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Net lease news – page 262
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Colliers Finalizes Apartment Sale in Supply-Constrained 605 CorridorColliers closed the sale of Parc @ 5, a 104-unit garden-style apartment community located in the gateway city of North Downey. The buyer, B.A.G. Investments, Inc., acquired the asset from Parc @ 5 Downey, LLC for an undisclosed figure.
Barings Provides $58M to Refinance Newly Built Bushwick ApartmentsJLL Capital Markets arranged a $58-million refinancing for 1333 Broadway, a newly constructed mixed-use multifamily property in Brooklyn’s Bushwick neighborhood.
Daytona Beach Student Housing Investors Ink $53.7M RefiL3 Campus and Aureon Partners have obtained a $53.7 million refinancing for the OnShore apartments, a 210-unit/636-bed student housing project near the campus of Embry-Riddle Aeronautical University in Daytona Beach.
MMCC Secures Financing for El Cajon MultifamilyMarcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $3,960,000 in financing for Penny Lane apartments, a 14-unit multifamily property located at 1170 Sumner Ave. in El Cajon.
JLL Finalizes Sale of New Haven Apartment PortfolioJLL Capital Markets has secured the $20.6-million sale of Campus View & Traymore Apartments, a historic 126-unit portfolio in New Haven, CT.
Walmart to Double Size of Tucson StoreConstruction is underway on a 160,000 square feet Walmart Superstore at the southwest corner of First Avenue and Wetmore Road in Tucson. Shindico Realty and its partner, Larsen Baker, sold the property for $17 million.
CBRE Arranges Sale of MOB for MedProperties Group in Suburban ChicagoCBRE facilitated the sale of the 11 Salt Creek Medical Building, a 39,627-square-foot medical outpatient building located at 11 Salt Creek Lane in Hinsdale, Illinois. Chris Bodnar, Brannan Knott, Zack Holderman, Anthony Sardo, Cole Reethof, and Jesse Greshin of CBRE U.S.
New 7-Eleven Prototype Sets California Pricing RecordHanley Investment Group Real Estate Advisors arranged the $12.18-million sale of a newly constructed, single‑tenant 7‑Eleven convenience store, gas station and commercial fueling facility located at 3720 Ave. 17 in Madera.
Realterm Expands Midwest Presence With Chicago-Area IOS AcquisitionRealterm announced the acquisition of 9655 Industrial Drive, an industrial outdoor storage (IOS) maintenance facility in Bridgeview, Illinois, Chicago’s southwest suburban industrial corridor.
Jeremy Moss of Silverstein Properties: 5 QuestionsThe final piece of Larry Silverstein’s puzzle to rebuild the World Trade Center office campus is almost complete. Since the Sept.
Phillips Auction House Inks 23K-SF Deal at 950 Third AvenueAuctioneers Phillips Auction House has hammered out a 23,000-square-foot lease as part of two new deals signed at 950 Third Avenue in Midtown East, Commercial Observer has learned.
Empire Group Brings On SimonCRE to Oversee Carefree Retail Center VentureEmpire Group of Companies has replaced Diversified Partners with SimonCRE to complete the buildout of a proposed 120,000-square-foot retail center in Carefree. The Phoenix Business Journal reports the move was made due to an issue with delivering tenants.
Opus Hopes to Build 800K-SF Hutto Industrial ParkThe project still has a way to go befores its fully permitted, but The Opus Group is a step closer to breaking ground. on a $125 million industrial project in Hutto.
$103M Financing Supports Ontario Airport Hotel RepositioningGreenRock Capital LLC has closed on a $103-million financing for the Ontario Airport Hotel and Conference Center in Ontario. National CORE owns the property, which is being renovated and repositioned into the Hyatt Regency Ontario.
Southern Land Breaks Ground on 953,000 SF Mixed-Use Project in HoustonHOUSTON — Nashville-based developer Southern Land Co. has broken ground on a 953,000-square-foot mixed-use project in the River Oaks neighborhood of Houston.
Copley Plaza Hotel in Back Bay Designated a Boston LandmarkThe City of Boston has formally designated the Copley Plaza Hotel at 138 St. James Ave. in Back Bay as a landmark.
KeyBank Provides $54M Refi for 298-Unit Houston-Area MultifamilyRockstar Capital has secured $54 million to refinance Lakeview at Westpark, a 298-unit multifamily complex in Richmond, Texas, Commercial Observer can first report KeyBank provided the fixed-rate loan, which carries a 35-year term and an interest rate of 5.3 percent, while…
Partnership for New York City Warns of Job Losses in Higher-Tax EnvironmentThe Partnership for New York City warned in a new report Monday that proposed changes to New York’s business and tax environment could mean the loss of at least 2,778 jobs, $4.8 billion in GDP contributions and $168 million in tax contributions per year over the next five years.
Music Row Apartment Owners Score RefiKnighthead Funding in partnership with Speedwagon Capital Partners arranged a $27 million refinancing for Signature Music Row – a newly constructed 105-unit Class A multifamily property located at 1005 16th Avenue South in Nashville, Tennessee.
Weston Urban Completes 290-Unit Multifamily Project in Downtown San AntonioSAN ANTONIO — Local developer Weston Urban has completed The Continental Residences, a 290-unit multifamily project in downtown San Antonio.