Property Type

Eli Lilly Breaks Ground on $6.5B GLP-1 Manufacturing Facility in Northeast Houston

by John Nelson September 22, 2026

HOUSTON — Global pharmaceutical giant Eli Lilly and Co. (NYSE: LLY) has officially broken ground on its $6.5 billion manufacturing facility in northeast Houston. The 1 million-square-foot project will serve as the newest active pharmaceutical ingredient (API) manufacturing facility, where the company will primarily produce Foundayo, Lilly’s first synthetic oral GLP-1 weight loss medicine. The site is located within Generation Park, a 4,300-acre master-planned development in Harris County. The master developer, locally based McCord Development, began pursuing life sciences users at the park in 2023 before securing Lilly last fall. Lilly expects to create 600 high-paying jobs at the new plant, including engineers, scientists and lab technicians who will implement technologies including machine learning, AI, digitally integrated systems and advanced data analytics. The project is also expected to create 4,000 temporary construction jobs during its development. Texas Gov. Greg Abbott attended the groundbreaking ceremony that took place yesterday. “Lilly’s $6.5 billion capital investment expands our healthcare dominance in the Lone Star State,” said Abbott. “Strategic investments like this one strengthen our global supply chain for healthcare and medicines right here in Texas.” The Generation Park facility is one of five domestic API manufacturing facilities announced by Lilly since 2020. Other API …

September 22, 2026

Acquisitions California Multifamily Seniors Housing Western

Affinius Capital, Alliance Residential Dispose of 545-Unit Seniors Housing Portfolio in Northern California

by Amy Works September 21, 2026

ROSEVILLE AND SAN JOSE, CALIF. — A joint venture between Affinius Capital and Alliance Residential has sold a two-property seniors housing portfolio totaling 545 units in Northern California. The portfolio includes Sonrisa Senior Living in Roseville and The Watermark at Almaden in San Jose. Sonrisa Senior Living comprises 201 independent living units, 120 assisted living units and 24 memory care units across two buildings that were constructed in 2021 and 2023. The Watermark at Almaden, which features 200 independent living, assisted living and memory care units, opened in 2021. Amenities at the communities include outdoor pools, fitness centers, salons and spas, theaters and bocce ball and pickleball courts. Aaron Rosenzweig, Dan Baker and Sandis Seale of JLL Capital Markets arranged the transaction on behalf of the seller. A publicly traded REIT acquired the properties for an undisclosed price. According to a statement released by JLL, the transaction represents one of the largest seniors housing portfolio sales in Northern California in recent years.

September 21, 2026

Acquisitions California Industrial Western

Newmark Brokers Sale of Four-Building Industrial Portfolio in Silicon Valley

by Amy Works September 21, 2026

MILPITAS, CALIF. — Newmark has arranged the sale of The Cadillac Court Industrial Portfolio, an industrial campus in Milpitas. An undisclosed seller sold the four-building property to Galvanize Real Estate, the sustainable real estate strategy of Galvanize, for an undisclosed price. Steve Golubchik, Edmund Najera, Darren Hollak and Brendan Raney of Newmark represented the seller in the deal. Approximately 95 percent leased, the 302,447-square-foot campus is adjacent to Interstate 880 and offers immediate access to State Route 237. Built between 1991 and 1994, the property features 61 dock-high doors, 16 grade-level doors and approximately 8,000 amps of power. The campus serves a diverse tenant roster spanning millworker and fabrication, corporate services, technology and distribution uses.

September 21, 2026

Acquisitions California Multifamily Western

Tesseract Capital Sells Apartment Property in Modesto, California for $26.6M

by Amy Works September 21, 2026

MODESTO, CALIF. — San Francisco-based Tesseract Capital Group has completed the sale of The Marc at 1600 in Modesto to an undisclosed family office for $26.6 million. Located at 1600 Standiford Ave., The Marc at 1600 features 100 one- and two-bedroom apartments with an average size of 798 square feet. Otto Ozen, Brian Nakamura and Nazli Santana of The Mogharebi Group represented the seller in the deal.

September 21, 2026

Colorado Development Multifamily Western

Livmark, Hillside to Develop 185-Unit Multifamily Community in Longmont, Colorado

by Amy Works September 21, 2026

LONGMONT, COLO. — Livmark Communities and Hillside Commercial Group have started construction of Fielder at Fox Hill, an apartment and townhome property adjacent to Fox Hill Country Club golf course in Longmont. Landmark Construction Solutions is serving as general contractor and Greystar will manage the completed property. Construction activities began in June with initial site work and infrastructure improvements. Slated for completion in fall 2027, Fielder at Fox Hill will feature 185 units, including townhomes with private yards and two-car garages, across 11 two- and three-story buildings. Community amenities will include a clubhouse, an indoor and outdoor fitness space, a pool and hot tub with cabanas, outdoor fire pits, bike racks and a repair station, a rentable kitchen and game area, coworking space, a sauna, dog wash, pocket parks and pergola areas, electric vehicle chargers in every garage and secure package lockers.

September 21, 2026

Development Multifamily Texas

OHT Partners Breaks Ground on 360-Unit Multifamily Project in West Houston

by Taylor Williams September 21, 2026

HOUSTON — Austin-based developer OHT Partners has broken ground on Park Row, a 360-unit multifamily project in West Houston. The 14-acre site at 14192 Park Row Blvd. is located in the Energy Corridor, and the development will feature one- and two-bedroom units that will range in size from 702 to 1,257 square feet. Amenities will include a pool, clubhouse, fitness room, coworking space, communal kitchen, package lockers, a dog park, pickleball court and outdoor grilling and dining stations. Meeks + Partners is the project architect, and OHT’s in-house team is serving as the general contractor. A tentative completion date was not announced.

September 21, 2026

Acquisitions Industrial Texas

Link Logistics Acquires 291,285 SF Industrial Property in Coppell, Texas

by Taylor Williams September 21, 2026

COPPELL, TEXAS — New York City-based Link Logistics has acquired a 291,285-square-foot industrial property in Coppell, located in the northern-central part of the metroplex. Link Logistics acquired the fully leased building at 450 Airline Drive as part of a two-property portfolio deal that also included a 61,111-square-foot building in Austin. Stream Realty Partners brokered the deal. The seller and sales price were not disclosed.

September 21, 2026

Acquisitions Hospitality Texas

Marcus & Millichap Brokers Sale of 71-Room Hotel in Temple, Texas

by Taylor Williams September 21, 2026

TEMPLE, TEXAS — Marcus & Millichap has brokered the sale of a 71-room hotel in the Central Texas city of Temple. The Holiday Inn Express & Suites in Temple offers a mix of rooms and suites in addition to a pool and a fitness center. Skyler Cooper, Chris Gomes and Allan Miller of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

September 21, 2026

Industrial Leasing Activity Lee & Associates Texas

Lee & Associates Negotiates 35,000 SF Industrial Lease in Northeast Fort Worth

by Taylor Williams September 21, 2026

FORT WORTH, TEXAS — Lee & Associates has negotiated a 35,000-square-foot industrial lease in northeast Fort Worth. According to LoopNet Inc., the building at 566 N. Beach St. totals 123,450 square feet. Aaron Schulle, Trey Fricke and Reid Bassinger of Lee & Associates represented the undisclosed tenant in the lease negotiations. Nick Talley of LanCarte Commercial represented the landlord, Melvin Evans Warehouses Ltd.

September 21, 2026

Florida Georgia Industrial Loans South Carolina Southeast

JLL Arranges $102M in Financing for Four-Property Industrial Portfolio Spanning Three States

by Abby Cox September 21, 2026

NEW YORK — JLL Capital Markets has arranged a $102 million loan to finance a four-property industrial portfolio spanning Georgia, Florida and South Carolina. Peter Rotchford, Steven Binswanger and Lucas Borges of JLL secured the loan through Canadian Imperial Bank of Commerce (CIBC) on behalf of the borrower, SkyREM. The portfolio, which totals 1.9 million square feet, is currently fully leased to six tenants with a weighted average lease term of more than six years.

September 21, 2026

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