Property Type

Foth Relocates to 23,500 SF Office Space at Historic Carpenter Building in Des Moines

by Kristin Harlow March 5, 2026

DES MOINES, IOWA — Foth, an engineering services firm, has relocated to the historic Carpenter Building in downtown Des Moines. Savills managed the lease negotiations, project management and office build-out for the 23,500-square-foot space. The project spans the second and third floors with an interconnected stairwell. Constructed in 1918, the Carpenter Building is a 50,000-square-foot property that has recently been transformed into Class A office space. Amenities include a fitness center, game room and conferencing facilities. Ashley Moen and Andrew Yung of Savills managed the lease negotiations for Foth while colleague Jon Theis led the build-out.

March 5, 2026

Kansas Leasing Activity Life Sciences Midwest

17,000 SF Link Innovation Labs Opens in Downtown Topeka, Kansas

by Kristin Harlow March 5, 2026

TOPEKA, KAN. — Link Innovation Labs, a 17,000-square-foot hub designed to support startups, researchers, small businesses and industry partners, has opened in Topeka’s Innovation District. Link Innovation Labs offers office space, coworking areas, conference rooms, a dedicated pitch and event space and a flexible lab facility designed for early-stage animal health and bioscience companies. The space includes BSL-1 and BSL-2 laboratories, addressing a growing need for entry-level wet lab capacity for startups advancing alternative proteins, pet therapeutics, herd health technologies and AI-enabled biosecurity solutions. Link Innovation Labs is part of GO Topeka’s broader strategy to strengthen the region’s entrepreneurial ecosystem, support business formation and expansion and create high-quality jobs throughout Topeka and Shawnee County.

March 5, 2026

Acquisitions Industrial Massachusetts Northeast Office

Premier Fence Acquires 25.8-Acre Industrial Facility in Middleborough, Massachusetts

by Taylor Williams March 5, 2026

MIDDLEBOROUGH, MASS. — Premier Fence, a provider of fencing and outdoor home goods, has acquired a 25.8-acre industrial facility in Middleborough, located south of Boston. The property at 370 Wareham St. features four approximately 20,000-square-foot buildings. Two buildings will house uses such as manufacturing, warehousing of raw materials, storage of finished goods and office, showroom and employee training space. Premier Fence will market the other two buildings for lease. The company expects to open its new facility this spring. MassDevelopment provided $11.7 million in bond financing, some of which is tax-exempt, for the purchase and build-out of the facility. Cambridge Savings Bank purchased the bond.

March 5, 2026

Acquisitions Life Sciences Massachusetts Northeast Office

Cummings Buys 330,000 SF Vacant Office, Life Sciences Complex in Bedford, Massachusetts

by Taylor Williams March 5, 2026

BEDFORD, MASS. — Locally based investment firm Cummings Properties has purchased a 330,000-square-foot vacant office and life sciences facility in Bedford, located northwest of Boston. Developed in 2001 and known as Bedford Woods, the two-building facility sits on a 56-acre site at 174-176 Middlesex Turnpike; 35 of those acres remain undeveloped. Cummings acquired the property, which last sold for more than $93 million in 2012 to Texas-based Orion REIT LP, via auction.

March 5, 2026

Loans New Jersey Northeast Retail

Ameritas Investment Provides $13.5M Loan for Refinancing of Northern New Jersey Shopping Center

by Taylor Williams March 5, 2026

VAUXHALL, N.J. — Ameritas Investment Corp. has provided a $13.5 million loan for the refinancing of Millburn Village, a 71,177-square-foot shopping center in the Northern New Jersey community of Vauxhall. Millburn Village is home to 19 tenants, many of which are long-term users, with Walgreens and Staples serving as the anchors. Ryan Carroll, Tyler Caricato and Caleb Henry of JLL arranged the three-year, fixed-rate loan on behalf of the borrower, New York City-based Lightstone, which acquired the center in 2003.

March 5, 2026

Civic Hospitality Market Reports Michigan Midwest Midwest Market Reports Multifamily Office

Detroit Developments Showcase Urban Adaptive Reuse, Preservation

by Kristin Harlow March 5, 2026

By Michael Poris, McIntosh Poris Architects Long defined by its industrial legacy, Detroit development currently combines ground-up construction with intelligent, innovative adaptive reuse. Brick-and-mortar manufacturing-era remnants include many buildings that originally served the automotive industry. As large-scale manufacturing relocated and Detroit’s population declined, several significant buildings were abandoned. Many are viable for second lives, ones that fulfill current commercial real estate market demands. Adaptive reuse makes sense I co-founded McIntosh Poris in 1994 to protect Detroit’s historic buildings from bulldozers and redesign them for a post-manufacturing economy. At that time, demolition was the most expedient option. To address this, we focused as much on civic networking and preservation education as architectural design. Implementation involved organizing events with public officials and the local business community to meet leaders of other cities’ successful urban-renewal programs. To make Detroit more attractive to commercial real estate investment, we lobbied for zoning changes. Most relevant, commercial and historic districts were re-evaluated to permit mixed-use redevelopment. Historic preservation became viable, often making sense both financially and culturally. Well before sustainability became a commercial real estate consideration, we educated developers on available adaptive reuse incentives such as historic tax credits. Combined with the inherent efficiencies of reuse, …

March 5, 2026

Acquisitions Industrial Northeast Southeast Top Stories

Mapletree Sells East Coast Industrial Portfolio to EQT for $575M

by Hayden Spiess March 5, 2026

NEW YORK CITY AND RADNOR, PA. — Mapletree, a global real estate development, investment, capital and property management company, has completed the sale of an industrial portfolio located along the East Coast for $575 million. EQT Real Estate, an industrial owner-operator based in Radnor, was the buyer. Totaling 4.4 million square feet, the logistics portfolio comprises 25 warehouse properties located in Connecticut, Florida, Georgia, New Jersey, North Carolina, Pennsylvania, Tennessee, Virginia and Washington, D.C. Of the assets, 24 were held under Mapletree US & EU Logistics Private Trust (MUSEL), a closed-end private fund established in 2019. MUSEL launched with $4.3 billion in assets under management. The additional property included in the portfolio was held under the Mapletree US Logistics Private Trust (MUSLOG), a closed-end private fund launched in 2021 with a portfolio of 155 logistics properties totaling $3.3 billion in value. “This divestment reflects the successful execution of our closed-end fund strategy and illustrates the strength of our U.S. industrial platform,” says Richard Prokup, CEO, U.S., at Mapletree. “Looking ahead, we remain confident in the logistics sector’s long-term fundamentals as we advance new development opportunities nationwide to grow our pipeline.” Last year, Mapletree sold another portfolio to EQT for $242 million. …

March 5, 2026

Features Restaurant Retail Western Feature Archive

Gen Z Is Shifting the Future of Retail

by John Nelson March 5, 2026

In the digital age, nearly everything is accessible online — entertainment, shopping, friendship, you name it. With a few taps on a screen, we can order three pairs of jeans, have a pizza delivered and carry on a meaningful conversation without ever leaving the couch. Considering that Generation Z — those born roughly between 1996 and 2013 — has grown up immersed in this digital reality, it would be easy to assume they have little interest in traditional, in-person experiences. Surprisingly, the opposite is true. From pop-ups, influencers, to retail, Gen Z are securing their Labubus to their bags and heading out the door to shake up our understanding of successful contemporary retail experiences. After coming of age during COVID, living through what has been called an “epidemic of loneliness,” Gen Z is craving in person experiences more than ever, and where better to go with your friends than the mall? A reported 69 percent of Gen Z shoppers say they prefer shopping in brick-and-mortar stores over online alternatives. However, their renewed interest in physical spaces doesn’t mean a return to retail as we once knew it. Instead, Gen Z is fundamentally reshaping what in-person shopping and entertainment look like …

March 5, 2026

Development Multifamily Texas

Fein Begins Leasing 326-Unit Apartment Community in North Houston

by Taylor Williams March 4, 2026

HOUSTON — Locally based developer Fein has begun leasing Echo Lake, a 326-unit apartment community in North Houston. The site spans 21.4 acres within the CityPlace mixed-use development, and the property is named after the 1.2-acre lake and trail system that serves as a focal point of the project. Designed by Steinberg Dickey Collaborative, built by Westchase Construction and financed by Comerica Bank, Echo Lake comprises two- and three-story buildings that house one-, two- and three-bedroom units and Class A amenities. About 40 percent of the units are townhouse-style residences with attached garages. Fein developed Echo Lake in partnership with Open House Group. The first move-ins are now underway, with rents starting at roughly $1,300 per month for a one-bedroom apartment. Construction began last spring.

March 4, 2026

Build-to-Rent Development Single-Family Rental Texas

Wan Bridge Nears Completion of 166-Unit Build-to-Rent Project in Red Oak, Texas

by Taylor Williams March 4, 2026

RED OAK, TEXAS — Wan Bridge, a Texas-based developer of build-to-rent residential communities, is nearing completion of The Reserve at Red Oak, a 166-unit project located south of Dallas. The 18-acre development offers three- and four-bedroom homes that range in size from 1,501 to 1,857 square feet with garages, as well as a playground, dog park and fitness facilities. Leasing is underway, and rents start at roughly $2,100 per month. A grand opening ceremony will take place in the coming days.

March 4, 2026

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