Net lease news

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LendingOfficeBlackstone, LBA Land $270M Office Refi in L.A.’s Culver CitySep 30, 2026Blackstone and LBA Realty are set to close a $270 million commercial mortgage-backed securities refinancing for an office campus in Southern California’s Culver City.TenantsNew Tenants Brings DivcoWest’s Hudson Square AI Hub to Full OccupancySep 30, 2026DivcoWest announced 325 Hudson St., a multitenant AI tech hub in Hudson Square, has reached 100% occupancy following recent leasing activity.DealIndustrialGalvanize Adds Orange County Industrial to Expanding PortfolioSep 30, 2026Galvanize Real Estate (GRE), the sustainable real estate strategy of Galvanize, has acquired a three-property, 280,000-square-foot industrial portfolio located in Orange County.DealLong Island City Redevelopment Site Trades to Queens DeveloperSep 30, 2026Marcus & Millichap recently closed the sale of 49-03 Fifth St., a redevelopment site in Long Island City. The asset sold for $6.1 million.DealGrocerySprouts-Anchored Retail Sells to California Gold DevelopmentSep 30, 2026Hanley Investment Group Real Estate Advisors arranged the $9.3-million sale of a Sprouts‑anchored retail property, which includes a 21,000‑square‑foot junior box lease‑up opportunity.TenantsOfficeQube Inks 52K-SF Deal at Related and Oxford’s 70 Hudson Yards DevelopmentSep 30, 2026Related Companies and Oxford Properties’ 70 Hudson Yards — a roughly 1.4 million-square-foot office tower that won’t be complete until 2028 — has secured another office tenant, Commercial Observer has learned.DealIndustrialOwner-User Acquires NJ Cold Storage FacilitySep 30, 2026Cushman & Wakefield arranged the $6-million sale of 609 10th St., an industrial and cold storage facility in Union City, NJ.Alcion Ventures, Slate Offload 60 East 12th Street for $83MSep 30, 2026A joint venture of Alcion Ventures and Slate Property Group is parting ways with a rental apartment building near Manhattan’s Union Square at a loss, Commercial Observer has learned.DevelopmentPlymouth Waterfront Hotel Set for RenovationsSep 30, 2026Haynes, a Massachusetts- and Rhode Island-based construction management firm, is leading a multi-level renovation of Hotel 1620, a boutique waterfront hotel in historic Plymouth, MA operated by Linchris and included in its Independent Collection of Hotels.DevelopmentAffirmed Housing Breaks Ground on Affordable TOD in La MesaSep 30, 2026The San Diego Metropolitan Transit System (MTS) and Affirmed Housing held the groundbreaking of Spring View, the latest transit-oriented affordable housing community to result from the organizations’ longstanding partnership.RFQ Seeks Design-Build Team to Reconstruct Coney Island BoardwalkSep 30, 2026The New York City Economic Development Corporation (NYCEDC) and the New York City Department of Parks and Recreation on Wednesday released a Request for Qualifications seeking a design-build team to lead the full reconstruction of the historic Riegelmann Boardwalk in Coney…LendingMercedes-Benz Miami Project’s $1.1B Financing Package Speeds Closer to CompletionSep 30, 2026Ladies and gents, start your engines. Mercedes-Benz Places–Miami’s construction financing is officially off to the races, sources confirmed to Commercial Observer. J.P.Walker Webcast: Chris Lee and KKR’s Different Investment RegimeSep 30, 2026When Chris Lee appeared on the Walker Webcast in February 2023, KKR Real Estate’s Partner and President said the firm was becoming more constructive about putting capital to work.DealIndustrialJLL IPT pays $90M for Worcester IndustrialSep 30, 2026JLL Income Property Trust (JLL IPT) has acquired Worcester Distribution Center, a Class A industrial building in the Western Boston submarket, for a purchase price of approximately $90 million. The seller was not disclosed.DevelopmentOfficeGould Starts $25M East End Office Renovation, Seeks Tenants For Top FloorsSep 30, 2026Gould Property Co. is investing $25M in 401 Ninth St. NW, the latest in a flurry of D.C. office renovations.TenantsOfficeBillionaire Josh Harris’s Firm Moving to New Miami Design District DevSep 30, 2026Developer Craig Robins has signed up office tenants at the newest development within the Miami Design District luxury mall, including the private equity firm of billionaire Josh Harris, who co-founded financial behemoth Apollo Global Management and owns the Washington Commanders…Representative imageLondon’s Maison Estelle Is Taking Over New York’s Infamous Limelight ChurchSep 30, 2026The former site of one of Manhattan’s most iconic (and infamous) nightclub is getting a members-only rebrand.Representative imageIndustrialCushman & Wakefield Tapped to Market Properties Once Slated for Detention CentersSep 30, 2026The Trump administration is working with Cushman & Wakefield to offload seven industrial sites it had planned to convert to immigrant detention centers. Along with the U.S.LendingGGP Lines Up $400M Loan To Refinance New England's Largest MallSep 30, 2026Brookfield-owned GGP is finalizing a $400M refinancing deal for the largest mall in New England after securing leases to fill vacant space.DealMedicalBGO Snaps Up 11-Property Surgery Center PortfolioSep 30, 2026A joint venture of Flagship Healthcare Properties and AEW Capital Management have sold a 100 percent leased, 11-property portfolio of surgery centers across the U.S. to BGO, the buyer announced Wednesday.