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Net lease news – page 6
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The Plan: Tribeca’s 50 Hudson Debuts First-of-Its-Kind Glass Brick FacadeThe newly completed redevelopment project at Tribeca’s 50 Hudson Street is a bright, new light in New York City’s real estate scene — literally.
Housing Providers Bid For $4B In Federal Funding Despite Program's Murky FutureAmid legal issues, $4B in homeless funding faces delays, impacting housing nationwide.
Developer Buys Cambridge Office Building For Residential Conversion: The Boston Deal SheetSeattle-based Tourbineau proposed its first project in Boston, a conversion of 955 Massachusetts Ave. in Cambridge.
Data Center Developer Offers $10K Checks To Skeptical Pennsylvania ResidentsNorthPoint Development, which aims to build a 1,300-acre data center in Pennsylvania, offered $10K checks to residents as part of a community benefits package.
Boston's High-Rise Multifamily Era Is Over. Developers Don't Expect It To Return SoonDevelopers are shifting their focus to suburban low-rise projects due to rising construction costs, leaving high-rise plans behind.
European Flexible Workspace Provider Enters U.S. Market with DTLA LocationinfinitSpace, a Europe-based flexible workspace provider and technology platform, announced its entry into the U.S. through a long-term partnership for 612 S. Broadway in Downtown Los Angeles. The company’s first U.S.
Private Equity Firm Expands at SL Green’s One VanderbiltSL Green Realty Corp. announced that private equity firm Sentinel Capital Partners has signed a lease expansion covering 7,134 square feet on a portion of the 54th floor at One Vanderbilt Ave.
Westwood Financial Acquires Grocery-Anchored Huntington Beach CenterWestwood Financial has acquired Peninsula Marketplace, a 95,416-square-foot, Ralphs-anchored shopping center in Huntington Beach, for an undisclosed amount The property is 99% leased.
Family Dollar Closes $75M Sale-Leaseback for 47 Retail LocationsJLL and GA Group Real Estate announced today that it closed a $74.7 million sale-leaseback for a 47-property Family Dollar retail portfolio totaling 387,945 square feet across 19 states.
Representative imageBXP Sells D.C. Office to Jemal Equities for $92MBXP has unloaded a 254,000-square-foot office building in Washington, D.C.’s Dupont Circle for $92.3 million as the firm sheds older properties in the nation’s capital.
Arrow Linen Site in Park Slope Sells for Residential DevelopmentJLL Capital Markets arranged the $55-million sale of 441–467 Prospect Ave., a residential development site in Brooklyn’s Park Slope neighborhood.
KLNB Secures Lease for Gorjana Jewelry in Old Town AlexandriaKLNB has represented Gorjana Jewelry, a Southern California-based jewelry brand, in securing a new retail location at 724 King Street in Old Town Alexandria, Virginia. The deal was overseen by KLNB Vice President Forrest Morrill and Principal Joe Fleischmann.
Lululemon Inks Mag Mile Deal: The Chicago Deal SheetLearn more about what is happening in Chicago's commercial real estate world this week.
JV Acquires Hartford-Area Industrial with Long-Term TenantA joint venture comprising Regal Ventures, Snowball Developments and Devli Real Estate has acquired a 186,603-square-foot, single-tenant industrial asset located at 600 Day Hill Road in Windsor, CT, near Hartford’s Bradley International Airport.
Family Office Acquires Fresno Apartments from Long-Term OwnerNorthmarq’s Fresno Investment Sales team, led by Robin Kane and Brendan Kane, brokered the $2.23-million sale of 1550 W Swift Ave., an 18-unit multifamily property located at 1550 W. Swift Ave. in Fresno. The Northmarq team represented the seller, a Colorado-based family office.
Michigan Retail Center Welcomes 11 New TenantsRiverTown Crossings, an indoor shopping mall and entertainment destination in Grandville, Michigan, is expanding its offerings by adding 11 new tenants, bringing a mix of retail, dining and entertainment options to the center. The new leases total 33,208 square feet.
Price Brothers Awards CBRE Leasing Assignment for KC Office AssetPrice Brothers has appointed CBRE as the exclusive leasing agent for Valencia Place, a 10-story, approximately 250,000-square-foot office building at 444 W. 47th St. in Kansas City, built in 2000.
Hudson Pacific Sells San Francisco Office BuildingsHudson Pacific divests two San Francisco buildings, boosting capital while reducing risks. Learn more about its strategic moves.
Educational Nonprofit Signs Lease to Build Campus on Brooklyn’s Floyd Bennett FieldThe National Park Service has leased a 7-acre space in Brooklyn’s Marine Park neighborhood to a workforce development nonprofit.
Education Nonprofit To Develop Campus At Floyd Bennett Field: The N.Y. Deal SheetThe National Park Service leased 7 acres in Brooklyn to the nonprofit in a 60-year deal.