SIDE TOWNHOUSE

Bayport Funding, a leading direct portfolio lender for real estate investors, has provided a $4.7 million acquisition and construction loan for the ground-up construction of 76 West 105th St. The six-story property, developed by Moonshot Development, will span nearly 7,000 square feet across two triplex townhomes.

The property follows in the visual footsteps of INOA Architecture’s signature aesthetic, with a unique asymmetrical design, thin frame and granite-hued façade. This exterior provides for ample space for an outdoor community garden, while the upper levels have access to a full roof deck outlined by glass railings.

BeyondView, a digital twin technology firm, launched a new augmented reality (AR) feature for its enterprise, digital twin software. The AR feature will be introduced across a sampling of BeyondView’s clients including Healthpeak Properties, Silverstein Properties, Daiwa House USA, Physicians Realty Trust, Lillibridge,

Farley White Interests and WeWork.

The new AR feature blends the physical world with the digital universe, providing real-life context to BeyondView’s digital twins. Users will plunge into BeyondView’s platform which aligns the real-life space to the coordinating digital twin.

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Core Real Estate, in partnership with New Empire Corp. have broken ground on a residential building at 429 Second Ave. The full-service, 12-story residential building will be designed by DXA Studio, and offer a robust suite of services and amenity spaces. Designed by Paris Forino, common spaces will include a build-

The Necessity Retail REIT Inc. (RTL) have entered into a definitive merger agreement, under which GNL will acquire RTL in an all-stock transaction. GNL and RTL have also entered into a definitive agreement that will result in the combined entity becoming internally managed, with the external asset and property management functions currently performed by affiliates of AR Global LLC being internalized.

Based on portfolios as of March 31, 2023, the merger will create the third largest publicly traded net lease REIT with a global presence. The combined internally managed company, which ing roof deck and garden, coworking space, conference and media rooms as well as a fully equipped fitness center with steam room and sauna. will operate as Global Net Lease, is expected to own and manage over 1,350 properties and have an aggregate real estate asset value of approximately $9.6 billion at the closing of the transactions.

“This project brings highly amenitized living to Kip's Bay in a way we've not yet seen,” said Shaun Osher, CEO of Core Real Estate.

The deals are expected to close in the third quarter of 2023.

VICI Properties Inc. has entered into definitive agreements to acquire the real estate assets of Century Casino & Hotel Edmonton, Century Casino St. Albert and Century Mile Racetrack and Casino, each in Edmonton, Alberta and Century Downs Racetrack and Casino in Calgary, Alberta from Century Casinos Inc. for an aggregate purchase price of C$221.7 million (US$164.7 million) in cash. Simultaneously, the portfolio will be added to the existing triple-net master lease agreement between VICI Properties and Century.

"We are thrilled to announce our third international investment with the acquisition of Century's four Canadi- an casino assets, demonstrating our ongoing desire to expand internationally and confidence in the Canadian gaming market," said John Payne, president and chief operating officer of VICI Properties.

The transaction is expected to close in the second half of 2023.