TOMBALL, TEXAS — Colliers has brokered the sale of a 16.2-acre commercial development site located along South Chestnut Street in Tomball, a northeastern suburb of Houston. Tom Condon Jr. of Colliers represented the buyer, the Tomball Economic Development Corp. (TEDC), in the transaction. The seller and sales price were not disclosed. The TEDC bought the parcel with the intent of assembling a larger site, specific development plans for which have yet to be determined.
NEW YORK CITY — Locally based owner-operator BRP Cos. has completed Ruby Square, a 614-unit mixed-income multifamily development in the Jamaica area of Queens. Ruby Square features a mix of studios (seven), one-bedroom units (454) and two-bedroom apartments (153). About a third (185) of the units are affordable for residents earning between 80 and 130 percent of the area median income. The property also offers 50,000 square feet of amenity space across a two-level private park, multiple rooftop lounges, a fitness center, coworking spaces, multiple resident lounges, an indoor basketball court, children’s playroom, pet grooming facilities and a 24/7 attended lobby. Leasing launched in May, at which time market-rate rents started at about $2,800 per month.
WESTAMPTON, N.J. — Mapletree, a development and investment firm based in Singapore, has broken ground on a 250,000-square-foot industrial facility in Westampton, located in Southern New Jersey’s Burlington County. The site spans 22.5 acres and offers immediate proximity to the New Jersey Turnpike. Building features will include a clear height of 36 feet, 44 dock doors, two drive-in doors and parking for 150 cars and 62 trailers. Blue Rock Construction is serving as the general contractor for the project. JLL is the leasing agent. Completion is slated for mid-2026.
NEW YORK CITY — Locally based brokerage firm Ariel Property Advisors has arranged the $20 million sale of a multifamily development site in the Prospect Lefferts Gardens neighborhood of Brooklyn. The site at 224-240 Clarkson Ave. is located within an Opportunity Zone and can support up to 150,000 buildable square feet of new development. Sean Kelly, Shimon Shkury and Lawrence Sarn of Ariel Property Advisors represented the seller, private investor Albert Rabizadeh, in the transaction. The buyer was not disclosed.
Partnership Breaks Ground on 66-Unit Affordable Seniors Housing Project in New Brunswick, New Jersey
NEW BRUNSWICK, N.J. — A partnership between Pennrose and The New Brunswick Housing & Redevelopment Authority has broken ground on Hildebrand Commons, 66-unit affordable seniors housing project that will be located in Central New Jersey. The six-story building will offer one- and two-bedroom apartments that will be reserved for households earning 20 to 60 percent of the area median income. Five apartments will be set aside for formerly homeless individuals. Amenities will include a community room, fitness center and an outdoor courtyard. The first move-ins are expected to begin in fall 2026.
DECATUR, GA. — Northwood Ravin plans to develop Halo, a 370-unit luxury apartment community in Decatur. The Charlotte-based developer plans to deliver first units next April and fully finish the five-story development by January 2027. Situated in the city’s East Decatur neighborhood, Halo will offer a mix of one-, two- and three-bedroom apartments, as well as retail and plaza space and live-work units with street-level entrances. Northwood Ravin is partnering with Eric Carlton of Oakhurst Realty Partners on the retail tenant mix. The first confirmed retail tenant is Galore Market, a neighborhood market concept from the creators of O4W Market near Krog Street Market. Planned amenities at Halo include a rooftop pool, more than 3,000 square feet of fitness space, including a private yoga studio and exercise room, gaming lawn, pergola with covered seating, outdoor movie projector, fire pit, a hidden bar with full service and surprise cocktail events, sports bar, golf simulator, pet spa and a community coworking club with an embedded coffee shop.
BELTSVILLE, MD. — Logistics Property Co. (LogiPropCo) has broken ground on Beltsville Logistics Center, a two-building, 270,000-square-foot industrial development in the Washington, D.C., suburb of Beltsville. The property is situated on Md. Route 200 and has immediate access to I-95. Building 1 at Beltsville Logistics Center will total 147,358 square feet and Building 2 will total 122,606 square feet. Both buildings will feature 32-foot clear heights, ample dock doors and auto parking spaces. The design-build team includes FCL Builders (general contractor), Powers Brown Architecture (architect), LJB Engineering (structural engineer) and Salas O’Brien (MEP engineer). LogiPropCo expects to deliver the development in third-quarter 2026.
WOODLAND, WASH. — Trammell Crow Co. (TCC) has broken ground on Woodland Industrial Park, a speculative development in Woodland, approximately 22 miles from Portland, Ore. Slated for delivery by fall 2026, Woodland Industrial Park will feature two buildings offering a total of 931,186 square feet of Class A space being offered for lease or sale. Situated on 66 acres at 345 N. Pekin Road, Woodland Industrial Park will include a 655,094-square-foot cross-dock warehouse with a clear height of 40 feet and 130 trailer parking stalls and a 276,092-square-foot rear-loaded building with a clear height of 36 feet and yard area that can accommodate up to 98 trailer parking stalls. Mackenzie designed the project, while Sierra Construction is serving as general contractor. Capacity Commercial Group is marketing the development.
TEMPE, ARIZ. — Indiana-based Thompson Thrift has broken ground on South Tempe Square, a 27,000-square-foot neighborhood shopping center located in Tempe, roughly 10 miles east of Phoenix. Nearly 75 percent of the property is preleased or under lease negotiations. Tenants who have already signed leases include BURN Total Body Conditioning, Pacific Dental, Look Lab, Luna Grill Restaurant, The Slice House by Tony Gemignani and GoodVets. A 4,500-square-foot restaurant pad and two inline retail spaces are still available for lease. A construction timeline was not disclosed.
NORTH CHICAGO, ILL. — AbbVie (NYSE: ABBV) has unveiled a $195 million investment to expand its North Chicago manufacturing plant to include domestic active pharmaceutical ingredient (API) production. The expansion is part of AbbVie’s previously announced commitment to invest more than $10 billion of capital in the U.S. to support innovation and expand critical manufacturing capabilities and capacity. API manufacturing involves producing the active components responsible for the therapeutic effects of medications. The new North Chicago API facility will expand AbbVie’s chemical synthesis capabilities in the U.S., supporting domestic production of current and next-generation neuroscience, immunology and oncology medicines. Construction of the new facility is slated to begin this fall, with the site projected to be fully operational in 2027. The project will expand AbbVie’s existing U.S. manufacturing footprint, which supports more than 6,000 American jobs across 11 manufacturing sites and thousands of additional jobs at suppliers around the U.S. AbbVie is headquartered in North Chicago and employs more than 11,000 people in the state that work to develop and manufacture medicines for patients worldwide.