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Net lease news – page 367
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National Development Trades Charlestown Parking GarageColliers facilitated the exclusive sale of the Nautica Parking Garage, a 297-space structured parking facility at 88 Constitution Rd. in Boston’s Charlestown neighborhood. The property was sold for $12,850,000 to a partnership of Sunrise Capital Investors and Parking Advisors.
BREAKING NEWS: Savills Acquiring Eastdil for Reported US$1.2BGlobal brokerage Savills plc has agreed to buy real estate investment bank Eastdil Secured. The purchase price would be approximately £900 million, or US$1.2 billion, Green Street News first reported.
POP MART Opens Sixth Illinois Location at Old Orchard MallDesigner toy brand POP MART has opened a new store at Westfield Old Orchard Mall in Skokie. The latest location marks POP MART’s sixth location in Illinois, and the Old Orchard store will debut with a lineup of collections.
Representative imageSavills Reaches $1.2B Deal to Acquire Eastdil SecuredSavills has closed on a deal to buy Roy March’s Eastdil Secured for $1.2 billion, according to reports.
Eagle Partners Pays $163M for Two Senior Housing Complexes Near San DiegoEagle Partners is expanding its “attainable housing platform” in Southern California about four months after its first big acquisition in Los Angeles.
Peachtree Lends $103M in Miami Beach Convention Center Hotel RecapA joint venture between The Jesta Group, The Lotus Group and Chetrit Group has sealed $103 million of bridge debt for the recapitalization of the Hilton Miami Beach Convention Center Hotel, Commercial Observer can first report.
Representative imageLe Colonial Plans Manhattan Return With 10K-SF Restaurant at 50 West 57th StreetA well-known, but controversial, French-Vietnamese restaurant is making a comeback in Midtown in the summer of 2027.
Maman Bakery to Open at 66 Water Street in DumboPopular French bakery and cafe Maman, known for its Instagram-worthy pastries and sandwiches, is set to open a new location in Brooklyn’s Dumbo neighborhood this spring.
Dallas Eyeing Downtown Tower for New City HallThe 40-story Bryan Tower is being considered by Dallas as the location for a new City Hall. The Dallas Business Journal reports the owners of Bryan Tower, Pacific Elm, have been in discussions with the city regarding the city taking over the entire building.
Doggy Day Care 2.0 to Open New Location In Seaport DistrictWho let the dogs out? Certainly not their day care provider!
Accesso to Start Work on Expansive Austin Redevelopment ProjectAccesso will break ground on the multi-phase mixed-use project at the property at 7700 Parmer Lane in 2027, and will also renovate the existing office buildings on the campus, currently the fourth-largest office campus in the metro at 911,573 square feet.
H-E-B Rehabs Landfill, to Build Expanded Buda StoreAfter taking away nearly 20 feet of dirt from a Buda landfill, grocery giant H-E-B has been greenlit to build an expanded 135,000 square foot store. The town granted the chain a $20 million incentive package to support H-E-B’s remediation efforts.
Nashville Developer Buys Land for 53-Story Hotel/Condo TowerDAC Developments paid $22 million for nearly an acre at 319 Peabody St. in Nashville that it hopes will one day be the site of a 53-story hotel and condo tower. The Nashville Business Journal reports the tower would be the tallest in Nashville.
Escape Room Escapology to Open in 7K SF at 45 Rockefeller PlazaThis retail tenant couldn’t escape the draw of Rockefeller Plaza.
Developer Picks Up Concord Site for 8-Building Industrial ParkMcCraney Property Co. closed on the acquisition of 55 acres at 4518 Davidson Highway. The parcel sold for $5.45 million. The West Palm Beach developer partnered with Shoreline Capital to acquire the site. The buyers bought the site from American Asset Corp.
Bond Market Revisits Familiar Wartime Playbook with Very Different Oil BackdropExecutive Summary Investors have seen this movie before: rising geopolitical tension, a rush into Treasuries, and a swift repricing of interest‑rate expectations.
Landmark, Stockbridge Buy 801-Bed Student Housing Property in College Station, TexasCOLLEGE STATION, TEXAS — A partnership between Landmark Properties, a Georgia-based student housing owner-operator, and San Francisco-based investment firm Stockbridge has acquired an 801-bed property in College Station.
IPA Negotiates Sale of 438-Unit Apartment Community in North DallasDALLAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of IMT Prestonwood, a 438-unit apartment community in North Dallas.
Prime Sarasota Parcel Hits the MarketA 13,500 square foot retail building and a one time 99-room hotel are part of an assemblage that’s for sale in Sarasota. The asking price is $25 million.
Representative imageMelton & Melton Signs 31,013 SF Office Lease in Houston’s Westchase DistrictHOUSTON — Melton & Melton has signed a 31,013-square-foot office lease in Houston’s Westchase district. The accounting firm is relocating to Westchase Park I, which is part of a two-building, 579,032-square-foot campus.