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Net lease news – page 218
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Sunday Summary: The Beat Won’t Stop!We all have our doubts about the future prospects of the real estate sector from time to time, but the last week — actually, no, make that the last month — should dispel any of those nagging worries.
Texas Family Office Snaps Up Grocery-Anchored El Cajon RetailJLL Capital Markets has completed the $31.5-million sale of The Shops at Parkway Plaza, a grocery-anchored retail center totaling 122,484 square feet in El Cajon. JLL represented the private seller in the sale of the property. The buyer was a Texas-based family office.
Resnick Secures 117K SF of Office, Retail Leases at 250 Hudson St.Jack Resnick & Sons secured 119,000 square feet of new office and retail leases at 250 Hudson St., bringing occupancy at the Hudson Square office tower to 99%.
Shallow Bay Industrial Portfolio Trades in East BayNewmark arranged the sale of Sierra Trinity, an 11-building, shallow bay industrial portfolio located in the East Bay city of Dublin.
$14M Refinance Secured for Newly Delivered Wicker Park MultifamilyArrow Real Estate Advisors recently arranged a $14.2 million refinance for The Ash, a newly delivered 40-unit multifamily property in Chicago’s Wicker Park neighborhood.
Marcus & Millichap Brokers Sale of 160-Unit Multifamily Property in WisconsinMarcus & Millichap announced the sale of Orchard Courts Apartments, a 160-unit multifamily property in Kenosha, Wisconsin.
Olmstead, Vertex Acquire Repositioned 1916-Vintage Midtown OfficesOlmstead Properties, in partnership with Vertex, has acquired 19 W. 44th St., a 302,000-square-foot Midtown Manhattan office property, for an undisclosed price. The seller was Savanna, represented by Will Silverman of Eastdil Secured.
Roadside Development, Hudson Bay Capital Acquire Bethesda TowersRoadside Development, in partnership with Hudson Bay Capital, announced the acquisition of Bethesda Towers, a 600,000-square-foot, three-building office campus in downtown Bethesda, Maryland. The seller, Moore & Associates, will continue to oversee property management.
Report: Strong Demand Remains for Infrastructure, Manufacturing, Data Center ConstructionWhile overall cost escalation in Seattle has moderated relative to many U.S. markets, a recent report by Mortenson identifies the latest trends in Puget Sound construction costs.
Slatt Capital Arranges $27M Construction Loan for San Gabriel Mixed-UseSlatt Capital arranged a $26,863,000 construction bridge financing for a 136,991-square-foot multi-tenant, mixed-use development located at 300 E Valley Blvd. in San Gabriel. The non-recourse loan features a two-year interest-only term and was structured as bridge debt financing.
Regional Logistics Firm Signs Lease with Davis in TauntonThe Davis Companies secured a new lease with Downeast Global Logistics LLC, a New England regional extension of SEKO Logistics’ global supply chain network, at 530 John Hancock Rd. within the 1,000-acre Myles Standish Industrial Park in Taunton, MA.
Representative imageKarney Snags $34M Industrial Refi in Southern CaliforniaOne of Southern California’s most prominent industrial operators has refinanced a 178,454-square-foot facility in what’s referred to as the Gateway Cities.
Targo Capital Partners Buys 185 East Houston Street, Part of $81M PortfolioReal estate investment firm Targo Capital Partners has acquired 185 East Houston Street, a six-story, 31-unit apartment building on Manhattan’s Lower East Side, for $30.8 million, according to property records made public Thursday.
Representative imageNew York’s Pied-à-Terre Tax Is Bad Policy. But It Shouldn’t Stop Development Land Sales.The recently enacted pied-à-terre tax may ultimately prove to be one of the most disruptive pieces of real estate legislation New York state has passed in years.
$160M New Caney Convention Reveals Open DateNew Caney’s new 210,000-square-foot convention center is slated to open in December.
Olmstead Buys 19 West 44th Street From Savanna at a 45% HaircutSavanna has sold 19 West 44th Street for a steep loss nearly nine years after acquiring the 18-story Midtown Manhattan office building for $195 million, Commercial Observer has learned.
Porter Kyle Builders Names Industry Veteran John Rowland Vice President of ConstructionPhoenix-based Porter Kyle Builders continues to build up its Build-to-Rent homebuilding operations with the addition of CRE veteran John Rowland as Vice President of Construction.
Insights from Connect CRE LA: Finding What Works in 2026 (VIDEO)At Connect CRE Los Angeles 2026, industry leaders interviewed by Connect CRE offered varying takes on the outlook for the balance of 2026, yet a common thread through their comments was a need to zero in on what works in the current environment.
JV Closes On 1,128-Bed Texas A&M Housing DealA joint venture between PCCP and The Dinerstein Companies has acquired two adjacent student housing communities totaling 1,128 beds at 1300 Harvey Mitchell Parkway South in College Station, serving students attending Texas A&M University.
CSC Real Estate Acquires Three Medical Properties on Upper East Side for $70MCSC Real Estate, a private equity and development firm, has acquired a medical office property at 210 East 86th Street on Manhattan’s Upper East Side, Commercial Observer has learned.