Net lease news – page 360

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TenantsOfficeBXP Secures 230K SF of Leases at 360 Park Ave. SouthMar 16, 2026BXP on Monday announced a series of long-term leases at 360 Park Ave. South, a 450,000-square-foot office building in Midtown South.DealCentersHanley Closes Four Retail Sales for Orange County InvestorMar 16, 2026Hanley Investment Group Real Estate Advisors completed the sale of four separate Southern California retail pad and strip center assets totaling more than $32 million. The properties were sold individually as part of a targeted break‑up strategy designed to maximize pricing.DevelopmentNYCEDC, Prospect Park Alliance Break Ground on Vale RestorationMar 16, 2026The New York Economic Development Corporation (NYCEDC), NYC Parks and Prospect Park Alliance broke ground Monday on the restoration of the Vale, in the northeast corner of Prospect Park.DevelopmentMulti-Use Arena, Sports and Entertainment District Planned for Big Bear LakeMar 16, 2026IDM and The Skate Board Association (SBA) formed a partnership with Cooperative LA, global design firm Populous, Visit Big Bear and Aambé, to develop the multi-use IDM Arena, elite high-altitude training facilities and a purpose-built community Sports and Entertainment District…Devon Assumes Management of Cedar Rapids Self-Storage FacilityMar 16, 2026Devon Self Storage, a member of The Inland Real Estate Group of Companies, Inc., has assumed property management for a self-storage facility in Cedar Rapids, Iowa. The two-story facility, located at 2100 Edgewood Rd SW in Cedar Rapids, opened in 2017.TenantsCresa Reps Russo Development in Bergen County Data Center LeaseMar 16, 2026Cresa’s Michael Morris, Sumner Putnam, Kensey Gawne and Matt Deutsch recently represented Russo Development in a 249,640-square-foot, full-building data center lease at 600 Commerce Blvd. in Carlstadt, NJ, to a confidential tenant.DealCBRE Arranges Sale of 34-Unit Multifamily in MilwaukeeMar 16, 2026CBRE has arranged the sale of Sage on Prospect, a 34-unit multifamily property in Milwaukee’s Lower East Side neighborhood. Three Sixty Real Estate Solutions, LLC, purchased the property from Dominion Properties for $8.25 million.LendingOfficeLargest Office-to-Resi Conversion in Massachusetts Secures FinancingMar 16, 2026MassDevelopment has partnered with primary lender The Washington Trust Company to provide $51,170,000 in loan financing to OCP Worcester Owner LLC, an affiliate of real estate development company and property owner Synergy, for the largest office-to-residential conversion in…Essex Companies Complete Logan Square Multifamily TransactionMar 16, 2026Essex Realty Group, Essex Three-Twelve, and Essex Capital Markets announced the closing of 3134 N. Kimball Avenue, a 22-unit multifamily property located in Chicago’s Logan Square neighborhood. The seller was represented by Jack Doyle, an associate of Essex Three-Twelve.TenantsLincoln, Bridge Investments Open Downtown Santa Cruz ApartmentsMar 16, 2026Lincoln Property Company and Bridge Investment Group joined with city leaders and community members recently for the grand opening of RiverRow, Lincoln’s first development in Santa Cruz.Representative imageIndustrialDMV Industrial Pipeline Doubles Year-Over-Year Because of Data CentersMar 16, 2026The DMV’s industrial development pipeline has more than doubled in size in the past year, making it one of the nation’s fastest-growing industrial landscapes.DealCenturion Realty Sells Mixed-Use Building in SoHo for $58MMar 16, 2026Midtown-based real estate firm Centurion Realty has offloaded a mixed-use property in Manhattan’s SoHo neighborhood at a bit of a discount.TenantsFocal Point Brewery Inks 5K-SF Deal at 420 Carroll StreetMar 16, 2026Focal Point Beer Company, a popular Long Island City-based craft brewery, is opening its second location and taking 5,000 square feet of retail space at 420 Carroll Street, a luxury residential building in Brooklyn’s Gowanus neighborhood, owner and developer the Domain Companies…Representative imageDealCentersAshkenazy Sells L.A. Retail Center to Cedars-Sinai for $270MMar 16, 2026The largest owner of luxury retail space in Beverly Hills has unloaded a 340,000-square-foot shopping center adjacent to the wealthy enclave.Representative imageOfficeBank of America to Grow Footprint to 2.4M SF at One Bryant ParkMar 16, 2026Bank of America is taking over almost the entire 2.44 million-square-foot office tower at One Bryant Park, which it owns in a joint venture with the Durst Organization.Representative imageDealPublic Storage to Buy National Storage Affiliates in Deal Valued at $10.5BMar 16, 2026Self-storage facilities operator Public Storage is buying National Storage Affiliates (NSA), a prominent self-storage property owner, in an all-stock deal valued at $10.5 billion, the company announced Monday.Representative imageDealHarbor Group International Pays $562M for 11 Multifamily AssetsMar 16, 2026A large U.S. multifamily portfolio is now on the move after a deal between a private multifamily powerhouse and a publicly traded real estate investment trust (REIT).LendingDwight Capital Supplies $56M HUD Loan for Dallas-Area ApartmentsMar 16, 2026StoneHawk Capital Partners has sealed $56 million of U.S. Department of Housing and Urban Development (HUD)-backed construction debt to build a multifamily development in suburban Dallas, Commercial Observer has learned.DevelopmentMedicalBroward Health Lands $97M to Build Another Medical OfficeMar 16, 2026Broward Health nabbed a $97 million loan to build a six-story medical office in Deerfield Beach, Fla., just two months after securing funding for another medical complex in Downtown Fort Lauderdale.LendingStryker, Griffon Capital Land $57M Construction Loan for Frisco ApartmentsMar 16, 2026BridgeInvest closed on a $57 million construction loan for the Frisco Fremont, a to-be-built 313-unit multifamily property in Frisco.