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Net lease news – page 374
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BART, Related California Break Ground on El Cerrito TODRelated California and Bay Area Rapid Transit (BART) have broken ground on the first phase of a transit-oriented development at the El Cerrito BART Station.
Lee & Associates Pacific Northwest Promotes John BrussLee & Associates | Pacific Northwest announced the promotion of John Brussa to principal. Since joining the firm in 2019, he has been instrumental in the continued expansion of the company’s industrial and office platform across King and Pierce Counties.
Monika Rais of Platinum Commercial: 5 QuestionsAt the beginning of the year, Platinum Commercial, the commercial real estate division of Platinum Properties, hired Monika Rais as its head of operations.
Phillips Edison Buys SoCal Shopping Plaza for $26MOne of the country’s largest owners of grocery-anchored plazas has acquired another retail property in Southern California’s Inland Empire region.
Representative imageBGO Pays $270M for 1 MSF Industrial AssetJLL Capital Markets arranged the acquisition loan. The post BGO Pays $270M for 1 MSF Industrial Asset appeared first on Commercial Property Executive.
Rapper Pitbull Wants to Replace His Childhood Miami Home With OfficeMiami rapper Pitbull, known for hit songs like “I Know You Want Me (Calle Ocho)” and “Fireball,” wants to replace his childhood home with an office building in Miami’s Wynwood neighborhood to serve as the headquarters of his music label. An entity tied to Pitbull’s Mr.
Thorofare Capital Provides $74M in Two SoCal Loan DealsLos Angeles-based Thorofare Capital is continuing the momentum after a strong 2025 with two senior mortgage loans in Southern California.
RWC Lending Provides $26M Refi for Long Island ApartmentsNamdar Group has sealed a $26.3 million loan to refinance a multifamily property near Long Island’s North Shore, Commercial Observer has learned. RWC Lending supplied the loan for the developer’s 55-unit 15 Bond project in Great Neck, N.Y., that opened in 2019.
Rosewood Greenlit for 2,000 Plano Apartment UnitsThe City of Plano has agreed to allow Rosewood Property Group to make changes to Heritage Creekside, a 156-acre mixed-use development located at the intersection of Plano Parkway and Alma Drive.
Maxim Capital Lends $70M on Boca Raton Resi TowerDeveloper Noam Ziv has landed $70 million of construction financing to build a condominium tower in Boca Raton, Fla., Commercial Observer has learned. Maxim Capital provided the loan for Ziv’s nine-story Glass House Boca Raton development slated for completion in late 2027.
CIRE Equity Acquires 307,883 SF Roscoe Woodley North LA Industrial Campus in Van Nuys, CaliforniaVAN NUYS, CALIF. — CIRE Equity has purchased Roscoe Woodley North LA Industrial Campus, a fully leased industrial property in Van Nuys. Terms of the transaction were not disclosed. Located at 8201-8221 Woodley Ave.
Representative imagePennrose Breaks Ground on 50-Unit Affordable Housing Community in Superior, ColoradoSUPERIOR, COLO. — Pennrose has broken ground on Kite Route Crossing, a 50-unit affordable multifamily property for residents age 55 and older in downtown Superior.
Credit Union Acquires Houston Office TowerFirst Community Credit Union will soon have a new headquarters. The company acquired the former Noble Energy Center Two, a 470,623-square-foot office tower in Houston’s Vintage Park/Tomball area. Currently, the credit union’s main offices are at 15260 FM 529 Road.
Representative imageGantry Secures $12M Construction-to-Permanent Loan for Assisted Living Project in OregonWOODBURN, ORE. — Gantry has secured a $12 million construction-to-permanent loan for the development of an assisted living facility in Woodburn. Charlie Kokernak and Tim Brown of Gantry arranged the 10-year, fixed-rate loan for the borrower, an affiliate of Benicia Senior Living.
Representative imageSLIB Arranges Sale of 42-Unit Seniors Housing Property in WashingtonCASHMERE, WASH. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a seniors housing community located in Cashmere in central Washington. Situated on roughly 1.5 acres, the community comprises 42 units.
Lightpath Building 282 Apartments in Emergent SeguinThe Lightpath Company is developing a $57 million multifamily project in the growing city of Seguin. The 282-unit apartment venture may be needed to accommodate the town’s explosive growth.
BLS: U.S Economy Loses 92,000 Jobs in February, Unemployment Rate RisesWASHINGTON, D.C. — The U.S. Bureau of Labor Statistics (BLS) has reported that the U.S. economy lost 92,000 jobs in February, compared to the previously estimated gain of roughly 50,000 by Dow Jones economists, according to CNBC. Meanwhile, the U.S.
Cromwell Commercial Eyes Elgin for Major Mixed-Use ProjectCromwell Commercial Group has plans to build a hotel in Elgin, as well as some other commercial real estate buildings. Cromwell received the go-ahead from the local town council to proceed with its 76-acre project called Silo Ranch.
Texas Woman’s University Opens $107M Health Sciences Center in DentonDENTON, TEXAS — Texas Woman’s University (TWU) has opened the $107 million health sciences center at its campus in the North Texas city of Denton.
Centrum, Sorelle File Plans for Charlotte Apartments, HotelCentrum Realty & Development and Sorelle Capital filed a development plan for 1.8 acres in Charlotte that calls for a 422-unit multifamily development, a hotel, a parking structure, and a restaurant and bar. Centrum acquired the multi-parcel assemblage between 2021 and 2023.