Net lease news – page 4

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Representative imageLondon’s Maison Estelle Is Taking Over New York’s Infamous Limelight ChurchSep 30, 2026The former site of one of Manhattan’s most iconic (and infamous) nightclub is getting a members-only rebrand.Representative imageIndustrialCushman & Wakefield Tapped to Market Properties Once Slated for Detention CentersSep 30, 2026The Trump administration is working with Cushman & Wakefield to offload seven industrial sites it had planned to convert to immigrant detention centers. Along with the U.S.LendingGGP Lines Up $400M Loan To Refinance New England's Largest MallSep 30, 2026Brookfield-owned GGP is finalizing a $400M refinancing deal for the largest mall in New England after securing leases to fill vacant space.DealMedicalBGO Snaps Up 11-Property Surgery Center PortfolioSep 30, 2026A joint venture of Flagship Healthcare Properties and AEW Capital Management have sold a 100 percent leased, 11-property portfolio of surgery centers across the U.S. to BGO, the buyer announced Wednesday.LendingIndustrialNorthwest Bank Lends $35M on Boston-Area Industrial BuySep 30, 2026Luzern Associates has landed $34.5 million of acquisition financing to purchase a three-building industrial campus in Boston’s North Shore area, Commercial Observer has learned.LendingOfficeJ.P. Morgan Snags £1B Loan For Spitalfields Office RedevelopmentSep 30, 2026ING and DBS provided £1B to redevelop One Spitalfields, offering 700K SF of office space, pre-let secured.Elme Finishes Liquidating With 3 D.C.-Area SalesSep 30, 2026Bethesda-based REIT Elme Communities announced that it will cease operations on Nov. 6.EliseAI Raises $350M In Funding Round, Plans Automation ExpansionSep 30, 2026EliseAI will use the funding to automate more of its customers' operations and to grow its teams across its North American offices.Representative imageTenantsDiscountBurlington Stores Inks 32K SF at Brooklyn Navy Yard’s Admirals Row CampusSep 30, 2026Burlington Stores is coming to the Brooklyn Navy Yard. The retailer formerly known as Burlington Coat Factory signed a 31,717-square-foot retail lease at 25 Navy Street, according to city records filed Tuesday evening.Representative imageDevelopmentKen Griffin Gives $3B to Carnegie Mellon to Launch 35-Acre Miami CampusSep 30, 2026Billionaire Ken Griffin is making a $3 billion donation to Carnegie Mellon University, including $2 billion to build a major new campus in Miami’s Wynwood neighborhood.DealKen Griffin Spending $3B To Bring Carnegie Mellon Campus To MiamiSep 30, 2026The Citadel founder paid $1.1B for 35 acres in the largest assemblage in Florida history.DealIndustrialCushman & Wakefield Arranges $57M Sale of Industrial Facility in MarylandSep 30, 2026Cushman & Wakefield arranged the $56.6 million sale of 8511 Pepco Place, a 202,976-square-foot industrial facility in Upper Marlboro, Maryland. Stockbridge acquired the property from TA Realty.LendingCitizens Bank Leads $78M Financing on Philly-Area Affordable Housing RehabSep 30, 2026Development firm People Restoring Communities (PRC) has sealed $77.61 million in construction financing for the rehabilitation of an affordable housing community in southern New Jersey, Commercial Observer has learned.Morningstar Announces New Global HQ at Chicago’s Thompson CenterSep 30, 2026Chicago-based financial services firm Morningstar, Inc., announced plans to relocate its global headquarters to the Thompson Center and plans to occupy more than 275,000 square feet.LendingEmpire Lands $65.5M Refi on Phoenix BTR CommunitySep 30, 2026Värde Partners closed on a $65.5 million loan to refinance Village at Sonoran Vista, a newly delivered build-to-rent community in Phoenix, Arizona.In Multifamily, AI Is What You Make It: ForumSep 30, 2026The age of artificial intelligence has real estate leaders rethinking how they address both the problems of the businesses they run and the clients they serve.DealGriffin Pays $1.1B for Miami Parcel, New Carnegie Mellon Campus on WaySep 30, 2026Moishe Mana, Founder and Chairman of Mana Common, closed the sale of approximately 30 acres of his Wynwood assemblage to Citadel Founder and CEO Ken Griffin for approximately $1.1 billion.LendingOfficeBWE Secures $42.5M Refi for Historic Nashville BuildingSep 30, 2026BWE secured $42.5 million to refinance the Baggage Building, a Class A mixed-use office and retail property that has an iconic place in Nashville’s storied history. DZL was the sponsor. BWE’s Nick Harb arranged the financing.Leadership Changes Hit 2 Apollo Real Estate FundsSep 30, 2026Jess Lipsey, head of Apollo Realty Income Solutions, and Spencer Propper, a manager of Apollo Diversified Real Estate Fund, are leaving the firm.LendingGreystone Provides $167M Financing for Affordable Housing Tower Development in MiamiSep 30, 2026MIAMI — Greystone has provided a loan package totaling $167 million for the construction of Gallery at Lummus Parc, an affordable housing high-rise development located at 395 N.W. 1st St. in Miami.