Development

Titan, Robinson Weeks Break Ground on 429,633 SF Spec Industrial Project Near San Antonio

by Taylor Williams November 23, 2022

SELMA, TEXAS — A partnership between Titan Development and Atlanta-based Robinson Weeks Partners has broken ground on a 429,633-square-foot speculative industrial project in Selma, a northeastern suburb of San Antonio. Branded Selma 3, the facility will sit on 25 acres within the 185-acre Titan Industrial Park. Building features will include 36-foot clear heights, 98 dock doors, four drive-in ramps, 232 car parking spaces and 119 trailer parking stalls. Completion is slated for the third quarter of 2023. Selma 2, which spans 305,760 square feet, was completed in July and is now partially leased to Made in Cookware and Berlin Packaging.

November 23, 2022

Acquisitions Development Multifamily Texas

Kajani Capital Group to Develop 300-Unit Multifamily Project in Metro Houston

by Taylor Williams November 23, 2022

HUMBLE, TEXAS — Locally based development and investment firm Kajani Capital Group has acquired 10.8 acres in the northern Houston suburb of Humble for the development of a 300-unit multifamily project. The community will feature one-, two- and three-bedroom units with an average size of 875 square feet, as well as a clubhouse, fitness center, package lockers and a dog park. Chris Bergmann Jr. of JLL represented Kajani Capital in the off-market land deal. Joan Collum of Collum Commercial represented the seller, Austin-based Stratus Properties. Construction is set to begin in May and to be complete in fall 2024.

November 23, 2022

Development Healthcare Texas

McCarthy Completes 85,000 SF Cancer Research Center in Tyler, Texas

by Taylor Williams November 23, 2022

TYLER, TEXAS — St. Louis-based general contractor McCarthy Building Cos. has completed The Northeast Texas Cancer & Research Institute, an 85,000-square-foot healthcare project in Tyler, about 100 miles east of Dallas. The center is located on the CHRISTUS Mother Frances Hospital campus and features specialized areas for cancer treatment provider Texas Oncology, including 30,000 square feet of clinic space for medical, radiation and gynecologic oncology services, as well as nearly 3,000 square feet of space dedicated to research. Construction began in May 2021 and topped out in March.

November 23, 2022

Arizona Development Industrial Western

DAUM Commercial Brokers Sale of Development Site in Phoenix for 126,000 SF Industrial Project

by Amy Works November 23, 2022

PHOENIX — DAUM Commercial has arranged the purchase of a 7.95-acre land parcel in Phoenix. Prologis acquired the infill site at 24500-24501 N. 20th Drive from Wadsworth Development for $8.6 million in an off-market transaction. Prologis plans to develop two industrial facilities on the site: a 77,000-square-foot building and a 49,000-square-foot building. Bob Lundstedt, Skip Corley Jr. and Chase Heinemann of DAUM brokered the transaction. Lundstedt, Corley Jr., Heinemann and Parker Houston of DAUM will handle leasing for the property.

November 23, 2022

Development Loans New York Northeast Retail

CIT Group Provides $34M Construction Loan for Lionsgate Warburton Studio in Yonkers

by Taylor Williams November 23, 2022

YONKERS, N.Y. — Los Angeles-based CIT Group has provided a $34 million construction loan for Lionsgate Warburton Studio, a 73,000-square-foot entertainment production facility that will be located north of New York City in Yonkers. The facility represents the latest addition to the Great Point Studio Campus, which is anchored by film producer Lionsgate and houses support areas, a café, lounge and outdoor garden terraces. The borrower was a joint venture between i.Park and Great Point Media.

November 23, 2022

Development Multifamily New York Northeast Seniors Housing

EW Howell Completes 80-Unit Assisted Living Project in Kings Park, New York

by Taylor Williams November 23, 2022

KINGS PARK, N.Y. — General contractor EW Howell Construction Group has completed St. Johnland Assisted Living, an 80-unit seniors housing project in Kings Park, located on Long Island’s North Shore. Designed by KDA Architects, the two-story, 68,000-square-foot facility totals 100 beds and is situated adjacent to the existing 100-acre St. Johnland Nursing Center complex. St. Johnland is a locally based provider with specialties in dementia, head injury rehabilitation, subacute care and adult day care.

November 23, 2022

Development Florida Hospitality Multifamily Southeast

PMG, Greybrook Open 49-Story Elser Hotel & Residences in Downtown Miami

by John Nelson November 22, 2022

MIAMI — PMG and private equity firm Greybrook have opened the Elser Hotel & Residences, a 49-story hospitality tower in downtown Miami. Highgate is managing the property, which features 646 hotel rooms and short-term residences ranging from studios to three-bedroom suites. The tower features a 10,200-square-foot fitness center and a 19,000-square-foot sun deck, which includes eight electric grills, a pool deck, bar, poolside LED screening wall, an outdoor plunge pool and event space all overlooking Biscayne Bay. Other amenities include a cocktail bar and restaurant, a coffee shop by Café Domino and coworking space.

November 22, 2022

Development Mixed-Use Texas

Wildcatter Realty Unveils Plans for 325-Acre Mixed-Use Project in Greenville, Texas

by Taylor Williams November 22, 2022

GREENVILLE, TEXAS — Dallas-based investment and development firm Wildcatter Realty Partners has unveiled plans for The Greenbelt, a 325-acre mixed-use project that will be located northeast of Dallas in Greenville. The site is bordered by I-30, Monty Stratton Parkway, State Highway 34 and FM 1570. At full buildout, The Greenbelt will consist of approximately 1,200 single-family and multifamily units, 200,000 square feet of commercial space, seven restaurant pad sites and at least one hotel with 100 rooms and 10,000-square-foot conference center. Wildcatter recently received approval from Greenville’s Planning & Zoning Committee to rezone a 20-acre parcel from agriculture to multifamily use and plans to develop a 300-unit apartment community on that site. The Greenbelt could also include a second hotel.

November 22, 2022

Development Illinois Industrial Midwest Wisconsin

HSA Commercial Begins Construction on Four Spec Warehouses Totaling 1.9 MSF in Illinois, Wisconsin

by Kristin Harlow November 22, 2022

WAUKEGAN, MT. PLEASANT AND KENOSHA, WIS. — HSA Commercial has begun construction on four speculative warehouses totaling 1.9 million square feet along the I-94 corridor between metro Chicago and Milwaukee. Delany Commerce Center II in Waukegan, Ill., will span 218,500 square feet. Completion is slated for July 2023. Situated adjacent to a facility that HSA developed in 2014, the building will feature a clear height of 36 feet, 28 truck docks, four drive-in doors and parking for 300 cars. Harris Architects is the project architect, PREMIER Design + Build Group is the general contractor and Manhard Consulting is the civil engineer. Colliers is marketing the property for lease. Building IV at Park 94 will span 226,148 square feet in Mt. Pleasant, Wis. HSA completed its first phase of the industrial park in 2009. Scheduled for completion in July 2023, the new building will feature a clear height of 36 feet, 52 truck docks, two drive-in doors and parking for 37 trailers and 286 cars. CBRE is marketing the building for lease. HSA also broke ground on the first of three planned buildings at Bristol Highlands Commerce Center West in Kenosha, Wis. The developer is scheduled to deliver the 550,647-square-foot warehouse …

November 22, 2022

Development Midwest Multifamily Student Housing Wisconsin

CRG Buys Land Near University of Wisconsin-Madison, Plans 534-Bed Student Housing Development

by Kristin Harlow November 22, 2022

MADISON, WIS. — CRG has purchased a land site near the University of Wisconsin-Madison campus with plans to build a 534-bed student housing project named Chapter at Madison. Construction is expected to begin in December on the 10-story building. Completion is slated prior to the 2024-2025 academic year. Amenities will include a fitness center, private study spaces and conference rooms, a rooftop terrace and underground parking garage. The site is currently home to the former Buckingham’s Bar & Grill, Faith Community Bible Church, the former Fraboni’s Italian Specialties and Delicatessen and two rental houses. All the buildings have been acquired and are slated for demolition. Financing comes from Old National Bank, Johnson Bank and Bremer Bank.

November 22, 2022

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