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Net lease news – page 251
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Cooper Group Arranges Sale of Multi-Tenant Retail Center in Washington Court House, OhioWASHINGTON COURT HOUSE, OHIO — The Cooper Commercial Investment Group has brokered the sale of Fayette Square, a multi-tenant retail center in Washington Court House, about 50 miles east of Dayton. The property is fully leased and shadow anchored by Walmart Supercenter.
Saks Global’s Fire Sale Might Help It Out of Bankruptcy — But Kill the BusinessIt wasn’t supposed to go like this. When Saks Fifth Avenue agreed in July 2024 to buy Neiman Marcus for $2.65 billion to create Saks Global, a new $7 billion luxury retail behemoth, the conventional thinking was that senior executives at the two firms — once enemies, now family…
Sunday Summary: Let’s Get Straight to the Power 100, Shall We?Last week was Commercial Observer’s biggest issue of the year: Power 100.
Realterm Acquires Hunts Point Outdoor Storage FacilityRealterm, an independent global investment manager focused on the transportation industry, completed the acquisition of 935 Garrison Ave., an industrial outdoor storage (IOS) maintenance facility in the Hunts Point submarket of The Bronx. Terms were not disclosed.
Hollywood Multifamily Sale Reaches Three-Year High in PricingColliers arranged the sale of Sophia Hollywood, a Class A, 28‑unit, 40,332‑square‑foot multifamily apartment community located at 1759 N. Gower St.
20 Times Square Loan Returns to Special ServicingA commercial mortgage-backed securities (CMBS) loan secured by a 99-year ground lease on Maefield Development’s 20 Times Square property has returned to special servicing, according to an alert from Morningstar Credit.
Chicago-Based Stotan Industrial Launches NASA Causeway Logistics Center in FloridaStotan Industrial, in partnership with CrossHarbor Capital Partners, has closed on 28.63 acres in Titusville, Florida, for the development of NASA Causeway Logistics Center, a two-building industrial project totaling 306,980 square feet.
Colliers Completes Sale of 321K-SF Kansas City Office BuildingColliers completed the sale of 2323 Grand Boulevard, a 321,000-square-foot office property located in Kansas City’s Crown Center sub-market. Senior Vice President Evan Warwick represented the owner, and Principal Bryan Johnson represented the buyer.
Ariel Arranges Sale of Gowanus Development AssemblageAriel Property Advisors arranged the sale of a premier development assemblage in the Gowanus neighborhood of Brooklyn for $15.75 million, or $273 per buildable square foot. Partner Sean R.
Verdantas Consolidates Three NJ Offices with Bridgewater LeaseAvison Young represented Verdantas, an integrated environmental science, engineering and consulting firm, in a 10,500-square-foot lease at 1044 Rte. 22 in Bridgewater, NJ. The lease covers a partial first-floor space at the Class A office property.
Quantum Space to Build New Production Facility in TulsaQuantum Space, a company that builds advanced maneuverable spacecraft for defense and commercial space operations, plans to establish a new manufacturing facility in Tulsa, Oklahoma.
DAUM Arranges Industrial Outdoor Storage Lease in RialtoDAUM Commercial Real Estate Services, completed a lease agreement for an approximately 5.18-acre industrial outdoor storage (IOS) site in the Inland Empire city of Rialto on behalf of a national construction and civil engineering company that provides safety equipment to…
Matthews Lists 120-Unit Pre-War Somerville Apartment PortfolioMatthew recently listed the Kingsley Orchard Realty (KOR) Portfolio, located at 18 Day St, 49 Dover St, and 123 Orchard St in Somerville, MA. VP Nick Jasinski has the listing for the 120-unit offering.
Half Moon Bay City Council Repeals Cap on Annual Rent IncreasesThe Half Moon Bay City Council voted recently to repeal regulations that cap annual rent increases for some older multifamily housing and require landlords to register units with the city. Approved by a vote of 3-2, the repeal of laws enacted in 2024 takes effect on June 5.
Father-Son Retail Team Michael and Brian Hirschfeld Join ColliersA father-son team of retail brokers is taking their generational expertise to Colliers’ New York City operations.
SakeBrooklyn to Open 7K-SF Brewery at Property Markets Group’s Society BrooklynA sake brewery and taproom is coming to Gowanus’ Society Brooklyn development. SakeBrooklyn has leased 6,500 square feet at 500 Degraw Street along the Gowanus Canal.
Forest Development’s Peter Baytarian: 5 QuestionsBefore Peter Baytarian built Nautilus 220, the town of Lake Park in Florida’s Palm Beach County wasn’t known as a hot spot for luxury real estate.
Hochul Pitches Lawmakers a Pied-à-Terre Tax on Homes Valued at $1M and UpGov. Kathy Hochul has submitted a proposal to Albany lawmakers to approve a structure for the proposed pied-à-terre tax on non-primary residences in New York City.
Toyota to Spend $2B on San Antonio Factory ExpansionToyota is seeking approval to build a new $2 billion manufacturing facility in Texas, expanding its U.S. production footprint. The world’s largest automaker has submitted plans to build a new manufacturing facility in Bexar County, Texas.
Adkisson to Break Ground Soon on 11-Building Houston Warehouse ProjectAdkisson Group is under contract for 25 acres in Partners Capital’s 189-acre North Houston Commerce Park. The Houston Business Journal reports that the company expects to break ground around August on 11 warehouses, ranging from 25,000 to more than 150,000 square feet.