Tuesday, December 16, 2025
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Valara-Henderson-NV
DevelopmentMultifamilyNevadaSeniors HousingWestern

Investcor Plans 244-Unit Luxury Senior Living Project Near Las Vegas

by Amy Works

HENDERSON, NEV. — Investcor has announced plans for a new, 244-unit luxury senior living project in Henderson, a city located roughly 15 miles southeast of Las Vegas. The City of Henderson is currently reviewing the project plans.  Upon completion, the community, dubbed Valara, will feature independent living, assisted living and memory care residences within one building. Valara will be situated adjacent to a Whole Foods within The District at Green Valley Ranch, a mixed-use development. Planned amenities at the community include a tearoom, whiskey lounge, multiple restaurants and private dining rooms, an indoor/outdoor bar, gardening programs, educational classes, a movie theater, two fitness centers, a steam room and sauna with an outdoor pool, recreation and activity programming and a pet spa.  Development and investment firm Investcor’s current portfolio totals over $1.6 billion in real estate projects across the hospitality, residential, mixed-use and senior living sectors. 

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Hilton-Richmond-The-Mondelle
DevelopmentHospitalitySoutheastVirginia

Shamin Hotels Breaks Ground on $160M Hilton-Branded Hotel, Conference Center in Richmond

by Abby Cox

RICHMOND, VA. — Virginia’s largest hotel owner and operator Shamin Hotels has broken ground on Hilton Richmond The Mondelle, a 270-room full-service hotel and conference center located in Chesterfield County. The $160 million project will anchor Springline at District 60, a $1 billion mixed-use development underway at the intersection of Midlothian Turnpike and Chippenham Parkway. The Mondelle will feature more than 30,000 square feet of meeting space, including a 12,600-square-foot grand ballroom. The 11-story hotel will also include a signature restaurant with outdoor dining, a second-floor indoor/outdoor executive meeting center with a biergarten, a rooftop restaurant and cocktail bar, as well as an infinity pool. Truist Bank provided construction and bond financing for the project, which represents the first full-service hotel and conference center to be constructed in the Richmond market since 2009.

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Mark-Auburn
AlabamaDevelopmentSoutheastStudent Housing

Landmark Properties, Manulife to Develop 825-Bed Student Housing Project Near Auburn University

by Abby Cox

AUBURN, ALA. — A joint venture between Landmark Properties and Manulife Investment Management has acquired a 3.3-acre development site at 141 Wright St. near Auburn University in Alabama. The partnership will soon break ground on The Mark Auburn, an 825-bed student housing community that is expected for completion in fall 2028. The mid-rise development will offer 329 fully furnished units in studio through five-bedroom floorplans. Amenities will include a clubhouse, rooftop swimming pool, Jumbotron, fitness center, sports simulator, study lounge, café, computer labs and grilling areas and fire pits. The community will also offer 853 parking spaces alongside bicycle/scooter storage. The development team for the project includes Peninsula Investments, BKV Group and Landmark Construction.

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Cedarbrook-Senior-Living-Tigard-OR
LoansMultifamilyOregonSeniors HousingWestern

PLG Provides $25.6M C-PACE Financing for Seniors Housing Development in Oregon

by Amy Works

TIGARD, ORE. — PACE Loan Group (PLG) has provided $25.6 million in Commercial Property Assessed Clean Energy (C-PACE) financing for a seniors housing development currently underway in Tigard, roughly 10 miles outside downtown Portland. Mosaic is the developer and borrower.  Construction on the community, Cedarbrook Senior Living, began this year. Upon completion, which is scheduled for early 2028, the development will feature one four-story building with 107 assisted living units and 64 memory care beds.  PLG worked with Countryman Capital Partners to orchestrate the development’s capital stack. Financing for the project also includes a $41.6 million construction loan and mini-perm mortgage provided by Columbia Credit Union.  STEELE Associates Architects is the architect for Cedarbrook Senior Living, and Mosaic Construction is serving as the general contractor. Mosaic Management will operate the property upon opening. 

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laster-farms-at-turkey-creek
DevelopmentMultifamilySoutheastTennessee

Trinitas Ventures, Millstone to Deliver 320-Unit Multifamily Community Near Knoxville, Tennessee

by Abby Cox

FARRAGUT, TENN. — Indiana-based Trinitas Ventures and Millstone have plans to deliver Laster Farms at Turkey Creek, a 320-unit multifamily community located in the Knoxville suburb of Farragut. Millstone will serve as the general contractor for the project. The $80 million development will comprise 240 apartments and 80 townhomes with one-, two- and three-bedroom floorplans. Amenities at the complex will include a clubhouse, fitness center, resort-style swimming pool, golf simulator, outdoor lounge areas and entertainment lawns. Monthly rental rates are expected to range from $1,800 to $2,800.

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Rock Creek Center
IndustrialLoansNorth CarolinaSoutheast

BCP, Crow Holdings Recapitalize 423,852 SF Industrial Campus in Whitsett, North Carolina

by Abby Cox

WHITSETT, N.C. —  A joint venture between Buchanan Capital Partners (BCP) and Crow Holdings Development has recapitalized a two-building industrial campus located in Whitsett, a city near Greensboro in North Carolina’s Piedmont Triad region. The 423,852-square-foot project, dubbed Rock Creek Center, will be situated in close proximity to the $14 billion Toyota battery manufacturing campus and the $860 million Food Lion Distribution Center. In addition, the project is within an unnamed mixed-use park that includes tenants such as Amazon, FedEx, Duke Energy, Lenovo, Ralph Lauren and American Express. Developed by Crow Holdings, the campus will feature two 211,926-square-foot buildings, with each featuring 32-foot clear heights, 2,500 square feet of office space, 38 dock doors, two drive-in doors and 205-foot truck courts, as well as about 255 car parking spaces. Completion of the project is scheduled for 2027. Rock Creek Center marks BCP’s first joint venture with Crow Holdings. ARCO Murray will serve as general contractor, while the North Carolina division of Crow Holdings’ industrial team will manage the complex. Dodson Schenck and Will Henderson of CBRE will lead leasing efforts.

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FloridaLeasing ActivityOfficeSoutheast

University of Miami Signs 42,000 SF Office Lease at Flagler Station for UHealth

by Abby Cox

MIAMI — The University of Miami has signed a 42,000-square-foot office lease at Building 1300 at Flagler Station in Miami. The university signed a 10-year lease for the space, and will occupy nearly one-third of the building for its healthcare system (UHealth) offices. The long-term lease deal also includes building-top signage for the university, which will elevate visibility for the brand. The University of Miami is expected to move into its new space in the second quarter of 2026. Building 1300 at Flagler Station spans four stories and features flexible floor plates and amenities including a fitness center, outdoor seating area and a meeting room. Hamilton Development originally acquired Building 1300 earlier this year as part of its acquisition of a 24.4-acre site at Flagler Station. Cameron Tallon of CBRE represented Hamilton Development in the lease negotiations.

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Village-Business-Park-Buena-Park-CA
CaliforniaLoansOfficeWestern

Bolour Associates Originates $22.2M Refinancing for Village Business Park in Buena Park, California

by Amy Works

BUENA PARK, CALIF. — Bolour Associates, through its affiliate BA Debt Fund LLC, has provided a $22.2 million, 24-month office refinancing loan for Village Business Park in Buena Park. The loan provides capital to refinance and additional funds for future leasing needs to promote asset stability. CBRE represented the borrower in the financing. Spanning 144,000 square feet, the two-story buildings are located at 7000 and 7001 Village Drive. The multi-tenant buildings are currently 82 percent occupied. The property offers large and open floor plans, a generous 6:1,000 parking ratio and suites with immediate courtyard access for indoor and outdoor use.

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Vistas-Villa-Bella-Pueblo-CO
ColoradoLoansMultifamilyWestern

Brinkman Real Estate Refinances 102-Unit Vistas at Villa Bella Multifamily Property in Pueblo, Colorado

by Amy Works

PUEBLO, COLO. — JLL Capital Markets has arranged a $15.4 million, five-year Fannie Mae loan for the refinancing of Vistas at Villa Bella located at 2195 Alamosa Drive in Pueblo. The borrower, Brinkman Real Estate, has completed a renovation of all 102 units. Updates include new flooring, paint, cabinets, countertops and fixtures. The sponsor also upgraded building exteriors, landscaping and renovated the clubhouse. Vistas at Villa Bella was built in 2009. JLL’s team was led by Director Rob Bova. “This refinancing allows Brinkman Real Estate to optimize their capital structure while continuing to enhance this well-positioned asset in Pueblo’s growing multifamily market,” Bova said.

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4268-N-Varsity-Ave-San-Bernardino-CA
AcquisitionsCaliforniaRestaurantRetailWestern

SRS Real Estate Brokers $6.8M Sale of Panera Bread-Occupied Retail Property in San Bernardino

by Amy Works

SAN BERNARDINO, CALIF. — SRS Real Estate Partners has arranged the sale of a single-tenant restaurant property located at 4268 N. Varsity Ave. in San Bernardino. A California-based investor acquired the property from Paragon Commercial Group for $6.8 million, or $1,404 per square foot. Panera Bread occupies the 3,986-square-foot property, which was built in 2024, on a 15-year absolute triple-net lease basis. Patrick Luther and Matthew Mousavi of SRS Capital Markets represented the seller in the deal. SRS’ Nick Wirick is handling leasing for the property. This is the second parcel of a break-up strategy SRS has executed on behalf of Paragon Commercial Group — the first being the sale of a Dutch Bros Coffee property that was sold in July 2025 for $2.8 million. In total, the value of the sold assets is $9.6 million.

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