Northeast

JLL Arranges $109.5M Loan for Refinancing of Apartment Building in Edgewater, New Jersey

by Taylor Williams May 4, 2026

EDGEWATER, N.J. — JLL has arranged a $109.5 million bridge loan for refinancing of a 226-unit, newly renovated apartment building in the Northern New Jersey community of Edgewater. Edgewater Riello features one-, two-, three- and four-bedroom units with an average size of 1,139 square feet, as well as penthouse suites. Amenities include a fitness center, sauna, golf simulator, resident party room and an outdoor lounge. JLL arranged the three-year, floating-rate loan through MF1 Capital on behalf of the sponsors, Skylight Real Estate Partners and PCCP.

May 4, 2026

Loans New York Northeast Office

Olshan Properties Receives $40M Loan for Refinancing of Manhattan Office Building

by Taylor Williams May 4, 2026

NEW YORK CITY — An affiliate of Olshan Properties has received a $40 million loan for the refinancing of 99 Hudson Street, a 183,958-square-foot office building in Manhattan’s Tribeca neighborhood. Completed in 1930, the 17-story building was 97 percent leased at the time of the loan closing. Tenants include Chobani, plant-based meal delivery service Daily Harvest, consulting firm HR&A Advisors and ODA Architecture. Steven Klein led the JLL team that arranged the loan through an undisclosed life insurance company on behalf of ownership.

May 4, 2026

Acquisitions Industrial Massachusetts Northeast Self-Storage

Davis Cos. Sells 491-Unit Self-Storage Facility in Boston

by Taylor Williams May 4, 2026

BOSTON — Locally based owner-operator The Davis Cos. has sold a 491-unit self-storage facility in Boston’s Brighton neighborhood. Davis acquired the facility at 235 N. Beacon St., which spans 28,885 net rentable square feet, in April 2018 and subsequently implemented capital improvements, as well as a 56-unit, second-story expansion. Extra Space Storage operates the facility, which was 90 percent occupied at the time of sale. The buyer was a joint venture between Invesco Real Estate and Baranof Holdings.

May 4, 2026

Acquisitions Northeast Office Rhode Island

FM Acquires 290,000 SF Office Building in Downtown Providence

by Taylor Williams May 4, 2026

PROVIDENCE, R.I. — FM, a Rhode Island-based commercial property insurer, has acquired 10 Memorial Boulevard, an office building in downtown Providence. According to LoopNet Inc., the 10-story building was constructed in 2006 and totals 290,000 square feet. Amenities include a fitness center and an onsite restaurant, per LoopNet. FM plans to occupy a portion of the space. The seller and sales price were not disclosed.

May 4, 2026

Campello-Apartments-Brockton-Massachusetts

Affordable Housing Development Loans Massachusetts Multifamily Northeast

MassHousing Provides $50M in Financing for Affordable Housing Redevelopment in Brockton, Massachusetts

by Taylor Williams May 1, 2026

BROCKTON, MASS. — MassHousing has provided $50 million in financing for an affordable housing redevelopment project in Brockton, a southern suburb of Boston. The financing consists of $28.2 million in permanent debt, $20.7 million in tax credit bridge financing and $1 million in Capital Magnet Fund financing. Santander Bank is financing construction. The property in question is Campello Apartments, a distressed public housing project that was originally built in 1972, and the redevelopment will involve the demolition of a single-story building and two existing Campello high-rise buildings totaling 398 units. The first of the project’s three planned phases will feature a seven-story building with 144 units that will be reserved for households earning between 30 and 60 percent of the area median income. Amenities will include a main lounge on the ground floor, as well as laundry, fitness and social gathering spaces. The Brockton Housing Authority and Cambridge Housing Authority are leading the redevelopment, with BWA Architecture handling design and Shawmut Construction serving as the general contractor. An expected completion date was not announced.

May 1, 2026

Acquisitions Multifamily New Jersey Northeast

Landmark Cos. Acquires Northern New Jersey Apartment Complex for $35M

by Taylor Williams May 1, 2026

PISCATAWAY, N.J. — Landmark Cos. has acquired The Grove at Piscataway, a 110-unit apartment complex in Northern New Jersey, for $35 million. Built in 2020, the property consists of three residential buildings that house one- and two-bedroom units with an average size of 978 square feet, as well as a clubhouse building. Twenty percent (22) of the units are subject to income restrictions. Other amenities include a pool, outdoor grilling and dining stations, a fitness center, social lounge with billiards and coworking space. Mike Oliver, Jose Cruz, Steve Simonelli, Elizabeth DeVesty, Ryan Robertson and Austin Pierce of JLL represented Landmark in the transaction. The seller was not disclosed.

May 1, 2026

Industrial Loans New York Northeast

Cushman & Wakefield Arranges $28.2M Acquisition Loan for Industrial Portfolio in Mamaroneck, New York

by Taylor Williams May 1, 2026

MAMARONECK, N.Y. — Cushman & Wakefield has arranged a $28.2 million acquisition loan for a portfolio of six small-bay industrial buildings in Mamaroneck, located north of New York City in Westchester County. The square footage of the portfolio was not disclosed. John Alascio, T.J. Sullivan and Mitch Rothstein of Cushman & Wakefield originated the floating-rate loan through Sound Point Capital Management. The borrower was also not disclosed.

May 1, 2026

Healthcare Leasing Activity Massachusetts Northeast

Grossman Cos. Buys 119,500 SF Healthcare Building in Westwood, Massachusetts

by Taylor Williams May 1, 2026

WESTWOOD, MASS. — Locally based investment firm The Grossman Cos. has purchased a 119,500-square-foot healthcare building in Westwood, located southwest of Boston. The building at 80 Wilson Way is fully leased to Beth Israel Lahey Health Inc. Grossman has appointed local brokerage and advisory firm KeyPoint Partners to manage the building. The seller and sales price were not disclosed.

May 1, 2026

East-Hartford-Logistics-&-Technology-Park

Acquisitions Connecticut Industrial Northeast

Reports: Walmart Acquires East Hartford Industrial Building for $212M

by Taylor Williams April 30, 2026

EAST HARTFORD, CONN. — An affiliate of Walmart has acquired an industrial building in East Hartford for approximately $212 million, according to reports from multiple local news outlets, including CT Insider and the Hartford Business Journal. The building is one of two within the 2.5 million-square-foot East Hartford Logistics & Technology Park, which was completed in 2024. The latter publication reports that the building was previously slated for use by Wayfair, but the Massachusetts-based furniture company “never fully occupied the space and later sought to sublease the building.” The seller was a joint venture between PGIM and National Development.

April 30, 2026

300-Four-Falls-Conshohocken-Pennsylvania

Loans Northeast Office Pennsylvania

JLL Arranges $58M Loan for Refinancing of Metro Philadelphia Office Building

by Taylor Williams April 30, 2026

CONSHOHOCKEN, PA. — JLL has arranged a $58 million loan for the refinancing of 300 Four Falls, a 298,564-square-foot office building in Conshohocken, a northern suburb of Philadelphia. Built in 2003, 300 Four Falls is a seven-story building that features a redesigned lobby, conference center, café, fitness center and a designated tenant amenity space. At the time of the loan closing, the building was 91.6 percent leased. Chad Orcutt led the JLL team that arranged the five-year, fixed-rate loan through Barclays and an entity managed by Argentic Investment Management LLC. The borrower was Maguire Hayden Real Estate Co.

April 30, 2026

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