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Net lease news – page 137
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Battery Storage Is Real Estate's Supercharged New Asset ClassAs anxiety builds over whether there will be enough electricity available to power the data center construction boom, investors have started to pour billions into properties where they can hoard energy.Brookfield reached a $7B deal last week to acquire...
Walker Webcast: Willy Walker Cuts Through the Market NoiseIn the post-pandemic years of 2023 and 2024, many in commercial real estate believed that although the economy wasn’t great and there wasn’t much money to be made, “survive until ’25” was a mantra to live by.
AI Firm Mercor Brings One World Trade to 97% LeasedThe Durst Organization and The Port Authority of New York and New Jersey announced that Mercor has signed a lease at One World Trade Center for 25,550 square feet on the 77th floor. The term length was not disclosed.
Historic Cinerama Dome, Adjacent 14-Screen Complex Set for 2028 ReopeningShuttered since the pandemic, the historic Cinerama Dome in Hollywood and surrounding 14-screen movie theater are set to reopen under the management of Alamo Drafthouse Cinema, a unit of Sony Pictures Entertainment.
Roselle Park Apartments Trade After Brokers Resolve Permit IssueRoselle Grande, a 119-unit garden-style apartment community located at 220-250 W. Sumner Ave. in Roselle Park, NJ, has changed hands for an undisclosed price, in a transaction arranged by SAGE Real Estate Advisors.
Jon Pezzoni Joins Hunneman’s Leasing & Advisory Team as SVPHunneman said Wednesday that Jon Pezzoni has joined the firm’s Leasing & Advisory team as an SVP and Principal. He brings more than a decade of experience across Greater Boston’s office, R&D and industrial markets. Pezzoni was most recently an SVP at Avison Young.
Williams Tower Acquired For $300M In Largest Single-Property Office Sale Since 2019Williams Tower, the iconic office tower next to The Galleria, has sold to its namesake tenant for more than $300M. This is the largest single-property office sale in Houston since 2019, according to Green Street News.
Startup Building AI Agents For Landlords Raises $12MA proptech company focused on deploying AI agents to meet landlords' leasing and operational needs has closed its second funding round.
Marcus & Millichap Closes NorCal Seniors Housing SaleMarcus & Millichap closed the sale of Redwood Meadows, a 101-unit senior multifamily property located at 1475 Baechtel Rd. in Willits. The property sold for $10.8 million, or $106,931 per unit.
Representative imageMeal Delivery Service CookUnity to Open Flagship Storefront at NoMad HotelCookUnity, a subscription-based meal delivery platform, has inked 4,721 square feet of ground-floor retail space at Lam Group’s 1227 Broadway, also known as Virgin Hotel New York City, in Manhattan’s NoMad neighborhood, Commercial Observer has learned.
Meet the Multifamily Power Players Defining the Future of Real EstateConnect CRE’s fourth annual Leadership Series brings you an unfiltered perspective from the heavyweights driving investment, development, finance and operations.
Stotan Industrial Acquires 15 Acres to Develop 221K-SF Industrial FacilityStotan Industrial has acquired approximately 15 acres at 11231 Katherines Crossing in Woodridge, Illinois, for the development of Stotan Crossings Woodridge, a 221,400-square-foot industrial facility.
Resorts World NYC Launches Phase Two of $5.5B ProjectResorts World New York City broke ground on Phase Two of its $5.5-billion resort less than three months after the property’s grand opening and a day after unveiling 1,400 new slot machines.
Ferguson Enterprises Leases Entire 31K-SF Building in Morton GroveThe Missner Group announced that Ferguson Enterprises has signed a lease for the entirety of 8130 River Drive, a 31,429-square-foot industrial building in the Chicago suburb of Morton Grove, Illinois.
Representative imageIt’s Finally Showtime Again at Hollywood’s Cinerama DomeGet your popcorn ready, Los Angeles. One of Hollywood’s most beloved movie theaters is finally coming back.
REPORT: Google Quadruples Miami Office After Founders' Mansion BuysNot long after billionaires Sergey Brin and Larry Page dropped a combined hundreds of millions of dollars on Miami real estate, the company they founded is growing its Magic City office presence.
Proposed EB-5 Rule Clamping Down On Bridge Financing Rattles SectorFor the first time in four years, the EB‑5 industry has an up-to-date draft rulebook. The recently released policy document provides long-awaited guardrails but has also touched off a wave of anxiety, as it proposes a rule change that could threaten...
Bascom Buys 183-Unit Orange County, Calif., Complex for $53MThe Bascom Group has acquired a 183-unit apartment complex in Orange County, Calif., as the company expands its multifamily holdings this year in the Western U.S. The Irvine, Calif.-based investment firm put down $53.1 million for Castlewood Park Apartments in Buena Park.
Representative imageJP Morgan Recaps Industrial Portfolio With $209M LoanA joint venture between Centerbridge Partners and Henderson Group has landed a $208.5 million debt package to recapitalize 40 industrial assets in Pennsylvania and South Florida, Commercial Observer has learned. J.P.
Bank OZK Continues To Cut Real Estate PortfolioOne of the largest construction lenders in the U.S. is still shrinking its real estate portfolio, according to second-quarter earnings results. Bank OZK's real estate exposure fell to 47% of its overall loan book in the second quarter, down from 52%...