Net lease news – page 71

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DevelopmentIndustrialHanover Co., Crow Holdings Capital Underway on 200,000 SF Industrial Project in Simi Valley, CaliforniaAug 26, 2026SIMI VALLEY, CALIF. — Hanover Co., in partnership with Crow Holdings Capital, is underway on construction of an industrial project on a 13-acre site at 903 Quimisa Drive in Simi Valley, located in southeastern California.Representative imageTenantsOfficeMitsubishi Corp. Signs 91,761 SF Office Lease in Downtown HoustonAug 26, 2026HOUSTON — Mitsubishi Corp. (Americas) has signed a 91,761-square-foot office lease in downtown Houston. The space spans floors 31 through 34 at 1100 Louisiana, a 55-story, 1.3 million-square-foot building that was developed in the early 1980s. Winfield Haggard Jr.LendingSlate Property Group Receives $86.2M Loan for Refinancing of Queens Apartment ComplexAug 26, 2026NEW YORK CITY — Locally based developer Slate Property Group has received an $86.2 million loan for the refinancing of Dutch House, a 186-unit apartment complex located in the Long Island City area of Queens.Representative imageLendingCentersJLL Arranges $73.5M Loan for Refinancing of Retail Power Center in McCandless, PennsylvaniaAug 26, 2026MCCANDLESS, PA. — JLL has arranged a $73.5 million loan for the refinancing of a 387,771-square-foot retail power center in McCandless, a northern suburb of Pittsburgh. McCandless Crossing was 99 percent leased at the time of the loan closing, with Lowe’s Home Improvement, T.J.Representative imageDevelopmentOfficeGeorge Comfort & Sons Underway on Renovation of 350,000 SF Office Building in Lower ManhattanAug 26, 2026NEW YORK CITY — Local owner-operator George Comfort & Sons is underway on the renovation of 44 Wall Street, a 350,000-square-foot office building in Lower Manhattan’s Financial District.LendingPartnership Receives $66.9M Loan for Refinancing of Active Adult Community in Fairway, KansasAug 26, 2026FAIRWAY, KAN. — A partnership between EPC Real Estate Group and Platform Ventures has received a $66.9 million loan for the refinancing for The Fieldston, an active adult community located in Fairway, approximately 10 miles southwest of Kansas City.OfficeLaw Firm Nutter Expands to 11K SF at Durst’s 5 Grand Central EastAug 26, 2026Law firm Nutter is taking more office space at one of the Durst Organization’s buildings near Grand Central Terminal, Commercial Observer has learned.TenantsOlympic Retail Users Taking Early Look At LAAug 25, 2026The 2028 Olympics are expected to boost demand for some kinds of retail as tenants rush to cash in on the buzz.OZ Incentives Weren't Enough To Blunt Economic Headwinds For Philly Multifamily ProjectsAug 25, 2026Philly multifamily OZ projects struggled in spite of the tax incentives due to broader economic challenges and local apartment market conditions.DealOfficeKoeppel Rosen Arranges Three Office Leases in Midtown, Midtown SouthAug 25, 2026Koeppel Rosen LLC, leasing and management agent for the Rosen family portfolio, has arranged nearly 18,000 square feet of new office space leases, comprised of separate transactions at three different properties in the company’s portfolio.DealMarcus & Millichap Brokers Sale of 490-Unit Multifamily in St. LouisAug 25, 2026Marcus & Millichap announced the sale of Trinity Park Apartments, a 490-unit multifamily property in North St. Louis. The property was sold through an online live bid auction sale conducted by Marcus & Millichap.DevelopmentIndustrialHanover Company Launches Construction on Its First SoCal IndustrialAug 25, 2026Hanover Company, alongside its capital partner, a real estate fund advised by Crow Holdings Capital, has begun construction on a ground-up industrial development in Simi Valley. The project marks the developer’s debut in the region.LendingAssociated Bank Finalizes Loan for Twelve-Acre Retail Project in OHAug 25, 2026Associated Bank announced the completion of a $9 million loan to GTZ Properties for development of Trailhead Crossing, a multi-building retail project at 1135-1131 US-36 in Delaware, Ohio, a suburb of Columbus.TenantsPlanet Fitness to Open at Sky Three Residences in West Brighton BeachAug 25, 2026Planet Fitness has signed a lease for 14,520 square feet of retail space at the base of Tower 3 at Sky Three Residences, 532 Neptune Ave. in Brooklyn’s West Brighton Beach neighborhood.IndustrialConnect Industrial West Experts Talk Challenges, Opportunities (VIDEO)Aug 25, 2026“We’re talking about industrial today, and it’s a really interesting state of the market in what we’re seeing.DealIndustrialStotan Acquires Itasca Industrial Facility Near O’Hare International AirportAug 25, 2026Stotan Industrial, in partnership with 56 Maple, acquired 1101 W. Thorndale Avenue in Itasca, Illinois, a 32,937 square foot industrial facility located in Chicago’s supply constrained O’Hare submarket.TenantsOfficeSheppard Takes 107K SF at In-Rel’s D.C. RedevelopmentAug 25, 2026One of the 50 highest-grossing law firms in the U.S. has signed an anchor lease at a planned Washington, D.C., trophy office redevelopment three years before its anticipated completion.DevelopmentEliot Spitzer Gains State Approval to Redevelop 985 Fifth Avenue After Legal BoutAug 25, 2026Former New York Gov. Eliot Spitzer will finally get to demolish 985 Fifth Avenue after suing the state to obtain approval.DealOfficeTwo Merritt 7 Office Properties Set for Residential ConversionAug 25, 2026CBRE completed the sale of 101 and 201 Merritt 7, two Class A office buildings totaling 511,318 square feet in Norwalk, CT on behalf of seller Merritt 7 Venture LLC.TenantsKCI Technologies, Inc. Set to Occupy 53K-SF at Maryland Business ParkAug 25, 2026KCI Technologies, Inc. (KCI), a professional services firm with nearly 70 regional offices across 20 states and the District of Columbia, has signed a lease with St. John Properties, Inc. for 53,344 square feet at the North Park business community in Hunt Valley, Maryland.