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CivicDevelopmentKansasMidwestMixed-UseTop Stories

Kansas City Chiefs Unveil Plans for New $3B Stadium, Two Mixed-Use Entertainment Districts in Kansas

by Taylor Williams

KANSAS CITY, KAN. — The Kansas City Chiefs have unveiled plans for a new football stadium, as well as a new training facility and surrounding mixed-use entertainment districts for both projects, in Kansas. These initiatives represent a combined economic impact of approximately $4.4 billion, according to Kansas Gov. Laura Kelly. Under the terms of an agreement reached with the state, the Chiefs will relocate from Missouri to a new domed stadium in Wyandotte County, which encompasses the Kansas side of the city. The new stadium, which has a projected cost of about $3 billlion, is expected to open in advance of the 2031 NFL season. ESPN reports that the new stadium will have a seating capacity of about 65,000, which is about 10,000 seats fewer than the team’s current home at Arrowhead Stadium in Missouri. The team’s lease at Arrowhead expires after the 2030 season. The exact location of the new stadium was not announced. But according to The Topeka Capital-Journal, the site will be “generally located at the intersection of interstates 70 and 435.” In addition, ESPN reports that “the Chiefs are interested in having the stadium built near the Kansas Speedway and a retail and entertainment district known …

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AlabamaGeorgiaIndustrialMarket ReportsNorth CarolinaSouth CarolinaSoutheastSoutheast Market ReportsVirginia

Tariffs Are Moving the Needle for Manufacturing, Distribution Demand on the I-85 Industrial Corridor

by John Nelson

More than seven months have passed since Liberation Day, where the Trump administration declared a sweeping package of tariffs for foreign trade partners and specific commodities, including steel and aluminum. Since the announcement in early April, there has been a boon in the amount of multibillion-dollar advanced manufacturing, life sciences, semiconductor and data center investment announcements around the country, with the markets along the I-85 Industrial Corridor being no exception.  To name a few: Toyota has recently begun production at its $13.9 billion battery plant in Liberty, N.C.; Rivian broke ground on its $5 billion electric vehicle plant near Social Circle, Ga.; JetZero is planning to create 14,500 jobs for an aerospace manufacturing facility in Greensboro, N.C.; Eli Lilly is developing a $5 billion pharmaceutical manufacturing facility in the Richmond suburb of Goochland County, Va.; and Google is developing a trio of data centers in metro Richmond’s Chesterfield County. “We have incredible momentum bringing business back into the United States, which is going to drive industrial growth, particularly in the Southeast,” says Jim Anthony, CEO and founder of APG Companies. “We’re not unionized, we have lower taxes, fewer regulations and lower cost of energy, which is huge factor in site …

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21021-Erwin-St-LA-CA
AcquisitionsCaliforniaMultifamilyUncategorizedWestern

Waterton Acquires 395-Unit Motif Multifamily Property in Los Angeles

by Amy Works

LOS ANGELES — Waterton has purchased Motif, an apartment community located at 21021 Erwin St. in the Woodland Hills neighborhood of Los Angeles. Terms of the transaction were not disclosed. Situated within the Warner Center master-planned community, the property will be rebranded as Sorrel at Warner Center. Built in 2015, the asset features 395 one-, two- and three-bedroom apartments with new quartz countertops, lighting and plumbing fixtures. Community amenities include two pools, a spa, grilling stations, a bocce ball court, an indoor fitness space with free weights, yoga and spin rooms, an outdoor fitness center, a dog park and covered parking. The buyers plan to update and modernize the common areas with new exterior paint, improved landscaping and upgraded building systems.

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Watsonville-Metro-Watsonville-CA
Affordable HousingCaliforniaLoansMultifamilyWestern

MidPen Housing Secures $132.8M in Grants for Three Central California Affordable Housing Developments

by Amy Works

SAN JOSE, ALAMEDA AND WATSONVILLE, CALIF. — The California Strategic Growth Council has awarded funding to existing MidPen Housing developments in San Jose, Alameda and Watsonville that include a total of 362 affordable units. Valley Transportation Authority (VTA) Capitol Station in San Jose was awarded $49.3 million. Located next to the Capitol Light rail station, this transit-oriented development will include 203 affordable rental homes, including 51 permanent supportive housing apartments for formerly homeless individuals. The project will replace an underutilized VTA parking lot with an all-electric residential building and a new transit plaza, complemented by multimodal improvements such as 2.3 miles of bike paths, upgraded walkways and new bus shelters. The project is slated for completion in 2029. The Stardust Gardens project in Alameda was awarded $44.5 million. This project includes 80 units that will be developed on public land and will include units for households that have experienced homelessness. Transportation enhancements include electric ferry charging infrastructure to enable zero-emission ferry service, bike and pedestrian safety improvements, traffic calming and new bikeways. A completion date was not available. Lastly, the state awarded $39 million to Watsonville Metro in Watsonville. This project involves redeveloping a downtown transit center into 79 affordable …

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Thornton-Town-Center-Thornton-CO
AcquisitionsColoradoRetailWestern

CRC Purchases 266,008 SF Thornton Town Center Retail Property in Colorado for $25.5M

by Amy Works

THORNTON, COLO. — Continental Realty Corp. (CRC) has acquired Thornton Town Center, a neighborhood shopping center in Thornton, from Citivest Commercial Investments for $25.5 million. Brad Lyons of CBRE represented the seller in the transaction. Located at 9223-1001 and 1005 Grant St., the 266,008-square-foot retail center was 73 percent leased at the time of sale. Current tenants include Malibu Jack’s, The Picklr, Sky Zone Trampoline Park, GNC, Jersey Mike’s Subs, Renegade Burrito, Sally Beauty and Starbucks Coffee. CRC plans to implement a property improvement strategy for the asset, which was built in 1990 on 24 acres.

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Riverdale-Shopping-Center-Riverdale-UT
AcquisitionsRetailUtahWestern

ZRP Acquires Riverdale Shopping Center in Metro Salt Lake City for $20M

by Amy Works

RIVERDALE, UTAH — Ziff Real Estate Partners (ZRP) has acquired Riverdale Shopping Center, a 93,592-square-foot shopping center located in Riverdale, approximately 35 miles north of downtown Salt Lake City. T.J. Maxx and Ulta Beauty anchor the property, which was built in 2007, according to LoopNet Inc. JT Redd and Kip Paul of Cushman & Wakefield represented the seller. Christian Chamblee and Brooke Frey internally represented ZRP in the transaction.

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AcquisitionsMultifamilyOregonWestern

Brinkman Real Estate, Blue Field Capital Buy 60-Unit Townhome Community in Oregon City

by Amy Works

OREGON CITY, ORE. — Brinkman Real Estate and Blue Field Capital have acquired Holmes Park Townhomes, a townhome community in Oregon City, approximately 30 minutes south of downtown Portland. Terms of the acquisition were not released. Completed in 2024, Holmes Park features 60 three-level, three-bedroom/three-bath residences with modern finishes and direct-access garages.

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Davenport-Elementary-School-El-Paso
CivicDevelopmentTexas

LDCM Solutions Breaks Ground on $73.9M Academic Project in West El Paso

by Taylor Williams

EL PASO, TEXAS — Locally based general contractor LDCM Solutions has broken ground on Davenport Elementary School, a $73.9 million academic project in El Paso. Designed by Pfluger Architects with construction administration by Carl Daniel Architects, the school is part of the Canutillo Independent School District (ISD) and is located in the Enchanted Hills subdivision on the city’s west side. Davenport Elementary School will have 36 classrooms for prekindergarten through fifth grade students, as well as collaborative learning spaces, a gymnasium, library, cafeteria and outdoor learning and collaboration areas. Construction is expected to be completed in 2027.

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Cottages-at-Deer-Creek-Fort-Worth
Build-to-RentDevelopmentSingle-Family RentalTexas

ONM Living Begins Leasing 378-Unit Build-to-Rent Project in South Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Locally based firm ONM Living has begun leasing a 378-unit build-to-rent community in South Fort Worth. Cottages at Deer Creek offers studio, one-, two- and three-bedroom homes that range in size from approximately 350 to 1,400 square feet. Homes feature fenced yards, covered front porches, quartz countertops, stainless steel appliances, walk-in showers, full-size washers and dryers and smart technology. Amenities include a fitness center, pool, pickleball courts, indoor and outdoor gaming areas, a dog park and walking trails.

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landis-ridge
DevelopmentIndustrialNorth CarolinaSoutheast

Jackson-Shaw Delivers 594,300 SF First Phase of Landis Ridge Industrial Park in Central North Carolina

by Abby Cox

LANDIS, N.C. — Texas-based real estate developer Jackson-Shaw has delivered Phase I of Landis Ridge, a 150-acre master-planned industrial park located in Landis, a central North Carolina city that sits along I-85. This is the first of two planned phases for the property, which will comprise 1.3 million square feet upon completion. The project team for Landis Ridge consists of Compatriot Capital (equity partner), Frampton Construction (general contractor), Orsborn Design Group (civil engineer), Merriman Schmitt Architects (architect) and Hartford Investment Management Co. (financing). Jay Hill, Spencer Yorke and Matthew Greer of JLL are leading leasing efforts for the development. Phase I of Landis Ridge totals 594,300 square feet and spans three speculative buildings, which include Building 1A at 1205 Ridgeview St. (202,800 square feet), Building 1B at 205 Richwater St. (121,800 square feet) and Building 2 at 1400 Ridgeview St. (269,700 square feet). All three buildings are available for lease and can accommodate users ranging in size from 33,180 to 594,300 square feet. Jackson-Shaw recently finished the clearing and grading of the remaining 58 acres, along with the construction of a stormwater control measure pond, for Phase II of Landis Ridge. The second phase will be able to accommodate build-to-suit …

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