Net lease news – page 103

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DealOfficeCousins, Town Lane Complete $20M Atlanta Tower MakeoverAug 10, 2026Cousins and Town Lane jointly funded a $20 million renovation of the Proscenium building, a 21-story office building in downtown Atlanta. The joint venture bought the building in 2024. The Atlanta Business Journal reports the building is now over 75% occupied.OfficePrivate Equity Firm OceanSound Expands to 32K SF at SL Green’s 450 Park AvenueAug 10, 2026New York-based private equity group OceanSound Partners has expanded by more than 10,000 square feet at SL Green Realty’s 450 Park Avenue office tower in Midtown.TenantsOfficeStream Lands Cummins Station Leasing AssignmentAug 10, 2026Stream Realty Partners has been awarded the leasing assignment for Cummins Station, a more than 400,000-square-foot adaptive reuse office property located at 209 10th Ave. S in Nashville’s Urban Core.DealCentersRyman Acquires Orlando Resorts for Record $1.38BAug 10, 2026Trinity Investments sold the Grande Lakes Orlando Resort, a 409-acre luxury complex anchored by a 582-key Ritz-Carlton (shown) and a 1,010-key JW Marriott, for $1.38 billion to Ryman Hospitality Properties, Inc.BLS: U.S. Economy Unexpectedly Loses 23,000 Jobs in JulyAug 10, 2026WASHINGTON, D.C. — Total nonfarm employment in the United States decreased by 23,000 jobs in July, according to the U.S. Bureau of Labor Statistics (BLS).LendingOfficeEldridge Capital Provides $278M Loan for Refinancing of Midtown Atlanta Office TowerAug 10, 2026ATLANTA — Eldridge Capital Management has provided a $278 million loan to refinance Ten Twenty Spring, a 540,000-square-foot office tower located in Midtown Atlanta.LendingBerkadia Arranges $19.1M in Acquisition Financing for Build-to-Rent Community in St. Cloud, FloridaAug 10, 2026ST. CLOUD, FLA. — Berkadia has arranged $19.1 million in acquisition financing for Ibis Park at Harmony West, a newly constructed, build-to-rent (BTR) residential community located at 7110 Sandhill Crane Way in St. Cloud, about 28 miles south of Orlando.DealHuff, Niehaus & Associates Brokers Sale of Quality Inn & Suites Hotel in Horse Cave, KentuckyAug 10, 2026HORSE CAVE, KY. — Huff, Niehaus & Associates has brokered the sale of Quality Inn & Suites, a 68-room hotel located at 425 Flint Ridge Road in Horse Cave. Huff, Niehaus & Associates represented the undisclosed buyer in the transaction.Fairfield Residential Completes 340-Unit Multifamily Project in Houston’s Montrose DistrictAug 10, 2026HOUSTON — Fairfield Residential has completed 1010 Waugh, a 340-unit multifamily project in Houston’s Montrose district. Designed by Dallas-based KTGY, the 14-story building offers studio, one- and two-bedroom units that range in size from 539 to 1,612 square feet.Representative imageLendingNewmark Arranges $52M Loan for Refinancing of Metro Houston Multifamily PropertyAug 10, 2026CYPRESS, TEXAS — Newmark has arranged a $52 million loan for the refinancing of Cantera at Towne Lake, a 366-unit multifamily property in the northwestern Houston metro of Cypress.Representative imageDealIndustrialZenith IOS Acquires 14.9-Acre Facility in Duncanville, TexasAug 10, 2026DUNCANVILLE, TEXAS — Zenith IOS (industrial outdoor storage) has acquired a 14.9-acre facility in Duncanville, a southern suburb of Dallas. The crane-served property at 1200 N. Main St.LendingWhat’s Driving CMBS Distress in the Top U.S. Metro AreasAug 10, 2026Across the 50 largest commercial mortgage-backed securities (CMBS) markets, $45.8 billion of $393.5 billion in outstanding balance is currently distressed, a balance-weighted rate of 11.6 percent, according to CRED iQ data.DevelopmentUSA Properties Fund, Irvine Co. Break Ground on 338-Unit Affordable Housing Community in Tustin, CaliforniaAug 10, 2026TUSTIN, CALIF. — USA Properties Fund, in partnership with Irvine Co., has broken ground on Terracina at Tustin Legacy, a 338-unit affordable housing community located southeast of Anaheim in Tustin.DevelopmentGarrett Cos. Completes 248-Unit Multifamily Project in Mesa, ArizonaAug 10, 2026MESA, ARIZ. — Garrett Cos. has completed construction of Emblem Mesa, a 248-unit multifamily project located at 1340 S. 48th St. in Mesa’s East Valley submarket.Representative imageDealCentersMarcus & Millichap Brokers Sale of 17,107 SF Retail Strip Center in Flower Mound, TexasAug 10, 2026FLOWER MOUND, TEXAS — Marcus & Millichap has brokered the sale of Long Prairie Plaza, a 17,107-square-foot retail strip center in Flower Mound, located in the northern-central part of the metroplex.DealMonarch Investment Sells 153-Unit Fox Hill Apartments in Golden, ColoradoAug 10, 2026GOLDEN, COLO. — Monarch Investment & Management Group has sold Fox Hill Apartments, a 153-unit garden-style multifamily community located west of Denver in Golden. Sierra Parkway Communities acquired the asset for $32 million.Representative imageDevelopmentIndustrialPartnership Breaks Ground on 959,579 SF Spec Industrial Facility in Columbus, OhioAug 10, 2026COLUMBUS, OHIO — Trident Capital Group and O’Connor Capital Partners have closed a joint venture with Clarion Partners for the third phase of Rickenbacker Industrial Center in Columbus. The 959,579-square-foot speculative industrial facility will be located at 1669 Rohr Road.DealJLL Arranges Sale of 336-Unit Multifamily Community in Burnsville, MinnesotaAug 10, 2026BURNSVILLE, MINN. — JLL Capital Markets has arranged the sale of Twelve 501 Apartments, a 336-unit multifamily community in the Twin Cities suburb of Burnsville.Representative imageDealIndustrialNewmark Negotiates 150,316 SF Industrial Lease for Dynamic Manufacturing in Metro ChicagoAug 10, 2026FOREST PARK, ILL. — Newmark has negotiated a long-term, full-building industrial lease totaling 150,316 square feet at 7801 Industrial Drive in Forest Park on behalf of Dynamic Manufacturing. Corey Chase of Newmark represented the tenant. First Industrial Realty Trust Inc.TenantsTexas Roadhouse to Open at Olive Crossing in Olivette, MissouriAug 10, 2026OLIVETTE, MO. — Texas Roadhouse will open at Olive Crossing in the St. Louis suburb of Olivette.