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Net lease news – page 53
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346K-SF Newport Beach Office Building Trades HandsGranite Properties sold its 346,300-square-foot office building at 100 Bayview Circle in Newport Beach, California. An L.A. Business First report states the building was 88% leased at the time to 36 tenants.
Suburban Chicago Shopping Center Sells For $122M In Major Retail DealFairbourne Properties bought Village Crossing in Skokie for $122M, one of the largest sales in the Chicago area since 2016.
Reuben Brothers’ Jordana Yechiel On the Firm’s Big Bet on Century CityCentury City has long been one of Los Angeles’ most concentrated office districts, but Reuben Brothers is betting that the area’s next chapter will look far more residential, experiential and luxury-driven.
Baby Boomers Help Push Atlanta Medical Space Rents Above Traditional OfficeBoomers' healthcare needs drive Atlanta medical office rents past traditional office space for the first time since the pandemic.
Canadian Group Buys Manhattan Hotel for $50MCanada’s Manga Hotel Group has purchased the Chelsean New York Hotel in Manhattan for $50 million, or more than $316,000 per key for the 158-key property.
Investor Duo Inks Refi on 301K-SF Torrance Office PropertyWaterfall Asset Management and Delaware Life closed on a $64.7 million loan facility to refinance The Torrance, a 301,000-square-foot Class A office property in Torrance, California.
U.S. Office Sales Show 31% Year-Over-Year GrowthOffice was the only one of the traditional CRE sectors that saw pricing increase and transaction volume grow.
Downtown D.C. Office Conversion Secures $176M Loan, New Majority PartnerOne of Washington, D.C.’s largest office-to-residential redevelopments has secured a new majority partner and $175.6 million in construction financing.
Georgetown Waterfront Office-To-Condo Conversion Lands FinancingOne Street Commercial Properties has inked the capital necessary to turn the 70K SF office building at 3333 K St. NW into 22 for-sale condo units and retail.
Geoff Mason Promoted to U.S. Chief Operating Officer of Unibail-Rodamco-WestfieldRetail operator Unibail-Rodamco-Westfield (URW) has elevated a longtime executive to the role of chief operating officer for its U.S. business.
Mamdani Administration Applauds Transfer Of 3 Distressed Rent-Stabilized BuildingsMayor Zohran Mamdani celebrated the transfer of three neglected rent-stabilized buildings to new ownership, ensuring tenant rehabilitation.
Sagehall Picks Up Chetrit Organization’s 428 Broadway for $47MAn entity linked to New York City-based private real estate investment firm Sagehall has purchased Chetrit Organization’s office building at 428 Broadway for $47 million, according to city records filed Thursday.
Rockpoint Buys Oceanfront Fort Lauderdale Hotel for $47MRockpoint and Newbond Holdings have paid $47.1 million for an oceanfront resort in Fort Lauderdale, Fla., property records show.
How Smart Builders Cut Costs During PreconstructionIn today’s market, builders are met with longer decision-making timelines and increased scrutiny over budgets before projects are approved, according to John Line, executive vice president with Farmington Hills, Michigan-based Huntington Construction.
Representative imageWarehouse Near Miami Airport Sells for $21MTerreno Realty has sold a 113,000-square-foot industrial property west of Miami International Airport for $21.3 million, according to a deed made public this week.
Dwight Investment Management Supplies $115M Refi on Charlotte ApartmentsDwight Investment Management, an affiliate of Dwight Capital, closed the loan for the Seventeen Hundred on East property that opened in January with 295 luxury apartments and 6,500 square feet of retail space.
Trinsic Building Apartments at Site of Notorious Wheat Ridge HotelCBRE facilitated the sale of a 5.83-acre redevelopment site in Wheat Ridge, Colorado, to Trinsic Residential Group. The firm plans to develop a 335-unit Class A multifamily community with modern amenities on the site.
Evergreen Building Mesa Apartments, RetailEvergreen Development acquired an 11.7-acre parcel north of Signal Butte and Warner in Mesa’s Eastmark submarket to build a mixed-use community that pairs multifamily housing with new retail. The property was purchased from Brookfield.
ORIX Acquires Two Texas Rental AssetsAn ORIX Corporation USA affiliate acquired three multifamily properties totaling 1,029 units in Texas (two) and Georgia (one).
Granite Sells Historic Dallas Office BuildingGranite Properties has sold Factory Six03, a 215,111-square-foot Class A creative office building located at 603 Munger Ave. in the heart of Dallas’ West End. DealCo was the buyer.