Development

Scout Motors Selects Charlotte for New U.S. Corporate Headquarters, Plans $206M Investment

by Taylor Williams November 14, 2025

CHARLOTTE, N.C. — Scout Motors has selected Charlotte as its new U.S. corporate headquarters. The car manufacturer and subsidiary of German automaker Volkswagen plans to invest about $206 million within the local economy and to bring about 1,200 new jobs to the trade area. Scout Motors plans to fill these jobs over the next five years and will pay average annual wages of $172,000, which the company says is nearly double the average annual wage in Mecklenburg County. Scout Motors will locate its headquarters within Commonwealth, a mixed-use development in Charlotte’s Plaza Midwood neighborhood that is co-developed by Crosland Southeast and Nuveen Real Estate. The announcement builds on previous U.S. real estate activity by Scout Motors. The company is currently under construction on a 1,100-acre car manufacturing facility roughly 75 miles south of Charlotte in Blythewood, S.C., a project that is expected to be operational by 2027. The company also operates an “innovation center” in Novi, Mich. According to The Center Square, a watchdog publication that covers activities of state and local governments, Scout Motors received roughly $72 million in economic incentives for the deal. These included about $51.3 million from the State of North Carolina, $12.8 million from Mecklenburg …

November 14, 2025

Development Mixed-Use Texas

Transwestern Breaks Ground on Mixed-Use Project in Houston’s River Oaks Neighborhood

by Taylor Williams November 13, 2025

HOUSTON — Transwestern has broken ground on a mixed-use project in Houston’s River Oaks neighborhood that represents the next phase of The Ro, a 17-acre development located at the intersection of West Alabama Street and Buffalo Speedway. The ensuring phase of The Ro will feature The Birdsall, Auberge Collection, which will consist of 44 residences and 105 boutique hotel rooms; The Clayton, a 317-unit apartment community; 80,000 square feet of retail and restaurant space; and office space. The previous phase of The Ro featured a 145,000-square-foot office building that is nearing completion and scheduled for tenant occupancy in June 2026. The Birdsall and The Clayton, as well as the retail component of the next phase, are expected to be delivered in late 2027.

November 13, 2025

Build-to-Rent Development Single-Family Rental Texas

NexMetro Begins Leasing 260-Unit Build-to-Rent Project in Liberty Hill, Texas

by Taylor Williams November 13, 2025

LIBERTY HILL, TEXAS — NexMetro, a Phoenix-based build-to-rent (BTR) developer, has begun leasing Avilla Rio Oaks, a 260-unit community located about 35 miles northwest of Austin in Liberty Hill. The gated community sits on 25 acres and features one-level homes in one-, two- and three-bedroom formats with garages or covered parking. Amenities include a pool, grilling stations, lounge areas, a dog park and walking paths. Rents start at roughly $1,400 per month for a one-bedroom home.

November 13, 2025

California Development Multifamily Seniors Housing Western

CCI to Develop 236-Unit Senior Living Community in Southern California

by Amy Works November 13, 2025

WOODLAND HILLS, CALIF. — CCI has announced plans for the development of a 236-unit luxury senior living community in Woodland Hills, roughly 25 miles northwest of Los Angeles. Upon completion, Livelle Mulholland will feature 200 independent living units, seven villas, 16 assisted living apartments and 13 memory care units. LCS will manage the community. Amenities at the property will include a wellness center with therapy pools, nature trails and outdoor game courts, underground and attached garage parking, a restaurant, wine bar and rooftop lounge, indoor and outdoor theaters and classrooms. Construction is scheduled to begin in the second quarter of 2026, with a grand opening planned for the second half of 2028. The project team includes architect Perkins Eastman and engineer KPFF. Envicom is handling environmental and land planning, and Carlberg Associates and Brenner Consulting Group are responsible for horticulture and permit administration, respectively.

November 13, 2025

Development Multifamily New Jersey Northeast

Value Cos. Completes Lease-Up of 24-Unit Apartment Complex in Clifton, New Jersey

by Taylor Williams November 13, 2025

CLIFTON, N.J. — Value Cos. has completed the lease-up of Phase II of The Point at Gateways in the Northern New Jersey community of Clifton. Located within the Gateways at Randolph development, the 24 Phase II apartments come exclusively in two-bedroom formats. Amenities at The Point at Gateways include a pool, fitness center, playground, outdoor grilling and dining stations and an event space with a catering kitchen, children’s playroom, video gaming lounge, workstations, billiards and TVs.

November 13, 2025

Development North Carolina Retail South Carolina Southeast

Food Lion Invests $484M to Upgrade 153 Grocery Stores Across the Carolinas

by John Nelson November 13, 2025

SALISBURY, N.C. — Food Lion is investing $484 million to enhance the customer shopping experience with 153 remodeled stores. The stores were unveiled on Nov. 5 throughout the greater Charlotte market. Founded in Salisbury in 1957, Food Lion operates more than 1,100 stores throughout 10 Southeastern and Mid-Atlantic states. Additionally, Ahold Delhaize USA, the parent company of Food Lion as well as Giant Food and Stop & Shop, recently announced it is investing $860 million for its new East Coast distribution hub in Burlington, N.C.

November 13, 2025

Acquisitions Development Hospitality Southeast Tennessee

City of Memphis Acquires 600-Room Sheraton Memphis Downtown Hotel, Plans Redevelopment

by John Nelson November 13, 2025

MEMPHIS, TENN. — The City of Memphis has acquired the Sheraton Memphis Downtown, a 600-room hotel located at 250 N. Main St. in downtown Memphis. The seller, an undisclosed institutional hotel investment firm, and the sales price were not disclosed, though local media outlets are reporting the asset traded for $22 million. Spencer Davidson and Tim Osborne of Hunter Hotel Advisors brokered the transaction. The city is partnering with Carlisle Development Group to overhaul and rebrand the property as Marriott Hotel Downtown Memphis. The hotel currently features 18,131 square feet of onsite meeting space, an indoor pool, fitness center and direct access via an enclosed skywalk to the 300,000-square-foot Renasant Convention Center, which recently underwent a $200 million modernization. Specific plans and construction timelines for the hotel redevelopment project were not released.

November 13, 2025

Development Multifamily North Carolina Southeast

Swinerton, Space Craft Top Out $111M Multifamily Development in Charlotte

by John Nelson November 13, 2025

CHARLOTTE, N.C. — Swinerton, working on behalf of developer Space Craft, has topped out Cordo, a $111 million multifamily development located at 512 E. 21st St. in Charlotte’s Optimist Park neighborhood. The development, the fifth between Swinerton and Space Craft, will feature 287 studio, one-, two-, three- and four-bedroom units, as well as a rooftop terrace, resident lounge/game room with a full kitchen, meeting and coworking spaces, outdoor courtyard and fitness and wellness areas. Designed by Charlotte-based architecture firm Shook Kelley, the project will feature cross-laminated timber (CLT) decks, which will create exposed timber ceilings. Timberlab, sister company of Swinerton, prefabricated approximately 50,000 linear feet of wood wall framing and 185,000 square feet of CLT using pine, spruce and fir in its Greenville, S.C., facility for the development. The project team broke ground on Cordo last fall and expects to deliver the community by summer 2027.

November 13, 2025

Development Industrial Leasing Activity South Carolina Southeast

Farpoint Inks Industrial Lease With BMarko Structures in Williamston, South Carolina

by John Nelson November 13, 2025

WILLIAMSTON, S.C. — Farpoint has executed a new 10-year lease with BMarko Structures, a manufacturer of modular buildings, at 134 Long Road in Williamston. Farpoint recently delivered the 560,240-square-foot facility in Anderson County, a submarket in the Upstate South Carolina region. BMarko’s new corporate headquarters is expected to create 225 full-time jobs and tap into the skilled workforce and advanced manufacturing presence in the I-85 corridor, according to Farpoint. BMarko’s past projects include the popular Bal Harbour Shops pop-up in Miami, as well as prefabricated data centers.

November 13, 2025

Civic Development Texas

City of Waco Unveils Plans for $1.4B Downtown Redevelopment

by Taylor Williams November 12, 2025

WACO, TEXAS — The City of Waco has unveiled plans for a $1.4 billion redevelopment of its downtown area. The project is a 12- to 20-year initiative that spans five districts and more than 100 acres along the Brazos River. Key components will include the development of a new building that will jointly house the operations of Waco City Hall and the Waco Independent School District. The plan also encompasses a new convention center, performing arts venue, town square/central events lawn, ballpark and enhanced green spaces. The first phase of the development will focus on infrastructure improvements, including floodplain remediation, water/sewer system upgrades, street enhancements and the establishment of a new public plaza.

November 12, 2025

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