Development

Contegra Completes First Building at $117M River Valley Logistics Center in Metro St. Louis

by Kristin Harlow August 12, 2025

MARYLAND HEIGHTS, MO. — Contegra Construction has completed the first of three planned distribution centers at the $117 million River Valley Logistics Center in Maryland Heights, a northwest suburb of St. Louis. NorthPoint Development is the developer. The first building totals 357,056 square feet. Two more distribution centers totaling nearly 800,000 square feet are also planned for the 94-acre development. The first building can accommodate a single user or multiple tenants and features a clear height of 36 feet, high bay windows, 40 dock doors, LED lighting and parking for 259 cars and 98 trailers. Sansone Group is handling leasing.

August 12, 2025

Development Industrial Kentucky Michigan Midwest Southeast Top Stories

Ford Motor Co. to Invest $5B at Manufacturing Plants in Kentucky, Michigan

by John Nelson August 12, 2025

LOUISVILLE, KY. AND MARSHALL, MICH. — Automotive giant Ford Motor Co. (NYSE: F) will invest $2 billion at its Louisville Assembly Plant and $3 billion at its BlueOval Battery Park Michigan factory. Combined, the investment will create and secure approximately 4,000 jobs across both plants, as well as spur dozens of new U.S.-based suppliers, according to Ford. Ford’s investments will help the automaker deliver a suite of electric vehicles (EVs), beginning with a midsize, four-door electric pickup truck that will be assembled at its Louisville plant. Ford plans to launch domestic and international sales of the new trucks, which are expected to be priced starting at $30,000, in 2027. Jim Farley, president and CEO of Ford, says that the automaker will be the first in the country to make prismatic lithium iron phosphate (LFP) batteries, which are cobalt- and nickel-free and serve as the floor of the new EVs. Ford plans to begin manufacturing the new prismatic LFP batteries for the new electric truck at BlueOVal Battery Park Michigan next year. Located in Marshall, Mich., the factory is under construction, with the shell built out and mechanical, electrical and piping infrastructure underway. Ford says that the lithium LFP battery cell …

August 12, 2025

Data Centers Development Industrial Texas

Joint Venture to Develop 190-Megawatt Data Center in Bosque County, Texas

by Taylor Williams August 11, 2025

BOSQUE COUNTY, TEXAS — A joint venture between Energy Capital Partners (ECP), an investment firm with a focus on investing in electricity and sustainability infrastructure, and global private equity firm KKR will develop a 190-megawatt data center in Bosque County, located outside of Waco in Central Texas. The facility will be located adjacent to the Thad Hill Energy Center and will span more than 700,000 square feet. A construction timeline was not disclosed. Global data center owner-operator CyrusOne is also a partner on the project, which is being developed as part of ECP and KKR’s $50 billion strategic partnership to support AI infrastructure growth in the United States.

August 11, 2025

Development Multifamily Texas

OHT Partners Breaks Ground on 360-Unit Multifamily Project in West Houston

by Taylor Williams August 11, 2025

HOUSTON — Austin-based general contractor OHT Partners has broken ground on a 360-unit multifamily project in West Houston. The site spans 14.2 acres at 23615 Kingsland Blvd., and the development will feature 246 one-bedroom units and 114 two-bedroom residences that will range in size from 702 to 1,256 square feet. Amenities will include a pool with private cabanas and a pavilion, coworking lounge, clubroom with a kitchen, fitness center, pickleball court, artificial turf game lawn, dog park and package lockers. Meeks + Partners is the project architect. Completion is slated for mid-2027.

August 11, 2025

Development Industrial Loans Texas

CBRE Arranges $17.3M Construction Loan for Metro Houston Industrial Project

by Taylor Williams August 11, 2025

PASADENA, TEXAS — CBRE has arranged a $17.3 million construction loan for Constellation Red Bluff, a 240,041-square-foot industrial project in the eastern Houston suburb of Pasadena. The site is located at 2543 Genoa Red Bluff Road, and the development will offer 36-foot clear heights and parking for 158 cars and 20 trailers. Brian Linnihan, Mike Ryan, Richard Henry and Taylor Crowder of CBRE arranged the loan through Texas State Bank. The borrower is Constellation Real Estate Partners. Construction is expected to be complete in 2026.

August 11, 2025

Acquisitions California Development Restaurant Retail Western

Hanley Investment Group Arranges $2.8M Sale of Dutch Bros-Leased Retail Property in Riverside, California

by Amy Works August 11, 2025

RIVERSIDE, CALIF. — Hanley Investment Group Real Estate Advisors has brokered the sale of a single-tenant retail property located at 4990 Van Buren Blvd. in Riverside. Portland, Ore.-based developers Zach Bonsall and Braden Bernards of Cole Valley Partners sold the asset to a Long Beach, Calif.-based private investor for $2.8 million. Dutch Bros Coffee will occupy the 1,025-square-foot drive-thru building, which is currently under construction, on a 15-year absolute triple-net ground lease with 10 percent rental increases every five years. An opening date has not been announced for the location. Bill Asher and Jeff Lefko of Hanley Investment Group represented the seller, while Mark Troughton of Whittier, Calif.-based Mark Troughton Real Estate represented the buyer in the deal.

August 11, 2025

Development Georgia Retail Southeast

Life Time Opens Ninth Athletic Club in Atlanta at Concourse Office Campus

by Abby Cox August 11, 2025

SANDY SPRINGS, GA. — Life Time, a leading healthy lifestyle fitness brand, has opened its ninth athletic club in Atlanta in the northern suburb of Sandy Springs. Situated between the “King and Queen” office towers along the confluence of I-285 and Ga. Highway 400, Life Time Perimeter transformed the former Concourse Athletic Club into a three-story, 79,000-square-foot facility. The multimillion-dollar renovation includes eight outdoor pickleball courts, five tennis courts and a beach club-style swimming pool area. Other facilities include an expansive fitness floor with cardio equipment, resistance machines and free weights, as well as a recovery space that features water massage and cold therapy chairs. The club also offers more than 100 classes weekly, including barre, yoga and Pilates, a LifeCafe and a Kids Academy. Life Time Perimeter joins other area athletic clubs in the Atlanta submarket including Alpharetta, Sugarloaf, Johns Creek, Woodstock, Peachtree Corners, Buckhead and North Druid Hills, which opened in December 2024.

August 11, 2025

Development Industrial Southeast Virginia

Blue Ridge Beverage Co. Relocates to 80,000 SF Build-to-Suit Industrial Facility in Rustburg, Virginia

by Abby Cox August 11, 2025

RUSTBURG, VA. — Locally based Blue Ridge Beverage Co., a full-service wholesale beverage distributor, will move its Lynchburg division of operations to Campbell County in Rustburg with the construction of an 80,000-square-foot industrial facility. The building will house the division’s operations, sales, delivery, product inventory and administrative offices on more than 14 acres at Seneca Commerce Park, a 145,000-square-foot industrial property currently under development. The company will transfer its existing workforce from Lynchburg to the new Rustburg location.

August 11, 2025

Development Indiana Midwest Multifamily Student Housing

Purdue Research Foundation, ACC Open 984-Bed Student Housing Community at Purdue University

by Kristin Harlow August 11, 2025

WEST LAFAYETTE, IND. — Purdue Research Foundation (PRF) and American Campus Communities (ACC) have opened 3rd & West, a 984-bed student housing development at Purdue University in West Lafayette. Located at the intersection of Third Street and McCormick Road, the complex rises five stories and totals 325,000 square feet. Units come in studio, one-bedroom, two-bedroom and four-bedroom configurations. Amenities include an entry plaza for community gatherings, dual courtyards, study lounges, private study rooms and a fitness center. The first students will move into the new housing at the start of the fall 2025 semester. A public-private partnership between PRF and ACC developed the project. SCB served as architect.

August 11, 2025

Development Midwest Missouri Multifamily

Midas Hospitality, Double Eagle Development Deliver 227-Unit Luxury Apartment Complex Near St. Louis

by Kristin Harlow August 11, 2025

ELLISVILLE, MO. — Midas Hospitality and Double Eagle Development have completed MILA Apartments, a 227-unit luxury apartment complex in the St. Louis suburb of Ellisville. The four-story project is situated on a 7-acre site at 15970 Manchester Road. MILA Apartments features eight floor plans for studio, one-, two- and three-bedroom apartments ranging in size from 552 to 1,363 square feet. Amenities include a courtyard, grills, a pool, turf lawns, bocce ball, mini golf, a fitness center, dog park and conference rooms. The property manager is 2B Residential. The project team included Rosemann & Associates as architect and MBG as general contractor. A Starbucks location fronts the property.

August 11, 2025

Newer Posts

Older Posts