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Net lease news – page 280
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Shopoff Realty Breaks Ground on Westminster Mall Redevelopment Project in Orange CountyWESTMINSTER, CALIF. — Shopoff Realty Investment has broken ground on Bolsa Pacific at Westminster, a mixed-use redevelopment of the vacant Westminster Mall in Orange County. Designed by AO, the project will transform the former mall into a 83.3-acre downtown destination.
PacVentures, AQUILA Buy 318,000 SF Office Complex in Northwest Austin, Plan UpgradesAUSTIN, TEXAS — A joint venture between San Diego-based investment firm PacVentures Inc. and Austin-based AQUILA Commercial has purchased The Campus at Arboretum, a five-building, 318,000-square-foot office complex in northwest Austin with plans to implement capital improvements.
Patterson Arranges Construction Loan for 165-Unit Multifamily Project in Sugar Land, TexasSUGAR LAND, TEXAS — Patterson Real Estate Advisory Group, a regional financial intermediary has arranged a construction loan for The Westermark, a 165-unit multifamily project that will be located in the southwestern Houston suburb of Sugar Land. The amount was not disclosed.
Northmarq Arranges $20M in Financing for Castle Rock Industrial at The Meadows in ColoradoCASTLE ROCK, COLO. — Northmarq has secured $20 million in permanent-fixed financing for Castle Rock Industrial at The Meadows, an industrial distribution and warehouse facility located at 3563-3593 Timber Mill Parkway in Castle Rock. The borrower is Sound Capital.
Representative imageAcademy Sports + Outdoors to Open 130,000 SF Store in Fairview, TexasFAIRVIEW, TEXAS — Academy Sports + Outdoors will open a 130,000-square-foot store in Fairview, a northeastern suburb of Dallas. The retailer will backfill a former Macy’s store at Fairview Town Center, a 921,075-square-foot power center that first opened in 2009.
Representative imageSocial Llama Events Signs 50,508 SF Industrial Lease in West DallasDALLAS — Social Llama Events has signed a 50,508-square-foot industrial lease in West Dallas. The locally based experiential event design and production company will use the entirety of the space at 4919 Woodall St. for office, storage and fabrication purposes.
Stoneweg Sells 194-Unit Apartment Community in Mesa, Arizona to Rise48 EquityMESA, ARIZ. — Stoneweg has completed the disposition of Avenue 8, a garden-style multifamily property in Mesa. Rise48 Equity acquired the asset for an undisclosed price. Brett Polachek, Chris Chanter and Brad Goff of Newmark represented the seller in the transaction.
Western Kentucky University Board Approves Gilbane’s $350M Student Campus Housing Development PlanBOWLING GREEN, KY. — The Western Kentucky University (WKU) Board of Regents has approved the “Elevate WKU” development plan with Gilbane Development Co., a global real estate development firm, to launch the first phase of a multi-year student housing initiative on the WKU campus…
Greystone Provides $28.2M Agency Acquisition Loan for Apartment Community in TuscaloosaTUSCALOOSA, ALA. — Greystone has provided a $28.2 million Freddie Mac loan to finance the purchase of Landmark Apartments, a 264-unit multifamily community located in Tuscaloosa.
JLL Arranges $16M Construction Loan for Charlotte Multifamily ProjectCHARLOTTE, N.C. — JLL Capital Markets has arranged a $16 million construction loan for Project J, an 84-unit apartment building in Charlotte’s South End neighborhood.
Representative imageYardi Executive Summit Special Report: The State of CREUpdates on the office sector, coworking and tech. The post Yardi Executive Summit Special Report: The State of CRE appeared first on Commercial Property Executive.
SRSA Negotiates $7.2M Sale of Ground-Floor Retail Condominium in New OrleansNEW ORLEANS — SRSA Real Estate has negotiated the $7.2 million sale of a ground-floor retail condominium at 1200 Poydras St. in New Orleans near the Caesars Superdome, home of the NFL’s New Orleans Saints.
TD Bank, RXR Provide $101M Construction Financing for Charlotte, N.C. DevelopmentThe Fallon Company has secured $100.5 million in construction financing to build Twelve03 at Centre South, a 329-unit multifamily complex that marks the first phase of a 16.7-acre mixed-use development in Charlotte, North Carolina.
Representative imageConstellation Acquires Site for Tampa-Area Industrial CampusThe 19-acre speculative project will begin construction this month. The post Constellation Acquires Site for Tampa-Area Industrial Campus appeared first on Commercial Property Executive.
MassHousing Provides $50M in Financing for Affordable Housing Redevelopment in Brockton, MassachusettsBROCKTON, MASS. — MassHousing has provided $50 million in financing for an affordable housing redevelopment project in Brockton, a southern suburb of Boston.
Landmark Cos. Acquires Northern New Jersey Apartment Complex for $35MPISCATAWAY, N.J. — Landmark Cos. has acquired The Grove at Piscataway, a 110-unit apartment complex in Northern New Jersey, for $35 million.
Representative imageDFW LAND Buys Columbus Mixed-Use DevelopmentA joint venture sold the office and retail portions of the campus. The post DFW LAND Buys Columbus Mixed-Use Development appeared first on Commercial Property Executive.
Representative imageCushman & Wakefield Arranges $28.2M Acquisition Loan for Industrial Portfolio in Mamaroneck, New YorkMAMARONECK, N.Y. — Cushman & Wakefield has arranged a $28.2 million acquisition loan for a portfolio of six small-bay industrial buildings in Mamaroneck, located north of New York City in Westchester County. The square footage of the portfolio was not disclosed.
Representative imageGrossman Cos. Buys 119,500 SF Healthcare Building in Westwood, MassachusettsWESTWOOD, MASS. — Locally based investment firm The Grossman Cos. has purchased a 119,500-square-foot healthcare building in Westwood, located southwest of Boston. The building at 80 Wilson Way is fully leased to Beth Israel Lahey Health Inc.
Utah Multifamily Signals Return to Rent Growth as Supply Tightens— By Patrick Bodnar of CBRE — Utah’s multifamily market remains one of the most resilient and compelling real estate environments in the country, supported by exceptional economic fundamentals and a steadily tightening development pipeline. Utah once again ranked No.