Net lease news – page 365

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Tenants$530M Mall Sale Is Southern California’s Biggest Retail Deal in YearsMar 12, 2026Demand for large, open-air and lifestyle/destination retail has spiked in Southern California, and a joint venture just brought it to the next level after putting down more than half a billion dollars on one of the nation’s top-performing properties.DealLNR Partners Sells Retail Space Leased to Le Poisson Rouge for $21.3MMar 12, 2026LNR Partners, a subsidiary of Starwood Property Trust and a commercial mortgage special servicer, has sold a 27,541-square-foot retail condominium in Manhattan’s Greenwich Village for $21.3 million, according to city property records made public Thursday.DealSlate, Avenue Realty Capital Buy Tribeca Multifamily Building for $32MMar 12, 2026Slate Property Group and Avenue Realty Capital have partnered again, this time to acquire 45 White Street, a 16-unit multifamily rental property in Manhattan’s Tribeca neighborhood, Commercial Observer has learned.DevelopmentSean Ouellette of Kast Construction: 5 QuestionsMar 12, 2026Cranes continue to crowd South Florida skylines, and Sean Ouellette is at the center of the action. Ouellette is president and chief operating officer of Kast Construction, a West Palm Beach-based general contractor whose projects include an oceanfront resort in Central Florida.Representative imageBridge Housing Raises Over $92M for Affordable Housing Investment FundMar 12, 2026An investment fund recently launched by a San Francisco-based affordable housing developer has closed its first round on the way toward its goal of $1 billion in deployment potential.LendingBlackRock Provides $41M Refi for South Carolina Multifamily ComplexMar 12, 2026Evolve Companies has secured $41 million to refinance Evolve New Hope Farm, a 280-unit apartment community in Wellford, S.C., Commercial Observer can first report.DealOfficeSimon Singer’s FTK Capital Acquires Chicago Office Building for $25M via Note SaleMar 12, 2026A Chicago office building has changed hands and is beginning a new chapter, Commercial Observer has learned.DevelopmentIndustrialVestar Triggers Two AZ State Land AuctionsMar 12, 2026The $65 billion Taiwan Semiconductor Manufacturing Company plant in North Phoenix remains a magnet for development. The Phoenix Business Journal reports retail giant Vestar is hoping to build on two parcels totaling about 340 acres of Arizona State Land (ASLD) near the factory.LendingMadera Residential Picks Up Grand Prairie Rental CommunityMar 12, 2026TDI offloaded the 283-unit Jefferson Cove in Grand Prairie. Madera Residential was the buyer. Newmark’s Brian Murphy, Brian O’Boyle, Jr. and Richard Furr represented TDI in the transaction. Newmark’s Purvesh Gosalia arranged acquisition financing for Madera.LendingOfficeCMBS Special Servicing Rate Dips in February, but Retail Sees Big IncreaseMar 12, 2026The Trepp CMBS Special Servicing Rate declined modestly by 18 basis points in February to 10.73%. The decline resulted from seven office and three mixed-use loans transferring out of special servicing, but was nearly negated by a large retail loan’s transfer to special servicing.LendingReturn to Lender: Week of March 12, 2026Mar 12, 2026The post Return to Lender: Week of March 12, 2026 appeared first on Connect CRE.DevelopmentParkspring Breaks Ground on 240-Unit Fredericksburg Apartment ComplexMar 12, 2026Parkspring Multifamily is set to break ground on The Lucille, a 240-unit Class A garden-style apartment community on Friendship Lane just west of Main Street in Fredericksburg, Texas. The community will feature 240 residences across 156 one-bedroom and 84 two-bedroom homes.Representative imageDealSavills’ Eastdil Acquisition Builds Market Exposure for Both FirmsMar 12, 2026All systems were a go for the Wednesday revelation that a $1.1 billion deal for Savills’ acquisition of Eastdil Secured had been agreed upon.Texas People & Companies, March 13, 2026Mar 12, 2026The post Texas People & Companies, March 13, 2026 appeared first on Connect CRE.Florida People & Companies, March 13, 2026Mar 12, 2026The post Florida People & Companies, March 13, 2026 appeared first on Connect CRE.OfficeTrammell Crow Kicks Off Charlotte Foundry Redevelopment ProjectMar 12, 2026Trammell Crow Co. pulled its first permit for a Charlotte mixed-use project featuring apartments, a hotel, office and retail at the former Charlotte Pipe and Foundry site.DevelopmentToro Begins Work on 301-Unit Cumming City Center Rental CommunityMar 12, 2026Toro Development Company (TDC) has started work on Overlook, a 301-unit multifamily community within Cumming City Center. First units are expected to deliver in 2027.LendingBridgeInvest Provides $57M Construction Loan for Frisco Multifamily ProjectMar 12, 2026FRISCO, TEXAS — Miami-based lender BridgeInvest has provided a $57 million construction loan for Freemont Frisco Apartments, a 313-unit multifamily project that will be located on the northern outskirts of Dallas.DealBREAKING NEWS: Savills Acquisition of Eastdil to Create “Global Real Estate Powerhouse”Mar 12, 2026Savills plc on Thursday formally announced that it has agreed to acquire Eastdil Secured Holdings, LLC., creating what Savills called “a global real estate powerhouse.” The acquisition, expected to close in the second or third quarter of 2026, is for a total consideration of…Representative imageTenantsOfficePrime Controls Signs 49,715 SF Office Lease in Lewisville, TexasMar 12, 2026LEWISVILLE, TEXAS — Prime Controls has signed a 49,715-square-foot office lease in Lewisville, a northern suburb of Dallas. The supplier of industrial equipment is taking space within Corporate Pointe, a two-building development that is now 90 percent leased.