Net lease news – page 165

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TenantsLighting Designer Stickbulb Moves to 27K SF at Brooklyn’s MADE Bush TerminalJul 9, 2026The New York City Economic Development Corporation (NYCEDC) is all aglow about its newest tenant coming to Brooklyn’s MADE Bush Terminal.Representative imageDevelopmentNMHC Survey: Builders, Developers Optimistic About Long-Term Multifamily Construction ActivityJul 9, 2026WASHINGTON, D.C. — Multifamily developers and construction firms surveyed by the NMHC are optimistic about long-term multifamily construction conditions.LendingFed's Hawkish Minutes Keep Pressure On CRE FinancingJul 9, 2026The Federal Reserve is growing increasingly worried about inflation.Knight Frank Ireland Expands Under Sherry FitzGerald's OwnershipJul 9, 2026As the dust settles on one of the biggest Irish agency deals in years, Knight Frank Ireland is looking at expansion. Real estate adviser Knight Frank officially became part of Irish residential giant Sherry FitzGerald in mid-February after the Competition...DealPrado Group, Presidio Bay Exit Deal For San Francisco Centre MallJul 8, 2026San Francisco developers Prado Group and Presidio Bay Ventures are walking away from a pending deal to purchase the shuttered San Francisco Centre Mall, sending the 1.5M SF Market Street property back to the sales market. “After extensive diligence...Partnership Unveils Plans for Redevelopment of Former Brooklyn Macy’s BuildingJul 8, 2026United American Land, together with partners The Jackson Group and Dreamscape Retail & Entertainment, has unveiled plans for BKX, a redevelopment of the former Macy’s building at 422 Fulton St. into one of New York City’s largest and most ambitious retail developments.LendingKolter and Rockpoint Land $108M Loan for Palm Beach Gardens RentalJul 8, 2026Developer Kolter Group and private equity firm Rockpoint have secured $107.8 million to build a garden-style multifamily project in Palm Beach Gardens, Fla., property records show.Representative imageDealFeds Pay $1.5B for Two Immigration Detention Centers in CaliforniaJul 8, 2026The federal government has spent nearly $1.5 billion to acquire two California detention centers from prison operator CoreCivic, marking one of the largest real estate deals tied to the Trump administration’s expansion of immigration enforcement. The U.S.More States Implement Special Power Rates For Data CentersJul 8, 2026As the data center building boom fuels record electricity demand, state leaders are aiming to prevent the industry’s skyrocketing power consumption from creating higher power bills for households and businesses. In recent weeks, a series of states...LendingOfficeMMCC Arranges Financing for Northridge OfficesJul 8, 2026Marcus & Millichap Capital Corporation (MMCC) arranged $5.7 million in financing for a 48,954-square-foot office property located at 9221 Corbin Ave. in the Northridge neighborhood of Los Angeles.TenantsMitsubishi Subsidiary Leases 92K SF In Downtown HoustonJul 8, 2026The U.S. subsidiary of the global business enterprise Mitsubishi Corp. is moving to a different building in Downtown Houston and expanding its footprint. Mitsubishi Corporation (Americas) leased about 92K SF at 1100 Louisiana, maintaining its Downtown...DealDevelopment Site Sale Closes Nearly Nine Years After Going Under ContractJul 8, 2026Lee & Associates NYC has completed the $7.5-million acquisition of a 2.84-acre development site at 374 Atlantic Ave. in Oceanside, NY on behalf of Sunrise Senior Living, concluding a transaction that spanned nearly nine years.OfficeOne Project's Buckling Beams And Sagging Floors Rattle NYC's 19M SF Conversion PipelineJul 8, 2026The buckling of two support columns at the former Pfizer headquarters in Midtown Manhattan on Tuesday morning rattled more than the nation's largest office-to-residential project. It jolted a real estate industry that has been looking to the building...Walker Webcast: Economist Peter Linneman Says Economy is StableJul 8, 2026Despite persistent uncertainty surrounding inflation, gasoline prices and politics, economist Peter Linneman believes the U.S. economy remains on solid footing.DealJLL Closes Sale of Boutique Hotel in New Hampshire Capital CityJul 8, 2026JLL’s Hotels & Hospitality Group finalized the sale of The Centennial Hotel, a 32-room Victorian-era boutique hotel located at 96 Pleasant St.t in downtown Concord, New Hampshire’s capital city.DealArlington, Va., Hotel-to-Resi Project Sells for $35MJul 8, 2026An extended-stay hotel in Arlington, Va., is set to be transformed back into multifamily housing. GoodHomes Communities put down $35 million to acquire the Arlington Court Suites, a 187-key hotel that the buyer plans to convert into a 180-unit apartment building.DealIndustrialMajestic Asset Management Acquires Carlsbad Industrial HeadquartersJul 8, 2026CBRE arranged the $45-million sale and financing of 2081 Faraday Ave., a 157,973-square-foot industrial corporate headquarters property in Carlsbad. Majestic Asset Management acquired the fully leased asset following its recent $235-million disposition in Goleta.DealTranswestern Expands Twin Cities Presence With Acquisition of Forte Real Estate PartnersJul 8, 2026Transwestern has acquired Forte Real Estate Partners, a commercial real estate firm based in the Twin Cities.Greysteel Hires New Exec to Lead Northwest, Seattle RegionJul 8, 2026Greysteel announced the appointment of Jakob Nicholls as Managing Director, Northwest Capital Markets.DevelopmentConstruction Tops Out at 19-Story Fulton Market Mixed-Use DevelopmentJul 8, 2026Chicago-based developer, Focus, announced the recent structural completion at 1221 W. Washington Blvd., a new mixed-use tower in Chicago’s Fulton Market neighborhood. Focus is also serving as the general contractor for the project.