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Net lease news – page 355
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CBRE Arranges Sale of 69,032 SF Office Property in Anaheim, CaliforniaANAHEIM, CALIF. — CBRE has brokered the sale of an office building located at 2300 E. Katella Ave. in Anaheim. The property traded for $15.1 million. Anthony DeLorenzo, Sammy Cemo and Bryan Johnson of CBRE represented the institutional seller in the transaction.
DAUM Commercial Brokers Sale of 12,892 SF Warehouse in Canoga Park, CaliforniaCANOGA PARK, CALIF. — DAUM Commercial Real Estate Services has directed the sale of a warehouse building located at 805 Deering Ave. in Canoga Park. Chatsworth, Calif.-based Oak Cabessa of MAKS Enterprises acquired the property from 8015 Deering LLC for $3.8 million.
Newmark Zimmer Brokers Sale of 468,255 SF Vacant Headquarters Campus in KansasNEW CENTURY, KAN. — Newmark Zimmer has brokered the sale of a corporate campus with two buildings totaling 468,255 square feet in New Century. New Century 202 LLC, an entity affiliated with Sky Real Estate, was the buyer.
Monument Capital Management Sells Workforce Housing Community in Metro Chicago for $30MMT. PROSPECT, ILL. — Monument Capital Management, an A-Rod Corp. company, has sold Eclipse at 1450 for $30 million to Vladimir Novakic. The 222-unit workforce housing community is located at 1450 Busse Road in Mt. Prospect.
Matthews Hires JLL’s Clint Olsen as Executive Vice President in NYCCommercial real estate investment services and technology firm Matthews has hired Clint Olsen as its new executive vice president, Commercial Observer has learned.
Meta Lab Signs with Vornado for NYC Flagship LocationVornado Realty Trust has secured the New York flagship location for Meta Lab at 697 Fifth Ave. Meta signed a 10-year lease agreement with Vornado for Meta Lab New York to occupy the entire five-level, 15,000-square-foot townhouse building adjacent to the base of the St.
Bank of Hope Relocates Headquarters to DTLA’s Aon CenterColliers and Carolwood LP secured a lease for approximately 50,000 square feet of office space at the Aon Center, 707 Wilshire Blvd. in Downtown Los Angeles.
JV Secures $283M Refi on Upper West Side ApartmentsThe Dermot Company, a vertically integrated multifamily investment manager, owner, and operator, and joint venture partner Affinius Capital LLC have secured a loan to refinance 101 West End Ave., a 35-story, 502-unit apartment community on Manhattan’s Upper West Side.
LAI San Diego Installs 2026 Board, Honors Attorney Paul RobinsonLambda Alpha International (LAI) San Diego, the local chapter of the international land economics society, hosted its 48th Annual Crystal Globe Gala recently at Herb & Wood in San Diego, celebrating leadership,professional excellence and lasting contributions to the region’s…
Arrow Real Estate Advisors Arranges $53M Refinance for Illinois MFArrow Real Estate Advisors has arranged a $53 million balance sheet refinance for The Grove Phase I, a newly delivered 162-unit luxury multifamily property located at 8001 W. Belmont Avenue, River Grove, Illinois.
Transwestern Brokers IHDA Lease at Michigan PlazaTranswestern announced the Illinois Housing Development Authority (IHDA) signed a new, 72,645-square-foot lease at Michigan Plaza, 205 and 225 N. Michigan Ave.
Property Reserve Nabs Fully Leased Warehouse at NJ Turnpike Exit 8ACBRE arranged the sale of Eastpoint at Exit 8A, a 450,330-square-foot industrial facility centrally located between New York City, Philadelphia and Central New Jersey at 1065 Cranbury South River Rd.
MacKenzie Commercial Real Estate Tapped to Lease VA Mixed-Use DevelopmentMacKenzie Commercial Real Estate Services has been selected as the exclusive leasing broker for Culpeper Corner, a new mixed-use development in Culpeper, Virginia.
Gantry Secures $12M Refinance for Portland Region Industrial PropertyGantry has secured a $12 million permanent loan to refinance maturing debt for a pair of industrial warehouse buildings located at 5640 NE Wagon Drive Blvd in Hillsboro, a western suburb of the Portland MSA.
Northshore Mall in Peabody Adding Shake Shack, Fogo de ChãoNorthshore Mall in Peabody, MA is adding an extensive lineup of new retailers and restaurants this year, highlighted by the first North Shore locations of Fogo de Chão and Shake Shack. These additions reflect the shopping center’s continued evolution, according to landlord Simon.
Representative imageNorthBridge Buys Broward County Industrial Portfolio for $82MNorthBridge Partners paid $81.5 million for three warehouses in Lauderhill, Fla., property records show. The portfolio, which was built in the 1970s, totals 359,262 square feet and sits within the Elevate Broward industrial park.
Raven Property Advisors Adds Jared Sobel From W&D to Scale New Capital Markets BusinessRaven Property Advisors has hired Jared Sobel from Walker & Dunlop to accelerate growth in the brokerage’s newly launched capital markets division, Commercial Observer has learned.
L.A.’s Bank of Hope Moves HQ to Aon Center DowntownDowntown Los Angeles’ office market has struggled since the pandemic, but a slew of new leases in the central business district over the past few years reveal growing signs of recovery.
Representative imageJeff Sutton Sells Williamsburg Retail Property for $34MYoshida & Company, a Japanese accessory manufacturer and retailer, has acquired a retail property at 103 North Fourth Street in Williamsburg, Brooklyn, for $33.5 million, property records made public this week show.
Representative imageFed Maintains Interest Rates as CRE Confronts New Uncertainty From Iran WarThe Federal Reserve held interest rates steady for a second straight meeting Wednesday. The pause comes in the midst of the commercial real estate industry grappling with economic uncertainty as the war in Iran throws a monkey wrench into inflation trends.