Logistic Properties of the Americas has launched Parque Logístico Panamericana Sur, a US$85 million logistics development in Lurín, Lima. Spanning 1.1 million square feet across four buildings, the project is backed by Peruvian institutional investors, including Credicorp Capital, La Positiva Seguros and Inversiones Platinum. Construction of access roads is underway, with vertical construction starting in early 2027 under LPA's capital-light strategy.
Ambrose has broken ground on Building II at Columbus Logistics Park – West in West Jefferson, Ohio. The speculative 1,067,000-square-foot industrial facility features a 40-foot clear height, 110 dock doors and LEED Silver targets. Situated 20 miles from Downtown Columbus, the site connects directly to Interstate 70, with space open for fixturing in summer 2027 ahead of autumn completion.
Gilbane Development and Western Kentucky University have broken ground on The Southern Gateway, marking the first phase of a $350 million public-private partnership called "Elevate WKU". Designed to replace older residence halls, the 1,000-bed student housing scheme will feature suite-style rooms, study areas, dining spaces and a multipurpose classroom. Construction is slated for completion in autumn 2028.
Dubai-based developer Almal Real Estate Development has secured the official building permit for The One by Almal Bali Nusa Dua. Issued by authorities in Badung Regency, the approval allows construction to enter its next phase. The luxury scheme features 154 residential units under Wyndham’s Registry Collection Hotels brand, integrating residential, hospitality and digital elements.
The Ian Potter State Theatre at Arts Centre Melbourne has officially reopened following a comprehensive restoration led by NH Architecture and Snøhetta. As the first completed milestone of the Melbourne Arts Precinct Transformation funded by the Victorian Government, the project preserves John Truscott’s heritage interiors while delivering advanced acoustic performance, accessible seating layouts across all levels and expanded backstage facilities.
Precast concrete manufacturer Metromont has acquired engineering firm PTAC Engineering, LLC from PTAC Companies. Effective 5 October 2026, the deal brings PTAC Engineering’s four offices across Florida and Alabama into Metromont’s operations. The acquisition formalises a 25-year working relationship during which the two companies collaborated on hundreds of precast concrete projects, expanding Metromont's in-house structural design and engineering capabilities.
