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Net lease news – page 249
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Report: Chicago Office Market Remains Steady as Inventory DeclinesChicago’s suburban office market remained largely unchanged during the first quarter of 2026, according to a recent report from Transwestern.
CJ Park Acquires West Sacramento Neighborhood CenterHarbor Central, a neighborhood shopping center in West Sacramento, California, has sold for $6.2 million. A subsidiary of CJ Park & Associates acquired Harbor Central from Harbor Corners LLC. Randy Getz and Rick Martinez of CBRE in Sacramento represented the seller.
Representative imageGigi Hadid’s Guest in Residence Brand Leases Second NYC Store at 1061 Madison AvenueGuest in Residence, supermodel Gigi Hadid’s luxury cashmere knitwear brand, has leased a 3,550-square-foot retail space at 1061 Madison Avenue on Manhattan’s Upper East Side, Commercial Observer has learned.
Marcus & Millichap Completes 20-Townhome Portfolio Deal in WisconsinMarcus & Millichap closed the sale of a 20-townhome portfolio in New Richmond, Wisconsin, for $4.6 million. The portfolio consists of 20 townhomes on Norway Pine Circle. Built in 2016, all units are three-bedroom, two-bathroom homes.
Brown Commercial Secures Lease for Developer Cratos IndustrialIllinois Tool Works (ITW) has moved into a 60,050-square-foot industrial space at Blue Heron Business Park. The property is located at 2305-2325 Kenyon Road in Bartlett, Illinois, close to major regional thoroughfares and O’Hare’s strong industrial market.
New TSCG President Nichole Popovics on What to Expect at ICSCNichole Popovics, the freshly minted president of retail-focused real estate brokerage TSCG, got off the plane at Las Vegas’ Harry Reid International Airport at 8:30 a.m.
Tech Firm Profound Inks 30K-SF Deal at GFP’s 5-9 Union Square WestMarketing intelligence platform Profound has leased 30,000 square feet at GFP Real Estate’s 5-9 Union Square West, Commercial Observer has learned. The lease spans two full floors of the eight-story building, according to tenant broker Buchbinder & Warren Realty Group.
Accounting Firm Prosperity Partners Signs 24K-SF Lease at 575 Madison AvenueAn accounting and business consulting firm is relocating its offices to Midtown’s 575 Madison Avenue.
MAG Partners Hires Andrew Staniforth as Co-Head of DevelopmentMaryAnne Gilmartin’s MAG Partners has hired Andrew Staniforth as co-head of development, Commercial Observer has learned.
Industrial Realty Group, Sachem Capital Merge to Form $3.4B Industrial REITOne of the largest private owners of U.S. industrial real estate is merging with a public mortgage trust.
Representative imageFirst LIRR Strike Since 1994 Hits NYC CRE IndustryThe first Long Island Rail Road (LIRR) strike in more than 30 years has added a new obstacle for a New York City commercial real estate industry that has faced a series of challenges in recent years, forcing many to work from home.
Law Firm Fox Rothschild Moving to Another Related Ross Building in West PalmLaw firm Fox Rothschild will relocate from one Related Ross-owned office building to another in Downtown West Palm Beach, Fla. The firm signed a 17,250-square-foot lease at the 15 CityPlace office development, which remains under construction, according to Related Ross.
Bristol Myers Squibb Eyeing Generation Park for Manufacturing PlantBristol Myers Squibb (BMS) is weighing building a $1 billion manufacturing facility in Houston that would employ nearly 500 people. If BMS carries out its plans, if would join other big pharma company, Eli Lilly, which has plans to build a $6.5 billion plant in Generation Park.
Representative imageDesigner Daniel Romualdez Moves to 6K SF at Joseph P. Day’s 10 East 40th StreetInterior architect and designer Daniel Romualdez is taking his renowned firm to Midtown’s Mercantile Building.
Dollar Tree Opens 1.2M-SF W. Phoenix Distribution CenterDollar Tree’s 1.2-million-square-foot facility will soon start shipping merchandise to about 700 Dollar Tree stores in Arizona, Colorado, Nevada, New Mexico and Utah.
Representative imageSouthern Land Company Launches Mortgage DivisionForty years after its founding as a Tennessee developer, Southern Land Company is writing a new chapter.
Gradiant Closes on Series E Financing to Drive Advanced Water SolutionsBsoton-based Gradiant on Monday announced the close of Series E financing, valuing the company at $2 billion. The financing was led by Safar Partners and Hostplus Superannuation Fund, with participation from ClearVision Ventures and other global investors.
San Jose’s Bank of Italy Building Set for Residential ConversionCushman & Wakefield arranged $74.1 million in financing on behalf of the Silicon Valley Initiative Partnership for the conversion of the historic Bank of Italy building at 12 S. 1st St. in downtown San Jose. Deutsche Bank provided the financing.
Seminole County Greenlights $160M Recreation CenterSeminole County voted to move forward with a proposed regional indoor sports complex near the Boombah Sports Complex and Orlando Sanford International Airport.
BD Hotels Sells Chambers Hotel to Canadian Investment Firm for $66.2MRichard Born’s BD Hotels has sold the shuttered Chambers Hotel Central Park South, according to property records made public Monday. Toronto-based investment firm Hennick & Company bought the 16-story property at 13-15 West 56th Street in Midtown for $66.2 million, records show.