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Thursday, November 5, 2026Commercial real estate news

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RATE WATCHDaily benchmarks 10-year Treasury4.84%-6 bpAs of Nov 5 5-year Treasury4.59%-10 bpAs of Nov 5 SOFR3.92%-2 bpAs of Nov 5 Effective Fed funds3.88%UnchangedAs of Nov 5

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Industrial / FINANCING

1550 Spillman Drive planned manufacturing facility

Bethlehem, Pennsylvania

Approved

Approved property loan amount: $2,000,000
Transaction type: Financing
Reported: Nov 5, 2026
Closing date: Not disclosed

Read the terms in context

Planned build-to-suit facility; approval is not a closed loan, completed building or signed lease.
Separate $199,684 equipment loan excluded from the property-financing amount.
Total project cost $12,811,868 is not property purchase price.

Companies involved

Approved borrowerMillPress Real Estate Holdings LLC Planned occupierMillPress Imports LLC Financing authorityPennsylvania Industrial Development Authority Program intermediaryLehigh Valley Economic Investment Corporation

Reporting behind the record

Original coverage

Policy & Development · Nov 5, 2026

Pennsylvania approves $4.9 million in loans for property and business projects

Five PIDA loans support warehouse acquisition, a Bethlehem build-to-suit facility and other projects across four counties, according to Pennsylvania’s economic development agency.

Read story ↗

Based on The Basis reporting. Coverage is selective, not a complete market database. Amounts retain their stated meaning; sale prices, loan amounts and lease terms are not combined. “Reported” is the reporting date, not necessarily the closing date.