Property Type

Federal Government Agencies Break Ground on $228M Food Lab Near Denver

by Taylor Williams June 22, 2026

LAKEWOOD, COLO. — The U.S. General Services Administration (GSA), U.S. Health and Human Services (HHS) and the U.S. Food and Drug Administration (FDA) have broken ground on a $228 million food lab in Lakewood, a southwestern suburb of Denver. According to Colorado Politics, the site is located within Denver Federal Center, a complex that spans 4 million square feet of space across 90 buildings. The complex houses operations of 28 federal agencies representing some 6,200 employees, according to the local publication. The new food lab will include 16,500 square feet of new lab space for microbiology functions and 14,000 square feet for chemistry initiatives. The facility will be used to support the FDA’s management of foodborne illness outbreaks and ensure product safety for food, drugs and cosmetics. Completion is slated for 2029. The exterior design of the facility will feature a neoclassical style that reflects President Donald Trump’s executive order to “making federal architecture beautiful again.” The interior of the facility will include controlled access and a sustained directional airflow system. Additionally, the property will be the FDA’s only Biosafety Level 3 facility west of the Mississippi River. “Laboratories are vital to the FDA’s mission to ensure the safety of …

June 22, 2026

Georgia Market Reports Multifamily Southeast Southeast Market Reports

Atlanta Multifamily: Liquidity Is Back, And the Supply Squeeze Is Next

by John Nelson June 22, 2026

Twenty-two apartment properties traded in metro Atlanta during the first quarter of 2026 for just over $1 billion, nearly double the $528 million that traded across 15 deals in first-quarter 2025. Our team’s current offerings are seeing tour volume of 30 to 40 prospects, which is up 20 percent from a couple years ago. We are also seeing 20 or more offers per property, and the quality of buyer has greatly improved — capital has stopped waiting for clarity and started competing for product. Liquidity rebounded in the Atlanta apartment market in 2025, and the supply-demand setup heading into 2027 is the reason institutional and private capital is moving now rather than later. Let’s start with the rebound. Across 2025, transaction count rose 31 percent, total dollar volume increased 18 percent and average cap rates tightened roughly 16 basis points. Buyers paid up for better-located, higher-quality assets and stayed disciplined on legacy unit-count metrics. The bid-ask gap that froze 2023 and most of 2024 finally closed, but on terms that rewarded specificity rather than just appetite. Sellers, for their part, have moved into a more pragmatic posture. A meaningful share of 2026 activity reflects fund-life timing decisions — sponsors that …

June 22, 2026

Development Leasing Activity Office Texas

Celestica Unveils Plans for $300M Expansion of Metro Dallas Campus

by Taylor Williams June 19, 2026

RICHARDSON, TEXAS — Celestica, a Canadian electronics manufacturer, has unveiled plans for the expansion of its Telecom Parkway campus in Richardson, a northeastern suburb of Dallas. The initiative represents a capital investment of approximately $300 million and is expected to account for the creation of roughly 2,300 new jobs over the next two years in addition to the retention of about 400 existing jobs. Celestica has renewed its office leases at both its existing buildings and has also begun construction on a new, 343,000-square-foot building. Celestica has also entered into a public-private partnership with the City of Richardson, which has approved a $3 million tenant improvement grant to support Celestica’s long-term commitment, capital investment and job creation.

June 19, 2026

AgriLife-Meat-Science-&-Technology-Building-Texas-A&M-University

Civic Development Texas

Skanska Breaks Ground on $134M Academic Project at Texas A&M University in College Station

by Taylor Williams June 19, 2026

COLLEGE STATION, TEXAS — International development and construction company Skanska has broken ground on an academic project at Texas A&M University in College Station that is valued at approximately $134 million. The AgriLife Meat Science & Technology Building will span 85,600 square feet and will serve as a cornerstone of a future agriculture district on the university’s West Campus. The facility will feature updated labs, classrooms and processing space to support applied research and hands-on education, as well as a retail outlet with a public storefront for products developed at the center. Construction is expected to be complete in 2028.

June 19, 2026

Acquisitions Industrial Self-Storage Texas

Marcus & Millichap Brokers Sale of 1,087-Unit Self-Storage Portfolio in Elgin, Texas

by Taylor Williams June 19, 2026

ELGIN, TEXAS — Marcus & Millichap has brokered the portfolio sale of two self-storage properties totaling 126,038 net rentable square feet of space across 1,087 units in Elgin, an eastern suburb of Austin. Known as the Solid Ground Storage Portfolio, the facilities are located at 505 and 1210 W. U.S. Highway 290 and feature 81,878 net rentable square feet across 721 units and 44,160 net rentable square feet across 366 units, respectively. Dave Knobler, Mixson Staffel, Charles LeClaire and Jon Danklefs of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

June 19, 2026

Leasing Activity Retail Texas

Walmart to Open 175,995 SF Store at Santa Rita Ranch in Liberty Hill, Texas

by Taylor Williams June 19, 2026

LIBERTY HILL, TEXAS — Walmart (NASDAQ: WMT) will open a 175,995-square-foot store in Liberty Hill, located north of Austin in Williamson County. The store will be located within Santa Rita Ranch, a $100 million mixed-use development, and is expected to add about 400 new jobs to the local economy. The opening is set for next year. Ed Horne is the owner and master developer of Santa Rita Ranch.

June 19, 2026

Development Loans Multifamily New York Northeast Office

MRC Provides $480M in Financing for Office-to-Residential Conversion Project in Midtown Manhattan

by Taylor Williams June 19, 2026

NEW YORK CITY — Madison Realty Capital (MRC) has provided $480 million in financing for an office-to-residential conversion project in Midtown Manhattan. The project will convert the 27-story, 523,051-square-foot building at 1740 Broadway, which spans nearly a full city block between 55th and 56th streets, into a 420-unit multifamily building with 238 apartments and 182 condos. The converted building will also feature 60,000 square feet of amenities, including a 22,000-square-foot sporting club, a spa with a lap pool, a concealed speakeasy bar in the building’s original bank vault and dedicated lounge and sun deck spaces for residents. Jason Krane, Russ Schildkraut and Simon Ziff of Ackman-Ziff arranged the financing on behalf of the owner, Yellowstone Real Estate Investments. Completion is slated for the third quarter of 2029.

June 19, 2026

Acquisitions Affordable Housing Development Multifamily New York Northeast

Tredway Buys 168-Unit Affordable Seniors Housing Complex in Peekskill, New York, Plans Rehabilitation

by Taylor Williams June 19, 2026

PEEKSKILL, N.Y. — New York-based owner-operator Tredway has purchased a 168-unit affordable seniors housing complex in Peekskill, about 50 miles north of New York City. The property at 901-907 Main St. houses units that are reserved for renters earning 60 percent or less of the area median income. As a means of preserving affordability, Tredway plans to invest about $4.5 million in capital improvements to the property, including façade repairs, upgrades to building systems and the installation of new in-unit appliances. Tredway also plans to enhance the building’s security systems and introduce new social services. The seller and sales price were not disclosed.

June 19, 2026

Acquisitions New Jersey Northeast Office

Cushman & Wakefield Brokers $17M Sale of Office Building in West Orange, New Jersey

by Taylor Williams June 19, 2026

WEST ORANGE, N.J. — Cushman & Wakefield has brokered the $17 million sale of a 129,298-square-foot office building in West Orange, about 20 miles west of New York City. The newly renovated building sits on an 8.7-acre site at 300 Executive Drive and was fully leased at the time of sale. Andrew Schwartz, Jordan Sobel, Andre Balthazard and Dan Bottiglieri of Cushman & Wakefield represented the seller, Triumvirate Realty, in the transaction and procured the buyer, an entity doing business as Executive Drive W Orange LLC. Brian Anderson and Eddie Miro, also with Cushman & Wakefield, arranged acquisition financing for the deal.

June 19, 2026

Leasing Activity New York Northeast Office

Sher Tremonte LLP Signs 26,405 SF Office Lease Renewal in Lower Manhattan

by Taylor Williams June 19, 2026

NEW YORK CITY — Law firm Sher Tremonte LLP has signed a 10-year, 26,405-square-foot office lease renewal in Lower Manhattan’s Financial District. The space spans the entire 22nd and 23rd floors of the 410,000-square-foot building at 90 Broad St. Seth Hecht of JLL represented the tenant in the lease negotiations. Jon Fein of Cushman & Wakefield, along with internal agent Josh Turman, represented the landlord, Princeton International Properties.

June 19, 2026

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