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Net lease news – page 276
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First Pathway, Clearwater PACE Lend $95M for Utah ResortDeveloper Charles Heath has landed a $95 million debt package to develop a wellness resort near Park City, Utah, Commercial Observer has learned.
Albion Residential Completes Construction on Luxury Apartments in PittsburghAlbion Residential has completed construction and fully opened Albion Lawrenceville, a community featuring studio, one- and two-bedroom apartments in Pittsburgh’s Upper Lawrenceville neighborhood.
46K-SF Self-Store Property in Fort Wayne Trades HandsMarcus & Millichap arranged the sale of The Storage Place, a 45,950-square-foot self-store property in Fort Wayne, Indiana.
LeFrak Buys Related Group’s New Multifamily Tower in Fort Lauderdale for $180MThe LeFrak Organization has acquired Related Group’s new waterfront rental tower in Fort Lauderdale, Fla., for $180 million, property records show.
Parkinson’s Wellness Foundation Expands to 9K SF at Resnick’s 133 East 58th StreetParkinson’s Wellness Foundation, a nonprofit that offers specialized support for people with Parkinson’s disease, has expanded its headquarters at Jack Resnick & Sons’ 133 East 58th Street by 2,256 square feet, bringing its total footprint at the Midtown office building to 9,000…
Representative imageAgentic AI’s Impact on Commercial Real Estate Goes Beyond Time SavedFive years ago, underwriting a mixed-use deal took a commercial real estate analyst more than a week.
Polar Asset Management Partners Grows to 13K SF at Rudin’s 41 Madison AvenuePolar Asset Management Partners, a Toronto-based investment services firm, has taken more office space at Rudin’s 41 Madison Avenue, Commercial Observer has learned. The global alternative asset manager has signed on for an additional 11 years at the Flatiron District building.
Representative imageNorm Ai Moves to 70K SF at Durst’s One World Trade CenterArtificial intelligence-powered legal and compliance firm Norm Ai is moving its headquarters to the Durst Organization’s One World Trade Center, Commercial Observer has learned.
Representative imageGlobal Net Lease to Acquire Modiv Industrial in $535M MergerTwo industrial real estate investment trusts (REITs) have come to a $535 million merger agreement.
CapRock Building $483K-SF Dallas-Area Warehouse FacilityCapRock Partners Management has broken ground on Clay Road Business Park in Sunnyvale, about 15 minutes east of Dallas. The project will include three buildings totaling 483,128 square feet. Vertical construction is expected to begin this summer.
HDR Engineering Relocates to 75K SF at Feil’s 7 Penn PlazaEngineering firm HDR has signed a new 74,500-square-foot lease at the Feil Organization’s 7 Penn Plaza in Midtown, the landlord announced Monday.
California’s Tejon Ranch Cashes In on Industrial TrendsWhile Los Angeles and the Inland Empire deal with rising warehouse availability, the larger industrial market is sprawling out and pushing into some of California’s alternative submarkets.
Primo Brands Commits to First Building at Taunton Industrial RedevelopmentSilver City Business Park, an industrial redevelopment of the former Silver City Galleria in Taunton, MA, has secured its first tenant.
Investor Group Acquires The Moran CityCentreMetroNational and hospitality firm Rockbridge, acquired The Moran CityCentre. Midway was the seller. The 244-room hotel features on-site offerings, including Café Moran and The Allegory Bar, featuring a terrace overlooking the central plaza.
In Commercial Real Estate Financing, Clear Shifts Mean New ApproachesRockefeller Center, a historic landmark that for decades symbolized New York City’s financial and entertainment might, provided a fitting setting April 30 for Commercial Observer’s annual spring National Finance Forum, where some of the commercial real estate’s biggest players…
Goodman Launches Leasing at 1.6M-SF Inland Empire West Logistics CampusGoodman said Monday it is now leasing Goodman Logistics Center Rancho Cucamonga, reportedly the largest contiguous logistics campus currently available in the Inland Empire West.
Newquest Buys Katy Land for Apartments, RetailNewQuest has purchased 18.5 acres from a local investor to develop a retail and residential project on the north side of Katy in Harris County.
Cleary Gottlieb Signs 10-Floor Renewal at Brookfield’s One LibertyBrookfield Properties said Monday that Cleary Gottlieb has recommitted to One Liberty for another 20 years, leasing 10 floors totaling 475,000 square feet.
Global Net Lease to Acquire Modiv Industrial in All-Stock $535M DealGlobal Net Lease, Inc. (GNL) and Modiv Industrial, Inc, announced on Monday a definitive merger agreement under which GNL will acquire Modiv in an all-stock transaction valued at an enterprise value of approximately $535 million.
NRP Group Breaks Ground on 297-Unit Affordable Housing Project in Denton, TexasDENTON, TEXAS — The NRP Group, a Cleveland-based multifamily developer, has broken ground on Arbor Ranch, a 297-unit affordable housing project in the North Texas city of Denton.