Net lease news – page 233

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OfficeATG Entertainment Expands to 19K SF at GFP’s 630 Ninth AvenueMay 28, 2026GFP Real Estate has signed three new deals at its 630 Ninth Avenue office building, also known as the Film Center Building, totaling 24,815 square feet, the landlord announced Thursday.DealIndustrialBrennan Investment Group Acquires 55K-SF Industrial Facility in Bolingbrook Via Sale-LeasebackMay 28, 2026Brennan Investment Group has acquired a 55,000-square-foot Class A industrial building located in Bolingbrook, Illinois.Representative imageNYC Property Taxes Expected to Rise as Values Inch UpwardMay 28, 2026Mayor Zohran Mamdani’s pied-à-terre tax targeting luxury second homes in New York City, which will take effect July 1, may have already had an impact on estimated tax rates for the city’s upcoming fiscal year.DevelopmentHomeless Coalition Converting Denver YMCA Space to ApartmentsMay 28, 2026The Colorado Coalition for the Homeless (CCH) is redeveloping the Downtown Denver YMCA, which closed 45,000 square feet of activity space at the end of last year.DealCentersCushman & Wakefield Arranges $55M Sale of Shopping Center in FrederickMay 28, 2026Cushman & Wakefield arranged the sale of Frederick Shopping Center, a 236,615-square-foot grocery-anchored center in Frederick, Maryland. The final sale price was $55.5 million.IndustrialFunding Program Launches to Expand Massachusetts BiomanufacturingMay 28, 2026The Healey-Driscoll Administration and the Massachusetts Life Sciences Center (MLSC) have launched BioBoost, a program intended to provide funding to expand biomanufacturing and medtech advanced manufacturing operations across Massachusetts.IndustrialNorthwind Forges Institutional Capital Partnership with ATLAS SPMay 28, 2026Northwind Group, a Manhattan-based real estate private equity firm and debt fund manager, has formed a $300-million institutional capital partnership with ATLAS SP Partners, the warehouse finance and securitized products business majority owned by Apollo funds.DealIndustrialWalmart Pays $223M for Riverside Cold-Storage FacilityMay 28, 2026Walmart Realty, a subsidiary of Walmart, has acquired a 507,000-square-foot cold storage facility located at 1001 Columbia Ave. in Riverside, for $223 million.DevelopmentOfficeSugar Land Developer Reveals Groundbreaking Date for Office-to-Hotel ConversionMay 28, 2026On June 4, SLTX Capital plans to begin working to transform the century-old Scanlan building at 405 Main St. downtown into a 140-room hotel with an accompanying restaurant and bar. The hotel will be called Canopy by Hilton Houston Downtown.DealIndustrialFormation Moving Forward on $130M McKinney Warehouse SiteMay 28, 2026Formation has closed on the purchase of 118 acres in McKinney, TX, for a future 715,000-square-foot corporate campus to be named The Gateway at Formation Park (“The Gateway”). Located at the intersection of Laud Howell Pkwy and Hwy 75, The Gateway will consist of six buildings.LendingDwight Mortgage Trust Lends $55M on Rockland County Multifamily DevelopmentMay 28, 2026Sky Equity Group has landed $55 million of construction financing to develop a mixed-use multifamily project in New York’s Rockland County, Commercial Observer has learned, Dwight Mortgage Trust closed the loan in a deal originated by Katie Goldenberg for the developer’s…LendingOfficeDwight Capital Finances $114M Multifamily HUD Loan in WisconsinMay 28, 2026Dwight Capital has closed a $114 million HUD 221(d)(4) substantial rehabilitation loan for the conversion of 100 East Wisconsin, an existing 34-story office building, into a 373-unit luxury apartment community.TenantsQSRNobu Restaurant, Residences to Debut in BellevueMay 28, 2026Luxury lifestyle brand Nobu announced it will rebrand two luxury residential towers in downtown Bellevue as Nobu Bellevue Residences, marking the first occupancy-ready Nobu-branded residential development in the United States.DevelopmentOfficeJBG Smith Begins Office-to-Residential Conversion Project in Metro D.C.May 28, 2026ARLINGTON, VA. — JBG Smith and general contractor Davis Construction have begun the conversion of 2200 Crystal Drive, an 11-story office building in Arlington spanning 315,000 square feet.DevelopmentLV Collective, Peninsula Break Ground on 922-Bed Student Housing Project in College Station, TexasMay 28, 2026COLLEGE STATION, TEXAS — A joint venture between LV Collective and Peninsula Investments has broken ground on Rambler Northgate, a 922-bed student housing project located near Texas A&M University in College Station.Portman to Bring 30,000 SF Food Hall to Savona Mill Redevelopment in CharlotteMay 28, 2026CHARLOTTE, N.C. — Portman has announced plans for Savona Food Works, a 30,000-square-foot food hall that will anchor the company’s Savona Mill adaptive reuse project in Charlotte’s West End district.DealQSRMarcus & Millichap Brokers Sale of Restaurant in Buford, Georgia Leased to WhataburgerMay 28, 2026BUFORD, GA. — The Taylor McMinn Retail Group of Marcus & Millichap has brokered the sale of a restaurant in Buford, a northeast suburb of Atlanta in Gwinnett County.Representative imageDealMarcus & Millichap Brokers Sale of 314-Unit Self-Storage Facility in HoustonMay 28, 2026HOUSTON — Marcus & Millichap has brokered the sale of HP Storage, a 314-unit self-storage facility in Houston.Representative imageDealTilman Fertitta Acquires Caesars Entertainment in Deal Valued at $17.6BMay 28, 2026Fertitta Entertainment, the multinational gaming and hospitality giant owned by billionaire Tilman Fertitta, has gone all in with its latest acquisition.Representative imageLendingNuveen Green, Lone Star PACE Provide $8M C-PACE Loan for West Houston Retail ProjectMay 28, 2026HOUSTON — Nuveen Green Capital and Lone Star PACE have provided an $8 million C-PACE (Commercial Property Assessed Clean Energy) loan for Ashford Yard, an 83,000-square-foot retail project in West Houston.