Net lease news – page 178

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DealNewmark Arranges Sale of 586-Unit Multifamily Portfolio in Haltom City, TexasJul 1, 2026HALTOM CITY, TEXAS — Newmark has arranged the sale of a portfolio of two multifamily properties totaling 586 units in Haltom City, a northern suburb of Fort Worth. Hidden Lakes and The Ranch at Fossil Creek total 312 and 274 units, respectively.Representative imageDealCentersPrudent Growth Acquires 28,850 SF Retail Center in Rowlett, TexasJul 1, 2026ROWLETT, TEXAS — North Carolina-based investment firm Prudent Growth Partners has acquired Scenic Square, a 28,850-square-foot retail center in Rowlett, approximately 20 miles northeast of Dallas. The sales price was $7.4 million.Representative imageTenantsCentersWeWork to Expand Plano Coworking Space by 26,888 SFJul 1, 2026PLANO, TEXAS — WeWork will expand its coworking space in Plano by 26,888 square feet. Upon opening in the coming weeks, the space will span 53,776 square feet across two floors within Legacy Town Center, located at 6900 N. Dallas Parkway.DevelopmentOfficeGilbane Development Breaks Ground on Office-to-Residential Conversion Project in Arlington, VirginiaJul 1, 2026ARLINGTON, VA. — Gilbane Development has begun the conversion of a six-story, 121,200-square-foot vacant office building at 3601 Wilson Blvd. in Arlington’s Virginia Square neighborhood.TenantsIndustrialWelcome Group Inks Full-Building Industrial Lease in Durham, North Carolina Totaling 100,100 SFJul 1, 2026DURHAM, N.C. — Welcome Group has executed a 100,100-square-foot full-building lease at Welcome Venture Park, an industrial and flex business park under construction in Durham. The undisclosed tenant will occupy Building C at the property.TenantsHillpointe Opens 216-Unit Attainable Housing Community in Metro AtlantaJul 1, 2026NEWTOWN COUNTY, GA. — Hillpointe has opened Pointe Grand Covington, a 216-unit attainable multifamily community located at 8000 Revolution Way in Covington, about 36 miles east of Atlanta.The Plan: Balance and Nuance Reign at Gowanus’ Douglass PortJul 1, 2026As Brooklyn’s Gowanus neighborhood continues to reshape itself from a polluted wasteland into a vibrant live-work-play hub, Charney Companies and Tavros are leaving their mark on the area, creating a residential campus across five buildings and thousands of mixed-income units…Silvertown Launchpad For £24B Lendlease And The Crown Estate Joint VentureJul 1, 2026The Crown Estate and Lendlease have completed their long-awaited £24B UK development partnership, formally launching a joint venture that will oversee some of the country's largest regeneration projects and create a new development platform designed...DealOfficeKennedy Wilson, Jamison To Convert LA World Trade Center In 4,000-Unit Affordable Housing PushJun 30, 2026Kennedy Wilson and Jamison plan to convert the Los Angeles World Trade Center, a 400K SF office property in Downtown, into 512 residences. The project is part of a broader effort announced Tuesday to build 4,000 affordable housing units in adaptive reuse...DealLefrak Offloads Brooklyn Rent-Stabilized Assets to HF NYC for $38 millionJun 30, 2026Lefrak has sold four rent-stabilized multifamily properties in southern Brooklyn for $38 million, Commercial Observer has learned.Representative imageTenantsCentersTarget Inks 135K-SF Lease at Queens’ Rego Park Shopping CenterJun 30, 2026Attention, Queens shoppers, you’re about to get another Target. The retail giant with over 2,000 stores in the U.S. is about to add another location in the busy borough of Queens.CREFC’s Aidasani: Capital is Back but is Selective (VIDEO)Jun 30, 2026On the question of how wide the debt markets have opened up in 2026, Raj Aidasani, managing director, research with the CRE Finance Council, put the markets into perspective.LendingCiti Lends $45M on Luxury East Village MultifamilyJun 30, 2026JLL Capital Markets arranged a $44.5-million financing for 194 E. 2nd St., a 61-unit luxury family property with ground-floor retail located in Manhattan’s East Village. Managing director Michael Zaremski, senior director John Flynn and director Clayton Ross.TenantsAndee Robb Joins Marcus & Millichap to Lead Retail Leasing & Advisory ServicesJun 30, 2026Marcus & Millichap announced that Andee Robb has joined Marcus & Millichap as head of Retail Leasing & Advisory Services, a newly established role.TenantsCentersAlexander’s Signs Target to 15-Year Lease in Rego ParkJun 30, 2026Alexander’s, Inc. has completed a 15-year lease with renewal options with Target Corporation at its Rego Park Shopping Center located on Junction Blvd at the Long Island Expressway. The lease spans 135,000 square feet.Representative imageTenantsRent Guidelines Board Vote Sends New York’s Landlords Into Uncharted TerritoryJun 30, 2026With the recent 7-1 vote by the New York City Rent Guidelines Board (RGB) to freeze rents for both one- and two-year leases on rent-stabilized apartments in the city, two things seem likely.Office'Cheaper If We Don't Have A Building': Demolition In Demand In HoustonJun 30, 2026Grant Mackay Demolition Co. is tearing down a five-story office building at 5100 Westheimer Road after demolishing a neighboring office building last year.QSRTapas Concept Fat of the Land Joining Restaurant Collection at Centerview Office ComplexJun 30, 2026EMMES Realty Services and funds managed by Oaktree Capital Management, L.P. are expanding their collection of dining destinations at the Centerview office complex in Irvine with the addition of Fat of the Land, a tapas-driven concept from restaurateur Robert Paetz.LendingIndustrialBridgeCity Lends $72M on Long Island City Apartments BuildJun 30, 2026Brooklyn-based developer Elmord Management has landed $72.3 million of acquisition and construction financing to build a multifamily development at a former industrial site in Long Island City, Queens, Commercial Observer has learned.DealJV Plans 4,000 Affordable Units in L.A., Starting With Former World Trade CenterJun 30, 2026A day before a major California housing bill goes into effect on July 1, two prominent commercial real estate firms announced a partnership to build thousands of new apartments in Los Angeles.