Northeast

Nasser Freres Receives $375M Construction Loan for Jersey City Apartment Tower

by Taylor Williams June 23, 2026

NEW YORK CITY — Developer Nasser Freres has received a $375 million construction loan for JFK Boulevard, an 840-unit apartment tower that will be located in the Journal Square area of Jersey City. The building will offer studio, one-, two- and three-bedroom units, 10 percent of which will be designated as affordable housing. Amenities will include a spa, fitness center, multi-sport court, coworking and library lounges, game and screening rooms, an outdoor pool with sun decks, dog run, pet spa and a rooftop lounge. In addition, JFK Boulevard will feature 50,000 square feet of retail space that will be anchored by an organic grocer. Keith Kurland, Aaron Appel, Adam Schwartz, Jonathan Schwartz, Dustin Stolly, Sean Reimer, Jordan Casella, Christopher de Raet and Jack Krentzman of Walker & Dunlop arranged the floating-rate, interest-only loan through Madison Realty Capital. Completion is slated for early 2029.

June 23, 2026

Loans Massachusetts Northeast Office Retail

PGIM Provides $58.5M Loan for Refinancing of Cambridge Office, Retail Building

by Taylor Williams June 23, 2026

CAMBRIDGE, MASS. — PGIM has provided a $58.5 million loan for the refinancing ofOne Brattle Square, an office and retail building located across the Charles River from Boston in Cambridge. The six-story building, which was 99 percent leased at the time of the loan closing, is located within the Harvard Square submarket and features 82,500 square feet of office space and 15,000 square feet of retail space. PGIM provided the floating-rate loan to the borrower, an affiliate of Beacon Capital Partners.

June 23, 2026

Loans New York Northeast Retail

HKS Real Estate Arranges $25.8M Loan for Refinancing of Queens Retail Building

by Taylor Williams June 23, 2026

NEW YORK CITY — Locally based intermediary HKS Real Estate Advisors has arranged a $25.8 million loan for the refinancing of a 52,578-square-foot retail building in Queens. The newly developed building at 10-04 Borden Ave. is located in the borough’s Long Island City neighborhood and was fully leased at the time of sale, with iFly and Vibe Fitness serving as the anchor tenants. Daniel Kowalsky of HKS arranged the loan on behalf of the owner, VOREA. Hanover Capital provided the loan.

June 23, 2026

Acquisitions Development New York Northeast

Marcus & Millichap Brokers $9.4M Sale of Commercial Development Site in Queens

by Taylor Williams June 23, 2026

NEW YORK CITY — Marcus & Millichap has brokered the $9.4 million sale of a commercial development site in Queens. The site at 28-04 41st Ave. is located in the borough’s Long Island City neighborhood and can support 25,000 to 30,000 buildable square feet of residential, commercial or mixed-use development. Sean Fopeano, Shaun Riney, Joe Koicim and David Cornejo of Marcus & Millichap represented the seller, an undisclosed private family, in the transaction and procured the buyer, Jade Century Properties.

June 23, 2026

100-Martinangelo-Drive-Marlborough-Massachusetts

Civic Development Massachusetts Northeast

Massachusetts State Police to Open 200,000 SF Crime Lab, Training Facility in Marlborough

by Taylor Williams June 22, 2026

MARLBOROUGH, MASS. — The Massachusetts State Police will open a 200,000-square-foot crime lab and training facility in Marlborough, a western suburb of Boston. The facility will be situated on a 24-acre site at 100 Martinangelo Drive, and the Commonwealth of Massachusetts has entered into a 20-year, triple-net lease with the owner, an investment group led by Greatland Realty Partners. The building will rise four stories, and the space will be able to accommodate about 250 employees. Completion is slated for early 2028. Brett Paulsrud, Andrew Gray and Michael George of JLL arranged credit tenant lease (CTL) financing for the project on behalf of ownership.

June 22, 2026

Loans Multifamily New York Northeast

HKS Real Estate Arranges $37.5M Loan for Refinancing of Midtown Manhattan Apartment Building

by Taylor Williams June 22, 2026

NEW YORK CITY — Locally based intermediary HKS Real Estate Advisors has arranged a $37.5 million loan for the refinancing of 230 East 44th Street, a 164-unit apartment building in Midtown Manhattan. Known as The Centra, the 14-story building offers studio, one-, two- and three-bedroom units, as well as 5,055 square feet of commercial space that was fully leased at the time of the loan closing to six tenants. Ayush Kapahi of HKS arranged the loan on behalf of the owner, Dalan Rentals. Infinity Funds provided the loan.

June 22, 2026

Acquisitions Industrial New Jersey Northeast

JLL Negotiates Sale of 72,908 SF Industrial Portfolio in Rockaway, New Jersey

by Taylor Williams June 22, 2026

ROCKAWAY, N.J. — JLL has negotiated the sale of a portfolio of two industrial buildings totaling 72,908 square feet in the Northern New Jersey community of Rockaway. The shallow-bay buildings at 200 and 300 Roundhill Drive, which were fully leased at the time of sale, were constructed on a combined between 1987 and 1990 and feature clear heights of 20 feet. Nicholas Stefans, Jason Lundy and Luke Ceccoli of JLL represented the seller, North Jersey Development Group, in the transaction and procured the buyer, Faropoint.

June 22, 2026

Leasing Activity New York Northeast Office

Robin Hood Signs 53,000 SF Office Lease at 841 Broadway in Manhattan

by Taylor Williams June 22, 2026

NEW YORK CITY — Robin Hood, a philanthropic organization dedicated to fighting poverty in New York City, has signed a 30-year, 53,000-square-foot office lease at 841 Broadway in Manhattan’s Union Square area. The space spans the entire fifth through eighth floors of the 91,300-square-foot building, which is now fully leased. David Carlos and Andrew Dzenis of JLL represented Robin Hood in the lease negotiations. Andrew Wiener and Robert Fisher internally represented the landlord, The Feil Organization.

June 22, 2026

Development Loans Multifamily New York Northeast Office

MRC Provides $480M in Financing for Office-to-Residential Conversion Project in Midtown Manhattan

by Taylor Williams June 19, 2026

NEW YORK CITY — Madison Realty Capital (MRC) has provided $480 million in financing for an office-to-residential conversion project in Midtown Manhattan. The project will convert the 27-story, 523,051-square-foot building at 1740 Broadway, which spans nearly a full city block between 55th and 56th streets, into a 420-unit multifamily building with 238 apartments and 182 condos. The converted building will also feature 60,000 square feet of amenities, including a 22,000-square-foot sporting club, a spa with a lap pool, a concealed speakeasy bar in the building’s original bank vault and dedicated lounge and sun deck spaces for residents. Jason Krane, Russ Schildkraut and Simon Ziff of Ackman-Ziff arranged the financing on behalf of the owner, Yellowstone Real Estate Investments. Completion is slated for the third quarter of 2029.

June 19, 2026

Acquisitions Affordable Housing Development Multifamily New York Northeast

Tredway Buys 168-Unit Affordable Seniors Housing Complex in Peekskill, New York, Plans Rehabilitation

by Taylor Williams June 19, 2026

PEEKSKILL, N.Y. — New York-based owner-operator Tredway has purchased a 168-unit affordable seniors housing complex in Peekskill, about 50 miles north of New York City. The property at 901-907 Main St. houses units that are reserved for renters earning 60 percent or less of the area median income. As a means of preserving affordability, Tredway plans to invest about $4.5 million in capital improvements to the property, including façade repairs, upgrades to building systems and the installation of new in-unit appliances. Tredway also plans to enhance the building’s security systems and introduce new social services. The seller and sales price were not disclosed.

June 19, 2026

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