Property Type

Creation Delivers $250M Park Algodon Industrial, Mixed-Use Development in Phoenix

by Amy Works March 26, 2026

PHOENIX — Creation, a Phoenix-based developer, has completed construction for Park Algodon, an industrial and mixed-use development at the northwest corner of Loop 101 and Indian School Road in Phoenix. Spanning 86 acres, Park Algodon includes 1.3 million square feet of Class A industrial space and an adjacent 7-acre mixed-use destination with retail and restaurant space. The first phase of the industrial portion of Park Algodon was developed in partnership with Clarion Partners. The two-phase speculative industrial project includes four buildings, totaling 725,000 square feet, designed to accommodate tenants ranging from 30,000 square feet to 317,000 square feet. The industrial buildings offers 32-foot to 40-foot minimum clear heights, ample power and abundant employee parking. The second phase is permit-approved for a single 556,000-square-foot building. Separate from the joint venture, Creation developed The Shops at Park Algodon, a 14,000-square-foot restaurant and retail space. Buildings A and B will be delivered to tenants within the next 30 days. Confirmed tenants include Einstein Bros. Bagels, Chipotle, Luna Grill and Zara Nail Bar. LGE Design Build provided architectural and construction services for the project. Andy Markham and Phil Haenel of Cushman & Wakefield are handling leasing for the industrial component, while Matt Milinovich and James …

March 26, 2026

Arizona Industrial Leasing Activity Western

Lincoln Property Co. Signs Tenant for 629,835 SF Industrial Lease at Park303 in Glendale, Arizona

by Amy Works March 26, 2026

GLENDALE, ARIZ. — Lincoln Property Co. has announced that a global third-party logistics provider has signed a full-building, 629,835-square-foot lease at the 3.75 million-square-foot Park303 in Glendale. The new tenant will lease all of the Park303 Building A and use the space to service a Fortune 250 client. The transaction brings the 210-acre, LEED-certified industrial project to fully leased. Located along the Loop 303 in Glendale Avenue, Park303 includes a 1.25 million-square-foot, single building Phase 1 and a 2.5 million-square-foot, three-building Phase 2. The buildings feature 40-foot clear heights, 25-foot-tall glass entries and up to 12,000 amps of power. Phase 1 is fully occupied under a long-term lease by Walmart and was purchased by BentallGreenOak in 2021 for $186 million. The fully leased Phase 2 includes Logisticus Group LLC occupying the entire 483,000-square-foot Building B and DollarTree occupying Building C, which the company acquired in October 2025 for $147 million. Park303 features speculative office space, an outdoor pickleball and basketball court and an outdoor entertainment area with barbecues, overhead fans and seating.

March 26, 2026

Acquisitions California Office Restaurant Retail Western

Bucksbaum Properties Buys One El Paseo Plaza Mixed-Use Complex in Palm Desert, California

by Amy Works March 26, 2026

PALM DESERT, CALIF. — Bucksbaum Properties has acquired One El Paseo Plaza, a mixed-use office and restaurant property in Palm Desert. Terms of the transaction were not released. Situated on 5 acres at 74199 El Paseo Drive and 74225 and 74245 Highway 111, One El Paseo Plaza offers 86,835 rentable square feet. The complex features two two-story office buildings and an adjacent restaurant pavilion — originally Palm Desert’s first commercial building. The buildings feature granite lobbies, flexible floor plates and a parking ratio of 3.5 spaces per 1,000 square feet, including assigned and covered parking.

March 26, 2026

Villebois-Village-Center-Apts-Wilsonville-OR

Development Multifamily Oregon Western

Capstone Partners Underway on 143-Unit Villebois Village Center Apartments in Oregon

by Amy Works March 26, 2026

WILSONVILLE, ORE. — Capstone Partners has secured a $27.9 million construction loan from U.S. Bank to develop Villebois Village Center Apartments, a three-building multifamily community in Wilsonville. David Schaffer and John Petersen of Melvin Mark Capital Group originated the financing. Construction began in December 2025, with completion slated for mid-2027. Portland, Ore.-based C2K Architecture is serving as architect and Essex General Construction is the general contractor for the project. Located within the Villebois master-planned community, the project will feature 143 studio, one-, two- and three-bedroom apartments with quartz countertops, stainless steel appliances, 9-foot ceilings and air conditioning in larger units. The community also features 2,460 square feet of ground-floor commercial space, a fitness center, library/game room, top-floor lounge, bike center and pet-friendly features, including a dog wash station. The three buildings will surround a large public piazza with bocce courts, landscaping and heritage trees.

March 26, 2026

Industrial Loans Michigan Midwest

PCCP Provides $180.5M Refinancing for 2.1 MSF Industrial Park Near Detroit

by Kristin Harlow March 26, 2026

HIGHLAND PARK, MICH. — PCCP has provided a $180.5 million senior loan to a joint venture between AEW Capital Management and Trident Capital Group for the refinancing of Oakland Park, a 10-building, 2.1 million-square-foot industrial park in Highland Park, about six miles north of downtown Detroit. Built between 1997 and 2020, the infill properties feature clear heights ranging from 24 to 32 feet, efficient loading ratios, ample truck parking and access to two major freeways. The park is located 10 miles away from Stellantis Detroit Assembly Complex and five miles from GM Factory Zero.

March 26, 2026

Development Midwest Minnesota Multifamily Seniors Housing

United Properties Begins Development of 143-Unit Active Adult Community in Minnesota

by Kristin Harlow March 26, 2026

CORCORAN, MINN. — United Properties has broken ground on Amira Corcoran, a 143-unit active adult community in Corcoran, about 22 miles northwest of Minneapolis. The four-story development expands the Amira senior living portfolio in metro Twin Cities. The project will offer studio, one-, two- and three-bedroom apartments. Amenities will include a clubroom, fitness and yoga spaces, an arts and crafts studio, golf simulator lounge, walking trails and an outdoor amenity patio with a pool and hot tub. The first move-ins are anticipated in summer 2027. The project team includes architect Momentum Design Group, general contractor Eagle Building Co. and property manager Great Lakes Management.

March 26, 2026

Development Industrial Midwest Nebraska

Opus Breaks Ground on 168,486 SF Spec Industrial Project Near Omaha

by Kristin Harlow March 26, 2026

PAPILLION, NEB. — Opus has broken ground on Highway 370 Logistics, a 168,486-square-foot speculative industrial development located near the intersection of I-80 and Highway 370 in Papillion within metro Omaha. The 12-acre site is adjacent to an Amazon distribution hub. The project will feature a clear height of 32 feet, 10 dock doors, two drive-in doors, 115 vehicle parking stalls and 31 trailer parking stalls. Opus is the developer and design-builder, Raker Rhodes Engineering is the structural engineer and SVPA Architects is the architect. David Maenner and Sam Andres of CBRE are marketing the project for lease.

March 26, 2026

Leasing Activity Midwest Ohio Retail

Dillard’s Opens 160,000 SF Store at The Mall at Fairfield Commons in Beavercreek, Ohio

by Kristin Harlow March 26, 2026

BEAVERCREEK, OHIO — Dillard’s has opened at The Mall at Fairfield Commons in Beavercreek, marking the retailer’s first location in the Dayton area. The 160,000-square-foot department store occupies the former Macy’s location and introduces a new anchor tenant at the mall, which is owned by Spinoso Real Estate Group. Ownership says the Dillard’s opening reflects the continued evolution of The Mall at Fairfield Commons as it expands the mix of retail, dining and experiential offerings.

March 26, 2026

Industrial Loans Texas

Affinius Capital Provides Acquisition Loan for 917,374 SF Industrial Park in Benbrook, Texas

by Taylor Williams March 26, 2026

BENBROOK, TEXAS — New York City-based Affinius Capital has provided an acquisition loan of an undisclosed amount for Chisholm 20, a 917,374-square-foot industrial park in Benbrook, a southwestern suburb of Fort Worth. Developed in 2022-2023 by North Texas-based Jackson-Shaw, Chisholm 20 consists of three rear- and front-load buildings that range in size from 174,137 to 377,884 square feet. The buildings feature 32- to 36-foot clear heights, 185- to 190-foot truck court depths and a combined 162 dock doors, six drive-in doors and parking for 467 cars and 113 trailers. Tom Burns and Hunter Habash of CBRE arranged the loan on behalf of the buyer, Fort Worth-based Black Mountain Energy.

March 26, 2026

Development Multifamily North Carolina Southeast

Wood Partners, PGIM to Develop 357-Unit Apartment Community in Morrisville, North Carolina

by John Nelson March 26, 2026

MORRISVILLE, N.C. — Wood Partners and PGIM have closed on a land acquisition in Morrisville for the development of Alta Watkins, a 357-unit apartment community. Set to open in 2028, the property will be situated in the heart of the Research Triangle and adjacent to Wake Tech’s new community college campus. Sarah Godwin and Karl Hudson of Foundry Commercial represented the land seller in the transaction. Wood Partners plans to break ground soon on Alta Watkins, which will offer one-, two- and three-bedroom apartments, as well as onsite retail space, rentable offices, short-term stay units for guests, a resort-style pool, three outdoor courtyards, outdoor games, fitness center with a sauna and a podcast room. Alta Watkins is Wood Partners’ third development underway in the Raleigh-Durham area in the past 12 months.

March 26, 2026

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