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Net lease news – page 334
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JLL Arranges $136M in Financing for Brooklyn Apartment BuildingNEW YORK CITY — JLL has arranged $136 million in financing for 655 Union, a 193-unit apartment building in the Gowanus area of Brooklyn.
Crescent-Led Team Advancing Decatur Mall RedevelopmentCrescent Communities, in partnership with EDENS and NTT Urban Development, has broken ground on Novel Lulah Hills, a 303-unit multifamily community in Decatur, Ga. Commercial Edge reports the project is part of the redevelopment of the former North DeKalb Mall.
Representative imageSonnenblick-Eichner Co. Secures $80M Refinancing for Del Ray Office Campus in Los AngelesLOS ANGELES — Sonnenblick-Eichner Co. has arranged an $80 million first-mortgage loan secured by Del Rey Campus, a creative office campus in the Marina del Rey submarket of West Los Angeles.
Representative imageGH Management Completes 82-Unit Multifamily Project in BrooklynNEW YORK CITY — Local developer GH Management has completed The Carroll, an 82-unit multifamily project in Brooklyn. Designed by IMC Architecture and located at 33 Fourth St. in the Carroll Gardens area, the eight-story building houses studio, one- and two-bedroom units.
Bridgeway Real Estate Partners, LBX Investments Buy Plaza Del Mar Office Campus in San Diego for $43MSAN DIEGO — Bridgeway Real Estate Partners, in partnership with LBX Investments, has acquired Plaza Del Mar, an office campus in the Del Mar Heights submarket of San Diego, for $43 million, or $352 per square foot.
RAF Pacifica Group Sells Rivian-Occupied Industrial Property in Vista, CaliforniaVISTA, CALIF. — RAF Pacifica Group, in partnership with CenterSquare Investment Management, has completed the disposition of an industrial building located at 3280 Corporate View in Vista. Terms of the transaction were not released.
Representative imagePep Boys Signs 37,000 SF Office Lease Expansion in Bala Cynwyd, PennsylvaniaBALA CYNYWD, PA. — Pep Boys has signed a 37,000-square-foot office lease expansion in Bala Cynwyd, a northwestern suburb of Philadelphia.
JLL Arranges $7.5M Refinancing for Retail, Office Building in Long Beach, CaliforniaLONG BEACH, CALIF. — JLL Capital Markets has arranged a $7.5 million permanent loan to refinance 200 Pine Avenue, a 64,376-square-foot retail and office property located in Long Beach.
Bedrock Unveils The Residences at The Detroit EDITION in Hudson’s TowerDETROIT — Bedrock has launched pre-sales for The Residences at The Detroit EDITION, a collection of 96 high-rise condominiums located atop The Detroit EDITION hotel within the Hudson’s Detroit tower at 1208 Woodward Ave.
Habitat Begins Leasing for Second Residential Phase at $200M Ogden Commons in ChicagoCHICAGO — Habitat has begun leasing for The Junction at OC Living in Chicago’s North Lawndale neighborhood. The project is the second of three residential phases within the $200 million Ogden Commons mixed-income community developed by Habitat in partnership with Sinai Chicago.
Ryan Cos. Breaks Ground on 350-Unit Apartment Community in Fort Myers, FloridaFORT MYERS, FLA. — Ryan Cos. US Inc. has broken ground on Trailside at Dia Crossing, a 350-unit apartment community in Fort Myers. The eight-building property will be situated at the gateway to the Village of Estero at U.S. Highway 41 and Alico Road. Ryan Cos.
Marcus & Millichap Brokers $7M Sale of Shopping Center in Kennett, MissouriKENNETT, MO. — Marcus & Millichap has brokered the $7 million sale of Bootheel Plaza, a 23-suite retail strip center in Kennett, located in the southeast corner of Missouri and four miles east of Arkansas.
The Plan: Penthouse 92 at Brooklyn Tower Is Nothing Less Than SpectacularIt’s real, and it’s spectacular. Penthouse 92 at the supertall rental and condominium property Brooklyn Tower hit the market in December and is going to make whoever has the dough to pay the $16 million price tag the envy of all New York.
Representative imageOceanwide Plaza Bidder Has History as Colorful as the L.A. Towers He Wants to RescueWhen news broke in late February that there may be potential buyers for Downtown Los Angeles’ infamous Graffiti Towers, it seemed like the saga of the delayed, abandoned and spray-painted megaproject was finally entering a new chapter.
AI Platform for Creator Advertising Inks Midtown South LeaseAgentio, an AI-native platform for creator advertising, inked a 20,000-square-foot office lease at 295 Fifth Ave. in Midtown South.
Goldman Sachs Furnishes $80M First Mortgage for Creative Office CampusSonnenblick-Eichner Company has arranged an $80-million first mortgage loan secured by Del Rey Campus, a 162,031-square-foot creative office campus located in Marina del Rey.
Avison Young Arranges Sub-Leasehold Mortgage for Navy Yard’s Green Manufacturing CenterAvison Young secured a $30-million sub-leasehold mortgage loan on behalf of an entity controlled by the Brooklyn Navy Yard Development Corporation (BNYDC) for the Green Manufacturing Center at the Brooklyn Navy Yard, a set of three buildings totaling 250,680 square feet of light…
Tricon Debuts Eighth BTR Development in CaliforniaTricon, a Blackstone Real Estate portfolio company, held the grand opening of Tricon Winchester, a build-to-rent (BTR) community in Riverside County.
JLL Lists Central NJ Industrial for Lease or SaleJLL’s Northeast Industrial team has been retained by SkyREM as the exclusive agent for 1330 Campus Pkwy., a 277,806-square-foot industrial facility available for sale or lease in Wall Township, NJ.
Reframe, CC&F Deploy Multipurpose Unit as Marketing and Sales OfficeReframe Systems has partnered with development firm Cabot, Cabot & Forbes (CC&F) to deploy a Reframe unit as the onsite marketing and sales office for The Bolt, a 180,000-square-foot innovation and manufacturing center under construction in Woburn along the New Boston Corridor.