Net lease news – page 117

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Representative imageDealNewmark Arranges Recapitalization of 1,546-Unit Seniors Housing Portfolio in Dallas, HoustonAug 3, 2026DALLAS AND HOUSTON — Newmark has arranged the recapitalization of a portfolio of five seniors housing properties totaling 1,546 units that are located throughout the Dallas and Houston areas.DealIndustrialJLL Negotiates Sale of 767,520 SF Industrial Building in Brookshire, TexasAug 3, 2026BROOKSHIRE, TEXAS — JLL has negotiated the sale of Twinwood Distribution Center III, a 767,520-square-foot industrial building in the western Houston suburb of Brookshire.DevelopmentDC Partners Tops Out 210-Room Hotel in Fredericksburg, TexasAug 3, 2026FREDERICKSBURG, TEXAS — Houston-based developer DC Partners has topped out a 210-room hotel in the Central Texas city of Fredericksburg that will be operated under IHG Hotels & Resorts’ Kimpton brand.Representative imageDealCentersMarcus & Millichap Brokers Sale of 94,532 SF Shopping Center in Wichita Falls, TexasAug 3, 2026WICHITA FALLS, TEXAS — Marcus & Millichap has brokered the sale of Parker Square Shopping Center, a 94,532-square-foot retail center in Wichita Falls, about 115 miles northwest of Fort Worth.Daimler Truck Moving Assembly Plant in Oregon to CarolinasAug 3, 2026Daimler Truck is closing its assembly plant in Portland, Oregon and will move to plants in North Carolina and South Carolina. The move will result in the layoffs of 375 workers. It’s keeping its headquarters and testing facilities in Portland.Representative imageDealSavills Completes $1.1B Acquisition of Eastdil SecuredAug 3, 2026NEW YORK CITY — London-based real estate brokerage firm Savills has completed its $1.1 billion acquisition of global advisory firm and real estate investment bank firm Eastdil Secured.Representative imageDevelopmentThe Likes of Blackstone and Brookfield Are Using AI to Build Real Estate Tech In-HouseAug 3, 2026Even as some of the biggest commercial real estate companies shoulder the challenges and massive costs of developing proprietary artificial intelligence-powered tools, this shift marks not so much an inflection point for proptech as a sign that the commercial real estate…TenantsJoint Venture Begins Leasing 43-Story Apartment Tower in Downtown BrooklynAug 3, 2026NEW YORK CITY — A joint venture between locally based developer Lonicera Partners, New York-based investment firm Rabina and Boston-based owner-operator The Davis Cos. has begun leasing a 43-story apartment tower at 55 Willoughby St. in downtown Brooklyn.DevelopmentOfficePartnership Underway on Renovation of 22-Story Office Building in Midtown ManhattanAug 3, 2026NEW YORK CITY — A partnership between A.M. Property Holding Corp., Axonic Capital and Platinum Properties is underway on the renovation of 11 Bryant Park Plaza, a 22-story office building in Midtown Manhattan.Representative imageDealAriel Property Advisors Arranges $15.7M Sale of Multifamily Development Site in BrooklynAug 3, 2026NEW YORK CITY — Locally based brokerage firm Ariel Property Advisors has arranged the $15.7 million sale of a multifamily development site in the Gowanus area of Brooklyn. The site is an assemblage of the parcels at 418 4th Ave., 416 4th Ave., 246 7th St. and 244A 7th St.DevelopmentAtlanta Beltline Advancing 218-Unit Affordable Apartment ProjectAug 3, 2026Atlanta Beltline Inc. (ABI) is pursuing the construction of a mid-rise multifamily development at 350 Chappell Road.Representative imageDealCentersMinto Communities Sells Land in South Florida to Walmart for New SupercenterAug 3, 2026WESTLAKE, FLA. — Minto Communities USA has sold a 24-acre parcel at Town Center West in Westlake, a master-planned community in South Florida’s Palm Beach County.DealLinden Property Group Closes Largest Deal in Firm History With VA Multifamily AcquisitionAug 3, 2026Linden Property Group, a multifamily real estate investment firm headquartered in Arlington, has acquired Tysons Crossing, a 217-unit apartment community in Virginia, in partnership with Akridge, a Washington, D.C.-based commercial real estate investment and development firm.DevelopmentMarcus, Wood Partners to Develop 280-Unit Apartment Community in Apex, North CarolinaAug 3, 2026APEX, N.C. — Boston-based Marcus Partners has purchased a site off Jenks Road in Apex for the development of Alta Apex, a 280-unit apartment community.TenantsGateway Jax Signs Six Tenants at $1B Pearl Square Development in Downtown JacksonvilleAug 3, 2026JACKSONVILLE, FLA. — Gateway Jax has signed six new tenants to leases at Peal Square, a 2 million-square-foot mixed-use project in downtown Jacksonville.DealCentersMarcus & Millichap Brokers $3.3M Sale of Retail Center in Metro CharlotteAug 3, 2026INDIAN TRAIL, N.C. — Marcus & Millichap has brokered the $3.3 million sale of Village Shoppes, an unanchored retail strip center located at 323 Unionville Indian Trail Road in Indian Trail, about 16 miles southeast of Charlotte.TenantsVarcity to Open 239-Unit Retirement Community at Purdue University in West LafayetteAug 3, 2026WEST LAFAYETTE, IND. — Varcity has unveiled plans to open Varcity at Purdue, a 239-unit, university-based retirement community within Purdue University’s Discovery Park District.DevelopmentIrgens Breaks Ground on 204-Unit Viridia Apartments in Wauwatosa, WisconsinAug 3, 2026WAUWATOSA, WIS. — Irgens has broken ground on Viridia Apartments, the company’s first multifamily development, at 10600 W. Wisconsin Ave. in Wauwatosa.DealMarcus & Millichap Brokers $15M Sale of Multifamily Property in Schofield, WisconsinAug 3, 2026SCHOFIELD, WIS. — Marcus & Millichap has brokered the $15 million sale of Schofield Mill Apartments, an 84-unit multifamily property in Schofield within central Wisconsin. The property is situated on 1.5 acres along the Eau Claire River.TenantsOfficeSapien AI Signs 11K-SF Lease at Kaufman’s 48 West 25th StreetAug 3, 2026A bipedal artificial intelligence firm is evolving into a new Midtown South office, Commercial Observer has learned.