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Development news – page 24
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Metcalf Completes Construction of 475,880 SF Industrial Facility in Reno, NevadaRENO, NEV. — Metcalf Builders has completed construction of East Building 6 at the Comstock Commerce Center, a $24 million project within the Tahoe Reno Industrial Center (TRIC) in Reno. Locus Development Group owns the building, which is ready to support tenant operations.
Opus Breaks Ground on 80,000 SF Advanced Manufacturing Facility for ContiTech in IowaMOUNT PLEASANT, IOWA — Opus has broken ground on an advanced manufacturing facility for ContiTech, a group sector of Continental, at its existing plant in Mount Pleasant within eastern Iowa.
Representative imageStartup Balcony Secures $12.7M Seed RoundBalcony, a proptech startup looking to develop the digital infrastructure for municipal and state real estate data, announced Tuesday that it raised a $12.7 million seed round.
MBK Senior Living Begins Major Renovations on Downtown Bellevue Seniors Housing PropertyMBK Senior Living announced that construction has officially begun on a comprehensive renovation of The Bellettini, a senior living community in the heart of downtown Bellevue, Washington. The transformation is expected to be completed in Summer 2026.
NYC Developers File Plans for 21M SF of New Construction in Q1: REBNYIt’s been a busy start to 2026 for New York City developers, as they filed 577 new building filings in the first quarter of 2026, representing a 74 percent increase from the same period last year, according to the latest research from the Real Estate Board of New York (REBNY).
LS Power Launches $2B Transmission Project in San JoseLS Power Grid California recently broke ground on the Power Santa Clara Valley and Power the South Bay projects and held ceremonies Wednesday in San José and Fremont to mark the start of construction.
JPI Begins Construction on 277-Unit Multifamily Project in The Colony, TexasTHE COLONY, TEXAS — JPI has begun construction on Jefferson Grandscape II, a 277-unit multifamily project that will be located north of Dallas in The Colony.
CapRock Partners Breaks Ground on 250,000 SF Industrial Project in McKinney, TexasMCKINNEY, TEXAS — California-based development and investment firm CapRock Partners has broken ground on McKinney Air Business Park, a 250,000-square-foot industrial project that will be located north of Dallas.
Rexford Launches Construction on Single-Tenant Kearny Mesa IndustrialRexford Industrial has launched construction on a new 177,551‑square‑foot Class A industrial building at 9323 Balboa Ave. in San Diego’s Kearny Mesa submarket. The project is the only industrial building currently under construction in Central San Diego, according to CBRE.
Representative imageCBRE’s Scott Schnuckel On Why Retail Is Back in FavorConfidence in retail real estate was in the air at ICSC Las Vegas this week, thanks in part to lower vacancy rates and record-low construction. CBRE’s latest data shows U.S.
Representative imageBuild-to-Rent Investors Catch a Break in U.S. House BillThe U.S. House of Representatives approved a revised bipartisan housing affordability bill Wednesday. The final version addressed commercial real estate concerns about restrictions to build-to-rent (BTR) projects in the initial legislation.
Axiom Retail’s Lea Clay Park On Flattening Rents, Filling Shuttered DrugstoresRetail real estate was palpably confident at ICSC Las Vegas thanks to scarce space, limited construction and steady tenant demand. Nationally, CoStar warned that low availability is now the sector’s modus operandi rather than a temporary post-pandemic trend.
PAGEWOOD Breaks Ground on Adaptive Reuse Project in Downtown HoustonHOUSTON — Local developer PAGEWOOD has broken ground on Phase I of East Blocks, an adaptive reuse project in Houston’s East Downtown neighborhood.
Piazza Auto Group Breaks Ground on 270-Unit Multifamily Project in Ardmore, PennsylvaniaARDMORE, PA. — An affiliate of Piazza Auto Group has broken ground on a 270-unit multifamily project in Ardmore, a northwestern suburb of Philadelphia. The Plaza at Ardmore will offer studio, one-, two- and three-bedroom floor plans.
Representative imageSkender Breaks Ground on 33-Unit Affordable Housing Development in Evanston, IllinoisEVANSTON, ILL. — Skender has broken ground on Mt. Pisgah Apartments, a 33-unit affordable housing development in Evanston. The project, led by Housing Opportunity Development Corp. (HODC) in partnership with Skender, Mt.
Gould Property Co., Konterra Realty Break Ground on 400-Acre MD ProjectKonterra Realty, the real estate arm of Gould Property Co., recently broke ground on the first phase of the Konterra Town Center East project in Prince George’s County.
Quarterra, MacNaughton Advance Construction on 796-Unit Seattle MF ProjectQuarterra and the firm’s co-general partner, MacNaughton, announced the rapid advancement of vertical construction at their newest Seattle community. The 796-unit luxury mid-rise property will feature more than 25,000 square feet of retail space.
Sutter Health, Santa Clara University Partner on New Medical SchoolVenture capitalist Mark Stevens and his wife Mary have gifted $175 million to help pay for the construction and establishment of a medical school at Santa Clara University.
Representative imageNorth American Development Group Lands $106M to Build Boca Raton RentalNorth American Development Group (NADG) scored a $105.5 million construction loan for a multifamily development in Boca Raton, Fla., property records show. U.S. Bank, acting as administrative agent for a group of lenders, provided the financing for the 294-unit Nuvo Midtown Boca.
Representative imageHudson Bay Capital Provides $129M to Develop Luxury Apartments in HoustonOne of the most exclusive neighborhoods in Houston is getting some new luxury apartments.