Net lease news – page 257

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TenantsNonprofit’s 95K-SF Lease Brings Marlborough Offices to Full OccupancyMay 13, 2026Related Beal has completed a 95,182-square-foot lease with Advocates, a nonprofit human services organization, at 251 Locke Dr. in Marlborough, MA. Related Beal has served as the property and leasing manager of 251 Locke since it was acquired by a private ownership group in 2016.Representative imageLendingOffice2 Manhattan West Lands $1.9B CMBS LoanMay 13, 2026The commercial mortgage-backed securities (CMBS) market is warming up to Manhattan’s Midtown office market in the height of spring.Representative imageStagg Group Files Plans for 68 Apartments in AstoriaMay 13, 2026Stagg Group, a Bronx-based real estate development company, has filed plans with the New York City Department of Buildings to bring a 68-unit residential tower to 29-12 Hoyt Avenue South in Astoria, Queens.Core Spaces Closes $1.6B Student Housing FundMay 13, 2026Core Spaces announced the final close of its latest flagship fund, with approximately $1.64 billion in total capital commitments from global investors. The close represents one of the largest dedicated capital raises in the student housing sector.LendingMedicalDenver Developer Lands Financing for VA Redevelopment ProjectMay 13, 2026GM Development secured $130 million in project financing, enabling the company to begin redevelopment of a historic former Veterans Affairs (VA) hospital campus into a 493-unit Class A mixed-use community in Denver, Colorado. The financing was arranged by Walker & Dunlop.LendingQSRVornado JV Refinance Meatpacking Offices for $161MMay 13, 2026Vornado Realty Trust announced that its 45.1% owned joint venture completed a $161-million refinancing of 61 Ninth Ave., a 194,000-square-foot office and retail property in the Meatpacking District, which is fully leased to Aetna and Starbucks.TenantsOfficeCybersecurity Firm Illumio Inks 120K-SF Headquarters LeaseMay 13, 2026Cybersecurity company Illumio, Inc. has signed a 120,000-square-foot headquarters lease at the Campus at Scott, a three-building, 460,000-square-foot Class A mid-rise office complex in Santa Clara.LendingKeystone Snags Refi on 166-Unit Apache Junction BTR CommunityMay 13, 2026Keystone Homes obtained $30 million in Fannie Mae cash-out financing for The Havenly Superstition, a 166-unit, horizontal, apartment/cottage-style build-to-rent (BTR) community in Apache Junction, Arizona.Survey: Institutional Real Estate Has AI Readiness ProblemMay 13, 2026By its own reckoning, institutional real estate has an artificial intelligence readiness problem.LendingElevate Development Receives $116M in Financing for Student Housing Project Near Texas State UniversityMay 13, 2026SAN MARCOS, TEXAS — Elevate Development Partners has received $116 million in acquisition and construction financing for the development of a 759-bed student housing community near Texas State University in San Marcos.Richard Kessler Promoted to First-Ever CEO of Benenson Capital PartnersMay 13, 2026Richard Kessler has been promoted to the first-ever CEO of Benenson Capital Partners, Commercial Observer has learned.OfficeRelated Ross Helming Wellington Mixed-Use VentureMay 13, 2026Related Ross announced Village Landing, a 71-acre mixed-use development in Wellington. It will bring together retail, dining, office, hospitality, and residential offerings.Representative imageDealIndustrialCanTex Capital Sells Majority Interest in 1.3 MSF Dallas-Fort Worth Industrial PortfolioMay 13, 2026DALLAS — Locally based investment firm CanTex Capital has sold its majority interest in a portfolio of 20 shallow-bay industrial properties totaling approximately 1.3 million square feet in Dallas-Fort Worth. Ther percentage and sales price were not disclosed.Representative imageLendingKennedy Funding Provides $4.4M Loan for Refinancing of Residential Development Site in Spicewood, TexasMay 13, 2026SPICEWOOD, TEXAS — Kennedy Funding, a New Jersey-based direct lender, has provided a $4.4 million loan for the refinancing of a 38.8-acre residential development site in the Central Texas city of Spicewood.Representative imageDealIndustrialColliers Brokers Sale of 69,363 SF Industrial Building in IrvingMay 13, 2026IRVING, TEXAS — Colliers has brokered the sale of a 69,363-square-foot industrial building in Irving. The site at 7815 Jetstar Drive houses Building 1 within TriStar Business Park, a master-planned development.Deal$300M Entertainment Venue Slated for ChattanoogaMay 13, 2026Venu Holding Corporation purchased a 15-acre parcel of property in Chattanooga for planned expansion into Tennessee. VENU is planning to build an amphitheater at the Bend in Chattanooga, to be named Sunset Amphitheater Chattanooga.Representative imageLendingRedfearn Lands $48M for Jacksonville PortfolioMay 13, 2026The mortgage is part of a larger financing package backed by assets in seven Florida markets. The post Redfearn Lands $48M for Jacksonville Portfolio appeared first on Commercial Property Executive.Representative imageDealGroceryKPR Sells Grocery-Anchored Power Center in Metro JacksonvilleMay 13, 2026A private investor purchased the 174,000-square-foot asset. The post KPR Sells Grocery-Anchored Power Center in Metro Jacksonville appeared first on Commercial Property Executive.Representative imageDealPartnership Agrees to Buy Church Land in Manhattan’s Upper West Side, Develop Mixed-Income ProjectMay 13, 2026NEW YORK CITY — A partnership between Rockefeller Group and Atlas Capital Group has entered into an agreement with the Roman Catholic Church of Holy Name of Jesus and Saint Gregory the Great to buy church-owned land on Manhattan’s Upper West Side, with plans to develop a…DealAriel Property Advisors Arranges $79.8M Sale of Brooklyn Affordable Housing PortfolioMay 13, 2026NEW YORK CITY — Ariel Property Advisors has arranged the $79.8 million sale of a portfolio of eight affordable housing buildings totaling 347 units in Brooklyn’s Prospect Park neighborhood.