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Net lease news – page 26
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Iconic Jersey Shore Property Hits The Market For $85M As Redevelopment PlayThe Atlantic City landmark is on sale for $85M, offering new redevelopment opportunities in hospitality and entertainment.
Roche, Genentech Cut Ribbon on Allston Innovation CenterGenentech, a member of the Roche Group, held the grand opening of the Roche Genentech Innovation Center Boston in Allston.
Galvanize Real Estate Makes California Debut with Milpitas Industrial PortfolioGalvanize Real Estate (GRE), the real estate platform of Tom Steyer’s climate firm Galvanize, has made its first California acquisition with a deal for the Cadillac Court Industrial Portfolio, a four-building campus in Milpitas.
Fully Leased Meatpacking District Mixed-Use Refinanced for $293MWalker & Dunlop said Friday it arranged $293,200,000 to refinance 40 Tenth Ave., a 158,957-square-foot, mixed-use property in Manhattan’s Meatpacking District. Walker & Dunlop Capital Markets Institutional Advisory advised Aurora Capital and William Gottlieb Real Estate.
Asian-American Deli Café Hestia Signs 8K-SF Lease at 570 Lexington AvenueA cafe serving Asian and American cuisine is opening a fourth Manhattan location, Commercial Observer has learned.
Edgewood Capital Provides $28M Refi for Fort Lauderdale Condo ProjectLatitude Group has landed a $27.9 million loan to refinance a newly completed condominium project in Fort Lauderdale, Fla., Commercial Observer has learned.
FedEx's Consolidation Plan Puts $3B Of CMBS Debt In CrosshairsFedEx's consolidation could trouble industrial landlords with leases expiring before mortgages mature.
Decron Properties Buys 163-Unit Property in L.A.’s Miracle Mile for $114MDecron Properties has acquired a 163-unit property in Los Angeles’ Miracle Mile for $114 million as the firm’s first L.A. deal in nearly two years.
Corebridge Financial Refis Meatpacking Office Property With $293M LoanA joint venture between Aurora Capital Associates and William Gottlieb Real Estate has sealed a $293 million loan to refinance a mixed-use asset in Manhattan’s Meatpacking District, according to a release.
FBI Opens Investigation Into Multifamily Investor Lurin CapitalThe FBI is probing Lurin Capital after lawsuits claim fraud across its Sun Belt multifamily portfolio. The FBI is seeking more information from victims.
DWS Plans Liquidation Of Nontraded REIT After Heightened Redemption ActivityRREEF Property Trust met all of its July redemption requests but fulfilled only two-thirds of its June requests.
Newmark Closes 180K-SF of Leases in Spring Office ComplexNewmark announces approximately 180,000 square feet of new leasing activity at 10000 Energy Drive in Spring, Texas over the past 16 months. The leasing momentum, which includes six headquarters commitments, brings the Class AAA, 10-story office property to nearly 90% occupancy.
Stroller Brand Uppababy Relocates Store to 156 Montague Street in Brooklyn HeightsKnown for its distinctive strollers, baby gear brand Uppababy is relocating its store within Brooklyn, Commercial Observer has learned.
Bascom Buys 370-Unit, Value-Add Project Near RichardsonThe Bascom Group acquired the Jasmine Apartments, a 1980-built 370-unit workforce multifamily community located in North Dallas near the Richardson city line. The Jasmine marks Bascom’s 42nd Texas acquisition.
ECA Acquires 20-Property Texas Multifamily PortfolioElowen Capital structured and sourced $101 million in total capitalization for ECA’s acquisition of a 20-property, 1,576-unit multifamily portfolio spanning 13 cities across Texas.
Institutional and Private Equity Investors: Their Commercial Real Estate Hot TakesCommercial Observer’s annual Institutional Investor & Private Equity Forum took center stage at 237 Park Avenue in Midtown Manhattan on Sept. 16, when some of the biggest names in commercial real estate investment offered their thoughts on the state of capital markets.
Midtown Capital Pays $86M for 13 Doral Industrial AssetsKnighthead Funding provided a $63 million loan to Midtown Capital Partners to finance the acquisition of a portfolio of 13 urban-infill, small-bay industrial assets in Doral, Florida.
WareSpace Opens 174,500 SF Industrial Facility in PlanoPLANO, TEXAS — WareSpace, a a national provider of micro-bay warehouse spaces, has opened a 174,500-square-foot facility in Plano, located northeast of Dallas.
Worth & Associates Acquires 108,116 SF Office Complex in San AntonioSAN ANTONIO — Locally based owner-operator Worth & Associates has acquired The Commons at Concord Park, a 108,116-square-foot office complex in San Antonio’s Stone Oak neighborhood.
ESJ Pays Nearly $30M for Kannapolis Rental CommunityPickering & Co. Real Estate has offloaded The Bridge of Cabarrus, a 144-unit project the company built in Kannapolis in 2021. ESJ Capital Partners paid $29.5 millon for the apartment complex.