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Net lease news – page 58
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Essex Realty Group Brokers Sale of 12-Unit MF in Tinley ParkEssex Realty Group completed the sale of 17114 71st Avenue, a 12-unit multifamily property in Tinley Park, Illinois, for $1.51 million. The property consists of ten two-bedroom, one-bathroom units and two one-bedroom, one-bathroom units.
Ridge Capital Offloads Two Ukiah Apartment ComplexesRidge Capital sold a two-apartment Northern California portfolio for $23.5 million. No buyer was disclosed. The apartment portfolio includes Sierra Sunset Village, a 68-unit development at 531 Capps Land and the Alderwood Apartments, a 53-unit venture at 1450 S.
Advanced Materials Firm Nearly Doubles MA FootprintCPS Technologies Corp., a NASDAQ-listed advanced materials company based in Massachusetts, is moving its headquarters and nearly doubling its footprint in the process.
Lender Group Provides $74.7M Loan for Riverside Townhome CommunityCanyon Partners Real Estate has jointly provided a $74.7 million senior construction loan with J.P.
Marcus & Millichap Brokers Sale of $10M Baltimore Industrial PropertyMarcus & Millichap brokered the sale of 6901 Rolling Mill Road, a single-tenant manufacturing facility in Baltimore. The asset sold for $9.96 million.
Vacant Industrial Property in Illinois Trades HandsMarcus & Millichap completed the sale of 421 W. Industrial Ave., a vacant, single-tenant industrial property in Effingham, Illinois.
Tishman Speyer Acquires 376-Unit Anaheim Rental CommunityTishman Speyer acquired Rise, a multifamily community encompassing 376 market-rate apartments in Anaheim’s Platinum Triangle District. MORE Residential has owned the property since 2022.
Development Team Starts Work on Milpitas Affordable Housing ProjectWaterford Property Co. has started construction of a 75-unit affordable multifamily property located at 1397 California Circle in Milpitas, located in California’s Santa Clara County.
Houston Firm Hires Former Floor & Decor Exec As President Of New OfferingPartners Real Estate appoints Bryan Dodge to lead occupier growth and development, aiding scalable growth.
Related Signs First Tenants At Madison Avenue Tower: The N.Y. Deal SheetGeneral Atlantic joins as anchor tenant at Plaza District office.
Tax-Exempt Commercial Mortgage-Backed Securities Are Having a MomentAs the need for affordable housing in the U.S. grows, the tax-exempt commercial mortgage-backed securities (CMBS) market is emerging as a potential financing tool to deliver more homes.
Tishman Misses Payment Deadline On $450M International Square LoanLandlord Tishman Speyer didn't pay back its $450M CMBS loan on a massive D.C. office complex when it matured last month.
Dermatology Chain LaserAway Adds 15th NYC Location on the Upper East SideSkin care, hair removal and body wellness services provider LaserAway is getting ready to open its 15th New York City location on Manhattan’s Upper East Side, Commercial Observer has learned.
Nuveen Green Capital Closes $173M C-PACE Loan on Miami-Area Condos ProjectThe continued strength of Commercial Property Assessed Clean Energy (C-PACE) debt as a construction financing tool has made a big splash in South Florida.
Related Ross Buys Land for Major Mixed-Use Dev in FloridaBillionaire Stephen Ross has closed on a land acquisition to build a major, open-air mixed-use development in Wellington, a village in Palm Beach County, Fla., renowned for its equestrian scene.
Investor General Atlantic to Anchor Related’s 625 Madison Avenue in 150K-SF DealRelated Companies just nabbed an anchor tenant for its under-construction office tower at 625 Madison Avenue in Manhattan’s Plaza District, the developer announced Tuesday.
Representative imageTrump Pushes Federal Film Tax Incentive as Hollywood Crisis DeepensPresident Donald Trump is calling on Congress to create a federal tax incentive for film and television production in what could be a major boost to Hollywood and the other drowning studio and soundstage markets in the U.S.
Walton Street Capital Refis Tampa-Area Apartments With $44M LoanA joint venture between Mast Capital and Rockpoint has sealed a $44 million loan to refinance a newly completed garden-style apartment community in a suburb north of Tampa, Fla., Commercial Observer has learned.
Cricket Training Facility Takes 14K SF Near Bryant Park for First U.S. LocationAnyone fancy a game of cricket? Century Cricket Centre, an Australia-based indoor cricket and sports-tech concept, will open its first U.S.
17-Story Denver Office Tower Trades for $3.6MA number of Denver office towers continue to suffer profitability issues. The 17-story tower, once known as Columbine Place, has been bought for $3.63 million. The Denver Business Journal reports building values in downtown Denver have dropped significantly since then.