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Affordable HousingDevelopmentHospitalityMultifamilyRetailTop Stories

Disney Proposes $1.9B Expansion of Disneyland Theme Park in Anaheim

by Taylor Williams

ANAHEIM, CALIF. — The Walt Disney Co. (NYSE: DIS) has proposed a $1.9 billion expansion of its Disneyland Resort and surrounding neighborhood in Anaheim, south of Los Angeles in Orange County. If approved, the various new projects would be carried out within 10 years of the approval date, with the potential for another $600 million in capital investment to follow. The proposal, known as DisneylandForward, calls for new attractions and hotels to be constructed on the west side of Disneyland Drive. In addition, the theme park’s operators are looking to add new shopping, dining and entertainment space to the southeast at a site that currently houses parking for the Toy Story attraction. The proposal was originally discussed with the Anaheim City Council last Thursday. According to a summary of that meeting, the proposal does not request that any new acreage, square footage or hotel rooms be developed, but rather that approved development plans be shifted onto lands that Disney already owns. As part of the proposal, Disney would invest about $85 million of its own money in various infrastructural improvements in the area, including upgrades to parking structures, roads and pedestrian bridges. To make the project possible, the City of …

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Data CentersDevelopmentSoutheastVirginia

PowerHouse Data Centers Acquires 145 Acres in Northern Virginia, Plans Data Center Campus

by John Nelson

SPOTSYLVANIA, VA. — PowerHouse Data Centers has acquired 145 acres in Spotsylvania, with plans to develop a data center campus at the site. A joint venture with Harrison Street, the property will serve the data-intensive needs of hyperscale users in Northern Virginia. Dubbed PowerHouse 95, the project will feature three 300-megawatt (MW) substations, the first of which is currently under development and scheduled to provide 150 MWs of power by October 2025. Upon completion, the first substation will provide sufficient power to construct eight or more high-density data centers, and PowerHouse will have the capability to construct four to eight powered shells and two additional substations. McLean, Va.-based American Real Estate Partners (AREP) fully owns and operates PowerHouse.

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DevelopmentFloridaHealthcareSoutheast

Cullinan Properties Opens 150,000 SF VA Mental Health Center in Temple Terrace, Florida

by John Nelson

TEMPLE TERRACE, FLA. — Cullinan Properties has opened the new Tampa VA Mental Health Center in Temple Terrace, about 10 miles northeast of Tampa. Totaling 150,000 square feet, the facility will house multiple mental health programs, including outpatient mental health consultation services, therapy, substance abuse treatment, intensive case management, post-traumatic stress disorder (PTSD) treatment and employment and peer services. Outdoor amenities at the site, which spans 20 acres, include gardens, courtyards and walking paths. Cullinan broke ground on the development in 2021. The project team also included architecture and design firm Leo A. Daly, general contractor Hoar Construction, civil engineer Prosser and property management firm Lincoln Harris CSG.

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DevelopmentIndustrialLeasing ActivityNorth CarolinaSoutheast

Bosch Rexroth Signs 234,706 SF Industrial Lease in Pineville, North Carolina

by John Nelson

PINEVILLE, N.C. — Bosch Rexroth, a manufacturer of automated machines and hydraulic equipment, has signed a 234,706-square-foot industrial lease at Carolina Logistics Park, a 308-acre industrial park in Pineville. Construction on the build-to-suit facility, which will be situated about 15 miles south of Charlotte at 12026 Carolina Logistics Drive, is scheduled to begin in February, with completion expected in December. Beacon Partners is the developer and landlord of Carolina Logistics Park. Other tenants at the property include W.W. Grainger Inc., Amazon, Carolina Foods and Empire Distributors, which occupy a total of more than 2.5 million square feet of manufacturing and logistics space. Kent Ilhardt, Ryan Harder, Matt Treble and Patrick McGrath of Cushman & Wakefield represented Bosch Rexroth in the lease negotiations. The project team includes general contractor The Conlan Co., Merriman Schmitt Architects and Orsborn Engineering Group.

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Park-290-Austin
DevelopmentIndustrialTexas

Brookfield Properties Breaks Ground on 792,139 SF Industrial Project in East Austin

by Taylor Williams

AUSTIN, TEXAS — Brookfield Properties has broken ground on Park 290, a 792,139-square-foot industrial project that will be located off Decker Lane in East Austin. Park 290 will consist of four buildings that will range in size from 76,000 to 321,000 square feet. Building features will include 32- to 36-foot clear heights, ample car and trailer parking and LEED certifications. CBRE is the leasing agent for the project, which is expected to be complete before the end of the year.

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DevelopmentIndustrialTexas

LG Electronics Opens 100,000 SF Manufacturing Facility in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — LG Electronics, a division of South Korean conglomerate LG Corp., has opened a 100,000-square-foot manufacturing facility in Fort Worth for the assembly of electric vehicle (EV) charging stations. According to local broadcast news outlet WFAA, the facility is located at 2153 Eagle Parkway in the Alliance submarket on the city’s north side. The facility will have an annual production capacity of more than 10,000 units and has been designed with support for future expansion in mind.

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861-Sloan-Ave.-Hamilton
AcquisitionsDevelopmentNew JerseyNortheast

Cushman & Wakefield Arranges Sale of 48-Acre Industrial Development Site in Hamilton, New Jersey

by Taylor Williams

HAMILTON, N.J. — Cushman & Wakefield has arranged the sale of a 48-acre industrial development site in the Central New Jersey community of Hamilton that is approved for the construction of up to 420,000 square feet of space. The site at 861 Sloan Ave. offers proximity to both interstates 95 and 295. Robert Rudin, Gary Gabriel, Kyle Schmidt, David Bernhaut and Seth Zuidema of Cushman & Wakefield represented the seller, an entity doing business as Manchester 270 Development Inc., in the transaction. The team also procured the buyer, a partnership between Lincoln Equities Group and PGIM.

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301-S-Harrison-St-Denver-CO
ColoradoDevelopmentMultifamilySeniors HousingWestern

Cogir Senior Living, Ryan Cos. Open 137-Unit ACOYA Cherry Creek Seniors Housing Project in Denver

by Amy Works

DENVER — Cogir Senior Living and Ryan Cos. have opened ACOYA Cherry Creek, a senior living community located at 301 S. Harrison St. in Denver. ACOYA Cherry Creek offers 137 independent and assisted living apartments. The community features full-size residential kitchens, multiple dining venues, an art room, a salon, club room, wellness area and an outdoor bar with a view of the Rocky Mountains.

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DevelopmentIllinoisMidwestRetail

PREMIER Design + Build Group Begins Expansion Project for Abt Electronics Showroom in Suburban Chicago

by Kristin Harlow

GLENVIEW, ILL. — PREMIER Design + Build Group has begun work on a retail showroom renovation and expansion project for Abt Electronics in the Chicago suburb of Glenview. Abt is a retailer of electronics, appliances and home goods. The company’s showroom totals 114,000 square feet. PREMIER will expand the second floor of the showroom, adding 41,316 square feet with an elevator and restroom facilities. The property will remain open throughout construction. Cornerstone Architects Ltd. is the project architect. Completion is slated for the third quarter of this year.

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DevelopmentHealthcareMidwestWisconsin

Wangard Partners, Kraus-Anderson Complete $5M Veterans Affairs Clinic in Oconomowoc, Wisconsin

by Kristin Harlow

OCONOMOWOC, WIS. — Wangard Partners and Kraus-Anderson have completed the Veterans Affairs (VA) healthcare clinic at Olympia Fields in Oconomowoc, about 34 miles west of Milwaukee. The 9,991-square-foot clinic will be leased by the Veterans Health Administration and operated by the Clement Z. Zablocki VA Health Care System. Designed by Plunkett Raysich Architects, the $5 million facility features reception and waiting areas, conference rooms, exam rooms, primary care, women’s health services, mental health services, consultation rooms, telehealth, a staff lounge and team workrooms. Construction began in May 2023 and was completed one month ahead of schedule. Wangard is the developer of Olympia Fields, a mixed-use project that includes The Locklyn apartment community and a Sendik’s Food Market. Plans also call for a hotel, medical offices, commercial outlets and a recreational bike trail.

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