Monday, June 29, 2026
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DevelopmentIllinoisMidwestMultifamily

Joint Venture Opens 248-Unit Saint Grand Luxury Apartment Complex in Chicago

by Kristin Harlow

CHICAGO — A joint venture between Mavrek Development, Double Eagle Development, Luxury Living and GW Properties has opened The Saint Grand, a 248-unit luxury apartment complex in Chicago’s Streeterville neighborhood. In addition to the apartment units, the project includes 45,000 square feet of office space and 8,000 square feet of street-level retail space. The first residents began moving in last month. Amenities include a fitness center, coworking spaces, lounges and a rooftop pool deck that is scheduled to open in May. The project team included architecture firm NORR, general contractor Lendlease and interior designer Harken Interiors. Cushman & Wakefield is handling residential and commercial property management.

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DevelopmentMidwestMissouriMultifamilySeniors Housing

New Perspective Nears Completion of Senior Living Community in Weldon Spring, Missouri

by Kristin Harlow

WELDON SPRING, MO. — New Perspective is nearing completion of a new senior living community in Weldon Spring, about 30 miles west of St. Louis. A leasing office is now open at the property, which is scheduled for completion this summer. The community will offer independent living, assisted living and memory care services. The number of units was not provided.

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Leasing ActivityMidwestMissouriOffice

NISA Investment Advisors Opens 95,000 SF Headquarters Office in St. Louis

by Kristin Harlow

ST. LOUIS — NISA Investment Advisors LLC, an independent and employee-owned firm, has opened a new headquarters office in St. Louis. The 95,000-square-foot office is located at 7676 Forsyth Blvd. and represents an approximate 20 percent increase in square footage over the firm’s prior location. NISA, which was founded in St. Louis 30 years ago, currently has more than 390 employees and manages $526 billion in assets.

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MidwestMultifamilyOhioSeniors Housing

UCHM to Manage Two Seniors Housing Properties in Columbus, Ohio

by Kristin Harlow

COLUMBUS, OHIO — United Church Homes Management (UCHM) will manage two seniors housing properties in Columbus. Alongside its current management of Wexner Heritage Village, UCHM will now provide management services for Bexley Heritage Apartments and Village Shalom Apartments. UCHM, an affiliate of United Church Homes, is headquartered in Marion, Ohio, and operates more than 90 senior living communities.

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Leasing ActivityMichiganMidwestRetail

World Custom Alterations to Relocate Shop to 1,500 SF Space in South Lyon, Michigan

by Kristin Harlow

SOUTH LYON, MICH. — World Custom Alterations is relocating its shop from Northville to downtown South Lyon, about 16 miles northeast of Ann Arbor. The tenant has leased a 1,500-square-foot space on West Lake Street. Michael Murphy of Gerdom Realty & Investment represented the undisclosed landlord.

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AcquisitionsMultifamilyNew YorkNortheast

Fetner Properties Sells Interest in 45-Story Apartment Tower in Manhattan

by Taylor Williams

NEW YORK CITY — Locally based development and investment firm Fetner Properties has sold its remaining interest in The Victory, a 45-story apartment tower located at 561 10th Ave. in Manhattan’s Hell’s Kitchen neighborhood. The percentage and sales price were not disclosed. The building houses 417 units in studio, one- and two-bedroom formats and 12,000 square feet of commercial space. Empire State Realty Trust (NYSE: ESRT), which previously bought a majority stake in The Victory in late 2021, now owns the building outright. 

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DevelopmentIndustrialMassachusettsNortheast

WinStanley, NorthPoint to Develop 524,000 SF Industrial Project in Westfield, Massachusetts

by Taylor Williams

WESTFIELD, MASS. — A partnership between two developers, Massachusetts-based WinStanley Enterprises and Kansas City-based NorthPoint Development, will build a 524,000-square-foot industrial project in Westfield, located outside of Springfield in the western part of Massachusetts. The 126-acre site of the project, which will be known as Falcon Landing, is adjacent to Westfield-Barnes Regional Airport and can support parking for 362 cars and 322 trailers. Infrastructural improvements to the site are underway, and a precise construction timeline is still being finalized.

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Caro-Tuscan-Village
DevelopmentMultifamilyNew HampshireNortheast

Dolben Co. Completes 260-Unit Multifamily Project at Tuscan Village in Salem, New Hampshire

by Taylor Williams

SALEM, N.H. — Regional developer The Dolben Co. has completed Caro Tuscan Village, a 260-unit multifamily project in Salem, New Hampshire. The site spans 7.7 acres within Tuscan Village, a mixed-use destination that is a redevelopment of the former Rockingham Park horseracing complex. Units come in studio, one-, two- and three-bedroom floor plans, and amenities include a pool, fitness center, conference room, clubroom and outdoor grilling and dining stations. Boston-based HDS Architecture designed the project, and Pilot Construction served as the general contractor.

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SpringHill-Suites-by-Marriott-Voorhees
AcquisitionsHospitalityNew JerseyNortheast

JLL Arranges Sale of 117-Room Marriott-Branded Hotel Near Philadelphia

by Taylor Williams

MOUNT LAUREL, N.J. — JLL has arranged the sale of a 117-room, Marriott-branded hotel located outside of Philadelphia in Mount Laurel. The SpringHill Suites by Marriott Voorhees Mt. Laurel/Cherry Hill hotel is a four-story building that offers amenities such as a pool, fitness center, business center and 375 square feet of meeting and event space. Ketan Patel, Phil White and Vasilis Halakos of JLL represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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Leasing ActivityNew JerseyNortheastOffice

Vatech America Signs 16,262 SF Office Lease in Teaneck, New Jersey

by Taylor Williams

TEANECK, N.J. — Vatech America, a manufacturer of dental imaging equipment, has signed a 16,262-square-foot office lease in the Northern New Jersey community of Teaneck. The space is located within the 670,000-square-foot, four-building Glenpointe mixed-use campus. Jeff Schotz, Peter Rossi, Dan Reider, Peter Kasparian and David Simson of Newmark represented the landlord, Alfred Sanzari Enterprises, in the lease negotiations. Harlan Hollander of Savills represented the tenant.

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