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Net lease news – page 227
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Midtown East Office Tower Headed for Foreclosure AuctionThe recent momentum of office leasing near Grand Central Terminal was not enough to save one Midtown East office tower from foreclosure.
$8,200 Rents Await Tenants of New Coral Gables Luxury ApartmentsCodina Partners is welcoming residents at the Regency Parc, a residential tower in Coral Gables Located in downtown Coral Gables, Regency Parc features 126 expansive Sky Residences, ranging from approximately 1,700 to more than 12,000 square feet.
Washington Trust Provides $47.6M in Financing for Worcester Office-to-Residential Conversion ProjectWORCESTER, MASS. — Washington Trust Co. has provided $47.6 million in financing for an office-to-residential conversion project in Worcester. The project will convert the former Fallon Community Health Plan headquarters at 10 Chestnut St.
Representative imageCresa Negotiates 249,640 SF Data Center Lease in Carlstadt, New JerseyCARLSTADT, N.J. — Cresa has negotiated a 249,640-square-foot data center lease in the Northern New Jersey community of Carlstadt. The tenant was not disclosed.
Representative imageGlory Tempering Glass Signs 77,000 SF Industrial Lease in Bristol, ConnecticutBRISTOL, CONN. — Glory Tempering Glass has signed a 77,000-square-foot industrial lease in Bristol, located southwest of Hartford.
Representative imageAudubon Underway on Redevelopment of 446-Unit Apartment Complex in Baton RougeBATON ROUGE, LA. — Atlanta-based multifamily investment firm Audubon is redeveloping Fairway View Apartments, a 446-unit complex in the Westdale Heights neighborhood of Baton Rouge.
Jefferson Apartment Group Begins Leasing 350-Unit Property in Charlotte’s Optimist Park NeighborhoodCHARLOTTE, N.C. — Regional multifamily developer Jefferson Apartment Group (JAG) has begun leasing J Optimist Park, a six-story, 350-unit apartment building located outside of downtown Charlotte in the city’s Optimist Park neighborhood.
Berkadia Brokers Sale of 294-Unit Condominium Hotel in Sunny Isles Beach, FloridaSUNNY ISLES BEACH, FLA. — Berkadia has brokered the sale of Solé Miami, A Noble House Resort, a 294-key condominium hotel located in Sunny Isles Beach, about 20 miles north of downtown Miami. The resort features beach access, a pool, fitness center and a steam room.
BGO Acquires 41,810 SF Medical Office Building in Metro TampaRIVERVIEW, FLA. — BGO, the institutional investment firm formerly known as BentallGreenOak, has acquired 6606 Simmons Loop Road, a 41,810-square-foot medical office building located in the Tampa suburb of Riverview.
C-PACE Lending Expanding in Size, Scope as Regulations AdjustNearly a decade since the commercial real estate industry’s first Commercial Property Assessed Clean Energy (C-PACE) loan securitization, the financing vehicle has experienced wide-scale growth both in the size and the scope of deals.
George Comfort & Sons Launches Capital Improvements for 44 Wall StreetGeorge Comfort & Sons, in partnership with Gaedeke Group, announced a capital improvement program for 44 Wall St., a boutique office tower in Lower Manhattan’s Financial District.
S3 Capital Provides $132M Loan for Washington Heights Student HousingS3 Capital has originated a $131.5-million refinance and construction loan to fund the development of a 28-story purpose-built student housing tower located at 465 W. 165th St. in the Washington Heights neighborhood of Manhattan.
Gale Associates Opens Rhode Island Office in ProvidenceConsulting engineering firm Gale Associates, Inc. has opened a Rhode Island office at The Foundry in Providence, a nationally recognized historic landmark and one of the city’s most distinctive commercial campuses.
Lument Closes $28M Loan for Ohio Multifamily PropertyLument closed a $28 million U.S. Department of Housing and Urban Development (HUD)/Federal Housing Administration (FHA) Section 221(d)(4) loan to assist TFG Housing Resources and Raise Up with the substantial rehabilitation of Western Horizon, a 353-unit affordable housing…
$25M Renovation Planned for Historic Jewelers Building in ChicagoClayco, together with its real estate development subsidiary, CRG, The Prime Group, Inc., and TP Management Co., unveiled plans to transform the historic Jewelers Building at 35 E. Wacker Drive.
Pebblebrook Divests West Hollywood Hotel for $43MPebblebrook Hotel Trust completed the sale of the 115-key Chamberlain West Hollywood Hotel to an undisclosed third party for $43.5 million.
New York City Housing Development Now Hinges on Certain Trends: ForumSince the election of Mayor Zohran Mamdani — and even before — much of the commercial real estate industry has been singing Florida’s praises as a low-tax haven that will prioritize business above all else, allowing developers to build, grow rich, and live without interference…
Mayor Bass: Adaptive Reuse Key to Revitalizing Downtown LAAlong with crime and homelessness, the challenge of affordability—both in rents and in development—was a key issue for Los Angeles when Mayor Karen Bass was running for election three-and-a-half ago.
Interra Realty Brokers Sale of Bucktown Mixed-Use PropertyInterra Realty brokered the $4.95 million sale of 2105 W. Caton St. in Chicago’s Bucktown neighborhood. The nine-unit mixed-use property traded for $550,000 per unit.
Wave Sports & Entertainment Signs 8K-SF Lease at Feil’s 145 West 30th StreetThe Feil Organization secured a wave of new leasing in Midtown. Santa Monica, Calif.-based digital media company Wave Sports & Entertainment has signed a long-term lease for 8,320 square feet on the entire 11th floor of 145 West 30th Street, according to the landlord.