POLSON, MONT. — Kraus-Anderson has begun construction on 400 Horses Casino, formerly West Polson Casino, a new gaming facility in Polson. The casino will be built on tribal land by S&K Gaming (Salish & Kootenai). Designed by LSE Architects, the project will feature a 34,227-square-foot, family-friendly casino with 300 gaming machines and space for future expansions. Additionally, the casino will include a restaurant and 400 parking spaces. Construction is slated for completion this summer.
EDINA, MINN. — Kraus-Anderson Construction (KA) has completed a redevelopment project at Galleria in Edina, transforming a key section of the mall into a new retail area anchored by an expanded space for lifestyle and home furnishings brand Arhaus. Designed by Cuningham Architects, the two-story, 53,536-square-foot core and shell features a 25,000-square-foot showroom for Arhaus, which is slated to open this fall. The redevelopment also accommodates three additional tenants, including Sweet Paris Crêperie, which is also scheduled to open this fall. The other two retailers will debut in 2026. The scope of work included the full interior demolition of both lower and main levels. KA raised the roof by 10 feet, created a concourse with clerestory windows and installed a glass elevator. In addition to the interior remodel, the project also incorporated exterior and site improvements, including new drive lanes connecting Galleria’s parking areas, a new underground stormwater retention system, upgraded electrical and water services, new concrete and asphalt paving, irrigation and landscaping. Construction began in February 2024. Hines, which manages the Galleria, served as construction manager and owner’s representative on the project.
PLANO, TEXAS — A partnership between Indianapolis-based Kite Realty Group (NYSE: KRG) and Singapore’s GIC has acquired Legacy West, a mixed-use development located in Plano, for $785 million. According to Kite Realty’s first-quarter earnings report that announced the transaction, Legacy West includes 344,000 square feet of retail space, 444,000 square feet of office space and 782 multifamily units. Invesco Real Estate has been the lead equity partner in Legacy West since the project’s inception in 2014, becoming the majority owner of the development in 2019. Prism Places and Mark Masinter of Open Realty Advisors handled leasing negotiations and the curation of office tenants, retailers and restauranters at Legacy West, which is now more than 95 percent leased. Tenants at the development include Louis Vuitton, Tiffany, Gucci, Tory Burch, Watches of Switzerland, Aritzia, lululemon, Chanel Beauty, Ralph Lauren and Vuori. “We’re proud to have played a role in shaping this dynamic development — one that integrates thoughtful placemaking and a carefully curated tenant mix, designed to serve the community for years to come,” says Mark Masinter, chairman of Global Retail for Newmark. Legacy West also features more than 20 various eateries, including the development’s food hall, Legacy Hall, and newer additions …
LOS ANGELES — SF Capital has secured $56.2 million in life insurance company financing for a mixed-use retail and office portfolio located in Southern California. The 368,000-square-foot portfolio includes 215,000 square feet of office space and 153,000 square feet of retail space. The financing was arranged through SF Capital’s life company correspondent loan program. Additional terms of the financing were not released.
SAN DIEGO — JLL Capital Markets has arranged a $27.6 million loan to refinance Torrey Hills Center, an 86,467-square-foot retail center located in the Carmel Valley neighborhood of San Diego. Vons Market anchors the center. Originally built in 2005, the property is 98.4 percent leased to a mix of 26 tenants including Orangetheory Fitness, Starbucks Coffee, Wells Fargo and JETSET Pilates. Greg Brown, John Marshall, Spencer Seibring and Allie Black of JLL’s Debt Advisory team represented the borrower, a national real estate investment and management firm, in arranging the 10-year, fixed-rate loan through a correspondent insurance company.
PARKER, COLO. — Trevey Commercial Real Estate has arranged the sale of a retail property located at 12810 Stroh Ranch Court in Parker. Journey Church Colorado acquired the asset from AKM Family LLP for $5.5 million. Situated on 1.5 acres, the building, which is currently leased by La-Z-Boy, offers 20,375 square feet. David Marulli, Tommy Daher and Mitch Trevey of Trevey Commercial Real Estate represented the seller, while Tom Omdal and Katie Hummer of Kin Commercial represented the buyer in the deal.
CHESTERFIELD, MO. — Brinkmann Constructors has completed a 4,000-square-foot interior renovation of an existing Rolls-Royce automotive showroom in Chesterfield, a western suburb of St. Louis. The project included an interactive atelier room equipped with a kinetic lighting system that synchronizes with sound. Additional elements include a custom Pantheon door and an automatic snow melt system built into the front sidewalk. Brinkmann completed the renovation in partnership with Rolls-Royce and Holman Motorcars. ACI Boland Architects served as the project architect.
OAKLAND TOWNSHIP, MICH. — Evexia Wellness Spa has signed a 3,603-square-foot retail lease to open its second location in Oakland Township, about 32 miles north of Detroit. Evexia will occupy space at the Kroger-anchored Country Creek Commons shopping center, which is located at the northwest corner of Adams and Silverbell roads. Owen Kelly and Michael Murphy of Gerdom Realty & Investment represented the tenant, while Eric Banks of Dominion Real Estate Advisors represented the undisclosed landlord.
HOLLYWOOD, FLA. — Starlife Group has launched vertical construction on 21 Hollywood, a 14-story mixed-use development located in Hollywood. Designed by Miami-based architect Kobi Karp, the project will feature 200 apartments and 10,000 square feet of ground floor retail space. Starlife Builders, a subsidiary of Starlife Group, serves as 21 Hollywood’s general contractor. The project broke ground in December 2024 and completion is slated for late 2026/early 2027. Amenities at the property will include a business center with 16-foot ceilings, coworking spaces, private conference room and a fitness center with a dedicated yoga and Pilates room. Additional offerings consist of a children’s play area, dog park and dog spa, dual cinemas and an 85-foot infinity pool that serves as the centerpiece of the outdoor space.
CHARLOTTE, N.C. — Cushman & Wakefield has arranged the sale of Carmel Village, a 53,615-square-foot retail center located in Charlotte. Situated at 7510 Pineville-Matthews Road, the center was 91 percent leased at the time of sale to tenants including Bonefish Grill, Mathnasium, Eye Care Partners, Chick-O-Rice, NY Old School Bagels and QC Tea Bar. Margaret Jones, Lane Breedlove and Miguel Alcivar of Cushman & Wakefield represented the seller, Raptor Realty Investments, in the transaction. The buyer was not disclosed.
