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Net lease news – page 277
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Representative imageNewcrestImage Completes Renovation of 296-Room Hotel in DallasDALLAS — Locally based hospitality investment and management firm NewcrestImage has completed the renovation of Hotel Mockingbird, a 296-room establishment in the Highland Park area of Dallas.
Representative imageWalmart Supercenter Opens 200,000 SF Store Within Shawnee Trail in Celina, TexasCELINA, TEXAS — Walmart has opened a 200,000-square-foot Supercenter store in the North Texas city of Celina.
Representative imageOxford Partners Arranges 11,057 SF Industrial Lease in Northwest HoustonHOUSTON — Locally based brokerage firm Oxford Partners has arranged an 11,057-square-foot industrial lease in northwest Houston. According to LoopNet Inc., the building at 13805 West Road was completed in 2000 and totals 61,600 square feet.
Giarratana Nashville Apartment Tower Listed For SaleDeveloper Tony Giarratana is listing his Alcove tower, a 34-story apartment tower.at 900 Church St., on Church Street. A Newmark team led by Vince Lefler and Tarek El Gammal is marketing the property.
Office Distress Dominates Largest U.S. CMBS MarketsAcross the 50 most populous U.S. metropolitan statistical areas, CRED iQ’s proprietary loan analytics platform recorded an aggregate commercial mortgage-backed securities (CMBS) distress rate of 12.2 percent as of April.
JLL Arranges $109.5M Loan for Refinancing of Apartment Building in Edgewater, New JerseyEDGEWATER, N.J. — JLL has arranged a $109.5 million bridge loan for refinancing of a 226-unit, newly renovated apartment building in the Northern New Jersey community of Edgewater.
Olshan Properties Receives $40M Loan for Refinancing of Manhattan Office BuildingNEW YORK CITY — An affiliate of Olshan Properties has received a $40 million loan for the refinancing of 99 Hudson Street, a 183,958-square-foot office building in Manhattan’s Tribeca neighborhood.
Developer Duo Greenlit for Doral Office Condo ProjectRieber Developments and Berca Development secured full site plan approval for Park Square Doral, a 58,000 square foot mixed-use condominium office and retail community in the Doral commercial corridor.
Representative imageDavis Cos. Sells 491-Unit Self-Storage Facility in BostonBOSTON — Locally based owner-operator The Davis Cos. has sold a 491-unit self-storage facility in Boston’s Brighton neighborhood. Davis acquired the facility at 235 N.
JLL Arranges $46.3M Refinancing for Multifamily Community in Long Beach, CaliforniaLONG BEACH, CALIF. — JLL Capital Markets has arranged $46.3 million in refinancing for 200 W. Ocean, a 106-unit multifamily community in downtown Long Beach. Jeff Sause, Jacob Michael and Thomas Gonzalez of JLL represented the undisclosed borrower in the financing.
Joint Venture Breaks Ground on 369-Unit Apartment Community in Beaverton, OregonBEAVERTON, ORE. — High Street Residential, the residential subsidiary of Trammell Crow Co., along with joint venture partners SCOA Real Estate Partners and Lease Crutcher Lewis have broken ground for the development of a transit-oriented, mixed-use multifamily property in…
Representative imageBH Properties Sells Office Campus in Ontario, California to MGR Real Estate for $24.7MONTARIO, CALIF. — BH Properties has completed the disposition of Lakeview, a Class A office campus in Ontario, to MGR Real Estate for $24.7 million. Situated on a 7.8-acre site, the asset consists of two three-story buildings offering a total of 106,345 square feet, as well as 1.
Representative imageMatthews Capital Markets Secures $22.5M Acquisition Loan for Medical Office Portfolio in CaliforniaOXNARD, CALIF. — Matthews Capital Markets has secured a $22.5 million acquisition loan for a four-property medical office and regional center portfolio in Oxnard. Geoffrey Arrobio of Matthews Capital Markets handled the financing.
Representative imageFM Acquires 290,000 SF Office Building in Downtown ProvidencePROVIDENCE, R.I. — FM, a Rhode Island-based commercial property insurer, has acquired 10 Memorial Boulevard, an office building in downtown Providence. According to LoopNet Inc., the 10-story building was constructed in 2006 and totals 290,000 square feet.
Kraus-Anderson to Build $175M Breck Athletic Complex in Big Bend, WisconsinBIG BEND, WIS. — The Milwaukee office of Kraus-Anderson (KA) will build the Breck Athletic Complex, a $175 million youth sports complex located at Highway 164 and I-43 in Big Bend, just southwest of Milwaukee.
50-Room Backbeat Hotel to Open in Chicago’s Northalsted CommunityCHICAGO — A 50-room boutique hotel is planned for Chicago’s Northalsted community named Backbeat Hotel.
Representative imageWest Village Eatery L’Artusi Inks 6K SF at Rockefeller’s 1271 Avenue of the AmericasItalian restaurant L’Artusi is headed to Midtown. The popular small plates purveyor has taken up a 6,000-square-foot lease at Rockefeller Group’s 1271 Avenue of the Americas between West 50th and 51st streets, the New York Post reported.
Continuum Obtains $350M Financing for Waterfront Condo Development in South FloridaNORTH BAY VILLAGE, FLA. — Continuum Co. has obtained $350 million in construction loans for Continuum Waterfront District, a 4-acre master-planned development located along Biscayne Bay in North Bay Village.
Representative imageHavener Cos. Secures 93 KSF Fort Worth Industrial LeaseA specialty metals fabricator will occupy the historic Dr Pepper bottling facility. The post Havener Cos. Secures 93 KSF Fort Worth Industrial Lease appeared first on Commercial Property Executive.
Representative imageForbright Bank Buys Suburban DC Office BuildingThe firm had previously leased space in the tower for its headquarters. The post Forbright Bank Buys Suburban DC Office Building appeared first on Commercial Property Executive.