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Net lease news – page 18
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32-Story Downtown Boston Office Tower Heading To Foreclosure AuctionWells Fargo foreclosed on 100 Summer St., a 32-story tower owned by Rockpoint Group. The auction is scheduled Oct. 20 with Sullivan & Sullivan.
Logistics Company Leases 428K SF Spec Industrial In BaytownGulf Coast Crating Inc. leased 428K SF in Baytown 146 to expand its operations.
Fort Partners Buys Hotel Next to Its Four Seasons Property in Palm BeachFort Partners purchased an oceanfront hotel in Palm Beach., Fla., from real estate investor Jeff Greene, next door to the Four Seasons resort it owns.
McDonald's Unveils $8.5B Plan To Accelerate Restaurant ImprovementsWith the McDonald's > NEXT strategy, the fast food titan plans to provide $8.5B in partnering support through 2036, including about $5B through 2030.
David Burris, Investor Group Buy Mixed-Use Upper East Side Site for $28MTerra Holdings’ David Burris and a group of investors have made a $28.1 million covered land play on Manhattan’s Upper East Side.
New York Life Provides $386M Refi for 200 Madison AvenueA joint venture between George Comfort & Sons, Loeb Partners Realty and Jamestown has secured a $386 million loan to refinance its Midtown East office tower at 200 Madison Avenue, Commercial Observer has learned.
JLL Rolls Out New Nontraded REIT Focused On DebtJLL Property Finance Trust will buy first mortgages and subordinate debt and, to a lesser extent, CMBS loans and CLOs.
Irish Arts Center Signs 4K-SF Lease at GFP’s 630 Ninth AvenueGFP Real Estate has signed three new office deals at its Film Center Building in Hell’s Kitchen.
Lincoln Transforming Greenpoint Mall into 1.2M-SF Industrial ParkGreenpoint Mall offered dozens of retail and food options for almost 50 years. With its allure faded, Lincoln, in partnership with New York Life Investment Management, unveiled plans to turn the mall into CityNorth Industrial Park, a 1.2 million-square-foot industrial park.
Developers Ink $482M Financing for Steamboat Springs Hotel/ResidencesStockman Development, led by Marquee Development, secured $482.5 million in financing from GoldenTree Asset Management, to advance The Stockman, Auberge Collection, which recently broke ground at the base of Steamboat Resort.
71-Story Houston Office Tower Up for SaleJLL Capital Markets, as the exclusive representative of the owner, is offering for sale a 100% fee simple interest in 1000 Louisiana, a 71-story, 1,721,242-square-foot Class A office tower in Houston’s central business district.
On, Sneaker Maker Beloved by Roger Federer and Kylian Mbappé, Moves NYC HQ to Penn 1It’s on! The Swiss athletic sneaker and apparel company now known as On is moving and expanding its New York City office headquarters to 85,000 square feet at Vornado Realty Trust’s Penn 1, Commercial Observer has learned.
TA Realty Pays $105M for Wellington Rental CommunityJPMorgan Investment Management sold The Polo Lakes Apartments in Wellington for more than twice what it paid. The South Florida Business Journal reports JP Morgan paid $47.75 million for the property in 2002.
What Past Fed Hiking Cycles Signal for Yields, Recession RiskExecutive Summary The Federal Reserve’s quarter-point increase to a 3.75% to 4% target range began its first tightening campaign since July 2023, with policymakers signaling that at least one more increase may be needed before year-end.
Piedmont Building $600M Covington HospitalPiedmont plans to build a relocation hospital for Piedmont Newton Hospital, located in Covington, GA, at a cost of nearly $600 million, all of which will be borne by Piedmont.
X Capital Underway on 59,000 SF Mixed-Use Project in Melissa, TexasMELISSA, TEXAS — Texas-based developer X Capital is underway on sitework for a 59,000-square-foot mixed-use project in Melissa, located about 40 miles north of Dallas in Collin County.
Representative imageMoody Rambin Arranges Sale of 33,000 SF Industrial Complex in HoustonHOUSTON — Locally based brokerage firm Moody Rambin has arranged the sale of Bennington Business Park, a 33,000-square-foot industrial complex located in the Independence Heights area of Houston.
Representative imagePGIM Signs 16,479 SF Office Lease at 23Springs in Uptown DallasDALLAS — PGIM has signed a 16,479-square-foot office lease in Uptown Dallas.
Representative imageMarcus & Millichap Brokers Sale of 15,000 SF Gas Station, Convenience Store in Junction, TexasJUNCTION, TEXAS — Marcus & Millichap has brokered the sale of Gordo’s Travel Center, a 15,000-square-foot gas station and convenience store in Junction, about 115 miles northwest of San Antonio.
L&L Infinite Acquires 42-Story Office Building in Midtown ManhattanNEW YORK CITY — L&L Infinite Real Estate Partners, a development and investment firm with offices in New York City and West Palm Beach, has acquired 600 Third Avenue, a 42-story office building in Midtown Manhattan.