Development

Glenstar Inks 1.3 MSF Industrial Lease with First Solar at CCC-85 Project in Gaffney, South Carolina

by John Nelson November 25, 2025

GAFFNEY, S.C. — Glenstar Logistics has signed First Solar to a 1.3 million-square-foot lease at Cherokee Commerce Center 85 (CCC-85), a 290-acre industrial development in Gaffney. First Solar will invest $330 million to expand CCC-85’s Building 2 from a 550,520-square-foot, cross-dock facility into a 3.7-gigawatt manufacturing plant spanning 1.3 million square feet. First Solar will use the facility to transform thin-film solar cells produced by First Solar’s international fleet into fully assembled modules. The plant is expected to create more than 600 jobs and begin operations in second-half 2026. The facility is located at 121 Logistics Drive, which sits about equidistant between Charlotte and Greenville along I-85 in Cherokee County. First Solar, which is the largest solar panel manufacturer in the country, operates a distribution center in nearby Duncan, S.C. Michael White of Savills and Nate Zoucha of CBRE represented First Solar in the lease transaction. John Montgomery, Garrett Scott, Dillon Swayngim and Brockton Hall of Colliers’ Spartanburg office represented the landlord. The design-build team for the expansion includes Evans General Contractors, Ware Malcomb and SeamonWhiteside. Glenstar, along with capital partner Creek Lane Capital, delivered Building 2 at CCC-85 in January.

November 25, 2025

Development Multifamily Texas

Presidium Completes 374-Unit Apartment Community in North Austin

by Taylor Williams November 25, 2025

AUSTIN, TEXAS — Texas-based developer Presidium has completed Presidium 183, a 374-unit multifamily project located near The Domain in North Austin. Designed by O’Brien Architects, Presidium 183 offers several different floor plans, and units are furnished with stainless steel appliances, quartz-style countertops and individual washers and dryers. Amenities include a coworking lounge with private offices, fitness center with yoga and spin studios, a speakeasy-style bar, entertainment room with a theater and golf simulator, outdoor game lawn, pool and a dog run. Construction began in late 2023. Leasing launched in April, at which point rents started at roughly $1,320 per month for a studio apartment.

November 25, 2025

Development Leasing Activity Restaurant Retail Texas

McDonald’s to Open Restaurant at Shops at Sedona Lakes in Manvel, Texas

by Taylor Williams November 25, 2025

MANVEL, TEXAS — McDonald’s will open a new restaurant in Manvel, located south of Houston. The fast food giant has ground-leased a 43,720-square-foot pad site at The Shops at Sedona Lakes from local owner-operator NewQuest. Lara Lee LaMendola represented NewQuest in the negotiations on an internal basis. Greg Stanislawski of The Retail Strategy represented McDonald’s.

November 25, 2025

Colorado Development Multifamily Western

Greystar Launches Leasing at 309-Unit High-Rise Apartment Property in Denver

by Amy Works November 25, 2025

DENVER, COLO. — Preleasing has begun at The Parson, a 309-unit high-rise Greystar is developing in Denver’s Golden Triangle neighborhood. The project is slated for completion next year. According to Zillow, monthly asking rents range from $2,055 for a studio to $13,690 for a three-bedroom penthouse. The Parson features 4,100 square feet of retail space. Amenities include a fifth-floor pool with views of the Rocky Mountains, a two-story gym with a sauna and a yoga lawn, concierge services, shared workspaces and an indoor and outdoor dog park. Ziegler Cooper was the architect.

November 25, 2025

Development Multifamily New York Northeast

Partnership Completes Lease-Up of 49-Unit Apartment Building in Brooklyn

by Taylor Williams November 25, 2025

NEW YORK CITY — A partnership between William Macklowe Co. and GreenBarn Investment Group has completed the lease-up of a 49-unit apartment building in the Park Slope area of Brooklyn. Designed by SLCE Architects with interiors by Durukan Design, the four-story building is part of the Paseo on Fifth development, which comprises 131 units across two buildings. Residences at Paseo on Fifth come in studio, one- and two-bedroom floor plans. Rents start at roughly $3,200 per month for a studio apartment.

November 25, 2025

Civic Development Industrial Midwest Missouri

Kansas City Aviation Department Selects Developer for Remaining 20 Acres at Downtown Airport

by Kristin Harlow November 25, 2025

KANSAS CITY, MO. — The Kansas City Aviation Department has selected Airside Innovation Missouri LLC, a joint venture between Kansas City natives Kyle Eiserer of Airside FBO and Erik Murray of Eastside Innovation, to develop the last 20 acres of available land at the Kansas City Downtown Airport – Wheeler Field. The $55 million development will include a new fixed base operation (FBO) led by Kansas City-based Apex Aero Center with a 15,000-square-foot terminal building and more than 150,000 square feet of new hangar, office and shop space designed to serve business, government and general aviation users. FBOs are often the first point of contact for visitors arriving by air. Known as Project Lima, the development was selected through a request for proposals process and received unanimous approval from the Kansas City Council in September. The developers executed a long-term lease on the property last month. The project will also include the expansion of Red Tail Academy, a Kansas City-based nonprofit focused on educating and mentoring underrepresented youth in aviation. The broader project team includes Crossroads Real Estate Group, WSKF Architects, TREKK Design Group, Bob D Campbell & Co., FSC Inc., LM2 Construction, McCownGordon Construction and AvAirPros. Completion is slated …

November 25, 2025

Company News Data Centers Development Top Stories Washington Western

Amazon to Invest Up to $50B to Expand AI Infrastructure for U.S. Government

by John Nelson November 25, 2025

SEATTLE AND WASHINGTON, D.C. — Amazon (NASDAQ: AMZN) has announced an investment up to $50 billion to expand artificial intelligence (AI) and supercomputing abilities for Amazon Web Services (AWS) U.S. government clients. Amazon will break ground beginning next year on advanced data centers that will add 1.3 gigawatts of AI and supercomputing capacity. AWS currently supports more than 11,000 government agencies. The cloud computing software provides security, compliance and governance tools for the government control of unclassified and classified data. The new investment is expected to enable federal government agencies — including defense, healthcare and energy departments — in their discovery and decision-making processes using simulation and modeling data with AI. Amazon’s investment directly supports the Trump Administration’s AI Action Plan outlined in June 2025. “Our investment in purpose-built government AI and cloud infrastructure will fundamentally transform how federal agencies leverage supercomputing,” says Matt Garman, CEO of AWS. “We’re giving agencies expanded access to advanced AI capabilities that will enable them to accelerate critical missions from cybersecurity to drug discovery. This investment removes the technology barriers that have held government back and further positions America to lead in the AI era.” Amazon’s investment is the latest deal in the private sector’s …

November 25, 2025

Development Multifamily Texas

Mia Rose Holdings Breaks Ground on 98-Unit Multifamily Project in Waxahachie, Texas

by Taylor Williams November 24, 2025

WAXAHACHIE, TEXAS — St. Louis-based developer Mia Rose Holdings has broken ground on The Emory at North Grove, a 98-unit multifamily project in Waxahachie, about 30 miles south of Dallas. The mid-rise building will feature one- and two-bedroom units, retail space and such amenities as a resort-style saltwater pool and a fitness center. Bradbury Construction is the general contractor for the project, completion of which is slated for late summer 2026.

November 24, 2025

Acquisitions Development Multifamily New York Northeast

JLL Brokers $58.8M Sale of Multifamily Development Site in Brooklyn

by Taylor Williams November 24, 2025

NEW YORK CITY — JLL has brokered the $58.8 million sale of a multifamily development site in the Gowanus area of Brooklyn. The 38,500-square-foot site at 563 Sackett St. lies within a Qualified Opportunity Zone and can support approximately 258,600 buildable square feet. A 12-story, 350-unit development with other commercial uses is planned for the site. Michael Mazzara, Ethan Stanton and Brendan Maddigan of JLL represented the seller, the Mazzei Family, in the transaction and procured the buyer, Brooklyn developer Fulltime Management.

November 24, 2025

California Development Loans Multifamily Western

Northmarq Secures $66.1M Construction Loan for Palm & Hollister Apartments in San Diego

by Amy Works November 24, 2025

SAN DIEGO — Northmarq has arranged a $66.1 million construction loan on behalf of Ambient Communities for the development of Palm & Hollister Apartments in San Diego. Located at 555 Hollister St., the proposed community will feature 198 apartments. Aaron Beck, Bryce Quezada, Conor Freeman and Wyatt Campbell of Northmarq arranged the financing through Genesis Capital. The loan includes a three-year initial term and the option to roll into a mini perm upon completion of construction.

November 24, 2025

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