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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 Sells 118-Unit 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. 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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IndustrialKansasMarket ReportsMidwestMidwest Market Reports

Demand for Logistics, Manufacturing Space Drives Wichita’s Pipeline of Projects

by Kristin Harlow

By Grant Glasgow, SIOR, NAI Martens The industrial real estate market across the Wichita metropolitan statistical area (MSA) closed out 2025 with stable fundamentals, a healthy pipeline of projects and strong demand for large-format logistics and manufacturing space. Despite a modest increase in overall vacancy, the market continues to reflect the region’s strategic position as a logistics and manufacturing hub with lasting appeal to both regional users and national firms. Metrics point to equilibrium As of the fourth quarter of 2025, Wichita’s multi-tenant industrial inventory totaled approximately 43.6 million square feet across more than 1,300 buildings. The overall vacancy rate stood at 9 percent, a tick higher than the mid-year figure.  While this figure might suggest slack in the market, it is important to note that the rise in vacancy is primarily due to smaller-bay space turning over and the inclusion of buildings actively being marketed but not yet move-in ready, such as the Wichita Business Park redevelopment at the former Towne West Square Mall. For context, the vacancy rate for larger industrial buildings — those over 100,000 square feet — was just 2.8 percent, highlighting a persistent shortage of modern bulk space. Asking rents averaged $6.07 per square foot …

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Conference CoverageFeaturesMultifamilyNorth CarolinaSoutheastSoutheast Feature Archive

InterFace: Concessions Remain an Operational Necessity for Multifamily Stakeholders

by John Nelson

CHARLOTTE, N.C. — Midway through a panel discussion comprising apartment operators, moderator Stephanie Garris, director and head of North Carolina at property management firm Arqline, asked the panelists for one thing in multifamily operations that they wish they could stop doing tomorrow. “Offering concessions,” said Dallas Green, regional vice president of RPM Living. “Dallas stole my answer,” said Sherry Yarborough, director of multifamily management Southeast at Drucker & Falk. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. The panelists were part of InterFace Carolinas Multifamily, an annual networking and information conference held on May 21 at the Hilton Charlotte Uptown. The conference, hosted by InterFace Conference Group and Southeast Real Estate Business, brought in 273 attendees. Concessions often take the form of free rent for a set period, typically one or two months. Renters at newly delivered properties can get up to three months of free rent in some markets today, with longer rent-free periods reserved for those who sign longer term leases or for signing a lease within 24 to 48 hours of touring the property. Yarborough said …

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Alders-Magnolia
AcquisitionsMultifamilySeniors HousingTexas

Berkadia Brokers Sale of 184-Unit Active Adult Complex in Magnolia, Texas

by Taylor Williams

MAGNOLIA, TEXAS — Berkadia has brokered the sale of Alders Magnolia, a 184-unit active adult complex located roughly 40 miles northwest of Houston. Built in 2021, the property offers amenities such as a pool, spa, theater, fitness center, demonstration kitchen, coffee bar, private wine lockers, a putting green, bocce ball court and a lounge. Aspens Senior Living acquired the community from Capitol Seniors Housing for an undisclosed price. Cody Tremper, Mike Garbers, Ross Sanders and Dave Fasano of Berkadia brokered the deal.

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DevelopmentMultifamilySeniors HousingTexas

LifeCare Development Underway on 117-Unit Seniors Housing Project in College Station

by Taylor Williams

COLLEGE STATION, TEXAS — LifeCare Development is underway on construction of a 117-unit seniors housing project in College Station. The Blake at College Station will offer 73 assisted living units and 44 memory care units, in addition to various culinary- and wellness-themed amenities. Blake Management Group will operate the property. Completion is scheduled for 2028.

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AcquisitionsOfficeTexas

SkyWalker Buys 73,747 SF Office Building in North Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Local investment firm SkyWalker Property Partners has purchased Alliance Commerce Center, a 73,747-square-foot office building in North Fort Worth. The building is located within AllianceTexas and was 90 percent leased at the time of sale. Cameron Deptula and Blake Schur of Davidson Bogel represented the seller, Group O, in the deal. Jack Mock and Chris Aguilar internally represented SkyWalker.

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