Friday, January 30, 2026
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Frisco-Railhead
DevelopmentMultifamilyTexas

JPI Completes Two Apartment Communities Totaling 903 Units Within Frisco Mixed-Use Development

by Taylor Williams

FRISCO, TEXAS — Locally based developer JPI has completed Jefferson Railhead and Jefferson Parkhouse, two apartment communities totaling 903 units in Frisco, located north of Dallas. The projects represent the first and second multifamily phases of Frisco Railhead, a $3 billion mixed-use development. Jefferson Railhead offers studio-, one- and two-bedroom units that are now 60 percent occupied. Jefferson Parkhouse offers similar floor plans, as well as three-bedroom units, and is now 17 percent occupied. Amenities at both properties include pools with cabanas and sundecks, fitness centers and coworking lounges with private conference and whisper rooms. Frisco Railhead will ultimately comprise 1,300 multifamily units, a 17-story hotel with condominiums on the top two floors, 36,000 square feet of retail space, a 1.5 million-square-foot office campus and a 5-acre central park. 

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DevelopmentMixed-UseSouth CarolinaSoutheast

HIC Land Breaks Ground on $300M Master-Planned Development in Hardeeville, South Carolina

by John Nelson

HARDEEVILLE, S.C. — HIC Land has begun construction on Carolina Station, a $300 million master-planned development in Hardeeville, about 17 miles north of Savannah, Ga. Situated along U.S. Highway 278, the project will span 2,600 acres in the state’s Lowcountry region. HIC Land, which originally acquired the historic Morgan tract for $36 million, has partnered with homebuilder D.R. Horton for the development of an undisclosed number of single-family homes within the campus. Carolina Station will also feature more than 650 multifamily units and 95 acres of commercial space, including shops, restaurants and service retailers. D.R. Horton has committed to invest $8 million to improve the intersection at U.S. Highway 278 and John Smith Road as part of the Carolina Station master plan. The construction timeline of the multi-phase development was not released.

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DevelopmentRetailSoutheastVirginia

IKEA to Open 110,000 SF Store in Chantilly, Retailer’s Third Location in Virginia

by John Nelson

CHANTILLY, VA. — IKEA U.S. has announced plans to open a nearly 110,000-square-foot store in Chantilly, making it the Swedish retailer’s third location in Virginia. Set to open in spring 2026, the new store will be located at 4320 Chantilly Shopping Center Drive, about 28 miles west of Washington, D.C. IKEA says that the store will feature its popular fully furnished room settings and display more than 7,700 products, with more than 4,400 products available for immediate takeaway, including home furnishing accessories and approximately 500 smaller furniture items. The store will also offer free in-store pick-up for online orders, as well as its famous in-store restaurant and a central planning area where shoppers can get design consultation from an IKEA staff member. In addition to the Chantilly store, the retailer recently announced a new 93,000-square-foot IKEA store coming to Webster, Texas, as well as its second store coming to Manhattan.

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Affordable HousingFloridaLoansMultifamilySoutheast

Berkadia Provides $17.8M Agency Refinancing for Apartment Community in Miami

by John Nelson

MIAMI — Berkadia has arranged a $17.8 million Fannie Mae loan for the refinancing of RAM Miami River North, a 96-unit apartment community in the Little Havana area of Miami. The borrower, Rental Asset Management (RAM), acquired the property in 2022, the same year it was developed. Mitch Sinberg, Scott Wadler, Brad Williamson, Matt Robbins and Hugo Hernandez of Berkadia’s Miami office originated the loan on behalf of RAM, an Oakland Park, Fla.-based multifamily owner and operator. Berkadia also arranged the original acquisition loan through Amerant. Robbins of Berkadia says that RAM Miami River North qualifies for Fannie Mae’s affordability program since “almost three-quarters of the units at offer rents at 120 percent of the area median income.” Located at 590 W. Flagler St., RAM Miami River North includes one- and two-bedroom units averaging 650 square feet in size, as well as a pool, fitness center and a package service center.

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AcquisitionsIndustrialMarylandSoutheast

Marcus & Millichap Brokers $9.1M Sale of Industrial Facility in Annapolis, Maryland

by John Nelson

ANNAPOLIS, MD. — Marcus & Millichap has brokered the $9.1 million sale of an industrial facility located at 1812-1820 Margaret Ave. in Annapolis, about 30 miles east of Washington, D.C. The 41,059-square-foot, two-story facility sits on nearly 1.7 acres within the Annapolis Design District. The infill property, which was fully leased at the time of sale to six tenants, features open warehouse space with 22-foot ceiling heights, skylights and reserved parking. The facility also includes a 2,541-square-foot flex/showroom suite with a 600-square-foot office on the second level. John Faus and Bryn Merrey of Marcus & Millichap represented the seller and procured the buyer, a private investor, in the transaction. Both parties requested anonymity.

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The-Lariat-Amarillo
LoansMultifamilyTexas

Dwight Mortgage Trust Provides $53M HUD-Insured Financing for Amarillo Multifamily Project

by Taylor Williams

AMARILLO, TEXAS — Dwight Mortgage Trust, the affiliate REIT of New York City-based Dwight Capital, has provided $53 million in HUD-insured financing for construction of The Lariat, a 312-unit multifamily project that will be located in Amarillo. The Lariat will consist of 13 three-story residential buildings, a clubhouse/leasing center and six garages on a 13.5-acre site. The unit mix will comprise 186 one-bedroom apartments and 126 two-bedroom residences. Amenities will include a pool, clubhouse, outdoor courtyard and a dog park. Brandon Baksh and Tommy Ng of Dwight originated the financing through HUD’s 221(d)(4) program on behalf of the borrower, Martin Inderman Development.

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Electronic-Power-Design-Houston
IndustrialLoansTexas

CBRE Arranges Construction Financing for 144,000 SF Manufacturing Facility in Houston

by Taylor Williams

HOUSTON — CBRE has arranged an undisclosed amount of construction financing for a 144,000-square-foot manufacturing facility in Houston that will be located at 430 Lockhaven Drive on the city’s north side. The facility will be a build-to-suit for Electronic Power Design (EPD), a local producer of electrical equipment and systems that also operates a 241,481-square-foot facility next door. John Fenoglio and Brock Hudson of CBRE arranged the loan on behalf of EPD. The direct lender was not disclosed.

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Leasing ActivityRetailTexas

Vellix Adventure Opens 20,000 SF Trampoline Park in Hurst, Texas

by Taylor Williams

HURST, TEXAS — Entertainment concept Vellix Adventure has opened a 20,000-square-foot trampoline park in Hurst, located northeast of Fort Worth. The space is located within Mayfair Village shopping center and includes a ropes course and virtual reality games. Michael Williams of JLL represented Vellix Adventure in the lease negotiations. Ashley Selers of Phillips Edison & Co. represented the landlord on an internal basis.

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Leasing ActivityOfficeTexas

DCCM Signs 10,738 SF Office Lease in Uptown Houston

by Taylor Williams

HOUSTON — DCCM has signed a 10,738-square-foot office lease in Houston’s Post Oak district. The design, engineering and construction management firm has relocated its corporate headquarters to the third floor of the building at 1801 Post Oak Blvd. Greg Cizik of Colliers represented DCCM in the lease negotiations. Kristen Rabel and Nina Seyyedin of CBRE represented the undisclosed landlord.

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630-Third-Avenue-Manhattan
DevelopmentNew YorkNortheastOffice

Joint Venture to Undertake $50M Renovation of Midtown Manhattan Office Building

by Taylor Williams

NEW YORK CITY — A joint venture between Boston-based owner-operator The Davis Cos., Tribeca Investment Group (TIG) and ATCO will undertake a $50 million renovation of 630 Third Avenue, a 23-story, 261-445-square-foot office building in Midtown Manhattan. Renovations will include a full lobby remodeling, construction of a tenant amenity center and conferencing space and delivery of move-in ready office suites. Construction is set to begin in the first quarter and to last six to eight months. CBRE has been named as the leasing agent for 630 Third Avenue.

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