Thursday, June 11, 2026
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DevelopmentGeorgiaSoutheastStudent Housing

Stratus Development Breaks Ground on 411-Bed Student Housing Project Near University of Georgia

by John Nelson

ATHENS, GA. — Stratus Development has broken ground on Phase II of Puritan Mill, which will offer 411 student housing beds near the University of Georgia campus in Athens. The community will feature townhomes in two-, three- and four-bedroom configurations. Shared amenities are set to include a dog park, nature trails, pickleball courts and shuttle service to campus. The development will combine amenity spaces with the existing initial phase of the project, which includes a second dog park, fitness center, clubhouse, study and meeting rooms and a resort-style pool. The development is scheduled for completion in fall 2027.

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GeorgiaLeasing ActivityOfficeSoutheast

Rayonier Signs 36,000 SF Office Lease in Atlanta’s Buckhead District

by John Nelson

ATLANTA — Rayonier Inc., a publicly traded land resources REIT, has signed a lease to occupy 36,000 square feet at Terminus 100, a mixed-use tower in Atlanta’s Buckhead district. Set to open in 2027, Rayonier’s office will serve as the company’s new headquarters following the closing of its merger with PotlatchDeltic Corp., a forest products manufacturer based in Spokane, Wash. Rayonier plans to keep an office presence in Spokane and Wildlight, Fla., following its corporate relocation to Atlanta. JLL represented the tenant in the lease negotiations and will serve as Rayonier’s property manager for its new office build-out at Terminus 100. Other project team members include ASD| SKY (interior designer) and rand* construction (general contractor). Cousins Properties is the landlord of Terminus 100, where Rayonier will occupy one-and-a-half floors.

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DevelopmentHospitalityMidwestWisconsin

Pyramid Global Hospitality Opens 208-Room Dellshire Resort in Wisconsin

by Kristin Harlow

WISCONSIN DELLS, WIS. — Pyramid Global Hospitality has opened Dellshire Resort, a 208-room property in Wisconsin Dells within south central Wisconsin. The hotel marks the area’s first new-build resort in more than two decades, according to Pyramid. The medieval-themed property features guestrooms and suites as well as Serpent’s Bay, an indoor-outdoor aquatic complex with five pool and splash experiences, including an adults-only swim-up bar. The tavern-style Blade & Barrel anchors the five food-and-beverage outlets. Hero’s Hall features arcade games and a private party room, while dedicated meeting and event facilities are available for groups and corporate retreats. A 70-foot-long fire-breathing dragon named Golspar welcomes guests at the entrance. Las Vegas-based metal sculptor Kevin Stone created the nearly 17,000-pound structure. The two-story entrance to the property is framed by cathedral-style windows. A compass is inlaid into the lobby floor, and shields are displayed across the stone walls to pay homage to the characters of the Legends of Dellshire Mixed Reality Adventure, the resort’s signature attraction. Dellshire Resort is part of Benchmark Resorts & Hotels, a collection of independent resorts and hotels by Pyramid. Rooms start at $200 per night.

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AcquisitionsIllinoisIndustrialMidwest

Colliers Brokers Sale of 246,446 SF Logistics Facility in Elgin, Illinois

by Kristin Harlow

ELGIN, ILL. — Colliers has brokered the sale of a 246,446-square-foot logistics facility located at 2770 Alft Court in Elgin. Jeff Devine, Steve Disse and Tyler Ziebel of Colliers represented the seller, Venture One. A publicly traded REIT was the buyer. Built in 2015 and fully leased to FleetPride, the property is situated within a fully developed business park just south of a full four-way interchange at I-90 and Randall Road.  

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AcquisitionsLoansMidwestOhioRetail

Eastern Union Arranges $12.9M in Acquisition Financing for Shopping Center in Lima, Ohio

by Kristin Harlow

LIMA, OHIO — Eastern Union has arranged $12.9 million in financing on behalf of borrower Lima Tov LLC for the acquisition of Lima Center, a 174,078-square-foot shopping center located in northwestern Ohio. The purchase price was $19.5 million. Lima Center was 98 percent leased at the time of the loan closing to 10 tenants, including Five Below and Dollar Tree, and is anchored by an 86,584-square-foot Kohl’s and a 30,000-square-foot TJ Maxx. Jack Beida, Michael Muller and Mike Orlik of Eastern Union arranged the seven-year, fixed-rate mortgage on behalf of the borrower. The seller and the direct lender were not disclosed.

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DevelopmentIllinoisIndustrialMidwest

Krusinski to Complete Tenant Improvement Project for Electric Vehicle Repair Facility in Chicago

by Kristin Harlow

CHICAGO — Dayton Street Partners has selected Krusinski Construction Co. to complete a tenant improvement project for an automotive and clean energy company. The Loomis facility will support a new electric vehicle repair facility on the edge of the Chicago city limits. Krusinski will revitalize the existing building by installing replacement overhead doors, renovating the restroom block to meet ADA compliance and enhancing the exterior lighting for safer access and security purposes. The project will also include the installation of new windows and a roof drainage system to accommodate the tenant’s needs. Completion is slated for next month. A+M Architects is the project architect, and Jacob & Hefner Associates Inc. is the civil engineer.

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Crossroads-25-Thornton-CO
AcquisitionsColoradoDevelopmentIndustrialWestern

Trammell Crow, PCCP Break Ground on 76-Acre Industrial Park in Thornton, Colorado

by Amy Works

THORNTON, COLO. — Trammell Crow Co. (TCC) and joint venture partner Pacific Coast Capital Partners (PCCP) have broken ground on Crossroads 25, a Class A industrial park at the intersection of Interstate 25 and E-470. At full build-out, Crossroads 25 will span 1.1 million square feet across six buildings. Phase 1, totaling 828,000 square feet across four buildings, is slated for delivery in third-quarter 2027. Building 4, totaling 409,000 square feet, has been fully preleased. Buildings 1, 2 and 3 consist of 157,562, 171,242 and 90,096 square feet, respectively. The 32-foot clear front-park, rear-load buildings offer highway visibility from E-470 and I-25, 4,000 amps of power per building, oversized drive-in doors and trailer parking. Tyler Carner, Jeremy Ballenger and Keiffer Garton of CBRE represented the seller in the land acquisition. The CBRE team will also lead leasing efforts on behalf of TCC and PCCP. Simmons Bank provided construction financing for Phase 1. Ware Malcomb designed the project, with Murray & Stafford serving as general contractor.

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Silver-Creek-Apts-Bozeman-MT
AcquisitionsMontanaMultifamilyWestern

Trident Development Completes $36.3M Sale of Silver Creek Apartments in Bozeman, Montana

by Amy Works

BOZEMAN, MONT. — Trident Development has completed the sale of Silver Creek Apartments, a 118-unit multifamily community located at 1481 N. 25th Ave. in Bozeman. An undisclosed buyer acquired the asset for $36.3 million. Adam Haydon, Dan Linnell, Mox Gunderson, Devon Dvorak and Drew Jackson of Colliers represented the seller in the deal. Built in 2021, Silver Creek Apartments features 12 studios, 52 one-bedroom units, 50 two-bedroom apartments and three three-bedroom residences. Amenities include a rooftop patio with gas grills and a fire pit, a ground-floor courtyard, a 24-hour fitness center, two community rooms, a dog park and a pet wash station, interior and exterior storage garages and work-from-home office spaces.

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CaliforniaLoansMultifamilyWestern

PSRS Arranges $29.5M in Acquisition Financing for Mobile Home Park in Northern California

by Amy Works

NORTHERN CALIFORNIA — PSRS arranged $29.5 million in acquisition financing for an unnamed mobile home park in Northern California. Michael Tanner and David Sarnoff of PSRS arranged the three-year, interest-only acquisition loan through a bridge lender. The borrower was also not disclosed. The 93-site manufactured housing community offers Pacific Ocean views and immediate proximity to state parks, retail and dining. The property features a range of amenities, including pet-friendly spaces, outdoor gathering areas and a resident lounge.

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AcquisitionsCaliforniaMultifamilyWestern

Limited Partnership Sells 65-Unit Apartment Community in San Ramon, California

by Amy Works

SAN RAMON, CALIF. — An entity doing business as Bollinger Crest Apartment Investors LP has sold 4000 Bollinger Crest Common, a multifamily property in San Ramon, to Pacific Urban Investors for an undisclosed price. Keith Manson, Zach Greenwood, Mac Watson and Tate Eames of Cushman & Wakefield represented the seller in the deal. Built in 2000, the property features 65 two-bedroom, two-bathroom residences averaging approximately 1,100 square feet. Units offer private, oversized individual garages, private balconies and patios and nine-foot ceilings.

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