Net lease news – page 245

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LendingSASB Deals Dominate U.S. CMBS with Market Expanding at Both EndsMay 20, 2026The single asset, single borrower (SASB) market continues to strengthen its dominance in U.S. CMBS, expanding in scale and scope as growing complexity demand disciplined credit selectivity, Fitch Ratings reported.LendingPeachtree Supplies $45M C-PACE Loan for Florida Senior Housing ProjectMay 20, 2026The Fellowship Family, a 48-year-old senior living operator, has secured $44.5 million of Commercial Property Assessed Clean Energy (C-PACE) debt for the development of a senior housing community in northern Florida, Commercial Observer has learned.LendingIndustrialMesa West Provides $47M Loan for Refinancing of South Austin Multifamily PropertyMay 20, 2026AUSTIN, TEXAS — Mesa West Capital has provided a $47 million loan for the refinancing of Bishop Momo, a 274-unit apartment complex in South Austin. Bishop Momo is located within the St. Elmo District, a 275-acre mixed-use redevelopment of a former industrial site.Sarasota Lands Margaritaville-Branded HotelMay 20, 2026Floridays Development is heading up a team to bring a four-story, 120-key Compass Hotel by Margaritaville to Tampa.DevelopmentPAGEWOOD Breaks Ground on Adaptive Reuse Project in Downtown HoustonMay 20, 2026HOUSTON — Local developer PAGEWOOD has broken ground on Phase I of East Blocks, an adaptive reuse project in Houston’s East Downtown neighborhood.Representative imageDealIndustrialFinial Group Negotiates Sale of Three Industrial Buildings Totaling 19,500 SF in West HoustonMay 20, 2026HOUSTON — Locally based brokerage firm Finial Group has negotiated the sale of three industrial buildings totaling 19,500 square feet in West Houston. According to LoopNet Inc., the buildings at 5727 Glenmont Drive were constructed in 1978.DevelopmentCentersPiazza Auto Group Breaks Ground on 270-Unit Multifamily Project in Ardmore, PennsylvaniaMay 20, 2026ARDMORE, PA. — An affiliate of Piazza Auto Group has broken ground on a 270-unit multifamily project in Ardmore, a northwestern suburb of Philadelphia. The Plaza at Ardmore will offer studio, one-, two- and three-bedroom floor plans.Representative imageLendingMerchants Capital Provides $26.3M in Financing for Historic Manhattan Multifamily PropertyMay 20, 2026NEW YORK CITY — Merchants Capital has provided $26.3 million in financing for the rehabilitation and conversion (to affordable seniors housing) of Three Arts Club, a 62-unit historic multifamily property on Manhattan’s Upper West Side.Representative imageTenantsOfficeMiQ Digital USA Signs 18,600 SF Office Lease Expansion in Midtown ManhattanMay 20, 2026NEW YORK CITY — MiQ Digital USA, an AI-powered advertising company, has signed an 18,600-square-foot office lease expansion at 261 Fifth Avenue, a 25-story, 450,000-square-foot building in Midtown Manhattan.DealIndustrialTranswestern Investments Sells 392,983 SF Warehouse in San BernardinoMay 20, 2026SAN BERNARDINO, CALIF. — Transwestern Investments has completed the disposition of San Bernardino I, a Class A industrial warehouse located in San Bernardino within the Inland Empire East submarket. Terms of the transaction were not disclosed.DealIndustrialBelkorp Buys Manufacturing Facility in Phoenix’s Sky Harbor Submarket for $44.1MMay 20, 2026PHOENIX — Belkorp has acquired an advanced manufacturing facility, located at 3809 E. Watkins St. in Phoenix, from an undisclosed seller for $44.1 million. Situated within the Sky Harbor Airport submarket, the 174,801-square-foot asset features 8,000 amps of power.DealIndustrialNorthPeak Commercial Advisors Arranges Sale of 5,040 SF Industrial Building in Castle Rock, ColoradoMay 20, 2026CASTLE ROCK, COLO. — NorthPeak Commercial Advisors has negotiated the sale of an industrial property located at 1810 Park St. in Castle Rock. The 5,040-square-foot asset traded for $1.3 million, or $251 per square foot.DealQSRMarcus & Millichap Brokers Sale of 2,847 SF Restaurant Property in PhoenixMay 20, 2026PHOENIX — Marcus & Millichap has brokered the sale of a single-tenant restaurant property located at 2817 N. 7th St. in Phoenix.Representative imageDealCushman & Wakefield, JLL Broker Sale of 2,043-Unit Self-Storage Portfolio in ChicagoMay 20, 2026CHICAGO — Cushman & Wakefield and JLL have brokered the sale of a two-property self-storage portfolio in Chicago. The brokerage firms represented the seller, Self Storage 1.DealIndustrialColliers Negotiates Sale of 208,000 SF Industrial Facility in Rossford, OhioMay 20, 2026ROSSFORD, OHIO — Colliers has negotiated the sale of Innovation Industrial Park Building 2, a 208,000-square-foot industrial facility in Rossford near Toledo.Representative imageDevelopmentSkender Breaks Ground on 33-Unit Affordable Housing Development in Evanston, IllinoisMay 20, 2026EVANSTON, ILL. — Skender has broken ground on Mt. Pisgah Apartments, a 33-unit affordable housing development in Evanston. The project, led by Housing Opportunity Development Corp. (HODC) in partnership with Skender, Mt.DealMedicalMarcus & Millichap Arranges $3.4M Sale of Medical Office Building in Gurnee, IllinoisMay 20, 2026GURNEE, ILL. — Marcus & Millichap has arranged the $3.4 million sale of a 10,000-square-foot medical office building leased to Aurora Health Care in Gurnee. The Class A property was built in 2005.The Plan: 212 West 72nd Street Goes Modern on Historic Upper West SideMay 20, 2026An abundance of natural light? Check. Iconic New York City views? Check. Amenities that leave little to be desired? Check.Office25 Kent Offers Companies A Cutting-Edge Office Experience Along The Williamsburg WaterfrontMay 20, 2026As creative and technology companies, especially those working with artificial intelligence (AI), have increasingly been taking larger blocks of space throughout New York City, many have found it more appealing to young talent to make their home across the East River from…TenantsOmnichannel Retailer Cozey Will Open First U.S. Store in Flatiron DistrictMay 19, 2026JLL and Retail By MONA arranged a retail lease for furniture brand Cozey to open its first permanent U.S. store at 160 Fifth Ave. in Manhattan’s Flatiron District.