Eli Lilly has begun construction on a $6.5 billion pharmaceutical manufacturing facility in Houston’s Generation Park. The project will occupy 236 acres and include at least six buildings totaling about 808,000 square feet, making it a major addition to the city’s industrial development pipeline. Key Takeaways Eli Lilly has broken ground on a $6.5 billion manufacturing facility in northeast Houston. The project is planned for 236 acres within Generation Park. The development is expected to include at least six buildings totaling approximately 808,000 square feet. Construction is expected to continue into 2027. The facility is planned to manufacture active pharmaceutical ingredients. Eli Lilly Begins Construction on the Houston Facility Eli Lilly has started construction of a $6.5 billion pharmaceutical manufacturing facility in northeast Houston, establishing a major new building project within Generation Park. The facility is planned as a manufacturing site for active pharmaceutical ingredients. The project covers 236 acres
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Fengate Asset Management and Mavrek Development have begun construction on Julep West Loop, a 25-story mixed-use project in Chicago’s West Loop. The development will include
The average U.S. 30-year fixed mortgage rate reached 6.95% for the week ending September 17, according to Freddie Mac, up from 6.76% a week earlier.
U.S. commercial property developers and owners are facing higher construction and operating expenses after nonresidential construction inputs rose 8.9% year over year in August. Multifamily
U.S. apartment investment volume fell 16% year over year to $12.4 billion in July, according to MSCI data, with garden apartment transactions declining more sharply
Montgomery County has authorized up to $420 million in tax increment financing bonds for MCB Real Estate’s VIVA White Oak development, clearing a major infrastructure
Titan Real Estate Development has begun construction on Park Square Yonkers, a $185 million mixed-use project at 1 Loehr Place in Yonkers, New York. The
Housing affordability weakened across the United States in the second quarter, according to the NAHB/Wells Fargo Cost of Housing Index. Higher mortgage rates and rising
The Rent vs. Buy Gap narrowed across the largest U.S. housing markets in July 2026, while seven metros showed a notable combination of falling starter-home
Hoque Global has completed the first infrastructure phase of University Hills, a roughly 280-acre, $1 billion mixed-use development in Southern Dallas. The milestone advances work
The National Association of Realtors has introduced a quarterly Commercial Real Estate Demand Index covering 306 U.S. metropolitan areas. The index measures local employment, population
Portman has secured construction financing for Gateway 1960, a 714,233-square-foot speculative industrial campus in Houston. The project will include three warehouse facilities at North Houston
New York City’s Second-Home Tax is adding a new annual cost for certain high-value residences beginning with the 2026-27 property-tax year. With roughly 17,000 owners
The former Pinarama Bowling Center in South Tampa has been sold for $3.2 million to Indraplace Tampa LLC. The transaction transfers ownership of the longtime
A Rodeway Inn property in Sun City Center has been sold for $6.5 million, marking a commercial real estate transaction that exceeded its 2018 sale
A new CNBC housing market survey found that more U.S. real estate agents are describing their local markets as balanced rather than favoring sellers. The
Office REIT funds are receiving renewed attention from market observers as investors evaluate commercial real estate investment trusts beyond the fast-growing data center segment. Recent
EQT Real Estate announced the acquisition of a 2.4 million-square-foot logistics portfolio spanning multiple Southeast U.S. markets, adding a collection of industrial properties positioned within
U.S. homebuilder sentiment declined in September as higher mortgage rates weighed on sales conditions and buyer traffic. The National Association of Home Builders/Wells Fargo Housing Market Index fell three
U.S. homebuilding costs increased by a median 6.7% over the past 12 months, according to results from the July 2026 NAHB/Wells Fargo Housing Market Index survey, but the increase
Major U.S. banks announced expanded commitments to finance affordable housing developments and homeownership initiatives, adding new capital to projects intended to increase housing supply. The funding supports public-private housing
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