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Net lease news – page 289
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Faulkner Capital Acquires Hollywood Luxury ApartmentsColliers arranged the sale of The Baxter, a newly constructed, mid-rise luxury apartment community located at 1818 N. Cherokee Ave. at the base of the Hollywood Hills.
Contiguous Crown Heights Parcels Trade to Development TeamJLL Capital Markets arranged the $25.15-million sale of two residential development sites located at 1029 Dean St. and 1104 Pacific St. in the Crown Heights neighborhood of Brooklyn. The transactions were completed in separate off-market deals.
Self-Care Brand Athena Club Relocates HQ to 12K SF at 140 BroadwayPersonal care brand Athena Club is doubling the size of its headquarters in a move from the Flatiron District to the Financial District.
Shopoff, AO Break Ground on Mixed-Use Redevelopment of Westminster MallArchitecture firm AO broke ground on Bolsa Pacific at Westminster.
Data Center Developer Cipher Digital Signs 26K-SF Lease at 101 Park AvenueOne new and two existing tenants signed deals at H.J. Kalikow’s 101 Park Avenue, exceeding 77,400 square feet of absorption.
10-Acre MXU Development in Elk Grove Village Marks MilestoneNicholas & Associates and Wingspan Development Group recently celebrated the ribbon-cutting for the initial commercial phase of The VUE, a 10-acre mixed-use development in Elk Grove Village, Illinois.
Real Capital Solutions Enters Jersey City Market in Partnership with LamarA partnership of Real Capital Solutions (RCS) and Lamar Companies has acquired 30 Montgomery, a 16-story, 368,049-square-foot Class A office tower in Jersey City’s Exchange Place submarket. Terms were not disclosed.
Representative imageRithm Capital Rebrands Paramount Group as Elecor PropertiesMichael Nierenberg’s Rithm Capital has a new vision for the 16-building office portfolio it purchased from Paramount Group — one that’s going to come with $250 million of new capital improvements.
Pair of 99-Unit Residential Buildings Planned for Bronx’s Claremont VillageLeo Brody of ZLB Holdings, a Bronx-based multifamily buyer and developer, has submitted plans to build a 99-unit construction project at 1526 Grand Concourse in the Bronx’s Claremont Village neighborhood.
Cawley CRE Represents The Missner Group in Aurora Industrial AcquisitionCawley Commercial Real Estate announced the acquisition and leasing assignment of a 58,236-square-foot multi-tenant industrial facility located at 657 Wolverine Drive in Aurora, Illinois.
Roadside Development Expands Beyond DMV With Pennsylvania AcquisitionRoadside Development, a Washington, D.C.–based real estate investment and development firm, announced the acquisition of the Galleria at Mt. Lebanon in Pittsburgh, Pennsylvania.
Easterly Government Properties Provides Financing Clinic Development in WAEasterly Government Properties (EGP) announced its first mezzanine loan investment, providing $7 million in financing for the development of a new 120,000-square-foot Veterans Affairs outpatient clinic in Kennewick, Washington.
Lockton Unveils Design for Future Global HQ in Kansas CityLockton revealed new renderings and design details of its future global headquarters in Leawood, Kansas. The project is one of the largest build-to-suit office developments to break ground in the Midwest in the past five years.
Fetner, PGIM Buy Student Housing From Columbia for $65MFetner Properties and PGIM have closed on a $65 million sale-leaseback deal for 3260 Henry Hudson Parkway in the Bronx’s Riverdale neighborhood, Commercial Observer has learned.
Representative imageBlackstone Pays $200M for Another Industrial Portfolio in South FloridaLess than a month after buying an industrial campus in South Florida, Blackstone has paid nearly $200 million for another warehouse portfolio.
Home Depot Taps San Marcos for Next Texas StoreThe Home Depot is planning its first location in San Marcos. The $13 million project is slated for the northeast quadrant of I-35 North Frontage Road and McCarty Road, a rapidly developing area near Tanger Outlets San Marcos.
Representative imageThe Office Operating Model That Converts Uncertainty Into OccupancyThe office market has spent the better part of four years recovering. Occupancy is stabilizing in gateway markets. Leasing activity is showing signs of life. And, across the industry, a quiet consensus is forming that the worst is behind us. That consensus may be premature.
Former Fluor HQ Razed, $400M Mixed-Use Venture On WayLovett Group has completed the demolition of the structures on the 53-acre campus of what used to be the Fluor Corporation’s four-building campus.The Houston Business Journal reports work will soon start on Lake Pointe Green, a $400 million development plan that includes about…
Canadian Men’s Fashion Brand Jack Victor Expands to 11K SF at 8 West 40th StreetThis Midtown office location really suits this fashion brand.
Simon, Invesco Score $750M Refi for Las Vegas Retail PropertySimon Property Group and Invesco Advisers have inked a $750 million CMBS loan for The Shops at Crystals, a 291,196-square-foot retail property in Las Vegas.