Clayco broke ground on Ray Phoenix, a 26-story, 523,000-sq-ft residential tower in Phoenix, on May 31. Slated for completion in early 2026, the project is being developed as a joint venture between Ray and VeLa.

Overland Park, Kan.-based engineering firm Black & Veatch released a feasibility study Oct. 17 that said building a hyperloop transportation system along the 1-70 corridor—connecting the cities of St. Louis; Columbia, Mo.; and Kansas City—would be buildable and commercially viable and could cut travel times by three hours and generate $410 million in economic development locally.