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Net lease news – page 243
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Representative imageCoda Resources Signs 244,343 SF Industrial Lease in Joliet, IllinoisJOLIET, ILL. — Coda Resources has signed a 244,343-square-foot industrial lease at 2000 S. Rowell Ave. in Joliet. The 399,930-square-foot facility was newly developed by Cabot Properties.
Northmarq Provides $13.5M Refinancing for Two Multifamily Properties in Metro Twin CitiesMAPLEWOOD, MINN. — Northmarq has provided a $13.5 million Fannie Mae DUS loan for the refinancing of Sherwood Glen and Keller Flats in Maplewood. The two garden-style multifamily properties total 165 units.
Representative imageEntre Commercial Realty Brokers Sale of 28,300 SF Industrial Building in Metro ChicagoWAUCONDA, ILL. — Entre Commercial Realty has brokered the sale of a 28,300-square-foot industrial building located at 280-290 Industrial Drive in Wauconda. The freestanding facility features a clear height of 19 feet, two exterior docks and two drive-in doors.
Partnership Receives $97M in Financing for Multifamily Adaptive Reuse Project in HarlemNEW YORK CITY — A partnership between LDG Group LLC, Infinite Horizons, L+M Development Partners and Urbane Development Group has received $97 million in financing for a multifamily adaptive reuse project in Harlem.
Southern Land Begins Leasing 177-Unit Multifamily Project in White Plains, New YorkWHITE PLAINS, N.Y. — Nashville-based developer Southern Land Co. has begun leasing Juliette, a 177-unit multifamily project located north of New York City in White Plains. Juliette offers studio, one-, two- and three-bedroom units that range in size from 626 to 1,868 square feet.
Representative imageHigh Street, Camden Advance Plans for 400-Unit Apartment Development in DurhamDURHAM, N.C. — High Street Residential (HSR) has formed a collaboration with Camden Property Trust to advance the development of a 400-unit apartment community along Hopson Road in Durham.
Representative imageIPA Brokers Sale of 157-Unit Apartment Community in Lake Charles, LouisianaLAKE CHARLES, LA. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of Cottages at Morganfield, a 157-unit multifamily property in Lake Charles.
Representative imageAvalonBay, Equity Residential Merging to Form $69B Multifamily GiantAvalonBay and Equity Residential, two of the largest multifamily owners in the U.S., are merging to form one of the country’s largest real estate companies with a total enterprise value of roughly $69 billion, the companies announced Thursday.
Equity Residential, AvalonBay to Merge for $52B Apartment REITApartment REITs Equity Residential and AvalonBay Communities, Inc. on Thursday announced a definitive agreement to combine in an all-stock merger of equals.
Representative imageState of California Secures 20K-SF Office at 1180 Avenue of the AmericasThe State of California has leased 20,000 square feet of office space at 1180 Avenue of the Americas, Commercial Observer has learned. The deal appears to mark a relocation of the California Franchise Tax Board’s Manhattan field office.
Representative imageShirley Aninias School Signs 23K-SF Lease at 30 Wall StreetThe Shirley Aninias School (SAS), a private special education program for children, has signed the largest lease to date at a Financial District office building.
Colliers Closes 208K-SF Industrial Facility Sale in OhioColliers has completed the sale of Innovation Industrial Park Building 2, a 208,000-square-foot Class A industrial facility located at 1901 Innovation Avenue in Rossford, Ohio, just south of Toledo.
Machinery Company Acquires Suburban Chicago Office, Warehouse SpaceEntre Commercial Realty completed the sale of a 28,300-square-foot industrial building located at 280-290 Industrial Drive in Wauconda, Illinois.
Law Firm Jones Jones Relocates within Financial DistrictLee & Associates NYC completed a new office lease for Jones Jones LLC at 44 Wall St. in Manhattan’s Financial District. The law firm signed a 10-year, nine-month lease for 5,311 square feet.
Chicago Commercial Real Estate Awards Event Raises $1M for Hunger ReliefMore than 800 of Chicago’s commercial real estate professionals recently gathered at The Old Post Office to celebrate the 38th Annual Chicago Commercial Real Estate Awards presented by Associated Bank. The event raised $1.1 million to support the Greater Chicago Food Depository.
Safehold Closes on Ground Leases for Affordable in Santa Clarita, Santa CruzGround lease REIT Safehold Inc. has closed on ground leases for the development of two affordable housing communities, Banana Belt Apartments at 917-923 Water St. in Santa Cruz and Creekside Commons at 27200 Sierra Hwy. in Santa Clarita.
PGIM Joint Venture Acquires Riverdale Housing from Columbia UniversityPGIM, the $1.4-trillion global investment management business of Prudential Financial, Inc., said Wednesday that the PGIM Real Estate Fund, Inc. has completed its 10th property acquisition with the purchase of The Arbor, a 127-unit housing community at 3260 Henry Hudson Pkwy.
Regence BlueCross BlueShield Signs 90K-SF Office Lease in VancouverRegence BlueCross BlueShield has signed a lease for 90,000 square feet at Terminal 1 in Vancouver. Portland-based Regence, which is part of Cambia Health Solutions, has been in downtown Vancouver since January 2024, reported the Portland Business Journal.
Rexford Launches Construction on Single-Tenant Kearny Mesa IndustrialRexford Industrial has launched construction on a new 177,551‑square‑foot Class A industrial building at 9323 Balboa Ave. in San Diego’s Kearny Mesa submarket. The project is the only industrial building currently under construction in Central San Diego, according to CBRE.
Apartments in Newark’s University Heights Secure Construction LoanCommercial mortgage brokerage Drew Capital has secured $16.25 million in construction financing toward the development of Central Pointe, a 77-unit multifamily property in the University Heights neighborhood of Newark, NJ.