Development

TCC, Daiwa House Break Ground on 687,338 SF Industrial Project in Southwest Houston

by Taylor Williams August 24, 2026

HOUSTON — A joint venture between Trammell Crow Co. (TCC) and Japanese developer Daiwa House has broken ground on a 687,338-square-foot industrial project in southwest Houston. The project represents Phase II of Blue Ridge Commerce Center and will consist of three buildings on a 40.9-acre site. Buildings will span 182,908, 200,622 and 303,808 square feet and feature a mix of configurations in addition to 32- to 36-foot clear heights. Seeberger Architecture designed the project, and E.E. Reed Construction is serving as the general contractor. BGE is the project’s civil engineer, and CBRE is the leasing agent. Sumitomo Mitsui Banking Corp. is financing construction, which is expected to be complete next spring.

August 24, 2026

Development Office Texas

Hugs Café Inc. Opens $10M SF Headquarters Office in McKinney, Texas

by Taylor Williams August 24, 2026

MCKINNEY, TEXAS — Hugs Café Inc., a nonprofit organization dedicated to providing training and employment for individuals with intellectual and developmental disabilities, has opened its $10 million headquarters office in McKinney, located north of Dallas. Spanning 13,500 square feet, the facility features an onsite training academy, commercial training kitchen, classrooms, a rooftop deck and an outdoor patio, as well as administrative offices, dedicated learning areas and flexible workspaces. KDC designed the facility.

August 24, 2026

Development Industrial Louisiana Southeast

Amazon to Invest $6B to Build New Data Center Campus in Shreveport, Louisiana

by Abby Cox August 24, 2026

SHREVEPORT, LA. — Amazon has unveiled plans to invest an estimated $6 billion in northwest Louisiana for the development of a new data center. The data center, which will be located at Resilient Technology Park in Shreveport, is expected to create 210 direct jobs and 499 indirect jobs. This expansion marks the third data center planned in the state, bringing Amazon’s data center investment in Louisiana to $18 billion. The announcement comes less than six months after its initial $12 billion investment in February. Amazon will continue to partner with STACK Infrastructure, the developer and owner of the three planned campuses, to lead the construction and development of the data center facilities. The data centers in Louisiana are expected to rely on air cooling for most of the year, using water for cooling only when temperatures exceed approximately 85 degrees Fahrenheit —which is anticipated to occur less than 13 percent of the year in the region. Amazon also plans to invest up to $400 million in public water infrastructure to support all three campuses and has coordinated with local utilities to ensure sufficient capacity for both its facilities and existing customers. The company says it will fund all water and wastewater …

August 24, 2026

Development Florida Leasing Activity Multifamily Southeast

Integra Investments, City of North Miami Begin Preleasing for 342-Unit Mixed-Income Apartment Complex

by Abby Cox August 24, 2026

NORTH MIAMI, FLA — Integra Investments, in partnership with the City of North Miami Community Redevelopment Agency (CRA), has begun preleasing for Lakeview at Nomi, a 342-unit mixed-income apartment complex located in North Miami. Move-ins are expected to begin in November. The seven-story building features 34 units reserved for residents earning 60, 70 and 80 percent the of the area median income (AMI), and the remaining units will be reserved for residents earning up to 120 percent of the AMI. Lakeview at Nomi features one-, two- and three-bedroom floorplans, as well as select floorplans with dens and four live-work residences. Apartments range in size from 605 to 1,245 square feet, while live-work units span approximately 1,280 to 1,915 square feet. Amenities at the complex will include a resort-style swimming pool and pool deck with a summer kitchen; fitness center; dedicated coworking space; central courtyard; clubhouse that features a lounge and coffee bar; playground; enclosed dog park; and a 528-foot linear park. The project team for Lakeview at Nomi includes Anillo Toledo Lopez Architecture (architect); Integra Build, Integra Investments’ in-house construction arm (general contractor); ID & Design International (interior designer); Valentina Interior Design (art curation); and EGS2 (landscape architect). In addition, TRG Management will lead leasing and property …

August 24, 2026

Development Industrial Oregon Western

Genentech to Invest $750M in Manufacturing Facility in Hillsboro, Oregon

by Amy Works August 24, 2026

HILLSBORO, ORE. — Genentech, a member of Swiss pharmaceutical company Roche Group, plans to invest $750 million in a new manufacturing facility at its 75-acre campus in Hillsboro. The development will bring new end-to-end device filling capabilities to the site and expand Genentech’s capacity to support its future pipeline of innovative medicines. The new facility will support the manufacturing of advanced drug delivery devices, such as pre-filled syringes and auto injectors. Designed for flexibility, the facility will be capable of both high- and low-volume device filling across a broad range of Genentech’s portfolio, enabling the site to respond to changing manufacturing needs as the company’s portfolio evolves. Established in 2006, the Hillsboro campus is a hub for Genentech’s U.S. manufacturing network, supporting production across a broad range of therapeutic areas, including oncology, immunology and neurology. Roche and Genentech’s current U.S. footprint includes 13 manufacturing sites, 15 research and development sites and approximately 25,000 employees across 24 locations in eight states.

August 24, 2026

Build-to-Rent Development Iowa Midwest Single-Family Rental

Stark Enterprises to Develop 164-Unit Build-to-Rent Community in Grimes, Iowa

by Kristin Harlow August 24, 2026

GRIMES, IOWA — Stark Enterprises, a Cleveland-based developer, is expanding its residential portfolio into Iowa with Blue Creek Village, a 164-unit build-to-rent community in Grimes. The land acquisition is complete, and the development is fully capitalized. Construction is expected to begin this year, with the first homes slated for delivery in 2027. The project marks the first development in Iowa for Stark Enterprises. Blue Creek Village will feature 164 ranch-style rental homes across 33.8 acres. Each residence is designed with open-concept layouts, private outdoor space and attached two-car garages. Units will average 1,189 square feet and come in one-, two- and three-bedroom floor plans. Amenities will include a fitness center, clubhouse, pool, pickleball court, multi-sport simulator, dog park and outdoor gathering spaces. Stark Living, Stark Enterprises’ residential platform, will develop the property, and the company’s in-house construction arm, Arbor Construction, will serve as general contractor.

August 24, 2026

Development Loans Multifamily Texas

Associated Bank Provides $50.1M Construction Loan for Multifamily Project in Flower Mound, Texas

by Taylor Williams August 21, 2026

FLOWER MOUND, TEXAS — Associated Bank has provided a $50.1 million construction loan for Aura Brookview, a 300-unit multifamily project in Flower Mound, located in the northern-central part of the metroplex. The site spans 10 acres within the 240-acre Brookview master-planned community, and the development will consist of four four-story buildings. Floor plans were not disclosed. Residences will be furnished with stainless steel appliances, quartz countertops and in-unit washers and dryers. Amenities will include a pool, fitness center, coworking space, a dog park and outdoor grilling and dining stations. The borrower is Dallas-based Trinsic Residential Group. A tentative completion date was not announced.

August 21, 2026

Development Florida Southeast Student Housing

Portman, 908 Group Deliver 674-Bed Student Housing Community Near Florida State University

by Abby Cox August 21, 2026

TALLAHASSEE, FLA. — Atlanta-based Portman and Tampa-based 908 Group, along with Canyon Partners Real Estate and PTM Partners, have opened The Hall, a 674-bed student housing community near Florida State University (FSU) in Tallahassee. Situated adjacent from Legacy Hall, the new home of the FSU College of Business, The Hall features 191 apartments across two mid-rise buildings. Amenities at the complex include two swimming pools, two fitness centers, property-wide Wi-Fi, 425 parking spaces and 7,689 square feet of ground-floor retail.

August 21, 2026

Development Maryland Mixed-Use Southeast

Club Studio to Co-Anchor $450M Mixed-Use Development in Frederick, Maryland

by Abby Cox August 21, 2026

FREDERICK, MD. — Greenberg Gibbons has signed a lease with Club Studio at Frederick Brickworks, a $450 million, 65-acre mixed-use destination in Frederick, roughly 50 miles northwest of Baltimore. The fitness club will occupy a 30,000-square-foot space and will join a 35,000-square-foot Whole Foods Market as a co-anchor. The development will feature a mix of additional tenants such as honeygrow, First Watch, Shake Shack, Dave’s Hot Chicken and Inspire Nail Bar. The first phase of the project will also include 332 apartments and 320 for-sale townhomes built by Wormald and NVR Inc. Completion of the first phase is scheduled for 2028. According to the City of Frederick, the project proposal calls for 1,260 residential units and 130,000 square feet of commercial space. The planning commission approved the master plan in October 2023, and Greenberg Gibbons closed on the land acquisition in June 2026. The site formerly housed the historic Frederick Brick Works factory, which opened in 1891.

August 21, 2026

Development Illinois Midwest Multifamily

First Move-Ins to Begin Soon at The Bellwether Office-to-Residential Conversion Project in Chicago

by Kristin Harlow August 21, 2026

CHICAGO — First move-ins are expected to begin later this month or early September for The Bellwether, an office-to-residential conversion of the building at 79 W. Monroe in Chicago’s Loop. RMK Management Corp. has been hired to oversee leasing and property management for the 14-story, 117-unit community, which is currently 57 percent leased. Originally built in 1905, the property underwent a major expansion in 1924, serving as office space and a bank headquarters over the years. In 2025, R2 Cos. began redevelopment of the structure. The project marks the first office-to-residential conversion to be completed as part of the city’s LaSalle Street revitalization initiative, which provides private funding and tax-increment financing assistance for mixed-income residential projects and other neighborhood-oriented amenities in the corridor. The Bellwether features studio, one- and two-bedroom units measuring 425 to 1,178 square feet, with rents ranging from $1,996 to $4,887 per month. The property includes 41 Affordable Requirements Ordinance units. Amenities include a variety of remote workspaces on the 14th floor, a bar area, fitness center, two sauna rooms, a game room, dog spa and rooftop deck.

August 21, 2026

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