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Net lease news – page 74
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Podmajersky to Build 12,000 SF Spec Industrial Facility in ChicagoCHICAGO — Developer Podmajersky Inc., led by John Podmajersky III, is developing a small-bay industrial facility totaling 12,000 square feet in Chicago’s East Pilsen area. Avison Young has been retained to market the speculative development at 2100 S. Canalport Ave. for lease.
How Landlords Are Cutting Their Eviction CostsBy Tom DeRose, co-founder and CEO at PandaGuarantee ___________________________________________________________________________________________ Contested evictions in New York City are the most expensive in the world, running $15,000 to $50,000 each.
Tavaco Properties Buys DMV Office for $29MTavaco Properties has added another discounted office property to its growing Greater Washington portfolio. The Los Angeles-based firm paid $28.5 million for a 272,300-square-foot building in Falls Church, Va., Business Journals first reported.
Revolution Medicines Nearing Agreement For 700K SF Lease In Redwood CityRevolution Medicines is expanding in Redwood City as it prepares to for commercial launch of oral cancer drugs.
Taconic, NREA Add Premium Indian Restaurant to Hell’s Kitchen Mixed-UseTaconic Partners and National Real Estate Advisors have signed a lease with Samudhra at The Ellery, a luxury mixed-use residential development at 312 W. 43rd St. in Hell’s Kitchen.
Representative imageFor Southern California, Defense Tech Is the Best Real Estate OffenseIt’s easy to assume Los Angeles’ biggest contribution to the defense industry and any war effort has been the production of movies and films that celebrate the heroism of combat.
Transwestern Signs New Grocer Lease at 680 North Lake Shore DriveTranswestern announced that the owners of 680 N. Lake Shore Drive, Golub & Company and TopMed Realty, signed a lease with 680 Lakeside Market, a 5,512-square-foot grocer. Transwestern Senior Vice President Katie Steele represented ownership in the transaction. “680 N.
Landmark Properties Delivers 1,261-Bed Student Housing Near USC CampusLandmark Properties has delivered The Standard at Los Angeles, a 429-unit, 1,261-bed student housing community at 3900 South Figueroa St., 0.3 miles from the University of Southern California in Los Angeles. It represents Landmark’s second ground-up development in LA.
Inland Completes Equity Raise for St. Paul Opportunity Zone MF ProjectInland Real Estate Investment Corporation announced the completion of the approximately $28 million equity raise for Office Conversion Opportunity Zone, LLC, a private real estate investment vehicle structured to qualify as a Qualified Opportunity Fund and sponsored by an…
Classical Christian School Acquires Permanent Upper West Side HomeDenham Wolf Real Estate Services represented The Geneva School of Manhattan in acquiring a permanent Upper West Side campus, securing a long-term home for the independent Classical Christian school.
Alliance Building Houston-Area Complex Amid Declining Multifamily ConstructionAlliance starts Broadstone Gosling Oaks amid multifamily construction decline in Houston area.
SENTRE Acquires Carlsbad Industrial Long-Term Leased to Glanbia NutritionalsCBRE facilitated the $26.6-million sale and financing of 2840 Loker Ave. East, a 104,298-square-foot industrial property in Carlsbad.
Newmark Arranges $277M Loan for Urby/Rockpoint JV on Jersey City ApartmentsNewmark arranged a $277-million construction loan on behalf of a joint venture between Urby and Rockpoint, for 201 Hudson – by Urby, a 748-unit multifamily development planned on the Jersey City waterfront.
Pennrose Cuts Ribbon on Second Phase of Providence Mixed-Income RentalsPennrose, the 195 District, the City of Providence, Rhode Island Gov. Dan McKee, Mayor Brett Smiley, and project partners held the grand opening of Tandem, the second and final phase of the transformation of a 195 District parcel into a 127-unit mixed-use, mixed-income community.
Hyatt Commercial Completes Office Lease in Maryland with Medical PracticeHyatt Commercial announced that Menocal Family Practice has leased approximately 8,000 square feet at 1800 Dual Highway in Hagerstown, Maryland. Hyatt Commercial brokers Treva Ghattas and Laurie Murphy-Zuiderhof represented the landlord in leasing the space.
Waterford Launches Construction on Milpitas Affordable HousingWaterford Property Company has begun construction on a 75-unit affordable housing community in the Santa Clara County city of Milpitas. The project is being financed with 4% low-income tax credits and private activity bonds and is set for completion in early 2028.
Alexandria Sells Cambridge Lab Condo Units For $45MDraper bought the Cambridge lab condos from life sciences REIT Alexandria, which had purchased them for $120M in 2022.
Developers To Bring 83K SF Industrial Project To Colleyville: The DFW Deal SheetShoal Creek Capital's Park brings Class-A space to supply-constrained Colleyville.
Banyan Street, Independencia Refi South Florida Office With $54MBanyan Street Capital and Independencia Asset Management have nabbed $53.5 million to refinance an office complex in Doral, Fla. Wells Fargo provided the financing that backs the 290,000-square-foot Doral Center property.
Wells Fargo Moves To Foreclose On $1.3B Workspace Property Trust PortfolioWells Fargo moves to foreclose on a nearly 10M SF real estate portfolio involving 143 properties across four states.