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Net lease news – page 286
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Marcus & Millichap Arranges Sale of 12,196 SF Mixed-Use Building in San DiegoSAN DIEGO — Marcus & Millichap has arranged the sale of La Mesa Mixed-Use, a mixed-use property in San Diego. Ross Sanchez and Nick Totah of Marcus & Millichap represented the seller and buyer in the deal.
Progressive Real Estate Partners Brokers Sale of 11,720 SF Retail Center in Pomona, CaliforniaPOMONA, CALIF. — Progressive Real Estate Partners has negotiated the sale of Valley Plaza, a multi-tenant retail property located at 2407 Valley Blvd. in Pomona. A private investor acquired the asset for $2.6 million from a private investor.
YS Developers Buys RXR’s 47 Hall Street at $40M DiscountBrooklyn-based real estate development and general contracting firm YS Developers has scooped up a former industrial and office property in Clinton Hill, Brooklyn, at a $40 million discount from Scott Rechler’s RXR, Commercial Observer has learned.
Representative imageWalker & Dunlop Provides $60.2M Agency Loan for Apartment Community in Brandon, FloridaBRANDON, FLA. — Walker & Dunlop has provided a $60.2 million Freddie Mac loan for 2211 Grand Isle Apartment Homes, a 390-unit, garden-style apartment community located at 2211 Grand Isle Drive in Brandon, a southeastern suburb of Tampa.
Representative imageHOK Acquires Detroit-Based Architecture Firm RossettiDETROIT — HOK has acquired Rossetti, a Detroit-based architecture firm known for its sports venue design and renovation work. HOK says the merger strengthens its position as one of the world’s leading sports, recreation and entertainment design practices.
McHugh Construction, Powers & Sons Break Ground on 12-Story Affordable Housing Project in ChicagoCHICAGO — McHugh Construction and joint venture partner Powers & Sons Construction, along with The Community Builders (TCB), have broken ground on Southbridge 1C, the latest phase in the redevelopment of the former Harold Ickes Homes at 2305 S. State St. in Chicago’s South Loop.
Matan Breaks Ground on 250,000 SF Spec Industrial Facility in Stafford, VirginiaSTAFFORD, VA. — Matan Cos. has broken ground on a 250,000-square-foot industrial facility located at the Courthouse Road interchange off I-95 in Stafford, about 44 miles south of Washington, D.C. The spec facility is the first property within Matan’s Venture Industrial park.
Representative imageLument Provides $21.2M HUD-Insured Loan for Refinancing of Nebraska Senior Living CommunityLINCOLN, NEB. — Lument has provided a $21.2 million HUD/FHA Section 232/223(f) Express Lane loan for the refinancing of Pemberly Place Senior Living, a seniors housing community in Lincoln with 120 units and a licensed capacity for 132.
Missner Group Purchases 58,236 SF Industrial Building in Aurora, IllinoisAURORA, ILL. — The Missner Group has acquired 657 Wolverine Drive, a 58,236-square-foot industrial building in Aurora. Located on 5.5 acres, the multi-tenant property features a clear height of 18 feet, multiple drive-in doors and loading docks, heavy power and ample parking.
Representative imageNewmark Arranges 40,124 SF Office Lease at 1375 Peachtree in Midtown AtlantaATLANTA — Newmark has arranged a 40,124-square-foot office lease at 1375 Peachtree, a seven-story, 412,000-square-foot office building in Midtown Atlanta. The tenant, Drew Eckl & Farnham, will move into its new space on the sixth floor this December.
The Plan: 1540 Broadway’s New Amenity Spaces Highlight Wellness and CalmTimes Square is arguably the prime example of the hustle and bustle that defines New York City. It’s loud and it’s stressful, two things you don’t need to experience on your way to work.
WX Announces the 2026 Woman of the Year Honoree: Nancy LashineWX New York Women Executives in Real Estate (WX) is proud to announce that its 2026 Woman of the Year Gala will honor Nancy Lashine, CEO and founder of Park Madison Partners and a widely respected leader in real estate capital markets. The gala will take place on Thursday, Oct.
University Acquires Downtown Pomona’s Armstrong BuildingProgressive Real Estate Partners recently closed the $2.98-million sale of The Armstong Building, an iconic, 27,980-square-foot mixed-use building located at 150 -196 E. Third St. and 345 S. Locust St. in Pomona, to Western University of Health Sciences.
Hyundai Taps SL Green for Leasing, Management of Boutique Tribeca OfficesSL Green Realty Corp. has secured the asset management assignment to launch the leasing of 15 Laight St., a 109,000-square-foot, newly constructed boutique office building in Tribeca owned by the Hyundai Motor Group (HMG).
Private Investor Divests San Diego Mixed-Use After Decades of OwnershipMarcus & Millichap finalized the sale of La Mesa Mixed-Use, a 12,196-square foot mixed-use property located in San Diego. The asset sold for $2,300,000.
Vornado Taking 49% Stake in Fisher Brothers’ Park Avenue PlazaVornado Realty Trust said Tuesday it has agreed to purchase a 49% interest in Park Avenue Plaza from Closer Properties at a gross asset valuation of $1.1 billion, a significant discount to replacement cost.
Argo Acquires Nyack Apartments with Hudson River FrontageArgo Real Estate has acquired West Shore Towers, a 164-unit waterfront community located at 101 Gedney St. in Nyack, NY.
Nashua Retail Trades After 20-Year Hold and Two Years on MarketMatthews recently facilitated the sale of a retail property located at 166 Daniel Webster Hwy. in Nashua, NH. First VP and associate director Daniel Gonzalez and associate Nikolai Novak represented the buyer in the $8,800,000 transaction.
Representative imageMultifamily Giant AvalonBay Credits Healthy Q1 to National TrendsMultifamily giant AvalonBay beat analysts’ expectations in the first quarter of 2026 regarding a key profitability metric, crediting strong tailwinds from both the asset class and the wider financial reality on the ground for the nation’s renters.
Vornado Buying 49% Stake in Fisher Brothers’ Park Avenue PlazaVornado Realty Trust is acquiring Zhang Xin’s 49 percent stake in Park Avenue Plaza, sources familiar with the transaction told Commercial Observer. Majority owner Fisher Brothers is remaining in the deal.