Development

Joint Venture to Develop 749,016 SF Industrial Project Near Houston Airport

by Taylor Williams November 12, 2026

HOUSTON — A joint venture between two Houston-based groups, Transwestern Investments and Hanover Co., will develop Rankin 59, a 749,016-square-foot industrial project in North Houston. The site is located at the corner of Rankin Road and U.S. Highway 59/I-69, adjacent to George Bush Intercontinental Airport. The development will consist of a single cross-dock facility with 40-foot clear heights, 130- to 185-foot truck court depths, 106 dock doors and parking for 429 cars and 140 trailers. Construction is expected to begin in January and to last about 12 months.

November 12, 2026

Acquisitions Development Massachusetts Mixed-Use Northeast

Breakthrough Properties Completes Sale of South Boston Waterfront Development Site to P&G Gillette

by Taylor Williams November 12, 2026

BOSTON — Breakthrough Properties, which is a joint venture between New York City-based Tishman Speyer and Bellco Capital, has completed the sale of a development site at 232 A St. in South Boston to P&G Gillette. The locally based shaving products company previously announced plans to establish its new Grooming Headquarters & Technical Innovation Center at the site, an initiative valued at roughly $1 billion.Breakthrough originally acquired the 2.4-acre site in 2021 for $80 million and subsequently secured approval for a 325,000-square-foot research and development campus with 1.5 acres of public space, including a waterfront park on the Fort Point Channel. Jonathan Varholak of CBRE led the brokerage team that facilitated the land sale.

November 12, 2026

Development Industrial New York Northeast Self-Storage

CubeSmart to Open 949-Unit Self-Storage Facility in Yonkers, New York

by Taylor Williams November 12, 2026

YONKERS, N.Y. — CubeSmart will open a 949-unit self-storage facility in Yonkers, located north of New York City. New York-based Cayre Equities is developing the facility at 1060 Nepperhan Ave., and construction has now passed the midpoint and is expected to be complete in the second or third quarter of next year. Miami-based lender 3650 Capital provided a $24 million construction loan for the project that carried a 36-month term with a six-month extension option. David Eyzenberg of Eyzenberg & Co. arranged the loan on behalf of the developer.

November 12, 2026

Alabama Development Industrial Southeast

Helix Electric Breaks Ground on 1.2 MSF Advanced Fabrication Campus in Hollywood, Alabama

by John Nelson November 12, 2026

HOLLYWOOD, ALA. — Helix Electric Inc., a national electrical contractor, has broken ground on the first phase of a 1.2 million-square-foot advanced fabrication campus in Hollywood, a northeast Alabama city in Jackson County. Phase I will span 300,000 square feet of modular space and will be complete in 2028. Helix Electric will employ more than 150 people in the first phase and will produce prefabricated electrical components for users in several industries, including data centers, advanced manufacturing, multifamily and commercial real estate.

November 12, 2026

Development Retail Southeast Tennessee

GBT Realty Acquires 42.5 Acres in Middle Tennessee, Plans 300,000 SF Retail Development

by John Nelson November 12, 2026

GALLATIN, TENN. — GBT Realty Corp. has acquired 42.5 acres at the intersection of Green Lea Boulevard and Harris Lane in Gallatin, a city in Middle Tennessee’s Sumner County. The Brentwood, Tenn.-based developer plans to develop The Crossroads at Gallatin, a nearly 300,000-square-foot retail destination, at the site. Additionally, GBT Realty has signed leases with Academy Sports + Outdoors and Sprouts Farmers Market at the center for 55,000 square feet and 23,000 square feet, respectively. More tenants will be announced in the near future, according to GBT Realty, which is planning for construction to begin later this month.

November 12, 2026

Development Florida Mixed-Use Retail Southeast

Plaza Lakes to Develop 130,000 SF Shopping Center in Kissimmee, Florida

by John Nelson November 12, 2026

KISSIMMEE, FLA. — Plaza Lakes, a subsidiary of a private, family-owned business group from Puerto Rico, plans to develop a 130,000-square-foot shopping center located along Simpson Road in Kissimmee, a suburb of Orlando. The company has selected SRS Real Estate Partners to oversee leasing at the development, named The Village at Hillard Isle. The property is the retail component of the Hillard Isle master-planned community that will also include 560 apartments and 2,000 single-family homes by Pulte Group. Sandi Bargfrede, Willow Ferrelli and Sammy Gabbai of SRS are actively marketing the project, which is in the planning and permitting phase. Target users include grocers, restaurants, coffee shops, fitness, specialty retailers and daily needs retailers. Infrastructure work for the retail and multifamily portions of Hillard Isle is anticipated to begin in the first quarter of 2028. Delivery of the first commercial pads is expected by the third quarter of 2028.

November 12, 2026

Development Idaho Multifamily Student Housing Western

Gilbane, Rocky Mountain Cos. and University of Idaho Complete 451-Bed Student, Family Housing Development

by Amy Works November 12, 2026

MOSCOW, IDAHO — A partnership between Gilbane Development Co., Rocky Mountain Cos. and the University of Idaho has completed Vandal Village, a 451-bed development for graduate students and students with families on the institution’s campus in Moscow. Located at 1010 Deakin Ave., the 200,000-square-foot community offers 240 fully furnished units in two- through four-bedroom configurations. Of the property’s 451 beds, 232 are designated for graduate students and 219 for married and parenting students. The community also offers shared amenity spaces for studying, collaboration and social engagement. The development team for the project included Lydig, Integrus and Design Collective. The project is part of a larger $135 million renovation and redevelopment of South Hill and Elmwood Apartments, the Wallace Residential Center and the Theophilus Residence Building on the University of Idaho campus.

November 12, 2026

Colorado Development Retail Western

Rouler Advisors Begins $2M Renovation of Westgate Shopping Center in Metro Denver

by Amy Works November 12, 2026

LAKEWOOD, COLO. — Rouler Advisors has begun the $2 million renovation of Westgate Shopping Center, a 108,867-square-foot retail center located in Lakewood, approximately eight miles southwest of downtown Denver. Improvements will include a full parking lot replacement, new monument signage, building and storefront façades and fresh stucco and siding, along with exterior paint, LED lighting and other amenities. Completion is expected in the first quarter of 2027. In connection with this project, Burn Boot Camp recently signed a 6,662-square-foot lease, joining other tenants such as Planet Fitness, Rocky Mountain Physical Therapy and MPower Dance Studio. HAMWAD Westgate LLC, an affiliate of Rouler, owns Westgate. Rouler originally acquired the property in 2023 and also operates and manages the adjoining Mission Trace Shopping Center and Mission Trace office building, where the firm previously completed a series of multimillion-dollar renovations. Together, the properties comprise more than 16 acres.

November 12, 2026

Development Multifamily Texas Top Stories

Genesis Real Estate Completes 54-Story Apartment Tower in Downtown Austin

by Taylor Williams November 12, 2026

AUSTIN, TEXAS — Genesis Real Estate Group has completed The Travis, a 54-story apartment tower located at 80 Red River St. in downtown Austin’s Rainey Street district. Designed by KTGY, The Travis features 423 apartments in studio, one-, two- and three-bedroom floor plans and include penthouse offerings. Residences are furnished with quartz surfaces, floor-to-ceiling windows, chef-inspired kitchens and individual washers and dryers, with private balconies/patios available in select residences. Amenities include a pool, fitness center, coworking lounge, game room, podcast studio, a dog spa and direct access to Lady Bird Lake. The building also houses a 550-space parking garage. Rents start at roughly $3,000 per month for a studio apartment.

November 12, 2026

Data Centers Development Industrial Texas

Amazon to Open Data Center Campus in Glen Rose, Texas, Create 550 Jobs

by Taylor Williams November 11, 2026

GLEN ROSE, TEXAS — Amazon plans to open a data center campus in Glen Rose, about 55 miles southwest of Fort Worth, an initiative that the Seattle-based conglomerate says will create about 550 new full-time jobs. The acreage of the site and total power capacity of the campus were not disclosed, but Data Center Dynamics reported earlier this year that according to a tax abatement application filed by Amazon, the project “could total up to 18 two-story buildings across some 435 acres and some $5 billion invested.” Those figures were also reported by Crypto Briefing in early November, at which time that outlet also reported that the campus would be known as Project Spectrum and was tied to a power purchase agreement of up to 1,200 megawatts.

November 11, 2026

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