Net lease news – page 302

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Representative imagePower Finance 2026: Who Jumped the Furthest?Apr 21, 2026This year’s Power Finance 50 list was relatively stable, but there were some notable risers among some private lenders, banks and brokerages. Barings recorded the biggest ascent, jumping 10 spots from No. 43 to No. 33.Big Banks Were Strong Out of the Turn in 2025Apr 21, 2026In 2023, amid several failures and the worst financial crisis in a decade, some banks were left for dead in commercial real estate.TenantsPrimark Set to Open First Manhattan Store in Herald SquareApr 20, 2026International fashion retailer Primark said Monday it will open its flagship Herald Square store in Manhattan’s PENN DISTRICT on May 8.DealBerkadia Handles Receivership Sale of Hollywood HotelApr 20, 2026Berkadia arranged the receivership sale of a 70-key boutique Hollywood hotel for an undisclosed amount.LendingJLL Arranges Financing for Self-Storage in Underserved NJ SubmarketApr 20, 2026JLL Capital Markets arranged construction financing for Extra Space Hillsborough, a 709-unit, 105,663-square-foot self-storage development to be built at 35 Bedle St. in Hillsborough, Somerset County, NJ.In West Palm Beach Real Estate, a Sense of Being on the CuspApr 20, 2026West Palm Beach’s transformation is only getting started. That was the consensus at Commercial Observer’s Executive Leadership Reception held the evening of April 16 at the Related Ross Experience Center on South Rosemary Avenue in West Palm Beach, Fla.DealIndustrialReclamation Partners Acquires Single-Tenant Industrial in Sale-LeasebackApr 20, 2026Reclamation Partners, in partnership with EOZ Ventures, acquired a 33,619-square foot light industrial building located at 1023 Turnpike St., Stoughton, MA, within Boston’s infill Route 128 South industrial submarket.TenantsThe Picklr Comes to Fairfield for Second NorCal LocationApr 20, 2026The Picklr, a fast-growing indoor pickleball brand, has signed a lease for an 18,500-square-foot facility at 1574 Gateway Blvd. in Fairfield. The new club is slated to open in May and will mark The Picklr’s second Northern California location.TenantsArgentic Investment Management Signs 13K-SF Lease at 257 Park Avenue SouthApr 20, 2026Financial services firm Argentic Investment Management has signed a new 13,000-square-foot lease at 257 Park Avenue South, which is also known as the Gramercy Park Building, landlord the Feil Organization announced Monday.DealPEF Advisors Acquires Hadley Affordable Geared to Seniors, FamiliesApr 20, 2026Preservation Equity Fund Advisors, LLC (PEF Advisors), a California-based real estate private equity group focused on preserving existing affordable housing in high-cost markets, has acquired University Crossing and Woodland Crossing Apartments, a 160-unit affordable community…DevelopmentTime Equities Lands $160M to Build Multifamily Dev in Boynton BeachApr 20, 2026Time Equities has secured a $160 million construction loan for a multifamily development in Boynton Beach, Fla., property records show.DevelopmentOfficeRelated California, McCourt Forge JV for San Francisco Office/Hotel TowerApr 20, 2026Related California said Monday it has formed a joint venture with Los Angeles-based McCourt Partners to develop the Jackson, a 41-story office and hotel tower planned for 530 Sansome St. in San Francisco.DealQSRSVN Chicago Facilitates Sale of Redeveloped Restaurant Property in JolietApr 20, 2026SVN Chicago Commercial has completed the $1.7 million sale of a 3,339-square-foot quick-service restaurant property located at 1866 West Jefferson Street in Joliet, Illinois.LendingGantry Secures $73M for Kansas City Region Multifamily PropertyApr 20, 2026Gantry has secured a $73 million permanent loan to refinance the Prairie Creek Apartments & Townhomes located at 9395 Scarborough Street in Lenexa, Kansas, a suburb of the greater Kansas City MSA.DevelopmentIndustrialLogistics Firm Starts Work on 600K-SF Denver-Area Industrial ParkApr 20, 2026Logistics Property Co. has broken ground on Eagle 25 Logistics Center, a 600,000 square foot logistics center consisting of three buildings, in Thornton, Colo.DealOfficeSpear Street Capital Acquires Office Property at 74 Eighth Avenue for $51MApr 20, 2026Spear Street Capital, an operator of office properties in the U.S., Canada and Europe, has purchased a 10-story office building in Manhattan’s West Village for $50.5 million, property records made public Friday show.LendingCRE Loan Spreads Tighten Across Property SectorsApr 20, 2026Commercial real estate loan spreads have compressed meaningfully over the trailing 12 months, improving refinancing conditions for borrowers across the four major property sectors. CRED iQ’s proprietary loan analytics show 10-year CRE spreads to U.S.OfficeAI Firm Adaptive Security Subleases BarkBox’s 51K-SF Office at 120 BroadwayApr 20, 2026Dog treat and toy subscription company BarkBox is subleasing its 51,220-square-foot office in Manhattan’s Financial District to a cybersecurity firm, Commercial Observer has learned.KKR Elevates Joel Traut to Global Head of CRE LendingApr 20, 2026Joel Traut, who has scaled KKR Real Estate’s credit business from a $400 million seed investment since joining in 2015 to nearly $45 billion of assets under management at the end of 2025, is now spearheading growth in larger geographic capacity.LendingDevelopment Team Building 922-Bed Texas A&M Student Housing ProjectApr 20, 2026LV Collective and Peninsula Investments closed financing for Rambler Northgate, their newest student housing community in College Station, Texas, with plans to deliver the $125 million project in summer 2028.