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Net lease news – page 246
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Benchmark Buys Upper West Side Apartment Building From Heller for $42MBenchmark Real Estate Group is taking a prewar apartment building on Manhattan’s Upper West Side off the Heller Organization’s hands.
Berkadia Lines Up Construction Loan for Seachange PartnersBerkadia arranged $15.6 million in non-recourse construction financing for two affordable housing projects in Los Angeles.
Ally Bridge Relocates U.S. Headquarters to Rudin’s 560 LexingtonRudin said Tuesday it secured a new office lease with Ally Bridge Group at 560 Lexington, its 22-story, 380,000-square-foot office tower in the Plaza District.
AI Marketing Platform Hightouch Takes 18K SF at 275 Seventh AvenueHightouch, a data and artificial intelligence agent platform for marketing, has relocated to 275 Seventh Avenue in Midtown South. The San Francisco-based firm’s new 18,000-square-foot lease takes over the entire 21st floor of the 28-story Chelsea office building.
Cleveland Unveils 350-Acre Industrial Redevelopment ProjectThe City of Cleveland announced The Midline, a 350-plus acre redevelopment project that will convert long-vacant industrial land on the city’s near east side into a connected employment district, withnew trails, parks and transit access.
Gould Property Co., Konterra Realty Break Ground on 400-Acre MD ProjectKonterra Realty, the real estate arm of Gould Property Co., recently broke ground on the first phase of the Konterra Town Center East project in Prince George’s County.
Talonvest Secures Refi for Five-Property Self-Storage PortfolioTalonvest Capital, Inc. arranged a $40.2-million refinance loan for a five-property self-storage portfolio on behalf of longstanding client William Warren Group, a privately held self-storage investment and management firm.
Representative imageArixa Capital Lends $28M on Hawaii Build-for-Sale Luxury HomesAloah! West Point Investment Corporation has secured $27.6 million of construction financing to build a single-family home development within theMauna Kea Resort on Hawaii’s Big Island.
Fire Protection Manufacturer Signs Long-Term Rockland County LeaseLincoln Equities Group (LEG) signed a 44,000-square-foot, long-term lease at Lincoln Logistics Rockland with Reliable Sprinkler, a national manufacturer and distributor of fire protection products that was looking to expand its local base.
Quarterra, MacNaughton Advance Construction on 796-Unit Seattle MF ProjectQuarterra and the firm’s co-general partner, MacNaughton, announced the rapid advancement of vertical construction at their newest Seattle community. The 796-unit luxury mid-rise property will feature more than 25,000 square feet of retail space.
128 CRE’S Tyler Capecci Earns SIOR DesignationTyler Capecci, SIOR, VP at 128 CRE in Newton, MA, recently became a member of the Society of Industrial and Office Realtors as an Office Specialist. Capecci is now one of just 3,300 SIOR Designees worldwide.
Sutter Health, Santa Clara University Partner on New Medical SchoolVenture capitalist Mark Stevens and his wife Mary have gifted $175 million to help pay for the construction and establishment of a medical school at Santa Clara University.
Harbor Associates-Led Venture Buys SoCal Industrial Park for $81MA small-bay industrial campus in Southern California has traded hands for about $289 a square foot as smaller warehouse properties outperform larger assets in the top logistics and manufacturing market in the U.S.
Robotics Firms Möbius, Alquist Ink 10K SF of New Leases at Brooklyn’s Industry CityTwo robotics firms are moving their programming to Industry City in Brooklyn’s Sunset Park neighborhood.
Broadway Theater Owner Shubert Organization Takes 14K SF at GFP’s 520 Eighth AvenueThe Shubert Organization, the largest owner of Broadway theaters in New York City, is taking center stage at 520 Eighth Avenue in Midtown.
Carmel Partners Seals Acquisition of UWS Multifamily Portfolio Minority StakeCarmel Partners has officially closed on its acquisition of a 49 percent stake in a five-building multifamily portfolio on the Upper West Side, Commercial Observer has learned. The firm purchased the stake from MetLife.
Representative imageNorth American Development Group Lands $106M to Build Boca Raton RentalNorth American Development Group (NADG) scored a $105.5 million construction loan for a multifamily development in Boca Raton, Fla., property records show. U.S. Bank, acting as administrative agent for a group of lenders, provided the financing for the 294-unit Nuvo Midtown Boca.
Representative imageU.K. Collectibles Brand House of Spells to Open in 20K SF at 234 West 42nd StreetThe British are invading Times Square with a roughly 20,000-square-foot lease for the first U.S. outpost of collectibles brand House of Spells, Commercial Observer has learned. House of Spells, a U.K.
Representative imageHudson Bay Capital Provides $129M to Develop Luxury Apartments in HoustonOne of the most exclusive neighborhoods in Houston is getting some new luxury apartments.
KKR Provides $80M Refi on Pittsburgh ApartmentsCorebridge Real Estate Investors has landed an $80 million loan to refinance a multifamily property in Pittsburgh, Commercial Observer has learned, KKR supplied the floating-rate, interest-only loan for Corebridge’s 377-unit Brewers Block apartment complex in Pittsburgh’s…