Net lease news – page 23

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TenantsMedicalHoag Hospital Opens $1B Expansion in IrvineSep 21, 2026Hoag on Monday announced the opening of the Hoag Hospital Irvine Sun Family Campus, a $1-billion expansion that brings specialized hospitals, outpatient facilities, advanced surgical services and nationally recognized clinical programs together on one integrated campus in Irvine.LendingWalker & Dunlop Arranges $86M Refi for Flushing Affordable QuartetSep 21, 2026Walker & Dunlop arranged an $86,443,000 Freddie Mac refinancing of a 506-unit multifamily portfolio in the Flushing neighborhood of Queens.LendingNuveen Green Capital Closes New Hampshire’s First C-PACE FinancingSep 21, 2026Nuveen Green Capital has closed on $23.2 million in C-PACE financing for the ground-up development of The Brickyard in Lebanon, NH, reportedly the first C-PACE transaction ever completed in the state of New Hampshire.DealIndustrialOxford Properties Divests Riverside Light Industrial PortfolioSep 21, 2026JLL Capital Markets arranged the sale of a light industrial portfolio comprising four assets totaling 238,473 square feet in Riverside. Senior managing director Patrick Nally, senior director Ryan Spradling and associate Shae Vomund represented the seller, Oxford Properties.DevelopmentIndustrialEli Lilly Starts Building Record $6.5B Houston Manufacturing FacilitySep 21, 2026The pharmaceutical giant's new Houston-based facility will create 600 jobs, boosting life sciences in Generation Park.LendingPrivate Lender Ascent Expands L.A. Headquarters as It Tops $3.7B in OriginationsSep 21, 2026Private real estate lender Ascent Developer Solutions is expanding its Los Angeles headquarters after passing $3.7 billion in originations just over two years after launching.DealIndustrialLee & Associates Negotiates Land Sale for Planned Industrial DevelopmentSep 21, 2026Lee & Associates has closed a $4.5 million sale transaction for four acres located at 11330 W. Melrose Avenue in Franklin Park, Illinois. Jeff Provenza, principal at Lee & Associates’ Illinois office, represented the buyer, Seefried Industrial Properties.DevelopmentWentworth Tech Breaks Ground on Residence Tower for First-Year StudentsSep 21, 2026Wentworth Institute of Technology has broken ground on the First-Year Tower, an 18-story, 240,450-square-foot residence hall that will house 972 students and bring the Boston university’s entire first-year residential class together in a single building for the first time.LendingIndustrialBREIT Lines Up $1.7B CMBS Loan For 19M SF Industrial PortfolioSep 21, 2026The loan will refinance existing debt on a 96%-leased warehouse and light industrial portfolio spanning 18 states.TenantsOfficeTwo AI Companies Ink Full-Floor Deals at 61 West 23rd StreetSep 21, 2026Artificial intelligence firms Normal Computing and Inspiren have inked full-floor office leases at 61 West 23rd Street in Manhattan’s Flatiron District.Tenants309-Unit Waterfront Community in Madison Celebrates Grand OpeningSep 21, 2026Clarion Partners, Vermilion Development, and Quartz Lake Capital recently hosted a ribbon-cutting event at the newly opened multifamily community, The Duncan, at 1625 Lock Lane in Madison, Wisconsin.Paramount, Warner Bros. Settlement Preserves CRE Commitments For First 5 YearsSep 21, 2026The settlement secures concessions for the entertainment industry nationally and paves the way for the Paramount and Warner Bros. merger.Podcast: The Risks CRE Investors Aren’t Pricing In, with Moody’s Jeffrey HavsySep 21, 2026Jeffrey Havsy is the commercial real estate industry practice lead at Moody’s Analytics, where he focuses on combining property fundamentals with economic, credit, climate, and alternative data to help lenders, investors, and operators make better decisions.DealPrincipal Asset Management Adds Drew Fung for Debt RoleSep 21, 2026Drew Fung, who led Clarion Partners’ commercial real estate debt investment group for the last 14 years, will be taking on a similar role at Principal Asset Management.Representative imageOfficeSantander Bank, Washington Capital Provide $113M Debt for Chicago Office ConversionSep 21, 2026Commonwealth Development Partners and Triangle Capital Group have secured $113 million to finance the conversion of an empty 25-story office building at 500 North Michigan Avenue into 384 mixed-income rental apartments in downtown Chicago.DealRelated Group, Tricap Sell Casa Tua-Leased Retail Condo in Miami’s WynwoodSep 21, 2026The Pérez family’s Related Group and David Edelstein’s Tricap have sold the newly completed ground-floor retail space at the NoMad Hotel-branded condo development in Miami for $33 million, property records show.Galveston County's Development Boom Needs A Welcome MatSep 21, 2026Galveston County sees major growth with investments in NASA and the Port of Galveston, attracting developers seeking welcoming municipal policies.Representative imageJeff Sutton’s Planned 340-Key Midtown Hotel Enters the Demolition PhaseSep 21, 2026A Herald Square commercial site owned by Jeff Sutton’s Wharton Properties is headed for the wrecking ball.White House Nominates Matt Jones To Top Roles At HUD, FHASep 21, 2026If confirmed, Jones would be promoted to assistant secretary at HUD and become commissioner of the Federal Housing Administration.LendingKCG Snags Financing for 260-Unit Mesquite Senior Housing CommunitySep 21, 2026KCG is moving forward on a $78.45 million senior housing community in Mesquite.