Net lease news – page 199

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LendingIndustrialGreek Real Estate Partners JV Seals $79M Financing Package for N.J. Industrial DevJun 17, 2026A joint venture led by Greek Real Estate Partners (GREP) has secured a $79 million financing package for an industrial development in Parsippany, N.J., Commercial Observer has learned.TenantsOfficeLaw Firm Fenwick & West Signs Lease Extension, ExpansionJun 17, 2026Koeppel Rosen LLC announced that law firm Fenwick & West, LLP has expanded its office footprint at 902 Broadway with a new 18,200-square-foot lease expansion and extension.DealIndustrialFarallon Partnership Trades Historic Hawthorne Hangar CampusJun 17, 2026CBRE arranged the sale of the Hawthorne Hangar Campus at 3507 Jack Northrop Ave. in Hawthorne, a 40,553-square-foot industrial flex / R&D campus.Representative imageDealIndustrialExpanding Floral Distributor Buys Facility in L.A. CountyJun 17, 2026A flower importer and wholesaler is in growth mode, and has planted roots in one of Los Angeles’ industrial hubs. Holland Flower Market paid $34.1 million for a 91,010-square-foot, Class A, freestanding industrial facility in the city of Commerce, Calif.OfficeGlobal Holdings Wraps Work on 99 Park Avenue RepositioningJun 17, 2026Global Holdings, the international real estate development and investment firm led by chairman and founder Eyal Ofer, has completed its $30-million strategic repositioning of 99 Park Ave., a 600,000-square-foot Class A office tower near Grand Central Terminal.TenantsMBK Opens Murrieta Rentals Following Strong Demand in Pre-Leasing PhaseJun 17, 2026Developer MBK Rental Living has opened Vintage Farms, a 15-acre community featuring 330 apartments in Murrieta. The community, now open and leasing with immediate move-ins available, has experienced early demand during its pre-leasing phase.DealUnion Investment, Nuveen Sell Upper East Side RetailJun 17, 2026Union Investment and Nuveen Real Estate have sold their 1511 Third Ave. retail property on Manhattan’s Upper East Side to San Francisco-based Stockbridge. Terms of the sale were not disclosed.TenantsANALYSIS: Warsh’s Fed Sends Blunt MessageJun 17, 2026Kevin Warsh has chaired his first Federal Open Market Committee meeting, and he wasted no time making clear this is a different central bank. The FOMC held the federal funds rate at 3.50%–3.75% on Wednesday, the fourth consecutive meeting without a move.DevelopmentIndustrialBrowning Real Estate Partners to Break Ground on First Ohio Industrial DevelopmentJun 17, 2026Browning Real Estate Partners will break ground on a new 200,200-square-foot speculative industrial development in Canal Winchester, marking the company’s first ground-up development project in Ohio.DealHawkins Way Capital Drops $28M on 81 East Third Street Apartments, Student HousingJun 17, 2026Beverly Hills-based real estate investment company Hawkins Way Capital has acquired a property comprising student housing and market-rate apartments at 81 East Third Street, Commercial Observer has learned.DealIndustrialKadima Industrial Acquires Shallow Bay Woburn PropertyJun 17, 2026JLL Capital Markets arranged the sale and financing of 215 Salem St., a 62,155-square-foot shallow bay industrial facility in Woburn, MA.Representative imageLendingWarsh’s First Fed Meeting as Chair Produces a Result Many in CRE ExpectedJun 17, 2026President Donald Trump nominated Kevin Warsh as Federal Reserve chairman in the hope of lowering interest rates, but the first Federal Open Market Committee (FOMC) meeting under his leadership signaled a continued higher-for-longer environment.DealIndustrialIndustrial Property Near Indianapolis Airport Changes HandsJun 17, 2026Marcus & Millichap completed the sale of 7770 W. New York St., a 16,000-square-foot single-tenant industrial property in Indianapolis. Located near the Indianapolis International Airport, the property sold for $2.1 million to Greenspring Realty Partners.Prologis Names Karen Cherry as VP, Market Officer for Mid-Atlantic MarketJun 17, 2026Prologis announced the promotion of Karen Cherry to vice president, market officer for the Mid-Atlantic market. She assumes the responsibilities of Emily Smith, who has stepped into a leadership role within Prologis’ customer-led solutions business based in Chicago.City Invests $1B for New Affordable Housing Preservation ProgramJun 17, 2026The New York City Department of Housing Preservation and Development (HPD) has put into action what it calls the Supportive Preservation Program (SPP), designed to provide greater support for and increase the preservation of affordable housing across the city’s five boroughs,…Representative imageDealIndustrialTerreno Buys Maryland Industrial Property for $77MJun 17, 2026Terreno Realty, a publicly traded owner of almost 20 million square feet of industrial real estate across six major U.S. markets, has acquired 3100-3300 Hubbard Road, an industrial property in Landover, Md., for approximately $77.1 million.TenantsCashmere Brand Kujten Picks Acadia’s 92 Greene Street for Second U.S. LocationJun 17, 2026French cashmere brand Kujten has leased a second Manhattan location less than a year after opening its first U.S. flagship along Madison Avenue.OfficeMorgan Stanley Pursuing Uptown Office Tower VentureJun 17, 2026While a decision is not final, Morgan Stanley is considering building an office tower at 2401 McKinney Ave. in Uptown Dallas.OfficeTucson’s McClure Takes New Role with Western Retail AdvisorsJun 17, 2026Nancy McClure is well known in Tucson as one of the town’s most prolific commercial real estate agents. She is leaving CBRE after spending 36 years with them, and will be in charge of Western Retail Advisors new Tucson office.Developer Ami Weinstock Files Plans for 97-Unit Project in Ridgewood, QueensJun 17, 2026A new housing development is in the works on a vacant lot in Ridgewood, Queens.