Net lease news – page 169

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LendingBravo Property Trust Lends $68M on New Jersey Waterfront ApartmentsJul 7, 2026Skyrock Capital has landed $68 million of construction financing for the development of a luxury waterfront multifamily project in Bayonne, N.J., Commercial Observer has learned.DealBrookfield JV Buys Site For 6,500-Unit Project In Boston SuburbsJul 7, 2026The long-stalled redevelopment of a former naval air base 15 miles south of Boston is ready for takeoff. A joint venture of Brookfield Properties and New England Development paid $65M to acquire part of the 1,400-acre site of the former South Weymouth...DevelopmentNscale Secures $900M For Data Center ExpansionJul 7, 2026Artificial intelligence infrastructure firm Nscale has closed a $900M line of credit intended to accelerate the construction of its global data center portfolio.DealNuveen Buys Pair of Upper West Side Multifamily Properties for $75MJul 7, 2026Nuveen Real Estate has acquired a two-building multifamily portfolio on Manhattan’s Upper West Side, Commercial Observer has learned.IndustrialTesla, Toyota Tap Central Texas For Major Industrial ExpansionsJul 7, 2026Two of the world’s largest auto manufacturers are making big industrial real estate moves in Austin and San Antonio.Berkadia Hires C&W’s Blake Okland as Chief Revenue OfficerJul 7, 2026Blake Okland, who led Cushman & Wakefield’s multifamily capital markets platform from December 2023 to early 2026, has joined Berkadia as the firm’s chief revenue officer, Commercial Observer can first report.Representative imageKeyah Lands $38M to Reposition Miami Beach Hotel Into a Starwood BrandJul 7, 2026Keyah Real Estate Group has nabbed $38 million to reposition a Miami Beach hotel, which will be branded after Starwood’s Treehouse Hotels, property records show.LendingBeyond the Maturity Wall: Why Multifamily’s Next Refinance Cycle Looks More Workable Than the Headlines SuggestJul 7, 2026The multifamily maturity wall has been a looming concern for several years.DealOfficeNewmark Lands Listings to Sell 3 Phoenix-Area Class A Office PropertiesJul 7, 2026Newmark has the listings for three Class A office properties in the Phoenix Metro area. The Phoenix Business Journal reports the offices, totaling 545,000 square feet, are situated in Chandler, Scottsdale and Phoenix.LendingFormer Housing Commissioner Frank Cassidy Returns To Walker & DunlopJul 7, 2026The Department of Housing and Urban Development’s former top mortgage insurance official is heading back to a familiar setting after leaving the Trump administration.TenantsOfficePwC Plans Relocation from DTLA to Century City in 2028Jul 7, 2026Longtime Downtown Los Angeles office tenant PwC is relocating to Century City. The Los Angeles Times reported that the accounting and professional services firm has signed a 15-year lease to occupy 150,000 square feet at Irvine Company’s 2121 Ave. of the Stars.Representative imageTenantsCommercial Real Estate Needs a Company Brain, Not a Bigger AI ModelJul 7, 2026Every quarter, the same scene repeats across institutional real estate. A firm signs an enterprise AI deal or rolls out a company-wide subscription to the latest model. The pitch promises automated underwriting, instant lease abstraction and clean data.OfficeTop Brokerage Expands With Downtown D.C. Office MoveJul 7, 2026Colliers is relocating to a bigger office in downtown D.C. and committing to the city’s central business district for another 12 years.DevelopmentOfficeJVP Starts Work on 110K-SF Office Building at Frisco’s The MixJul 7, 2026JVP Development broke ground on the first office building at The Mix (shown), a mixed-use development located in Frisco’s North Platinum Corridor.CentersEnvironmental Consulting Firm Roux Takes 5K SF at Circle Realty’s 14 Penn PlazaJul 7, 2026Environmental consulting and compliance firm Roux is relocating within Midtown.LendingHometown Financial to Acquire New Hampshire Lender, Rebrand as TruNorth BankJul 7, 2026Easthampton, MA-based Hometown Financial Group, Inc., the holding company for bankESB, bankHometown, and TruNorth Bank, has entered into a merger agreement to acquire Primary Bank, a publicly traded commercial bank based in Bedford, NH.DevelopmentNRP Group Breaks Ground on 348-Unit Affordable Housing Project in South AustinJul 7, 2026AUSTIN, TEXAS — The NRP Group, a Cleveland-based multifamily owner-operator, has broken ground on Sanara, a 348-unit affordable housing project in South Austin.IndustrialToyota Commits to $3.6B San Antonio Plant ExpansionJul 7, 2026Toyota Motor North America (TMNA) will invest $3.6 billion to expand its San Antonio manufacturing campus with a second vehicle assembly line to support the Tacoma truck.DealIPA Arranges Sale of 250-Unit Alta Firewheel Apartments in Garland, TexasJul 7, 2026GARLAND, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Alta Firewheel, a 250-unit apartment complex located northeast of Dallas in Garland.Representative imageDealIndustrialAvison Young Negotiates 61,861 SF Industrial Lease in Grand Prairie, TexasJul 7, 2026GRAND PRAIRIE, TEXAS — Avison Young has negotiated a 10-year, 61,861-square-foot industrial lease in Grand Prairie, located roughly midway between Dallas and Fort Worth.