HILLSBORO, ORE. — Genentech, a member of Swiss pharmaceutical company Roche Group, plans to invest $750 million in a new manufacturing facility at its 75-acre campus in Hillsboro. The development will bring new end-to-end device filling capabilities to the site and expand Genentech’s capacity to support its future pipeline of innovative medicines. The new facility will support the manufacturing of advanced drug delivery devices, such as pre-filled syringes and auto injectors. Designed for flexibility, the facility will be capable of both high- and low-volume device filling across a broad range of Genentech’s portfolio, enabling the site to respond to changing manufacturing needs as the company’s portfolio evolves. Established in 2006, the Hillsboro campus is a hub for Genentech’s U.S. manufacturing network, supporting production across a broad range of therapeutic areas, including oncology, immunology and neurology. Roche and Genentech’s current U.S. footprint includes 13 manufacturing sites, 15 research and development sites and approximately 25,000 employees across 24 locations in eight states.
SAN DIMAS, CALIF. — SRS Real Estate Partners has negotiated the $41 million sale of San Dimas Commerce Center, a 19-building light industrial park at 410-490 W. Arrow Highway in San Dimas, located in the San Gabriel Valley area of Los Angeles County. An undisclosed institutional investor acquired the asset from an entity doing business as San Dimas BP LLC. Dave Faris and Richard Schwartz of SRS Real Estate Partners represented the seller in the deal. Situated on 10.5 acres, the 179,345-square-foot San Dimas Commerce Center was 90 percent occupied by more than 70 local and regional businesses at the time of sale. Most of the individually parceled buildings span less than 10,000 square feet.
COLORADO SPRINGS, COLO. — Gantry has secured a $24.4 million permanent loan as construction takeout financing for The Edison at Chapel Hills, a multifamily property in Colorado Springs’ Briargate neighborhood. Joe Monteleone and Bonnie Monteleone of Gantry represented the borrower, a private real estate investor. The 10-year, non-recourse, fixed-rate loan was secured from Freddie Mac and includes partial term interest only then 35-year amortization. Situated on 7 acres at 970 Menlo Park Point, The Edison at Chapel Hills, features three four-story buildings offering a total of 171 studio, one-, two- and three-bedroom floor plans. In-home amenities include high ceilings, modern kitchens, premium vinyl plank flooring and washers/dryers. Community amenities include a heated pool, 24-hour fitness center, golf simulator, pet spa, dog park, EV charging and garage parking.
LOS ANGELES — Marcus & Millichap has arranged the $5.3 million sale of an apartment building located at 1476 S. Shenandoah St. on the west side of Los Angeles. The sales price equates to $334,937 per unit. Sam Liberow of Marcus & Millichap represented the seller, a company operating as 1476 Shenandoah Street LLC, in the transaction and procured the buyer, a local owner-operator. Built in 1966, the 17,653-square-foot, 16-unit property features two- and three-bedroom units across a mix of floor plans.
CHICAGO — Marcus & Millichap has brokered the $20.4 million sale of a 98-unit multifamily property located at 1515 N. Fremont St. in Chicago’s Lincoln Park neighborhood. The building also features roughly 4,000 square feet of commercial space. Built in 2016, the property offers studio units and features a work-and-play lounge, barbecue and picnic areas, indoor bicycle storage and package locker service. Kyle Stengle of Marcus & Millichap represented the seller, Jack Duncan of Thesis Investment Group, and procured the buyer, Bill Silverstein of Beal Properties.
OVERLAND PARK, KAN. — Anthropologie will join Bluhawk, a 277-acre mixed-use destination in Overland Park, in summer 2027. The store marks the retailer’s third Kansas City-area location to date. Home to AdventHealth Sports Park, Bluhawk brings together retail, dining, hospitality, entertainment and youth sports in a walkable setting. Previously announced tenants at the project include L.L.Bean, Barnes & Noble, J.Crew Factory and the newly opened Buckle.
GRIMES, IOWA — Stark Enterprises, a Cleveland-based developer, is expanding its residential portfolio into Iowa with Blue Creek Village, a 164-unit build-to-rent community in Grimes. The land acquisition is complete, and the development is fully capitalized. Construction is expected to begin this year, with the first homes slated for delivery in 2027. The project marks the first development in Iowa for Stark Enterprises. Blue Creek Village will feature 164 ranch-style rental homes across 33.8 acres. Each residence is designed with open-concept layouts, private outdoor space and attached two-car garages. Units will average 1,189 square feet and come in one-, two- and three-bedroom floor plans. Amenities will include a fitness center, clubhouse, pool, pickleball court, multi-sport simulator, dog park and outdoor gathering spaces. Stark Living, Stark Enterprises’ residential platform, will develop the property, and the company’s in-house construction arm, Arbor Construction, will serve as general contractor.
BUFFALO GROVE, ILL. — The Boulder Group has arranged the $2.8 million sale of a single-tenant retail property net leased to Huntington Bank at 401 Deerfield Parkway in Buffalo Grove. The tenant occupies a 2.5-acre parcel that includes five drive-thru lanes. The 4,680-square-foot building was constructed in 1995. Randy Blankstein, Jimmy Goodman and John Feeney of Boulder Group represented the seller, a Midwest-based real estate fund, and the buyer, a West Coast-based individual investor. Huntington Bank’s lease expires on July 31, 2031. The lease includes two five-year renewal options.
NEW YORK CITY AND DELRAY BEACH, FLA.— A partnership led by alternative asset management firm TPG AG and Florida-based Redfearn Capital has acquired a national portfolio of 53 industrial buildings totaling approximately 5.4 million square feet for $628 million. The seller was not disclosed, but South Florida Business Journal reports that New York-based DRA Advisors sold the portfolio. Roughly 75 percent of the buildings are located in Southeastern markets with “high barriers to entry” such as Atlanta, Raleigh and Charlotte, as well as Tampa and Lakeland, Fla. The portfolio primarily features shallow-bay buildings that were approximately 87 percent leased at the time of sale. Other operating partners within the new ownership group include Atlanta Property Group and Matterhorn Venture Partners. Eastdil Secured Savills advised on the placement of acquisition financing for the transaction. Greenberg Traurig LLP provided legal counseling to the partnership. “We are pleased to acquire and operate a portfolio of high-quality assets with strong occupancy, diversified tenancy and compelling opportunities to create value through active asset management,” says Chris Oka, managing director at TPG AG. “This acquisition reinforces our conviction in the long-term fundamentals of the U.S. shallow-bay industrial sector.” “TPG AG and its operating partners have built …
Richmond’s industrial real estate market has changed considerably over the past several years. What was once a relatively quiet Mid-Atlantic logistics market became one of the country’s most competitive industrial markets during the pandemic. Record leasing activity, limited availability and rapidly rising rents attracted developers and institutional capital from across the country. Today, the market is more balanced — and, in my opinion, healthier. The fundamentals remain strong, but the days of putting a sign on a warehouse and watching tenants compete for the space are behind us. For owners, developers and investors, success in Richmond’s industrial market now requires a much closer look at location, building functionality, basis and tenant demand. The numbers tell the story. Richmond entered the second half of 2026 with an industrial vacancy rate of approximately 5.5 percent, according to CBRE, while the market posted positive net absorption of 136,000 square feet during the second quarter. Average asking rents reached $8.86 per square foot, up 2.4 percent from the prior quarter. At the same time, the development pipeline has grown to approximately 12.6 million square feet under construction, of which approximately 3.9 million are speculative projects. That amount of new supply deserves attention. Richmond has …