Northeast

Newmark Arranges $210M Refinancing of Midtown Manhattan Office Building

by Taylor Williams January 29, 2026

NEW YORK CITY — Newmark has arranged the $210 million refinancing of 1375 Broadway, a 520,000-square-foot office building in Midtown Manhattan. The building recently underwent a capital improvement program that upgraded the lobby, entrance, common areas and tenant lounges and also introduced a 6,000-square-foot rooftop terrace. Nick Scribani, Ricky Braha, Tim Polgase and Niv Shahmoon of Newmark arranged the debt through Boston-based private equity firm Bain Capital. The borrower was a partnership between 60 Guilders and Sentry Realty.

January 29, 2026

Acquisitions Massachusetts Multifamily Northeast

CBRE Brokers Sale of 206-Unit Apartment Complex in Watertown, Massachusetts

by Taylor Williams January 29, 2026

WATERTOWN, MASS. — CBRE has brokered the sale of Watertown Mews, a 206-unit apartment complex located on the western outskirts of Boston. Built in 2014, Watertown Mews offers studio, one-, two- and three-bedroom units with an average size of 1,014 square feet. Amenities include a pool, community room, business center, media room, fitness center, community garden and outdoor dining and grilling stations. Simon Butler, Biria St. John, John McLaughlin and Brian Bowler of CBRE represented the seller, an account advised by PGIM, in the transaction and procured the buyer, Mesirow.

January 29, 2026

Industrial Leasing Activity New Jersey Northeast

Resource Realty Negotiates 45,048 SF Industrial Lease in Hackettstown, New Jersey

by Taylor Williams January 29, 2026

HACKETTSTOWN, N.J. — Resource Realty of Northern New Jersey has negotiated a 45,048-square-foot industrial lease in Hackettstown, about 50 miles west of New York City. According to LoopNet Inc., the building at 715 Willow Grove St. was completed in 2008 and totals 75,502 square feet. Brian Wilson of Resource Realty represented the landlord in the lease negotiations. KBC Advisors represented the tenant. Both parties requested anonymity.

January 29, 2026

Leasing Activity New York Northeast Office

Wolf Popper Signs 13,400 SF Office Lease in Midtown Manhattan

by Taylor Williams January 29, 2026

NEW YORK CITY — Wolf Popper LLP has signed a 13,400-square-foot office lease in Midtown Manhattan. The law firm will occupy the entire 19th floor at 570 Lexington Avenue, a 450,622-square-foot building that was constructed in 1932. Daniel Horowitz, Ira Schuman, Jeffrey Peck, Jacob Stern and Skyler Celotto of Savills represented the tenant in the lease negotiations. The landlord, The Feil Organization, was self-represented.

January 29, 2026

Company News Industrial Massachusetts New York Northeast

Makarora, Ares Complete $2.1B Acquisition of Plymouth Industrial REIT

by Taylor Williams January 28, 2026

NEW YORK CITY AND BOSTON — Affiliates of New York City-based investment firm Makarora Management and global investment firm Ares Management Corp. (NYSE: ARE) have completed the $2.1 billion, all-cash acquisition of Boston-based Plymouth Industrial REIT. Under the terms of the deal, which was announced last fall, Plymouth shareholders will receive $22 for each share of common stock they own, and Plymouth will no longer be traded or listed on any public securities exchange. The transaction also calls for the acquiring entities to assume certain pieces of Plymouth’s outstanding debt. The purchase price represents a premium of approximately 50 percent to Plymouth’s unaffected closing common stock price on August 18, 2025. That date marks the last trading day prior to the filing of a Schedule 13D by affiliates of Sixth Street Partners LLC disclosing a nonbinding proposal to acquire all of the outstanding shares of Plymouth’s common stock.

January 28, 2026

206-Logistics-Center-Pemberton-New-Jersey

Development Industrial New Jersey Northeast

Rockefeller Group to Develop 486,850 SF Industrial Project in Pemberton, New Jersey

by Taylor Williams January 28, 2026

PEMBERTON, N.J. — New York City-based Rockefeller Group will develop a 486,850-square-foot industrial project in Pemberton, located about 35 miles east of Philadelphia. The site spans 100 acres at 2554 U.S. Route 206, and the two-building development will be known as 206 Logistics Center. Building features will include clear heights of 36 to 40 feet, ESFR sprinkler systems and “ample” trailer parking. A construction timeline was not announced. Jonathan Klear and Fred Meyer of NAI Mertz represented Rockefeller Group in its acquisition of the land. NAI Mertz has also been retained to market the project for lease, sale and/or build-to-suit opportunities.

January 28, 2026

Affordable Housing Development Multifamily New York Northeast

Slate, RiseBoro Complete 318-Unit Affordable Housing Redevelopment Project in Queens

by Taylor Williams January 28, 2026

NEW YORK CITY — A partnership between locally based developer Slate Property Group and RiseBoro Community Partnership has completed a 318-unit affordable housing redevelopment project in Queens. The property, which is known as Baisley Pond Park Residences, is a conversion of the 350-room JFK Hilton Hotel in the borough’s Jamaica neighborhood, which was originally built in 1987 and is located about half a mile from JFK International Airport. The new complex houses studio, one- and two-bedroom units and amenities such as a fitness center, computer lounge and multiple common rooms. Aufgang Architects designed the project. Leasing began last spring.

January 28, 2026

Acquisitions Multifamily New York Northeast

Ariel Property Advisors Negotiates $5.6M Sale of Two Brooklyn Apartment Buildings

by Taylor Williams January 28, 2026

NEW YORK CITY — Locally based brokerage firm Ariel Property Advisors has negotiated the $5.6 million sale of two apartment buildings in the Park Slope area of Brooklyn. The four-story buildings at 334-336 Ninth St. house seven market-rate apartments, one office space and one retail space. Stephen Vorvolakos, Chris Brodhead, Sean Kelly and Nicole Daniggelis of Ariel brokered the deal. The buyer and seller were not disclosed.

January 28, 2026

Loans Multifamily New York Northeast

Wells Fargo Provides $224.3M in Bridge Financing for Queens Apartment Tower

by Taylor Williams January 27, 2026

NEW YORK CITY —Wells Fargo has provided $224.3 million in bridge financing for The Italic, a 50-story apartment tower in the Long Island City area of Queens. Designed by SLCE Architects and built by Hunter Roberts Construction Group, the building houses 363 units in studio, one-, two- and three-bedroom units, with 109 residences designated as affordable housing. Amenities include a communal lounge, fitness center, golf simulators, a basketball court, coworking spaces and a rooftop terrace. The building also houses commercial space. Construction on The Italic topped out in late 2023, and leasing launched in spring 2025. Christopher Peck, Nicco Lupo, Michael Shmuely and Alex Staikos of JLL arranged the financing on behalf of the owner, a joint venture between Fetner Properties, Lions Group and The Carlyle Group. JLL also arranged the original construction loan for the project in spring 2023.

January 27, 2026

Development Loans Multifamily Northeast Pennsylvania

Eastdil Secured Arranges $140.7M in Construction Financing for Metro Philadelphia Multifamily Project

by Taylor Williams January 27, 2026

ARDMORE, PA. — Eastdil Secured has arranged $140.7 million in construction financing for a 270-unit multifamily project in Ardmore, a northwestern suburb of Philadelphia. The development is known as The Plaza at Ardmore, and the financing consists of a $112.6 million senior loan from Bank OZK and a $28.1 million mezzanine loan from Affinius Capital. Units will come in studio, one-, two- and three-bedroom floor plans. Amenities will include a pool, outdoor grilling and dining stations, a fitness center and dedicated coworking and private study spaces, as well as 30,000 square feet of ground-floor retail space. Nick Seidenberg of Eastdil Secured arranged the financing on behalf of the borrower, an affiliate of Piazza Auto Group, which has partnered with Radnor Property Group for the overseeing of development and construction of the project. A tentative completion date was not announced.

January 27, 2026

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