Net lease news – page 304

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Representative imageDealCentersNewmark Brokers Sale of 54,264 SF Renton Highlands Shopping Center in WashingtonApr 20, 2026RENTON, WASH. — Newmark Retail Capital Markets has arranged the sale of Renton Highlands Shopping Center, a value-add retail center at the intersection of 4110 and 4250 N.E. 4th St. in Renton. Terms of the transaction were not disclosed.LendingIndustrialPSRS Arranges $6.5M Refinancing for Flex Industrial Property in Carlsbad, CaliforniaApr 20, 2026CARLSBAD, CALIF. — PSRS has arranged $6.5 million in refinancing for a flex industrial property in Carlsbad. Constructed in 1998 and renovated in 2022, the asset consists of two two-story buildings totaling 65,964 square feet of net rentable area.DealQSREvergreen Devco Sells Pollo Campero-Occupied Restaurant Property in Inland Empire for $2.9MApr 20, 2026LAKE ELSINORE, CALIF. — Evergreen Devco has completed the disposition of a 3,000-square-foot, single-tenant restaurant property in Lake Elsinore. A San Bernardino, Calif.-based private investor acquired the asset for $2.9 million.DealBlue Owl to Acquire Sila Realty Trust for $2.4 BillionApr 20, 2026Sila Realty Trust, Inc. and Blue Owl Capital Inc. said Monday that certain affiliates of Blue Owl Real Estate Capital LLC will acquire all outstanding shares of Sila’s common stock for $30.38 per share in an all-cash transaction valued at approximately $2.4 billion.LendingQuinn Barton Is a True Expert of CMBSApr 20, 2026Quinn Barton is a certified expert of commercial mortgage-backed securities.LendingMAG Partners Secures $149M Refi for the Mabel in ChelseaApr 20, 2026MaryAnne Gilmartin’s MAG Partners, in partnership with investment company Safanad, has closed on a $148.7 million bridge loan from Goldman Sachs Alternatives to refinance a construction loan for the Mabel, MAG’s new residential building in Chelsea, Commercial Observer has…IndustrialSoCal Industrial Veteran Benjamin Miller Launches IOS FirmApr 17, 2026After more than a decade of investment management in Southern California’s industrial real estate, Benjamin Miller recognized what he describes as the growing but underappreciated subsector of “low-coverage locations.” About a month ago, Miller launched a new company, Negresco…IndustrialSagard Real Estate Cuts Ribbon on 371K-SF Staten Island IndustrialApr 17, 2026A ribbon-cutting ceremony marked the official completion of One Nassau Place, a 331,700-square-foot industrial facility in Staten Island, developed by Sagard Real Estate.DealWestside LA Apartments Go Under Contract in Less Than 21 DaysApr 17, 2026Marcus & Millichap arranged the sale of two multifamily properties totaling 61 units in the Brentwood neighborhood of West Los Angeles for a combined $46.35 million. Rabbie Banafsheha and Tony Azzi of the Azzi Group of Marcus & Millichap exclusively represented the seller.DealWoodmont Sells Newly Built Pennington Apartments for $116MApr 17, 2026A leading owner and operator with a national multifamily portfolio has acquired One Hundred Forge (formerly Woodmont Forge) IN Pennington, NJ.LendingOfficePGIM Furnishes Loan to Refinance Beacon Capital’s One Brattle SquareApr 17, 2026PGIM’s real estate business has provided a $58.5-million floating-rate loan to refinance One Brattle Square, a mixed-use office and retail property in Cambridge, MA. The core loan was provided to an affiliate of Beacon Capital Partners.DealNew Empire Corporation in Contract to Buy 4 West 43rd Street for $51MApr 17, 2026More housing could be coming to Midtown Manhattan.DealGID Acquires Luxury Multifamily in San Diego’s Mission ValleyApr 17, 2026Berkadia closed the sale of Metro Mission Valley, a 305-unit, core-plus luxury apartment community in San Diego. Managing directors Ed Rosen, John Chu and Tyler Sinks of Berkadia La Jolla led the transaction on behalf of the seller. GID was the buyer.LendingC-PACE Financing Evolves into Capital Stack HeavyweightApr 17, 2026With a resume that includes seven years overseeing the California Enterprise Development Authority’s C-PACE program, Peter Grabell has seen C-PACE grow from an obscure tool to fund solar panels into a widely accepted component of project financing.Frankies Bikinis Debuts First Mid-Atlantic Store in GeorgetownApr 17, 2026Malibu-based lifestyle brand Frankies Bikinis has opened its first storefront in the mid-Atlantic region in Georgetown at 1238 Wisconsin Ave NW. The 1,482-square-foot space will feature the brand’s dresses, knits, bikinis, and apparel separates.Boston Planning Approves Skanska’s Longwood Place RedevelopmentApr 17, 2026The Boston Planning & Development Agency (BPDA) approved the initial three buildings of Skanska’s plans for Longwood Place, which will bring housing, workspaces, retail and community amenities to the Longwood Medical Area.OfficeCushman & Wakefield Hires Dr. Miguel Rodriguez as Head of Data Science, Geospatial AnalyticsApr 17, 2026Cushman & Wakefield announced that Dr. Miguel Rodriguez has joined the firm as Head of Data Science & Geospatial Analytics, based in the firm’s Washington, D.C. office.DealGreat Expectations SPC Acquires 102-Unit MF Development Site in PuyallupApr 17, 2026Kidder Mathews has arranged the sale of Addison Grove, a 102-unit multifamily development site located at 17753 78th Avenue East in Puyallup, Washington.DealConcord Wilshire Buys Brian Tuttle’s Bankrupt Palm Beach County Dev Site for $60MApr 17, 2026Concord Wilshire has purchased out of bankruptcy Brian Tuttle’s mixed-use development site in Royal Palm Beach, Fla., for $60 million. The parcel spans about 43 acres at the intersection of State Route 7 and Southern Boulevard, near the western end of Palm Beach County.Representative imageLendingGerman Bank Helaba Refis Luxury Austin Apartments With $200M LoanApr 17, 2026A joint venture involving Kairoi Residential, Lincoln Property Company and DivcoWest has sealed a $200 million loan to refinance a new luxury multifamily asset within a mixed-use tower in Austin, Texas, Commercial Observer has learned.