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Net lease news – page 177
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Fairfield Completes 14-Story Houston Multifamily TowerFairfield Residential delivered 1010 Waugh, a 14-story, 340-unit luxury multifamily community in Houston’s Montrose neighborhood. The company will also manage the property at 1010 Waugh Drive. The concrete- and steel-built high-rise replaced a single-story commercial building.
Representative imageStarwood Capital Group Closes $10.2B Opportunistic Fund for Data Center InvestmentBarry Sternlicht wants an even bigger piece of the expanding data center pie. Sternlicht’s Starwood Capital Group announced Wednesday that it closed a $10.2 billion opportunistic real estate fund to invest in residential, industrial, hospitality and data center real estate.
Kennedy Wilson Partnership Pays $237M for Westchester ApartmentsKennedy Wilson has partnered with Kenedix, Inc. and Hulic Co., Ltd. to acquire Carraway, a 421-unit multifamily community in West Harrison, NY, for $237 million.
Bridge Logistics Acquires 767K-SF Brookshire Warehouse FacilityClay Development & Construction sold Twinwood Distribution Center III, a 767,520-square-foot cross-dock industrial facility located at 2193 Discovery Hills Parkway in Brookshire, Texas. Bridge Logistics Properties was the buyer.
Trump Administration Loses Lawsuit Over Homelessness Funding RulesA federal judge in Rhode Island ruled against changes the federal government sought to the main source of funding for housing the homeless. The judge made the ruling on the grounds that the government didn’t adequately consider the impact the changes...
Redwood West, Panattoni Team on Acquiring Long Beach’s The PikeRedwood West, in partnership with Panattoni, has acquired The Pike, Long Beach, a waterfront retail, dining and entertainment lifestyle center. Although Redwood West and Panattoni did not identify the seller or sale price, SITE Centers Corp.
Security Properties Spins Off 240-Unit Nashville Rental CommunityAmerican Landmark Apartments acquired a 240-unit apartment community near the Nashville airport for $51.5 million. The apartment development at 1501 Woodland Pointe Drive was previously known as Hamptons at Woodland Point and will be rebranded as Woodland Pointe Residences.
Kroger Agrees To Acquire Giant Eagle For $1.65BSupermarket giant Kroger announced a $1.65B deal to acquire Pennsylvania-based grocery chain Giant Eagle, just 18 months after its $25B megamerger with Albertsons fell apart. Kroger's acquisition price includes $1.25B in cash considerations and the...
Historic Miami Courthouse to be Auctioned OffMiami-Dade County is auctioning off the iconic Historic Dade County Courthouse, located at 73 W. Flagler Street in the heart of Downtown Miami.
Brookwood Offloads 207K-SF Orlando Office BuildingAvison Young arranged the sale of Maitland 200, a 207,000-square-foot four-story atrium-style class A office building located at 2301 Maitland Center Parkway in the Maitland submarket of Orlando, Florida, for $17.8 million. Brookwood Financial Partners was the seller.
DLC Pays $36.6M for Charlotte Retail CenterDLC Management paid $36.6 million for Perimeter Woods, a 127,000 square foot retail center across from Northlake Mall in Charlotte. Kite Realty was the seller.
Northmarq Secures $13.7M Bridge Loan for Innerbelt Business Center in Metro St. LouisOVERLAND, MO. — Northmarq has secured $13.7 million in acquisition financing for Innerbelt Business Center, a 191,925-square-foot flex/showroom property in Overland near St. Louis.
IRG, PREP Funds to Renovate 160,000 SF Industrial Property in Dayton, OhioDAYTON, OHIO — Industrial Realty Group LLC (IRG) and PREP Funds have acquired 5870 Poe Ave. in Dayton with plans to reposition the 160,000-square-foot property as Dayton Commerce Center.
Representative imageLee & Associates Negotiates Two Industrial Leases Totaling 131,417 SF in Chicago’s Western SuburbsHILLSIDE AND FOREST PARK, ILL. — Lee & Associates of Illinois has negotiated two industrial leases totaling 131,417 square feet in the western suburbs of Chicago.
Representative imageBernard Financial Group Arranges $7M Loan for Refinancing of Ohio Multifamily PropertyKETTERING, OHIO — Bernard Financial Group has arranged a $7 million permanent loan for the refinancing of a 250-unit multifamily property in Kettering, an inner suburb of Dayton.
Redwood West, Panattoni Purchase 394,616 SF The Pike Lifestyle Center in Long Beach, CaliforniaLONG BEACH, CALIF. — Redwood West, in partnership with Panattoni, has purchased The Pike, a 394,616-square-foot waterfront retail, dining and entertainment lifestyle center in Long Beach. Terms of the purchase were not released. Located at 95 S.
Lee & Associates Brokers $9.1M Sale of Three-Building Industrial Portfolio in Vista, CaliforniaVISTA, CALIF. — Lee & Associates has brokered the $9.1 million sale of a three-building industrial portfolio located at 2438, 2440 and 2446 Cades Way in Southern California. All three buildings were acquired by a single private investor.
Matthews Arranges Sale of Four-Property Medical Office Portfolio in Spokane, WashingtonSPOKANE, WASH. — Matthews has arranged the sale of a four-property medical office portfolio located at 427 S. Bernard St., 9651 N. Nevada St., 31 E. Central Ave. and 208 W. 5th Ave. in Spokane.
Coldwell Banker Commercial Negotiates $4.4M Sale of Office Property in Casper, WyomingCASPER, WYO. — Coldwell Banker Commercial has arranged the $4.4 million sale of 800 Werner Court, an office property in Central Wyoming. Situated on 4.7 acres, the three-story property features 99,500 square feet of office space.
JLL Negotiates Sale of 1 MSF Industrial Park in Northwest HoustonHOUSTON — JLL has negotiated the sale of a six-building, 1 million-square-foot industrial park in northwest Houston. Northwest Spur Industrial Park spans 43.5 acres and houses shallow-bay buildings that were constructed in 1980.