Property Type

EAST ALTON, ILL. — Graycor Construction Co. and Helmkamp Construction Co. have topped off the EA2030 structure, marking the culmination of the first stage in the $500 modernization and expansion of Wieland’s facility in East Alton near St. Louis. Wieland is a supplier of copper and copper alloy solutions. The multi-phase project began in June 2024. Design partners include Vestal Corp. and Salas O’Brien. The topping off marks the completion of structural steel for EA2030, the new hot rolling facility. The building will house a hot mill line, milling line, cold rolling mill, high-bay storage with automated material handling and overhead cranes, ultimately replacing the site’s original 100-year-old hot rolling facility. Merrill Steel and the United Iron Workers assisted in achieving the milestone. Work continues on the next phase of the project, which focuses on process and equipment.

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PALATINE, ILL. — ARTISAN Capital Group (ACG) has acquired Arrowhead Apartments, a 200-unit, garden-style apartment community in Palatine, a northwest suburb of Chicago. ACG partnered with Eastham Capital on the transaction, marking the firms’ fifth acquisition together. The investment marks ACG’s second acquisition in the Chicago market. Arrowhead Apartments consists of nine two- and three-story buildings with 102 one-bedroom units, 78 two-bedroom units and 20 three-bedroom residences. Amenities include a clubhouse, fitness center and dog park. ACG plans to increase value through operational efficiencies and professional investment oversight. ARTISAN Management Group, ACG’s management vertical, will oversee operations. ACG secured financing through HUD. Scott Harris of Marcus & Millichap represented the seller, a joint venture with Hispanic Housing Development Corp. as the managing partner, and procured the buyer. Forty of the units have a Housing Assistance Payments contract that runs through 2039, according to Harris.

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ST. LOUIS AND FESTUS, MO. — Sansone Group and Mia Rose Holdings LLC have created a strategic partnership to collaborate on select multifamily and mixed-use opportunities. The partnership will leverage the firms’ combined expertise in site selection, design oversight, construction management and asset performance. Festus, Mo.-based Mia Rose Holdings has delivered more than 3,000 residential units across 18 communities. St. Louis-based Sansone Group has developed more than 50 million square feet nationwide. The firms will share project-specific announcements resulting from the partnership in the near future.

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BRUNSWICK, OHIO — Commonwealth Capital LLC has acquired a net leased industrial facility in Brunswick, about 20 miles southwest of Cleveland. A subsidiary of a confidential, publicly traded company occupies the property. Located at 940 Industrial Parkway North, the build-to-suit facility was constructed in 2024 to serve as an integrated operational hub that combines showroom, office and warehouse space. The tenant provides products and installation to residential and commercial builders as well as the general public in northeast Ohio and western Pennsylvania.

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ATLANTA — Charlotte-based developer Crescent Communities has unveiled plans for 3600 Peachtree, a new mixed-use project in Atlanta’s Buckhead district. A construction timeline for the project was not announced. The 2.5-acre site is located at the corner of Peachtree and Wieuca roads, adjacent to Simon’s Phipps Plaza mall. Crescent made the announcement alongside its project partner, the Church of Wieuca, which currently occupies part of the site. Plans currently call for a 21-story, 375,000-square-foot office building and a 300-unit apartment community that will be operated under the developer’s NOVEL by Crescent Communities brand. The development will also feature street-level retail and restaurant space. Crescent also plans to introduce a comprehensive, hospitality-driven amenity program via approximately 10,000 square feet of shared indoor amenities and direct access to an elevated 19,000-square-foot landscaped outdoor terrace. Specific amenities will include conferencing and training spaces that can accommodate more than 200 attendees, as well as multiple alternative work environments and spa-like wellness and fitness facilities with locker rooms, indoor and outdoor lounges. Project partners for 3600 Peachtree include HSR Development Services (residential development),  Partners Real Estate (office leasing), Pickard Chilton (architecture) and Kimley-Horn (civil engineering). “Our focus is on creating a workplace that feels elevated …

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After nearly three years of wrestling with oversupply, Raleigh-Durham’s multifamily market stands at an inflection point that informed investors have been quietly anticipating. The numbers tell a compelling story: construction starts plummeted from around 15,000 units in 2022 to roughly 2,000 in 2024, a staggering 86 percent decline that’s creating the supply drought the market desperately needed. The timing couldn’t be more critical. With an 18-month construction timeline followed by 12 to 16 months of lease-up process, the wave of deliveries from those record 2022 starts peaked in early-to-mid-2025. What comes next is perhaps the most interesting chapter in the Triangle’s multifamily story since our record rent jumps of 2021. Mathematics of recovery The construction cycle’s predictable timeline creates a unique visibility into market dynamics that astute capital allocators are already pricing in. The minimal 2024 starts are translating directly into minimal deliveries stretching from late 2025 through 2028 and beyond, which is essentially a three-year window of supply constraint that stands in stark contrast to the flood of new inventory and increased concessions that plagued 2023 to 2025. Meanwhile, demand fundamentals remain exceptionally strong. Gross absorption hit approximately 11,000 units in 2024 and is tracking toward another 10,000 (estimated) …

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IAC-Pleasant-Run-Lancaster

LANCASTER, TEXAS — Developer IAC Properties has broken ground on a 727,080-square-foot industrial project in Lancaster, a southern suburb of Dallas. Known as IAC Pleasant Run, the 52.8-acre development will consist of two buildings that will span 457,646 and 269,434 square feet. The buildings will be situated on a total of 47 acres, and the remaining acreage will be devoted to a detention pond. Combined, the buildings will offer 7,941 square feet of office space, 127 dock doors, four drive-in doors and parking for 532 cars and 201 trailers. Ware Malcomb is the project architect, and Krusinski Construction Co. is the general contractor. Kimley-Horn is the civil engineer and landscape architect. Construction is expected to be complete early next year.

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HOUSTON — Brazos Presbyterian Homes Holding Inc., a nonprofit owner-operator, will develop a 21-story seniors housing building in the Uptown area of Houston. Known as Uptown Oaks at The Hallmark, the project represents an expansion of The Hallmark, a senior living community that first opened in 1972. The new building will feature 120 independent living units that will range in size from 1,250 to 3,000 square feet. Amenities will include a wellness center with a yoga studio and massage area, dining venues, an art and hobby studio, café, movie theater and a pool. PRDG Architecture designed the building. Construction is expected to begin in 2027, with occupancy starting in 2030.

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ENNIS, TEXAS — Marcus & Millichap has brokered the sale of The Willows, an 84-unit apartment building in Ennis, about 40 miles south of Dallas. The Willows was built on a 3.8-acre site in 1985 and offers studio, one- and two-bedroom units. Matt Aslan and Bard Hoover of Marcus & Millichap represented the seller in the transaction. The duo also collaborated with Marcus & Millichap’s Nick Fluellen to procure the buyer. Both parties requested anonymity.

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DALLAS — Weil, Gotshal & Manges LLP has signed a 69,000-square-foot office lease renewal in Uptown Dallas. The global law firm will remain a tenant at The Crescent, where it has occupied space since 1993, through 2036. Randy Cooper, Craig Wilson and Dan Harris of Stream Realty Partners represented the tenant in the lease negotiations. Tony Click and Jordyn Allen represented the landlord, Crescent Real Estate, on an internal basis.

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