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Net lease news – page 98
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Skender Completes 83,000 SF Headquarters for Harrison Street in Chicago’s Fulton MarketCHICAGO — Skender has completed the 83,000-square-foot build-out of Harrison Street Asset Management’s headquarters at The Fulton, an office property located at 919 W. Fulton Market in Chicago.
Matthews Brokers $9.5M Sale of Goodwill Distribution Facility in Greenwood, IndianaGREENWOOD, IND. — Matthews has brokered the $9.5 million sale of a Goodwill distribution facility in Greenwood. The transaction marked the highest-priced industrial property sale in the Johnson County submarket over the past year, according to Matthews.
Cardone Capital Pays $89.9M for 282-Unit Naples Multifamily CommunityCardone Capital paid $89.9 million, including 282 Bitcoin, for Orchid Run, a 282-unit apartment development in Naples, Florida. The Inland Real Estate Group of Companies was the seller.
Berkadia Arranges $89.9M Sale of Apartment Community in Naples, FloridaNAPLES, FLA. — Berkadia has arranged the $89.9 million sale of Orchid Run, a 282-unit, garden-style apartment community located at 10991 Lost Lake Drive in Naples.
JLL Brokers Sale of 273,105 SF Shopping Center in RaleighRALEIGH, N.C. — JLL has brokered the $36 million sale of Townridge Shopping Center, a 273,105-square-foot shopping center in Raleigh. Tom Kolarczyk, Michael Nieder and Brian Page of JLL represented the seller, Zeisler-Morgan Properties, in the transaction.
Finmarc Sells Shopping Center in Manassas, Virginia for $24.5MMANASSAS, VA. — Bethesda, Md.-based Finmarc Management Inc. has sold Festival at Manassas, a 117,675-square-foot shopping center in Northern Virginia, for $24.5 million. JCR Cos. purchased the grocery-anchored property, which is located at 10288-10388 Festival Lane in Manassas.
Morrison Avenue Completes 128-Bed Student Housing Development Near Auburn UniversityAUBURN, ALA. — Morrison Avenue Capital Partners has completed Hilltop Auburn, a 128-bed student housing property located near the Auburn University campus in Alabama. The community offers four- and five-bedroom townhomes with bed-to-bath parity and attached garages.
Landmark Properties Completes 397-Bed Student Housing Development Near Colorado State UniversityFORT COLLINS, COLO. — Landmark Properties has completed The Mark Fort Collins, a 397-bed student housing development located at 255 Johnson Drive near the Colorado State University campus in Fort Collins.
JLL Negotiates $30.4M Sale of Fully Leased Retail Center in Chula Vista, CaliforniaCHULA VISTA, CALIF. — JLL Capital Markets has arranged the $30.4 million sale of Terra Nova Plaza, a fully leased retail center in the San Diego Bay city of Chula Vista. A global investment manager sold the property to an undisclosed buyer.
Representative imageU.S. Consumer Prices Edge Up 0.1% in July; Annual Inflation Cools to 3.4%The Consumer Price Index rose 0.1% in July, rebounding from a 0.4% decline in June, the U.S. Bureau of Labor Statistics reported. Over the past 12 months, the index increased 3.4%, down slightly from 3.5% in June.
Looking Past the Noise: A More Nuanced View of MultifamilyThe multifamily market is entering a new phase defined less by broad national narratives and more by local realities, operational discipline, and selective opportunity.
SoFlo Homebuilders Prepare For Smaller, Pricier Market As Buyer Pool ShrinksDevelopers adapt to rising home prices and mortgage rates in South Florida, finding options to lure in buyers and lower expenses.
Venture One Real Estate Lands 132K SF Portfolio: The Chicago Deal SheetVenture One acquires a 132K SF industrial portfolio in the Chicago suburbs. Read more of the latest deals this week.
Law Firm Dunn Isaacson Rhee Establishes NYC Office at 7 World Trade CenterSilverstein Properties announced that Dunn Isaacson Rhee LLP has signed a new lease for 11,167 square feet of office space on the 34th floor of 7 World Trade Center. The lease establishes a New York office for the firm, an elite litigation boutique.
Newmark Closes Note Sale on San Pedro Adaptive ReuseNewmark arranged the sale of a note secured by Topaz Tower, a fully entitled adaptive reuse development project located at 222 W. 6th St. in San Pedro. The 12-story, 309,732-square-foot office tower is entitled for conversion to 246 market-rate multifamily units.
Venture X Coworking Location to Open in Pompano BeachPriddy Spaces has signed a 20,000-square-foot lease for a Venture X coworking location in Pompano Beach, Fla. The coworking operator signed a 10-year lease at a 44,102-square-foot office property within Grover Corlew’s Mayla Pompano mixed-use development.
Domain Lines Up $176M Financing for Mixed-Income Astoria RentalsThe Domain Companies has closed on $175.6 million in financing with Wells Fargo for a new mixed-income housing project called Elara, which will deliver 429 new apartments in Astoria, Queens. Domain’s equity partners on the deal are Canyon Partners Real Estate and BLDG Management.
La La Land Cafe Signs with Brixton Capital for First San Diego LocationBrixton Capital, a vertically integrated owner and operator of retail and multifamily properties, has secured a lease with La La Land Café to occupy the mezzanine terrace and café space at its upscale Del Mar Plaza retail destination.
JLL Arranges Sale of Two Twin Cities Seniors Housing PropertiesJLL has arranged the sale of Boulder Ponds Senior Living and Round Lake Senior Living, a 216-unit portfolio of seniors housing communities located in Lake Elmo and Arden Hills, Minnesota.
Debbie Pomerantz Launches Independent Multifamily BrokerageVeteran multifamily investment brokerage professional Debbie Pomerantz has launched an independent commercial real estate brokerage firm, DLP Real Estate.