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Net lease news – page 254
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Chicago/Midwest People & Company News, week of May 15, 2026Subtext announced that Mitchell Korte has been named a partner.
Vacant Former WeWork Property Sees Valuation Double to $33MA vacant Greenwich Village property formerly fully occupied by WeWork is beating the valuation odds.
TruCore Industrial Acquires Single Tenant Property in PeoriaTruCore Industrial has acquired a 71,552-square-foot, single-tenant, net-leased industrial property occupied by HD Supply, a wholly owned subsidiary of The Home Depot, located in Peoria, Illinois. The property is located just off North Allen Road and State Route 6.
Representative imageJV Snaps Up Philip Chong’s SoHo Office Building for $36M via Deed-in-LieuA joint venture has taken over a large SoHo office asset for $36 million, according to property records made public Thursday and sources familiar with the trade. The transaction involved a discounted note sale to the JV followed by a conveyance of the deed-in-lieu.
VC Firm, Ad Agency Lease Two Floors at Greystone’s 75 Spring StreetVenture capital firm Deviation Capital and global ad agency Untold Studios have absorbed 13,246 square feet on two full floors of Greystone Management’s 75 Spring Street in Manhattan’s SoHo neighborhood, Commercial Observer has learned.
Stephen Ross Pays $55M for Downtown West Palm Beach Dev Site to Build CondoStephen Ross has bought yet another development site in West Palm Beach, Fla. The billionaire’s firm, Related Ross, paid $55 million for a full block in the city’s downtown, where a residential tower is planned, property records show.
JV Making Progress on Schlumberger Office Redevelopment PlanMarket Square Cos. and Tenon Property Co. are turning the former Houston Schlumberger office campus at 1325 S. Dairy Ashford into a mixed-use project. The developer duo will spend $40 million on the project that will be branded Ashford Yard.
Avison Young Hires Christian Stanton, Libby Hodes to Lead NYC Retail LeasingAvison Young has made two new hires to help lead the brokerage’s retail leasing advisory services in New York City, the firm announced Thursday.
Davis Companies Promotes CIO Quentin Reynolds to PresidentThe Davis Companies (Davis), a Boston-based real estate investment, development and management firm,has promoted Quentin Reynolds to president and CIO.
Brookfield, Qatar Investment Authority Refi 2 Manhattan West for $1.9BBrookfield at the Qatar Investment Authority have secured a $1.9-billion refinancing for 2 Manhattan West, part of the Manhattan West mixed-use complex. The non-recourse mortgage comes with a10-year term and a coupon of 5.53%, or a 107-basis point spread.
Navy, City of Concord Agree on Transfer of Former Naval Weapons StationThe City of Concord Local Reuse Authority (LRA) has reached a financial agreement with the U.S. Navy over the price and terms of payment for the approximately 2,422 acres of property at the former Concord Naval Weapons Station.
Florida People & Companies, May 15, 2026The post Florida People & Companies, May 15, 2026 appeared first on Connect CRE.
Texas People & Companies, May 15, 2026The post Texas People & Companies, May 15, 2026 appeared first on Connect CRE.
Affinius, Axonic Provide $43M Construction Loan for Sarasota Multifamily ComplexAllen Morris Company has secured $43 million in construction financing to build the second phase of Bayside North, a seven-story, 96-unit luxury residential complex in Sarasota, Fla., Commercial Observer can first report.
HSR, MetLife Plan Eight-Story MF Development in BellevueHigh Street Residential (HSR), the residential subsidiary of Trammell Crow Company, has executed a cost-share agreement with MetLife Investment Management to advance the design of a new multifamily community located at 1200 116th Ave. NE in Bellevue, Washington.
CRE Lending Benchmarks Diverge in Q1The commercial real estate lending market is being pulled in two directions, according to a new NAIOP Research Foundation report based on data from Altus Group’s first-quarter 2026 survey of CRE borrowers and lenders.
NRP Heading Up 348-Unit Austin Affordable HousingThe NRP Group, alongside the Housing Authority of Travis County, broke ground on a new 348-unit affordable housing community in Southeast Austin. Called Sanara, all units are reserved for households earning up to 60 percent of the Area Median Income (AMI).
Milburn & Company Acquires 339-Unit Mesa Rental CommunityD.R. Horton offloaded Ascend at Longbow Highpoint, a 339-unit multifamily community in Mesa, Arizona. Millburn & Company acquired the community. CBRE’s Matt Pesch, Asher Gunter and Austin Groen represented D.R. Horton in the transaction.
Vornado, Stellar Finalize Plans to Add 976 Residential Units to Independence PlazaVornado Realty Trust and Stellar Management have finalized plans to build an additional 72-story residential tower at Independence Plaza, a three-building, 1,328-unit multifamily campus in Manhattan’s Tribeca neighborhood, according to a Wednesday filing with the New York City…
Hillwood Underway on Two Spec Industrial Buildings Totaling 769,858 SF in North Fort WorthFORT WORTH, TEXAS — Hillwood is underway on construction of two speculative industrial buildings totaling 769,858 square feet at AllianceTexas, the developer’s master-planned community in North Fort Worth.