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Net lease news – page 116
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Representative imageCIP Real Estate Buys Broward Campus for $99MCIP Real Estate has paid $99 million for an industrial and office park in Broward County, Fla., property records show.
Blackstone Data Center Arm Takes HQ Lease At Reston StationQTS inked a deal for 77K SF at 1800 Reston Row Plaza, taking the top three floors of Comstock's new trophy office building.
Cousins Properties Sells Austin's One Eleven Congress For $208MCanyon Creek secures a prime location in Austin with 30-story One Eleven Congress.
L3 Capital Snags Mag Mile Retail At A DiscountL3 Capital acquires 51K SF retail space at Palmolive Building on Mag Mile for $64.5M, a 28% discount.
LMXD, BedRock Secure $250M Loan for 560-Unit Astoria Housing ProjectLMXD and BedRock Real Estate Partners have closed on a $250 million loan to facilitate the purchase and construction of a housing development in Astoria, Queens, Commercial Observer has learned.
Representative imageSnapchat Parent Company Subleases 199K SF From Verizon at Penn 2Snap, the technology firm behind Snapchat, is taking over Verizon’s three-floor office lease in Manhattan’s Penn District.
Fashion House Veronica Beard Expands HQ to 60K SF at 26 West 17th StreetApparel retail brand Veronica Beard has expanded its office headquarters to approximately 60,000 square feet at the Winter Organization’s 26 West 17th Street in Midtown South, according to landlord broker CBRE.
Morgan Stanley Affiliate Pays $59M for Chandler Honeywell Aerospace PlantA Morgan Stanley affiliate paid $59 million for a nearly 200,000-square-foot building in Chandler where Honeywell Aerospace has been a tenant since 2020. The industrial park, Amplify Chandler, was sold by Phoenix Rising Investments.
SimonCRE Acquires WA Retail Plaza for $12M, Plans RedevelopmentScottsdale, Arizona-based investor SimonCRE has acquired Island Plaza, a 92,112-square-foot shopping center located in Oak Harbor on Whidbey Island, with plans for redevelopment.
Apartment Property in Seattle’s First Hill Neighborhood TradesMonticello, a 107-unit apartment community located at 415 Boren Ave in Seattle’s First Hill neighborhood, has been acquired by Nordic Partners Investments. Built in 1957, Monticello spans 42,342 net rentable square feet across 107 units in the heart of Seattle’s urban core.
NCREIF Reports Improving Q2 Returns for Key Quarterly IndicesThe National Council of Real Estate Investment Fiduciaries (NCREIF) reported improving returns for both of its key quarterly indices for the second quarter of 2026.
CBRE Arranges $85M Financing for 318-Unit Multifamily in PACBRE has arranged an $85 million loan for Mi-Place at Downingtown, a newly developed 318-unit multifamily community located at 800 Horseshoe Pike in Downingtown, Pennsylvania.
PCCP, Integrity Community Builders Form Build-to-Rent JVIntegrity Community Builders (ICB) and PCCP have formed a programmatic joint venture to develop build-to-rent (BTR) communities across the U.S., Commercial Observer can first report.
895-Unit Texas Apartment Portfolio Trades HandsStrategic Value Partners acquired a 895-unit multifamily portfolio from Resia. The portfolio comprises the 573-unit Resia Ten Oaks community in Houston and the 322-unit Resia Rayzor Ranch community in Denton, Texas.
CMBS Loan Backed by Pittsburgh’s Gateway Center Liquidates at $65M LossAn iconic office complex in the City of Bridges has hit a dead end.
Muji, Daniel Eddy’s Winner Sign Retail Leases at Brooklyn’s Alloy BlockTwo new retail tenants have taken almost 13,000 square feet at a new development in Downtown Brooklyn.
Visual Effects Studio Phosphene Takes 7K SF at 90 Broad StreetEmmy nominated visual effects studio Phosphene has inked a 7,383-square-foot lease at Princeton International’s 90 Broad Street in Manhattan’s Financial District, according to tenant broker Avison Young.
Representative imageMidtown South Led Manhattan Office Leasing’s Stellar July PerformanceSo you think Manhattan office leasing has a summer slump? Fuhgeddaboudit! Manhattan office leasing velocity in July increased by 22 percent over June’s volume, helped along by healthy square-footage appetites and ample activity in Midtown South.
Walmart Buys Westlake Site for 188K-SF StoreA Westlake homebuilder sold a 24-acre site to Walmart for $11.68 million. The company plans to build an 188,779-square-foot superstore that will include a pharmacy, garden center, automotive center and gas station. Minto was the seller.
Mediation Firm JAMS to Relocate to 55K SF at Rudin’s 3 Times SquareMediation firm JAMS — the name is an abbreviation of judicial arbitration and mediation services — is relocating its New York Resolution Center to the top two floors of Rudin’s 3 Times Square.