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Net lease news – page 275
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Representative imageWebster Bank Provides $33.2M Refinancing of Industrial Property in South Windsor, ConnecticutSOUTH WINDSOR, CONN. — Webster Bank has provided a $33.2 million loan for the refinancing of a 315,000-square-foot industrial property in South Windsor, located northeast of Hartford. The distribution building at 456 Sullivan Ave.
Representative imageCrunch Fitness Opens 25,000 SF Gym in Aberdeen, New JerseyABDERDEEN, N.J. — Crunch Fitness has opened a 25,000-square-foot gym in Aberdeen, about 40 miles south of New York City. The space is located within Regent Shopping Center, a 178,000-square-foot, grocery-anchored development.
SW Florida JW Marriott Trades for $835MJLL’s Hotels & Hospitality Group arranged the $835 million sale and $690 million financing for the JW Marriott Marco Island Beach Resort, an 809-room luxury beachfront property in Southwest Florida. JLL represented the seller, Barings, in the transaction.
Representative imageIPA Capital Markets Secures $116.5M Construction Loan for Pacific Northwest Industrial PropertyLOS ANGELES — IPA Capital Markets, a division of Marcus & Millichap, has arranged $116.5 million in financing for the development of a 1.4 million-square-foot industrial property in the Pacific Northwest.
SLIB Arranges Sale of 540-Unit Seniors Housing Portfolio in ColoradoFORT COLLINS, COLO. — Senior Living Investment Brokerage (SLIB) has arranged the sale of an eight-property seniors housing portfolio located in Colorado.
Brixton Capital Buys Escondido Gateway Shopping Center in Metro San Diego for $28MESCONDIDO, CALIF. — Brixton Capital has acquired Escondido Gateway Shopping Center, an 89,252-square-foot retail center located in Escondido, approximately 30 miles northeast of downtown San Diego, for $28 million.
Representative imageLincoln Fund Reaches $280M Cornerstone CloseThe fund is investing in last-mile, multi-tenant properties across the country. The post Lincoln Fund Reaches $280M Cornerstone Close appeared first on Commercial Property Executive.
Stuart Saft Did Not Want to End Up Selling SocksHe wrote the book on real estate law … literally.
Trepp’s Lonnie Hendry Emphasizes Discipline, Patience and DataThe two-day Trepp Connect (in NYC) event gets underway Wednesday, May 6 at Rockefeller Center and runs through Thursday, May 7.
Representative imageTrinity and Sculptor Buy Oceanfront Resort on Florida’s Gulf Coast for $835MTrinity Investments and Sculptor Real Estate have closed their $835 million acquisition of an oceanfront resort along Florida’s Gulf Coast, financed with $690 million in commercial mortgage-backed securities (CMBS).
Kennedy Wilson’s Mac Bernie Sees Deal Market Become Increasingly CompetitiveAt Connect Los Angeles 2026 on May 28, attendees will glean insights from industry heavyweights on the state of the market, the 2028 Olympics, affordable housing and getting deals financed.
Sea Fire Grill Relocating to 12K-SF Restaurant Space at 216 East 49th StreetThe Sea Fire Grill is relocating within Midtown East with a massive new restaurant lease.
Representative imageWestbridge Realty Files Plans for 99-Unit Residential Building in Washington HeightsNew York-based real estate investment and development group Westbridge Realty Group has filed plans to build a 99-unit residential property at 4388 Broadway in Washington Heights, Manhattan, according to a recent filing with the New York City Department of Buildings.
Cushman & Wakefield Arranges Refi for South Bronx Class A MultifamilyCushman & Wakefield arranged a $26,350,000 loan on behalf of the JCAL Development Group to refinance The Bridgeline, a 91-unit Class A multifamily property located at 329 E. 132nd St. in the South Bronx. Webster Bank provided the two-year, fixed-rate loan.
Greenstone Partners Brokers Sale of Skokie Retail CenterGreenstone Partners arranged the sale of Gross Point Crossing, a 19,000-square-foot suburban retail center located in Skokie, Illinois, for $3.875 million.
Owner/User Acquires Corona Drive-Thru RestaurantProgressive Real Estate Partners closed the $2.45-million sale of a free-standing, single-tenant 2,230-square-foot drive-thru vacant restaurant building located at 4330 Green River Rd. in Corona.
Williamsburg Mixed-Use Secures $72M Construction LoanLorimer Capital, a commercial real estate lending platform, announced the closing of a $72-million construction loan secured by 83 Wythe Ave., a to-be-built, approximately 187,000-square-foot, 13-story mixed-use development in Williamsburg, Brooklyn.
Walker & Dunlop Arranges $55M for Ohio Mixed-Use DevelopmentWalker & Dunlop has arranged $55.16 million in total construction financing for Phase I of Belle Oaks Marketplace, a mixed-use redevelopment in Richmond Heights, Ohio.
Bellevue Approves Move to Build, Preserve 5,700 Affordable Housing UnitsTwo affordable housing developments will begin construction later this year after the Bellevue City Council approved more than $37 million in funding allocations earlier this month to expand affordable housing opportunities in the city.
Representative imageIntuit TurboTax Signs 2.5K-SF Retail Lease at One Willoughby SquareJEMB Realty‘s One Willoughby Square in Downtown Brooklyn has landed Intuit TurboTax as its newest retail tenant. The financial services company signed a long-term lease for approximately 2,500 square feet on the 35-story tower’s ground floor, according to the landlord.