Property Type

Annex Group Unveils Plans to Build 262-Unit Affordable Housing Property in Fargo

by Kristin Harlow October 22, 2026

FARGO, N.D. — The Annex Group has unveiled plans to build Central at the Horizon, a 262-unit affordable housing property in Fargo. The units will be designated for households earning up to 60 percent of the area median income. The project will consist of four stories of residential units above a one-story parking garage. Amenities will include a community center, fitness center, business center, play area and picnic area. Partners on the project include BVH Architecture, Summit LIHTC Consulting, MBN Engineering, Braun Intertec and Impact Housing Indiana Corp. The City of Fargo and The State of North Dakota Department of Commerce approved Renaissance Zone tax abatements for the development. The North Dakota Housing Finance Agency (NDHFA) provided $3 million though the state’s Housing Incentive Fund program. WNC provided $38 million in total equity, while Citi Community Capital provided ore than $36 million in permanent debt financing as well as $66 million in construction financing. NDHFA issued 4 percent tax credits and $47.5 million in tax-exempt multifamily housing bonds. The project, slated to open in summer 2028, marks Annex’s first community in North Dakota.

October 22, 2026

Industrial Market Reports Midwest Midwest Market Reports Missouri

Aerospace Momentum Fuels Industrial Growth in St. Louis Region

by Kristin Harlow October 22, 2026

By Mary Lamie, Bi-State Development and St. Louis Regional Freightway The St. Louis region’s workforce, multimodal infrastructure and industrial real estate assets have long attracted manufacturers and logistics operators. Today, new analysis highlights another competitive advantage: its role as the anchor of the emerging I-44 Aerospace Supply Chain Corridor. Stretching approximately 650 miles from the St. Louis region through Tulsa and Oklahoma City and into the Dallas-Fort Worth metro area, the corridor connects one of the nation’s most concentrated networks of aerospace manufacturers, defense contractors, suppliers and maintenance providers. According to the 2026 St. Louis Regional Industrial Real Estate Market Indicators & Workforce Statistics Report, the corridor supports more than 1.6 million aerospace manufacturing and related jobs and generates more than $250 billion in economic activity. Perhaps most significant, one in five of those jobs is located in the St. Louis region, underscoring the area’s importance as a leading aerospace manufacturing and logistics hub. “The I-44 Aerospace Supply Chain Corridor is the logistics backbone of America’s aerospace industry,” says Doug Rasmussen, founder and CEO of Steadfast City Economic and Community Partners, which prepared the report for the St. Louis Regional Freightway. The data support that conclusion. Aerospace manufacturing jobs along …

October 22, 2026

Acquisitions Colorado Company News Multifamily Top Stories Western

Apollo to Purchase Majority Stake in $2B UDR Multifamily Portfolio

by John Nelson October 22, 2026

DENVER AND NEW YORK CITY — Global asset manager Apollo (NYSE: APO) and UDR Inc. (NYSE: UDR), a multifamily REIT based in Denver, are forming a new long-term joint venture involving an apartment portfolio valued at approximately $2 billion. The joint venture will own a portfolio of 19 communities totaling 7,059 apartments. The names and addresses of the properties were not released. Under terms of the agreement, Apollo’s affiliates and funds managed by Apollo will invest $1.34 billion of equity capital into the newly established joint venture, representing an approximate two-thirds interest. UDR will retain a one-third interest and consolidate the joint venture, as well as operate and manage the portfolio, for which it will earn an asset management fee. UDR plans to utilize the proceeds from the new equity capital infusion for investment in “higher-growth assets,” general corporate purposes and debt reduction. Tom Toomey, chairman, president and CEO of UDR, says that accessing low-cost, permanent equity capital has been a “strategic priority” for the company. “With this transaction, we believe we will be positioned to take advantage of compelling opportunities in the marketplace while improving the quality of our wholly owned portfolio and strengthening our balance sheet,” says Toomey. “This …

October 22, 2026

Acquisitions Multifamily Texas

IPA Arranges Sale of 288-Unit Apartment Complex in Red Oak, Texas

by Taylor Williams October 20, 2026

RED OAK, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Ovilla at Legacy Square, a 288-unit apartment complex in Red Oak, a southern suburb of Dallas. Built on 18 acres in 2023, Ovilla at Legacy Square offers one-, two- and three-bedroom units that range in size from 600 to 1,351 square feet. Amenities include a pool, clubhouse, outdoor grilling and dining stations and a dog park. Michael Ware, Joey Tumminello, Drew Kile and Taylor Hill of IPA represented the seller, a partnership between Thompson Realty Capital and Trez Capital, in the transaction. The quartet also procured the buyer, Fogelman Properties, which plans to make capital improvements to the complex.

October 20, 2026

Acquisitions Restaurant Retail Texas

Marcus & Millichap Brokers $7.5M Sale of Restaurant Building in Katy, Texas

by Taylor Williams October 20, 2026

KATY, TEXAS — Marcus & Millichap has brokered the $7.5 million sale of an 8,753-square-foot restaurant building in the western Houston suburb of Katy. The sales price equates to $874.84 per square foot. The building at 222 W. Grand Parkway was constructed on a 1.5-acre site in 2017 and is net-leased to Brazilian restaurant chain Fogo de Chao. Alvin Mansour and David Kern of Marcus & Millichap represented the seller, a developer, in the all-cash transaction. The buyer was a California-based 1031 exchange investor. Both parties requested anonymity.

October 20, 2026

Industrial Leasing Activity Texas

G&S Fasteners Signs 19,200 SF Industrial Lease in Northwest Houston

by Taylor Williams October 20, 2026

HOUSTON — G&S Fasteners has signed a 19,200-square-foot industrial lease in northwest Houston. The supplier of industrial and construction equipment is taking space at the building at 7818 Kempwood Drive, which according to LoopNet Inc. is a 59,718-square-foot structure that was built in 1981. Stephen Golding of locally based brokerage firm Oxford Partners represented the tenant in the lease negotiations. Natalie Gilbert of Stream Realty Partners represented the landlord, a subsidiary of New York City-based private equity firm DRA Advisors.

October 20, 2026

Leasing Activity Restaurant Retail Texas

Baker Katz Negotiates Five Leases for Einstein Bros. Bagels Totaling 9,548 SF in Greater Houston

by Taylor Williams October 20, 2026

HOUSTON — Baker Katz has negotiated five leases totaling 9,548 square feet for Einstein Bros. Bagels in the greater Houston area. The spaces are located in the city’s Garden Oaks district and in the suburbs of Tomball, Spring, Baytown and Manvel. Lunden McGill and John Frazier of Baker Katz represented Einstein Bros. in all lease negotiations. Landlord brokers included Lindsey Lee and Rami Khoury of Blue Ox Group (Houston); Kristen Barker of Edge Properties (Tomball); Austen Baldridge and Diandra Breen of NewQuest (Spring); Anna Grace Mako of Fidelis (Baytown); and Kyle Knight of Weitzman (Manvel).

October 20, 2026

Development Multifamily New Hampshire Northeast Restaurant

Partnership Completes Multifamily Project, Public Park in Dover, New Hampshire

by Taylor Williams October 20, 2026

DOVER, N.H. — A partnership between Boston-based developer Cathartes and the City of Dover, located near the Maine-New Hampshire border, has completed a multifamily project and public park in the city’s waterfront district., The Truette is a 220-unit apartment complex that features studio, one-, two- and three-bedroom units, as well as 2,200-square-foot townhomes. Amenities include a rooftop terrace, coworking spaces, fitness areas and pet-friendly facilities, as well as an onsite restaurant. The 3.5-acre Nebi Park features art installations and a 2,300-square-foot pavilion and green space for public events

October 20, 2026

Affordable Housing Development Illinois Midwest Mixed-Use Multifamily

Habitat, Cabrera Capital Break Ground on LeClaire Courts Mixed-Use Redevelopment in Chicago

by Kristin Harlow October 20, 2026

CHICAGO — Habitat and Cabrera Capital, in partnership with the Chicago Housing Authority (CHA), have broken ground on the first residential phase of the redevelopment of the LeClaire Courts public housing community, which was completed in the 1950s and demolished in 2011. Replacing a 32-acre site in Chicago’s Garfield Ridge community, the multi-phase project will ultimately include up to 700 residential units, approximately 440,000 square feet of commercial space and publicly accessible open space. The first phase includes two six-story buildings comprising 183 apartments offered in a mix of studio, one-, two- and three-bedroom floor plans. Ninety percent of the homes will be designated as affordable through income and rent restrictions supported by public financing for qualifying low- and moderate-income residents, while the remaining units will be offered at market rate. Funding sources for the $119 million first phase include a $27 million capital loan from CHA, $9.5 million in city multifamily program funds, $5.5 million in tax-increment financing, $33.7 million in Low-Income Housing Tax Credit equity, $1.3 million in Illinois Affordable Housing Tax Credit equity and a $1.2 million deferred developer fee. The financing structure brings together the CHA, the city, Bank of America and other mission-driven investment partners. …

October 20, 2026

Acquisitions Industrial Midwest Ohio

JLL Arranges Sale of 300,400 SF Industrial Facility in New Albany, Ohio

by Kristin Harlow October 20, 2026

NEW ALBANY, OHIO — JLL Capital Markets has arranged the sale of New Albany Tech Park 300, a 300,400-square-foot distribution center in the Columbus suburb of New Albany. John Huguenard, Sean Devaney, Ed Halaburt, Kurt Sarbaugh, Ross Bratcher and Will McCormack of JLL represented the seller, VanTrust Real Estate. Realty Income was the buyer. Completed in 2026, the facility features a clear height of 36 feet, 135-foot truck courts, 30 dock doors, four drive-in doors and a 3,600-amp power capacity. The asset is fully leased to a technology and artificial intelligence company on a long-term basis.

October 20, 2026

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