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Net lease news – page 237
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2028 Olympics and Beyond: Talking with Exposition Park’s General ManagerTwo years from now, Los Angeles will host its third Olympic Games. As Connect Los Angeles 2026 attendees will learn this Thursday, the LA28 Games have broad implications for the region’s commercial real estate sector.
Centerbridge Commits to Two Floors at Rudin’s 345 Park Ave.Rudin said Tuesday that Centerbridge Partners will establish its New York City headquarters at 345 Park Ave., Rudin’s 44-story Plaza District office tower. Centerbridge will occupy 75,826 square feet across 345 Par’s entire 22nd and 23rd floors.
$46M Bridge Loan Refinances Newly Built Moreno Valley ApartmentsDwight Mortgage Trust has provided a $46-million bridge refinance for Villa Annette, a newly constructed, 220-unit garden-style apartment community in Moreno Valley. The transaction was originated by Andrew Tichy on behalf of repeat client Robert Lattanzio of Latco Enterprises.
Well-Located Bergen County Multifamily Trades for $29MCushman & Wakefield arranged the sale of 8 Tice Rd., a 52-unit multifamily property in the Bergen County borough of Franklin Lakes, NJ. The final sale price was $29,000,000.
Newly Constructed 60-Unit Property Across from UChicago Hits the MarketChicago-based multifamily brokerage firm Essex Realty Group has been engaged to market for sale 825 E. 61st Street, a newly constructed 60-unit multifamily property located directly across from the University of Chicago campus at the intersection of Hyde Park and Woodlawn.
Atlantic Capital Closes Sale of Rhode Island Power CenterAtlantic Capital Partners arranged the $20.5-million sale of Midland Commons, a power center condominium located in Warwick, RI.
Clear Height, Buligo Complete Sale of Midwest Manufacturing FacilityClear Height Properties and its investment partner, Buligo Capital Partners, announced the disposition of 10200 55th Street, a 354,000-square-foot single-tenant manufacturing and distribution facility located in Kenosha, Wisconsin.
Kolbe Completes New Multifamily Development in WisconsinKolbe Windows & Doors has completed its new multifamily, workforce-housing development, Evergreen Landing Apartments on 8th. The four-building, three-story, 44,000-square-foot residential complex brings 102 new units to Wausau, Wisconsin.
Grocery-Anchored Folsom Center 90% Pre-Leased a Year Ahead of OpeningHunter Partners announced that two new leases have pushed Alder Creek Marketplace in Folsom to 90% leased, more than a year before its planned opening in the fall of 2027. Bank of Montreal (BMO) signed a 4,500-square-foot lease.
Capstone Equities Acquires 140 Crosby Street for $51MCapstone Equities has taken ownership of a SoHo office building after moving to foreclose on it last year.
Tanger’s Justin Stein On Leveraging Data and Gnoshes to Grow a Retail PortfolioTanger is riding retail’s comeback and its own portfolio reset. The Greensboro, N.C.-based real estate investment trust owns and operates 41 open-air outlet and lifestyle centers with more than 16 million square feet and more than 3,000 stores.
Gary Barnett’s Extell Buys 165 East 56th Street for $39MGary Barnett is seemingly unstoppable in Midtown, as he’s acquired yet another property ripe for redevelopment.
Representative imageMamdani Unveils Housing Plan to Create 200K New Homes, Among Other ReformsMayor Zohran Mamdani announced Tuesday a slew of policy changes designed to build 200,000 new homes in New York City, specifically in districts with the lowest amounts of affordable housing.
Lone Star Funds Sells Open-Air Mall in Palm Beach Gardens, Fla.DLC Management and Principal Asset Management bought an open-air shopping center in Palm Beach Gardens, Fla., the joint venture announced. The sale price was likely north of $114 million.
Work Underway on $117M Plano HotelThe $117 million Japanese-inspired Miyako hotel in Plano is coming out of the ground, with the design team saying the project is on track for a fall 2027 opening. Site work began last October.
MassHousing Funds Three Boston Affordable Condo ProjectsThe City of Boston said Tuesday that three affordable homeownership projects were awarded funds through MassHousing’s CommonWealth Builder program. Terms were not disclosed.
Representative imageMedia Company Versant Expands to 250K SF at Former NY Times BuildingNew media company Versant is expanding its former “summer camp” office swing space at 229 West 43rd Street and making it permanent, Commercial Observer has learned.
Lone Star Partners with Harvest Properties to Recapitalize San Francisco’s 600 CaliforniaHarvest Properties and an affiliate of Lone Star Funds have formed a joint venture to recapitalize 600 California St., a 360,000-square-foot Class A office tower in San Francisco’s Financial District.
Mamdani Unveils Plan to Tackle NYC’s Housing CrisisMayor Zohran Kwame Mamdani on Tuesday released Block by Block: The Housing Plan for a New Era, a blueprint to tackle New York City’s housing crisis.
Bascom Pays $45.5M for Tucson Rental AssetThe Bascom Group acquired Domain 3201, a 289-unit multifamily property located in Tucson, Arizona, for $45.5 million. Investors Capital Group was the seller, paying $37.7 million for the property in 2019. Bascom plans a comprehensive renovation program on the property.