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Net lease news – page 54
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Pinnacle Secures Financing for Fort Lauderdale Affordable Sr. HousingPinnacle secured $40.2 million in financing to develop a new mixed-use, affordable senior housing community in Fort Lauderdale.
HMF Americana Developing Charlotte Mixed-Use CommunityHMF Americana acquired a development site from Harris Teeter near the border of Stallings and Weddington in Charlotte to build a mixed-use community.
Reforming Pilates to Open New Studio at 233 East 34th Street in Murray HillAlmost started this story with a workout pun, but that would have been too much of a stretch.
Walmart to Build $1.3B Franklin County Fulfillment CenterWalmart plans to build a high-tech fulfillment center in Carnesville, creating 1,000 new jobs and bringing $1.3 billion in investment to Franklin County. Carnesville is approximately 85 miles northeast of Atlanta.
Tishman Speyer Completes $340M Refinancing of West Loop Office ComplexTishman Speyer has refinanced The Franklin, a two-tower office complex in Chicago’s West Loop, with a $340 million CMBS loan. The loan was led by JPMorgan with Bank of America and Deutsche Bank serving as co-lenders.
Newmark Arranges Sale of 1,027-Unit Multifamily Portfolio in North AustinAUSTIN, TEXAS — Newmark has arranged the sale of a portfolio of three multifamily properties totaling 1,027 units in North Austin. The portfolio comprises The Enclave at La Frontera (411 units), Lakeside at La Frontera (366 units) and Legends Lake Creek (250 units).
CEDARst Cos. Receives $80M Construction Loan for The Samuel Multifamily Property in San DiegoSAN DIEGO — Chicago-based CEDARst Cos. has received an $80 million construction loan forThe Samuel, a 197-unit multifamily project that will be located in San Diego’s North Park neighborhood.
Gilbane, CBRE IM Complete 484-Bed Student Housing Project Near University of California, BerkeleyBERKELEY, CALIF. — A partnership between Gilbane Development and CBRE Investment Management (IM) has completed Pique, a 484-bed student housing development located at 2587 Telegraph Ave. near the University of California, Berkeley campus.
PSRS Arranges $14M Loan for Refinancing of Industrial Flex Facility in Irvine, CaliforniaIRVINE, CALIF. — PSRS has arranged a $14 million loan for the refinancing of an industrial flex facility in Irvine. Formerly part of the St.
Marcus & Millichap Brokers $8.5M Sale of Wabash Marketplace Shopping Center in DenverDENVER — Marcus & Millichap has brokered the sale of Wabash Marketplace, a shopping center in Denver’s Cherry Creek neighborhood. An entity doing business as Wabash Retail LLC sold the property for $8.5 million, or $243 per square foot. Located at 8400 E.
Representative imageNewmark Arranges $215.8M Refinancing for Waypoint Multifamily Portfolio in FloridaTAMPA, FLA. — Newmark has arranged $215.8 million in bridge financing for a five-property multifamily portfolio in Florida.
Southeastern Tops Out 330-Unit Multifamily Redevelopment Project in HoustonHOUSTON — Georgia-based developer Southeastern has topped out a 330-unit multifamily redevelopment project in the Montrose neighborhood of Houston.
Newmark Arranges $215.8M Loan for 5-Property Florida Multifamily PortfolioNewmark arranged $215.8 million in bridge refinancing for Waypoint Residential’s five-property, 1,274-unit multifamily portfolio spanning key markets throughout Florida.
JLL Secures $76.3M in Financing for Luxury Apartment Development in West St. PaulWEST ST. PAUL, MINN. — JLL Capital Markets has arranged $76.3 million in financing for Thompson Oaks, a 291-unit luxury apartment community to be built in West St. Paul.
Representative imageHLCI to Develop 238,000 SF Industrial Project in North Fort WorthFORT WORTH, TEXAS — Holt Lunsford Commercial Investments (HLCI) will develop Meacham 820 Crossing, a 238,000-square-foot industrial project in North Fort Worth.
Newmark Zimmer Arranges 1.4 MSF Industrial Lease in Independence, MissouriINDEPENDENCE, MO. — Newmark Zimmer has arranged a 1.4 million-square-foot lease for a warehousing and distribution tenant at Space Center underground industrial park, which is located at 1500 Geospace Drive in Independence.
Northmarq Brokers Sale of 301-Unit Multifamily Property in Wichita, KansasWICHITA, KAN. — Northmarq has brokered the sale of Union Mill, a 301-unit luxury multifamily property in Wichita. Benjamin Davis, Jeff Lamott and Casey Wilhm of Northmarq represented the seller, TLC Properties. The buyer was UM Apts LLC.
Hunter Advisors Negotiates Sale of 196-Room Renaissance Milwaukee West HotelWAUWATOSA, WIS. — Hunter Advisors has negotiated the sale of the Renaissance Milwaukee West Hotel, a 196-room property in Wauwatosa, about 10 miles west of downtown Milwaukee. Spencer Davidson of Hunter brokered the transaction. Chicago-based Witness Investment was the buyer.
Aggregate Acquires Industrial, Retail Portfolio in Northern Virginia for $58MFAIRFAX, VA. — Fairfax-based Aggregate Real Estate Investors has purchased an 11-building retail and industrial portfolio in Northern Virginia from Clarke-Hook Corp. for $58 million.
Representative imageJLL Arranges Loan for Refinancing of 121,115 SF Office Building in Southwest AustinAUSTIN, TEXAS — JLL has arranged a loan of an undisclosed amount for Rollingwood III, a 121,115-square-foot office building in southwest Austin.