Saturday, February 7, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Property Type

DevelopmentIndustrialLife SciencesSoutheastVirginia

Merck Breaks Ground on $3B Pharmaceutical Manufacturing Plant in Elkton, Virginia

by John Nelson

ELKTON, VA. — Merck has broken ground on the Center of Excellence for Pharmaceutical Manufacturing, a $3 billion pharmaceutical manufacturing facility in Elkton. The 400,000-square-foot property will support more than 500 full-time jobs and 8,000 construction jobs, according to Merck. The facility will feature manufacturing and testing space for Merck’s active pharmaceutical ingredient and drug product divisions. In addition to the Elkton plant, Merck has announced nearly $6 billion in manufacturing investments in North Carolina, Delaware and Kansas, as well as $3.5 billion for its Rahway, N.J., headquarters.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsGeorgiaRetailSoutheast

ShopOne, Partners Acquire Stockbridge Lakes Shopping Center in Metro Atlanta

by John Nelson

STOCKBRIDGE, GA. — A joint venture between ShopOne Centers REIT Inc., Pantheon and an undisclosed global institutional investor has purchased Stockbridge Lakes, a 78,605-square-foot shopping center located at 250 E. Atlanta Road in Stockbridge, roughly 20 miles southeast of Atlanta. The seller and sales price were not disclosed, but the Atlanta Business Chronicle reports Marietta, Ga.-based Retail Planning Corp. was the seller. Publix anchors the shopping center, which also houses Burn Boot Camp, Great Clips, Dr. Brown Pediatric Dentistry and Domino’s Pizza. Stockbridge Lakes has approximately 9,000 square feet of available space.

Continue Reading
FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentLoansMarylandSeniors HousingSoutheastWalker & Dunlop

Walker & Dunlop Secures $40.5M Construction Financing for Affordable Seniors Development in Metro D.C.

by John Nelson

HYATTSVILLE, MD. — Walker & Dunlop has secured $40.5 million in debt and equity for the construction of The Highlands, an affordable seniors housing development in Hyattsville, about seven miles east of downtown Washington, D.C. The borrower is a partnership between Community Housing Initiative Inc. and First Baptist Church of Highland Park. P.J. McDevitt of Walker & Dunlop originated the debt, which comprised an unfunded forward Freddie Mac TEL that Walker & Dunlop will service. The permanent loan is structured as a 30-month forward commitment with a 15-year term and 40-year amortization schedule. Macy Kisilinsky of Walker & Dunlop arranged the debt placement and equity syndication, a $12.3 million 4 percent LIHTC equity investment with United Bank. Prince George’s County Housing Investment Trust Fund and the Maryland Department of Housing and Community Development will provide additional subordinate financing. Situated on the First Baptist Church of Highland Park campus, The Highlands will feature one- and two-bedroom apartments that will be restricted to tenants age 62 and older. Five units will be reserved for households at 50 percent of the area median income (AMI) while the remaining 132 units will be restricted at 60 percent of AMI. Planned amenities include a dog …

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentFloridaIndustrialSoutheast

Stonemont Financial Group Delivers 100,620 SF Industrial Facility in Tampa

by John Nelson

TAMPA, FLA. — Atlanta-based Stonemont Financial Group has delivered TIA Executive Center, a 100,620-square-foot industrial facility located at 6101 Johns Road in Tampa. The property, which is situated two miles from Tampa International Airport, features 32-foot clear heights, spec office suites and space that is divisible down to around 33,000 square feet. Project partners include joint venture partner PCCP, general contractor Frampton Construction, architect Harley Commercial Architecture, engineer Kimley-Horn and leasing agents Peter Cecor and Harrison Pithers of JLL.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityOfficeSoutheastVirginia

Divaris Arranges 24,476 SF Office Lease Renewal in Downtown Norfolk

by John Nelson

NORFOLK, VA. — Divaris Real Estate has arranged a 24,476-square-foot office lease renewal in downtown Norfolk for Wall, Einhorn & Chernitzer PC (WEC). The locally owned accounting and advisory firm has been a tenant in downtown Norfolk for more than three decades. WEC will continue to occupy the 12th floor of the office building at 150 W. Main St. Michael Divaris of Divaris Real Estate represented WEC in the lease transaction. Persifor Frazer of Colliers represented the undisclosed landlord.

Continue Reading
FacebookTwitterLinkedinEmail
TGS-Cedar-Port-DC-9-Baytown
IndustrialLeasing ActivityTexas

TGS Cedar Port Partners Preleases 420,150 SF Distribution Building in Baytown, Texas

by Taylor Williams

BAYTOWN, TEXAS — TGS Cedar Port Partners LP, the owner of the 15,000-acre Cedar Port Industrial Park master-planned development in Baytown, has preleased a 420,150-square-foot distribution building. Supply Chain Management LLC will occupy the entirety of the building at 5300 E. McKinney Road, which is known as TGS Cedar Port DC 9. The building is currently under construction on a 23-acre site and will feature a cross-dock configuration and 40-foot clear heights. Partners Real Estate represented ownership in the lease negotiations. Brad Beauchamp of Colliers represented the tenant.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialTexas

Scarborough Arranges Sale of 157,379 SF Warehouse in Tyler, Texas

by Taylor Williams

TYLER, TEXAS — Locally based brokerage firm Scarborough Commercial Real Estate has arranged the sale of a 157,379-square-foot warehouse in Tyler, about 100 miles east of Dallas. According to LoopNet Inc., the building at 13343 I-20 E was built on 37.2 acres in 1959, renovated in 2009 and features 23-foot clear heights and 12 dock-high doors. Sam Scarborough of Scarborough Commercial Real Estate represented the seller in the transaction, and Brian Burks of Landbridge Commercial Properties represented the buyer. Both parties requested anonymity.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentOfficeTexas

Swinerton Nears Completion of 45,384 SF Mass Timber Office Project in East Austin

by Taylor Williams

AUSTIN, TEXAS — General contractor Swinerton is nearing completion of a 45,384-square-foot mass timber office project in East Austin. Designed by local architecture firm Dick Clark & Associates, the four-story building will include retail showroom and restaurant space. Lindgren Development owns the building, which is preleased to tenants including Beck-Reit Commercial Real Estate, Legacy Lighting and Art + Artisans, as well as Swinerton. All of these groups are also partners on the project. Delivery is slated for February. Construction began about a year ago.

Continue Reading
FacebookTwitterLinkedinEmail
Chandler-Gateway-Festival-Chandler-AZ
ArizonaLoansRetailWestern

JLL Arranges $73.2M Refinancing for Shopping Center Portfolio in Chandler, Arizona

by Amy Works

CHANDLER, ARIZ. — JLL Capital Markets has arranged $73.2 million in permanent financing for the Chandler Shopping Center Portfolio, a two-property retail portfolio in Chandler. JLL represented the borrower, a joint venture managed by a real estate investment trust, in securing the five-year, fixed-rate loans through a national bank. The financing was structured as one loan secured by two mortgages: $51 million for Chandler Festival and $22.2 million for Chandler Gateway. The portfolio encompasses 616,639 square feet of retail space along Chandler Boulevard. TJ Maxx, Ross Dress for Less, Nordstrom Rack and PetSmart are tenants at the 354,548-square-foot Chandler Festival. The 262,091-square-foot Chandler Gateway is anchored by Walmart and Hobby Lobby. Kevin MacKenzie, Jon Mikula, Jason Carlos, Quin Madden and Tyler Naughten of JLL represented the borrower in the financing.

Continue Reading
FacebookTwitterLinkedinEmail
CaliforniaDevelopmentMultifamilySeniors HousingWestern

CCI to Develop Livelle Mulholland Seniors Housing Property in Woodland Hills, California

by Amy Works

WOODLAND HILLS, CALIF. — CCI is slated to break ground in second-quarter 2026 for the development of Livelle Mulholland, a seniors housing property in Woodland Hills. Located at the corner of Mulholland Drive and Valmar Road, Livelle Mulholland will feature more than 200 independent living apartments, seven villas, 16 assisted living apartments and 13 memory care units. Community amenities will include a wellness center with fitness and therapy pools, natural trails and outdoor game courts, underground and attached garage parking, a gourmet restaurant, wine bar/rooftop lounge, indoor and outdoor theaters and classrooms. LCS will manage the property, which is slated to open in the second half of 2028. Project partners include Perkins Eastman as architect, KPFF as engineer, Envicom as environmental and land planner, LRM as landscape architect, Carlberg Associates as horticulturist and Brenner Consulting Group as permit administrator.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts