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Net lease news – page 174
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Rithm Capital Chips In $73M To Refinance Midtown Office LoanRithm Capital Corp. is coughing up a pretty penny to refinance another substantial mortgage it inherited when it acquired Paramount Group last year.
Prime Finance Refis Denver-Area Apartments With $46M LoanA joint venture between Oak Coast Properties and BMC Investments has sealed a $46.25 million loan to refinance a multifamily asset in suburban Denver, Commercial Observer has learned Prime Finance supplied the floating-rate loan on the 388-unit Aspen Park property in Northglenn,…
Avery Hall Investments Plans 250-Unit Mixed-Use Tower in Crown HeightsAvery Hall Investments is cooking up a new 18-story mixed-use development at 1550 Bedford Avenue in Brooklyn’s Crown Heights neighborhood.
TEI Makes First Boston Office Acquisition with Deal for 230 Congress St.Time Equities, Inc. (TEI) has acquired 230 Congress St. in Boston for $32.5 million.
Podcast | Building the AI OS for Enterprise CRE, with Fyxt CEO Ryan BotwinickRyan Botwinick is the founder and CEO of Fyxt, an AI operating system for commercial real estate that unifies workflows, data, and automation across enterprise portfolios.
LCOR Lands $193M for Miami Rental TowerLCOR has scored a $192.5 million construction loan for a multifamily tower along Biscayne Boulevard near Miami’s Edgewater neighborhood, property records show.
Core Spaces Advancing 2,201-Bed Texas A&M Student Housing VentureCore Spaces (Core) broke ground on Hub College Station, a $130 million student housing community located in the heart of the Northgate District just steps from Texas A&M University. Financing was provided by Pacific Life. Construction is led by Treehouse Construction.
Five Tenants Sign 19K SF of Deals at Blake Partners’ 39 West 37th StreetFive new office leases totaling 19,191 square feet were signed at a Midtown building three blocks south of Bryant Park, Commercial Observer has learned.
Revised Plan for Pacific Park Would Bring 5,600 Apartments to Downtown BrooklynThe $54-billion next phase of the decades-long Atlantic Yards/Pacific Park project in Downtown Brooklyn will move forward with a new plan that adds thousands more apartments than previously proposed.
AC Hotel McKinney Reveals Open DateThe AC Hotel McKinney, a Marriott-branded property under construction at Hub 121 in Craig Ranch, remains on track to welcome its first guests in October. Peachtree Group will manage the property, Construction on the five-story hotel began in March 2024.
University Retirement Communities Make the GradeBy Hayden Spiess At first glance, mixing university students in their late teens and early 20s with senior living residents might seem too unconventional to succeed. “These are two completely different worlds,” concedes Andrew Carle, president of Carle Consulting.
DWS Group REIT Misses Redemption Requests By More Than 30%DWS Group, a leading European asset manager based in Germany, is falling short of shareholders' expectations as they try to pull cash from one of its American nontraded REITs.
AllianceBernstein Lends $75M to Expand Long Island Industrial Business ParkRechler Equity Partners has sealed a $75 million development facility to expand a master-planned logistics project on Long Island, Commercial Observer has learned.
U.S. Government Seeks To Downsize EPA's Atlanta Office By 45%The Trump administration is looking to shrink the Environmental Protection Agency’s office in Atlanta by nearly 150K SF as it continues its efforts to slash the federal government's real estate footprint.
LCOR Inks $192.5M Construction Loan for Biscayne Bay ApartmentsLCOR has begun work on Edgewater-area apartments after securing a $192.5 million construction loan. Natixis provided the loan to LCOR. It covers the 1.08-acre site at 1775 Biscayne Blvd. Coastal Construction started work on the project.
Front Street Developing $250M Winston-Salem Mixed-Use ProjectFront Street Capital, along with Carter, is developing The Grounds, a $250 million project in Winston-Salem.
Lincoln Property, J.P. Morgan Buy 962K SF Suburban Boston Office Campus For $61MA pair of national investment giants has acquired a seven-building office campus in Wakefield that has the potential to become something much bigger. Lincoln Property Co. and investors advised by J.P.
Centerbridge Pays $750M For Stake In Family-Owned Development FirmAlternative asset manager Centerbridge Partners acquired an ownership interest in Merritt Properties with a $750M investment.
Landmark Properties, CrossHarbor Capital Break Ground on 272-Unit Student Housing Property in Eugene, OregonEUGENE, ORE. — Landmark Properties and CrossHarbor Capital have broken ground on The Mark Eugene, a 272-unit student housing property located on a 2.6-acre site in Eugene.
Apartment Builders, Developers are Optimistic Long-Term Despite Rising CostsApartment builders and developers maintain a positive outlook on longer-term multifamily construction conditions despite expecting that costs will continue to increase.