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Net lease news – page 113
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NBC Tower Owner Mulls Conversion: The Chicago Deal SheetMetropolis is considering converting NBC Tower's offices into apartments, with partner support and other commercial real estate deals in the Chicago area.
Tishman Speyer Makes Charlotte Debut With $76.3M Apartment BuyTishman Speyer's first Charlotte deal: a $76.3M multifamily buy in Dilworth.
Snapchat Parent Snags 200K SF Sublease At Penn 2: The N.Y. Deal SheetSnap leases 199K SF in Vornado's Penn 2 in this week's NYC deal roundup.
Arrow Real Estate Advisors Hires Jeff Weinberg as Managing DirectorArrow Real Estate Advisors is adding another experienced veteran to its staff of capital markets experts. The New York-based real estate advisory firm has hired Jeffrey Weinberg as a managing director, Commercial Observer can first report.
Keith Oden To Retire From Executive Position At Camden Property TrustKeith Oden will retire as a Camden Property Trust executive, marking a new era for the multifamily REIT.
Ken Griffin, Vornado Near Record $3.3B Loan For Park Avenue SupertallCitadel also agreed to lease 1M SF in the tower, up from its previously announced 850K SF footprint.
Representative imageAlexandria Shows Positive Signs After Several Depressed Quarters: EarningsAiling Alexandria Real Estate Equities is showing signs of improvement as leasing increased over the second quarter of 2026, a hopeful sign of progress after several quarters of declining fundamentals.
Munish Viralam of Newmark: 5 QuestionsMunish Viralam arrived at Newmark in June, fresh off an 18-year stint at CBRE.
Representative imagePrologis’ European Rival Segro Accepts $18.8B Takeover OfferPrologis, the world’s largest industrial landlord, is about to get even bigger.
Trump Reportedly Preparing Ban On Chinese Data Center ComponentsThe Trump administration is drafting a ban on Chinese data center devices over espionage and intellectual property theft concerns.
Representative imageBlue Owl’s Stack Infrastructure Buys Virginia Data Center Site for $66MBlue Owl Capital is pushing beyond Northern Virginia’s Data Center Alley after acquiring a 71-acre development site in Culpeper, Va., for $66.4 million. Blue Owl’s data center operator Stack Infrastructure purchased Culpeper Technology Park at 15140 Keyser Road from RACM.
Representative imageNew York City’s First El Pollo Loco Coming to Jackson Heights in QueensWhy did the chicken cross the continent? To get to new customers on the other side. Popular fast-casual grilled chicken restaurant El Pollo Loco has signed a lease to open its first-ever East Coast location in New York City, Commercial Observer has learned.
Representative imageWalmart Development Set for Palm Beach CountyWalmart has paid $11.7 million for development land by the western end of Palm Beach County, Fla., in the latest example of retailers taking greater control over their retail presence, property records show.
Talonvest Secures $47.6M Loan for 6-Property Texas Self-Storage PortfolioTalonvest Capital secured a $47.6 million permanent loan on behalf of The Jenkins Organization and Clark Investment Group for a six-property self-storage portfolio located across five high-growth Texas markets, including Austin, McKinney, Frisco, Houston (shown) and Bee Cave.
KDC, Pillar Adding 225K-SF Building to Allen Office ParkKDC and Pillar Commercial have formed a partnership to develop One Bethany North, a new planned Class A office project in the Watters Creek Office Park in Allen, Texas.
Scottsdale Schwab Offices Undergoing $11.7M RevampCharles Schwab Corp. is investing millions into an extensive renovation of a nearly 84,000-square-foot office space in north Scottsdale where the firm is planning a major Arizona expansion. The Dallas Business Journal reports the financing services company filed a permit for $11.
Suburban Office Leads U.S. Pricing Gains in JuneLed by suburban office properties, U.S. commercial property prices moved higher in June, with the RCA CPPI US National All Property Index rising 0.9% from a year earlier, MSCI Real Assets reported.
What’s Next for the U.S. Office Market?By Matthew Auchincloss The U.S. office sector may never be going back to pre-pandemic utilization levels, but enough time has elapsed and data compiled to make the case that the asset class is stabilizing.
Vornado Foresees $350-per-Foot Rents at Park Avenue Office Tower: EarningsVornado Realty Trust announced Tuesday morning that it could levy as much as $350 per square foot at one of its latest office developments, at a time when rents over $300 a square foot at trophy properties are becoming the norm.
JLL Negotiates Sale of 248-Unit Apartment Complex in El PasoEL PASO, TEXAS — JLL has negotiated the sale of Palomar West, a 248-unit apartment complex in El Paso. The property was built on a 10.6-acre site on the city’s west side in 1986 and offers one- and two-bedroom units with an average size of 701 square feet.