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Net lease news – page 114
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Walker & Dunlop Arranges $137.5M Loan for Refinancing of Brooklyn Apartment BuildingNEW YORK CITY — Walker & Dunlop has arranged a $137.5 million loan for 12 Halsey, 240-unit apartment building in Brooklyn’s Bedford-Stuyvesant neighborhood.
Representative imageWhole Foods to Open New Store at Shivers Farm in Southlake, TexasSOUTHLAKE, TEXAS — Whole Foods Market will open a new store at Shivers Farm, a 40-acre mixed-use development in Southlake, located north of Fort Worth. The square footage was not disclosed.
Keystone Completes Office-to-Residential Conversion Project in PhiladelphiaPHILADELPHIA — Local developer Keystone has completed an office-to-residential conversion project in Philadelphia’s Independence Mall district.
Representative imageThe Decisions That Changed EverythingPeople often ask me what the secret was to building a business that sold more than three times the number of investment properties than any other firm in New York City for 14 consecutive years.
Representative imageUrban Standard Capital Grows $200M Credit Facility With Western Alliance BankUrban Standard Capital has deepened its relationship with a major Arizona bank.
Hines Reveals Plans for SouthPark Mixed-Use VentureHines has plans for a mixed-use development called The Gallery, which will include a 250,000-square-foot office tower; a 19-story, 302-unit multifamily tower; and 50,000 square feet of retail use.
Representative imageBerkadia Brokers $8.7M Sale of Northern New Jersey Apartment BuildingELIZABETH, N.J. — Berkadia has brokered the $8.7 million sale of Aberdeen Arms Apartments, a 52-unit building located in the Northern New Jersey community of Elizabeth.
Representative imageAutodesk Signs 72,000 SF Office Lease Renewal in Boston’s Seaport DistrictBOSTON — Autodesk has signed a 72,000-square-foot office lease renewal in Boston’s Seaport District.
Representative imageRichman Group Obtains Three Loans for Luxury Apartment Communities in Florida Totaling $225MGREENWICH, CONN. — The Richman Group, a multifamily owner and operator based in Greenwich, has obtained loans for the refinancing of three luxury apartment communities in Florida totaling approximately $225 million.
Home Depot to Open First Store in Southern MarylandCALIFORNIA, MD. — The Home Depot has purchased 13.5 acres within Lexington Exchange, a 140-acre mixed-use park situated along Three Notch Road (Md. Route 235) in California.
Representative imageRegions Originates $64.3M Agency Refinancing for Apartment Community in Monroe, North CarolinaMONROE, N.C. — Regions Real Estate Capital Markets has originated a $64.3 million Freddie Mac loan for the refinancing of Elevate Rocky River, a 360-unit apartment community in Monroe, about 28 miles southeast of Charlotte.
Landmark, Peninsula Deliver 826-Bed Student Housing Project Near University of South CarolinaCOLUMBIA, S.C. — Landmark Properties and Peninsula Investments have delivered Narrative at Columbia, an 826-bed student housing community located about one mile from the University of South Carolina (USC) campus.
JV Building 382 Apartment Units in Charlotte’s Innovation DistrictGMH Communities (GMH), in partnership with AEW Capital Management (AEW), completed land acquisition for the development of a 20-story, 382-unit luxury residential mixed-use tower, ANOVA The Pearl, located within The Pearl innovation district in Charlotte, North Carolina.
Richman Group Secures Refis on Three Florida Rental AssetsThe Richman Group closed on $225 million in permanent financing across three fully stabilized Florida luxury multifamily communities–each in excess of their original construction loans.
JLL Secures $213M Refinancing for Chicago Office TowerCHICAGO — JLL Capital Markets has secured a $213 million refinancing for 360 North Green, a 500,000-square-foot office tower in Chicago’s Fulton Market.
Northmarq Arranges $52.1M in Financing for Maple Knoll Apartments in Westfield, IndianaWESTFIELD, IND. — Northmarq has arranged debt and equity capital totaling $52.1 million for Maple Knoll Apartments, a 300-unit, garden-style community in Westfield.
Representative imageNewmark Brokers Sale of 51,795 SF Retail Condo Along Chicago’s Magnificent MileCHICAGO — Newmark has brokered the sale of a 51,795-square-foot retail condominium at 919 N. Michigan Ave. along Chicago’s Magnificent Mile. Louis Vuitton is the anchor tenant and has occupied space at the property for more than 20 years.
Friedman Properties Completes Riverwalk Replacement at Reid Murdoch Building in ChicagoCHICAGO — Friedman Properties has completed reconstruction of the riverwalk at the Reid Murdoch Building in Chicago’s River North neighborhood.
Property Managers Pulling Ahead Aren’t Working Harder. They’re Managing Differently.There is little doubt at this point that widespread adoption of AI, when used wisely, can lead a company to greater growth and profitability.
$356M Verdict Prompts JBG Smith To Postpone Earnings ReleaseJBG Smith delays its earnings release as a court orders a $356M payment in a Wardman Tower lawsuit.