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Net lease news – page 263
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Representative imageValrock, Evergen Equity Acquire 194,255 SF Industrial Building in Von Ormy, TexasVON ORMY, TEXAS — A partnership between Valrock, a newly launched industrial investment firm, and Austin-based Evergen Equity has acquired a 194,255-square-foot building in Von Ormy, a southwestern suburb of San Antonio.
St. Pete Beach Resort Trades for $31.5MOTO Development paid $31.5 for a St. Petersburg resort that was recently renovated due to hurricane damage. The 102-key Beachcomber Beach Resort reopened Oct. 30 after a year’s worth of repairs.
Representative imageHighland Properties Negotiates 25,000 SF Industrial Lease Renewal in ArlingtonARLINGTON, TEXAS — Local brokerage firm Highland Properties has negotiated a 25,000-square-foot industrial lease renewal in Arlington.
Redfearn Lands Refi on 8-Building Jax Warehouse FacilityRedfearn Capital secured financing for an eight-building Jacksonville-area portfolio totaling $48 million. Prospect Ridge provided the financing.
Representative imageWhy Retail Shines On: ReportMost metrics are looking up, according to CBRE. The post Why Retail Shines On: Report appeared first on Commercial Property Executive.
Partnership Breaks Ground on Phase I of Affordable Housing Redevelopment Project in West PhiladelphiaPHILADELPHIA — A partnership between LMXD, which is an affiliate of New York City-based developer L+M Development Partners, MSquared and the Philadelphia Housing Authority has broken ground on the first phase of the redevelopment of Westpark Apartments.
Representative imageMarcus & Millichap Brokers $7.7M Sale of Lower Manhattan Apartment BuildingNEW YORK CITY — Marcus & Millichap has brokered the $7.7 million sale of a 15-unit apartment building in Manhattan’s Lower East Side. The newly renovated building at 259 E.
Crescent Adding to Nashville Rental Community PortfolioCrescent Communities started work on NOVEL Richland Creek, a multifamily and mixed-use community in West Nashville.
CenterCal, Perry Commercial Break Ground on Whole Foods-Anchored Retail Development Near Salt Lake CityLEHI, UTAH — CenterCal Properties, in partnership with Perry Commercial, has broken ground on The Collective at Morning Vista, a 134,000-square-foot retail development located in Lehi’s Silicon Slopes district, roughly 25 miles south of Salt Lake City.
Representative imageO,R&L Commercial Arranges $6M Sale of Industrial Building in Branford, ConnecticutBRANFORD, CONN. — Locally based brokerage firm O,R&L Commercial has arranged the $6 million sale of a 55,274-square-foot industrial building located in the southern coastal Connecticut city of Branford.
Investcor to Develop 117-Unit Seniors Housing Community Near PhoenixQUEEN CREEK, ARIZ. — Investcor has announced plans for Mojave Sage, a new luxury seniors housing community to be located in Queen Creek, roughly 40 miles southeast of Phoenix. Komo Architecture is designing the project, and KBE Building Corp. will serve as the general contractor.
Peninsula Land & Capital Buys 124,724 SF Lincoln Court Office Building in Campbell, CaliforniaCAMPBELL, CALIF. — Peninsula Land & Capital has acquired Lincoln Court, a three-story office building in Campbell, from an undisclosed seller for $24.6 million. Located at 2105 S.
Representative imageSummitTX Capital Signs 17,778 SF Office Lease in Manhattan’s Plaza DistrictNEW YORK CITY — Texas-based hedge fund operator SummitTX Capital has signed a 17,778-square-foot office lease in Manhattan’s Plaza District. The lease term is 11 years, and the space spans the entire 19th floor of the 22-story, 380,000-square-foot building at 560 Lexington Ave.
Representative imageLee & Associates Brokers $11.5M Sale of Industrial Property in Escondido, CaliforniaESCONDIDO, CALIF. — The Little Dragovic Team of Lee & Associates – North San Diego County has negotiated the sale of an industrial property located at 410, 414 and 416 Hale Ave. in Escondido.
JLL Arranges $600M Refinancing for The Diplomat Beach Resort in Hollywood, FloridaHOLLYWOOD, FLA. — JLL has arranged the $600 million refinancing of The Diplomat Beach Resort, a 1,000-room hospitality development located in the South Florida city of Hollywood near Fort Lauderdale/Hollywood International Airport.
Dwight Capital Provides $130M HUD-Insured Refinancing for North Miami Apartment CommunityNORTH MIAMI, FLA. — Dwight Capital has provided a $130 million HUD 223(f) loan for the refinancing of The Gardens Residences, a 358-unity luxury apartment building located in downtown North Miami.
Berkadia Arranges Sale of 280-Unit Apartment Community in Virginia’s Hampton Roads RegionCHESAPEAKE, VA. — Berkadia has arranged the sale of Allure at Edinburgh, a newly delivered, 280-unit apartment community located in the Hampton Roads city of Chesapeake.
Representative imageSheraton Suites Hotel Trades Near Fort LauderdaleA joint venture acquired the property from Everwood Hospitality Partners. The post Sheraton Suites Hotel Trades Near Fort Lauderdale appeared first on Commercial Property Executive.
Representative image11North Partners Pays $60M for Orlando Retail AssetBank of America issued an acquisition loan for this transaction. The post 11North Partners Pays $60M for Orlando Retail Asset appeared first on Commercial Property Executive.
Representative imageHow Global Investors Are Adjusting to DisruptionCross-border capital funds seek deals instead of retreating, as shocks become the rule rather than the exception. The post How Global Investors Are Adjusting to Disruption appeared first on Commercial Property Executive.