Net lease news – page 61

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LendingCedarSt Lands $80M for San Diego Multifamily ProjectAug 31, 2026CedarSt Companies has secured $80 million in construction financing for a 197-unit apartment development in San Diego’s North Park neighborhood.1,068-Unit Philly Apartment Complex Hits The MarketAug 31, 2026The city's largest apartment complex, near Philadelphia International Airport, is being marketed as a value-add investment opportunity.LendingTerra Nabs $245M Permanent Loan for 47-acre Project in Miami-DadeAug 31, 2026Terra has secured a $245 million permanent loan for the first phase of a 47-acre transit-oriented development near the edge of Miami-Dade County, the Miami-based development firm announced.DealCBRE Brokers Sale of Vintage Redlands ApartmentsAug 31, 2026CBRE announced the closing of The Kimberly Apartments, a 54-unit multifamily investment at 475 E Cypress Avenue in Redlands, California. Sirott Investments is listed as the owner. Eric Chen and Blake Torgerson exclusively represented the buyer in this transaction.Northmarq Hires Prominent Houston Retail Team Away From CBREAug 31, 2026Matt Berry and team strengthen Northmarq's retail platform with 1,300 deals, $9B in sales.DealOfficeEl Segundo Rivian R&D Facility Acquired for $27.25MAug 31, 2026Newmark arranged the $27.25 million sale of 401 Coral Circle, a 56,815-square-foot R&D office facility located in El Segundo, California. The property is 100% leased on a triple-net (NNN) basis to Rivian. The buyer was Majestic Realty.Sterling Equities Announces Leadership ShakeupAug 31, 2026Sterling Equities has announced a major leadership transition, with Fred, Richard, and Scott Wilpon moving on to pursue other ventures. Sterling partners Saul B.DealTorrance Apartments Trade for $350K/UnitAug 31, 2026CBRE facilitated the $21 million sale of Tournament Patio Apartments, a 60-unit multifamily community located at 4111 West 239th Street in Torrance, California. That comes out to $350,000 per unit.DealManga Hotels Pays $50M for Second NYC Hotel AcquisitionAug 31, 2026The Chelsean New York Hotel has traded hands for $50 million.DevelopmentIndustrialVanTrust Building 282K-SF Rancho Cordova Warehouse VentureAug 31, 2026VanTrust Real Estate has broken ground on Rio Del Oro Business Park, a new Class A industrial development in Rancho Cordova. The project will deliver three Class A shallow-bay buildings.JPI Adding 397 Apartments to City North DevelopmentAug 31, 2026JPI is planning a 397-unit apartment complex at City North, the 100-acre master planned community near TSMC in North Phoenix. CityNorth is the fourth phase of multifamily at the mixed-use development.LendingDwight Mortgage Trust Provides $70M Loan for Newark MultifamilyAug 31, 2026Dwight Mortgage Trust, the REIT affiliate of Dwight Capital, has provided a $70 million loan for Cosmo 440, a recently renovated, 216-unit multifamily tower in the Weequahic neighborhood of Newark, NJ. The borrower is an entity sponsored by Yisroel Berger.TenantsSelerix Insurance Services To Nearly Double Its HQ Size With Plano Lease: The DFW Deal SheetAug 31, 2026Selerix Insurance signs expansive lease at One Legacy Circle, consolidating offices under one roof.OfficeFinancial Services Firm Aegon Takes 21K SF at 125 West 57th StreetAug 31, 2026International financial services firm Aegon is moving its office kingdom to New York City.LendingOfficeCitadel Credit Union Provides $50M Refi on Philly Office TowerAug 31, 2026A joint venture between CSB Holdings and Tide Realty Capital has sealed a $50 million loan to refinance a newly acquired Philadelphia office tower, Commercial Observer has learned.Surging Costs Force Alexandria Developers To Shift PlansAug 31, 2026Developers like JBG Smith, Foulger Pratt and Whitaker Investment Corp. discuss the challenges of building new housing in the D.C. region.LendingCyrusOne Data Center Contributes To $4.6B Of New DistressAug 31, 2026Four asset classes report $4.6B in new distress, with CyrusOne's data center adding to the rise in distressed commercial loans.Representative imageWhere AI Stops in Commercial Real Estate, Judgment BeginsAug 31, 2026In this column on July 14, I wrote about something I believe is going to become increasingly important in business, particularly in commercial real estate: The value of information is declining while the value of judgment is increasing. The premise was relatively simple.National Park Service Considers Transferring Yosemite Land To DeveloperAug 31, 2026The National Park Service's potential Yosemite deal could boost access to the national park for a nearby property owned by developer Kingsbarn Realty Capital.LendingOfficeGatsby Florida Lands $119M Loan to Build Spec Palm Beach Gardens OfficeAug 31, 2026Development and investment firm Gatsby Florida has secured a $118.6 million loan from Cirrus Real Estate Partners to build a speculative luxury office complex in Palm Beach Gardens, Fla., Commercial Observer has learned.