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Net lease news – page 131
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Representative imageEight Retail Tenants to Open at Phase II of Bluhawk in Overland Park, KansasOVERLAND PARK, KAN. — Phase II of Bluhawk is slated to include a lineup of eight retail tenants, including L.L.Bean, Spavia Day Spa, JETSET Pilates, Chicken Salad Chick, Brookside Barkery & Bath, Amorino, Everbowl and Bruú Café, with additional tenants to come.
Vacant 304-Unit Pembroke Pines Condo Community Trades for $20.5MThe 304-unit Heron Pond condominium community in Pembroke Pines was acquired by Integra for $20.5 million.
Good Office Design Is Good BusinessIn the summer of 2023, Greatland Realty Partners and Barings acquired an approximately 515,000-square-foot office campus at 275 Grove Street in Newton, Mass., for $117.5 million. The property had last traded just three years earlier for $235 million.
Self-Storage Sector Bounces Back As Investors Move Past Market 'Trough'Investment in the self-storage market has been making a comeback after years of high interest rates and fewer home sales put a damper on the sector.
Woodfield Development Breaks Ground on $100M Apartment Community in Cary, North CarolinaCARY, N.C. — Woodfield Development has broken ground on a 330-unit apartment community located across from the Tryon Village shopping center at 2818 Macedonia Road in Cary, a suburb of Raleigh.
Berkadia Arranges $85M Sale of Multifamily Community in Manassas, VirginiaMANASSAS, VA. — Berkadia has arranged the sale of Masons Keepe, a 270-unit multifamily community located in Manassas, roughly 31 miles southwest of Washington, D.C. The sales price was not disclosed, but CoStar Group tracked the sales price as $85 million.
FRP Acquires 24 Acres in Broward County, Plans 300,000 SF Logistics DevelopmentSOUTHWEST RANCHES, FLA. — FRP Development Corp. has acquired 24 acres in Southwest Ranches, a town in South Florida’s Broward County. FRP plans to develop Logistics Center at Southwest Ranches, a planned 300,000-square-foot industrial facility, at the site.
Berkadia Brokers Sale of 180-Unit Apartment Complex in Northwest HoustonHOUSTON — Berkadia has brokered the sale of Harper’s Mill, a 180-unit apartment complex in northwest Houston. Built in 1984, the property offers one- and two-bedroom units and amenities such as a pool, business center, picnic areas and a playground.
SRS Real Estate Brokers $7.9M Sale of Retail Strip Center in Wesley Chapel, FloridaWESLEY CHAPEL, FLA. — SRS Real Estate Partners has brokered the $7.9 million sale of Promenade, a three-tenant retail property located in Wesley Chapel, roughly 24 miles north of downtown Tampa.
Triten Real Estate to Develop 175,000 SF Industrial Project in San Marcos, TexasSAN MARCOS, TEXAS —Houston-based owner-operator Triten Real Estate Partners will develop a 175,000-square-foot industrial project at 2651 Leah Ave. in San Marcos, located roughly midway between Austin and San Antonio.
Representative imageLone Star PACE Provides $11.6M C-PACE Loan for Data Center Conversion Project in IrvingIRVING, TEXAS — Lone Star PACE has provided an $11.6 million C-PACE (Commercial Property Assessed Clean Energy) loan for a data center conversion project in Irving.
Representative imageMMG Real Estate Arranges Sale of 142-Unit Apartment Complex in Norman, OklahomaNORMAN, OKLA. — Regional brokerage firm MMG Real Estate Advisors has arranged the sale of Sterling Park, a 142-unit apartment complex in Norman, home of the University of Oklahoma.
GO Industrial, Willmeng Construction Break Ground on 1.1 MSF Spec Industrial Building in Tolleson, ArizonaTOLLESON, ARIZ. — Developer GO Industrial and general contractor Willmeng Construction have broken ground on GO|99 North, a 1.1 million-square-foot speculative industrial building in Tolleson. GO|99 North will feature a Class A warehouse and distribution facility.
Representative imageLivmark Communities Breaks Ground on 457-Unit Multifamily Project in Fort Collins, ColoradoFORT COLLINS, COLO. — Livmark Communities has broken ground on The Collins Apartments at Union Park, a 457-unit multifamily project in Fort Collins. Once complete, The Collins will feature 233 one-bedroom units, 160 two-bedroom apartments and 64 three-bedroom residences.
Representative imageMarcus & Millichap Brokers Sale of 364-Unit StorQuest Self Storage Facility in Mesa, ArizonaMESA, ARIZ. — Marcus & Millichap has arranged the sale of a 364-unit StorQuest Self Storage facility in Mesa. Terms of the transaction were not released.
Allow Fortress To Reintroduce Itself: The Distress Specialist Is Expanding Its GameFortress Investment Group made its name investing when markets fell apart. Now, with the commercial real estate cycle turning, the investment giant is building a business that no longer depends on the next crisis. “We've come out of the shadows as this...
Gowanus Golf Club Secures 6K SF to Open Private Club in Brooklyn’s DumboA new golf club is being teed up for Brooklyn’s Dumbo neighborhood. Gowanus Golf Club, a Brooklyn-based private indoor golf club chain, has leased approximately 6,000 square feet along the Dumbo waterfront at 215 Water Street, Commercial Observer has learned.
Ireland's Living Sector Sales On Course To Hit €1B This YearIreland's living sector is on course for its strongest year since the market slowdown, with €1B in investment volumes in reach by the end of 2026, according to agent Knight Frank. Knight Frank's July Ireland Living Sectors Market report has forecast...
Governors Island Issues RFEI for Revitalization of Former YMCA, TheaterThe Trust for Governors Island has released a Request for Expressions of Interest (RFEI) for the revitalization of two historic buildings on the Island, Building 324 and Building 330.
1031 Exchange Solutions Provider Joins Marcus & Millichap’s Preferred Partner ProgramMarcus & Millichap announced that Deferred, the first and only technology-powered qualified intermediary transforming 1031 exchanges for everyday real estate investors, has joined Marcus & Millichap’s Preferred Partner Program as a provider of 1031 exchange solutions.