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Net lease news – page 382
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JLL IPT Adds Watertown Complex to Healthcare PortfolioJLL Income Property Trust (JLL IPT) has acquired West Boston Medical Center, a medical outpatient complex located at 485 Arsenal St. in the Greater Boston suburb of Watertown, MA, for approximately $32 million. The seller was not disclosed.
KLNB Secures Three Tenant Leases at Montrose Shopping Center in MDKLNB’s Maryland Landlord Team of Principal Ken Fellows and Associate Keiry Martinez has secured three new industrial leases at Montrose Shopping Center, located at 5520-5636 Randolph Road in Rockville, Maryland.
Forman Capital Provides $26M Loan for Indianapolis-Area Office ComplexForman Capital closed a $25.78 million bridge loan for Penn Mark I & II, a two-building complex with 242,481 square feet of combined office space located in Carmel, Indiana, within the Indianapolis MSA.
Transwestern Facilitates Full-Floor Expansion at DC Office BuildingTranswestern announced that Convene Hospitality Group (CHG) has expanded its footprint in Washington, D.C., with a 26,615-square-foot lease on the 6th floor at Hamilton Square, a 316,778-square-foot office property at 600 14th Street NW.
Industrious Will Debut New Workspace Format at 190 BoweryFlexible workspace provider Industrious will open The Parlor, a new open workspace format inside 190 Bowery. Industrious will operate a total 35,000 square feet at 190 Bowery, including four floors of private office suites.
Law Firm Wilson Elser Leases Full Floor at US Bank TowerSilverstein Properties on Monday announced a new 24,416-square-foot lease with Wilson Elser at US Bank Tower, its 72-story office tower in Downtown Los Angeles. As part of a 10-year lease, Wilson Elser will occupy the entire 31st floor of the US Bank Tower, relocating from 555 S.
SL Green, Wharton Properties Divest Upper East Side Jewelry StoreSL Green Realty Corp. and its joint venture partner, Jeff Sutton’s Wharton Properties, today announced that it has closed on the sale of 690 Madison Ave. for $54.5 million. The buyer was not disclosed.
7-Eleven Commercial Fueling Lanes Prototype Trades in San BernardinoHanley Investment Group Real Estate Advisors arranged the pre‑sale of a new construction, single‑tenant 7‑Eleven commercial fueling lanes prototype in San Bernardino, reportedly the first transaction of its kind to be marketed and sold in California.
Ariel Closes Sale of Eight-Building Prospect Park South PortfolioAriel Property Advisors closed the sale of a 411,892-square-foot, eight-building, 387-unit affordable housing portfolio situated in the Prospect Park South neighborhood of Brooklyn for $79.85 million, or $193 per square foot.
MassHousing Provides Financing for Somerville Afordable ProjectMassHousing and Just A Start recently closed on financing for 24 Webster Ave. in Union Square in Somerville, which will deliver 43 new, deeply affordable rental homes on the site of a vacant commercial space.
Peregrine Hospitality Acquires Tiburon, Los Gatos PropertiesPeregrine Hospitality, a full‑service hospitality owner‑operator of 57 hotels and resorts nationwide, has acquired two Northern California properties: The Lodge at Tiburon in Tiburon and Toll House Hotel in Los Gatos. Terms of the acquisitions were not disclosed.
Nordblom Proposes Apartments to Rise on Brookline Parking LotA seven-story building with 103 apartments is proposed for a parking lot in Brookline’s Coolidge Corner, but first it’ll need rezoning approval from Town Meeting voters, the Boston Business Journal reported. Developer Nordblom Co.
Report: Chicago Becoming National Leader in Quantum ComputingChicago is rapidly becoming a national leader in quantum computing innovation, according to a recent report by Newmark. The region was designated a U.S.
Wildfire Emergency Rent Caps Extended Through March 29Rental housing providers in Los Angeles County remain subject to limits on rent increases and restrictions on certain evictions following the vote by the county Board of Supervisors to extend wildfire-related price-gouging protections through March 29.
Ziegler Closes $633M Financing for NYC’s First CCRCSpecialty investment bank Ziegler has closed on $632,925,000 financing for River’s Edge, reportedly the largest senior living tax-exempt bond transaction to date.
Interra Realty Brokers $12M Sale of Vintage Kenwood Apartment BuildingInterra Realty brokered the $11.7 million sale of a 46-unit multifamily building at 4400 S. Drexel Blvd. in Chicago’s Kenwood neighborhood. The sale price equated to $254,347 per unit.
Latitude Commercial Signs Indiana Lease with Orthodontic GroupOrthodontic Experts, a rapidly growing orthodontic practice, has signed a long-term lease to occupy space at 5991 Central Avenue in Portage, Indiana, further expanding its footprint in Northwest Indiana.
RXR Closes on Financing for FiDi Office-to-Resi ConversionRXR, in partnership with One Investment Management, has closed on more financing for the $500-million-plus office-to-residential conversion of 61 Broadway, an office building in Manhattan’s Financial District, into a 796-unit residential tower.
Third-Generation Hotelier Acquires Santa Barbara Boutique PropertyColliers arranged the sale of the Franciscan Inn & Suites, a 53-room boutique hotel located in Santa Barbara’s West Beach district. The seller and local developer Ed St.
Betches Media Relocates Headquarters to Park Avenue SouthSavills has arranged a 23,038-square-foot lease for Betches Media, a digital media company for young women, at 360 Park Ave. South.