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Net lease news – page 239
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IPA Brokers Sale of 269-Unit Apartment Complex in Newington, ConnecticutNEWINGTON, CONN. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of Millyard at Meadow Commons, a 269-unit apartment complex in Newington, a southern suburb of Hartford.
Dwight Capital Provides $114M HUD-Insured Loan for Office-to-Apartment Conversion in MilwaukeeMILWAUKEE — Dwight Capital has provided a $114 million HUD 221(d)(4) substantial rehabilitation loan for the conversion of 100 East Wisconsin, a 34-story office building in Milwaukee, into a 373-unit luxury apartment community.
Representative imageMissner Group Acquires 843,531 SF Industrial Portfolio in IndianaMERRILLVILLE AND WHITESTOWN, IND. — The Missner Group has acquired three Class A industrial properties totaling 843,531 square feet in Indiana. The acquisition includes a two-building, 540,986-square-foot portfolio located at 9401 and 9602 Georgia St.
Opus Breaks Ground on 80,000 SF Advanced Manufacturing Facility for ContiTech in IowaMOUNT PLEASANT, IOWA — Opus has broken ground on an advanced manufacturing facility for ContiTech, a group sector of Continental, at its existing plant in Mount Pleasant within eastern Iowa.
Representative imageStartup Balcony Secures $12.7M Seed RoundBalcony, a proptech startup looking to develop the digital infrastructure for municipal and state real estate data, announced Tuesday that it raised a $12.7 million seed round.
Roy Stillman of Stillman Development International: 5 QuestionsAs is so often the case in real estate, Roy Stillman, founder and president of Stillman Development International, first got the itch to join the industry as he grew up watching his father make his mark in the business.
Investment Firm Acquires SoHo Mixed-Use for $43MAV Management, a private New York based investment firm, completed the acquisition of 73-75 Sullivan St. in SoHo from a longtime SoHo developer for $43,333,000. Cushman & Wakefield’s Dylan Walsh and Nico Nicolaou represented the seller.
Multiverse Cantina Scum & Villainy Coming to Downtown BurbankDowntown Burbank will soon be home to an expanded Scum & Villainy Rendezvous Cantina. The new 5,300-square-foot space will be the second location for the popular immersive, multiverse fan experience bar and restaurant, joining the inaugural location in Hollywood.
Family Office Collective Teams with Delshah, A.M. Properties on Midtown Office CondoREALM, in partnership with Delshah Capital and A.M. Properties, has acquired CitySpire, a 377,000-square-foot office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown Manhattan.
Stonelake Advancing Lamar Blvd. Mixed-Use VentureStonelake is moving forward on a project that will have around 470 residences for lease, along with 10,000 square feet of food and beverage space on the project’s ground floor. The Dallas Business Journal reports that the project, at 1700 S.
Hudson Valley Property Group Expands California Presence with Elk Grove AcquisitionHudson Valley Property Group (HVPG) has acquired Mosa Apartment Homes, a 387-unit, newly constructed affordable multifamily rental community located at 10149 Bruceville Rd. in Elk Grove, for $83.6 million including the assumption of debt.
Mott Haven Affordable Project is First to Complete NYC’s New Expedited Land Use ReviewThe New York City Council approved the City’s first Expedited Land Use Review Procedure (ELURP) application for 351 Powers Ave., a plot of city-owned land in the South Bronx’s Mott Haven neighborhood that will be developed with 84 affordable homes.
UT Okays $2.9B MD Anderson ExpansionThe governing agency that runs the The University of Texas agreed on a spending measure that would allow the MD Anderson Cancer Center to move forward on a $2.9 billion expansion plan.
Santikos Boosting San Antonio Expansion PlansSantikos Entertainment is pursuing an expansion plan that could include several new theater-anchored projects across the region.
Eastern Bank Leads Financing for Wood Partners’ First Rhode Island ProjectEastern Bank led the financing of Wood Partners’ Alta Altitude housing project, a 214-unit luxury, 100% market-rate apartment development in Warwick, RI.
Consumer Cellular Leasing 123K-SF Phoenix Office BuildingConsumer Cellular’s Phoenix contingent will be moving into the 123,340-square-foot 8501 Raintree office building in north Scottsdale. The company will bring call center workers, marketing, technical, executive and administrative teams to its new office building.
ICSC 2026: Inflation, Trampoline Parks and the Fate of LuxuryAnother year is in the books. Tens of thousands of brokers and investors piled into the Las Vegas Convention Center earlier this week to talk retail at ICSC and Commercial Observer was on the ground to capture the mood.
MBK Senior Living Begins Major Renovations on Downtown Bellevue Seniors Housing PropertyMBK Senior Living announced that construction has officially begun on a comprehensive renovation of The Bellettini, a senior living community in the heart of downtown Bellevue, Washington. The transformation is expected to be completed in Summer 2026.
Dutch Investor Pays $110M For New Rental in Aventura, Fla.Dutch investor Breevest has paid $110 million for a new multifamily asset near the Aventura Mall in Florida’s Miami-Dade County, property records show.
Provident Industrial Completes 161,408 SF Project in ArlingtonARLINGTON, TEXAS — Provident Industrial, a division of locally based firm Provident, has completed A20 Logistics Center, a 161,408-square-foot project in Arlington.