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Net lease news – page 31
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Cord Meyer Breaks Ground on Rentals at Bay Terrace Shopping CenterCord Meyer Development broke ground on its new residential community at the Bay Terrace Shopping Center, which the company developed more than 60 years ago.
Private Investor Snags Brea Offices for $28MCBRE facilitated the $27.8-million sale of Fairway Center II, a 135,308-square-foot office property located at 675 Placentia Ave. in Brea. CBRE represented the institutional seller.
Vango Development Launches Leasing at Third Rutherford-Area PropertyVango Development has launched leasing at Parker East, a new five-story luxury rental community bringing 86 residences, indoor and outdoor lifestyle amenities and convenient mass-transit access to 263 Hackensack St. in East Rutherford, NJ.
M&T RCC Closes on Bridge Loan for New Haven ApartmentsM&T Realty Capital Corporation closed on a $31.9-million bridge loan for Estelle New Haven, a newly constructed 96-unit Class A multifamily community located at 19 Elm St. in downtown New Haven, CT.
Drawbridge Extends Full-Building Lease with Microsoft Unit in Santa ClaraDrawbridge Realty has extended a lease with Microsoft for the entire 66,106-square-foot Class A office building located at 3201 Scott Boulevard in Santa Clara. The property has been home to Fungible, Inc., which was acquired by Microsoft in 2023, since 2016.
Mesa City Council Greenlights $3B Mixed-Use ProjectThe Mesa City Council approves a $3B project for a resort, park and offices.
Wonderful Real Estate Trades 1.1M-SF Industrial to Global Technology CompanyThe Wonderful Company announced that its Wonderful Real Estate business has completed the sale of 5104 Express Ave. to a major global technology and e-commerce company.
Affinius Furnishes Construction Loan for Lexington Luxury RentalsJLL Capital Markets has arranged $45.75 million in construction financing for 7 Hartwell Ave., a 130-unit ground-up luxury multifamily development located in Lexington, MA due for completion in June 2028.
'We're At A Juncture': Downtown Boston Retail Finds Its Post-Pandemic FootingBoston's downtown retail market is regaining strength, fueled by increased foot traffic and new businesses opening.
Nearwater Capital Exits One Vanderbilt for Redeveloped 245 Park Ave.Specialty finance company Nearwater Capital is relocating from SL Green Realty Corp.’s One Vanderbilt into a 37,563-square-foot lease for the entire 28th floor at 245 Park Ave., SL Green’s newly redeveloped office tower adjacent to Grand Central Terminal.
Representative imageCIBC Supplies $102M Refi for SkyREM Industrial PortfolioReal estate investment firm SkyREM has secured $101.8 million to refinance a 1.9 million-square-foot industrial portfolio across the East Coast, Commercial Observer has learned.
Representative imageAs Fed Hikes Rates for First Time Since 2023, Commercial Real Estate Comes to TermsThe Federal Reserve raised interest rates for the first time in more than three years Wednesday, but the hawkish move is not expected to curtail commercial real estate transactions in the latter half of 2026.
Representative imageLaw Firm Greenberg Traurig Expands to 133K SF at One VanderbiltLaw firm Greenberg Traurig has no objections to its Midtown offices at One Vanderbilt — in fact, it’s taking even more space there.
REPORT: Amazon Eyes Next Industrial Push With Plans To Expand Same-Day DeliveriesAmazon plans billions in industrial real estate to boost same-day delivery, reshaping the market with Project Mercury.
Fed Raises Benchmark Rate, Intensifying Borrowing Cost BluesThe Fed's rate hike aims to control inflation but raises borrowing costs, which is expected to impact real estate and economic growth.
George Soros Puts Argonaut Building on the Market for Roughly $100MAnother Manhattan office building has hit the market. This time it’s the landmarked Argonaut Building, an approximately 140,000-square-foot office and retail building at 224 West 57th Street in Midtown.
Google Delays Thompson Center Opening To 2028, Releases New RenderingsThe tech giant had targeted early 2027 to move into the building but now plans to "officially open our doors to Googlers, tenants and the public in 2028."
IMG Worldwide Renews 90K SF at SL Green’s 304 Park Avenue SouthGlobal talent agency IMG Worldwide has renewed a 90,202-square-foot slice of its office lease at 304 Park Avenue South between East 22nd and East 23rd Streets in Midtown South. IMG arrived at SL Green Realty’s 12-story office building in 2008, according to CoStar Group.
Stockdale Hires Fortress Exec To Launch Debt BusinessStockdale Capital Partners wades into debt, hires Alec Maki to lead new credit platform.
Nearwater Management Takes 38K SF at SL Green’s 245 Park AvenueNearwater Management did not have to look far for a new office.