Development

Carrier Global to Invest $600M in HVAC Manufacturing Facility in Fort Worth, Create 1,500 Jobs

by Taylor Williams October 29, 2026

FORT WORTH, TEXAS — Carrier Global Corp. (NYSE: CARR) will invest approximately $600 million in a new HVAC manufacturing and engineering facility in Fort Worth, an initiative that is expected to add about 1,500 new jobs to the local economy over the next three years. The site is located within Hillwood’s AllianceTexas master-planned community on the city’s north side. The facility will span approximately 1 million square feet and produce advanced thermal management systems, including air- and water-cooled commercial chillers. Carrier expects to begin operations at the facility sometime next year.

October 29, 2026

Development Industrial Texas

Partners Development Breaks Ground on 80,000 SF Industrial Project in Seguin, Texas

by Taylor Williams October 29, 2026

SEGUIN, TEXAS — Partners Development, an affiliate of Partners Real Estate, has broken ground on an 80,000-square-foot industrial project in Seguin, located northeast of San Antonio. The project, which will feature two 40,000-square-foot buildings, represents Phase I of Seguin Commerce Park, a development that is ultimately planned to comprise eight buildings totaling 234,600 square feet. Palladius Capital Management provided construction financing for Phase I of the project, which is slated for a late spring/early summer 2027 delivery. Partners is also marketing the buildings for lease and/or sale.

October 29, 2026

Development Loans Multifamily New Jersey Northeast

PCCP Provides $130M Construction Loan for Newark Multifamily Project

by Taylor Williams October 29, 2026

NEWARK, N.J. — Los Angeles-based PCCP LLC has provided a $130 million senior construction loan for a 501-unit multifamily project in Newark. The project represents Phase II of a larger development known as Ballantine and will consist of 400 market-rate units and 101 affordable housing units, as well as a 57,500-square-foot Food Bazaar grocery store, within a seven-story building. Residences will come in studio, one-, and two-bedroom floor plans, and amenities will include a fitness center with a yoga studio, two courtyards, a pool, basketball court and coworking space. The borrower, a joint venture between Bogopa Enterprises and Shorewood Real Estate Group, expects to complete the project in late 2028.

October 29, 2026

Acquisitions Development Multifamily New York Northeast

JLL Negotiates $58M Sale of Multifamily Development Site in Downtown Brooklyn

by Taylor Williams October 29, 2026

NEW YORK CITY — JLL has negotiated the $58 million sale of a 13,707-square-foot multifamily development site in downtown Brooklyn. The site at 55 Smith St./160 Livingston St. can support between 137,000 and 164,000 buildable square feet of product and is eligible for the state’s 485-x affordable housing tax incentive. Mike Mazzara, Ethan Stanton, Brendan Maddigan and Drew Isaacson of JLL represented the seller, Edison Properties, in the transaction. The buyer, CW Realty Group, did not disclose specific development plans for the site.

October 29, 2026

California Development Loans Multifamily Western

Truist Provides $152M Construction Loan for Marina Shores Multifamily Project in Long Beach

by Amy Works October 29, 2026

LONG BEACH, CALIF. — Truist has closed a $152 million construction loan for Marina Shores, an apartment community at 6615 E. Pacific Coast Highway in Long Beach. Carmel Properties is developing the asset. The six-story project will convert an office complex and surface lot into a mixed-income community with 390 apartments and approximately 5,400 square feet of ground-floor retail space. Construction began in October, with completion slated for March 2029. Truist served as administrative agent and sole bookrunner on the development loan. Jason Paxton and Walt Reece led the transaction.

October 29, 2026

Arizona Development Multifamily Western

Origin Investments, Mill Creek Residential to Develop 190-Unit Apartment Community in Old Town Scottsdale

by Amy Works October 29, 2026

SCOTTSDALE, ARIZ. — Origin Investments and Mill Creek Residential have unveiled plans to develop Modera Old Town, a multifamily property in Old Town Scottsdale. Construction on the 190-unit property will begin in October, with completion slated for mid-2029. The new development is the second venture between Origin and Mill Creek Residential and is an expansion of Mill Creek’s Modera brand. Situated on 2 acres at 7120 E. Indian School Road, Modera Old Town will feature 73 one-, 101 two- and 16 three-bedroom apartments averaging 1,076 square feet. Apartment interiors will include stainless steel appliances, quartz countertops, tile backsplashes, vinyl-plank flooring, premium cabinetry, kitchen islands, undermount sinks, under-cabinet lighting, full-size washers/dryers, private patios or balconies, roller shades and smart home features. Community amenities will include a resort-style pool, an outdoor kitchen, poolside cabanas, lounge seating, and outdoor grilling and entertainment areas with a fire feature. Additional amenities will include a resident clubhouse, entertainment lounge, modern dining and bar space, a fitness center, coworking spaces and private conferences rooms. For Origin, Modera Old Town represents the final investment in its Opportunity Zone Fund III and its 22nd overall opportunity zone development. Modera Old Town is Mill Creek’s 12th opportunity zone development.

October 29, 2026

Development Illinois Industrial Midwest

Venture One, BGO to Break Ground on 719,200 SF Spec Industrial Facility in Geneva, Illinois

by Kristin Harlow October 29, 2026

GENEVA, ILL. — Venture One Real Estate, in partnership with BGO, will break ground on Venture Park Geneva, a 719,200-square-foot speculative industrial development in Geneva. The project site, spanning 54 acres, is located within the Fox Valley industrial submarket and offers convenient access to I-88 via the full interchange at Farnsworth Avenue. The facility will offer flexibility to accommodate users requiring 400,000 square feet or more. The project will feature a clear height of 40 feet, 120 dock positions and 555 car parking stalls. Brian Kling and Reed Adler of Colliers will market the property for lease.

October 29, 2026

Development Georgia Multifamily Southeast

Hillpointe Opens 312-Unit Multifamily Community in White, Georgia

by Abby Cox October 29, 2026

WHITE, GA. — Winter Park, Fla.-based Hillpointe has opened Pointe Grand Cassville, a 312-unit, garden-style multifamily community located in White, a northwest suburban node of Atlanta in Bartow County. Pointe Grand Cassville is Hillpointe’s third community to open in Georgia this year. The community offers two-bedroom, two-bathroom apartments spanning 1,170 square feet in size. Amenities include a resort-style swimming pool with private cabanas; pickleball courts; 24-hour fitness center; clubhouse with a coffee and tea bar; business center; outdoor grilling pavilion; community fire pit; leash-free dog park; pet spa; valet trash service; community Wi-Fi; and electric vehicle charging stations. Monthly rental rates begin at $1,659, according to Apartments.com.

October 29, 2026

Development Retail Texas

Joint Venture Breaks Ground on Retail Component of 101-Acre Mixed-Use Project in Kyle, Texas

by Taylor Williams October 28, 2026

KYLE, TEXAS — A joint venture between Houston-based developer NewQuest and Transwestern Investments has broken ground on the retail component of Kyle Park, a 101-acre mixed-use project located at the northeast corner of I-35 and Bebee Road in Central Texas. The retail component of Kyle Park will feature a 412,588-square-foot lifestyle center that is preleased to tenants such as Dick’s Sporting Goods, Burlington, HomeGoods, ULTA Beauty, TJ Maxx, Barnes & Noble, Boot Barn and EōS Fitness. The development is also planned to include hospitality and multifamily uses. An expected completion date for the retail component was not announced.

October 28, 2026

Development Hospitality Mixed-Use Texas

Henley Capital Underway on Hotel Redevelopment Project Near Downtown Dallas

by Taylor Williams October 28, 2026

DALLAS — Locally based development and investment firm Henley Capital is underway on a hotel redevelopment project near downtown Dallas. Demolition of the former City Inn & Suites hotel at 223 S. Ewing Ave., which is located adjacent to Halperin Park and about four miles south of downtown, began in mid-August. Henley Capital plans to redevelop the site into a mixed-use property with multifamily and retail components, with the potential to incorporate other uses as well. Susser Bank is financing the project, an expected completion date of which was not announced.

October 28, 2026

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