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Net lease news – page 49
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Representative imageThe Malin to Open 19,400 SF Coworking Space in Manhattan’s NoDo DistrictNEW YORK CITY — The Malin, a provider of flexible workspace solutions, will open a 19,400-square-foot coworking space in Manhattan’s NoDo district.
Trammell Crow-Led Team Delivers 686K-SF Atlanta-Area Warehouse FacilityTrammell Crow Company and its joint venture partner, a consortium led by CBRE Japan, have delivered Buford Creek Business Center, a three-building, 686,400-square-foot speculative industrial park in Buford, Georgia, approximately 30 miles northeast of Atlanta.
Atlantic Capital Brokers $48.2M Sale of Publix-Anchored Shopping Center in Columbus, GeorgiaCOLUMBUS, GA. — Atlantic Capital Partners has brokered the $48.2 million sale of Cross Country Plaza, a 304,735-square-foot shopping center located in Columbus. Anchored by Publix since 2011, the property was 95 percent leased at the time of sale to tenants including T.J.
Nonprofit Acquires Two Raleigh Office Buildings for Future Schools, HeadquartersRALEIGH, N.C. — Frankie Lemmon School and Foundation has acquired two office buildings located at 4401 and 4501 Atlantic Ave. in Raleigh. The 114,781-square-foot campus will serve as the nonprofit’s future home and will house the Frankie Lemmon School and Lemmon Tree Academy.
After Foreclosure Saga, Charles Cohen Plans Office Complex in Florida’s Dania BeachCharles Cohen is rising from the ashes of foreclosure with plans to build a speculative office complex in Dania Beach, Fla., near Fort Lauderdale’s main airport.
Marcus & Millichap Arranges $10M Sale of Manufacturing Facility in BaltimoreBALTIMORE — Marcus & Millichap has arranged the nearly $10 million sale of a single-tenant manufacturing facility located at 6901 Rolling Mill Road in Baltimore. Dejana Truck & Utility Equipment has occupied the facility for the past 21 years.
Mann Group Buys Luxury Apartments at 130 Hope Street in WilliamsburgClipper Equity’s hopes have been realized in the sale of a luxury rental building at 130 Hope Street in Williamsburg, Brooklyn, Commercial Observer has learned.
Eastwind Building 264-Unit Melbourne Apartment CommunityEastwind Development began construction of The Aston at Longleaf, a 264-unit luxury apartment community on Preserve Drive in Melbourne, Florida.
Investor Inks $75.1M Construction Loan for Miami Hotel RedevelopmentAssouline-Busch Capital inked a 75.1 million mid-construction recapitalization of The Monroe Hotel, an 89-key luxury boutique hotel under redevelopment at 3010 Collins Ave. in Miami Beach’s Faena District.
MBK Rental Living, Haseko Sell 315-Unit Zia Multifamily Community in AnaheimANAHEIM, CALIF. — MBK Rental Living and development partner Haseko Corp. have sold Zia, a 315-unit multifamily community in Anaheim that opened in September 2024. The buyer was an unnamed institutional investor.
Representative imageWaterfall Asset Management, Delaware Life Provide $64.7M Refinancing for Office Property in Torrance, CaliforniaTORRANCE, CALIF. — Waterfall Asset Management, an alternative investment manager, and Delaware Life have provided a $64.7 million loan facility for the refinancing of The Torrance, a Class A office property in Torrance.
Evergreen Development Acquires 11.7 Acres in Mesa, Arizona, Plans Mixed-Use ProjectMESA, ARIZ. — Evergreen Development has acquired 11.7 acres of land in Mesa, with plans to build a mixed-use project that will feature multifamily space and a new retail center.
Marcus & Millichap Arranges Sale of 516-Unit Self-Storage Facility in Windsor, ColoradoWINDSOR, COLO. — Marcus & Millichap has brokered the sale of Falcon Point Self Storage, a self-storage facility in Windsor. Terms of the transaction were not released.
Representative imageOffice’s Real Story Is the Spread Between Prime Space and Everything ElseThe office market is recovering. The data no longer leaves much room to argue otherwise. Net absorption nationally reached 12.6 million square feet in the second quarter, nearly double the prior quarter and the ninth consecutive quarter of positive demand, according to CBRE.
Representative imageColliers Arranges Sale of 1.5 MSF Industrial Portfolio in IndianapolisINDIANAPOLIS — Colliers has arranged the sale of the Indianapolis West Infill Industrial Portfolio, a 1.5 million-square-foot, 29-building light industrial portfolio located within the Park 100 and Park Fletcher industrial parks in Indianapolis.
A Wave of New York Office Tower Listings Tests the Market’s RecoveryIn a two-week period this July, Commercial Observer reported on three Midtown office towers hitting the market. First came BXP’s ground lease at 7 Times Square, asking north of $700 million for its slice of the 1.2 million-square-foot tower.
CIM Group Hires PIMCO’s Adam Lerer as Managing Director of InvestmentsSummer’s unofficially over, and it’s time to get back to work. For Adam Lerer, that means a brand-new desk at CIM Group.
Representative imageLower Manhattan Has Become a Model for Other Urban Hubs — Including MidtownThe transformation of Lower Manhattan was underway even before the Sept. 11 attacks 25 years ago. Still, given the scale of the tragedy, the area’s commercial real estate and demographic shifts are often defined with 9/11 as the starting point. Not so.
After 5 Years Of Gains, Commercial Real Estate's C-Suites Just Got Less DiverseFor the first time since Bisnow began tracking C-suite diversity in 2020, the industry got less diverse — not more. "People are leaving," one advocate says.
Future White Sox Owner Advances Push To Build New Riverside StadiumA company owned by minority owner Justin Ishbia unveiled renderings for a mixed-use development called The Railyards on the site of Amtrak's 47-acre rail yard.