Net lease news – page 211

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TenantsOfficeNAI Hiffman Achieves Full Occupancy at 137K-SF O’Hare Office BuildingJun 10, 2026NAI Hiffman announced the completion of a new 2,748-square-foot lease with Horn-McGowan Insurance Agency at 5500 Pearl Street in Rosemont, Illinois, bringing the four-story office building to 100% occupancy.Cresa Hires Robert Gutman to Lead Structured Finance for Data Center PlatformJun 10, 2026Commercial real estate advisory firm Cresa has selected Robert Gutman as a managing principal to lead structured finance for its national data center capital markets and advisory platform, Commercial Observer has learned.LendingTalonvest Arranges $48M Financing for Geographically Diverse Self-Storage PortfolioJun 10, 2026Newport Beach-based Talonvest Capital has arranged $48 million in financing for six self-storage properties on behalf of BRB Development, a family-owned company headquartered in Winnetka, IL.It’s Still Early Innings for AI, Crypto in Commercial Real Estate: ForumJun 10, 2026Commercial Observer’s quarterly AI and Innovation Forum made its return Wednesday morning, with some of the top leaders in tech, cryptocurrency and commercial real estate discussing how they are moving with the times.DealSouth Street Partners Acquires Its First Tri-State Resort in Western NJJun 10, 2026South Street Partners, a private equity real estate investment firm headquartered in Charlotte, NC and Charleston, SC, acquired Crystal Springs Resort in Hamburg, Hardyston, Vernon and Franklin, NJ, from the founding families who have owned and operated the property since 1995.DevelopmentRiverside Investment & Development Breaks Ground on West Loop Multifamily DevelopmentJun 10, 2026Riverside Investment & Development Company and its partners recently celebrated the groundbreaking of 566 West Van Buren, a new 12-story, 199-unit multifamily development in Chicago’s West Loop neighborhood.OfficeKings Capital Files Plans to Convert FiDi’s 61 Gold Street Into 108 ApartmentsJun 10, 2026Manhattan’s Financial District has become the office-to-residential conversion capital of New York City, as thousands of new units have entered the pipeline over the last few years.Latitude Commercial Lands Management Assignment for Two Indiana PropertiesJun 10, 2026Latitude Commercial has been assigned full-service management for two properties by a local investor, expanding its local footprint in Merrillville, Indiana.DealNonprofit Heading Home Seeks Buildable Land for Unsubsidized HousingJun 10, 2026Heading Home, Inc., a nonprofit provider of shelter, housing, and support services for families in Eastern Massachusetts, is actively seeking to acquire a property to test an unsubsidized, scalable affordable housing solution for working-class families across the commonwealth.DealBay Club Company Buys El Segundo, Calif., Property for $46MJun 10, 2026Bay Club Company, which owns more than 35 recreation and lifestyle clubs on the West Coast, is expanding its real estate portfolio in Greater Los Angeles.Sports Investment Firm Dynasty Equity Takes 10K SF at Rudin’s 560 Lexington AvenueJun 10, 2026Dynasty Equity, an international investment firm focused on the sports world, is kicking its New York City headquarters over to Rudin’s 560 Lexington Avenue, Commercial Observer has learned.DealIndustrialPrologis Drops $352M in Top South Florida Industrial Sale This YearJun 10, 2026Prologis has paid $352.2 million for an almost fully leased warehouse campus in Broward County, making it South Florida’s biggest industrial sale so far this year.LendingBenefit Street Partners Lends $35M on South Carolina Apartments BuyJun 10, 2026Conserve Holdings has landed $34.5 million of acquisition financing to purchase a newly built South Carolina multifamily asset, Commercial Observer has learned.Representative imageTax Hikes on NYC’s Rent-Stabilized Housing Exceed Inflation: ReportJun 10, 2026Despite decreased operating incomes, taxes on rent-stabilized properties are rising faster than inflation, according to a new report by the New York University Furman Center for Real Estate and Urban Policy.DealOfficeGillett Commercial Eyeing 109K-SF Allen Office/Flex ProjectJun 10, 2026Gillett Commercial is adding to its Allen portfolio. It purchased 6.64 acres of land located along US 75 from the Allen Economic Development Corp. for a 109,000-square-foot project named Allen Place.DevelopmentData Center Developer to Unveil Plans to Bastrop County ResidentsJun 10, 2026Bastrop County residents and stakeholders will be given the opportunity to ask questions about three planned Cedar Creek data center campuses spanning nearly 1,500 acres. Construction on one center is underway. Two are in the planning stages.LendingNorthmarq Secures $61M Refinancing for Seattle Mixed-Use PropertyJun 10, 2026Northmarq’s Seattle Debt + Equity team, led by Managing Director Stuart Oswald, along with Vice Presidents Jack Bell and Ben Biggers, successfully completed the $60.83 million refinance of a 216-unit, 42,000-square-foot mixed-use retail and residential property located in…DealMedicalRX Health Trust Pays $48M for Mesa Medical CenterJun 10, 2026Cushman & Wakefield arranged the $48 million sale of Stapley Medical Center, a two-building, 181,710-square-foot medical office campus in Mesa, Arizona. The property is located at 1840 and 1910 S. Stapley Drive.DealBerkadia Brokers Sale of 184-Unit Active Adult Complex in Magnolia, TexasJun 10, 2026MAGNOLIA, TEXAS — Berkadia has brokered the sale of Alders Magnolia, a 184-unit active adult complex located roughly 40 miles northwest of Houston.Representative imageDevelopmentLifeCare Development Underway on 117-Unit Seniors Housing Project in College StationJun 10, 2026COLLEGE STATION, TEXAS — LifeCare Development is underway on construction of a 117-unit seniors housing project in College Station.