Net lease news – page 213

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Highlights from Connect CRE Los Angeles 2026 (VIDEO)Jun 9, 2026In addition to more than 500 industry professionals in attendance, Connect CRE Los Angeles 2026 had a formidable array of speakers.DealAmeriprise Signs 10-Year Renewal for One World Trade Center SpaceJun 9, 2026The Durst Organization and the Port Authority of New York and New Jersey announced that Ameriprise Financial, Inc. has renewed its lease at One World Trade Center.Representative imageVisitt, BGO Partner to Deploy AI-Enabled Property Software Across Canadian PortfolioJun 9, 2026Visitt, an artificial intelligence-driven property operations platform, and BGO Properties, the Canadian property management division of real estate investment firm BGO, are planning a major expansion into the Great White North.LendingOfficeBSD, KSR Recapitalize 370 Lexington Ave. for $138MJun 9, 2026Broad Street Development (BSD) and KSR Capital completed the refinancing and recapitalization of 370 Lexington Avenue, a recently modernized 317,000-square-foot office tower in Manhattan’s Grand Central submarket. The $138-million recapitalization pays off lender Invesco.DealYorba Linda Parking Lot Sells for Townhome RedevelopmentJun 9, 2026CBRE arranged the $8.12-million sale of a 1.9‑acre residential development site at 4861 Liverpool St. in Yorba Linda. The property, currently a parking lot, was sold by Messiah Lutheran Church.DealOfficeNonprofit Embrace Boston Plans Redevelopment of Two Downtown Crossing PropertiesJun 9, 2026Avison Young brokered the sale of two adjoining office buildings totaling 34,300 square feet and located at 33-41 West St. in Boston’s Downtown Crossing for $9.55 million. Principals Brandon Dickason and Jeff Gates represented the buyer, Embrace Boston.DealCentersEastern Union Secures $13M to Acquire Ohio Shopping CenterJun 9, 2026Eastern Union has arranged more than $12.96 million in financing toward the acquisition of Lima Center, a 174,078-square-foot shopping center located in Lima, Ohio. The purchase price for the center was $19.5 million.DealCirrus, Resorts World Acquire Jamaica Site for Workforce HousingJun 9, 2026A partnership of Cirrus Real Estate Partners and Resorts World New York City has acquired a 1.8-acre development site and parking garage at 92-30 165th St. in Jamaica, Queens for $46.125 million in a transaction brokered by RIPCO Real Estate.DealMarcus & Millichap Arranges Sale of Wisconsin Dells Waterpark HotelJun 9, 2026Marcus & Millichap brokered the sale of Grand Marquis Waterpark Hotel & Suites, a 93-room hotel with an indoor and outdoor waterpark, located in Wisconsin Dells.IndustrialDermody Hires Manali McCarthy as Vice President of Investor RelationsJun 9, 2026Dermody, a private equity investment management company focused on the national logistics real estate sector, has hired Manali McCarthy as vice president of investor relations.UW Tacoma Selects Developer for $115M Student Housing ExpansionJun 9, 2026The University of Washington has selected Maslow’s Campus Communities as the development partner for UW Tacoma’s $115 million student housing and dining expansion development project.Representative imageLendingIndustrialArgentic Provides $84M Acquisition Loan for 11-Building Industrial PortfolioJun 9, 2026Arden Logistics Parks has secured $83.8 million in acquisition financing to buy an 11-building industrial portfolio in Atlanta, according to a release.TenantsShuttered Hillsboro Outlet Mall Site Shows Signs of LifeJun 9, 2026A once-thriving outlet mall in Hillsboro couldn’t compete in the changing retail environment, and was closed down and demolished.LendingCenters20-Acre Austin “Redevelopment” Property Set for AuctionJun 9, 2026RealINSIGHT Marketplace, in partnership with Colliers, is marketing a 20-acre parcel in southeast Austin for auction. The Federal Home Loan Mortgage Corporation (Freddie Mac) owns the property.Representative imageLendingBlue Owl Provides $975M Recap of Northern Virginia Data Center DevelopmentJun 9, 2026The data center capital rush continues, this time in Virginia with one of the state’s largest commercial real estate projects securing nearly $1 billion in new financing.DealOfficeCity of San Francisco Adds More Than 500K SF to Footprint at Hudson Pacific Office TowerJun 9, 2026The City of San Francisco is more than doubling its presence at 1455 Market St., an office tower once home to Uber.OfficeAI Firm Altana Relocates and Expands to 62K SF at Vornado’s Penn 2Jun 9, 2026The New York Knicks and the San Antonio Spurs weren’t the only ones making moves in Manhattan’s Penn District this week, as an artificial intelligence data firm quadrupled the size of its headquarters in a relocation to the neighborhood from one of Brooklyn’s premiere office…Apex Investments Files Plans for 224 Apartments in BrooklynJun 9, 2026A large apartment building might be coming to Brooklyn on the edge of Prospect Lefferts Gardens and East Flatbush.DevelopmentSuffolk Unveils AI-Enabled “Jobsite of the Future” Operating ModelJun 9, 2026Boston-based construction management firm on Tuesday launched Jobsite of the Future, which the company described as a first-of-its-kind AI-enabled operating model designed to transform how construction projects are delivered nationwide.Toyo Spending $357M on Houston Factory ExpansionJun 9, 2026Toyo Co. will add 1.5 gigawatts of production capacity at its existing Houston-area site, investing $357 million. The new investment is to make solar cells, a component of solar modules. Toyo said the project will create about 400 new jobs at the facility.