Net lease news – page 316

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Matthew Linde of People Restoring Communities: 5 QuestionsApr 10, 2026For Matthew and Benjamin Linde, affordable housing development isn’t just a career, it’s a family business. Rather, it’s the family’s calling.Jess Beck of Alfred: 5 QuestionsApr 10, 2026Alfred is a national residential property management and technology platform co-founded by Jess Beck. Based in New York, Alfred manages 50,000 units nationally.Revere Rescues $65M Los Alamos Rental ProjectApr 10, 2026Revere Capital completed The Hill, a $65 million, 149-unit Class A multifamily community in Los Alamos, New Mexico.DealCentersCrow Acquires Highland Park Shopping CenterApr 10, 2026Dunhill Partners sold The Shops at Mockingbird, a retail center located at 4550 West Mockingbird Lane in Dallas, Texas. The property has been acquired by a Crow Holdings Capital real estate fund.DealWitnick Real Estate Sells 525 Union Avenue in Williamsburg for $38MApr 10, 2026Witnick Real Estate Partners, a New York City-based real estate investment and management company, cashed out on a 46-unit apartment building in Williamsburg, Brooklyn, this week.DevelopmentUH Razing Vintage Campus Building to Make Way for Innovation HubApr 10, 2026The University of Houston is tearing down an 85-year-old building to make way for an $82 million Innovation Hub. The Houston Business Journal reports the school will raze the vintage Technology Annex Building to build the new 78,000-square-foot high-tech offering.DealCentersInterra Takes On Greenway PlazaApr 10, 2026Interra Capital Group acquired Greenway Plaza, a landmark 53-acre, 4.5 million-square-foot mixed-use office campus in the heart of Houston.DealIndustrialTwo Orlando Industrial Properties Change HandsApr 10, 2026Basis Industrial and One Investment Management purchased two Orlando industrial properties as part of a shallow bay industrial portfolio. Three other properties in the portfolio are in the Atlanta. The price was $144.6 million.LendingDwight Capital Provides $56M HUD-Insured Construction Loan for Metro Dallas Multifamily ProjectApr 10, 2026GARLAND, TEXAS — New York City-based Dwight Capital has provided a $56 million HUD-insured construction loan for StoneHawk Rosehill, a 269-unit multifamily project in the northeastern Dallas suburb of Garland.Representative imageDevelopmentIndustrialSansone Group, Principal Break Ground on 682,000 SF Industrial Project in South AustinApr 10, 2026AUSTIN, TEXAS — A partnership between St. Louis-based developer Sansone Group and Principal Asset Management has broken ground on a 682,000-square-foot industrial project in Austin.Representative imageDealIndustrialBradford Negotiates Sale of 40,670 SF Industrial Building in Grand Prairie, TexasApr 10, 2026GRAND PRAIRIE, TEXAS — Bradford Commercial Real Estate Services has negotiated the sale of a 40,670-square-foot industrial building in Grand Prairie, located roughly midway between Dallas and Fort Worth.DealToll Brothers Buys Land for Over 400 Cary Rental UnitsApr 10, 2026Toll Brothers bought a 27-acre mobile home park in Cary. The company will build 407 residential units at the site. 330 are slated to be multifamily units, and 97 are expected to be townhomes. The Triangle Business Journal reports the 607 Cedar St.Representative imageTenantsOfficeBNY Mellon Signs 26,849 SF Office Lease in Downtown HoustonApr 10, 2026HOUSTON — BNY Mellon has signed a 26,849-square-foot office lease in downtown Houston. The bank is taking space at 811 Main, a 974,884-square-foot office building.Representative imageTenantsInflation Up 3.3% in March Amid Highest Inflationary Period Since 2022Apr 10, 2026Inflationary warning signs are officially flashing. On the heels of war with Iran, the Consumer Price Index reported that the rate of inflation increased to 3.3 percent in March 2026 compared to March 2025.Representative imageDevelopmentGreystar, Haseko Break Ground on 189-Unit Multifamily Project in Needham, MassachusettsApr 10, 2026NEEDHAM, MASS. — A partnership between South Carolina-based owner-operator Greystar and the U.S. subsidiary of Japanese developer Haseko has broken ground on a 189-unit multifamily project in Needham, a southwestern suburb of Boston. The site at 100 West St.Representative imageDealCushman & Wakefield Brokers $4.5M Sale of Mixed-Use Development Site in Randolph, New JerseyApr 10, 2026RANDOLPH, N.J. — Cushman & Wakefield has brokered the $4.5 million sale of a mixed-use development site in the Northern New Jersey community of Randolph.Representative imageTenantsOfficePerplexity Signs Office Lease Expansion in Manhattan’s Union SquareApr 10, 2026NEW YORK CITY — Perplexity has signed an office lease expansion in Manhattan’s Union Square area. The AI platform now occupies 22,000 square feet across two full floors within the adjoining buildings at 841-853 Broadway.DealIndustrialRare-Earth Magnet Maker to Construct $918M Raleigh-Area PlantApr 10, 2026Vulcan Elements paid $8 million for 56 acres in Benson to build a rare-earth magnet manufacturing plant. The Triangle Business Journal reports Vulcan will invest $918 million in the plant, which could create up to 1,000 jobs. Benson is about 30 miles south of Raleigh.TenantsIndustrialHyundai Translead Signs 1.4 MSF Industrial Lease in Joliet, IllinoisApr 10, 2026JOLIET, ILL. — Hyundai Translead, a subsidiary of Hyundai Motor Co., has signed a 1.4 million-square-foot lease in Joliet. Industrial Realty Group LLC (IRG) owns the property, which was formerly Caterpillar’s main plant.Representative imageIndustrialCovington Gets OK for Massive SoCal Industrial DevelopmentApr 10, 2026The property will include as much as 9.4 million square feet. The post Covington Gets OK for Massive SoCal Industrial Development appeared first on Commercial Property Executive.