Northeast

24-Webster-Ave.-Somerville-Massachusetts

MassHousing Provides $17.8M in Financing for Affordable Housing Project in Somerville, Massachusetts

by Taylor Williams April 29, 2026

SOMERVILLE, MASS. — MassHousing has provided $17.8 million in financing for a 43-unit affordable housing project in Somerville, located just outside of Boston. MassHousing also issued tax-exempt housing revenue bonds to finance the project, with TD Bank providing another $22.8 million in construction financing. The capital stack also includes $21.2 million in federal and state tax credits. The site at 24 Webster Ave. previously housed a vacant commercial building, which has since been demolished to make way for a six-story building that will have studio, one-, two- and three-bedroom units. Residences will be reserved for households earning between 30 and 60 percent of the area median income. The borrower is nonprofit organization Just A Start.

April 29, 2026

Leasing Activity Northeast Office Pennsylvania

Newmark Arranges Office Headquarters Lease Renewal, Extension in Malvern, Pennsylvania

by Taylor Williams April 29, 2026

MALVERN, PA. — Newmark has arranged an office headquarters lease renewal and extension in Malvern, a western suburb of Philadelphia. The square footage was not disclosed. The tenant is building materials supplier Saint-Gobain, and the space is located within the buildings at 18-20 Moores Road. Craig Scheuerle of Newmark represented Saint-Gobain in the lease negotiations. The landlord, a partnership between Dubai-based Arzan Wealth and Chicago-based 90 North Real Estate Partners, was self-represented.

April 29, 2026

Leasing Activity New Hampshire Northeast Retail

Simon Welcomes New Tenants to Mall at Rockingham Park in Salem, New Hampshire

by Taylor Williams April 29, 2026

SALEM, N.H. — Simon Property Group has welcomed several new tenants to The Mall at Rockingham Park, a 1 million-square-foot shopping and dining destination located about 30 miles north of Boston in Salem. Jeweler Gorjana, athleisure retailer lululemon and activewear brand OFFLINE by Aerie all opened stores in recent weeks, while Rowan, a provider of ear piercing services, is also set to open soon. Simon has also announced updates to the mall’s 160,000-square-foot casino, which is slated to debut in mid-2027.

April 29, 2026

Leasing Activity New York Northeast Office

MTS Health Partners Signs 29,166 SF Office Lease in Midtown Manhattan

by Taylor Williams April 29, 2026

NEW YORK CITY — MTS Health Partners has signed a 29,166-square-foot office lease in Midtown Manhattan. The financial advisory and brokerage firm for the healthcare industry will occupy the entire 34th floor at 1185 Avenue of the Americas, a 42-story building. Stephen Siegel and Sinclair Li of CBRE represented the tenant in the lease negotiations. Brian Waterman, Jonathan Fanuzzi, Brent Ozarowski, David Waterman and Kevin Sullivan of Newmark represented the landlord, SL Green.

April 29, 2026

Acquisitions Massachusetts Northeast Retail

Newmark Arranges $113.5M Sale of Two Boston Retail Properties

by Taylor Williams April 28, 2026

BOSTON — Newmark has arranged the $113.5 million sale of two retail properties in Boston’s Back Bay neighborhood. The properties are located at 4-6 and 28 Newbury St. and were custom-designed to house flagship stores of luxury retailers Chanel and Cartier, respectively. The Chanel store spans 10,328 square feet across two stories, and the Cartier store totals 18,942 square feet. Robert Griffin, Geoffrey Millerd and Paul Penman of Newmark represented the seller, ASG Equities, in the transaction. The team also procured the buyer, a joint venture between Acadia Realty Trust and Osiris Ventures. Alex Foshay, Victoria Radman, Casey O’Brien and Christian Reenstierna, also with Newmark, provided support on the deal.

April 28, 2026

Loans Multifamily New Jersey Northeast

Dwight Capital Provides $110M HUD-Insured Loan for Refinancing of Newark Apartment Building

by Taylor Williams April 28, 2026

NEWARK, N.J. — New York City-based Dwight Capital has provided a $110 million HUD-insured loan for the refinancing of 55 Union, a 12-story apartment building in Newark’s historic Ironbound neighborhood. Designed by Minno & Wasko Architects & Planners and completed in 2023, 55 Union offers 403 units in studio, one- and two-bedroom floor plans, as well as 3,222 square feet of commercial space. Residences are furnished with stainless steel appliances, quartz countertops and individual washers and dryers. Amenities include a fitness center, business center, clubroom, coffee bar, private dining room, a rooftop garden and outdoor grilling and dining stations. Josh Hoffman and Jonathan Pomper of Dwight originated the debt through HUD’s 223(f) program on behalf of the borrower, J&L Cos.

April 28, 2026

Acquisitions Connecticut Industrial Northeast

JLL Brokers Sale of 641,631 SF Industrial Portfolio in Hartford County, Connecticut

by Taylor Williams April 28, 2026

HARTFORD COUNTY, CONN. — JLL has brokered the sale of the New England Tradeport Shallow Bay Portfolio, a collection of nine industrial buildings totaling 641,631 square feet in Hartford County. The portfolio features an average building size of 71,292 square feet, average vintage of 1997 and an average clear height of 25 feet. John Huguenard, Michael Restivo, David Coffman, Tommy Hovey and Shawn McMahon of JLL represented the seller, INDUS Realty Trust, in the transaction. The buyer and sales price were not disclosed. The portfolio was 98 percent leased to 19 tenants at the time of sale.

April 28, 2026

Leasing Activity New York Northeast Office

UHY Advisors NY Signs 27,508 SF Office Lease in Midtown Manhattan

by Taylor Williams April 28, 2026

NEW YORK CITY — UHY Advisors NY Inc. has signed a 27,508-square-foot office lease in Midtown Manhattan. The financial advisory firm will occupy the entire ninth floor at 1185 Avenue of the Americas, a 42-story building, via a 10-year deal. Silvio Petriello and Tamika Kramer of CBRE represented the tenant in the lease negotiations. Brian Waterman, Jonathan Fanuzzi, Brent Ozarowski, David Waterman and Kevin Sullivan of Newmark represented the landlord, SL Green.

April 28, 2026

Development Industrial New Jersey Northeast

Barings Provides $86.2M in Financing for Industrial Property in Bayonne, New Jersey

by Taylor Williams April 27, 2026

BAYONNE, N.J. — Barings has provided $86.2 million in bridge financing for a 355,580-square-foot industrial property in the Northern New Jersey community of Bayonne. Bridge Point Bayonne was built in 2024 on a 17.6-acre site that is approximately 1.5 miles from the New Jersey Turnpike. Building features include a cross-dock configuration, clear height of 40 feet, 70 dock doors, four drive-in doors and parking for 213 cars and 56 trailers. Jon Mikula, Michael Klein, Michael Lachs and Kevin Badger of JLL arranged the floating-rate loan on behalf of the borrower, Kurv Industrial, the Chicago-based investment and development firm formerly known as Bridge Industrial.

April 27, 2026

Acquisitions Connecticut Northeast Retail

CBRE Negotiates $21.4M Sale of Shopping Center in Wallingford, Connecticut

by Taylor Williams April 27, 2026

WALLINGFORD, CONN. — CBRE has negotiated the $21.4 million sale of a 115,000-square-foot shopping center in Wallingford, located roughly midway between Hartford and New Haven. Wallingford Fair Shopping Center is home to a ShopRite supermarket, Petco store and a self-storage facility. Nat Heald, Jordana Roet, Connor Scott and Kyle Juszczyszyn of CBRE represented the seller and procured the buyer in the transaction. Both parties requested anonymity.

April 27, 2026

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