Development

Opus Breaks Ground on 168,486 SF Spec Industrial Project Near Omaha

by Kristin Harlow March 26, 2026

PAPILLION, NEB. — Opus has broken ground on Highway 370 Logistics, a 168,486-square-foot speculative industrial development located near the intersection of I-80 and Highway 370 in Papillion within metro Omaha. The 12-acre site is adjacent to an Amazon distribution hub. The project will feature a clear height of 32 feet, 10 dock doors, two drive-in doors, 115 vehicle parking stalls and 31 trailer parking stalls. Opus is the developer and design-builder, Raker Rhodes Engineering is the structural engineer and SVPA Architects is the architect. David Maenner and Sam Andres of CBRE are marketing the project for lease.

March 26, 2026

Development Multifamily North Carolina Southeast

Wood Partners, PGIM to Develop 357-Unit Apartment Community in Morrisville, North Carolina

by John Nelson March 26, 2026

MORRISVILLE, N.C. — Wood Partners and PGIM have closed on a land acquisition in Morrisville for the development of Alta Watkins, a 357-unit apartment community. Set to open in 2028, the property will be situated in the heart of the Research Triangle and adjacent to Wake Tech’s new community college campus. Sarah Godwin and Karl Hudson of Foundry Commercial represented the land seller in the transaction. Wood Partners plans to break ground soon on Alta Watkins, which will offer one-, two- and three-bedroom apartments, as well as onsite retail space, rentable offices, short-term stay units for guests, a resort-style pool, three outdoor courtyards, outdoor games, fitness center with a sauna and a podcast room. Alta Watkins is Wood Partners’ third development underway in the Raleigh-Durham area in the past 12 months.

March 26, 2026

SpringHill-Suites-New-Braunfels-River-Village

Development Hospitality Texas

Oldham Goodwin Tops Out 150-Room Hotel in New Braunfels, Texas

by Taylor Williams March 25, 2026

NEW BRAUNFELS, TEXAS — Oldham Goodwin Group, a Texas-based development, management and brokerage firm, has topped out a 150-room hotel in the northeastern San Antonio suburb of New Braunfels. The eight-story, 150,000-square-foot building will be operated under the Springhill Suites by Marriott brand. The site is located along the Guadalupe River, and the hotel will connect to the adjacent 125-room Courtyard by Marriott hotel. Amenities will include a pool, fitness center, business center, meeting rooms, boat docks and an onsite restaurant and bar. Niles Bolton Associates is the project architect, and Arch-Con Corp. is the general contractor. Construction began last summer and is expected to be complete in late 2026-early 2027.

March 25, 2026

Development Retail Texas

Kroger to Open 99,000 SF Store at Custer Frontier Marketplace in McKinney, Texas

by Taylor Williams March 25, 2026

MCKINNEY, TEXAS — Kroger will open a 99,000-square-foot store at Custer Frontier Marketplace, a 170,000-square-foot retail development in McKinney, a northern suburb of Dallas. The Kroger store will include a fuel station, and Custer Frontier Marketplace will also have 54,000 square feet of small-shop and freestanding retail space, along with pad sites. Michelle Caplan and Maggie Hansen of Weitzman represented the landlord in the lease negotiations.

March 25, 2026

Development Mississippi Southeast Student Housing

Ole Miss, Greystar Break Ground on $101M Residence Hall Development

by John Nelson March 25, 2026

OXFORD, MISS. — A public-private partnership between the University of Mississippi (Ole Miss) and Charleston-based Greystar has broken ground on Kincannon Hall, a $101 million residence hall project located on the university’s campus in Oxford. The development — which is scheduled for completion ahead of the 2027-2028 academic year — will offer 1,282 beds in semi-suite configurations. The community is being constructed in partnership with Greystar’s modular construction arm, Modern Living Solutions. Sections of the buildings will be developed in Knox, Pa., and shipped to campus to be assembled onsite. The development team for the project includes WDG Architecture and CDFL. The development was financed through tax-exempt bonds, with Provident Resources Group serving as the borrower of the bonds and project owner. Raymond James acted as bond underwriter for the financing. The project includes a second phase of development, which is expected to deliver additional suite-style units in 2028. Further details on the project were not released.

March 25, 2026

Development Industrial Southeast Tennessee

Hamilton Development Begins Construction on 1.8 MSF Industrial Park in Smyrna, Tennessee

by John Nelson March 25, 2026

SMYRNA, TENN. — Hamilton Development has broken ground on Cornerstone Business Park, a 152-acre industrial park located at 5481 W. Jefferson Pike in Smyrna, a southeast suburb of Nashville. Situated off I-840, the industrial park will feature 12 buildings spanning 1.8 million square feet upon full build-out. Hamilton Development began construction on Phase I of Cornerstone Business Park, which features eight buildings spanning 1 million square feet. The first buildings are set for delivery in first-quarter 2027. Phase II will comprise four buildings totaling 800,000 square feet. Hamilton Development, which has 14 industrial parks in the Nashville market, has tapped Hayes McWilliams and Henry Sherer of Cushman & Wakefield to lease Cornerstone Business Park.

March 25, 2026

Acquisitions Development Northeast Pennsylvania

Capano Buys Downtown Philadelphia Apartment Building for $23.7M, Plans Renovation

by Taylor Williams March 25, 2026

PHILADELPHIA — Delaware-based investment firm Capano Residential has purchased Rittenhouse Row Apartments, an 80-unit apartment building in downtown Philadelphia, for $23.7 million, with plans to implement a renovation. The 13-story building at 1601 Sansom St., which was originally constructed in 1910 and converted to residential use in the 1990s, was 94 percent occupied at the time of sale. Capano plans to demolish the entire floor to construct four additional apartments, as well as to renovate the leasing office, relocate and enhance the existing fitness center and create a new tenant amenity space.

March 25, 2026

Arizona Development Multifamily Western

Ascent Cos., Merit Partners Open 286-Unit Multifamily Community in Avondale, Arizona

by Amy Works March 25, 2026

AVONDALE, ARIZ. — Ascent Cos. and Merit Partners have opened The Stately Avondale, an apartment property located at 12375 W. Van Buren St. in Avondale. Bryten Real Estate Partners is providing management services for the property. The Stately Avondale features 286 one-, two- and three-bedroom residences with custom finishes and upscale details. Units feature stainless steel appliances, marble-like quartz countertops, tile backsplashes, full-size Wi-Fi-enabled washers/dryers, Nest smart thermostats, USB-C kitchen outlets, blackout roller shades and luxury vinyl plank flooring. Onsite amenities include a resort-style pool and spa with lounges and cabanas, pickleball courts, two dog parks with wash station, mini mart and a 24/7 fitness center. Additional amenities include private garages with electric vehicle charging ports, coworking stations, outdoor entertainment spaces with grills and fireplaces and mobile app-controlled access for seamless conveniences.

March 25, 2026

Development Industrial Michigan Midwest

Chobani Plans $567M Expansion of La Colombe Plant in West Michigan

by Kristin Harlow March 25, 2026

NORTON SHORES, MICH. — Chobani has unveiled plans for a multi-phase, $567 million expansion of its La Colombe plant in the western Michigan town of Norton Shores. The project is expected to add more than 200,000 square feet of production space and nearly 340 new jobs, while retaining 312 jobs. The company says demand is surging for La Colombe’s signature ready-to-drink lattes. La Colombe first started in Philadelphia in 1994, making crafted coffee in cafes across the country. In 2016, the brand launched its ready-to-drink lattes, which are made in Norton Shores with locally sourced milk. Chobani, which manufactures yogurt, oat milk and creamers, acquired La Colombe in 2023.

March 25, 2026

Development Georgia Life Sciences Southeast Top Stories

UCB to Invest $2B for Biopharmaceutical Manufacturing Campus in Northeast Georgia

by Kristin Harlow March 25, 2026

DACULA, GA. — Global biopharmaceutical company UCB has unveiled plans to invest $2 billion to establish its first U.S. pharmaceutical biologics manufacturing campus in Dacula, a city within metro Atlanta’s Gwinnett County. The new facility is expected to create 330 new jobs over the next several years at Rowen, a mixed-use innovation district focused on global health, agriculture and environmental sustainability. The 2,000-acre “knowledge community” is planned along Ga. Highway 316. The new 460,000-square-foot facility will anchor 79 acres that UCB purchased off Rowen Parkway. Brussels, Belgium-based UCB maintains an existing presence in Georgia. The company’s North American headquarters is located in Smyrna and currently supports more than 400 jobs spanning expertise in neurology and immunology. UCB is focused on developing innovative medicines for people living with severe neurological and autoimmune conditions such as epilepsy. UCB’s new manufacturing footprint marks the first major private investment at Rowen and the largest capital investment in Gwinnett County’s history. UCB says it will leverage advanced manufacturing technologies, including artificial intelligence, robotics and automation, while prioritizing efficient use of natural resources. Jean-Christophe Tellier, CEO of UCB, says the project is expected to generate approximately $5 billion in total economic impact, including more than 1,000 …

March 25, 2026

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