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Net lease news – page 139
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Mamdani Names Anthony Shorris CEO, Lina Khan Chair Of EDCMore than seven months after taking office, New York City Mayor Zohran Mamdani has finally announced the new leader of the city's Economic Development Corp., tapping a city government veteran who most recently worked as a private consultant.
Data Center Operator To Go Public Via SPAC Merger At $4B ValuationA Florida-based company that converts existing industrial facilities into data centers is joining the wave of digital infrastructure companies looking to tap the public equities market.
KREF Explores Sale After Posting $122M LossKKR Real Estate Finance Trust is exploring a potential sale, the company announced as part of its reporting of weak second-quarter results Wednesday.
Partnership Agrees to Acquire Providence Place Mall in Rhode Island for $133MPROVIDENCE, R.I. — A partnership between Syracuse-based Pyramid Management Group, Paolino Properties and DW Partners has agreed to acquire Providence Place Mall, a 1.4 million-square-foot lifestyle center, for $133 million.
Representative imageMarcus & Millichap Brokers $8.8M Sale of Retail Building in Edison, New JerseyEDISON, N.J. — Marcus & Millichap has brokered the $8.8 million sale of a 5,585-square-foot retail building in the Central New Jersey community of Edison. Convenience store operator Wawa occupies the single-tenant building at 1095 U.S.
Representative imageJLL Negotiates $8.5M Sale of Grocery Building in Beverly, MassachusettsBEVERLY, MASS. — JLL has negotiated the $8.5 million sale of a 60,666-square-foot grocery building in Beverly, a northeastern suburb of Boston, that is fully leased to regional operator Stop & Shop.
Representative imageCorbus Pharmaceuticals Signs 36,471 SF Office Lease Renewal in Norwood, MassachusettsNORWOOD, MASS. — Corbus Pharmaceuticals has signed a 36,471-square-foot office lease renewal in Norwood, a southern suburb of Boston. The space is located within the building at 500 River Ridge Drive, which according to LoopNet Inc.
Blackstone Lands $205M Refi for Brickell HotelJPMorgan Chase has lent Blackstone $205 million to refinance East Miami, the 352-room hotel. EAST Miami is a 352-key full-service hotel in Miami’s Brickell neighborhood. Blackstone purchased the property in 2025 for $300 million.
Publix-Anchored Jax Retail Center Changes HandsTSCG brokered the sale of The Plaza at Normandy, a newly developed, Publix-anchored shopping center in Jacksonville, Florida, for $20.6 million.
Representative imageThe True Costs of New York’s Rent Freeze Will Make Themselves KnownThe New York City Rent Guidelines Board (RGB) recently voted to freeze rents on both one- and two-year rent-stabilized lease renewals, fulfilling one of Mayor Zohran Mamdani’s signature campaign promises.
Representative imageJLL Secures $621M Refinancing of Maryland Industrial Portfolio for Merritt PropertiesBALTIMORE — JLL has secured a $621 million loan for the refinancing of a 58-property, 6.3 million-square-foot industrial portfolio in Maryland owned by Merritt Properties, a Baltimore-based industrial developer and operator.
Finmarc Sells Office Building, Land in Northern Virginia to Pulte Homes for $26.4MCHANTILLY, VA. — Finmarc Management Inc. has sold an 83,300-square-foot office/flex building and an adjacent 6.4-acre parcel within Park East Corporate Center in Chantilly, about 28 miles west of Washington, D.C.
TSCG Arranges $20.7M Sale of Publix-Anchored Shopping Center in JacksonvilleJACKSONVILLE, FLA. — TSCG has brokered the $20.7 million sale of The Plaza at Normandy, a Publix-anchored shopping center located at the intersection of Normandy Boulevard and Chaffee Road South in Jacksonville.
Representative imageKing Realty Advisors, Colliers Arrange Sale of 217-Acre Office Campus in St. LouisST. LOUIS — King Realty Advisors and Colliers have arranged the sale of the 217-acre office campus at 8000 W. Florissant Ave. in St. Louis. Bryan King of King Realty Advisors represented the buyer, Jim Onder. Joe Hill of Colliers represented the seller. According to the St.
Peak Construction to Build 305,480 SF Spec Industrial Building in Union, OhioUNION, OHIO — Scannell Properties has selected Peak Construction Corp. to build Interstate Aviation Hub in Union near Dayton.
Kiser Group Brokers $11.5M Sale of Chicago Apartment BuildingCHICAGO — Kiser Group has brokered the $11.5 million sale of a 78-unit apartment building located at 6748-50 N. Ashland Ave. in Chicago’s Rogers Park neighborhood. Originally constructed in 1927, the property features Art Deco architectural influences.
Representative imageMarcus & Millichap Negotiates Sale of 113-Room Fairfield Inn & Suites Hotel in OmahaOMAHA, NEB. — Marcus & Millichap has negotiated the sale of a 113-room Fairfield Inn & Suites hotel property in downtown Omaha. Adam Lewis is Marcus & Millichap’s Nebraska broker of record.
Representative imageNYC’s Conversion Break Producing Far More Units Than New-Construction SweetenerIt’s been well documented and much lamented just how few ground-up residential units are being developed and constructed in New York City due to the limitations of 485-x, a 2-year-old state tax incentive that appears to guide most developers to a 99-unit limit on new multifamily…
Phoenix Office Vacancy Continues Decline Despite Sluggish LeasingPhoenix's office market is showing signs of improving health.
The Crown Estate Unveils Nearly 170K SF Of West End RedevelopmentThe Crown Estate has unveiled the largest-ever phase of its West End development pipeline with two major projects at 10 Piccadilly and 21-29 Glasshouse Street that will create 169K SF of new office, retail and hospitality space. At 10 Piccadilly, The...