Net lease news – page 369

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DealWest Anderson Adds On-Campus UConn Hotel to Hospitality PortfolioMar 10, 2026West Anderson Partners, a hospitality-focused real estate investment firm, acquired the Graduate by Hilton Storrs, a lifestyle hotel in Storrs, CT, located directly on the campus of the University of Connecticut. The seller and acquisition price were not disclosed.Deal29th Street Capital Acquires 152-Unit Missouri Multifamily CommunityMar 10, 202629th Street Capital has acquired Lakewood Terrace, a 152-unit garden-style apartment community located in Belton, Missouri, approximately 20 miles south of downtown Kansas City.Development$35M Addition, Renovation to Nebraska Performing Arts Center Breaks GroundMar 10, 2026The Lied Center for Performing Arts in Lincoln officially broke ground on Building the Future, a $35 million privately funded addition and renovation to Nebraska’s Performing Arts Center.DevelopmentLong-Stalled Redevelopment Commences at Bakersfield’s Former East Hills MallMar 10, 2026The development team behind City Lights, a 350,000-square-foot open-air retail destination planned for Northeast Bakersfield on the site of the former East Hills Mall, announced that construction has begun on the project at 3000 Mall View Road.Representative imageDealProperty Management Firms Akam, Orsid Acquired by Audax Private EquityMar 10, 2026In the immortal words of Jedi master Qui-Gon Jinn, there’s always a bigger fish. Just four months after a merger between property management firms Akam and Orsid New York, both are being acquired by investment firm Audax Private Equity, Commercial Observer has learned.Representative imageOfficeSteve Cohen’s Point72 Takes 60K SF at Tishman Speyer’s SpiralMar 10, 2026Steve Cohen’s Point72 Asset Management is expanding its office presence in Hudson Yards.Representative imageLendingWelltower Secures $6.25B Revolving Credit Facility to Fund Capital DeploymentMar 10, 2026As America ages, capital keeps coming into the senior housing sector, with one company reaping outsize rewards.DealIndustrialCIRE Equity Pays $116M for Industrial Campus in L.A.’s San Fernando ValleyMar 10, 2026A San Diego-based private equity firm has closed on two adjacent industrial buildings that are fully leased in one of Southern California’s tightest industrial submarkets.TenantsIndustrialAviation Services Firm ASAK Solutions Leases 17K-SF Warehouse by JFK AirportMar 10, 2026ASAK Solutions, a company servicing airplanes upon landing, has leased an industrial site near John F. Kennedy International Airport in Queens.Representative imageMast Capital Plans West Palm Beach Condo TowerMar 10, 2026Camilo Miguel’s Mast Capital is getting into the condo game in West Palm Beach, Fla. The Miami-based developer has proposed a 25-story high-rise with 86 units at 400 Hibiscus Street in the city’s downtown.DealNoMad’s Senton Hotel Trades Hands for $27MMar 10, 2026Two investors have acquired a seven-story, 71-key hotel in Manhattan’s NoMad neighborhood for $27.2 million, according to property records made public Monday.LendingJLL Provides $126M Refi for Gowanus Wharf’s Union Channel Residential ComplexMar 10, 2026The Gowanus Wharf superproject just landed another round of financing as the first of its four buildings nears the end of its inaugural year of operations.Bernstein Proposes 24-Acre, Mixed-Use Development in Reston, Va.Mar 10, 2026There’s something brewing in Reston, Va. The plucky town of about 65,000 people, 23 miles northwest of Washington, D.C., has become one of the biggest development hubs in the DMV.DealGroceryParent Company of Food Bazaar Buys Astoria Retail Property for $101MMar 10, 2026Bogopa Enterprises, the parent company of the Food Bazaar supermarket chain, and its partner Shorewood Real Estate Group have purchased a grocery retail property in Astoria, Queens, according to property records made public Monday.LendingDwight Refis Astoria Apartments With $54M HUD LoanMar 10, 2026Tsilo Group has sealed $54 million of U.S. Department of Housing and Urban Development (HUD)-backed debt to refinance a newly built mixed-use apartment building in Astoria, Queens, Commercial Observer has learned.LendingCentersPalladium Advancing on 327-Unit McKinney Apartment CommunityMar 10, 2026Palladium USA closed on financing for Palladium Craig Ranch in McKinney, a new 327-unit multifamily development in Craig Ranch Town Center.DevelopmentIndustrialEastGroup Eyeing 1M-SF Frisco Industrial VentureMar 10, 2026EastGroup Properties plans to build a 98-acre warehouse development along SH 121 received the blessing from the Frisco City Council. The development will provide over 1 million square feet of office and industrial space across 11 buildings.TenantsCenters“Small-Format” IKEA Opening in PhoenixMar 10, 2026A small-format IKEA is getting ready to open at the Village Square II shopping center at 4643 E. Cactus Road. The smaller store will still be 75,000 square feet. It’s taking over the spot formerly occupied by Hobby Lobby.DealFort Collins Townhome Community Trades for $390K/UnitMar 10, 2026Granite Capital Group offloaded the Enclave Rigden Farm, a 105-unit, townhome-style multifamily property in Fort Collins, for $40.8 million. That comes out to nearly $390,000 a unit. Avanti Residential was the buyer.DealFoundry Acquires Three Florida Senior Care CentersMar 10, 2026Foundry Commercial has acquired three Florida assisted living and memory care facilities for $52 million. The three Florida properties are located in Jacksonville, Titusville and Plant City.