Friday, February 6, 2026
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DevelopmentIllinoisMidwestRetail

Shorewood Development Group to Build 50,720 SF Tesla Sales, Service Center in Suburban Chicago

by Kristin Harlow

BUFFALO GROVE, ILL. — Shorewood Development Group will build a 50,720-square-foot automotive sales and service center for Tesla in the Chicago suburb of Buffalo Grove. The project site at the southeast corner of Dundee and Old Arlington Heights roads is the former location of a Rohrman auto dealership that has been vacant for more than 14 years. Daniel Barrins of Associated Bank originated a financing package on behalf of Shorewood. In addition to the financing for the service center, the loan package includes financing for the acquisition and site work of a 10-acre adjacent land parcel that consists of retail and residential zone uses. The retail property can accommodate two buildings with a combined 30,000 to 40,000 square feet of space. The residential parcel is under contract to be sold to a local apartment developer to build four buildings with a total of 197 units.

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DevelopmentMidwestMultifamilySeniors HousingSouth Dakota

Sanford Health Plans 330-Unit Continuing Care Retirement Community in Sioux Falls, South Dakota

by Kristin Harlow

SIOUX FALLS, S.D. — Sanford Health has unveiled plans to build Good Samaritan Society — Founder’s Crossing, a continuing care retirement community (CCRC) in Sioux Falls. The developer plans to break ground this spring. The first phase of the CCRC will include 146 independent living villas, 120 independent living apartments, 32 assisted living apartments and 32 memory care apartments, all slated for completion in 2026. A second phase over the following two years will add a short-term rehabilitation and long-term care center, additional villas, a Sanford Health clinic and a Lewis Drug location. The health clinic and pharmacy will be open to the public. Phase II is scheduled for completion by 2028.

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DevelopmentHospitalityMidwestWisconsin

Cicero Construction Group Underway on Renovation of Holiday Inn Express Hotel in Green Bay

by Kristin Harlow

GREEN BAY, WIS. — Cicero Construction Group is underway on the renovation of the Holiday Inn Express & Suites Green Bay East hotel. Completion is slated for June. The Wolf family, which owns and operates the hotel, is a second-generation family-owned business. The renovation project will include the hotel’s 80 guest rooms, the lobby area with registration desk, business center, Express Shop market, indoor pool and spa, Express Start breakfast bar and fitness center. Cicero will also fully revitalize the hotel’s public bathrooms, back-of-house laundry operations, meeting room, stairwells, corridors, offices, vestibule and elevator lobbies. In guest rooms, Cicero will install new carpeting, window treatments, furnishings and bedding along with updated color palettes on walls and ceilings. Guest bathrooms will be outfitted with new fixtures, tub-to-shower conversions and mirrors with built-in lighting.

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CaliforniaDevelopmentMultifamilyStudent HousingTop StoriesWestern

Landmark Properties Breaks Ground on 1,284-Bed The Standard at Los Angeles Student Housing Community Near USC

by Kristin Harlow

LOS ANGELES — Landmark Properties has broken ground on The Standard at Los Angeles, a 1,284-bed student housing community located a few blocks south of the University of Southern California (USC) campus. The mid-rise apartment building will include the construction of 1,236 beds across 429 units, as well as the renovation of five existing townhomes that will comprise 48 beds. Landmark Construction, the in-house general contractor for Landmark Properties, is managing construction. HED designed the project. The property is slated to open in August 2026. Situated at the east side of the 160-acre Exposition Park, The Standard at Los Angeles will include a mix of floor plans ranging from studios to five-bedroom units. Residences will be fully wired for high-speed internet. Landmark says the amenity package at The Standard at Los Angeles will be one of the largest by square footage within its portfolio. Residents will have access to more than 60,000 square feet of indoor and outdoor amenity spaces. The rooftop will include a resort-style pool with a sun deck, Jumbotron and outdoor grilling stations. The clubhouse spaces will be anchored by a rooftop clubroom adjoining the 24-hour fitness center. Students will have access to multiple study lounges as …

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Highland-Melissa
Build-to-RentDevelopmentSingle-Family RentalTexas

Legacy Partners, Resmark Underway on 133-Unit Build-to-Rent Project in Melissa, Texas

by Taylor Williams

MELISSA, TEXAS —  A partnership between two California-based firms, developer Legacy Partners and investment manager Resmark Cos., is underway on construction of a  133-unit build-to-rent residential project in Melissa, located north of Dallas in Collin County. Designed by UD Architects and known as Highland, the development will offer one-, two- and three-bedroom homes ranging in size from 780 to 1,500 square feet. Amenities will include a pool, fitness center, coworking space, an outdoor kitchen and a dog park. Rents will start at $2,100 per month for a one-bedroom home. Completion is slated for late 2025.

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DevelopmentRetailTexas

Murdoch’s Ranch & Home Supply to Open 55,000 SF Store in Alvin, Texas

by Taylor Williams

ALVIN, TEXAS — Murdoch’s Ranch & Home Supply, a provider of outdoor apparel and agricultural equipment, will open a 55,000-square-foot store at 2500 S. Bypass 35 in Alvin, about 30 miles south of Houston. Culbertson Contractors is constructing the store from the ground up after buying the 12.6-acre site. Alex Makris and Patrick Keegan of Partners Real Estate represented the seller, East Bay Partners Ltd., in the disposition of the land. Danny Elliott and Thomas Tyng of CBRE represented Culberson Contractors.

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1620-River-Road-Burlington-New-Jersey
DevelopmentIndustrialNew JerseyNortheast

Lee & Associates Secures 478,000 SF Industrial Lease in Burlington, New Jersey

by Taylor Williams

BURLINGTON, N.J. — Lee & Associates has secured a 478,000-square-foot industrial lease in the Southern New Jersey city of Burlington. The tenant is an undisclosed, international logistics company that will occupy the entirety of the building at 1620 River Road, which is located within Burlington Industrial Park. According to LoopNet Inc., the building was constructed in 2016 and features a clear height of 36 feet, 96 dock doors, four drive-in doors, 5,000 square feet of office space and parking for 179 cars and 72 trailers. Drew Maffey, Rick Marchisio and Michael Lee of Lee & Associates represented the tenant in the lease negotiations. Nate Demetsky of JLL represented the landlord.

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Selkirk-Reserve-Bethlehem-New-York
DevelopmentMultifamilyNew YorkNortheast

NRP Group Breaks Ground on 72-Unit Workforce Housing Project in Bethlehem, New York

by Taylor Williams

BETHLEHEM, N.Y. — The NRP Group, a Cleveland-based multifamily developer, has broken ground on Selkirk Reserve, a 72-unit workforce housing project that will be located just south of Albany in Bethlehem. The property will consist of nine two-story residential buildings and a clubhouse building on a 15.6-acre site. Units will come in one-, two- and three-bedroom formats and will be reserved for renters earning between 30 and 60 percent of the area median income. NRP Group is developing the project in partnership with New York State Homes & Community Renewal and nonprofit organization Soldier On. Completion is slated for August 2025.

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DevelopmentLoansMultifamilyNorth CarolinaSoutheast

Madison Communities Obtains $80M Construction Loan for Charlotte Multifamily Development

by John Nelson

CHARLOTTE, N.C. — Madison Communities has obtained an $80 million loan for the construction of a multifamily community in the Lower South End (LoSo) neighborhood of Charlotte. Patterson Real Estate Advisory Group arranged the loan through META Real Estate Partners and Bank of America on behalf of Madison Communities. Situated adjacent to Olde Mecklenburg Brewery (OMB), the unnamed community will comprise 320 units and will include dedicated parking for brewery patrons. A timeline for the project was not disclosed. Additionally, parent company Madison Capital Group will relocate its corporate headquarters to a property directly next to OMB. 

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DevelopmentMultifamilySoutheastTennessee

Alliance Residential Opens 303-Unit Broadstone Berry Hill Apartments in Nashville

by John Nelson

NASHVILLE, TENN. — Arizona-based Alliance Residential Co. has opened Broadstone Berry Hill, a 303-unit apartment community located at 2500 Bransford Ave. in Nashville. In addition to studio, one- and two-bedroom residences, the property features a soon-to-be-opened coffee shop and Second Story, A Private Office Collective, which comprises 19 private offices for rent. Amenities at Broadstone Berry Hill include a clubroom, sky lounge, fitness center, private focus rooms, a fenced pet bark, bike room with a repair station and two courtyards. One of the courtyards features a grilling area, miniature golf and a saltwater pool, and the other includes an outdoor TV lounge, fire pit and turf area for lawn games. The project team includes architect Dynamik Design and interior designer Mad Studio. Monthly rental rates range from $1,618 to $3,465, according to the property website.

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