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Net lease news – page 154
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Charlotte’s Spectrum Companies Acquired by Lincoln Property CompanyDallas-based Lincoln Property Company (“Lincoln”), a global full-service real estate firm, acquired The Spectrum Companies (“Spectrum”), a Charlotte-based, full-service real estate firm.
Representative imageRH Outlet Opens 50,700 SF Store at Ikea Drive Plaza in Paramus, New JerseyPARAMUS, N.J. — RH Outlet has opened a 50,700-square-foot store in the Northern New Jersey community of Paramus. The luxury home furnishings retailer has relocated its Paramus store from an unspecified, nearby space to a freestanding building within Ikea Drive Plaza.
Greystar Reveals Plans For 20,000-Home Garden-Style BTR PushGreystar has unveiled its first UK garden-style rental housing development, with the company targeting delivery of up to 20,000 such rental homes over the next four years. The new strategy has launched with the acquisition of a development site at Waterbeach,...
Developer Wolfe Landau Buys FiDi Redevelopment Site for $35MAn entity tied to Brooklyn-based developer Wolfe Landau has snapped up two adjacent Financial District lots poised for redevelopment.
Brookfield in Talks for Stake in Hudson Square PropertiesBrookfield is in exclusive talks to acquire a stake in Hudson Square Properties in a deal that would value the complex at $3.5 billion, the Wall Street Journal reported.
London Nightclub Operator Buys 675 Hudson Street for $100MAfter unveiling plans for a rooftop nightclub at the 14th Street Triangle, London-based club venue operator Caprice Holdings has bought the property for $100 million, according to property records made public Tuesday.
Garden-Style Apartments Go for $78M in North County San DiegoCBRE facilitated the $77.5-million sale of Sunterra, a 240-unit multifamily community located at 3851 Sherbourne Dr. in Oceanside. The firm’s Rachel Parsons, Derrek Ostrzyzek, Mike Murphy and Kenji Thomas advised the seller, 29th Street Capital.
PGIM Hires David Blum as Managing Director of Commercial Real Estate CreditOne of the biggest players in asset management has a new executive overseeing its real estate credit operations.
$45M Loan Finances Construction of Harlem Condo High-RiseSCALE Lending, the debt financing arm of Slate Property Group, has issued a $45-million senior-secured construction loan for a new multifamily project located at 264-272 W. 135th St. in Harlem.
Lincoln Property Buys Charlotte Developer In Bid To Boost DealsLincoln Property Co. has purchased Charlotte-based developer The Spectrum Cos. in a deal that Lincoln says will help it grow its footprint across the Carolinas.
Big-Box Leasing Returns To Atlanta's Industrial MarketCompanies seeking massive warehouse space have come back to Atlanta’s industrial market after smaller tenants last year dominated the sector.
Related Beal Plans Complete Upgrade, Renovation of Salem Affordable HousingRelated Beal, Related Affordable, The Commonwealth of Massachusetts and MassHousing announced a complete upgrade and renovation of the Loring Towers affordable housing community built in Salem in 1974.
Slatt Capital Arranges Life Company Loan for Rohnert Park OfficesSlatt Capital arranged a $12,000,000 non-recourse acquisition loan for a 68,094-square-foot multi-tenant office building located at 5900 State Farm Dr. in Rohnert Park.
Northern Builders, Affinius Capital Ink 1.2M-SF Facility LeaseNorthern Builders, in partnership with Affinius Capital, announced a long-term lease agreement for a 1,200,000-square-foot industrial facility at Cherry Hill Business Park in Joliet, Illinois.
Workbar Expands with Return to Somerville’s Union SquareCoworking operator Workbar will open a 10,000-square-foot new location in Somerville’s Union Square, within the new USQ mixed-use development adjacent to the Union Square MBTA station.
Representative imageStockbridge Sells Fully Leased NoVA Industrial Park for $132MTA Realty has expanded its industrial footprint with the $132 million acquisition of a fully leased, 734,606-square-foot warehouse portfolio in Northern Virginia.
Finmarc Sells Land, Building to Pulte Homes for $26MFinmarc Management, Inc. has completed the $26.36 million sale of an 83,300 square foot flex and office building, as well as an adjacent 6.4-acre parcel located within the Park East Corporate Center in Chantilly, Virginia, to Pulte Homes.
Nonprofit Graham Windham to Relocate to 10K SF at the Interchurch CenterNonprofit Graham Windham is relocating its headquarters to Riverside Drive. The century-old nonprofit for children and families signed a five-year lease with the Interchurch Center at 475 Riverside Drive in Upper Manhattan’s Morningside Heights neighborhood.
Columbia Property Trust Modifies $1.8B Loan After Multiple DefaultsAfter two defaults, New York-based Columbia Property Trust has struck a deal with its lenders to restructure approximately $1.8B of debt backing a seven-building portfolio. The June agreement will modify the debt, which is secured by buildings in San...
Kidder Mathews Arranges Sale of Capitol Hill Mixed-Use Apartment BuildingCasa del Rey, a 30-unit mixed-use apartment building, located at 321 Broadway E. in Seattle’s Capitol Hill neighborhood, has sold for $4.57 million.