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Net lease news – page 155
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Scale Supplies $45M Construction Loan for Harlem CondosMass Development has landed $45 million of construction financing to build a condominium building in Harlem, Commercial Observer has learned.
Milhaus Merges with SRG Residential, Will Acquire Broadshore CapitalIndianapolis-based Milhaus has completed a merger with one Southern California-based multifamily company and has agreed to acquire another.
Department of Defense Inks 24K-SF Deal at Former Long Island HQ of 1-800-FlowersThe U.S. Department of Defense is opening a new regional office in the Long Island hamlet of Carle Place, N.Y. The department, which is seeking approval this year from Congress to rebrand as the Department of War, signed its new lease at 1 Old Country Road in Nassau County.
DHS Says 470K SF Warehouse It Planned To Sell Will Become Immigrant Jail After AllThe Department of Homeland Security has reversed course on its plan to sell a New Jersey warehouse and will go back to its original intention of converting it into a detention facility. A federal judge was notified July 10 of the agency’s decision...
Affinius Capital Provides $35M Refi for Grocery-Office Asset Near HoustonHoward Hughes Communities has secured a $35 million loan to refinance Village Green at Bridgeland Central, a nearly 200,000-square-foot mixed-use development that includes retail and office space in Cypress, Texas, Commercial Observer can first report.
Representative imageUnion Leaders Cite Inspection Process in Pfizer Conversion’s Near-CollapseThe jury may be out on the direct cause of the near-collapse of the former Pfizer headquarters in Midtown last week, but union officials say the city can prevent such disasters with better inspections.
Barolo Restaurant Group Inks Deal to Open Italian Eatery in Times SquareItalian restaurant operator Barolo Restaurant Group plans to open its third New York City restaurant, Barolo West, at 250 West 49th Street in Times Square. The company took 2,500 square feet of space at the newly developed 29-story property in Midtown.
Apartment Units Replacing Vintage Dallas Hotel RoomsThe Cabana Motor Hotel along Stemmons Freeway was once a go-to destination in Dallas. The Beatles and Monkees stayed there and Raquel Welch once worked the cocktail lounge.
Representative imageCoStar CFO To Step Down, Firm's European Head To Replace HimCoStar Group’s chief financial officer is departing at the end of the month. Christian Lown is leaving July 31 to pursue an opportunity outside of the industry, the Arlington-based real estate data firm announced Monday. Robin Rossmann, who leads CoStar’s...
$100M Luxury Apartment Complex Slated Near Highland ParkCover2 Capital is building a 20-story, $100 million apartment tower close to the border of Highland Park. Dubbed The Savannah, the development will include a rooftop pool and only 100 units.
Representative imageLos Angeles Matcha Brand Archives of Us Signs Retail Lease in East VillageA Los Angeles-based matcha cafe chain has signed a retail deal for its first New York City location in Manhattan’s East Village.
Ben Brown, Brookfield’s Real Estate Chief, On REITs, Housing, Office and HospitalityBen Brown is the first to admit it: “I drink my own Kool-Aid.” Brown is co-president and head of real estate in the Americas for Brookfield — and, if you were going to drink a company’s Kool-Aid, you couldn’t do much better.
320-Unit Gilbert Apartment Community Trades to CamdenCBRE arranged the sale of The Tyler, a 320-unit multifamily community in Gilbert, Arizona. CBRE’s Asher Gunter, Matt Pesch and Austin Groen represented the seller, StreetLights Residential. Camden Property Trust acquired the property.
Representative imageIce Cream Shop Scoop N Scootery to Open at 162 Bleecker StreetWe all scream for ice cream, and come this fall there will be another option for New Yorkers to grab themselves a sweet frozen treat. Or better yet, have it delivered to their door.
Younger Partners Sells 86K-SF Prosper Retail CenterYounger Partners Investments (YPI) sold Shops at Prosper Trail, an 86,698-square-foot retail center 35 miles north of downtown Dallas in Prosper, Texas, to Phillips Edison & Company. Built in 2016, Shops at Prosper Trail is 100% occupied.
Revealed: The Banks Powering Private Credit's CRE Lending BoomMichael Lavipour still remembers the bank office where executives laughed him out of the room. It was 13 years ago, and the head of lending for Affinius Capital was on the hunt for a credit facility to support the investment management firm’s real estate...
S3 Capital Provides $24M Construction Loan for Philly ApartmentsAmpere Capital Group has landed $24 million of construction financing to develop a mixed-use multifamily project in Philadelphia, Commercial Observer has learned.
Representative imageLITEON to Invest $919M in Metro Dallas Manufacturing Campus, Create 600 JobsMCKINNEY, TEXAS — LITEON Technology Corp., a provider of power management and AI (artificial intelligence) infrastructure solutions, will invest $919 million for a new manufacturing campus in McKinney, located north of Dallas, that is expected to add about 600 new jobs to the…
JLL Secures $332M to Refinance 76-Story Chicago Luxury MF TowerJLL has secured a $275 million refinancing and a $57 million mezzanine financing for NEMA Chicago, a luxury multifamily tower and the city’s tallest all-rental residence.
Haven Housing Acquires 309-Unit Apartment Community in Kyle, TexasKYLE, TEXAS — California-based investment firm Haven Housing has acquired Hays Park Apartments, a 309-unit apartment community located south of Austin in Kyle.