Net lease news – page 350

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BREAKING NEWS: Simon Property Group’s David Simon Passes Away, Age 64Mar 23, 2026David Simon, chairman, CEO and president of Simon Property Group, Inc., who built the company into the largest retail real estate firm in the world, passed away Sunday after a battle with cancer. He was 64 years old.LendingOfficeWeda Lands Refi on 128K-SF Coral Gables OfficesMar 23, 2026Weda Developers scored a refinancing package on a 128,609-square foot office building in Coral Gables. Cushman & Wakefield’s Jason Hochman and Ron Granite represented Weda in its transaction where they identified Lake Michigan Credit Union as the lender. The loan amounted to $12.DevelopmentIndustrialLogistics Property Co. to Develop 1.4 MSF Industrial Park in Grand Prairie, TexasMar 23, 2026GRAND PRAIRIE, TEXAS — Logistics Property Co. will develop a 1.4 million-square-foot industrial park in Grand Prairie, roughly midway between Dallas and Fort Worth.Representative imageDealIndustrialColliers Brokers Sale of 51,150 SF Industrial Flex Building in Southeast HoustonMar 23, 2026HOUSTON — Colliers has brokered the sale of a 51,150-square-foot industrial flex building in southeast Houston. According to LoopNet Inc., the building at 9191 Gulf Freeway was completed in 2015, offers 18- to 21-foot clear heights and was 86 percent leased at the time of sale.Representative imageTenantsOfficeWalters, Balido & Crain Signs 5,590 SF Office Lease Expansion in North DallasMar 23, 2026DALLAS — Walters, Balido & Crain has signed a 5,590-square-foot office lease expansion in North Dallas. The Austin-based law firm now occupies 44,021 square feet at Meadow Park Tower, a 267,779-square-foot building, and is committed through 2033.LendingCushman & Wakefield Arranges $136M Loan for Refinancing of Jersey City Apartment BuildingMar 23, 2026JERSEY CITY, N.J. — Cushman & Wakefield has arranged a $136 million loan for the refinancing of Modera Lofts, a 366-unit apartment building located in the Powerhouse Arts District in Jersey City. Completed in 2016, Modera Lofts offers studio, one- and two-bedroom floor plans.DealAudubon Capital Buys 151-Unit Multifamily Portfolio in ProvidenceMar 23, 2026PROVIDENCE, R.I. — Audubon Capital Partners, a real estate private equity firm, has purchased a portfolio of two multifamily properties totaling 151 units in Providence. Both Chestnut Commons (92 units) and 95 Lofts (59 units) are located in the downtown area on adjacent sites.Representative imageDealJLL Brokers Sale of 34,795 SF Mixed-Use Building in PhiladelphiaMar 23, 2026PHILADELPHIA — JLL has brokered the sale of a 34,795-square-foot mixed-use building in Philadelphia’s Rittenhouse Square neighborhood. Originally constructed in 1937 and last renovated in 2009, the five-story building at 1619-1621 Walnut St.LendingFisher Brothers Obtains $117.5M Refi for Wynwood ApartmentsMar 23, 2026Fisher Brothers secured a $117.5 million refinancing from Bain Capital for Joule House, a Wynwood residential community.Representative imageLendingBWE Secures $82.9M in Financing for Multifamily Community in Simi Valley, CaliforniaMar 23, 2026SIMI VALLEY, CALIF. — BWE has secured an $82.9 million loan for River Ranch Apartments, a garden-style multifamily property in Simi Valley. Jake Roberts and Mike Guterman of BWE originated the financing from Fannie Mae on behalf of Decron Properties.DevelopmentBogard Construction Breaks Ground on 100-Unit Educator Housing Project in Santa Cruz, CaliforniaMar 23, 2026SANTA CRUZ, CALIF. — Bogard Construction, in partnership with Santa Cruz City Schools, has broken ground on the district’s first Educator Housing Community at 313 Swift St. The property will offer 100 below market-rate apartments designated for district teachers and staff.DealNeighborhood Ventures Acquires 86-Unit Multifamily Community in Uptown PhoenixMar 23, 2026PHOENIX — Neighborhood Ventures has purchased Venture on 16th, an 86-unit apartment property in the Biltmore District of Uptown Phoenix, from an undisclosed seller for $19.5 million.DealIndustrialPacific Coast Commercial Brokers $10M Sale of Pioneer Business Park in El Cajon, CaliforniaMar 23, 2026EL CAJON, CALIF. — Pacific Coast Commercial has arranged the sale of Pioneer Business Park, a multi-tenant industrial facility in El Cajon. Paradise Properties of East County LLC purchased the property from Brown Trust for $10 million.Representative imageLendingGreystone Provides $46M Refinancing for Seniors Housing Portfolio in OhioMar 23, 2026OHIO — Greystone has provided a $46 million bridge-to-HUD loan for the refinancing of a two-property seniors housing portfolio in Ohio. Christopher Clare, David Young, Ben Rubin, Ryan Harkins, Parker Nielsen and Liam Gallagher of Greystone originated the financing.DealIndustrialTerrace Group, Midloch Investment Partners Buy 270,022 SF Industrial Business Park Near MinneapolisMar 23, 2026FRIDLEY, MINN. — The Terrace Group has acquired River Tech Workplace in the Minneapolis suburb of Fridley. Midloch Investment Partners is the equity partner in the acquisition. The four-building flex industrial park totals 270,022 square feet and is situated on nearly 20 acres.LendingOfficeBernard Financial Group Arranges $29.5M Construction Loan for Michigan Office BuildingMar 23, 2026BIRMINGHAM, MICH. — Bernard Financial Group (BFG) has arranged a $29.5 million construction loan for a new mixed-use office property in Birmingham. Joshua Bernard of BFG arranged the loan on behalf of the borrower, 320 Investments LLC. A life insurance company provided the loan.DealMarcus & Millichap Brokers $18.7M Sale of Sherwin-Williams Retail Portfolio Across Three StatesMar 23, 2026MINNESOTA, NORTH DAKOTA AND SOUTH DAKOTA — Marcus & Millichap has arranged the $18.7 million sale of an 11-property Sherwin-Williams retail portfolio in Minnesota, North Dakota and South Dakota.LendingQuest Management Obtains $75M in Acquisition Financing for Multifamily Community in Metro BaltimoreMar 23, 2026PIKESVILLE, MD. — Stevenson, Md.-based Quest Management Group has obtained a $75 million agency loan to finance the acquisition of The Worthington Apartments, a 612-unit multifamily community located in Pikesville, roughly 15 miles northwest of Baltimore.TenantsBFC Partners Inks 14K-SF Lease at RFR’s 17 State StreetMar 23, 2026Real estate development firm BFC Partners has signed a 10-year, 13,758-square-foot lease for an entire floor at RFR Holding’s 17 State Street, Commercial Observer has learned.Representative imageTenantsIndustrialConnect Industrial Midwest 2026 Recap (VIDEO)Mar 20, 2026At the recent Connect Industrial Midwest event, leaders from across the commercial real estate industry gathered to discuss the combination of steady fundamentals, improving leasing activity, and renewed capital movement in industrial.