Property Type

AdventHealth Opens 88,000 SF Aurora Highlands Medical Campus in Colorado

by Amy Works September 22, 2026

AURORA, COLO. — AdventHealth has opened AdventHealth Aurora Highlands, a medical campus within the The Aurora Highlands that will open to patients on Tuesday, Sept. 29. Located at 3405 N. Main St., AdventHealth Aurora Highlands emergency room and medical office building is the first phase of a planned, dual-phase medical campus. The 88,000-square-foot facility includes a 24-hour freestanding emergency room, outpatient imaging and clinic services. The campus will offer a freestanding emergency department with eight exam rooms, two trauma exam rooms and a helipad; outpatient imaging services, including CT, ultrasound and X-ray, with plans to add MRI services in the future; primary care, orthopedic, cardiology and OB/GYN services; and additional clinic space to support future growth. AdventHealth Aurora Highlands is equipped with 96 geothermal wells, each extending approximately 500 feet underground. Together the wells provide up to 240 tons of heating and cooling capacity, helping reduce energy use and carbon emissions. The new campus is part of AdventHealth’s long-term commitment to growing access to healthcare as The Aurora Highlands submarket expands. Future campus development plans will include a 50- to 75-bed hospital with an anticipated Level III trauma center designation. The project team includes HKS as architect of record, SmithGroup as …

September 22, 2026

Acquisitions California Multifamily Western

Marcus & Millichap Arranges $8.6M Sale of Tremont Street Apartments on California’s Santa Catalina Island

by Amy Works September 22, 2026

AVALON, CALIF. — Marcus & Millichap has arranged the sale of Tremont Street Apartments, a 62-unit affordable housing property in Avalon, the only incorporated city on Santa Catalina Island. The asset sold for approximately $8.6 million. The seller was a limited partnership known as Black Rose Catalina, and the buyer was Newport Beach, Calif.-based Tailwind Investment Group. Arteen Zahiri and Tony Azzi, both members of the Azzi Group in Marcus & Millichap’s Los Angeles office, represented the seller and procured the buyer. Built in 1983, the apartment community operates under a Section 8 Housing Assistance Payments (HAP) contract and is subject to a ground lease with the Santa Catalina Island Co. through 2053. The property is expected to continue operating as an affordable housing community under its existing HAP contract and long-term ground lease. The Santa Catalina Island Co. is a private, for-profit hospitality and real estate group that owns major tourism operations, commercial properties and land on Catalina Island.

September 22, 2026

Michigan Midwest Retail

Detroit Tigers, Fifth Third Bank Rename Comerica Park

by Kristin Harlow September 22, 2026

DETROIT — The Detroit Tigers and Fifth Third Bancorp (NYSE: FITB) have announced that Comerica Park will become Fifth Third Park. The naming rights transition follows Fifth Third’s acquisition of Comerica in February. After the merger, Fifth Third became the largest retail deposit holder in both Michigan and Detroit, established its Michigan regional headquarters at One Campus Martius in downtown Detroit and maintained the Great Lakes Campus in Farmington Hills. Since opening in 2000, the ballpark has anchored Detroit’s sports and entertainment district. Signage updates will roll out during the offseason, and the marquee signage will be installed ahead of the 2027 season. Comerica Park has been the name of the stadium since it opened.

September 22, 2026

Acquisitions Illinois Industrial Midwest

Cawley CRE Arranges Sale of 340,000 SF Industrial Property in Plainfield, Illinois

by Kristin Harlow September 22, 2026

PLAINFIELD, ILL. — Cawley Commercial Real Estate has arranged the sale of a 340,000-square-foot industrial property on 42 acres in Plainfield. Cawley CRE represented the seller in the transaction, with Joshua Hearne leading the assignment. Tower Real Estate Development and RAK Realty Group acquired the property through a joint venture. They plan to reposition the asset from a Class C property to a Class A property. The site is the first industrial facility positioned at the entrance of the new 143rd Street corridor extension, providing direct access to I-55. It also offers access to a former direct CN rail spur and proximity to BNSF rail. Improvements, managed by Redwood Construction Group, will include a complete building reskin with a new precast façade, new mechanical systems, update sprinkler systems, new office build-outs, new dock levelers and doors and conversion to a cross-dock configuration. The south portion of the site and building perimeter truck court lanes will be newly paved, while the existing truck court will remain, with capacity for more than 200 truck stalls or equipment storage.

September 22, 2026

Leasing Activity Midwest Minnesota Office

CBRE Signs Three New Office Leases in Minneapolis Market

by Kristin Harlow September 22, 2026

MINNEAPOLIS — CBRE has signed three new office leases in the Minneapolis-St. Paul market. The brokerage firm signed a 15,586-square-foot lease at Arcadia in Edina for its advisory employees. CBRE’s John Ferlita and John Lorence represented the company. Opus is constructing the 118,000-square-foot, six-story building. CBRE is among the initial tenants scheduled to occupy the property upon delivery. CBRE also signed a 5,871-square-foot lease at U.S. Bancorp Center at 800 Nicollet Mall to provide a downtown option for its advisory employees. CBRE’s Brandon Megal represented the company in the transaction. The U.S. Bancorp Center is a 937,000-square-foot, 32-story building owned by Piedmont Realty Trust that has recently undergone extensive renovations. Additionally, CBRE inked a 27,331-square-foot lease at One Meridian in Richfield to house its BSO, property management accounting and investment accounting and reporting businesses. CBRE’s John Lorence represented the company in the lease. The 204,862-square-foot, eight-story building, also owned by Piedmont Realty Trust, is undergoing renovations. CBRE employees will relocate from Two MarketPointe in Bloomington into the three new office spaces in the first half of 2027. The new offices are part of CBRE’s Workplace360 program, which showcases the company’s “Future of Work” space standards, including technology and collaborative spaces …

September 22, 2026

Acquisitions Illinois Midwest Retail

Marcus & Millichap Negotiates $7.8M Sale of Retail Center in Highland Park, Illinois

by Kristin Harlow September 22, 2026

HIGHLAND PARK, ILL. — Marcus & Millichap has negotiated the $7.8 million sale of Garrity Square, a 13-suite retail property in Highland Park. The 20,000-square-foot center is located at 1833 Deerfield Road. The asset is anchored by a freestanding Starbucks that has operated at the property since 2002. Adrian Mendoza, Sean Sharko and Austin Weisenbeck of Marcus & Millichap represented the seller and procured a private investor buyer.

September 22, 2026

Development Industrial Texas Top Stories

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

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