Net lease news – page 259

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RCLCO Fund Advisors Teams with Pension Fund for SFR InvestmentsMay 12, 2026RCLCO Fund Advisors (RFA), a leading real estate investment management and advisory to institutional investors, has formed a joint venture on behalf of a Top 50 domestic pension fund.REBNY Spotlights Creativity with 82nd Annual Most Ingenious Commercial Deal AwardsMay 12, 2026The Real Estate Board of New York (REBNY) brought together the industry on May 11 for the 82nd Annual Commercial Sales Most Ingenious Deal of the Year Awards. The annual event was held at Lever House in Midtown Manhattan.DealTailoredSpace Adds Solano Beach Location to San Diego FootprintMay 12, 2026TailoredSpace continues its expansion across Southern California suburbs with its latest location in Solano Beach. With this opening, TailoredSpace will now operate six coworking locations in San Diego County and 17 active locations across the SoCal region.DealIndustrialMapletree Acquires Central NJ Land for 953K-SF Logistics DevelopmentMay 12, 2026Mapletree Investments has acquired a 96.8-acre site at 370 Smithburg Rd. in Manalapan, NJ, where it plans to develop a 952,720-square-foot logistics facility. Completion is expected in the first quarter of 2028.DevelopmentGreystar, Haseko Break Ground on Mixed-Income Needham ApartmentsMay 12, 2026Greystar and Haseko North America, the U.S. subsidiary of Japan’s largest condominium construction firm, have broken ground on a 189-unit multifamily development at 100 West St. in Needham, MA.TenantsMedicalSun River Health Renews 7K-SF Medical Office at Simone’s 2510 Westchester AvenueMay 12, 2026Sun River Health, a network of medical facilities with locations around the five boroughs, has renewed its 6,704-square-foot medical office lease at 2510 Westchester Avenue in the Bronx, building owner Simone Development Companies announced Tuesday.Representative imageDevelopmentRainier Breaks Ground on $1.1B Oklahoma ProjectMay 12, 2026The district will include an arena for college sporting events, concerts and conventions. The post Rainier Breaks Ground on $1.1B Oklahoma Project appeared first on Commercial Property Executive.TenantsIndustrialSURMOUNT Facilitates $12M Net Lease Transaction of Kentucky FedEx Ground FacilityMay 12, 2026SURMOUNT, a net lease real estate advisory and investment platform, arranged the sale of an 82,754-square-foot FedEx Ground distribution facility located at 2500 Eich Road in Paducah, Kentucky.OfficeBH Unveils New Facade, New Name for Fisherman’s Wharf Mixed-UseMay 12, 2026BH Properties, a vertically integrated real estate investment firm with a regional office in San Francisco, has completed a multimillion-dollar capital improvement program at Anchorage Square, its 153,000-square-foot mixed-use complex along Fisherman’s Wharf.TenantsOfficeKTGY Opens New Chicago Office at 225 W Randolph BuildingMay 12, 2026National interiors, architecture and branding firm KTGY announced the opening of its new Chicago office, combining its two Chicago-based architecture and interior design studios into one space within the historic Chicago landmark, The 225 W Randolph Building.DealInterra Realty Brokers Sales of Two Chicago-Area Multifamily PropertiesMay 12, 2026Interra Realty facilitated the sale of two multifamily buildings in the northwest Chicago area, totaling $2.98 million. The six-unit 2337 John Rolfe Drive in Schaumburg, Illinois, sold for $1.08 million, while the 12-unit 8755 W. Foster Ave.Representative imageDealIndustrialArtist Romero Britto to Expand Compound in Miami’s Little RiverMay 12, 2026Romero Britto has expanded his art studio in Miami’s Little River neighborhood. The Brazilian artist and sculptor paid $5.2 million for a 57,187-square-foot industrial building, according to Jason Zarco of the Percal Zarco Group, who represented the buyer.DealIndustrialRealterm Acquires Bronx IOS Site at 935 Garrison AvenueMay 12, 2026Realterm, a global investment manager that focuses on the transportation industry, has announced the acquisition of 935 Garrison Avenue, a 1-acre industrial outdoor storage (IOS) site in the Bronx’s Hunts Point neighborhood.Representative imageMamdani, Hochul Close Municipal Budget Gaps ‘Completely’ With Albany FundingMay 12, 2026Mayor Zohran Mamdani released the city’s fiscal year 2027 budget on Tuesday, which got a major boost from the state to close its impending deficits. Up to $8 billion will be provided by Gov.Savills’ Geoffrey Newman Wins REBNY’s 2025 Commercial Sales AwardMay 12, 2026The Real Estate Board of New York (REBNY) held its 82nd annual commercial sales awards for the “Most Ingenious Deal of the Year” on Monday night, with Savills’ Geoffrey Newman winning the top spot.In Dallas-Fort Worth, the CRE Recovery Will Be UnevenMay 12, 2026Dallas-Fort Worth’s commercial real estate recovery is poised to be Texas-sized. As DFW remains one of the best-positioned U.S.Representative imageDevelopmentU.S. Multifamily Construction Starts Drop to Lowest Level Since 2011: ReportMay 12, 2026U.S. multifamily construction starts during the first quarter of 2026 reached the lowest quarterly level since 2011, according to a new report from CoStar Group and Apartments.com.TenantsOfficeVanguarde Digital Signs 4K-SF Office Lease at GFP’s 333 West 39th StreetMay 12, 2026Vanguarde Digital, an artificial intelligence-focused technology company, has signed a three-year, 4,410-square-foot lease across the entire 14th floor of 333 West 39th Street, landlord GFP Real Estate announced Tuesday.Representative imageTenantsSimon Property Group Reports $1.7B in Q1 Revenue as Earnings Surpass EstimatesMay 12, 2026Mall behemoth Simon Property Group started 2026 strong, remaining profitable with increased revenue and beating Wall Street’s expectations.IndustrialSEG Solar Investing $200M in Houston Plant ExpansionMay 12, 2026SEG Solar will establish a new 4-gigawatt (GW) solar manufacturing facility in Houston. Building on its first 2 GW solar module factory, this expansion will increase SEG’s total annual U.S. module production capacity to approximately 6 GW.