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Net lease news – page 323
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Report: Penn Station Submarket Emerges as Dynamic Office DestinationManhattan’s Penn Station submarket has emerged as one of the city’s most dynamic office destinations, driven by large-scale renovations, new development and unparalleled transit connectivity, Cushman & Wakefield says in a new report.
Mata Construction Completes Wedbush Headquarters in PasadenaMata Construction Services, Inc., a Los Angeles–based general contractor, has completed construction of a new 20,000-square-foot headquarters workplace for Wedbush at the Pasarroyo office campus in Pasadena’s South Lake district.
Multi-Story Warehouse Sale Sets Pricing Benchmark for LICMarcus & Millichap recently closed the sale of 43-10 21st St., a two-story industrial property in Long Island City, Queens. The asset sold for $14.5 million.
E.V. Bishoff Company Expands Cincinnati Presence with Office AcquisitionE.V. Bishoff Company has acquired the 125,000-square-foot 30 Merchant Street Building in Cincinnati, Ohio.
NAIOP SoCal Names Honorary Captains for OC Real Estate ChallengeNAIOP SoCal announced the honorary captains for its 5th Annual OC Real Estate Challenge to be held April 15. This year’s industry leaders are Jason Krotts, co-founder & principal, Real Estate Development Associates, along with Chris Tipre, principal, Trammell Crow Company.
Melvin Mark Investors Acquire Office Building in Downtown PortlandMelvin Mark Investors announced today the acquisition of 200 SW Market Street, a 19-story, 400,000-square-foot office building in Portland’s downtown core.
Mid Atlantic Port Services Acquires Industrial Warehouse in MarylandMacKenzie Commercial Real Estate Services has brokered the sale of 6101 E. Lombard Street, a 30,253 square foot industrial warehouse building in Baltimore City, to Mid Atlantic Port Services for $5.7 million.
Worldwide Logistics Leases 450K SF in SayrevilleTrammell Crow Company (TCC) and joint venture partner CBRE Investment Management secured two new leases at Arsenal Trade Center in Sayreville, NJ. The leases, totaling 535,915 square feet, were signed by Worldwide Logistics USA LCC and Nekteck, Inc.
Habitat JV to Redevelop Former Solo Cup Site in Highland Park as TownhomesChicago-based Habitat announced a joint venture with M/I Homes of Chicago to develop The Bowery of Highland Park, a community of 227 townhomes on the former Solo Cup Company site in Highland Park, Illinois.
Tax-Exempt Bond Helps Finance New Seniors Housing in LynnMassDevelopment has issued a $29-million tax-exempt bond on behalf of 2Life Solimine 4% LLC, an affiliate of 2Life Communities Inc., which is developing 150 new units of seniors housing at 500 Lynnfield St. in Lynn.
Representative imageFifth Avenue Office Tower With Links to Iran Finds New OwnershipA newly established nonprofit has taken control of the 36-story office tower at 650 Fifth Avenue from its Iran-linked former owners in a multistage transfer.
Welltower Buys Palm Beach County Assisted Living Facility for $87MWelltower, a real estate investment trust dedicated to senior living, has paid $87.2 million for an assisted living facility in Lake Worth, Fla., property records show.
ESRT to Sell 250 West 57th Street to Namdar Realty Group for $280MEmpire State Realty Trust has entered a contract to sell its 26-story office building at 250 West 57th Street to Namdar Realty Group for roughly $280 million, according to sources close to the deal.
Marketing Firm Serino Coyne Signs One of Seven New Deals at 1450 BroadwayMarketing agency Serino Coyne is one of seven tenants renewing or taking new space at ZG Capital’s 1450 Broadway, Commercial Observer has learned.
Affinius Secures $144M for SoCal Multifamily ConstructionThe developers behind a 408-unit multifamily project in Southern California have secured construction financing shortly after breaking ground earlier this month.
Promethean Builders, AccuWeather Ink 17K SF In Deals at Chelsea TowerA construction firm and a popular weather app have inked 16,783 square feet worth of new leases at GFP Real Estate’s Class B office tower at 322 Eighth Avenue in Manhattan’s Chelsea neighborhood.
Rosewood Greenlit for Plano Mixed-Use DevelopmentRosewood Property Company has received zoning approval from the Plano City Council for its 156-acre mixed-use development, Heritage Creekside, located near the intersection of U.S. 75 (Central Expressway) and President George Bush Turnpike.
Camco Obtains Inner Loop Office BuildingEquus Capital Partners offloaded 5300 Memorial Drive, a 153,671-square-foot, boutique office building in Houston. JLL represented Equus and procured the buyer, CAMCO Investment Group.
Workforce Housing Mogul Bob Hart Knows His Market WellIn late February 2026, TruAmerica Multifamily announced the close of a $708 million workforce housing fund geared toward the development of affordable rental apartments nationwide.
Knightvest Acquires 389-Unit Uptown Dallas Apartment CommunityKnightvest Capital acquired the Ardan community in Dallas. Built in 2018, the Class A, 389-unit high-rise community is located in the West Village neighborhood of Uptown Dallas. Brookfield Properties was the seller. Knightvest Capital secured a $112 million acquisition loan.