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Net lease news – page 234
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Representative imageLanCarte Commercial Negotiates 50,099 SF Industrial Lease in Grand Prairie, TexasGRAND PRAIRIE, TEXAS — Locally based brokerage firm LanCarte Commercial has negotiated a 50,099-square-foot industrial lease in Grand Prairie, located roughly midway between Dallas and Fort Worth. The space is located within Suite 200 at the building at 1201 Avenue S.
Walker & Dunlop Structures $101.6M HUD-Insured Loan for Refinancing of Apartment Property in Chula VistaCHULA VISTA, CALIF. — Walker & Dunlop has arranged a $101.6 million HUD 223(f) loan to refinance Enclave Heritage Flats, an apartment community in Chula Vista. Enclave Heritage Flats features 312 one-, two- and three-bedroom apartments.
MidPen, EPACANDO Open 136-Unit Affordable Housing Community in East Palo Alto, CaliforniaEAST PALO ALTO, CALIF. — MidPen Housing and the East Palo Alto Community Alliance Neighborhood Organization (EPACANDO) have opened Colibri Commons, a 136-unit affordable housing community at 965 Weeks St. in East Palo Alto.
PSRS Arranges $27M Refinancing Loan for Retail Center in Encino, CaliforniaENCINO, CALIF. — PSRS has arranged a $27 million loan for the refinancing of a shopping center in Encino.
Gantry Secures $16M Refinancing for Kirkland Business Center in WashingtonKIRKLAND, WASH. — Gantry has secured a $16 million permanent loan for the refinancing of Kirkland Business Center, located at 11860 N.E. 112th St. in Kirkland, a suburb east of Seattle.
Representative imageGoogle Unveils $15B Infrastructure Investment in New Florence, MissouriNEW FLORENCE, MO. — Google has unveiled plans to invest $15 billion in building infrastructure in New Florence, about 75 miles west of St. Louis.
Merchants Capital Provides $99M in Debt, Tax Credit Equity for Indiana Workforce Housing CommunityFORT WAYNE, IND. — Merchants Capital has provided more than $99 million in debt and tax credit equity financing for The Elex, a 296-unit workforce housing community now leasing in Fort Wayne.
DLC, DRA Advisors Acquire 640,328 SF Shadow Lake Towne Center in Papillion, NebraskaPAPILLION, NEB. — DLC, in joint venture with a fund managed by DRA Advisors, has acquired Shadow Lake Towne Center in Papillion. The transaction marks DLC’s entry into the metro Omaha market.
Ambrose Breaks Ground on Two-Building Spec Industrial Park in Metro IndianapolisGREENWOOD, IND. — Ambrose has broken ground on Indianapolis Logistics Park – South, a 16-acre, two-building industrial park in Greenwood, a suburb directly south of Indianapolis. Building I will offer approximately 105,000 square feet, including a 2,900-square-foot office area.
Law Firm Taft Inks 17K SF at Durst’s 1155 Avenue of the Americas for First NYC OfficeNational law firm Taft has chosen the Durst Organization’s 1155 Avenue of the Americas for its first New York office.
Uncommon Developers Takes Community-Building ApproachAsked what Uncommon Developers seeks to bring about with its mixed-use and multifamily projects, co-founder Ryan Hekmat replied, “job creation.” More broadly, Hekmat told Connect CRE that the goal is to grow the local communities surrounding the projects.
Lee NYC Tapped as Leasing Agent for Retail at Seward Park CooperativeLee & Associates NYC has been selected as leasing agent for the retail portfolio at Seward Park Cooperative, one of the largest privately held residential properties in Lower Manhattan.
SL Green Sells 49% Stake in 346 Madison Avenue to Mori Building Co.SL Green Realty has sold a 49 percent stake in 346 Madison Avenue to Japanese developer Mori Building Company at a gross valuation for the office tower of $175 million, SL Green announced Wednesday.
SL Green Sells 49% Stake in East Midtown DevelopmentSL Green Realty Corp. has closed on the sale of a 49.0% joint venture interest in the development of 346 Madison Avenue to Mori Building Co., Ltd., Japan’s leading urban landscape developer, at a gross valuation of $175.0 million.
HUD Section 223(f) Loan Refinances Chula Vista MultifamilyWalker & Dunlop, Inc. arranged a $101,561,900 loan to refinance Enclave Heritage Flats, a 312-unit multifamily community in Chula Vista.
Representative imageCoastal NJ Apartments and Retail Sell in 1031 ExchangeICON Real Estate Advisors arranged the $19.35-million sale of The Pavilion, a newly constructed 46-unit multifamily building located at 165 Pavilion Ave. in Long Branch, NJ, and an adjacent retail property at 231 Third Ave.
East Lyme Apartment Complexes Land $116M Freddie Mac FinancingNewmark arranged $115.6 million in financing to refinance The Cove at Gateway Commons and Sound at Gateway Commons, both located in East Lyme, CT. Newmark Capital Markets Strategies Managing Director Avi Kozlowski secured the financing through Freddie Mac.
Bridge City Capital Provides $21M Loan for Greenpoint Dev SiteDeveloper Yossel Lichtman of Rogers Builders & Development has secured a $21 million acquisition and construction loan to finance his recent purchase of a parking lot in Greenpoint, Brooklyn, Commercial Observer has learned.
Slatt Capital Arranges Acquisition Financing for Rohnert Park Hospitality AssetsSlatt Capital arranged $12,060,000 in acquisition financing for a two-property, 200-unit hospitality portfolio in Rohnert Park. The portfolio includes the Budget Inn and the Rodeway Inn, both established hospitality assets built in 1984.
Barnes & Noble Inks 11K-SF Retail Lease for New East Village StoreBookstore chain Barnes & Noble is opening a new chapter in Manhattan’s East Village.