DALLAS — Harbert South Bay has broken ground on The Marianne on Inwood, a 162-unit seniors housing project in Dallas. The site is adjacent to the Highland Park area, and the 294,000-square-foot facility will offer independent living, assisted living and memory care residences. Amenities will include multiple dining venues, indoor and outdoor pools, a gym, hair salon, media lounge and a golf simulator. Project partners include Arcadis (architect), Bozzuto Construction (general contractor) and Momentum Senior Living (operator). Completion is scheduled for 2027.
HALTOM CITY, TEXAS — Creation, a developer with offices in Dallas and Phoenix, has completed Triad 820, a three-building, 137,000-square-foot industrial project in Haltom City, a northern suburb of Fort Worth. The development features 28-foot clear heights, 125-foot truck court depths, electrical vehicle charging stations and a secured yard. LGE Design Build handled the architectural and general contracting aspects of the project. NAI Robert Lynn is the leasing agent. Construction began in early 2025.
MARBLE FALLS, TEXAS — Rockspring is nearing completion of an 81-room Home2 Suites by Hilton hotel, as well as a Rodeo neighborhood convenience store and service station, in Marble Falls, about 50 miles northwest of Austin. Both properties are located within the Texas-based developer’s Panther Hollow Village mixed-use development. In addition, as part of the latest expansionary phase, Learning Path Childcare and Llano National Bank both recently opened branches at Panther Hollow Village.
DALLAS — VMG Health, a healthcare consulting firm, has signed a 30,203-square-foot office lease in downtown Dallas. The space is located within One Victory Park, a 20-story, 435,606-square-foot building. Matt Schendle and Carrie Halbrooks of Cushman & Wakefield represented the landlord, Clarion Partners, in the lease negotiations. The tenant representative was not disclosed.
BEVERLY HILLS, CALIF. — Marcus & Millichap Capital Corp. (MMCC) has arranged $85 million in construction financing for the development of a 297,771-square-foot mixed-use property at 55 N. La Cienega Blvd. in Beverly Hills. Sharone Sabar of MMCC arranged the financing on behalf of a private investor through a national banking institution. The four-year construction loan was structured at 65 percent loan-to-cost. The six-story property will features 140 multifamily residences and 13,303 square feet of ground-floor retail space. The project will include a three-level subterranean parking structure with 177 spaces, extensive community gathering areas, a restaurant and bar, a coffee shop, recreation lounge, theater, wet and dry saunas, conference facilities, private workspaces and a communal kitchen, as well as a rooftop deck with a resort-style pool. Eleven units will be designated for low-income households and an additional 11 units for moderate-income households.
SALT LAKE CITY — Hamilton Partners and Bow River Capital have received $44.2 million in refinancing for Hamilton Logistics Center, a 474,600-square-foot Class A industrial asset at 8080 W. 1400 North in Salt Lake City. Chris Gandy, Jack Safford and Todd Torok of JLL Capital Markets arranged the floating-rate, five-year loan for the borrowers through a national insurance company. Completed in 2023, Hamilton Logistics Center features cross-dock industrial space with 36-foot clear heights, 56 dock-high doors, two drive-in doors and a 2,800-square-foot move-in ready speculative office space. Situated on 33.4 acres, the site includes 244 parking stalls and 156 trailer stalls on paved, illuminated land. The asset serves logistics and distribution users with access to the Wasatch Front’s labor pool of more than 1.2 million residents.
SCOTTSDALE, ARIZ. — Quarterra has completed the sale of Residences Kierland, a 290-unit apartment property in North Scottsdale, to MacNaughton for an undisclosed price. Asher Gunter, Matt Pesch and Austin Groen of CBRE represented the seller in the transaction. Bruce Francis, Doug Birrell, Bob Ybarra, Shaun Moothart and Nick Santangelo of CBRE’s Debt & Structured Finance arranged the debt financing on behalf of the buyer. Completed in 2022, Residences Kierland features one- and two-bedroom floor plans with gourmet kitchens with quartz countertops, a GE Café appliance package, wine fridges, vinyl plank flooring, illuminated bathroom mirrors and smart lock keyless entry systems. Additionally, the property features seven two-story townhomes, each averaging 2,000 square feet, with direct access and a two-car garage. Community amenities include an elevated pool deck with private cabanas, bike room, pet spa with a full washing station, electric car chargers, 24-hour fitness center and a yoga studio. Residences Kierland also features The Retreat, a full-service spa. The Retreat includes heated lounges for relaxation, a nail salon, individual massage rooms, a sauna and steam room with aroma-infused oils, cool-mist room, salt therapy room and hot and cool pools in a secluded outdoor space.
ISSAQUAH, WASH. — Co-developers PMB and The Springs Living have broken ground on a 225-unit senior living community in Issaquah, roughly 20 miles southeast of Seattle. Makenzie and GBD Architects designed the project, and Exxel Pacific is serving as the general contractor. Harrison Street Asset Management, Huntington National Bank, BOK, MVB, First National Bank Alaska and Northwest Bank are providing financing. Upon completion, The Springs Living at Issaquah Highlands will span 329,250 square feet. Units will include 114 independent living, 84 assisted living and 27 memory care apartments. The community is scheduled to open in late 2028. This marks the second co-development between The Springs Living and PMB.
NEW HAVEN, CONN. — Winchester Partners, which is a joint venture between an affiliate of L+M Development and Twining Properties, has completed The Winston, a 283-unit mixed-income apartment building in New Haven. The Winston is part of the initial phase of Science Park, a $92.5 million redevelopment of the former Winchester Repeating Arms Co. factory complex, which closed in 1981. Units range from studios to three-bedrooms, and roughly 20 percent (57 residences) are designated as affordable housing for renters earning 50 percent or less of the area median income. The five-story building also houses 12,800 square feet of retail space and amenities such as a pool, fitness center with a yoga studio, coworking space and a resident library. Beinfield Architecture designed the building, construction of which was financed by The Urban Investment Group at Goldman Sachs Alternatives and KeyBank.
SOMERSET, N.J. — Locally based brokerage firm NAI DiLeo-Bram has arranged the $4.7 million sale of a 20,269-square-foot industrial building in the Northern New Jersey community of Somerset. The building sits on a 3-acre site at 85 Commerce Drive and features a clear height of 19 feet. Kyle Gerace, Chris Chiusolo and Sweemit Goswami of NAI DiLeo-Bram represented the buyer, Approved Fire Protection, in the transaction. The seller was PepsiCo Inc./Frito Lay.
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