Wednesday, January 28, 2026
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DevelopmentMidwestMissouriRetail

A.J. Brown Completes Construction of Indoor Padel, Pickleball Facility in Suburban St. Louis

by Kristin Harlow

OLIVETTE, MO. — A.J. Brown Inc. has completed construction of Padel + Pickle, an indoor padel and pickleball facility in the western St. Louis suburb of Olivette. The 42,116-square-foot project marks the largest indoor padel and pickleball facility in the world, according to the construction firm. A.J. Brown converted a former whiskey distillery and manufacturing facility into the championship-level property, which features six European-style padel courts and eight pickleball courts along with a bar, lounge areas, big-screen televisions, locker rooms and a pro shop. Padel + Pickle offers clinic, private lessons, leagues, court rentals, open play and tournaments for all skill levels. The project team included Linea Design Inc. and Fixture Contracting. Padel is a mix between tennis and squash.

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MichiganMidwestMultifamilyStudent Housing

Farbman Group Launches Full-Service Student Housing Platform, Campusville

by Kristin Harlow

SOUTHFIELD, MICH. — Southfield-based commercial real estate firm Farbman Group has launched Campusville, a comprehensive student housing property management, maintenance, development, construction and investment sales platform. The firm says it recognizes the need for innovative solutions to meet the changing demands of university living. Campusville’s mission is to enhance the quality of life for students by offering modern accommodations that foster a sense of community and provide convenient access to campus resources and local amenities.

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Leasing ActivityMidwestNebraskaOffice

Turner Construction Signs 6,132 SF Office Lease at Farnam Executive Center in Omaha

by Kristin Harlow

OMAHA, NEB. — Turner Construction has signed a 6,132-square-foot office lease at Farnam Executive Center in Omaha. The property, located at 10810 Farnam Drive and recently purchased by White Lotus Group, rises four stories and totals 92,242 square feet. Lease opportunities remain available for users looking for 4,000 to 79,644 square feet. Chris Mensinger, Justin Spooner and Lizzie Mensinger of Colliers represented the landlord in the lease with Turner.

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IllinoisIndustrialMarket ReportsMidwestMidwest Market Reports

Chicagoland Industrial Market Remains Resilient

by Kristin Harlow

By Noel Liston, Core Industrial Realty The 10 major submarkets that comprise the broader Chicagoland industrial market all performed at or above expectations in 2023. While absorption was not as robust as the pandemic boom that saw back-to-back record years, 2023 was a solid year for absorption and a strong year in rental growth throughout the broader market.  Significant deliveries of speculative developments were offset with solid absorption by manufacturing, assembly and food & beverage-related industries that picked up the slack left from a less enthusiastic e-commerce market. Broadly speaking, the greater Chicagoland industrial market started 2024 with a vacancy rate of ±7.3 percent. This vacancy rate is up from the low 5 percent range the market averaged for the second half of 2023.  Assuming equilibrium (a market that favors neither tenant nor landlord) for the market is historically a ±6 percent vacancy rate, the current vacancy rate can be deceiving. This is, in large part, due to the jump in vacancy as a result of the delivery of a significant amount of larger, speculative industrial developments in certain submarkets where land zoned for industrial with relatively good access to a major highway or interstate was still available.   Further, …

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DevelopmentMidwestMultifamilyOhio

Milhaus, HGI Break Ground on 359-Unit Apartment Project in Hilliard, Ohio

by Kristin Harlow

HILLIARD, OHIO — A joint venture between Milhaus and Harbor Group International (HGI) has broken ground on Tempo, a 359-unit apartment project in Hilliard, a northwest suburb of Columbus. The development is in the heart of commercial real estate firm Equity’s mixed-use development known as TruePointe, construction of which began in July 2023. Milhaus will lead development of Tempo, with HGI providing 80 percent of the common equity. Tempo will offer floor plans ranging from studios to three-bedroom units. Residents will have access to amenities such as a resort-style pool, courtyard, fitness center, sky lounge, coworking spaces, an onsite dog park, beach volleyball court and outdoor pizza kitchen. Architecture firm MA+ Design, SJL Design Group and The Kleingers Group make up the project team. First Internet Bank provided project financing. Completion is slated for spring 2026.

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DevelopmentMidwestMissouri

HDA Architects Designs Renovation Plan for 87,930 SF St. Louis Jewish Community Center Building

by Kristin Harlow

CHESTERFIELD, MO. — The St. Louis Jewish Community Center has selected HDA Architects to complete a renovation design for its Marilyn Fox Building in the St. Louis suburb of Chesterfield. Plans call for a new adult day center, locker rooms, lobby and gathering space. The gymnasium, fitness center and early childhood center, along with the building’s exterior, will also be revamped. Additional improvements will include expanded kitchen facilities, dedicated pickleball courts and infrastructure upgrades such as security and communications systems. Originally constructed in 1996, the 87,930-square-foot building previously underwent a minor renovation in 2008. Construction is slated to begin in mid-April and to be completed in the fourth quarter of 2025. ISC Contracting is the general contractor. Additional project partners include Avison Young, ODA studio, KPFF Consulting Engineers, Engenuity, Stock & Associates Consulting Engineers and Landscape Technologies.

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LoansMichiganMidwestMultifamily

Bernard Financial Group Arranges $4.8M Loan for Refinancing of Multifamily Property in Southfield, Michigan

by Kristin Harlow

SOUTHFIELD, MICH. — Bernard Financial Group (BFG) has arranged a $4.8 million loan for the refinancing of a 129-unit multifamily property in the Detroit suburb of Southfield. Dennis Bernard and Joshua Bernard of BFG arranged the loan on behalf of the borrower, Claymoor Properties LP. Securian Life Insurance Co. provided the loan, details of which were not provided.

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AcquisitionsIllinoisMidwestMultifamily

SVN Chicago Commercial Brokers $2.2M Sale of Apartment Building in Windy City’s Avondale Neighborhood

by Kristin Harlow

CHICAGO — SVN Chicago Commercial has brokered the sale of an eight-unit apartment building in the city’s Avondale neighborhood for $2.2 million. The property is located at 3110 W. Belmont Ave. and features units that average 2,000 square feet each. Paul Cawthon and Angelo Labriola of SVN represented the undisclosed seller. The buyer was based in New York.

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AcquisitionsIllinoisIndustrialMidwest

HE Equipment Buys 16,867 SF Truck Repair Facility in Fairmont City, Illinois

by Kristin Harlow

FAIRMONT CITY, ILL. — HE Equipment has purchased a 16,867-square-foot truck repair facility in Fairmont City, just east of St. Louis. The purchase price was undisclosed. The property is located at 1087 State Route 3. Brokerage firm Barber Murphy represented both the buyer and the seller, Blackhawk Express.

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Affordable HousingDevelopmentIndianaMidwestMultifamilySeniors Housing

Evergreen Real Estate Group Completes 120-Unit Affordable Assisted Living Community in Goshen, Indiana

by Kristin Harlow

GOSHEN, IND. — Evergreen Real Estate Group has completed Green Oaks of Goshen, a 120-unit assisted living community for low-income seniors in Goshen, a city in northern Indiana. Evergreen Construction Co., a division of Evergreen Real Estate Group, served as general contractor on the project, which recently welcomed its first residents and is currently 50 percent leased. Located at 282 Johnson St., the $30 million project replaces a vacant three-acre lot on the city’s north side near an existing Salvation Army building. Bourbonnais, Ill.-based Gardant Management Solutions operates the four-story community. Green Oaks of Goshen offers 49 studio and 71 one-bedroom units, all of which are reserved for seniors age 62 or older with incomes at or below 80 percent of the area median income. Amenities include a community room with kitchen, private dining room, media and theater room, computer room, fitness center, salon, library, community garden and outdoor area. The Indiana Housing and Community Development Authority authorized 4 percent Low-Income Housing Tax Credits (LIHTC) for the project. In addition, the City of Goshen issued tax-exempt bonds that were sold by Piper Sandler, providing debt financing. Affordable Housing Partners also invested in the project, providing LIHTC equity.

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