Net lease news – page 349

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DealMarcus & Millichap Arranges $19 Sale of Midwest Sherwin-Williams PortfolioMar 23, 2026Marcus & Millichap completed the sale of an 11-property Sherwin-Williams portfolio in Minnesota, North Dakota and South Dakota. The portfolio sold for $18.74 million.DealComstock Acquires 417-Unit Rockville Multifamily BuildingMar 23, 2026Comstock Holding Companies, Inc. has completed the acquisition of The Reed, a 417-unit multifamily property located at 15955 Frederick Road in Rockville, Maryland.DealCentersHanley, Progressive Arrange Sale of Victorville Retail CenterMar 23, 2026Hanley Investment Group Real Estate Advisors and Progressive Real Estate Partners have arranged the sale of Victor Town Center, a three-tenant net-leased retail property located at 14598 7th St. in Victorville, for $7 million.DealSafely Store Acquires Bergen County Development SiteMar 23, 2026Marcus & Millichap arranged the sale of a self-storage development site in Ridgefield, NJ. Located at 1099 Hendricks Causeway, the fully entitled and permitted site will be developed into a Class A self-storage facility with more than 1,200 climate-controlled units.DealSpace Needle Buys Part of Pacific Science Center for $17MMar 23, 2026The owners of the Space Needle have purchased part of Seattle’s Pacific Science Center for $17.25 million.DealIndustrialClarion Partners Sells New Broward Warehouse for $38MMar 23, 2026Clarion Partners and Cadence Partners sold a newly completed distribution warehouse in Hollywood, Fla., for $38.3 million, property records show. Drug compounding company Hallandale Pharmacy purchased the 98,860-square-foot asset called Stirling Logistics Center.Representative imageTenantsQSRSteakhouse Delmonico’s to Open 12K-SF Restaurant in MidtownMar 23, 2026After first opening in Manhattan’s Financial District in 1837, steakhouse Delmonico’s is set to open a new restaurant in Midtown.Representative imageLendingCMBS Loan Backed by Lurin Capital Townhouse Community Headed to Special ServicingMar 23, 2026The commercial mortgage-backed securities loan on an apartment complex owned by an embattled real estate developer is headed to special servicing following a recent bankruptcy and numerous lawsuits.TenantsOfficeHeadlands Technologies, MFA Financial Ink 12K-SF Leases at 520 Fifth AvenueMar 23, 2026Rabina, a New York City-based real estate investment and development firm, announced Monday that it has signed four office deals at its 88-story Midtown office and condo tower at 520 Fifth Avenue.DevelopmentConstruction Management Firm J Companies Takes 5K SF at 18 East 41st StreetMar 23, 2026J Companies, a New York City-based construction management firm, has signed a six-year, 5,200-square-foot lease for an entire floor of RFR Holding’s 18 East 41st Street in Midtown, landlord broker Resolution Real Estate announced Monday.Representative imageDealJapanese Developer Buys Miami Worldcenter Dev Site for $89MMar 23, 2026Japanese developer Kasumigaseki Capital has paid $88.8 million for a development parcel within the 27-acre Miami Worldcenter master development, property records show.LendingCentersCBL Uses Four Texas Malls in Packaging Portfolio for RefinancingMar 23, 2026Shopping center owner and operator CBL Properties used four Texas malls of 13 properties for collateral to secure corporate refinancing. CBL refinanced $425 million financing secured by its 13 enclosed malls.LendingWalker & Dunlop Provides $75M Acquisition Financing for Baltimore-Area ApartmentsMar 23, 2026Quest Management Group has secured $75 million in acquisition financing to purchase the Worthington Apartments, a 612-unit multifamily community in Pikesville, Md., a suburb 15 miles northwest of Baltimore. The seller was not disclosed, according to a release.TenantsIndustrialLogistics Property Closes 1M-SF Lease at Glendale Warehouse ComplexMar 23, 2026Logistics Property Company signed two full-building leases totaling 1,032,079 square feet at Olive Logistics Center in Glendale, Arizona, with a third-party logistics provider. With this lease signing, the park, completed in 2025, is fully leased.TenantsOfficeJLL Secures Lease Assignment for Dallas’s Pinnacle TowerMar 23, 2026JLL has been selected to market and lease Pinnacle Tower, which was sold by New York Life to Estein USA and Vanderbilt Office Properties (Vanderbilt) earlier this month. The 549,170-square-foot office property is 88% leased and located in the heart of the Lower Tollway.DealNeighborhood Ventures Acquires Biltmore Rental AssetMar 23, 2026Neighborhood Ventures (NV) acquired Venture on 16th, an 86-unit multifamily community located in the Biltmore District of Uptown Phoenix.LendingJ.P Morgan, Vici Lend $4.3B for One Beverly Hills CompletionMar 23, 2026Billions in new financing will help raise some Cain in Beverly Hills.DealM3 Picks Up 192 Nashville-Area Apartment UnitsMar 23, 2026A Williamson County apartment complex sold for $52.6 million. M3 Multifamily bought the Newport Station apartment development in Thompson’s Station. The seller was John Maher Builders. A division of Marcus & Millichap represented the seller in the deal.Representative imageDealFrench Retailer Longchamp Sells 713 Madison Avenue for $40MMar 23, 2026JSRE Acquisitions, a New York City-based property management company, has acquired a retail property at 713 Madison Avenue on Manhattan’s Upper East Side for $40 million, property records made public Friday show.DealRaleigh Highrise Hits the MarketMar 23, 2026World Wide Group is selling SkyHouse Raleigh, an apartment building across from Moore Square. The Triangle Business Journal reports World Wide Group bought the 23-story tower in 2016 for $103 million.