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Net lease news – page 351
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Champaign Workforce Housing Development Launches Lease UpRoyse + Brinkmeyer announced the start of lease-up for The Pilot, a new mixed-income residential community that will deliver 151 modern apartments, townhomes, and lofts to Champaign’s historic In-Town Neighborhood.
Nonprofit Leases Two Floors for Largest Tenancy at 39 BroadwayNonprofit organization Fedcap has signed a new 37,760-square-foot lease for its new headquarters at 39 Broadway in Manhattan’s Financial District.
BH Properties Makes First Hawai‘ian AcquisitionLos Angeles-based investment firm BH Properties has acquired The Shops at Mauna Lani, a premier open-air retail center located along the Kohala Coast on the Island of Hawai‘i. Located at 68-1330 Mauna Lani Dr.
BHI Lends on Recapitalization of Midtown East Tower Ahead of Resi ConversionBHI, the U.S Branch of Bank Hapoalim, B.M.
Mark Strauss Riding Coast to Coast to Combat Childhood HungerManaging director, capital markets Mark Strauss of Walker & Dunlop is a man with a triple mission: to raise $1 million for million for No Kid Hungry, to raise awareness of childhood hunger, and to complete a coast-to-coast bicycle ride at the same time.
Fairfax County to Sell 42 Acres in Chantilly for $167M to Data Center DeveloperThe Fairfax County Board of Supervisors has agreed to a land sale deal following a recent public hearing. The county has agreed to sell about a third of the Chantilly law enforcement training campus for $166.8 million to a data center developer.
Boutique Art Deco Hotel in Miami Beach Could ExpandThe owners of the boutique San Juan Hotel in Miami Beach want to expand the historic property by adding a five-story structure, according to an application to the City of Miami Beach.
Trumark Homes Enters Pacific Northwest Market, Acquires JK MonarchTrumark Homes, a Western U.S. homebuilder, announced that it is expanding into the Pacific Northwest with the acquisition of Washington-based homebuilder JK Monarch.
MultiCare Acquires Former Rite Aid Site in RentonMultiCare Health System, an organization that provides hospital, clinic, and urgent care health care services across Washington state, has purchased a former Rite Aid at 3116 NE Sunset Blvd. in Renton for $7.3 million.
Pediatrics Practice Continues Expansion with Bellmore LocationColliers arranged a new 3,000-square-foot lease for Concierge Pediatrics at 2788 Merrick Rd. in Bellmore, NY. A Colliers team of Maria Valanzano and Steve D’Orazio represented the tenant in the transaction with landlord MK Bellmore Realty LLC.
Starwood Pays $4M an Acre to Build Data CentersThe Board of Supervisors in Virginia’s Fairfax County have agreed to sell an “underutilized” section of the county’s police training campus in Chantilly, ostensibly for more data center development.
NYC’s Real Estate Future Hinges on Development Incentives, Safety: PanelistsSome of the biggest names in and around New York City real estate gathered over coffee and croissants at Commercial Observer’s annual Future of New York event held March 19 at Marx Realty’s 10 Grand Central to discuss the impact of the new mayoral administration, shifting market…
Jonathan Rose Companies Acquires Affordable Housing Complex in Inwood for $53MJohnathan Rose Companies, a real estate development and investment company, has acquired a 126-unit affordable housing community at 210 Sherman Avenue in Manhattan’s Inwood neighborhood from Related Companies for $53 million, the company announced Friday.
Representative imageNot My First Rodeo: Beverly Hills Sees Surging New InvestmentIn the wealthy enclave of Beverly Hills, excess appears to be the defining feature.
Representative imageDecron Properties Lands $83M Fannie Mae Refi for SoCal Multifamily ComplexMultifamily activity is rare in Southern California’s Simi Valley, but a Los Angeles-based development firm just secured a hefty refinancing package tied to one of its apartment communities in the sleepy enclave.
BHI Provides $88M Bridge Loan for 845 Third Avenue’s Office-to-Resi ConversionAnother office-to-residential conversion is on its way to New York City, courtesy once again of Nathan Berman’s MetroLoft Management.
Bain Capital Provides $118M Refi for Fisher Brothers’ New Rental in MiamiFisher Brothers secured $117.5 million from Bain Capital to refinance a newly completed multifamily building in Miami’s Wynwood neighborhood.
BrightSpire Sells LIC Office Building to Pearl Realty at $36M DiscountCommercial real estate investment trust BrightSpire Capital has offloaded an office and retail building in Long Island City, Queens, for $28 million, according to city records made public this week. The price is $36.3 million less than what the building sold for three years ago.
Praelium Buys 17-Building R&D Portfolio Near Santa Barbara for $235MIrvine-based investment firm Praelium Commercial Real Estate has acquired a 17-building, 733,497-square-foot office, industrial and R&D portfolio in Goleta, Calif., just west of Santa Barbara, for $235 million, according to PropertyShark records.
Moody National Begins Construction on 346-Unit Multifamily Project in West HoustonHOUSTON — Locally based firm Moody National Development has broken ground on Silo Springs, a 346-unit multifamily project in West Houston that represents Phase I of a larger development.