Net lease news – page 161

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LendingTwain Capital Supplies $65M C-PACE Loan for Colorado Hotel ProjectJul 10, 2026Developer Nathaniel Kelly Foote has secured $65 million of Commercial Property Assessed Clean Energy (C-PACE) debt to complete a mixed-use project with a Marriott-branded hotel in the heart of Colorado’s Rocky Mountains, Commercial Observer has learned.Representative imageTenantsOfficeAI Tenants’ Office Demand Surges 85% Year-Over-YearJul 10, 2026Artificial intelligence companies’ demand for office space has increased 85% year-over-year, VTS reported.IndustrialLovett Advancing 800K-SF of Houston Warehouse DevelopmentJul 10, 2026Lovett Industrial spending $40 million on two Houston industrial buildings along the Easter Freeway. One of the building will be 645,000 square feet, the other 145,000 square feet. The building will be at 16517 and 16455 Eastex Freeway.Airplane Service Company Investing $120M on FW PlantJul 10, 2026MTU Aero Engines AG recently opened its refurbished 462,000-square-foot building at 2100 Eagle Parkway in AllianceTexas, Hillwood’s 27,000-acre master-planned development in north Fort Worth. There are currently 200 employees. The company expects to hire another 1,200.IndustrialPharma JV Spending $500M on Austin Plant ExpansionJul 10, 2026The planned expansion of a Northwest Austin pharmaceutical manufacturing plant by a multi-national joint venture will nearly double the complex’s size and cost a whopping $500 million.Raven Capital Completes 33-Story Multifamily High-Rise in Houston’s Museum DistrictJul 10, 2026HOUSTON — Developer Raven Capital has completed FORME, a 33-story multifamily high-rise located at 5501 La Branch St. in Houston’s Museum District. Designed by LJC Design & Engineering and operated by Sentral, FORME features 475 units, including 55 boutique hotel suites.Representative imageDealCentersJLL Negotiates Sale of 353,000 SF Retail Power Center in San AntonioJul 10, 2026SAN ANTONIO — JLL has negotiated the sale of The Legacy Shopping Center, a 353,000-square-foot retail power center located in San Antonio’s Far North Central submarket.DevelopmentTurnbridge Eyeing Raleigh for Another Residential TowerJul 10, 2026Turnbridge Equities is pursuing permission from the City of Raleigh to build a 20-story tower and single-story retail building near Nash Square. The development will have 220 residential units, 20,984 square feet of retail space and a parking deck.Representative imageDealVersal Arranges Sale of 279-Unit U-Haul Storage Facility in Corpus ChristiJul 10, 2026CORPUS CHRISTI, TEXAS — Self-storage brokerage firm Versal has arranged the sale of Action Storage U-Haul, a 279-unit facility in Corpus Christi. The property spans 51,164 net rentable square feet.Representative imageTenantsIndustrialNWA Recycling Signs 17,896 SF Industrial Lease in Southeast Fort WorthJul 10, 2026FORT WORTH, TEXAS — NWA Recycling has signed a 17,896-square-foot industrial lease in southeast Fort Worth. The space is located along Fairlane Avenue, although the address was not disclosed.LendingPartnership Receives $217M in Construction Financing for Brooklyn Affordable Housing ProjectJul 10, 2026NEW YORK CITY — A partnership between Apex Building Group and L+M Development Partners has received $217 million in construction financing for a new affordable housing project in Brooklyn.LendingJLL Arranges $111M Construction Loan for Multifamily Development in Miami’s Edgewater DistrictJul 10, 2026MIAMI — JLL Capital Markets has arranged a $111 million construction loan for the development of Sense22, a 328-unit multifamily project located in Miami’s Edgewater neighborhood.LendingBerkadia Secures $85.4M Refinancing of Two Metro Orlando Multifamily CommunitiesJul 10, 2026ORLANDO AND DAVENPORT, FLA. — Berkadia has secured a combined $85.4 million for the refinancing of two Orlando-area multifamily communities.DealFour Mile, Midloch Acquire Apartment Community in Louisville for $38.3MJul 10, 2026LOUISVILLE, KY. — A joint venture between Four Mile Capital and Midloch Investment Partners has acquired Frontgate Apartments, a 212-unit complex located in Louisville, for $38.3 million.DealQSRMadison Commercial Completes Sale of Chick-fil-A Site Near Oglethorpe Mall in SavannahJul 10, 2026SAVANNAH, GA. — Madison Commercial, an affiliate of Madison Capital Group, has completed the sale of a Chick-fil-A outparcel at its mixed-use redevelopment of the former Sears and Sears Auto Center site at Oglethorpe Mall in Savannah.Representative imageDealCentersRoadside Development Acquires 168,000 SF Shopping Center Near PittsburghJul 10, 2026MOUNT LEBANON, PA. — Washington D.C.-based Roadside Development has acquired the Galleria at Mount Lebanon, a 168,000-square-foot shopping center located just outside of Pittsburgh.DevelopmentBlake, Related Win Bid to Build Massive St. Pete Mixed-Use ProjectJul 10, 2026Blake Investment Partners and Related Group have agreed to pay the city of St. Petersburg $275 milion for the rights to build an expansive mixed-use project on city-owned land. The two were the winning bidders for the 58 acres in the Historic Gas Plant District.DealOfficePGIM Sells Coral Gables Office Campus for Nearly $100MJul 10, 2026PGIM has had a hold on The Ponce, a two-building office complex in Coral Gables for nearly 20 years. The property recently sold for $97.8 million. Intalex Capital, Itero Investments and Greenwall Capital were the buyers of the 348,473-square-foot property.DevelopmentDevelopers Chosen For $1B Housing Project Tied To USS IntrepidJul 10, 2026One of the largest undeveloped sites in Manhattan overlooking the Hudson River is set to become a massive housing project. Gov. Kathy Hochul selected a team of The Gotham Organization, Fisher Brothers and Mural Real Estate to build 1,127 housing units...Representative imageTenantsOfficeRalph Lauren Signs 22,000 SF Office Lease Expansion in Manhattan’s Gramercy DistrictJul 10, 2026NEW YORK CITY — Ralph Lauren has signed a 22,000-square-foot office lease expansion in Manhattan’s Gramercy district. The lease term is 13 years, and the fashion designer now occupies 280,000 square feet across portions of four different floors within the building at 601 W.