Development

CBRE Negotiates Sale of Proposed 386,489 SF Novera Commerce Center in Westminster, Colorado

by Amy Works October 13, 2026

WESTMINSTER, COLO. — CBRE has arranged the sale of Novera Commerce Center, a proposed three-building industrial development in Westminster. Opus Development sold the project to Principal Asset Management for an undisclosed price. Todd Witty and Daniel Close of CBRE represented the seller and have been retained by the new ownership to lead leasing efforts for the development. Located at 13900 Huron St., the 386,489-square-foot project will comprise three buildings ranging from 89,000 square feet to 195,000 square feet. Slated for delivery in the second half of 2027, the development will offer flexible suite configurations, ample loading capacity, trailer parking and modern industrial specifications designed to accommodate a broad range of users. Buildings will accommodate users as small as approximately 18,700 square feet, providing flexibility for a range of occupier sizes.

October 13, 2026

Shea-Center-Industry-City-of-Industry-CA

California Development Industrial Western

Shea Properties Begins Construction on 118,232 SF Industrial Project in City of Industry, California

by Amy Works October 13, 2026

CITY OF INDUSTRY, CALIF. — Shea Properties has started construction on Shea Center Industry, a Class A industrial development in City of Industry. Totaling 118,232 square feet, Shea Center Industry will feature a 48,073-square-foot building and a 70,159-square-foot building, with 5,000 square feet to 7,000 square feet of office space. Completion is slated for late 2027. The buildings will feature 32-foot clear heights, ESFR fire suppression, grade-level and dock-high doors, dedicated office space and ample parking. Each building will have a fenced, private concrete yard with electric rolling gate operators.

October 13, 2026

Development Midwest Minnesota Multifamily

Ryan Cos. Opens Multifamily Project at Former Ford Motor Co. Twin Cities Assembly Plant

by Kristin Harlow October 13, 2026

ST. PAUL, MINN. — Ryan Cos. US Inc., in partnership with the Housing and Redevelopment Authority (HRA) for the City of Saint Paul, has opened The Albert and the adjacent Civic Square at Highland Bridge. The project is on the site of the former 122-acre Ford Motor Co.’s Twin Cities assembly plant. The nearly 3-acre block features The Albert, a 97-unit multifamily building with 8,500 square feet of ground-floor retail space alongside three standalone retail buildings totaling 13,500 square feet, and Tierra Encantada, a 13,000-square-foot daycare center. Civic Square serves as a public gateway connecting the Highland Park neighborhood to the heart of the broader Highland Bridge development. The Albert features amenities such as a clubroom, dog run, outdoor patio, fitness room, coworking enclaves, a roof deck patio and secure package room. The east side of The Albert incorporates the historic 1920s Ford assembly plant façade. The building was originally designed by legendary architect Albert Kahn. The initiative is a public-private partnership supported by the city and the HRA, which played a pivotal role in providing tax-increment financing (TIF) from existing TIF district budget savings.

October 13, 2026

Affordable Housing Development Iowa Midwest Multifamily

Annex Group Completes $62.9M Affordable Housing Development in Des Moines

by Kristin Harlow October 13, 2026

DES MOINES, IOWA — The Annex Group has completed Union at Rivers Edge, an affordable housing community in Des Moines with 216 units. The one-, two- and three-bedroom units are reserved for households earning at or below 60 percent of the area median income. Amenities at the $62.9 million project include a community center complete with a fitness center, business center and onsite leasing. Outdoor amenities include a playground, community terrace, dog walking area and parking. Residents will receive complimentary transit passes for the Des Moines Area Regional Transit Authority, which will have a bus stop adjacent to the development. Partners on the project include Civil Design Advantage as the civil engineer, ASK Studio as the architect, Summit LIHTC Consulting and Impact Housing Indiana. Affiliates of Annex Group completed construction and will provide property management services for the community. Financing partners include WNC for over $24 million in low-income housing tax credits equity, Cedar Rapids Bank and Trust for tax-exempt bond financing of over $32 million, Iowa Finance Authority for tax-exempt bond allocation and the City of Des Moines for tax-increment financing, tax abatement and $300,000 American Rescue Plan Act funds.

October 13, 2026

Affordable Housing California Development Multifamily Western

Alta Housing Breaks Ground on 108-Unit Affordable Housing Community in Mountain View, California

by Amy Works October 12, 2026

MOUNTAIN VIEW, CALIF. — Alta Housing has broken ground on La Bella, an affordable multifamily property in Mountain View’s Terra Bella neighborhood. Located at 1020 Terra Bella Ave. on a former industrial area, La Bella will feature 108 studio, one-, two- and three-bedroom apartments, each with secure storage space. Completion is slated for second-quarter 2028. Twenty-seven apartments will be reserved for households transitioning out of homelessness through California’s Santa Clara County’s Rapid Rehousing Program. Twenty-three units will include Section 8 Project-based vouchers, providing long-term housing stability for residents, and 10 apartments will be reserved for individuals with developmental disabilities. Income limits for La Bella will range from 30 percent to 60 percent of area median income. The six-story, all-electric building will include a ground-floor lobby and a multipurpose community room that opens onto a landscaped third-floor courtyard. The design incorporates children’s play areas, raised garden beds for community gardening, onsite laundry facilities and offices for property management, resident services and supportive services staff. Additionally, the property will offer 96 car parking spaces and 108 bicycle parking spots. The development team includes Van Meter Williams & Pollak as architect, Nibbi Brothers General Contractors, Alta Housing and Housing Choices Coalition as social services …

October 12, 2026

Development Mixed-Use Texas

PCD Receives Approval for 120-Acre Mixed-Use Development in Pearland, Texas

by Taylor Williams October 12, 2026

PEARLAND, TEXAS — Planned Community Developers (PCD) has received approval from the City Council of Pearland, a southern suburb of Houston, and has closed on the land for a 120-acre mixed-use development. The site is located at the nexus of U.S. Highway 288 and Beltway 8, and the development will be known as The Orchard. Plans currently call for 250,000 square feet of retail, dining and entertainment space, 150,000 to 300,000 square feet of office space and approximately 1,100 multifamily units and 100 single-family homes. CBRE has been tapped as the leasing agent for the retail component, and JLL is handling marketing of the future office space. A construction timeline was not announced.

October 12, 2026

Acquisitions Development Midwest Multifamily Wisconsin

CBRE Arranges Sale of Development Site for 96-Unit Multifamily Project in Waterloo, Wisconsin

by Hayden Spiess October 12, 2026

WATERLOO, WIS. — CBRE has arranged the sale of a 10.7-acre parcel in Waterloo that will be developed into Drumlin Fields Apartments, a 96-unit, garden-style apartment community. Drumlin Fields Waterloo LLC, an affiliate of Brew City Capital Group, purchased the property from Rolling Meadows Apartments LLC for $1.1 million. Waterloo is located approximately 25 miles northeast of Madison, Wis. CBRE’s Sean Beuche, Matson Holbrook and Gretchen Richards represented the seller in the transaction. Noah Jacobson, managing principal of Brew City Capital Group, a multifamily development and investment firm based in Brookfield, Wis., says the firm is partnering with Duffek Construction, KCB Architecture & Design, and engineering firm Kapur & Associates to bring the $23.5 million Drumlin Fields Apartments to life. Unit and community amenities at Drumlin Fields Apartments will include private entrances, attached garages, in-unit washers and dryers, high-end finishes and fixtures, forced air heating and cooling, private patios or balconies, a playground, courtyards and green space. Construction is scheduled to begin Oct. 14, with completion anticipated by April 2028.

October 12, 2026

Development Midwest Missouri Office

Coil Construction Underway on 70,000 SF Headquarters Expansion for EquipmentShare in Columbia, Missouri

by Hayden Spiess October 12, 2026

COLUMBIA, MO. — Coil Construction has broken ground on the expansion of the corporate headquarters for EquipmentShare.com Inc. (Nasdaq: EQPT), a construction technology and equipment rental company based in Columbia. The new 70,000-square-foot, two-story facility will provide space for up to 300 team members. Designed to foster collaboration and efficiency, the building will feature an executive business center, multi-purpose large meeting and event spaces, and a full-service corporate cafeteria. This expansion provides the physical room required to fulfill EquipmentShare’s previously announced commitment of bringing 500 new jobs to the region. Built with sustainability in mind, the facility is designed to accommodate photovoltaic solar panels and electric vehicle charging installations. Upon completion of the facility, EquipmentShare’s main corporate campus will encompass three facilities totaling 170,000 square feet. The campus sits near the company’s original equipment rental branch and its central distribution center, which supplies parts, technology and consumables to customers and over 430 EquipmentShare locations nationwide. EquipmentShare maintains more than 15 rental, R&D and corporate facilities operating statewide. Construction of the new facility is expected to be completed in mid-2028, with a formal grand opening event to follow.

October 12, 2026

Development Retail Texas

Buc-ee’s Opens 74,000 SF Travel Center in San Marcos, Texas

by Taylor Williams October 12, 2026

SAN MARCOS, TEXAS — Buc-ee’s has opened a 74,000-square-foot travel center in San Marcos, located roughly midway between Austin and San Antonio. The facility at 3245 N. I-35 features 128 fueling positions and is expected to account for the creation of more than 200 new jobs within the local economy. A ribbon-cutting ceremony took place on Wednesday, Aug. 12. Buc-ee’s, which is based in the Houston area, now operates 36 travel centers throughout Texas.

October 12, 2026

Development Industrial New Jersey Northeast

Kurv Underway on 471,231 SF Industrial Project in Perth Amboy, New Jersey

by Taylor Williams October 12, 2026

PERTH AMBOY, N.J. — Kurv, the industrial development and investment firm formerly known as Bridge Industrial, is underway on construction of a 471,231-square-foot project in the Northern New Jersey community of Perth Amboy. Kurv Perth Amboy III will feature a clear height of 40 feet, 69 exterior docks, two drive-in doors, 2,550 square feet of office space and parking for 243 cars and 120 trailers. The groundbreaking took place over the summer, and the space is expected to be available for occupancy early next year. CBRE is marketing the building for lease.

October 12, 2026

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