Net lease news – page 45

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Harrison Street Hires Dan Fanelli as Co-Head of U.S. Investment SolutionsSep 9, 2026Harrison Street Asset Management is appointing three new executives to lead its strategies in the U.S., Asia and Europe. Dan Fanelli will join the global investment management firm as managing director and co-head of its Investor Solutions Group, based in New York City.LendingGroceryMadison Realty Capital Lends $77M for Whole Foods-Anchored Texas DevelopmentSep 9, 2026A joint venture between Trademark Property Company and Harrison Street Asset Management has sealed $77 million of construction financing to build a mixed-use development in the Dallas-Fort Worth region anchored by Whole Foods, Commercial Observer has learned.Representative imageDealCBRE Investment Management Acquires $1.6B Net-Lease PortfolioSep 9, 2026CBRE Investment Management is placing a big bet on the net-lease business.Representative imageDealSkip the Script — a Great Seller’s Broker Creates a Strategy Based on Market FeedbackSep 9, 2026One of the biggest mistakes a broker can make when marketing an investment property for sale is prescribing the entire structured marketing process, including bid dates, number of bidding rounds, etc.DealBroadcom Acquires Irvine Headquarters CampusSep 9, 2026PRP Real Assets, a privately held real estate investment and management company headquartered in Washington, DC, has sold the Broadcom Corporate Campus in Irvine. Broadcom acquired the property from PRP for $325 million.Trammell Crow, Arlington Partnering on $123M Downtown Mixed-Use ProjectSep 9, 2026The Arlington City Council has approved an agreement that will transform the largest remaining area of surface parking in central Downtown into a major mixed-use development while also delivering new City-owned assets, public parking and infrastructure.LendingIndustrialMassHousing Closes on Financing for Swampscott Affordable DevelopmentSep 9, 2026MassHousing has closed on the final financing for the 114-unit The Westcott in Swampscott, developed by WinnCompanies on a former industrial site following approval by the Town of Swampscott.DevelopmentDiversified to Break Ground on 100K-SF Scottsdale Lakefront DevelopmentSep 9, 2026Diversified Partners will officially break ground in two weeks on The Lakefront at Scottsdale, its approximately 100,000-square-foot mixed-use redevelopment. The dated mixed-use venture will undergo a major conversion.DealSL Green Under Contract to Sell SoHo Offices for $226MSep 9, 2026SL Green Realty Corp. has entered into an agreement to sell 110 Greene St. in SoHo to Natora Group for $226.0 million. Gary Phillips, Will Silverman and Carly Shoulberg of Eastdil Secured advised SL Green on the sale of the mixed-use property.DealSL Green Sells 110 Greene Street to Natora Group for $226MSep 9, 2026SL Green Realty’s disposition strategy is now in full swing.DealCrestMarc, Midloch Acquire 294-Unit Apartment Complex in Huntsville, TexasSep 9, 2026HUNTSVILLE, TEXAS — A partnership between two investment firms, Dallas-based CrestMarc and Chicago-based Midloch Investment Partners, has acquired The Forum at Sam Houston, a 294-unit apartment complex located about 70 miles north of Houston in Huntsville.Representative imageLendingIndustrialLightstone Capital Provides Loan for Refinancing of Metro Houston Industrial BuildingSep 9, 2026CHANNELVIEW, TEXAS — Lightstone Capital, the debt financing arm of New York City-based Lightstone Group, has provided a loan of an undisclosed amount for an industrial building in Channelview, an eastern suburb of Houston. According to LoopNet Inc., the building at 300 S.Representative imageDealCentersNewmark Negotiates Sale of 51,664 SF Retail Center in Southlake, TexasSep 9, 2026SOUTHLAKE, TEXAS — Newmark has negotiated the sale of Cornerstone Plaza, a 51,664-square-foot shopping center in Southlake. Cook Children’s Medical Center anchors the two-building center, which was built in 2002 and was fully leased at the time of sale.DealCerberus Sells NNN Finance Unit Tenet Equity to CBRE Investment Management for $1.6BSep 9, 2026Cerberus Capital Management, L.P. has sold Tenet Equity to CBRE Investment Management, which is making its investment on behalf of several of its investment strategies, for $1.6 billion.Representative imageDealCentersMarcus & Millichap Brokers Sale of 9,920 SF Retail Strip Center in Missouri City, TexasSep 9, 2026MISSOURI CITY, TEXAS — Marcus & Millichap has brokered the sale of Brazos Lake Shopping Center, a 9,920-square-foot retail strip center in Missouri City, a southwestern suburb of Houston.LendingIndustrialBasis Closes Surprise Land Deal, Self-Storage Venture on WaySep 9, 2026Basis Industrial closed on the land and a $20.5 million construction loan for a new self-storage development at 17140 W. Waddell Road in Surprise, Ariz. The project will encompass approximately 102,673 square feet with 707 climate-controlled storage units upon completion.LendingDwight Refis LA-Area Apartments With $62M LoanSep 9, 2026GR Properties USA has sealed $62 million of bridge debt to refinance a newly developed multifamily project in suburban Los Angeles, Commercial Observer has learned.DealIndependence Realty Trust To Buy Centerspace, Creating $8.1B REITSep 9, 2026The all-stock deal will create a company with an $8.1B enterprise valuation and a firm that owns more than 44,000 apartments.TenantsOfficeAI Real Estate Platform Orbital Leases 11K SF at 40 West 25th StreetSep 9, 2026An artificial intelligence platform used to aid real estate attorneys is relocating its Manhattan office just a few blocks north, Commercial Observer has learned.DealIndustrialICP Acquires 680,000 SF Industrial Campus in Shrewsbury, MassachusettsSep 9, 2026SHREWSBURY, MASS. — Industrial Commercial Properties (ICP) has acquired a 680,000-square-foot industrial campus in Shrewsbury, located in Worcester County. The development at 65 Chestnut St. consists of two buildings that were built in the 1980s.