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Net lease news – page 272
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IPA Brokers Sale of 300-Unit River Oaks Apartment Community in TucsonTUCSON, ARIZ. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of River Oaks, a 300-unit multifamily property located on Boardway Boulevard in East Tucson. Terms of the transaction were not disclosed.
JLL Arranges $26M Bridge Financing for Industrial Outdoor Storage Facility in AnaheimANAHEIM, CALIF. — JLL Capital Markets has arranged $26 million in bridge financing for a 7.75-acre industrial outdoor storage facility located at 1477 N. Jefferson St. in Anaheim.
Phoenix Commercial Advisors Negotiates Sale of 20,325 SF Pecan Plaza Shops in Queen Creek, ArizonaQUEEN CREEK, ARIZ. — Phoenix Commercial Advisors has facilitated the off-market sale of Pecan Plaza Shops, an entertainment and fitness shadow-anchored multi-tenant retail center in Queen Creek. The property sold for $13.5 million, or $656.83 per square foot.
Representative imageCleveland Browns Break Ground on New Huntington Bank FieldCLEVELAND — The Haslam Sports Group, alongside a joint venture of AECOM Hunt and Turner Construction Co. and architect HKS, have broken ground on the new Huntington Bank Field, the future home of the Cleveland Browns starting in the 2029 season.
Representative imageFeil Organization Signs 75 KSF Lease in ManhattanAn architecture and engineering firm is taking three full floors at this Midtown property. The post Feil Organization Signs 75 KSF Lease in Manhattan appeared first on Commercial Property Executive.
Representative imageTrammell Crow Inks Full-Building Portland-Area LeaseThe tenant will occupy 276,000 square feet of a speculative development. The post Trammell Crow Inks Full-Building Portland-Area Lease appeared first on Commercial Property Executive.
Representative image3 Key Risk Gaps for Developers to AvoidConstruction insurance coverage requirements don't always match what the market can deliver. The post 3 Key Risk Gaps for Developers to Avoid appeared first on Commercial Property Executive.
Representative imageKonterra JV to Break Ground on DC-Area MegaprojectThe first phase is slated for delivery this fall. The post Konterra JV to Break Ground on DC-Area Megaproject appeared first on Commercial Property Executive.
Representative imageWoodside Health Buys Research Triangle MOBSITE Centers sold the university-affiliated facility. The post Woodside Health Buys Research Triangle MOB appeared first on Commercial Property Executive.
Representative imageWhere Office Use Is Heading: The NYC BellwetherA recent survey sheds light on future office demand, both traditional and flexible. The post Where Office Use Is Heading: The NYC Bellwether appeared first on Commercial Property Executive.
Lee & Associates of IL Negotiates 41K-SF Industrial Lease in ElginLee & Associates has negotiated a new lease on a 40,873-square-foot unit at 300 Airport Road in Fox River Business Center, Elgin, Illinois.
Lee & Associates of Illinois Negotiates 41K-SF Industrial Lease in ElginLee & Associates has negotiated a new lease on a 40,873-square-foot unit at 300 Airport Road in Fox River Business Center, Elgin, Illinois.
DiamondRock Hospitality Offloads Midtown Courtyard by MarriottDiamondRock Hospitality Company has sold its leasehold interest in the 189-key Courtyard by Marriott New York Manhattan/Fifth Avenue to an undisclosed buyer for $33.0 million.
108-Unit Rockford Multifamily Property Trades for $5MSVN | Chicago Commercial facilitated the sale of Auburn Manor Apartments, a 108-unit multifamily property located at 4026–4224 Auburn Street in Rockford, Illinois. The 104,956-square-foot, 100% HAP Section 8 asset traded for $5.1 million.
1,400-Acre Riverside County Tract Comes to MarketCushman & Wakefield is marketing a 1,400-acre residential development site, centrally located within the Inland Empire.
$16M Affordable Seniors Housing Project Opens in BaltimoreEnterprise Community Development celebrated the grand opening of the newly renovated Park Heights Place, an 84-unit affordable senior housing community located at 5430 Park Heights Avenue in Baltimore City.
TopSide Marinas Expands Midwest Footprint with Iowa AcquisitionTopSide Marinas has acquired Rathbun Lake Marina, a full-service marina and resort located on Rathbun Lake in Moravia, Iowa. The acquisition strengthens TopSide’s Midwest footprint and marks its entry into the Iowa market.
Grocery-Anchored Bayside Center Secures $150M FinancingJLL Capital Markets has arranged $150 million in financing for Bay Terrace Shopping Center, a premier grocery-anchored shopping center located in the Bayside neighborhood of Queens.
Everett Approves More Than $10M in Stadium FundingThe Everett City Council recently voted to approve spending an additional $10.6 million on its downtown stadium project. The money will pay for completing the project’s design and property acquisition work on the site known as the Outdoor Event Center.
NewMark Merrill Acquires Otay Mesa Development SiteThe San Diego division of NewMark Merrill Companies, Inc. has acquired a 2.5-acre parcel located at the northeast corner of Ocean View Hills Parkway and Otay Mesa Road in the Otay Mesa neighborhood of San Diego.