Tuesday, February 10, 2026
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Allez-Apts-Redmond-WA
LoansMultifamilyWashingtonWestern

Pine Forest Properties Receives $30M Loan for Mid-Rise Multifamily Community in Redmond, Washington

by Amy Works

REDMOND, WASH. — Pine Forest Properties has received a $30 million loan for the refinancing of Allez Apartments, a multifamily property in downtown Redmond. Seth Heikkila and Steve Petrie of JLL Capital Market’s Debt Advisory team secured the 10-year, fixed-rate loan through PGIM Real Estate for the borrower. Located at 8397 158th Ave. NE, Allez Apartments offers 148 studio, one- and two-bedroom units with high-end finishes, including custom cabinetry, ceramic-top ranges, stainless steel appliances, hardwood flooring and high ceilings. Community amenities include a fitness center, an outdoor patio with grills and fireplace, a resident lounge, bike storage and repair station and controlled access garage parking. Additionally, the property offers 2,844 square feet of ground-floor retail space and participates in Redmond’s ARCH program, designating 12 units as affordable housing at 80 percent of area median income to provide housing options for a range of income levels.

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Legacy-Academy-School-Chino-CA
CaliforniaCivicDevelopmentWestern

C.W. Drivers Cos. Builds K-8 Public School at The Preserve in Chino

by Amy Works

CHINO, CALIF. — C.W. Driver Cos. has completed the construction of Legacy Academy, a K-8 school at The Preserve at Chino, a 38-acre master-planned community in Chino. The $51 million public school will serve more than 1,250 students in the Chino Valley Unified School District (Chino Valley USD). Legacy Academy’s 73,000-square-foot campus consists of six one-story buildings housing classrooms, science and STEM labs, physical education facilities, administration, a library, kitchen, multipurpose room, a dedicated TK/kindergarten and an outdoor amphitheater. Additionally, C.W. Driver Cos. provided construction of the school’s new parking lots, playfields, hardcourts, fencing and gates. PBK Architect provided architectural services for the project.

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First-Street-Village-Apts-Burbank-CA
CaliforniaDevelopmentMixed-UseMultifamilyRetailWestern

Downtown Burbank Completes Second Phase of First Street Village Mixed-Use Project

by Amy Works

BURBANK, CALIF. — Downtown Burbank has completed the second phase of First Street Village, a three-phase mixed-use apartment community at the intersection of First Street and Magnolia Boulevard in downtown Burbank. Situated on more than 3 acres, the second phase includes 275 apartments and 18,000 square feet of ground-floor retail space. High Impact Pilates has signed a lease to occupy a portion of the new retail space. First Street Village offers micro units, one-, two- and three-bedroom apartments, a sky deck with WiFi, fitness center, social workspaces, barbecues, fire pits and pools. The first phase of the community is 95 percent occupied and retail tenants include Flow Wine Bar, Hardcore Fitness and Hollywood Pet Grooming Pet Store. The residential component includes 24 affordable housing units. Developed by Tim Behunin, First Street Village is the largest mixed-use development in downtown Burbank since 2005. Christopher Baer of Avison Young is handling leasing for First Street Village’s retail component. Downtown Burbank Partnership, a California nonprofit mutual benefit corporation, manages the Downtown Burbank District.

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DevelopmentIndianaMidwestMultifamily

LV Collective to Build 583-Unit Apartment Development in West Lafayette, Indiana

by Kristin Harlow

WEST LAFAYETTE, IND. — LV Collective has unveiled plans to build Rambler Levee District, a two-building apartment development totaling 583 units in the Levee District of West Lafayette near Purdue University. LV is partnering with Harrison Street and obtained financing from Pacific Life for the project. Amenities will include coworking spaces, a clubroom, multiple pools, internal courtyards, fitness facilities, a yoga studio, resident lounge and saunas. The 799,289-square-foot project will be centered around a 20,000-square-foot public plaza and green space. Plans also call for 15,600 square feet of retail space. Site work will begin this quarter, with completion slated for fall 2027. Project partners include development group Landmark Properties Inc., architect WDG, general contractor Brinkmann Constructors, interior designer Variant Collaborative and DLA Piper for legal counsel. TSB Capital Advisors consulted on construction financing.  

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DevelopmentMichiganMidwestMultifamily

Partnership to Open 200-Unit Forum Flats Luxury Apartment Complex in Troy, Michigan

by Kristin Harlow

TROY, MICH. — A partnership between Douglas Capital Partners, Cypress Partners and Village Green is set to open Forum Flats in Troy on Thursday, Nov. 14. The luxury apartment complex consists of three buildings with 200 units. Amenities include a clubroom, pool, fitness center, pet spa and dog park. The first of the three buildings took over the former 100,000-square-foot office space previously utilized by Kelly Services and now features 90 units. The other two buildings were constructed from the ground up and each total 55 units. Monthly rents start at $1,675 for studios.

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AcquisitionsIndustrialMidwestMinnesotaSelf-Storage

U-Haul Acquires Five Self-Storage Properties Totaling 790 Units in Northern Minnesota

by Kristin Harlow

BRAINERD, MINN. — U-Haul has acquired five former KO Storage facilities across Cass and Crow Wing counties in northern Minnesota. The properties are all located within the Brainerd metropolitan area and feature 790 drive-up units. Specifically, the facilities are located in Brainerd, Baxter, Nisswa and Pillager. The seller and sales price were not provided.

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AcquisitionsIndustrialMidwestMissouri

Marcus & Millichap Brokers $2M Sale of Industrial Property in Raytown, Missouri

by Kristin Harlow

RAYTOWN, MO. — Marcus & Millichap has brokered the $2 million sale of a 34,560-square-foot industrial property in Raytown, a southern suburb of Kansas City. Built in 1985, the facility is situated on 2.5 acres near I-435. Peter Doughty of Marcus & Millichap procured the 1031 exchange buyer. The seller was undisclosed. Dave Saverin, broker of record in Missouri, assisted in closing the transaction.

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DevelopmentMultifamilySoutheastVirginia

Breeden Construction Delivers 164-Unit Apartment Community in Williamsburg, Virginia

by John Nelson

WILLIAMSBURG, VA. — Breeden Construction has delivered Governor’s Inn, a 164-unit apartment community located in Williamsburg. An entity doing business as CDG Holdings LLC is the developer behind the $33.5 million project. Governor’s Inn comprises six two- to four-story residential buildings, as well as community amenities including a swimming pool, fitness center, outdoor grilling station and a community clubhouse.

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FloridaLoansMultifamilySoutheast

Berkadia Secures $42.5M Loan for Skye at Hunter’s Creek Apartments in Kissimmee, Florida

by John Nelson

KISSIMMEE, FLA. — Berkadia has secured a $42.5 million loan for Skye at Hunter’s Creek, a 216-unit apartment community located at 1300 Santa Rosa Drive in the Central Florida city of Kissimmee. Brad Williamson, Wesley Moczul, Mitch Sinberg, Matt Robbins and Scott Wadler of Berkadia arranged the loan on behalf of the borrower, ZMR Capital, a Tampa-based real estate investment firm. Nuveen Real Estate provided the three-year, floating-rate loan, which was underwritten with two one-year extension options, full-term interest only payments, a 68 percent loan-to-value ratio, an interest rate cap and flexible prepayment terms. Built in 2015, Skye at Hunter’s Creek features newly renovated one-, two- and three-bedroom apartments, as well as a new resident clubhouse, resort‐style swimming pool, outdoor pavilion, fitness center, bark park, business center, detached garages, a playground and electric vehicle charging stations.

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DevelopmentFloridaLeasing ActivityRetailSoutheast

Whole Foods to Open 42,024 SF Grocery Store in Boynton Beach, Florida

by John Nelson

BOYNTON BEACH, FLA. — Whole Foods Market plans to open a 42,024-square-foot grocery store located at 7395 Boynton Beach Blvd. in Boynton Beach. Set to open on Dec. 10, the new store will serve as the anchor of Boynton Beach Marketplace, a 69,204-square-foot shopping center that Atlanta-based SJC Ventures is developing in South Florida’s Palm Beach County. The new Whole Foods’ product assortment will feature more than 1,500 local items from Florida, including beer, wine, meats, seafood, cheeses, baked goods and health and wellness merchandise. Founded in 1980, Austin-based Whole Foods operates more than 530 stores across the United States, Canada and the UK.

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