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Net lease news – page 123
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Partnership Completes Nexus Commerce Center Industrial Park in Tempe, ArizonaTEMPE, ARIZ. — Local developer Creation, in partnership with CrossHarbor Capital Partners and Amherst, has completed Nexus Commerce Center, a Class A industrial park located at the intersection of Elliot Road and Hardy Drive in Tempe.
Talonvest Capital Arranges $45M Refinancing for Self-Storage Facility in Goleta, CaliforniaGOLETA, CALIF. — Talonvest Capital has arranged a $45 million senior bridge loan to refinance a self-storage property owned by 1784 Holdings, a national self-storage owner and developer.
Marcus & Millichap Brokers $12.5M Sale of Affordable Seniors Housing Property in Southern CaliforniaLA MESA, CALIF. — Marcus & Millichap has brokered the $12.5 million sale of Guava Gardens, an affordable seniors housing property in La Mesa. Los Angeles-based Positive Investments was the buyer.
Terra, Turnberry Top Out 17-Story Grand Hyatt Miami Beach HotelMIAMI BEACH, FLA. — Terra and Turnberry, along with general contractor Balfour Beatty, have topped out Grand Hyatt Miami Beach, a 17-story, 800-room hotel underway in Miami Beach.
JLL Arranges $55.7M Loan for Portion of Midtown East Office Tower in TampaTAMPA, FLA. — JLL has arranged a $55.7 million loan for 143,354 square feet of office and retail space within Midtown East, an 18-story office tower in Tampa.
Garfield Investments, Broad Creek Capital Buy Office Building in D.C., Plan $10M RenovationWASHINGTON, D.C. — A partnership between Garfield Investments and Broad Creek Capital has purchased 1667 K Street NW, a nearly 200,000-square-foot office building overlooking Farragut Square in Washington, D.C.
Brand Urban Hires Team of Six From Alvarez & Marsal to Expand Retail ServicesRetail advisory firm Brand Urban is expanding its headcount with the addition of a team from another New York City brokerage, Commercial Observer has learned.
Representative imageData Center Giant Equinix Ups Its 2026 Forecast Behind Robust Q2Equinix significantly increased its forecasts and expectations for 2026 after posting another record-heavy quarter on the back of artificial intelligence demand and more data center construction.
Oyster Point's Second Phase Half-Leased As Kilroy Navigates Soft Lab DemandThe second phase of Kilroy Realty's sprawling Oyster Point life sciences campus in South San Francisco is climbing uphill in a bid to fill space as the lab leasing market languishes. Although the first phase of the 865K SF campus is 100% leased, the...
U.S. Apartment Rents Post Eighth Consecutive Month of GrowthU.S. apartment rents were essentially flat in July, with the national average rising +0.03% to $1,747 from June’s upwardly revised level of $1,746, CoStar Group’s Apartments.com reported Wednesday.
Dewberry's Midtown Eyesore Quietly Resolves $75M MortgageThe husk of John Dewberry’s Campanile Building in Midtown is now clear of debt.
More Hotel Owners In Need Of Cash Are Getting It From The Big BrandsHotel brands and third-party operators are leaning on a previously obscure tool known as key money to boost their capital stacks in a sluggish hospitality real estate market. Key money is an up-front, forgivable loan that a brand, like Hyatt Hotels Corp....
Costa Mesa Multifamily Changes Hands for Value-Add RepositioningMarcus & Millichap finalized the sale of 1990 Maple Ave., a 41-unit multifamily property in Costa Mesa. The property sold for $16.9 million or $412,195 per unit, approximately $550,000 above the property’s 2018 selling price.
NYC Issues Partial Stop-Work Order at SL Green’s 750 Third Avenue ConversionNew York City’s Department of Buildings (DOB) has halted construction work at the third office-to-conversion project in Manhattan this month.
New York Life Sees Leasing Momentum at 757 Third Ave. Amid Continued RenovationsJLL has completed 24,107 square feet of leasing activity at 757 Third Ave. The leasing activity comes as New York Life continues to enhance the Midtown East office property with planned cosmetic renovations to the lobby and the rollout of a new prebuilt office program.
BGO, Yukon Real Estate Partners Sell 291K-SF Kansas Cold Storage FacilityBGO and Yukon Real Estate Partners announced the sale of New Century Cold Storage, a newly built 291,000-square-foot, plant-attached, rail-served cold storage warehouse in New Century, Kansas, to a MetLife Investment Management client.
AI Platform Clay Leases 44K SF with Swig CompanyThe Swig Company has leased 44,000 square feet at The Mills Building to artificial intelligence platform Clay. The lease was announced two weeks after Swig refinanced the circa-1891 property at 220 Montgomery St. in San Francisco’s Financial District.
Oil Company Expands Again At Cash Register BuildingSM Energy is expanding its lease at the Wells Fargo Center by approximately 50K SF. The oil and gas company now occupies five floors and about 124K SF at 1700 Lincoln St., referred to locally as the “Cash Register Building,” according to CBRE. CBRE...
MMCC Arranges $10M Acquisition Loan for Williamsburg Mixed-UseMarcus & Millichap Capital Corporation (MMCC) arranged $9,790,000 in financing for the acquisition of a 13,575-square-foot mixed-use multifamily and retail property located at 235-237 Kent Ave. in Brooklyn’, New York’s Williamsburg neighborhood.
Former Mill Converted to School Sells to Out-of-State BuyerMarcus & Millichap arranged the sale of 470 Pine St., a multi-tenant building in downtown Manchester, NH. The asset sold for $3.9 million.