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Net lease news – page 205
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Madison Realty Capital, Newbond Holdings Provide $115M Refi for Santa Cruz HotelEnsemble Investments has secured $115 million in senior debt to refinance La Bahia Hotel & Spa, a 155-room luxury waterfront hotel that opened last year in Santa Cruz, Calif., Commercial Observer can first report.
KETTLER, Stillman Trade 276-Unit N. Charleston Rental AssetNewmark announces the Company has completed the sale and financing of Waverly Place, a 276-unit multifamily community located at 1900 Waverly Place Lane in North Charleston, South Carolina.
NewQuest Acquires Land for 334-Unit Apartment Community, Retail Center in Katy, TexasKATY, TEXAS — NewQuest has acquired land in the western Houston suburb of Katy for the development of a 334-unit apartment community and retail center.
MCR Pursuing 1,000 New Miami Airport Hotel RoomsMCR, owner of the Hilton Miami Airport Blue Lagoon, plans to add 1,000 hotel rooms by using space now used for surface parking. The idea is to build two 14-story buildings at 5101 Blue Lagoon Drive. Behar Font & Partners has been tapped to design the project.
Representative imageFour New Tenants Sign Leases at Inwood Village in North DallasDALLAS — Four new tenants have signed leases at Inwood Village, a historic shopping center and dining destination located at the intersection of Lovers Lane and Inwood Road in North Dallas.
Representative imageAmerican Foam Rubber Renews 17,067 SF Industrial Lease in DallasDALLAS — American Foam Rubber has renewed its 17,067-square-foot industrial lease in Dallas. The space is located within a development known as Dallas Commerce Center. Brett Lewis of Lee & Associates represented the tenant in the lease negotiations.
Partnership Buys Two Multifamily Properties in Greenwich, Connecticut for $356MGREENWICH, CONN. — A partnership between two local developers, RMR Residential and LCOR, as well as Chicago-based investment firm Heitman, has purchased two multifamily properties totaling 406 units in the southern coastal Connecticut city of Greenwich.
Representative imageMarcus & Millichap Brokers $3.9M Sale of Retail Strip Center in Pennington, New JerseyPENNINGTON, N.J. — Marcus & Millichap has brokered the $3.9 million sale of Cornerstone Court, an 18,284-square-foot retail strip center located in the Northern New Jersey community of Pennington.
Dalfen Adds 419K-SF Broward County Industrial Portfolio to Warehouse HoldingsDalfen Industrial acquired a nine-building industrial portfolio totaling 419,253 square feet in Broward County. Blackstone and Link Logistics sold the warehouses to Dalfen for $99.6 million.
Representative imageNYC Alliance Signs 50,000 SF Office Lease at 1441 Broadway in Midtown ManhattanNEW YORK CITY — NYC Alliance, the apparel company behind brands like Juicy Couture, Frye and 525 America, has signed a 10-year, 50,000-square-foot office lease, inclusive of showroom space, at 1441 Broadway in Midtown Manhattan.
South Florida’s Billionaires Wave Is Swamping the Region for Good and IllWhen private equity executive Jason Wright paid $14 million for a waterfront property in Miami Beach’s gated Sunset Islands enclave four years ago, some observers thought he had overpaid.
CRG Sells Industrial Building at 1.2 MSF Cubes at Mesa Gateway in ArizonaMESA, ARIZ. — CRG has completed the sale of Building C at The Cubes at Mesa Gateway, a 1.2 million-square-foot master-planned industrial park in Mesa.
JLL Negotiates $53.8M Sale of Grocery-Anchored Retail Center Near TucsonORO VALLEY, ARIZ. — JLL Capital Markets has negotiated the $53.8 million sale of Oracle Crossing, a 265,530-square-foot retail center located in Oro Valley, approximately six miles northwest of Tucson.
Representative imagePinnacle Real Estate Advisors Arranges Sale of 94,949 SF Plaza West at Aurora Town Center in ColoradoAURORA, COLO. — Pinnacle Real Estate Advisors has arranged the sale of the 94,949-square-foot Plaza West at Aurora Town Center, a retail center located at 13670 E. Alameda Ave. in Aurora.
Representative imageCushman & Wakefield | PICOR Brokers Sale of 19,464 SF Industrial Building in TucsonTUCSON, ARIZ. — Cushman & Wakefield | PICOR has brokered the sale of a 19,464-square-foot industrial property located at 451 N. Bonita Ave. in Tucson. An entity doing business as EAW-451 LLC sold the property to Brickyard Investments LP for $2.8 million.
Representative imageCASTO Opens 235-Unit Westrich Apartment Community in Columbus, OhioCOLUMBUS, OHIO — CASTO, in partnership with Columbus Metropolitan Housing Authority, The Weiler Co., The Kelley Family and Mark Cain, have opened Westrich, a 235-unit apartment community in the Franklinton neighborhood of Columbus. Oakwood Management Co. is the property manager.
Marcus & Millichap Brokers Sale of 160-Unit Multifamily Property in Kenosha, WisconsinKENOSHA, WIS. — Marcus & Millichap has brokered the sale of Orchard Courts Apartments, a 160-unit multifamily property in Kenosha. The community is situated on 32 acres, approximately 20 of which are available for potential future development.
13th Floor, Barings Receive $134M Construction Loan for Final Residential Tower at Link at Douglas in MiamiMIAMI — A partnership between 13th Floor Investments and Barings has received a $134 million construction loan for the development of Crescendo, the fourth and final residential tower located within the Link at Douglas mixed-use project in Miami.
Quill Signs 60,000 SF Office Lease Renewal in Lincolnshire, IllinoisLINCOLNSHIRE, ILL. — Quill, a provider of office equipment, supplies and technology products, has signed a 60,000-square-foot office lease renewal at 300 Tri State International Drive in the northern Chicago suburb of Lincolnshire.
Clark Beverage Group to Invest $129M for Corporate Headquarters, Distribution Facility in Bowling Green, KentuckyBOWLING GREEN, KY. — The Clark Beverage Group and Clark Distributing Co., both subsidiaries of C.C. Clark Inc.) are partnering with HDA for the design and construction of their new $129 million headquarters and distribution facility in Bowling Green.