Northeast

Walker & Dunlop Arranges $216M Loan for Refinancing of Manhattan Office, Retail Building

by Taylor Williams October 16, 2026

NEW YORK CITY — Walker & Dunlop has arranged a $216 million bridge loan for the refinancing of 568 Broadway, a 390,745-square-foot office and retail building in Manhattan’s SoHo neighborhood. The 12-story building’s retail component totals 70,870 square feet retail and was fully leased at the time of the loan closing to tenants such as Hugo Boss, Athletic Propulsion Labs, GU and Equinox. Office users include Zocdoc, The Farmer’s Dog and Milk Makeup. Aaron Appel, Dustin Stolly, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Sean Reimer, Jordan Casella and Stanley Cayre of Walker & Dunlop arranged the loan through ACORE Capital. The borrower is a joint venture between Aurora Capital, Allied Partners and A&H Acquisitions.

October 16, 2026

Affordable Housing Loans Multifamily New York Northeast

Merchants Bank Provides $27.5M in Financing for Brooklyn Affordable Housing Complex

by Taylor Williams October 16, 2026

NEW YORK CITY — Merchants Bank has provided $27.5 million in bridge financing for the acquisition and rehabilitation of Restore Housing Apartments, a 138-unit affordable housing complex in Brooklyn. The borrower is local owner-operator Tredway. The property offers one-, two-, three- and four-bedroom apartments that are reserved for households earning 50 percent or less of the area median income. The capital improvements, which are valued at $10 million and will preserve the property’s affordability status for another 99 years, will include new lobbies, kitchens, bathrooms, energy-efficient appliances and a rooftop solar installation.

October 16, 2026

Acquisitions Multifamily New Jersey Northeast

ICON Real Estate Negotiates $4.1M Sale of Apartment Building in Bayonne, New Jersey

by Taylor Williams October 16, 2026

BAYONNE, N.J. — Local brokerage firm ICON Real Estate Advisors has negotiated the $4.1 million sale of a 25-unit apartment building in the Northern New Jersey community of Bayonne. According to Apartments.com, the building at 5-7 Kelly Parkway exclusively offers one-bedroom units. David Betesh of ICON Real Estate Advisors represented the seller, a local family, in the transaction and procured the undisclosed buyer.

October 16, 2026

Leasing Activity New York Northeast Office

HarbourVest Partners Signs 19,752 SF Office Lease in Midtown Manhattan

by Taylor Williams October 16, 2026

NEW YORK CITY — HarbourVest Partners has signed a 19,752-square-foot office lease in Midtown Manhattan. The Boston-based private equity firm is taking space on the 49th floor of 9 West 57th Street via a 10-year lease. Alexander Chudnoff and Ava Loughlin of JLL represented HarbourVest in the lease negotiations. Howard Fiddle, John Maher, Gregg Rothkin and Alex Leopold of CBRE represented the undisclosed landlord.

October 16, 2026

Loans New York Northeast Office

Sapir Organization Receives $105M Loan for Refinancing of Midtown Manhattan Office Building

by Taylor Williams October 15, 2026

NEW YORK CITY — Local owner-operator The Sapir Organization has received a $105 million loan for the refinancing of 261 Madison Avenue, a 398,000-square-foot office building in Midtown Manhattan. The 28-story building was constructed in 1954 and is home to tenants such as printing company RR Donnelley, coworking concept Industrious, labor union SAG-AFTRA and Japanese restaurant Zuma. The Sapir Organization also houses its headquarters within the building. Anthony Orso, Ari Schwartzbard and Clifford Welden of Newmark arranged the loan through Genesis Credit, a New York-based private real estate credit and investment firm, on behalf of ownership.

October 15, 2026

Trailside-Village-Forks-Township-Pennsylvania

Development Multifamily Northeast Pennsylvania

Larkin Associates Begins Leasing Phase II of 420-Unit Multifamily Development in Forks Township, Pennsylvania

by Taylor Williams October 15, 2026

FORKS TOWNSHIP, PA. — New Jersey-based owner-operator Larkin Associates has begun leasing Phase II of Trailside Village, a 420-unit multifamily development located in the Lehigh Valley community of Forks Township. Trailside Village is a 22-building apartment community with one- and two-bedroom units that also features 27,000 square feet of commercial space that can support retail, office and healthcare uses. Residential amenities include a fitness center, resident lounge, game room, tot lot, pet salon and walking and biking trails. Leasing of Phase II commenced in August, and 26 of those 75 units are now occupied. Information on starting rents was not disclosed.

October 15, 2026

128-Iron-Mountain-Road-Mine-Hill-New-Jersey

Industrial Leasing Activity Lee & Associates New Jersey Northeast

Amazing Savings Signs 173,475 SF Industrial Lease in Mine Hill, New Jersey

by Taylor Williams October 15, 2026

MINE HILL, N.J. — Amazing Savings has signed a 173,475-square-foot industrial lease in the Northern New Jersey community of Mine Hill. The discount retailer is taking space at Spring Brook Commerce Center, a newly constructed, 393,335-square-foot building located at 128 Iron Mountain Road. Tom Consiglio and Scott Peck of Resource Realty of Northern New Jersey represented the tenant in the lease negotiations. Drew Maffey, Rick Marchisio, Will Ziegler, Joseph Komitor and Matt Esposito of Lee & Associates represented the landlord, Brookfield Properties.

October 15, 2026

Acquisitions Multifamily Northeast Pennsylvania Seniors Housing

Joint Venture Buys 78-Unit Seniors Housing Complex in Metro Philadelphia

by Taylor Williams October 15, 2026

PAOLI, PA. — A joint venture between Senior Living Transformation Co. and Sabal Investment Holdings has purchased Daylesford Crossing, a 78-unit seniors housing complex located in the western Philadelphia suburb of Paoli. Opened in 2015, Daylesford Crossing offers assisted living and memory care services and amenities such as a media room, wellness room, library and a salon, as well as an onsite healthcare facility. Dave Fasano, Ross Sanders, Cody Tremper and Mike Garbers of Berkadia represented the seller, Boston-based investment firm AEW Capital Management, in the transaction.

October 15, 2026

Development Loans Multifamily New York Northeast

Walker & Dunlop Arranges $203M Construction Loan for Manhattan Multifamily Project

by Taylor Williams October 14, 2026

NEW YORK CITY — Walker & Dunlop has arranged a $203 million construction loan for 50 Third Avenue, a 184-unit multifamily project that will be located in Manhattan’s East Village. The 17-story building will include 37 affordable housing units that will be reserved for households earning 80 percent or less of the area median income, as well as 12,529 square feet of ground-floor retail space. Amenities will include a fitness center with a yoga studio, sauna and cold plunge, a golf simulator, coworking space, resident lounge and multiple terraces. Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Sean Reimer and Sean Bastian of Walker & Dunlop arranged the floating-rate, interest-only loan through Ironsand. The borrower is a joint venture between SK Development and Kinsmen Property Group.

October 14, 2026

Loans Multifamily New York Northeast

CrownGuard Capital Provides $15.5M in Financing for Multifamily Repositioning Project in Rochester

by Taylor Williams October 14, 2026

ROCHESTER, N.Y. — CrownGuard Capital, a Los Angeles-based commercial lender, has provided $15.5 million in bridge and construction financing for a 95-unit multifamily repositioning project in Rochester. The address of the property was not disclosed, but the redevelopment will cover unit interiors, utility and mechanical systems, building exteriors and common areas. Larkin Cody and Robert Miller of CrownGuard originated the financing, which included an $8 million Commercial Property Assessed Clean Energy (C-PACE) component. The sponsor was also not disclosed.

October 14, 2026

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