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Nebraska

DevelopmentHospitalityMidwestNebraska

Midas Hospitality Develops 102-Room Hotel Near Casino, Racetrack in Nebraska

by Kristin Harlow

COLUMBUS, NEB. — Midas Hospitality has developed a dual-branded hotel featuring Fairfield Inn & Suites and Townplace Suites near Harrah’s Racing and Casino in Columbus, a city in eastern Nebraska. The four-story property is under the Marriott umbrella. Locally based Foreman Lumber built the project, which caters to short-term and long-term stays with the 54-room Fairfield Inn & Suites and the Townplace Suites, which offers 48 extended-stay rooms. Amenities include a fitness center, pool, flex space, outdoor patio, meeting room and complimentary breakfast. The casino and horse racing venue came about following the passage of three Nebraska constitutional amendments in 2020, which legalized casino gambling adjacent to horse racing venues in the state.

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AcquisitionsMidwestNebraskaRetail

Marcus & Millichap Negotiates $7.5M Sale of Old Mill Centre Retail Property in Omaha

by Kristin Harlow

OMAHA, NEB. — Marcus & Millichap has negotiated the $7.5 million sale of Old Mill Centre, a 21-suite retail strip property in Omaha. The center totals 75,089 square feet across four buildings on 6.1 acres at 10888 W. Dodge Road. The asset was 67 percent occupied at the time of sale and anchored by the Social Security Administration, which recently signed a 15-year lease renewal through 2036. The tenant mix includes medical and service retailers with eight vacant suites. Chris Garavaglia, Alex Perez and Dave Saverin of Marcus & Millichap represented the seller, a private individual out of California, and procured the buyer, a local value-add investment group.

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AcquisitionsMidwestMultifamilyNebraskaSeniors Housing

NHI Acquires Six-Property Seniors Housing Portfolio in Nebraska for $63.5M

by Kristin Harlow

NEBRASKA — National Health Investors Inc. (NHI) has acquired a portfolio of six Agemark memory care communities located in Nebraska for $63.5 million. The seller, Agemark Senior Living, will continue to operate the properties, which total 205 units, on a 15-year master lease with two five-year renewal options. Agemark operates the communities under the CountryHouse brand, which was established in 1997 exclusively for residents requiring personalized memory care.

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DevelopmentMidwestNebraskaOffice

Darland Completes Construction of Office Remodel for DMSi Software in Omaha

by Kristin Harlow

OMAHA, NEB. — Darland Construction Co. has completed an office remodel for DMSi Software in Omaha. The project included the removal of a section of the upper floor, creating an open, two-story area with a “floating” conference room. Darland constructed a large, custom staircase to anchor the two spaces. The project also included a large work café with various seating options, interactive games and beer taps. The lobby features a 154-square-foot fabric light fixture. Avant Architects was the project architect. DMSi serves the building products industry.

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DevelopmentMidwestNebraskaRetail

Kraus-Anderson Completes Construction of $127.6M WarHorse Casino in Omaha

by Kristin Harlow

OMAHA, NEB. — Kraus-Anderson (KA) has completed construction of the WarHorse Casino, a $127.6 million gaming facility located at 6303 Q St. in Omaha. WarHorse Gaming LLC, which will manage and operate the expansion of casino gaming, is a division of Ho-Chunk Inc., the economic development corporation of the Winnebago Tribe of Nebraska. I-5 Design was the architect. KA completed construction in two phases. The first phase included a 46,376-square-foot remodel of the existing building and a 247,529-square-foot, four-story parking garage. Phase II includes a 63,365-square-foot, two-story expansion and sky bridge connecting the casino and parking garage. A grand opening is scheduled for Thursday, May 8. The casino features approximately 1,300 slots and 20 table games, of which more than 800 were included in the first phase.

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DevelopmentMidwestNebraskaRetail

Lockwood Construction Breaks Ground on 13,598 SF Primrose School of Elkhorn in Nebraska

by Kristin Harlow

ELKHORN, NEB. — Lockwood Construction has broken ground on Primrose School’s new location in Elkhorn. The 13,598-square-foot project marks the third Primrose School built by Lockwood, and the fourth Primrose School within the Omaha metro area. The Elkhorn facility will feature classrooms, outdoor play areas and learning spaces designed to foster early childhood development. The school, which is slated to open in November, is locally owned and operated by Cole and Katie Stichler.

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DevelopmentMidwestNebraskaRetail

$31M Sandhills Global Youth Complex Opens in Lincoln, Nebraska

by Kristin Harlow

LINCOLN, NEB. — The Sandhills Global Youth Complex, a $31 million youth sports complex, has opened in Lincoln. The all-turfed complex will host local, regional and national baseball and softball tournaments and is home to Nebraska Wesleyan University’s baseball and softball games. The facility will also provide local youth baseball and softball instruction and programming and will serve as the home of Homer’s Heroes, a division of Lincoln Youth Baseball for boys and girls with physical and intellectual disabilities. Sandhills Global Youth Complex is estimated to produce upwards of $15 million to $20 million in economic impact for the Lincoln community. The complex is made possible through a public-private effort that includes the City of Lincoln, Lancaster County, West Haymarket JPA and a number of private sector funders. The project is situated near the Haymarket District, Lincoln’s hotel and entertainment epicenter.

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AcquisitionsMidwestNebraskaRetail

Marcus & Millichap Brokers $2.4M Sale of Retail Strip Center in Omaha

by Kristin Harlow

OMAHA, NEB. — Marcus & Millichap has brokered the $2.4 million sale of Stonegate Plaza, a five-suite retail strip center in Omaha. The 13,648-square-foot, fully leased center is anchored by Sherwin-Williams, which has been a tenant for more than 20 years. Austin Sweet, Chris Garavaglia and Alex Perez of Marcus & Millichap represented the seller, a North Dakota-based investment group. A local investor was the buyer.

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Build-to-RentDevelopmentMidwestNebraskaSingle-Family Rental

Stark Enterprises Breaks Ground on 244-Unit Build-to-Rent Community in Gretna, Nebraska

by Kristin Harlow

GRETNA, NEB. — Stark Enterprises, in partnership with Stark Living and Arbor Construction, has received construction financing for its latest build-to-rent development, Teal Ridge Village in Gretna near Omaha. Stark Enterprises will now break ground on the project, which will include 244 homes on a 43.7-acre site. Amenities will include a fitness center, clubhouse, pool, dog park, playground, sports simulator and bocce court. The property will be operated by Stark Living, the residential management arm of Stark Enterprises. Stark’s construction arm, Arbor Construction, is slated to complete the project in summer 2027. Stark has now expanded into its ninth state overall and third state within its build-to-rent platform.

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AcquisitionsMidwestMultifamilyNebraska

Eastham Capital, Bender Cos. Acquire 258-Unit Multifamily Community in Omaha

by Kristin Harlow

OMAHA, NEB. — A joint venture between Eastham Capital and Bender Cos. has acquired The Colonial, a 258-unit apartment community in Omaha. Eastham obtained a majority ownership in the deal through its current fund, Eastham Capital Fund VI LP. Bender, which has co-invested and partnered with Eastham on multiple projects, will oversee the day-to-day management. Parker Stewart and Alex Malzone of Northmarq brokered the sale. The Colonial is currently 95 percent occupied with average rents of just over $961 per month. the acquisition includes a renovation budget of $1.9 million, which will include interior unit renovations and exterior upgrades such as roof replacements, balcony repairs and parking lot enhancements. Built in 1967, the property features floor plans averaging 902 square feet. Amenities include an outdoor pool, community room, laundry facilities and storage lockers.

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