Development

CREG, Sagard Underway on 170,000 SF Speculative Industrial Facility in Metro Baltimore

by John Nelson October 7, 2025

HAVRE DE GRACE, MD. — Chesapeake Real Estate Group (CREG) and Sagard Real Estate are underway on a new speculative industrial facility located at 1621 Clark Road in Havre de Grace, a Baltimore suburb in Harford County. The co-developers have tapped the CBRE Baltimore office to market and lease the project, which is expected to deliver in March 2026. The facility will offer 36-foot clear heights, a 180-foot truck court, 37 dock-high loading positions, 51 trailer drops, 122 vehicle parking spaces and a 2,500-square-foot speculative office suite.

October 7, 2025

Development Hospitality New Hampshire Northeast

Hideaway Inns Debuts 55-Room Flagship Property in Mount Sunapee, New Hampshire

by Taylor Williams October 7, 2025

MOUNT SUNAPEE, N.H. — Hideaway Inns has debuted its 55-room flagship property in Mount Sunapee, a ski resort town located near the Vermont-New Hampshire border. Hideaway Inn Mount Sunapee is located at the base of the mountain and offers amenities such as a library, gaming area, a putting green, coffee bar and a coworking space. Revival Hotels manages the property. Two additional Hideaway Inn properties are currently under development in Mount Snow, Vt., and Sugar Hill, N.H.

October 7, 2025

California Development Multifamily Student Housing Western

Gilbane Underway on 484-Bed Student Housing Project Near University of California, Berkeley

by Amy Works October 7, 2025

BERKELEY, CALIF. — Construction is underway on Pique, a 484-bed student housing project by Gilbane Development located at 2587 Telegraph Ave. near the University of California, Berkeley campus. The developer recently opened a leasing office for the community at 2430 Bancroft Way. The project is scheduled for completion in summer 2026. Pique will offer units in four-, five- and six-bedroom configurations. Shared amenities will include an indoor-outdoor yoga and fitness center with an outdoor sauna; outdoor study spaces; two rooftop decks separated by an indoor-outdoor club room; community terrace space; a ground floor coworking lounge; smart food lockers; and private study rooms on each floor. The community will also feature 2,900 square feet of ground-floor retail space.

October 7, 2025

Affordable Housing California Development Loans Multifamily Western

KeyBank Provides $25.9M Loan for Affordable Housing Development in Compton, California

by Amy Works October 7, 2025

COMPTON, CALIF. — KeyBank Community Development Lending and Investment has provided a $25.9 million loan to finance construction of an affordable housing development at 1434 W. Compton Blvd. in the metro Los Angeles city of Compton. The Coalition for Responsible Community Development (CRCD) has partnered with LandSpire Group to develop the 75-unit community. The project will be a three-story development consisting of studios and one- and two-bedroom units, all of which will be rent restricted at or below 50 percent of the area median income. Additional low-income housing tax credit equity and Freddie Mac permanent financing were secured from Walker & Dunlop. The total project cost was not disclosed, but a California Tax Credit Allocation Committee report from October 2024 lists the valuation at $56.8 million. Amenities will include laundry facilities, a community room, playground, landscaped courtyard, amphitheater-style seating area, sports court, onsite parking and a resident manager. Social services will be provided by CRCD and other community partners. Completion is slated for May 2027. CRCD and LandSpire Group have forged a partnership to create more than 1,000 permanent supportive and affordable housing units across the greater Los Angeles area over the next decade.

October 7, 2025

Affordable Housing Development Midwest Minnesota Multifamily

Lupe Completes 110-Unit Affordable Housing Community in Minneapolis

by Kristin Harlow October 7, 2025

MINNEAPOLIS — Lupe Development Partners has completed Lakefield Apartments, a 110-unit affordable housing community in the Lyn-Lake area of Minneapolis. The project marks a collaboration between Lupe and the city to address affordable housing needs. The development was originally planned to include 95 units before the developer acquired an additional parcel and expanded the project to 110 family-sized units, including more three- and four-bedroom layouts. As of September, the project was 70 percent leased. The development concludes the third phase of Lupe’s mixed-income campus on Lake Street near the Lyndale Avenue intersection. In total, the campus has brought 353 units of affordable and market-rate housing along Lake Street in the past five years. The $41 million project was made possible through collaboration with the city, Multifamily Housing Revenue Bonds, Hennepin County, Minnesota Department of Employment and Economic Development and housing tax credit equity. Frana Cos. served as general contractor.

October 7, 2025

Arizona Development Hospitality Leasing Activity Mixed-Use Retail Top Stories Western

Partnership Announces Costco, Marriott Hotels Coming to $7B Halo Vista Development in Phoenix

by John Nelson October 7, 2025

PHOENIX — A partnership between Mack Real Estate Group and McCourt Partners has announced updates for the first phase of Halo Vista, the co-developers’ $7 billion, 2,300-acre mixed-use campus in northwest Phoenix. Halo Vista is set to surround TSMC Arizona, the $165 billion semiconductor fabrication campus. The co-developers, which are operating as an entity doing business as Mack Halo Vista LLC, announced that the project will include a new Costco store, two Marriott-branded hotels (a Courtyard by Marriott and a Residence Inn) and an auto mall (i.e. a cluster of car dealerships). Locally based firm Common Bond Development Group is developing the hotels after acquiring the land from Mack Halo Vista. “Today’s confirmation of the first phase of hospitality and retail users marks an important milestone for Halo Vista because it will enable our project to deliver much-needed services in support of the growing TSMC ecosystem, while we simultaneously continue to focus on horizontal infrastructure development that underpins the entire master plan,” says Chris Janson, president of Mack Halo Vista LLC. The new buildings will be situated at I-17 and Dove Valley Road. Infrastructure is in place and ready for development, according to the developers. Last year, the Arizona State …

October 7, 2025

Development Multifamily Texas

Partnership Delivers 40-Story Apartment Tower Near Downtown Houston

by Taylor Williams October 6, 2025

HOUSTON — A partnership between locally based owner-operator Hanover Co., Dallas-based Rebees and Mitsui Fudosan America has delivered a 40-story apartment tower located about two miles west of downtown Houston. Hanover Buffalo Bayou is located within the 14-acre Autry Park mixed-use development along the western edge of the 160-acre Buffalo Bayou Park. The building consists of 317 units in one-, two- and three-bedroom formats with an average size of 1,276 square feet, as well as 5,000 square feet of retail space. Amenities include a landscaped courtyard with a pool, outdoor grilling and dining stations, a clubhouse with a demonstration kitchen, fitness center, cinema, business center and a game room. Rents start at approximately $2,600 per month for a one-bedroom apartment.

October 6, 2025

Affordable Housing Development Multifamily Texas

Dallas Housing Authority Secures $69M Bond Reservation to Renovate Two Affordable Communities

by Taylor Williams October 6, 2025

DALLAS — The Housing Authority of the City of Dallas (DHA) has secured a $69 million bond reservation for the renovation of Roseland Townhomes and Roseland Estates, two affordable housing communities in Central Dallas. The bond reservation represents an early piece of the capital stack that enables DHA to receive 4 percent Low-Income Housing Tax Credits (LIHTC). The renovation will include new kitchens, bathrooms, plumbing, flooring, appliances and fixtures in the properties’ 274 units. DHA will also upgrade the recreation center, building infrastructure, security and landscaping. Completion is slated for 2027.

October 6, 2025

Development Hospitality Texas

NewcrestImage Completes Renovation of 175-Room Elmore Hotel in Southlake, Texas

by Taylor Williams October 6, 2025

SOUTHLAKE, TEXAS — Locally based hospitality owner-operator NewCrestImage has completed the renovation of the 175-room Elmore Hotel in Southlake, located northeast of Fort Worth. The renovation of the four-story hotel, which originally opened in 2016, lasted about a year and carried a multimillion-dollar price tag. Amenities include a fitness center, outdoor pool, 5,000 square feet of meeting and event space and an onsite bar and restaurant. Coury Hospitality manages the property.

October 6, 2025

Affordable Housing Development Massachusetts Multifamily Northeast

MassDevelopment Provides $37.6M in Bond Financing for Affordable Housing Conversion Project in Boston

by Taylor Williams October 6, 2025

BOSTON — MassDevelopment has provided $37.6 million in tax-exempt bond financing for an affordable housing conversion project in Boston. The project will convert the former Blessed Sacrament Church in the Jamaica Plain neighborhood, which was built in the early 1900s and served as an active parish until the early 2000s, into a 55-unit complex. The unit mix will consist of 17 studios, 25 one-bedroom residences and 13 two-bedroom apartments that will be reserved for households earning between 30 and 80 percent of the area median income. Six units will be specifically reserved for formerly homeless individuals. Construction is underway and is expected to be completed in early 2028. The developer is a partnership between an affiliate of Pennrose and the local nonprofit Hyde Square Task Force. Citizens Bank purchased the bond.

October 6, 2025

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