Northeast

The deal follows last week’s sale of 99 Greenwich Ave. by Midwood Investment & Development. The nearly 11,000-square-foot retail property triple-net leased to CVS through January 2038 was acquired by an institutional investor for $30 million.

MetroGroup Realty Finance recently provided financing to private investors for three separate 1031-exchange transactions involving the acquisition of four single-tenant triple-net lease assets in Illinois and Texas.

The firm has launched a new life sciences platform and has acquired a $152M life sciences campus in New Jersey.

With more than 7 million square feet of office space under construction, development is at new record levels not seen since the 1990s.

After revealing closing $140 million ground leases underlying office buildings in New York, NY and Austin, TX, the firm releases newly signed contracts in New York.

“Obtaining this facility allows PTC to execute on our plans of rapidly advancing our gene therapy pipeline.”

Alternative lenders can finance smaller developers and nontraditional real estate projects that major banks won’t touch.

NEW YORK—Assets in the net lease space can range from last mile distribution centers to convenience stores to micro hospitals to offices. But the…