Net lease news – page 206

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NYC’s Multifamily Market Has Split. Here’s What Investors Need to Know.Jun 15, 2026There’s a narrative floating around that the New York City multifamily market is “back.” That’s only half true. What’s actually happening is more nuanced — and more important for investors and owners to understand. The market isn’t just recovering. It’s diverging.Representative imageLendingTishman Speyer Snaps Up $40M Mezz Loan on New York’s One DagJun 15, 2026Things are about to get “mezzy” for Tishman Speyer. The firm’s debt platform just purchased the $40 million mezzanine loan on One Dag Hammarskjöld, Commercial Observer can first report.IndustrialAtkins Diet: Zenith IOS’s CEO On Industrial’s Hottest NicheJun 15, 2026Ben Atkins is the co-founder and CEO of Zenith IOS, a vertically integrated industrial outdoor storage management and investment platform with more than 100 properties across the U.S. and an asset value of $1.2 billion — despite being founded just six years ago.TenantsHow Safehold’s Ground Lease is Unlocking Multifamily DevelopmentJun 15, 2026Multifamily development has been difficult to capitalize in recent years, with equity scarce and targeting elevated yields in the face of rising construction costs and interest rates.1031C-storeClovis 7-Eleven C-Store/Gas Station Trades in 1031 ExchangeJun 12, 2026Hanley Investment Group Real Estate Advisors completed the $5-million sale of a 7‑Eleven-occupied convenience store and gas station in Clovis.TenantsIndustrialPet Food Manufacturer Signs 163K-SF Lease in OntarioJun 12, 2026NAI Capital Commercial VP Dawn Lowder, Julie Dammeier of First Team Real Estate and Andrew Rodriguez represented the landlord in the lease of a 163,336-square-foot industrial facility located at 1930 S. Parco Ave. in Ontario.DealFormer Performing Arts School Sells to Summa Academy as Its Third Bay Area CampusJun 12, 2026Colliers completed the sale of 2730 Mitchell Dr., a 43,702-square-foot school facility in Walnut Creek, formerly the site of the Contra Costa School of Performing Arts. The buyer, Summa Academy, acquired the asset for $7.1 million.DealSentinel Real Estate Acquires Luxury Apartment Community in PotomacJun 12, 2026Sentinel Real Estate has acquired The Perry, a luxury multifamily community located at 12430 Park Potomac Avenue in Potomac, Maryland, approximately 10 miles northwest of downtown Washington, D.C.DealCentersVornado Closes on 49% Stake in Fisher Brothers’ Park Avenue PlazaJun 12, 2026Vornado Realty Trust has completed its previously announced acquisition of a 49% interest in Park Avenue Plaza. The 1.2-million-square-foot office property at 55 E. 52nd St. traded at a gross valuation of $1.1 billion, a significant discount to replacement cost.DealTranswestern Enters Philadelphia Market With Acquisition of SSH Real EstateJun 12, 2026Transwestern has acquired SSH Real Estate, Inc. (SSH), a Philadelphia-based commercial real estate firm that provides property management, brokerage, and investment services.One Domino Penthouse Sets North Brooklyn Record for Sponsor SaleJun 12, 2026Two Trees Management Co. announced that Penthouse 1B at One Domino Square is under contract for $7,750,000.DevelopmentMarysville Breaks Ground on Affordable Housing DevelopmentJun 12, 2026The Housing Authority of Snohomish County (HASCO) recently broke ground on Leonard Crossing Apartments, a nearly $47 million plan for 124 apartments on Cedar Avenue.DevelopmentConstruction Firm Alliant Systems Opens New Portland HeadquartersJun 12, 2026Alliant, a Portland-based construction firm, has opened its new headquarters in the heart of downtown Alliant Systems purchased its Goose Hollow offices nearly two years ago and is relocating from its previous location in the Pearl District at Northwest 12th Avenue and Flanders…TenantsIndustrialTempo Signs HQ Lease in San Diego to Expand Industrial ElectrificationJun 12, 2026A thermochemical energy company that provides power on demand for heavy industrial users and operators has moved its corporate base to San Diego as it transitions to commercial scale.TenantsQSRRare Waterfront Dining Setting Comes Up for Lease or SaleJun 12, 2026Biddle Real Estate Ventures and PCD Development, through leasing agent Lee & Associates, announced the availability of a premier waterfront restaurant location at The Daymark, a newly completed luxury condominium building located within the Edge-on-Hudson mixed-use community in…Representative imageL.A. Mayor ‘Has Grave Concerns’ Amid Allegations at Homeless AgencyJun 12, 2026The Trump administration suspended funding for a prominent Los Angeles homeless services agency due to what federal officials say are failures and a “clear pattern of fraud” in the nation’s capital for homelessness. The U.S.Representative imageDealPaul Singer’s Elliott Management Buys Coconut Grove Hotel for $110M: UpdatedJun 12, 2026Paul Singer’s Elliott Management bought a hotel in Miami’s Coconut Grove neighborhood from Brookfield Asset Management. Called the Mayfair House Hotel & Garden, the property was built in 1982 and includes 180 rooms at 3000 Florida Avenue, adjacent to Virginia Street.DealAMAC Holdings Sells Adjacent East Village Buildings for $23.5MJun 12, 2026AMAC Holdings’ Maurice Kaufman has sold two adjacent buildings in Manhattan’s East Village for a combined $23.5 million, according to property records made public Thursday.DealMidwood Pays $41M for West Village Retail Swath at 403 Avenue of the AmericasJun 12, 2026A large commercial parcel in the heart of Manhattan’s West Village has changed hands for $41 million. The retail property at 403 Avenue of the Americas was acquired in cash by John Usdan’s Midwood Investment & Development, according to city records made public Friday.DealSpace Center Hotel to Close, to Reopen Under New BrandJun 12, 2026The Hilton Houston NASA Clear Lake hotel has announced that it will lay off its 65 workers and close on July 31. The hotel will be redeveloped into a Compass by Margaritaville hotel. In August 2025, Nassar Bay Resorts acquired the 242-key hotel for $27 million.