Tuesday, July 14, 2026
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the-cottages-at-loxley
AlabamaDevelopmentMultifamilySoutheast

JCCG Underway on 250-Unit Build-to-Rent Community in Loxley, Alabama

by Abby Cox

LOXLEY, ALA. — Jim Chapman Construction Group (JCCG) is underway on the construction of The Cottages at Loxley, a 250-unit build-to-rent residential community located in Loxley, a city in Alabama’s Baldwin County. The firm broke ground on the project in January, with vertical construction slated to begin later this year. Situated on roughly 51 acres along I-10, The Cottages at Loxley will comprise single-family rental homes ranging in size from 1,000 to 1,493 square feet, featuring open-concept layouts and attached private garages. Planned amenities will include a clubhouse, swimming pool, fitness center, onsite property management and 24-hour emergency maintenance. The community is designated to serve families within the Baldwin County Public Schools system, including Loxley Elementary School, Central Baldwin Middle School and Robertsdale High School.

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DevelopmentGeorgiaLoansMultifamilySoutheast

Thompson Thrift to Develop 300-Unit Multifamily Community in Dacula, Georgia

by Abby Cox

DACULA, GA. — Indiana-based Thompson Thrift will develop Lineage, a 300-unit multifamily project in Dacula, an Atlanta suburb in Gwinnett County. The development will be capitalized with equity from Thompson Thrift’s 2026 Multifamily Development LP fund, while PNC Bank will provide construction financing for the project. Lineage marks Thompson Thrift’s 100th multifamily community to be developed nationwide. Spanning nearly 15 acres at the Harbins Road and Ga. State Route 316 interchange, Lineage will comprise four-story buildings with one-, two- and three-bedroom floorplans. Select homes will feature private patio, balcony and yard options, as well as detached garages, high-speed internet access and an Amazon package hub. Amenities will include a golf simulator, swimming pool, fitness center, pickleball court, lounges, coworking and conference space, a dog park, pet spa, outdoor firepits and grilling areas, event space and landscaped courtyards. Additionally, more than 9,500 square feet of street-level retail space will be designed with outdoor seating, “play” space and a designated area for outdoor concerts.

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CFA-Leesburg
AcquisitionsFloridaRetailSoutheast

SRS Negotiates $3.5M Ground Lease Sale of Chick-fil-A-Leased Restaurant in Leesburg, Florida

by Abby Cox

LEESBURG, FLA. — SRS Real Estate Partners has negotiated the $3.5 million ground lease sale of a restaurant property located at 9925 US-441 in Leesburg, about 45 miles northwest of Orlando. Chick-fil-A occupies the 4,935-square-foot building, which was built in 2024, on a corporate-guaranteed, absolute triple-net ground lease with 13 years remaining on the initial term. Patrick Nutt and William Wamble of SRS represented the seller, a national investor and developer, in the transaction. The 1031 exchange buyer was a Brooklyn, N.Y.-based private investor. Both parties requested anonymity.

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DevelopmentHealthcareMichiganMidwest

UM-Board of Regents Approves $143M Behavioral Health, Ambulatory Surgery Centers in Lansing

by Kristin Harlow

LANSING, MICH. — The University of Michigan Board of Regents has approved two projects for mental health resources and certain surgical procedures in mid-Michigan. UM Health-Sparrow is building a behavioral health hospital and an ambulatory surgery center in Lansing. Groundbreakings are scheduled this summer, with plans to open each facility in 2028. The behavioral health hospital will be located in a park-like setting. The building is slated for vacant UM Health-Sparrow-owned property behind the Lansing hospital near Pennsylvania Avenue and Jerome Street. The 64-bed, $83 million facility will serve adult, geriatric, child and adolescent patients. UM-Health is collaborating with Sheppard Pratt, the nation’s largest private, nonprofit provider of behavioral health/substance abuse services, to manage the new hospital and behavioral health services. The $60 million UM Health-Sparrow Lansing Ambulatory Surgery Center will be located west of the Lansing hospital near Michigan and Pennsylvania avenues. The outpatient facility will feature four operating rooms at the start, with options to expand. The new surgery center will care for patients currently undergoing procedures at the 100-year-old St. Lawrence campus and will handle some cases currently performed at the Lansing hospital. Cardiac patients will also benefit from a new MRI planned for the facility.

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DevelopmentIndianaLoansMidwestMultifamily

Maverick, American Mortgage Arrange Construction Financing for $26M Condo Project in Indiana

by Kristin Harlow

BLOOMINGTON, IND. — Maverick Commercial Mortgage and American Mortgage & Realty have arranged construction financing for ONE15 Lofts on Kirkwood, a $26 million condominium project in Bloomington. First Farmers Bank & Trust provided the 36-month loan, which features interest-only payments. Construction is underway on the project, which is developed by Randy Lloyd of Clearpath Services. The development site at 115 E. Kirkwood Ave. was formerly a surface parking lot adjacent to CVS and directly across from the historic Buskirk-Chumley Theater. The five-story project will feature 17 luxury condominiums, 90 percent of which are pre-sold. Units will range from 1,600 to over 4,000 square feet. The first two floors will feature a new restaurant concept by Cassady’s, the owners of Uptown Café. The project team includes Kunkel Design Group, Genesis Build and interior designer Lindsay Taylor Bell. Kerry Feigenbaum of FC Tucker/Bloomington Realtors is handling residential sales. Completion is slated for 2027.

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AcquisitionsIllinoisMidwestMultifamily

Interra Realty Negotiates $11.7M Sale of Chicago Apartment Building

by Kristin Harlow

CHICAGO — Interra Realty has negotiated the $11.7 million sale of a 46-unit apartment building located at 4400 S. Drexel Blvd. in Chicago’s Kenwood neighborhood. Lucas Fryman of Interra represented the buyer and seller, whom Interra represented during the initial 2020 acquisition. The property was 91 percent occupied at the time of sale, and every resident holds a Housing Choice Voucher administered through the Chicago Housing Authority. Built in 1924, the courtyard-style building features predominantly two-bedroom units. Recent renovations reconfigured floor plans to maximize livable square footage without increasing unit count. Residences also received upgraded finishes, individual HVAC systems, dishwashers and in-unit laundry.

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AcquisitionsIllinoisMidwestRetail

SVN Chicago Commercial Brokers $9M Sale of Shopping Center in Hoffman Estates, Illinois

by Kristin Harlow

HOFFMAN ESTATES, ILL. — SVN Chicago Commercial has brokered the $9 million sale of Barrington Square Town Center, a 101,769-square-foot shopping center situated on 11 acres in Hoffman Estates. The transaction marks the first time the property has traded hands since 1979. Wayne Caplan and Al Lindeman of SVN Chicago represented the Dutch-based ownership group, Depa Holding Co., along with its U.S. partner, Caruso Development Corp. Harris Ali of Sky High Real Estate represented the buyer, a local investment group. The center on West Higgins Road is adjacent to a 7.2-acre site slated to be developed as Grand Reserve of Hoffman Estates, a 330-unit luxury apartment development. The property is nearly fully leased and traded at a cap rate of 9 percent.

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MP-Materials-10X
DevelopmentIndustrialTexasTop Stories

MP Materials Selects AllianceTexas for $1.3B Rare Earth Magnet Manufacturing Site

by Abby Cox

NORTHLAKE, TEXAS — MP Materials (NYSE: MP), the leading American producer of rare earth materials and permanent magnets, has selected Northlake for its new $1.3 billion rare earth magnet manufacturing campus. CBRE arranged the sale of the site, which is situated within the 27,000-acre AllianceTexas master-planned development in the Dallas-Fort Worth metroplex, on behalf of the developer, Hillwood. The new site, dubbed “10X,” is expected to serve as the center of the United States’ rare earth magnet supply chain. It is located less than 10 miles from MP’s existing “Independence” facility in Fort Worth, which began commercial production in 2025 as a 250,000-square-foot downstream center for rare earth metal, alloy and magnet production. 10X is the result of MP Materials’ previously announced public-private partnership with the U.S. Department of War (DoW), which was established in July 2025 to accelerate U.S. rare earth magnet independence, according to the company’s press release. The DoW holds a 15 percent stake in the company. “10X is about building industrial strength at a scale the United States has not seen in generations, and the exceptional talent and infrastructure in North Texas make it possible,” says James Litinsky, founder, chairman and CEO of MP Materials. “We are advancing key objectives …

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North Point Mall
DevelopmentGeorgiaMixed-UseTop Stories

New York Life Taps Jamestown to Pursue NHL Stadium for North Point Mall Redevelopment in Metro Atlanta

by Hayden Spiess

ALPHARETTA, GA. — New York Life Insurance Co. is underway on plans to redevelop North Point Mall in Alpharetta, a suburb roughly 30 miles north of Atlanta. Jamestown has been tapped by New York Life to pursue the redevelopment entitlements for the development.  The Atlanta-based firm, which manages the nearby Avalon mixed-use development following its acquisition of the Atlanta-based holdings and listings of North American Properties in 2024, will also oversee property management for North Point Mall effective March 1. Plans for the project include transforming the mall into a sports-anchored, mixed-use entertainment district. The redevelopment will position the 100-acre property to potentially host a National Hockey League (NHL) franchise expansion into the Atlanta metro area.  “We think this is a great location for an NHL team and, hopefully, our efforts will attract an owner who wants to acquire an expansion team and bring hockey back to Atlanta,” says Tim Perry, chief investment officer at Jamestown. “The site is well-positioned for redevelopment and to accommodate event and game day traffic associated with an NHL hockey arena.” Machete Group, a Houston-based advisory firm specializing in developing  and operating sports venues, will partner with Jamestown to guide the redevelopment.  “We’re looking forward to …

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Arba-San-Marcos
AcquisitionsMultifamilyStudent HousingTexas

JLL Negotiates Sale of 748-Bed Student Housing Community in San Marcos, Texas

by Taylor Williams

SAN MARCOS, TEXAS — JLL has negotiated the sale of Arba San Marcos, a 748-bed student housing community located near the Texas State University campus in San Marcos. Built in 2014, the property offers 240 units in a mix of two-, three- and four-bedroom configurations with bed-to-bath parity. JLL represented the seller, Palatine Capital Partners, an investment firm with offices in Miami, New York City and Los Angeles, in the transaction. The buyer was Miami-based investment firm Centurion Property Group. The sales price was not disclosed.

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