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Net lease news – page 347
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Citi Refis Brooklyn Retail Asset With $29M CMBS LoanDeveloper Michael Orbach has sealed $28.5 million of commercial mortgage-backed securities (CMBS) debt to refinance a portfolio of retail assets in Clinton Hill, Brooklyn, Commercial Observer has learned.
LJC Transforms Historic Chicago Building Into Performing Arts PropertyLJC has completed the adaptive reuse of the former Loyal Casket Factory at 148 S. California Ave. in Chicago’s East Garfield Park, transforming the historic industrial building into a performing arts center and community hub for nonprofit BandWith Chicago.
IMG Completes $16M Sale of Tacoma Multifamily AssetInvestors Management Group, Inc. (IMG) announced the sale of Valley Vista Apartments, a 108-unit multifamily community located at 6830 Tacoma Mall Boulevard in Tacoma, for $15.85 million.
Hudson Companies, Broadway Builders Ink 18K-SF Lease at 902 BroadwayNew York City-based real estate development firm Hudson Companies and its affiliate Broadway Builders have signed a new 11-year, 18,200-square-foot lease at the Rosen family’s 902 Broadway, Commercial Observer has learned.
MTA Seeking Housing Developers to Build 300 Units in Crown HeightsThe Metropolitan Transportation Authority (MTA) is looking for developers to build a 300-unit housing development in Crown Heights, Brooklyn.
Running the Numbers: JP Morgan’s Kurt Stuart Takes CO on a Property Running TourJ.P. Morgan’s commercial real estate teams cover every asset, but a big focus on the multi-family side is workforce housing, and a lot of that workforce housing is in coastal markets.
Listening In on J.P. Morgan Chase’s National CRE Sales Meeting With Karen PurcellIn late January, Huntington Beach welcomed some top commercial real estate professionals to its warm(ish) California shores.
Dallas Chosen By The Boring Company For 1 Mile TunnelElon Musk’s The Boring Company (TBC) chose Dallas to build a Loop tunnel under the University Hills area of Dallas.
ICSC + WOMEN IN CRE to Debut at Las Vegas Industry EventAttendees at the 2026 ICSC LAS VEGAS industry gathering will find something new on the program: a conference-within-a-conference geared toward women in commercial real estate.
Kaufman Investments, Two Sigma Real Estate Snap Up Boutique Office Building for $52MA boutique office building at 40 West 25th Street just changed hands, Commercial Observer can first report.
Bank of America’s Matthew McQueen On Fixed-Income LendingIt’s not easy being McQueen. Matthew McQueen is a leader within one of the world’s foremost financial institutions.
Kolter Picks Up Vintage Tampa Bay HotelThe Kolter Group acquired the Hilton St. Petersburg Bayfront from Ashford Hospitality. The 60-year old hotel sold for $67.2 million.
Affinius Provides $300M to Refi 102 Fleet Street in Downtown BrooklynThe Jay Group has secured $300 million to refinance 102 Fleet Street, a 495-unit luxury multifamily property off Flatbush Avenue in Downtown Brooklyn.
French Crypto Company Ledger to Open First NYC Office at 817 BroadwayLedger, a Paris-based crypto company, has inked a 3,437-square-foot lease at the Taconic Partners-owned 817 Broadway south of Manhattan’s Union Square, Commercial Observer has learned.
Ytech Lands $25M to Expand Historic Brickell Mansion in MiamiDevelopment firm Ytech nabbed a $25 million construction loan to expand a historic mansion in Miami’s Brickell district and to turn it into the company’s headquarters, Commercial Observer has learned.
Amazon Adding 112K-SF Warehouse to Orlando-Area HoldingsAmazon plans to build a 112,000 square foot warehouse in Brevard County, on Florida’s Space Coast. It’s appropriate, then, that the plans may involve satellites.
Portman Adding 330 Rental Units to Savona Mill ProjectPortman Holdings is expanding its holdings at Savona Mill, an adaptive reuse project in Charlotte. In 2024, Portman delivered 319 units as part of Phase I and Phase II is expected to include 330 multifamily units.
Erickson Senior Living Breaks Ground on 1,000-Unit Independent Living Community in Metro BaltimoreCLARKSVILLE, MD. — Erickson Senior Living has broken ground on Oxford Hills, a new independent living community in Clarksville, roughly 30 miles southwest of downtown Baltimore. The 62-acre development is approved for more than 1,000 units upon full build-out.
Georgia Ports Authority to Open $134M Gainesville Inland Port in MayGAINESVILLE, GA. — The Georgia Ports Authority plans to open the Gainesville Inland Port, a $134 million inland port in the northeast Georgia city of Gainesville, on May 4, 2026.
Peachtree Group Acquires 600,000 SF Distribution Center Near Savannah Leased to Hasbro, Launches DSTMIDWAY, GA. — Peachtree Group has acquired a newly built, 600,000-square-foot distribution center in Midway, about 32 miles southwest of Savannah. The property is fully leased to Hasbro Inc., a toy and game manufacturing company behind brands including NERF, Transformers, G.I.