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Net lease news – page 82
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Multi-Tenant Corona del Mar Retail Sells Above Asking PriceCoastal Commercial and Marcus & Millichap arranged the $13.7-million sale of 2515 E. Coast Highway, a prominent multi-tenant retail property located in Corona del Mar. The transaction was represented by Nathan Holthouser of Coastal Commercial and Ron Duong of Marcus & Millichap.
Walker & Dunlop Arranges Financing for Stamford Residential ConversionWalker & Dunlop has arranged a $74.5-million loan for the acquisition and redevelopment of The Caspian, a luxury development in Stamford, CT.
JLL Markets Vallejo’s Historic Mare Island Maritime CampusJLL has been retained to provide strategic advisory and brokerage services for Mare Island Maritime Campus, a 350-acre maritime industrial property with two million square feet of existing buildings and four operational dry docks.
Dov Hertz Offloads Major Staten Island Industrial Site for $167MA 53-acre industrial outdoor storage (IOS) parcel on Staten Island just changed hands for $167 million.
Lincoln Property Partnership Acquires $450M Mixed-Use Tri-State PortfolioLincoln Property Company, Saber-Hightower and Waterfall Asset Management have acquired a $450-million Tri-State portfolio spanning four million square feet of existing properties and prime development sites across 300 acres in New York, New Jersey and Connecticut.
Jaime Lee Joins Kennedy Wilson After Two Decades at L.A. Powerhouse JamisonAfter recently stepping down as the head of her family’s real estate firm — one of the most active developers in Los Angeles — Jaime Lee is taking a new role at Kennedy Wilson as senior managing director of capital markets and investments.
Massachusetts AG Orders Post-Merger Sale of Two Boston Apartment TowersTwo Boston apartment towers in the portfolio of newly merged Vivmark Residential will be sold under an agreement between Massachusetts Attorney General Andrea Joy Campbell and the merger partners, Equity Residential and AvalonBay Communities.
Goldie Initiative Draws Record Applicant Pool for 45 Scholar SpotsThe Goldie B. Wolfe Miller Women Leaders in Real Estate Initiative (The Goldie Initiative) recently announced scholarship winners for the upcoming school year.
Representative imageRexford to Sell $1.2B SoCal Portfolio to EQTRexford Industrial Realty is significantly slimming down its portfolio in Southern California.
To Rein In Costs, Philly Affordable Housing Players Look To Become 'Less Reliant On Consultants'Leaders in Philadelphia's affordable housing sector say they are adopting in-house strategies to manage costs as real estate expenses rise.
Entre Commercial Realty Negotiates Long-Term Lease at Truck Maintenance FacilityEntre Commercial Realty executed the lease of a 16,932-square-foot industrial building located at 675 Greenleaf Avenue in Elk Grove Village, Illinois. Entre represented Nearby Truck Repair LLC, a local diesel mechanic and fleet repair operator.
Chetrit Group 'Being Dissolved' As Family Turmoil SpiralsAmid health struggles and financial woes, Joseph and Meyer Chetrit's real estate empire faces dissolution.
Household Goods Seller Diamond Home Signs 7K-SF Lease at 20 West 36th StreetA household goods importer and distributor has signed a new office lease in Midtown South, Commercial Observer has learned.
Zar Property Buys NoHo’s 31-35 Great Jones Street for $21MZar Property NY has bought two NoHo mixed-use buildings at 31-35 Great Jones Street for $21 million, Commercial Observer has learned. The nearly identical adjacent buildings between Lafayette Street and the Bowery have been owned by the Scott family of Great Jones St.
MNRK Music Group Inks 8K SF at Rosen’s 443 Park Avenue SouthIndependent music company MNRK Music Group has leased 7,629 square feet at the Rosen family’s 443 Park Avenue South office building, Commercial Observer has learned.
ESRT Selling 1359 Broadway to Thor for $218MOnly a month after Commercial Observer learned it was going on the market, Empire State Realty Trust (ESRT) has found a buyer for 1359 Broadway in Thor Equities, which agreed to pay $218 million for the 22-story office building, according to sources.
TJ Maxx Parent Plans To Accelerate Store Openings In 2027TJX Cos. plans a 4% increase in TJ Maxx openings, boosting its global store target.
Finmarc Buys NoVA Office Complex for $78MFinmarc Management has acquired a pair of office towers in Tysons, Va., for $77.5 million as the company begins another wave of acquisitions while doubling down on office space in Northern Virginia.
L3 Capital Secures 24K SF for Bylt Basics, Zara Flagships in WilliamsburgL3 Capital’s 108 North Sixth Street and 184-192 Bedford Avenue are welcoming two retail flagships to Williamsburg, Brooklyn.
Starwood, Realterm Fund Record Industrial Outdoor Storage LoanThe milestone deal was secured by a joint venture of Stonemont Financial Group and Cerberus Capital Management for an 830-acre portfolio.