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Net lease news – page 75
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Jemals Sell Georgetown Building To Developer Planning ConversionDouglas sold the mixed-use 2715 M St. building in Georgetown to Adams Investment Group, which is planning to convert the commercial space to residential.
Indian Restaurant Samudhra Takes 10K SF at 312 West 43rd StreetNew Jersey-based Indian restaurant Samudhra is establishing a presence across the Hudson River in Hell’s Kitchen.
Truist Lends $277M on Jersey City Multifamily Tower BuildA joint venture between Rockpoint and Urby has secured $277 million of construction financing to develop the second phase of a multifamily tower in Jersey City, Commercial Observer has learned.
VIC Partners Obtains Construction Loan for 268-Unit FW Workforce Rental CommunityVIC Partners obtained a $36.5 million primary line of credit for the construction of Vic Centre, a 268-unit workforce-housing development at 7120 Anderson Blvd. in Fort Worth outside of Loop 820 and north of Interstate 30.
W Properties Mixing BTR and Garden-Style Apartments in MelissaW Properties plans to build a 252-unit garden-style multifamily community on approximately 12 acres adjacent to Everbloom (shown), the company’s 343-unit build-to-rent community in Melissa, Texas.
REITs Post Record High FFO in Q2 2026: NareitREITs posted record highs for funds from operations (FFO) and net operating income (NOI) in 2026’s second quarter while maintaining strong balance sheets, according to Nareit’s latest REIT Industry Tracker.
TCC, Daiwa House Break Ground on 687,338 SF Industrial Project in Southwest HoustonHOUSTON — A joint venture between Trammell Crow Co. (TCC) and Japanese developer Daiwa House has broken ground on a 687,338-square-foot industrial project in southwest Houston.
Representative imageMarcus & Millichap Brokers Sale of 218,689 SF Office Campus in Northwest HoustonHOUSTON — Marcus & Millichap has brokered the sale of The Preserve at North Loop, a 218,689-square-foot office campus in northwest Houston. Built in 1970, the 12.7-acre campus consists of seven buildings that were approximately 65 percent leased at the time of sale.
Representative imageMMCC Arranges $19.6M in Financing for Travel Center in Mount Pleasant, TexasMOUNT PLEASANT, TEXAS — Marcus & Millichap Capital Corp. (MMCC) has arranged $19.6 million in financing for a 9,557-square-foot travel center in Mount Pleasant, located in northeast Texas.
Representative imageHugs Café Inc. Opens $10M SF Headquarters Office in McKinney, TexasMCKINNEY, TEXAS — Hugs Café Inc., a nonprofit organization dedicated to providing training and employment for individuals with intellectual and developmental disabilities, has opened its $10 million headquarters office in McKinney, located north of Dallas.
Downtown Phoenix Luxury Hotel to Debut September 16Pacific Hospitality Group (PHG) is taking reservations for its latest hotel, the Denu Hotel & Spa in downtown Phoenix. The 236-room hotel is at 1 E. Adams Street in downtown Phoenix in a newly constructed 17-story building.
Timber Equities Receives $27.5M Loan for Refinancing of Manhattan Apartment BuildingNEW YORK CITY — Locally based owner-operator Timber Equities has received a $27.5 million loan for the refinancing of The Sophia, a 60-unit apartment building in Manhattan’s Inwood neighborhood.
Representative imageAtlantic Capital Partners Negotiates $8M Sale of Shopping Center in Milford, MassachusettsMILFORD, MASS. — Regional brokerage firm Atlantic Capital Partners (ACP) has negotiated the $8 million sale of Milford Square, a 50,326-square-foot shopping center located about 40 miles southwest of Boston.
Representative imageJLL Arranges Refinancing of 48,312 SF Medical Office Building in New Providence, New JerseyNEW PROVIDENCE, N.J. — JLL has arranged a loan of an undisclosed amount for the refinancing of a 48,312-square-foot medical office building in New Providence, about 25 miles west of New York City.
ALDI Reveals Westward ExpansionAs ALDI enters its 50th year in the United States, the low-price grocer is doubling down on its nationwide expansion, announcing plans to open more than 180 stores by the end of 2026.
Representative imageStout NYC to Open 13,900 SF Restaurant in Manhattan’s NoMad DistrictNEW YORK CITY — Stout NYC will open a 13,900-square-foot restaurant in Manhattan’s NoMad district. Dos Caminos formerly occupied the multi-level space at 373 Park Avenue S. Henry Rossignol of CBRE represented the tenant in the lease negotiations.
Kinsmen Property Group Plans to Bring 322 New Homes to 156-166 BoweryKinsmen Property Group, a New York City-based real estate development and investment firm, has big plans to build 322 homes along the Bowery in Manhattan’s Nolita neighborhood, Commercial Observer has learned.
Front Street Eyeing 8.4M-SF Lexington, NC Industrial DevelopmentFront Street Capital is pursuing an 850-acre master-planned industrial park in the city of Lexington. The city annexed the land to accommodate the project, but it still needs to create and approve zoning for the project.
Cushman & Wakefield Arranges $250M Refinancing for 506-Unit Seattle MFCushman & Wakefield has arranged a $250 million refinancing for Museum House, a newly completed 506-unit multifamily community in Seattle, Washington.
Representative imageAmazon to Invest $6B to Build New Data Center Campus in Shreveport, LouisianaSHREVEPORT, LA. — Amazon has unveiled plans to invest an estimated $6 billion in northwest Louisiana for the development of a new data center.