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Net lease news – page 38
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Representative imageHFO Investment Real Estate Brokers $10M Sale of Applegate Apartments in Gresham, OregonGRESHAM, ORE. — HFO Investment Real Estate has arranged the $10 million sale of Applegate Apartments, a multifamily community at 17726 S.E. Division St. in Gresham.
Representative imageCushman & Wakefield Arranges $163.9M Construction Loan for Northern New Jersey Multifamily ProjectPARAMUS, N.J. — Cushman & Wakefield has arranged a $163.9 million construction loan for The Bergen Chapter, a 426-unit multifamily project that will be located adjacent to Bergen Town Center Mall in the Northern New Jersey community of Paramus.
Related Cos. Underway on Affordable Housing Preservation, Expansion Project in Lower ManhattanNEW YORK CITY — Related Cos. is underway on an affordable housing preservation and expansion project at Tribeca Park, a 27-story, 396-unit mixed-income housing building in Lower Manhattan. Related Cos.
Representative imageSeefried Underway on 520,000 SF Spec Industrial Park in Des Plaines, IllinoisDES PLAINES, ILL. — Seefried Industrial Properties has completed demolition and is underway on a three-building, 520,000-square-foot industrial development in Des Plaines.
Representative imageCullinan Properties Secures 500,000 SF of Leasing Activity at Rock Run Collection in Joliet, IllinoisJOLIET, ILL. — Cullinan Properties has secured more than 500,000 square feet of executed deals current or coming to Rock Run Collection, including naming five additional national and regional retail tenants alongside the previously announced Dick’s House of Sport.
Avison Young Negotiates Sale of 200,696 SF Food Production Facility in Southeast WisconsinPLEASANT PRAIRIE, WIS. — Avison Young has brokered the sale of a 200,696-square-foot food production facility located within LakeView Corporate Park in Pleasant Prairie. Royal Oak Realty Trust, a New York-based real estate investment trust, acquired the property.
Minnesota DNR Signs 124,520 SF Headquarters Lease at River Park Plaza in St. PaulST. PAUL, MINN. — The Minnesota Department of Natural Resources (DNR) has selected River Park Plaza in St. Paul for its new headquarters.
Healthcare Realty Acquires $58M of Chapel Hill, Summerville Medical AssetsHealthcare Realty picked up a medical office building, an outpatient care facility in Summerville, SC, and a zoned parcel near that could accommodate another medical-related structure in Chapel Hill, NC. The seller was Hammes. The sales price was $56 million.
Advance Realty Completes 52-Unit Apartment Building in HobokenHOBOKEN, N.J. — Locally based developer Advance Realty Investors has completed Willow House, a 52-unit apartment building in Hoboken.
Embrey’s Garrett Karam Discusses Multifamily Investment StrategiesGarrett Karam is the chief investment officer at Embrey, a 52-year old vertically integrated multifamily developer that specializes in the Sun Belt and Mountain West regions.
Representative imageIn Los Angeles-Area Retail, a Widening DivideLos Angeles remains a locale that runs on ambition and the pursuit of opportunity. But a significant bifurcation is taking place.
Canadian CRE Investors Shrug Off Trade War, Spend $9B On U.S. AssetsCanadian commercial real estate investors are still sending money south despite tariffs and bluster from leaders on both sides of the border.
Oxford Properties' U.S. Investment Head On Why It's Buying Office Again — And WhereThe investment giant closed a $435M office purchase last month, and Oxford U.S. Head of Investments Ankit Bhatt spoke to Bisnow about its plans for more deals.
Brandon Johnson Seeks Second Term Amid Strained CRE RelationshipJohnson announced he will seek reelection in the upcoming Chicago mayoral campaign despite tension with local CRE leaders.
AmTrustRE Completes 360 Lexington Avenue RepositioningAmTrustRE has completed a comprehensive modernization at 360 Lexington Ave. in Manhattan. Led by preeminent New York-based architecture firm MdeAS Architects, the project reimagines the 268,000-square-foot office building as a modern, hospitality-driven workplace.
Hudson Pacific Extends Maturity on $1.1B Hollywood Media LoanHudson Pacific Properties, Inc. and its joint venture partner have extended the $1.1-billion CMBS loan secured by the Hollywood Media Portfolio. The extension moves the loan’s maturity to Nov.
Fertility Provider Opens Clinic At 1900 Lawrence Office Tower: The Denver Deal SheetSpring Fertility signed a 15-year, 13K SF lease at 1900 Lawrence St.
Friedman’s Restaurant Expands with Upper West Side LocationLee & Associates NYC announced that the ownership group behind Friedman’s Restaurant, Pastrami Queen and many other successful restaurant concepts has acquired an approximately 5,000-square-foot retail cooperative unit at 541-555 Amsterdam Ave.
Industry Experts on the Challenges, Opportunities in Western Industrial Market (VIDEO)“You’ll see requirements out in the market and [tenants] have 10 options, 15 options. So when we get a deal, we have to move fast.
Lineage Suing Solar Company Altus Power Over Boyle Heights Warehouse FireLineage blames Altus Power and Pearce Services for a warehouse fire that burned in the Boyle Heights neighborhood of Los Angeles for a week.