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Net lease news – page 190
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Marcus & Millichap Negotiates $5.6M Sale of Two-Tenant Retail Property in Metro ChicagoALGONQUIN, ILL. — Marcus & Millichap has negotiated the $5.6 million sale of a newly built retail property occupied by Chipotle and First Watch in Algonquin. The 6,150-square-foot asset is located at 1721 S. Randall Road within The Enclave mixed-use development.
Work Underway on Related’s Hollywood HighriseRelated Group and BH Group have begun work on Icon Beach Waterfront Residences, a 38-story high-rise with 350 residences in Hollywood, between Miami and Fort Lauderdale. The group will also deliver a private 32-slip marina and resident-exclusive beach club.
Representative imageRezoning Champ Brad Lander Victorious in Tuesday’s NYC Congressional PrimaryMayor Zohran Mamdani was a clear winner in Tuesday’s congressional primaries in New York City as all three of his endorsed candidates won their contests. For the real estate industry, though, the results were cloudier.
Scannell Properties to Develop 335-Acre Logistics Park Near SavannahELLABELL, GA. — Scannell Properties has plans to develop Ridgeway Logistics Park, a 335-acre industrial campus situated directly across from the Hyundai Motor Group Metaplant in Ellabell, a western suburb of Savannah in Bryan County.
Lowes Foods to Anchor Mixed-Use Project in Mooresville, North CarolinaMOORESVILLE, N.C. — Lowes Foods plans to anchor Cadia Village Mooresville, a mixed-use development underway in suburban Charlotte.
JLL Brokers $48.4M Sale of Industrial Park in Fort Myers, FloridaFORT MYERS, FLA. — JLL has brokered the $48.4 million sale of Meridian Business Campus, a four-building industrial park located at 16101-16301 Parallel Drive in Fort Myers.
Berkadia Arranges Sale of 202-Unit Apartment Community in Boiling Springs, South CarolinaBOILING SPRINGS, S.C. — Berkadia has arranged the sale of Villas at Lawson Creek, a 202-unit, garden-style apartment community located at 9159 Asheville Highway in Boiling Springs, a northern suburb of Spartanburg, S.C.
Partnership Unveils Plans for $170M Affordable, Supportive Housing Project in The BronxNEW YORK CITY — A partnership between local owner-operator Gilbane Development Co., Strada Development LLC and the Center for Urban Community Services (CUCS) has unveiled plans for a $170 million affordable and supportive housing project in The Bronx.
Representative imageJLL Arranges $26M in Construction Financing for Buffalo Mixed-Use ProjectBUFFALO, N.Y. — JLL has arranged $26 million in construction financing for Heritage Point, a mixed-use project in Buffalo’s Canalside district that will consist of 61 apartments and 30,000 square feet of commercial space across two six-story buildings.
Representative imageAtlantic Capital Partners Negotiates $7.7M Sale of Shopping Center in Wilmington, MassachusettsWILMINGTON, MASS. — Local brokerage firm Atlantic Capital Partners (ACP) has arranged the $7.7 million sale of a 53,679-square-foot shopping center in Wilmington, located north of Boston.
The Plan: Lower Manhattan’s Wrey Rental Tower Is Designed Like a Private ClubAs “Seinfeld” taught us, you can’t acquire grace. At the Wrey, though, a new luxury rental tower in Lower Manhattan, there is grace in every nook and cranny.
Trident Capital Group Expands Industrial Portfolio by 2 M SF in OhioTrident Capital Group announced a series of transactions and developments across the Columbus region, adding approximately 1.94 million square feet of industrial space to its growing Midwest portfolio.
Moinian Group Secures Quartet of Leases in Midtown SouthThe Moinian Group,has signed 70,000 square feet of new leases at 60 Madison Ave. in Midtown South with Foundational Labs, Inc. d/b/a Pace, GovWell Technologies, Inc., The Full Picture, LLC and Tenex Labs, LLC.
Cityview, Stockbridge Cut Ribbon on Gardena MultifamilyCityview, a vertically integrated real estate investment manager specializing in multifamily, and Stockbridge, a private equity real estate investment management firm, recently celebrated the grand opening of Apollo – a 265-unit multifamily community in Los Angeles’ South Bay.
Jonathan Mechanic Elected as Next Chair of REBNYThe Real Estate Board of New York (REBNY), the City’s leading real estate trade association, today announced that Jonathan L. Mechanic, Chairman of Fried Frank’s Real Estate Department, has been elected to serve as the next Chair of REBNY.
Crescent Heights’ Skyline OC Lands $210M FinancingNewmark has arranged a $210-million financing secured by the remaining condominium inventory at Skyline OC South Coast Residences, a 25-story luxury residential development at 9 MacArthur Pl. in Santa Ana.
CBRE Arranges Sale of Townhomes in KenoshaCBRE has arranged the sale of Bayside Townhomes, a 32-unit multifamily community in Kenosha. Campbell Creek Communities LLC purchased the property from Bayside Townhomes LLC for $7.14 million.
Lee & Associates Negotiates Sale of 70K-SF Oak Brook Office PropertyLee & Associates has negotiated the sale of the 70,497-square-foot commercial office property at 915 Harger Road, located in the heart of Oak Brook’s business corridor.
Walker & Dunlop Arranges $375M Loan for Jersey City Mixed-UseWalker & Dunlop, Inc. has arranged a $375 million construction loan to finance JFK Boulevard, Nasser Freres’ new mixed-use development in Jersey City’s Journal Square. The financing was provided by Madison Realty Capital.
KBS Appoints Katy Grober as Vice President, Investment Manager for Mid-Atlantic RegionKBS announced it has rehired Katy Grober as vice president, investment manager for its Mid-Atlantic region. Grober previously served in several roles within KBS’ investment management team.