Property Type

GSK to Invest $800M in Metro Philadelphia Life Sciences, Manufacturing Facilities, Create 300 New Jobs

by Taylor Williams October 19, 2026

UPPER MERION, PA. — Global pharmaceutical company GSK plc (NYSE: GSK) will invest $800 million in its life sciences and manufacturing facilities in metro Philadelphia, an initiative that is expected to create about 300 new jobs within the local economy. The announcement is a follow-up to the company’s pledge in late September to invest $30 billion in research-and-development (R&D) and manufacturing initiatives over the next five years, with $1.2 billion earmarked for expanding its existing technologies and advanced manufacturing sites, including its metro Philadelphia facilities. The existing facilities are located in Upper Merion Township, about 20 miles northwest of Philadelphia. The expansion will involve some demolition of existing facilities to establish a biopharmaceutical innovation and manufacturing hub, integrating commercial production, R&D and advanced digital capabilities in a single site. Construction is scheduled to begin next year. The new jobs are expected to be created over a five-year period, bringing GSK’s total employment in the region to about 4,500 positions. GSK announced a similar $800 million investment in its pharmaceutical and biotechnology facilities in Lancaster, about 70 miles west of Philadelphia, about two years ago. The company will be eligible for tax benefits through Pennsylvania’s Qualified Manufacturing Innovation and Reinvestment Deduction …

October 19, 2026

Kentucky Market Reports Office Southeast Market Reports

Louisville’s Office Rightsizing Trend Enters Its Second Act

by John Nelson October 19, 2026

Louisville’s office market is turning a page. If the first act of the market’s rightsizing was defined by COVID-era downsizing, where companies shed space as remote work took hold, the second act looks different and harder to sum up in a single storyline. Today, several forces are pulling in different directions at once. Some companies are still reducing their footprints as leases renew. Others are expanding as employees return to the office and spend more days per week at their desks. Additionally, a wave of expiring pandemic-era leases is forcing tenants to make fresh decisions about how much space they need and where they want it. The result is a busy market moving in several directions simultaneously. So what does a “right-sized” Louisville office look like in 2026? Flight to quality continues More than anything, tenants are still chasing quality. Well-located, highly amenitized buildings continue to win the deals, and there is now significantly fewer premium space available than there was a couple of years ago. Many tenants have already made that move as their leases have come up for renewal. That demand is showing up in rents. The best-positioned buildings, with the right amenity mix in the right location, …

October 19, 2026

Development Industrial Oklahoma Texas

Greenheck Group to Open 1.3 MSF Manufacturing Facility in Owasso, Oklahoma

by Taylor Williams October 16, 2026

OWASSO, OKLA. — Greenheck Group, a provider of commercial air movement, control and conditioning equipment, will open a 1.3 million-square-foot manufacturing facility in Owasso, a northern suburb of Tulsa. Greenheck has acquired a 72-acre distribution campus that was formerly operated by Macy’s, and the new manufacturing plant is expected to generate about 700 new jobs within the local economy over the next five years. In addition, the project represents a total capital investment of about $300 million in the regional economy. Greenheck expects to finalize initial building upfit improvements by spring 2027, with production beginning shortly thereafter.

October 16, 2026

Development Multifamily Texas

HPI Breaks Ground on 396-Unit Multifamily Project in North Austin

by Taylor Williams October 16, 2026

AUSTIN, TEXAS — Austin-based HPI Real Estate Services & Investments has broken ground on The Kent, a seven-story, 396-unit apartment project that will be located near The Domain on the state capital’s north side. Specific information on floor plans and amenities was not disclosed. HPI is developing The Kent in partnership with multiple private investors. Belshaw Mulholland Architects designed the project, and Austin-based OHT Partners is serving as the general contractor. Completion is slated for mid-2029.

October 16, 2026

Development Industrial Leasing Activity Texas

Stream Realty Partners Nears Completion of 215,891 SF Industrial Project in Spring, Texas

by Taylor Williams October 16, 2026

SPRING, TEXAS — Stream Realty Partners is nearing completion of Summit Grove Business Park, a 215,891-square-foot industrial project in the northern Houston suburb of Spring. Building One is a 124,930-square-foot, rear-load structure that is currently available for lease. Building Two is a 90,961-square-foot facility that is fully preleased to an undisclosed, energy services company. Garrett Thomas and David Munson of Cushman & Wakefield represented the tenant in the lease negotiations for Building Two. Tyler Maner, Abe Richardson and Grant Wisenbaker represented ownership on an internal basis.

October 16, 2026

Company News Industrial Texas

TexAmericas Center Signs MOU to Support Japanese Manufacturing, Business Growth in Texarkana

by Taylor Williams October 16, 2026

TEXARKANA, TEXAS — TexAmericas Center has signed a memorandum of understanding (MOU) with AIST Solutions, a Japanese industrial, research and engineering company, as well as AIST’s American subsidiary, to support manufacturing and business growth in Texarkana. The agreement establishes a formal working relationship that connects TexAmericas Center, which owns and operates a 12,000-acre mixed-use and industrial park of the same name near the Arkansas-Texas border, with Japanese companies exploring U.S. market entry and expansion.

October 16, 2026

Development Florida Loans Multifamily Southeast

Newmark Arranges $76.2M in Bridge Financing for New Orlando Multifamily Community

by Abby Cox October 16, 2026

ORLANDO, FLA. — Newmark has arranged $76.2 million in construction take-out bridge financing for Citron at The Packing District, a 354-unit multifamily community in Orlando. Matthew Williams, Rob Wright, David Williams, Kyle Schlitt and James Maynard of Newmark secured the financing on behalf of the landlord, EMBREY. The multifamily community is situated within the $700 million Packing District, a 202-acre mixed-use redevelopment that offers access to retail, dining and employment centers, as well as Publix and the Great Southern Box Co. food hall. The former property was a historical industrial zone and former cypress swamp that served as the 20th-century epicenter of Central Florida’s citrus industry. Dr. Phillips Charities, along with its affiliated entity Dr. Phillips Inc., is the master developer of the district. Delivered in 2025, Citron comprises a five-story residential building with one- and two-bedroom floorplans ranging in size from 632 to 1,346 square feet, according to Apartments.com. Amenities at the property include a top-floor deck with a media room; resort-style swimming pool with an adjacent lounge and poolside cabanas; a Wi-Fi lounge with a conference room and dedicated micro-offices; and an adjoining six-story structured parking garage.

October 16, 2026

Development District of Columbia Multifamily Office Southeast

National Real Estate Advisors Opens Office-to-Residential Conversion Project in D.C.

by Abby Cox October 16, 2026

WASHINGTON, D.C. — National Real Estate Advisors has opened Aviator House, an office-to-residential adaptive reuse development located in the Dupont Circle neighborhood of Washington, D.C. The former Air Line Pilots Association headquarters was transformed into 157 residential units, including 15 affordable units. Aviator House was the first project advanced through and opened under the District’s Housing in Downtown (HID) initiative. The project team included Clark Construction (general contractor), Eric Colbert & Associates (architect/design), Gaëtane & Co. (architect/design), DXA Studio and Neoscape (interior and brand design). Bozzuto will serve as the community’s leasing and property management partner. Aviator House offers studio, one- and two-bedroom apartments ranging in size from 416 to 1,281 square feet. Residents have access to approximately 8,000 square feet of amenities, including coworking spaces with individual and shared offices; a fitness center; pet spa and dog run; bicycle garage; and a bi-level rooftop lounge featuring indoor gathering spaces, outdoor terraces, grill and dining areas and expansive views across the District. Monthly rental rates begin at $2,275. Originally constructed in 1972 and designed by architect Vlastimil Koubek, the building was most recently used by Johns Hopkins University for classroom and office space. The redevelopment retains its eight-story structure and modernist …

October 16, 2026

Alabama Build-to-Rent Development Southeast

JCCG Delivers 225-Unit Build-to-Rent Community in Opelika, Alabama

by Abby Cox October 16, 2026

OPELIKA, ALA. — Jim Chapman Construction Group (JCCG), on behalf of an undisclosed REIT, has delivered Creekside Cottages, a 225-unit build-to-rent (BTR) development located at the intersection of Society Hill Road and Gateway Drive in Opelika, about eight miles east of Auburn, Ala. A ribbon-cutting ceremony is scheduled for Wednesday, Oct. 28. The project first broke ground in September 2025. Built by JCCG, Creekside Cottages features two- and three-bedroom homes with attached one- or two-car garages and main-level primary suites ranging in size from 1,000 to 1,439 square feet. Amenities include a clubhouse, swimming pool, sidewalks, streetlights, a dog park and onsite property management and maintenance teams. Monthly rental rates begin at $1,875. Capstone Communities is the property manager for Creekside Cottages.

October 16, 2026

Acquisitions Industrial North Carolina Southeast

Link Logistics Acquires 550,992 SF Industrial Property in Youngsville, North Carolina

by Abby Cox October 16, 2026

YOUNGSVILLE, N.C. — New York City-based Link Logistics has acquired Eaton Logistics Facility, a 550,992-square-foot industrial property located at 2545 Innovation Loop in Youngsville, roughly 23 miles outside Raleigh. The facility, which was fully leased at the time of sale, features 40-foot clear heights, cross-dock configuration and direct access to U.S. Route 1. The property serves as a warehousing and distribution hub that supports manufacturing operations in the Raleigh area. JLL represented the sellers, Summit Real Estate Group and an institutional partner, in the transaction. The sales price was not disclosed.

October 16, 2026

Newer Posts

Older Posts