Net lease news – page 226

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TenantsGreystar Opens Doors to 402-Unit Huntersville Rental CommunityJun 2, 2026Greystar has opened the remaining units of Archer Eastfield Station, a 402-unit apartment complex at 6615 Cerris Drive in Huntersville. Construction began in the fall of 2024, and the first units were delivered in February.DealOfficeSanta Clara Office and R&D Campus Trades for More Than $300MJun 2, 2026Ellis Partners and Boston-based investment manager The Baupost Group have finalized the purchase of Great America Commons, a pair of Class-A office and R&D buildings totaling approximately 635,000 square feet and located at 4555-4655 Great America Pkwy. in Santa Clara.LendingBryan McDonnell, PGIM’s Head of Global CRE Debt Origination, Notches Big NumbersJun 2, 2026Bryan McDonnell wants you to stop thinking about Prudential Global Investment Management as a life insurance company in the financing space, please. It is, in fact, one of the largest real estate asset managers in the world, thank you.DealCentersJLL Arranges $91.3M Sale of 122,167 SF Retail Center in Southern CaliforniaJun 2, 2026CARLSBAD, CALIF. — JLL Capital Markets has arranged the $91.3 million sale of The Beacon, a 122,167-square-foot neighborhood retail center located in Carlsbad, roughly 35 miles north of San Diego. Asana Partners sold the asset to 11North Partners.Representative imageDealAdvanced Real Estate Buys 126-Unit Casa La Paz Apartment Community in Rowland Heights, CaliforniaJun 2, 2026ROWLAND HEIGHTS, CALIF. — Advanced Real Estate has purchased Casa La Paz, a 126-unit multifamily property located in Rowland Heights, an unincorporated community in the San Gabriel Valley within Los Angeles County.DealOfficeCushman & Wakefield Brokers Sale of 87,030 SF Multi-Tenant Office Building in PhoenixJun 2, 2026PHOENIX — Cushman & Wakefield has arranged the sale of Fairmount Place, an 87,030-square-foot office property in Tucson. First & Center LLC sold the asset to Albuquerque SNF LLC for $11.5 million. Located at 4001 N. 3rd St., the four-story building is divided into 31 suites.DealOfficeChinatown Service Center Acquires 25,320 SF Office Building in San Gabriel, CaliforniaJun 2, 2026SAN GABRIEL, CALIF. — Chinatown Service Center, a nonprofit, has purchased an office building located at 526 W. Las Tunas Drive in San Gabriel from 211 LA for $8.2 million.TenantsEpilepsy Foundation Takes 4K SF at GFP’s 322 Eighth AvenueJun 2, 2026The Epilepsy Foundation of Metropolitan New York (EFMNY), a nonprofit advocacy organization offering services to people with epilepsy, has signed a 10-year lease for 3,818 square feet at GFP Real Estate’s 322 Eighth Avenue in Manhattan’s Chelsea neighborhood, the landlord…LendingTyko Capital Lends $870M for First Four Seasons-Branded Residential ResortJun 2, 2026Only 20 minutes from the hustle and bustle of Downtown Austin, a secluded and picturesque new community of Four Seasons luxury residences is further along its path to completion.DevelopmentOracle, OpenAI Begin Construction on Michigan Data Center CampusJun 2, 2026Related Digital, Blackstone, Oracle, OpenAI, and Walbridge recently celebrated the construction of The Barn, a multi-billion-dollar Stargate data center campus under construction in Saline Township, which is the single largest economic investment in Michigan’s history.LendingCMBS Conduit Ratings Remain Stable; Downgrades are ModeratingJun 2, 2026North American conduit CMBS rating performance remains broadly resilient, although credit divergence across vintages and rating categories has become more pronounced, Fitch Ratings said Tuesday Affirmations continued to represent the majority of rating actions, averaging 80% by…Representative imageDealDallas Mavericks Agree to Buy 104 Acres at Former Valley View Mall for New Arena, Entertainment ComplexJun 2, 2026DALLAS — The Dallas Mavericks have entered into options agreements for the potential purchase of 104 acres at the site of the former Valley View Mall on the city’s north side that could become the future home of a new basketball arena and entertainment complex, according to a…LendingOfficeESRT Offloads 250 W. 57th St. for $275MJun 2, 2026Empire State Realty Trust, Inc. (ESRT) said Tuesday it had completed the disposition of 250 W. 57th St., a 540,000-square-foot office tower for $275 million. The sale price included the buyer’s assumption of $180 million of mortgage debt.DevelopmentOfficeHALL Group to Develop 200,000 SF Office Building in FriscoJun 2, 2026FRISCO, TEXAS — HALL Group will develop a 200,000-square-foot office building at its flagship campus in Frisco, located north of Dallas, that is in the midst of a $7 billion redevelopment.LendingDwight Capital Provides $27M HUD-Insured Loan for Lubbock Multifamily ProjectJun 2, 2026LUBBOCK, TEXAS — New York City-based Dwight Capital has provided a $27 million HUD-insured loan for a 104-unit multifamily project in the West Texas city of Lubbock. The 10-building project represents Phase II of a larger development known as La Ventana at Canyon West.LendingIndustrialCenter Capital Partners Lands $150M Credit Facility From KeyBank for IOS ExpansionJun 2, 2026One of the first commercial real estate investors to embrace industrial outdoor storage is ramping up for its next push with a line of fresh capital.DealGroceryConnolly, Coro Realize Hefty Gain from Sandy Springs Retail SaleJun 2, 2026Connolly and Coro Realty Advisors sold Chastain Market for $71 million to Kite Realty Group. The Atlanta Business Chronicle reports the sellers had purchased the 121,000-square-foot center for $40.5 million in 2022. Trader Joe’s replaced Sprouts after the latter closed in 2023.LendingCentersTorrington Properties’ Newington Redevelopment Advances with TIF ApprovalJun 2, 2026Torrington Properties’ plans for Seacoast Landing, a redevelopment of the former Mall at Fox Run and Newington Park Shopping Center advanced with a vote by Newington, NH residents to approve the town’s first tax increment financing district.Representative imageDealEastern Union Arranges $5.5M Equity Investment in Metro Houston Multifamily PropertyJun 2, 2026BAYTOWN, TEXAS — Eastern Union has arranged a $5.5 million equity investment in Raintree Apartments, a 248-unit multifamily property located in the eastern Houston suburb of Baytown.TenantsBrooklyn Defender Services Signs 212K-SF Lease at Tishman Speyer’s 422 Fulton StreetJun 2, 2026An organization providing no-cost public defense in legal proceedings is relocating to Downtown Brooklyn, Commercial Observer has learned.