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Net lease news – page 55
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Holladay, Urban League Open East Nashville Affordable Housing CommunityNASHVILLE, TENN. — Holladay Ventures and the Urban League of Middle Tennessee (ULMT) have delivered Park24, a 140-unit affordable housing community in east Nashville. The property is located at 660 Joseph Ave. in the city’s McFerrin Park neighborhood.
Miami Is 'Desperate' For A New Office Tower. It's About To Get 2There will be multiple new Brickell towers going up for the first time in more than 15 years.
Greystar Sells Denver Apartment Building For $110MCarmel Partners purchased the property from Greystar.
Houston Industrial Supply Boom Tempered By Lack Of EquityHouston's industrial growth is hindered by equity scarcity, yet demand remains strong. Developments are continuing despite the constraints.
Albany Plans $25M Makeover for Government ComplexNew York’s Office of General Services (OGS) plans to spend $25 million to improve Empire State Plaza, a 98-acre complex of state government buildings in Albany, with the aim of creating a more active and accessible civic space.
New Apartment Building in Berkeley Heights Live-Work Campus Opens DoorsMove-ins are officially underway at RT500, a new 179-unit luxury community developed by The Connell Company in Berkeley Heights, NJ. The 11-story property is located within The Park, a 185-acre mixed-use campus about 30 minutes from downtown New York City.
Center City Office Owners Secure $50M For Lease-Up Effort: The Philadelphia Deal SheetCSB Holdings and Tide Realty Capital obtained a $50M loan from Citadel Credit Union for the 2000 Market St. tower.
LaSalle IM, Camber Pick Up Long Island Industrial PortfolioA joint venture of LaSalle Investment Management and Camber Real Estate Partners has acquired a three-property industrial portfolio spanning more than 270,000 square feet on Long Island for an undisclosed price.
Related Companies Snags 150K SF Lease at Upcoming Midtown TowerManhattan’s leasing frenzy continues, with global investment firm General Atlantic inking a long-term lease for more than 150,000 square feet at Related Cos.’ under-construction Midtown tower 625 Madison Ave.
Northmarq Arranges Refi for Van Nuys Warehouse PortfolioNorthmarq’s Los Angeles Debt + Equity team, led by Zalmi Klyne and Stanley Chu, successfully arranged $6.1 million in permanent financing for three flex/showroom industrial properties located within the Los Angeles metro.
Westfield Montgomery Owner Pays Off $350M Loan on Bethesda, Md., MallUnibail-Rodamco-Westfield (URW) has paid off a $350 million loan tied to the Westfield Montgomery shopping mall in Bethesda, Md., more than two years after the debt was transferred to special servicing. The 1.2 million-square-foot mall’s loan had been scheduled to mature Aug.
Childcare Franchise Adding 60K-SF of New Sacramento LocationsNational daycare franchise The Learning Experience is expanding across Sacramento with six new locations opening over the next two years, adding 60,000 square feet of freestanding commercial real estate across the region.
Vestal Point Capital Takes 12K SF at Rockrose Development’s 11 East 26th StreetInvestment firm and hedge fund manager Vestal Point Capital is relocating its offices within New York City.
NYC Human Resources Administration Extends 174K-SF Lease in MidtownThe New York City Department of Citywide Administrative Services (DCAS) extended the lease for a government agency in Midtown South.
NAI Inks Leasing Deal for Two Long Beach Retail CentersNAI Capital Commercial has been awarded the leasing assignment for two newly renovated, adjacent retail centers along Anaheim Street in Long Beach, California. David Maling will have the exclusive assignment.
Gantry Secures $23M for KS Multifamily Near Pittsburg State UniversityGantry has secured a $22.75 million permanent loan for the University Digs apartment community located at 1902 S Broadway St in Pittsburg, Kansas, directly adjacent to Pittsburg State University.
Affinius Capital Lends $310M for Jersey City Multifamily Tower BuildThe demand for apartments across the Hudson River keeps rising. Namdar Group has landed $310 million of construction financing to build a 47-story multifamily tower in Jersey City, N.J., Commercial Observer has learned.
Go Outdoors Heads to Boston for Marina PurchaseInvestment platform Go Outdoors has acquired Boston’s Constitution Marina for an undisclosed price, allowing the longtime owners of the top-rated waterfront facility to sail into retirement.
CBRE Arranges Acquisition of Newly Constructed Ohio Convenience StoreCBRE announced the acquisition of a single-tenant Sheetz convenience store at 495 Crescent Circle in Gahanna, Ohio, by 495 Crescent Circle Gahanna Ohio LLC, for $3.4 million in an all-cash 1031 exchange buyer transaction.
Hewlett-Packard Sells Affiliate HQ Campus, Leases It BackBluerock paid $330.7 million for Hewlett Packard Enterprises’ (HPE) Juniper Networks headquarters campus in Sunnyvale. HPE leased the building back from Bluerock. The lease term doesn’t expire until 2047.