distribution Center in Macon, Georgia for Bob’s Discount Furniture

by Abby Cox March 30, 2026

MACON, GA. — Winston-Salem, N.C.-based Omega Construction has broken ground on an 801,000-square-foot warehouse and distribution facility for in Macon for Bob’s Discount Furniture. Situated roughly 85 miles southeast of Atlanta in Central Georgia, the facility will serve as a major logistics hub to support the retail furniture chain’s growth across the Southeast. Further details of the development were not disclosed. Needham, Mass.-based Onyx Partners is leading the development, with Omega Construction serving as the design-build general contractor, in partnership with Falcon Design Consultants, Atlas Collaborative and HGA. As of early 2026, Bob’s Discount Furniture operates more than 200 stores across the U.S.

March 30, 2026

Development Hospitality Loans Multifamily Northeast Pennsylvania

Cronheim Arranges $40M Construction Loan for Hotel, Condo Project in State College, Pennsylvania

by Taylor Williams March 30, 2026

STATE COLLEGE, PA. — An affiliate of New Jersey-based intermediary Cronheim Mortgage has arranged a $40 million construction loan for a 70-room hotel and condo project in State College. The site is located at the gateway to Penn State University’s campus, and the building will include ground-floor retail space. Residences/hotel rooms will feature premium finishes, and residents will have access to 24/7 security, concierge and housekeeping services, as well as use of a fitness center. An undisclosed national lender provided the nonrecourse loan to the borrower, which also requested anonymity.

March 30, 2026

Acquisitions Development Multifamily New Jersey Northeast Seniors Housing

Hudson Atlantic Negotiates $9.2M Sale of Multifamily Development Site in Paramus, New Jersey

by Taylor Williams March 30, 2026

PARAMUS, N.J. — Regional brokerage firm Hudson Atlantic Realty has negotiated the $9.2 million sale of a multifamily development site in the Northern New Jersey community of Paramus. The 9.9-acre site at 731 Pascack Road is fully approved for the development of a 162-unit, age-restricted project that will be known as The Residences at Joy Farms. Units will come in one- and two-bedroom floor plans, and amenities will include a fitness center, bar/kitchen area and indoor/outdoor social spaces. Adam Zweibel of Hudson Atlantic brokered the deal. The buyer and seller were not disclosed.

March 30, 2026

Arizona Development Mixed-Use Top Stories Western

Mack Real Estate, McCourt Break Ground on $7B Halo Vista Mixed-Use Development in North Phoenix

by Taylor Williams March 30, 2026

PHOENIX — A partnership between Mack Real Estate Group and McCourt Partners has broken ground on Halo Vista, a $7 billion mixed-use development in North Phoenix that has been billed as a “city within a city.” Situated adjacent to the Taiwan Semiconductor Manufacturing Co. (TSMC) campus, the 2,300-acre master-planned project is designed to be a global hub for science, innovation and community. The initial phase of construction will focus on crucial horizontal infrastructure and site preparation, with work led by Phoenix-based Willmeng Construction. The master plan for the site includes nearly 30 million square feet of industrial, office, retail, residential and educational uses. Companies that have already committed to Halo Vista include Costco and Marriott, which plans to develop a five-story, dual-branded hotel under the Courtyard and Residence Inn brands. Those announcements came in October. In addition, DeRito Partners is planning an “auto mall” at Halo Vista that will feature approximately 10 dealership facilities. These developments are part of the first phase of commercial space that is planned along I-17 and Dove Valley Road and is designed to serve the thousands of workers and residents anticipated to join the Halo Vista community. “Northwest Phoenix has always had strong neighborhoods and a …

March 30, 2026

Development Healthcare Office Texas

Skanska USA Completes 20,772 SF Adaptive Reuse Project in Houston’s Third Ward

by Taylor Williams March 27, 2026

HOUSTON — Skanska USA has completed a 20,772-square-foot adaptive reuse project in Houston’s Third Ward. The project converted the historic Riverside General Hospital, which originally opened in 1926, into the new home of the Harris County Public Health Department. The work encompassed renovations to the main hospital building, former nursing school and adjacent utility structure. The project team also integrated new mechanical, electrical and life-safety systems throughout.

March 27, 2026

Development Multifamily New York Northeast

Lendlease Welcomes First Residents To 834-Unit Apartment Community in Brooklyn

by Taylor Williams March 27, 2026

NEW YORK CITY — Lendlease has welcomed the first residents to The Riverie, an 834-unit apartment community in the Greenpoint neighborhood of Brooklyn. Spanning an entire city block along the East River, The Riverie comprises two towers that rise 37 and 20 stories, as well as a mid-rise podium with frontages along India, West and Java streets. Residences range from studios to three bedrooms, including select penthouses and townhomes. Of the total unit count, 30 percent of residences are designated as affordable housing. The development also features 13,000 square feet of retail and restaurant space, Class A amenities and new public green space. Marvel was the project architect. Rents start at roughly $3,800 per month for a studio apartment. The Riverie was capitalized in late 2022. Construction began in spring 2023 and topped out in fall 2024, at which point the project was known as 1 Java Street.

March 27, 2026

Acquisitions Development Florida Multifamily Office Southeast

Ascentris-Led Partnership Sells Two South Florida Office Buildings, Launches Multifamily Conversion Project

by Abby Cox March 27, 2026

DORAL, FLA. — Ascentris, in partnership with Highline Real Estate Capital and Square2 Capital, has completed a multi-phase repositioning of Westside Plaza, a three-building, 382,637-square-foot office complex in Doral, a western suburb of Miami. As a result of the project completion, Miami-based COFE Properties purchased two office buildings within Westside Plaza totaling 276,637 square feet at 8200 and 8400 N.W. 33rd St. for $63 million, according to South Florida Business Journal. Westside I and II were 98 percent leased following a renovation, including upgraded lobbies, common areas and tenant amenities, as well as the addition of two spec suites. Tenants in the office buildings include Guidewell Sanitas, US Med, LLC, Inktel Contact Center Solutions and Venture X. Chris Lee, Sean Kelly, Tom Rappa and Matthew Lee of CBRE brokered the sale. Parallel to the transaction, a joint venture between the Ascentris-led partnership and multifamily developer ZOM Living acquired Westside Plaza II, a 106,000-square-foot office building that will be transformed into a 380-unit multifamily community under Florida’s Live Local Act, a strategy designed to provide more affordable housing opportunities. Robert Given, Brad Capas and Troy Ballard of CBRE brokered the sale of Westside Plaza II.

March 27, 2026

Development Industrial Maryland Southeast

Hanover, Northwestern Mutual Deliver 509,000 SF Industrial Park in Frederick, Maryland

by Abby Cox March 27, 2026

FREDERICK, MD. — Hanover Co. and its institutional partner Northwestern Mutual have completed construction of Frederick Airport Park, a 509,000-square-foot industrial development located in Frederick, about 44 miles northwest of Washington, D.C. Situated directly off I-70 and adjacent to Frederick Municipal Airport, Frederick Airport Park spans 37 acres and consists of two light industrial buildings featuring 36-foot clear heights. The project team included MGMA (architect), Harris Smariga (civil engineer) and Conewago (general contractor). Construction of both buildings was completed in January. Cushman & Wakefield is marketing Frederick Airport Park to potential tenants.

March 27, 2026

Development Industrial Self-Storage Washington Western

SecureSpace Self Storage Opens 625-Unit Facility in Tukwila, Washington

by Amy Works March 27, 2026

TUKWILA, WASH. — SecureSpace Self Storage has opened its newest facility located at 5950 Southcenter Blvd. in Tukwila. Formerly known as Tukwila Self Storage, the five-story, heated facility offers 53,185 square feet of storage space across 625 units in a variety of sizes. The facility is currently undergoing enhancements to meet SecureSpace’s standards. The upgraded property will feature proprietary AI-enabled cameras and sensors for enhanced security, as well as complimentary high-speed Wi-Fi.

March 27, 2026

Arizona Development Industrial Restaurant Retail Western

Creation Delivers $250M Park Algodon Industrial, Mixed-Use Development in Phoenix

by Amy Works March 26, 2026

PHOENIX — Creation, a Phoenix-based developer, has completed construction for Park Algodon, an industrial and mixed-use development at the northwest corner of Loop 101 and Indian School Road in Phoenix. Spanning 86 acres, Park Algodon includes 1.3 million square feet of Class A industrial space and an adjacent 7-acre mixed-use destination with retail and restaurant space. The first phase of the industrial portion of Park Algodon was developed in partnership with Clarion Partners. The two-phase speculative industrial project includes four buildings, totaling 725,000 square feet, designed to accommodate tenants ranging from 30,000 square feet to 317,000 square feet. The industrial buildings offers 32-foot to 40-foot minimum clear heights, ample power and abundant employee parking. The second phase is permit-approved for a single 556,000-square-foot building. Separate from the joint venture, Creation developed The Shops at Park Algodon, a 14,000-square-foot restaurant and retail space. Buildings A and B will be delivered to tenants within the next 30 days. Confirmed tenants include Einstein Bros. Bagels, Chipotle, Luna Grill and Zara Nail Bar. LGE Design Build provided architectural and construction services for the project. Andy Markham and Phil Haenel of Cushman & Wakefield are handling leasing for the industrial component, while Matt Milinovich and James …

March 26, 2026

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