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Adept-Ontario-CA
CaliforniaDevelopmentLoansMixed-UseMultifamilyRetailWestern

Adept Urban Development Receives $107M in Construction Financing for Mixed-Use Project in Ontario, California

by Amy Works

ONTARIO, CALIF. — Adept Urban Development has obtained $107 million in financing for the construction of Adept Ontario, a master-planned, mixed-use development at 4117 E. Concours St. in Ontario. Situated adjacent to Toyota Arena, the first phase of Adept Ontario will include 384 multifamily units and 26,000 square feet of retail space, as well as several digital media signs. Stefen Chraghchian of Marcus & Millichap Capital Corp. secured the financing with Affinius Capital and Bank OZK on behalf of the developer.

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Arts-Plaza-Apts-Gresham-OR
DevelopmentMultifamilyOregonWestern

Gibbins Kaplan Development, Capstone Partners Complete 97-Unit Arts Plaza Apartments in Gresham, Oregon

by Amy Works

GRESHAM, ORE. — Gibbin Kaplan Development and Capstone Partners have completed the construction of Arts Plaza Apartments, a four-story multifamily property at 492 NE Second St. in Gresham. The $26 million community offers 20 studios, 48 one-bedroom units, 21 two-bedroom floor plans, three three-bedroom units and five live/work units, all ranging from 442 square feet to 1,172 square feet. The 82,000-square-foot property offers 950 square feet of ground-floor retail space, which is occupied by Autumn Coffee Roasting, as well as a rooftop terrace, fitness studio, resident courtyard, barbecue area and fire pit, and a 20-foot mural by Wesi Murals (Christian Téllez) and Portland, Ore.-based Wonderfolk. The project team included Team Construction and MWA Architects. CloudTen Residential is handling leasing and management of the property.

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BeiGene-Hopewell
DevelopmentLife SciencesNew JerseyNortheast

BeiGene Opens 400,000 SF Life Sciences Facility in Hopewell, New Jersey

by Taylor Williams

HOPEWELL, N.J. — BeiGene, a global biotech firm that develops cancer medicines, has opened a 400,000-square-foot life sciences facility in Hopewell, a suburb of Trenton. The manufacturing and research facility is situated on a 42-acre site within the Princeton West Innovation Campus that was previously home to pharmaceutical giant Bristol Myers Squibb. Lincoln Equities Group owns Princeton West Innovation Campus. Philadelphia-based architecture firm Meyer designed the project, and other partners included Integrated Project Services, Mainstay Engineering Group, Van Note-Harvey Associates and DPR Construction. The project was announced in late 2021, and construction topped out in spring 2023.

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DevelopmentKansasLife SciencesMidwest

JE Dunn, Hutton Break Ground on $172.5M Wichita Biomedical Campus in Kansas

by Kristin Harlow

WICHITA, KAN. — General contractor partners JE Dunn and Hutton have broken ground on the Wichita Biomedical Campus (WBC), a $172.5 million project rising eight stories and totaling 350,000 square feet in Wichita. The development marks a partnership among Wichita State University (WSU), The University of Kansas (KU) and WSU Tech. The consortium of schools enlisted the design team of Kansas City-based Helix Architecture + Design and Los Angeles-based CO Architects for the interdisciplinary healthcare education destination that will combine several programs into one location. WSU’s College of Health Professions and Speech-Language-Hearing Clinic, WSU Tech’s nursing and surgical tech programs and the Wichita campuses of KU School of Medicine and KU School of Pharmacy will collocate at the new campus. Completion of the WBC is slated for 2026. A street-facing, three-story pavilion will house three 80-seat classrooms and will easily convert into an events venue. A portion of the pavilion’s roof will be an outdoor terrace. Inside, shared learning spaces will include advanced laboratories and simulation rooms for hands-on training. The building is designed to accommodate approximately 3,000 students and 200 faculty and staff. The project team also includes mechanical, electrical and plumbing engineer Henderson Engineers, structural engineer KPFF, civil …

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DevelopmentIllinoisMidwestRetail

Nicholas & Associates Nears Completion of $34.5M Indoor Ice Arena in Rosemont, Illinois

by Kristin Harlow

ROSEMONT, ILL. — Nicholas & Associates is nearing completion of its new $34.5 million indoor ice arena in the Chicago suburb of Rosemont. With precast concrete up and joists and roof decking installed, the building’s shell is 95 percent finished. Construction is on track for an August 2025 opening. Located on 3 acres north of Allstate Arena, the 103,000-square-foot arena will offer ice time for youth hockey groups and figure skating, evening ice time for adult hockey leagues and exclusive daytime use by the Chicago Wolves professional hockey team, which currently practices in Hoffman Estates and plays games at Allstate Arena. Designed by architectural firm ARCON Associates Inc., the project will feature a family-friendly mezzanine-level restaurant, bar with viewing area overlooking both rinks, grab-and-go concept and a physical therapy clinic and gym. The arena will be operated by the Nicholas Family of Cos.’ Spectate Group, which also manages Nicholas Sportsplex, an indoor-outdoor sports complex in Mount Prospect. Spectate Group will pay the Village of Rosemont an annual licensing fee to operate and manage the year-round facility. Under the agreement, both parties will be able to sell naming rights and sponsorships inside and outside the building.

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DevelopmentGeorgiaIndustrialSoutheast

Southwire to Open 1.2 MSF Distribution Center in Bremen, Georgia

by John Nelson

BREMEN, GA. — Southwire plans to open a new 1.2 million-square-foot distribution center in Bremen, located 45 miles west of Atlanta via I-20. The new center will combine operations with three existing distribution sites in Villa Rica, Ga., serving as a centralized distribution center for customers across the organization. Upon completion, the center will rank as one of Southwire’s largest facilities for its distribution and shipping operations in the West Georgia region. The facility is scheduled to be completed by the third quarter of 2026. Southwire opened its most recent distribution center in the Dallas-Fort Worth area in August 2024.

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Chandler-Freeways-Biz-Park-Chandler-AZ
ArizonaDevelopmentIndustrialWestern

Ryan Cos., Alidade Capital Break Ground on Chandler Freeways Business Park in Arizona

by Amy Works

CHANDLER, ARIZ. — A joint venture between Ryan Cos. and Alidade Capital has closed financing and broken ground on Chandler Freeways Business Park, located southeast of Loop 202 and Interstate 10 in Chandler. The project includes converting a former office building, which was originally built by Ryan Cos. in 2003, into an 87,600-square-foot, single-story Class A industrial building, and constructing a 102,875-square-foot Class A industrial building. Chandler Freeways Business Park will feature full concrete truck courts, reinforced speed bays, speculative office suites, warehouse lighting, the capacity for high power, a total of 26 dock-high doors and 301 vehicle parking stalls. Butler Design Group is the architect of record. Mark Krison, Luke Krison and Armand Doost of CBRE are marketing the project for lease.

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ColoradoDevelopmentLoansMultifamilySeniors HousingWestern

Colliers Mortgage Provides $19.3M HUD-Insured Loan for Seniors Housing Project in Erie, Colorado

by Amy Works

ERIE, COLO. — The Minneapolis office of Colliers Mortgage has provided a $19.3 million HUD 213 loan for the construction of Village Cooperative of Erie, an age-restricted cooperative residential property in Erie. The borrower is Village Cooperative of Erie. The property will feature 64 one-, two- and two-bedroom plus den units with stainless steel appliances, nine-foot ceilings and in-unit washers/dryers. Community amenities will include underground heated parking, a fitness center, community room with serving kitchen and private meeting room, hobby room, parcel/mail room, on-site management, an elevator, community deck and garden plots.

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Escondido-Logistics-Center-Escondido-CA
CaliforniaDevelopmentIndustrialWestern

RAF Pacifica Group Completes 146,000 SF Industrial Complex in Escondido, California

by Amy Works

ESCONDIDO, CALIF. — RAF Pacifica Group (RPG) has completed the development of Escondido Logistics Center, located at lots 10-18 within Escondido Technology and Research Park. The $60 million, 146,000-square-foot project includes two free-standing buildings featuring 28-foot clearances, heavy power and above-standard loading positions. San Diego Water Authority, represented by Colliers, acquired the 88,000-square-foot building upon completion of the project. The 58,000-square-foot building is being marketed for lease or sale by Aric Stark and Drew Dodds of Cushman & Wakefield.

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CivicDevelopmentTexas

Linbeck Completes $25M Lower School for Fort Worth Country Day

by Taylor Williams

FORT WORTH, TEXAS — Locally based general contractor Linbeck Group has completed the $25 million Annie Richardson Bass Lower School at the 104-acre campus of private school Fort Worth Country Day. The 32,720-square-foot building can support about 325 students in grades first through fourth. Academic facilities include a library, two science labs, breakout study rooms and administrative offices for support counselors and healthcare personnel, as well as outdoor learning areas. San Antonio-based Lake|Flato Architects designed the project, and Dallas-based Hocker Design provided landscape architecture services. Construction began in early 2024.

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