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Net lease news – page 46
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Representative imageColliers Brokers $13.6M Sale of Medical Office Portfolio in Toms River, New JerseyTOMS RIVER, N.J. — Colliers has brokered the $13.6 million sale of a portfolio of two medical office buildings totaling 55,680 square feet in Toms River, located near the Jersey Shore.
Cowboy Space Leases 291,035 SF Industrial Facility in Kent, Washington for Production SiteKENT, WASH. — Cowboy Space, an aerospace and advanced manufacturing firm, has leased a 291,035-square-foot facility at 7650 S. 228th St. in Kent, a suburb 20 minutes south of Seattle, from CenterPoint.
Basis Industrial Buys Land in Surprise, Arizona for Development of 707-Unit Self-Storage FacilitySURPRISE, ARIZ. — Basis Industrial, a privately held and vertically integrated real estate owner and operator based in Delray Beach, Fla., has acquired a land parcel at 17140 W. Waddell Road in Surprise for the development of a self-storage facility.
MorningStar Senior Living Completes Recapitalization of 168-Unit Property in Las VegasLAS VEGAS — MorningStar Senior Living has recapitalized MorningStar Senior Living at The Canyons, a seniors housing property situated on 3.6 acres at 490 S. Hualapai Way in Las Vegas.
Representative imageLarken Associates Completes Renovation of 67,040 SF Office Building in Flemington, New JerseyFLEMINGTON, N.J. — Locally based owner-operator Larken Associates has completed the renovation of Raritan Commons, a 67,040-square-foot office building in Flemington, about 60 miles southwest of Manhattan.
Representative imageHKS Real Estate Arranges $7.8M in Construction Financing for Two Retail Developments in CaliforniaFRESNO AND CLOVIS, CALIF. — HKS Real Estate Advisors has arranged $7.8 million in construction financing for two ground-up retail developments in Fresno and Clovis.
JLL Arranges $112M in Acquisition Financing for Two Seniors Housing Communities in Metro ChicagoDEER PARK AND BATAVIA, ILL. — JLL Capital Markets has arranged $112 million in acquisition financing through a regional bank for a two-property seniors housing portfolio totaling 330 units in metro Chicago.
Amazon Occupies 312,474 SF Industrial Building in Romulus, MichiganROMULUS, MICH. — Amazon has moved into Building 4 at Romulus Trade Center in Michigan. Contegra Construction completed the 312,474-square-foot industrial building on behalf of NorthPoint Development.
Cushman & Wakefield Brokers $7.3M Sale of Cascade Apartments in Rochester, MinnesotaROCHESTER, MINN. — Cushman & Wakefield has brokered the $7.3 million sale of Cascade Apartments, a 44-unit property in Rochester. Chris Collins, Lance Steiger, Evan Miller and Erin Salway of Cushman & Wakefield represented the seller, Patina Management.
Representative imageStone Bridge Investment Group Acquires 135,303 SF Industrial Portfolio Near Akron, OhioJACKSON TOWNSHIP, OHIO — Stone Bridge Investment Group has acquired a two-building industrial portfolio at 7774 and 7810 Whipple Ave. NW in Jackson Township, south of Akron. The properties total 135,303 square feet.
Waller Urges Patience, but Bond Market Keeps Rate Hike in PlayExecutive Summary Federal Reserve Governor Christopher Waller is preaching patience before the central bank’s interest-rate decision next week.
Crescent Starts Work on 313-Unit Nashville Rental CommunityCrescent Communities is developing NOVEL oneC1TY, a new 313-unit residential community planned for oneC1TY, the mixed-use destination at the intersection of I-440 and Charlotte Avenue in West Nashville.
Development Group Inks $58M Construction Loan for Coconut Grove CondosA development team closed on a $58 million construction loan to build The Lincoln, a luxury boutique condominium with 48 residences in Coconut Grove, Florida. The project has begun construction and is scheduled for completion by Q3 2028.
The Plan: 360 Lexington Avenue Has Been ‘Completely Reinvented’If it’s been said once, it’s been said 1,000 times: Employees need a compelling reason to return to the office. At 360 Lexington Avenue, they are offered exactly that.
Lisa Silverstein Leads Silverstein Properties at an Auspicious TimeLisa Silverstein keeps a full calendar. The Silverstein Properties CEO and vice chairman sat down with Commercial Observer on the afternoon of July 7, just a few hours after the groundbreaking of the 2 million-square-foot 2 World Trade Center tower.
Inland Scoops Up 2 Senior Living Facilities: The Chicago Deal SheetInland acquires two senior communities in Illinois, marking over $1B in acquisitions.
Shorenstein Acquires Preston Center Office Tower: The DFW Deal SheetShorenstein acquires Sherry Lane Place, a key office tower in Dallas' Preston Center.
Blackstone Global Head Of Real Estate To Depart FirmNadeem Meghji is leaving Blackstone after nearly two decades at the company, with a leadership shakeup in the wake of the move.
Retail Dynasty Pushes Button On Pair Of London Coliving SchemesBlue Coast Capital and HUB are teaming up to build central London coliving spaces.
How Prologis Conquered The WorldPrologis' rise in real estate showcases strategy, innovation and key acquisitions.