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Net lease news – page 269
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Ryan Cos., Strata Equity Group Open VAYA on Axia Apartments in Chula Vista, CaliforniaCHULA VISTA, CALIF. — Ryan Cos. US and equity partner Strata Equity Group have opened VAYA on Axia, a multifamily property in the Otay Ranch submarket of Chula Vista. The 340,000-square-foot project is situated within the master-planned community of Millenia.
Lincoln Breaks Ground on Office-to-Industrial Redevelopment Near Phoenix Sky Harbor AirportTEMPE, ARIZ. — Lincoln Property Co. has broken ground on Sky Harbor Logistics, an office-to-industrial conversion project in Tempe. Located at 1515 W. 14th St., the development will bring two Class A logistics buildings to the Phoenix Sky Harbor International Airport submarket.
Representative imageGantry Secures $27M in Financing for Two Multifamily Properties in OregonTIGARD AND LAKE OSWEGO, ORE. — Gantry has secured permanent loans totaling $27 million for two stabilized apartment communities in Oregon — Main Street Village in Tigard and The Ridge at Mountain Park in Lake Oswego.
Cica-Huntek Chemical Technology Buys 25,880 SF Industrial Building in PhoenixPHOENIX — Cica-Huntek Chemical Technology USA Corp. has acquired a freestanding industrial building, located at 1654 W. Knudsen Drive in Phoenix, from AMDVI LLC for $8 million. Michael Kitlica and John Pompey of Cushman & Wakefield represented the buyer in the deal.
Representative imageLincoln Breaks Ground on Phoenix Office-to-Industrial ProjectThe 256,000-square-foot effort will consist of two nearly identical buildings sharing a truck court. The post Lincoln Breaks Ground on Phoenix Office-to-Industrial Project appeared first on Commercial Property Executive.
Representative imageMeta’s 1.6 MSF Silicon Valley Mixed-Use Campus Left in LimboThe tech giant cited changing market conditions and a shift in space requirements as reasons for the decision to halt development. The post Meta’s 1.6 MSF Silicon Valley Mixed-Use Campus Left in Limbo appeared first on Commercial Property Executive.
Representative imageHow AI and Automation Are Shaping CRE: CoreNet Global SurveyIndustry professionals weighed in on how their firms are implementing new tech into everyday tools of the trade. The post How AI and Automation Are Shaping CRE: CoreNet Global Survey appeared first on Commercial Property Executive.
Representative imageSealy & Co. Sells FedEx FacilityThe property is in one of the country's top emerging industrial markets. The post Sealy & Co. Sells FedEx Facility appeared first on Commercial Property Executive.
Representative imageBridge Logistics Buys Land for 1.5 MSF Inland Empire FacilityThe industrial project is part of a 245-acre master-planned development. The post Bridge Logistics Buys Land for 1.5 MSF Inland Empire Facility appeared first on Commercial Property Executive.
Insurance Broker Howden Inks 32K-SF Deal at Durst’s 151 West 42nd StreetGlobal insurance broker Howden has secured 31,519 square feet at the Durst Organization’s One Five One office tower in Times Square, Commercial Observer has learned. The 10-year lease takes up the building’s entire 53rd floor, according to Durst.
Representative imageSpaceX Eyes New Texas Site for $55B Manufacturing ProjectThe facility aims to produce chips for 1 terawatt of computing power annually. The post SpaceX Eyes New Texas Site for $55B Manufacturing Project appeared first on Commercial Property Executive.
Representative imageContinental Realty Buys 2 MSF Retail PortfolioThe collection consists of 14 properties across seven states. The post Continental Realty Buys 2 MSF Retail Portfolio appeared first on Commercial Property Executive.
Apartment Management Consultants Rolls Out Prisma Residential Portal Across PortfolioApartment Management Consultants (AMC) has selected and deployed Prisma Prop Tech as its primary resident portal and payments platform across its managed portfolio of apartment communities.
Alchemy Properties Plans Resi Conversion of Vacant Tribeca GarageAvison Young arranged the sale of an 8,850-square-foot site located at 60 N. Moore St. in Tribeca for $57 million.
LGT Capital Partners Takes 42K SF at 1251 Avenue of the AmericasLGT Capital Partners, a leading global specialist in alternative investing, has taken a decent chunk of office space in Midtown.
Catalfumo Lands $401M to Finish Ritz-Carlton Condos in Palm Beach GardensCatalfumo Companies has secured $401 million in bridge debt to complete its Ritz-Carlton-branded waterfront condominium project in Palm Beach Gardens, Fla.
Connect Media Expands Creative Agency Offering with Senior-Level HiresConnect Media, a privately held integrated media company and leading provider of commercial real estate news, announced Hamilton McCulloh and Elliot Golan have joined Connect Creative, a national marketing and communications agency.
Logos Faith, Sunflower Bank Close Loan for Phase One of South LA AffordableSunflower Bank and Logos Faith Development announced the closing of a construction loan of approximately $15 million for Logos’ St Rest Phase One, an affordable housing community in South Los Angeles.
Representative imageBrooklyn Heights Walgreens to Become High-Rise After $30M SaleRogers Equities has purchased 120 Court Street in Brooklyn Heights from the Sorkin family for $30 million to use as a mixed-use development site, Commercial Observer has learned.
Major League Soccer Unveils Global Headquarters at Vornado’s PENN 2Major League Soccer (MLS) on Wednesday unveiled its new global headquarters at Vornado Realty Trust’s PENN 2. The 126,000-square-foot, two-floor space establishes a central hub for league operations in Midtown Manhattan.