Property Type

Mitsubishi Power to Invest $490M for Manufacturing Expansion Project Near Savannah, Create 220 Jobs

by Abby Cox October 26, 2026

POOLER, GA. — Mitsubishi Power Americas has announced it will invest $490 million to expand the company’s existing operations at its Savannah Machinery Works facility at 1000 Pine Meadow Drive in Pooler, a western Savannah suburb that sits close to both the Port of Savannah’s Garden City Terminal and Savannah/Hilton Head International Airport. The expansion will add 450,000 square feet of manufacturing space, doubling the company’s current footprint. The project is expected to create 220 new jobs in Chatham County. Savannah Machinery Works — Mitsubishi Power Americas’ premier heavy-industrial manufacturing plant and service center — opened in 2010 as the company’s first complete gas turbine production facility building outside of Japan. The new facility is scheduled to begin operating in early 2029, according to multiple media sources. Additional details of a construction timeline were not released. Civic support for Mitsubishi’s investment includes the Georgia Department of Economic Development (GDEcD), the Savannah Economic Development Authority, Georgia Power and Georgia Quick Start. “Mitsubishi Power Americas’ products are critical to America’s energy infrastructure, and the company is continuing to invest in Georgia because of the connectivity that our ports, rail, highways and airports provide,” says GDEcD Commissioner Pat Wilson. Mitsubishi Power stated that the …

October 26, 2026

Louisiana Market Reports Multifamily Southeast Southeast Market Reports

New Orleans’ Multifamily Market Has ‘Promising Outlook’

by John Nelson October 26, 2026

Over the past two decades, the multifamily sector, both nationally and locally, has had relatively calm seas, expanding demand, low predictable interest rates and, in the case of metropolitan New Orleans, significant barriers to entry. As a result, the headwinds that New Orleans has faced have been primarily due to national factors (interest rates, inflation) as opposed to any significant local factors. The metro New Orleans market is holding up surprisingly well despite some challenges. Demand is strong, new supply is restrained and although rent growth has been flat, occupancy remains relatively stable. Metro New Orleans is reporting overall occupancy in the 91 to 95 percent range. Average rents are $1,325 per month, with the highest being reported in Downtown New Orleans and St. Tammany Parish. It should be noted that the actual occupancy is at least 100 basis points higher as the metro has a significant number of units off-line as they undergo major renovations. The highest reported rents are in the Central Business District (CBD)/Warehouse District, which consists of predominately mid- and high-rise developments. Rents average $1,985 per month, with reported occupancy in the 92 to 94 percent range. The Mid-City market is reporting average monthly rents of …

October 26, 2026

Development Multifamily Student Housing Texas

Joint Venture Completes 873-Bed Student Housing Project in College Station

by Taylor Williams October 23, 2026

COLLEGE STATION, TEXAS — A joint venture between The Dinerstein Cos., Up Campus Student Living and Harrison Street Asset Management has completed Aspire Reserve, an 873-bed student housing project located near the Texas A&M University campus in College Station. Situated within the Northgate District the 19-story building houses studio through six-bedroom units that range in size from 400 to 1,900 square feet. Amenities include two pools, study and collaboration spaces, a golf and gaming simulator, resident game lounges, a beauty bar, a retail market and an indoor/outdoor fitness and wellness center with yoga and spin studios.

October 23, 2026

Leasing Activity Multifamily Student Housing Texas

McGrath Real Estate Completes Lease-Up of 736-Bed Student Housing Project in Lubbock, Texas

by Taylor Williams October 23, 2026

LUBBOCK, TEXAS — Houston-based developer McGrath Real Estate has completed the lease-up of The Wyatt, a 736-bed student housing project near Texas Tech University in Lubbock. The Wyatt, which is 100 percent occupied, offers one- through five-bedroom units that range in size from 570 to 2,041 square feet. Amenities include a pool, pickleball courts, an outdoor amphitheater, business center, fitness center, coworking space and pet-friendly facilities, as well as shuttle service to campus.

October 23, 2026

Development Multifamily Retail Student Housing Texas

Joint Venture Breaks Ground on Student Housing, Retail Development Near University of Texas at San Antonio

by Taylor Williams October 23, 2026

SAN ANTONIO — A joint venture between Barshop & Oles Co. and Phoenix Property Co. has broken ground on La Cantera Crossing, a 10-acre development that will be located near the University of Texas at San Antonio campus. The project will include a 563-bed student housing community and retail space. Phoenix Property Co. will develop the student housing component of the project, which is expected to be complete in fall 2028. Barshop & Oles will develop the retail component, which will include multi-tenant buildings and pad sites. Further details on the development were not released.

October 23, 2026

Leasing Activity Office Texas

Virtu Signs 55,000 SF Office Lease at The Republic in Downtown Austin

by Taylor Williams October 23, 2026

AUSTIN, TEXAS — Virtu has signed a 55,000-square-foot office lease at The Republic, a 48-story office building in downtown Austin. The global financial services firm will occupy two high-rise floors. CBRE and Sage Realty NYC co-represented Virtu in the lease negotiations. A partnership between San Francisco-based DivcoWest, Phoenix Property Group and Lincoln Property Co. owns The Republic, and Lincoln also handles leasing efforts at the property.

October 23, 2026

First-Logistics-Center-@I-83-York-Pennsylvania

Industrial Leasing Activity Northeast Pennsylvania

First Industrial Leases 708,000 SF Building in York, Pennsylvania

by Taylor Williams October 23, 2026

YORK, PA. — Chicago-based REIT First Industrial Realty Trust (NYSE: FR) has leased the entirety of First Logistics Center @ I-83, a 708,000-square-foot building in the Central Pennsylvania city of York. The tenant was not disclosed. The address and specific features of the building were also not disclosed, but the site offers proximity to interstates 76, 81 and 78, as well as Harrisburg International Airport. Leah Balerno, Ryan Barros, Vincent Ranalli, Patrick Lafferty and Bill Pellington of CBRE represented First Industrial in the lease negotiations.

October 23, 2026

Development Healthcare Northeast Pennsylvania

Geisinger Tops Out 600,000 SF Healthcare Project in Wilkes-Barre, Pennsylvania

by Taylor Williams October 23, 2026

WILKES-BARRE, PA. — Geisinger Health System has topped out construction of 600,000-square-foot project in Wilkes-Barre, located in northeastern Pennsylvania. The 11-story inpatient facility is being developed as part of the Geisinger Wyoming Valley Medical Center expansion. Project partners include architect FCA, general contractor Turner Construction, structural engineer O’Donnell and Naccarato and steel fabricator Beauce Atlas. Completion is slated for 2028. As part of the project, Geisinger is also renovating 102,000 square feet of existing hospital space and a pedestrian bridge that connects the project to a medical office building that is also under construction on campus.

October 23, 2026

Acquisitions Industrial New Jersey Northeast

JLL Brokers $56.9M Sale of Central New Jersey Distribution Facility

by Taylor Williams October 23, 2026

MONMOUTH JUNCTION, N.J. — JLL has brokered the $56.9 million sale of a 223,977-square-foot distribution facility in the Central New Jersey community of Monmouth Junction. The single-tenant property at 27 Distribution Way features a clear height of 22 feet, 28 loading doors, 225-foot truck court depths and parking for 57 trailers and 126 cars. Jason Lundy, Nicholas Stefans, Ryan Cottone, Luke Ceccoli and Nate Demetsky of JLL represented the seller, CenterPoint Properties, in the transaction. The buyer was Denver-based investment firm Sagard Real Estate.

October 23, 2026

Leasing Activity New York Northeast Office

Mercor Signs 25,550 SF Office Lease at One World Trade Center in Lower Manhattan

by Taylor Williams October 23, 2026

NEW YORK CITY — Mercor, which organizes human intelligence to power the AI economy, has signed a 25,550-square-foot office lease at One World Trade Center in Lower Manhattan. The space is located on the 77th floor. Harry Singer of CBRE represented Mercor in the lease negotiations. David Falk, Peter Shimkin, Hal Stein, Nathan Kropp and Paige Raisides of Newmark, along with internal agents Eric Engelhardt, Karen Rose and Sayo Kamara represented the landlord, The Durst Organization, which developed the building in partnership with The Port Authority of New York and New Jersey.

October 23, 2026

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