Tuesday, July 14, 2026
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DevelopmentIndustrialMidwestMissouri

Contegra Completes First Building at $117M River Valley Logistics Center in Metro St. Louis

by Kristin Harlow

MARYLAND HEIGHTS, MO. — Contegra Construction has completed the first of three planned distribution centers at the $117 million River Valley Logistics Center in Maryland Heights, a northwest suburb of St. Louis. NorthPoint Development is the developer. The first building totals 357,056 square feet. Two more distribution centers totaling nearly 800,000 square feet are also planned for the 94-acre development. The first building can accommodate a single user or multiple tenants and features a clear height of 36 feet, high bay windows, 40 dock doors, LED lighting and parking for 259 cars and 98 trailers. Sansone Group is handling leasing.

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AcquisitionsMidwestMultifamilySeniors HousingWisconsin

Marcus & Millichap Brokers $9.5M Sale of Skilled Nursing Facility in Merrill, Wisconsin

by Kristin Harlow

MERRILL, WIS. — Marcus & Millichap has brokered the $9.5 million sale of Pine Crest Nursing Home facility in Merrill, a city in central Wisconsin. The 120-bed property is located at 2100 E. 6th St. Operated by North Central Health Care, the facility features 117 units, including 105 private rooms and 15 semi-private rooms. The asset has served the area for nearly 70 years with several phases of construction, including the recent addition of a memory care unit, rehabilitation center and special care units. Ray Giannini of Marcus & Millichap represented the seller and procured the buyer. The property is the only skilled nursing facility in Merrill and was 70 percent occupied at the time of sale, according to Giannini.

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DevelopmentIndustrialKentuckyMichiganMidwestSoutheastTop Stories

Ford Motor Co. to Invest $5B at Manufacturing Plants in Kentucky, Michigan

by John Nelson

LOUISVILLE, KY. AND MARSHALL, MICH. — Automotive giant Ford Motor Co. (NYSE: F) will invest $2 billion at its Louisville Assembly Plant and $3 billion at its BlueOval Battery Park Michigan factory. Combined, the investment will create and secure approximately 4,000 jobs across both plants, as well as spur dozens of new U.S.-based suppliers, according to Ford. Ford’s investments will help the automaker deliver a suite of electric vehicles (EVs), beginning with a midsize, four-door electric pickup truck that will be assembled at its Louisville plant. Ford plans to launch domestic and international sales of the new trucks, which are expected to be priced starting at $30,000, in 2027. Jim Farley, president and CEO of Ford, says that the automaker will be the first in the country to make prismatic lithium iron phosphate (LFP) batteries, which are cobalt- and nickel-free and serve as the floor of the new EVs. Ford plans to begin manufacturing the new prismatic LFP batteries for the new electric truck at BlueOVal Battery Park Michigan next year. Located in Marshall, Mich., the factory is under construction, with the shell built out and mechanical, electrical and piping infrastructure underway. Ford says that the lithium LFP battery cell …

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DevelopmentIndianaMidwestMultifamilyStudent Housing

Purdue Research Foundation, ACC Open 984-Bed Student Housing Community at Purdue University

by Kristin Harlow

WEST LAFAYETTE, IND. — Purdue Research Foundation (PRF) and American Campus Communities (ACC) have opened 3rd & West, a 984-bed student housing development at Purdue University in West Lafayette. Located at the intersection of Third Street and McCormick Road, the complex rises five stories and totals 325,000 square feet. Units come in studio, one-bedroom, two-bedroom and four-bedroom configurations. Amenities include an entry plaza for community gatherings, dual courtyards, study lounges, private study rooms and a fitness center. The first students will move into the new housing at the start of the fall 2025 semester. A public-private partnership between PRF and ACC developed the project. SCB served as architect.

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DevelopmentMidwestMissouriMultifamily

Midas Hospitality, Double Eagle Development Deliver 227-Unit Luxury Apartment Complex Near St. Louis

by Kristin Harlow

ELLISVILLE, MO. — Midas Hospitality and Double Eagle Development have completed MILA Apartments, a 227-unit luxury apartment complex in the St. Louis suburb of Ellisville. The four-story project is situated on a 7-acre site at 15970 Manchester Road. MILA Apartments features eight floor plans for studio, one-, two- and three-bedroom apartments ranging in size from 552 to 1,363 square feet. Amenities include a courtyard, grills, a pool, turf lawns, bocce ball, mini golf, a fitness center, dog park and conference rooms. The property manager is 2B Residential. The project team included Rosemann & Associates as architect and MBG as general contractor. A Starbucks location fronts the property.

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Leasing ActivityMidwestMinnesotaOffice

Office Tenants Sign Leases Totaling Nearly 60,000 SF at LaSalle Plaza in Minneapolis

by Kristin Harlow

MINNEAPOLIS — Tenants have signed leases totaling nearly 60,000 square feet at LaSalle Plaza, an office tower in downtown Minneapolis. Owner Hempel Real Estate has completed $10 million of improvements and upgrades in the last 18 months. The largest new lease is with Greiner Construction, which will move from Deluxe Plaza into 20,000 square feet on the second floor of LaSalle Plaza. In addition, Interstate Parking is moving into 6,300 square feet from Canadian Pacific. Relx, a data and information consulting company, leased 5,100 square feet; and Gems, a Target vendor, is moving into a 1,700-square-foot spec suite. Additionally, four existing tenants renewed their leases. These include Centerspace (7,000 square feet), Hershey (10,000 square feet), Henkel (6,000 square feet) and PACE Loan Group. PACE moved into LaSalle Plaza in 2024 and expanded its lease by nearly 3,000 square feet, now occupying 6,500 square feet. Totaling 650,000 square feet, LaSalle Plaza offers an amenity package called The LaSalle Club, which includes an exclusive tenant lounge on the fourth floor and a fitness center with a sauna, cold plunge, fitness studio and pickleball court. The property also features a Grey Fox coffee shop; two fast-casual restaurants, Green and the Grain and Bep; …

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CivicDevelopmentMidwestMinnesota

Opus Completes $12M Aquatic Center for Saint Thomas Academy, Visitation School in Minnesota

by Kristin Harlow

MENDOTA HEIGHTS, MINN. — Opus has completed the STA/Vis Michel Family Aquatic Center in the Minneapolis suburb of Mendota Heights. The $12 million facility on the campus of Saint Thomas Academy is home to the swim and dive teams of both Saint Thomas Academy and Visitation School, which collectively have more than 40 state swim and dive championships. Chip Michel is co-chair of the capital campaign for the facility and title donor, along with his wife Mary. The Michels contributed $6 million toward the project, representing the largest gift in the history of both schools. The aquatic center received more than 1,000 donors. New Jersey-based Fabiano Designs designed the project, which involved the demolition of the previous pool in April 2024. The new 17,000-square-foot facility includes a 25-yard short course with competition pool with eight lanes, a diving board, bleacher seating for 350, an observation deck, exposed wood ceiling and new locker rooms. The center will also serve local swim clubs and Catholic Athletic Association schools. During the school day, the pool will be used for curriculum-based initiatives.

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AcquisitionsDevelopmentKansasMidwestRestaurantRetail

Block & Co. Sells Two Retail Buildings in Suburban Kansas City Slated for Redevelopment

by Kristin Harlow

MERRIAM, KAN. — Block & Co. Inc. Realtors has sold a Chipotle-occupied restaurant property and a Shell convenience store building in Merriam, a southwest suburb of Kansas City. The assets are located on the northeast quadrant of I-35 and Shawnee Mission Parkway. The two buildings were both managed and sold by a Block & Co.-headed investment group to a buyer affiliated with Drake Development to be part of a larger redevelopment project on the north side of Shawnee Mission Parkway. David Block represented the seller.

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DevelopmentMichiganMidwestMultifamilySeniors Housing

Lockwood Senior Living Opens $46M Community in Hartland, Michigan

by Kristin Harlow

HARTLAND, MICH. — Lockwood Cos. has opened Lockwood of Hartland, a 146-unit senior living community in Hartland, about 50 miles northwest of Detroit. The $46 million project offers one- and two-bedroom independent living apartments, all with private patios or balconies. Sixty-one of the units are designated as affordable housing. The property is situated on 17 wooded acres with nature trails. Amenities include chef-prepared meals, a fitness room, life enrichment programs, a barber shop, beauty salon and theater.

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DevelopmentIndustrialMichiganMidwestSelf-Storage

Inland, Devon Complete 767-Unit Self-Storage Conversion Project in Southfield, Michigan

by Kristin Harlow

SOUTHFIELD, MICH. — Inland Real Estate Investment Corp. and Devon Self Storage have completed a 77,600-square-foot self-storage facility in the Detroit suburb of Southfield. The project involved the conversion of an office building into a four-story, climate-controlled self-storage facility with 767 units, a 24-hour security system and covered loading area. The property is located at 24700 Northwestern Highway near I-696. Devon is a member of The Inland Real Estate Group of Cos. Inc.

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