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Northeast

The-Mark-Mansfield-Storrs-Connecticut
ConnecticutDevelopmentMultifamilyNortheastStudent Housing

Landmark, Peninsula to Develop 738-Bed Student Housing Project in Storrs, Connecticut

by Taylor Williams

STORRS, CONN. — A partnership between Georgia-based developer Landmark Properties and Miami-based private equity real estate firm Peninsula Investments will develop The Mark Mansfield, a 738-bed student housing project in Storrs, home of the University of Connecticut. The 1.5-acre site at 134 N. Eagleville Road is adjacent to campus. Information on specific floor plans and amenities was not disclosed, but The Mark Mansfield’s residences will be fully furnished residences with high-end finishes. In addition, the property will house approximately 7,000 square feet of retail space that will be occupied by Huskies Tavern, which is currently located onsite. A construction timeline was also not disclosed.

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375-Broadway-Chelsea-Massachusetts
Affordable HousingLoansMassachusettsMultifamilyNortheast

MassHousing Provides $10.6M in Financing for Metro Boston Affordable Housing Project

by Taylor Williams

CHELSEA, MASS. — MassHousing has provided $10.6 million in financing for 375 Broadway, a 62-unit affordable housing project in Chelsea, a northeastern suburb of Boston. The financing consists of $7.7 million in permanent financing and $2.9 million in workforce housing financing. The developer, a partnership between Arx Urban and Boston Communities, will construct a 43-unit building from the ground up and rehabilitate a 19-building. Units will come in studio, one-, two- and three-bedroom floor plans and will feature a range of income restrictions. Construction is expected to be complete by the end of 2026.

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LoansMultifamilyNew YorkNortheast

ERG Commercial Arranges $7M Construction Loan for Queens Multifamily Project

by Taylor Williams

NEW YORK CITY — New York City-based ERG Commercial Real Estate has arranged a $7 million construction loan for a 28-unit multifamily project that will be located in the Jamaica area of Queens. The building will be located at 166-13 91st St. and will rise 16 stories. Information on specific floor plans and amenities, as well as the direct lender and borrower, was not disclosed.

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Leasing ActivityNew YorkNortheastOffice

Coalition Space Opens 15,736 SF Flexible Workspace in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — Coalition Space has opened a 15,736-square-foot flexible workspace at 485 Madison Avenue in Midtown Manhattan. The lease term is 10 years, and the space is known as Coalition Space Grand Central. Bert Rosenblatt and Alex Gerome of Cresa represented Coalition Space in the lease negotiations. Adam Rappaport and Brett Greenberg internally represented the landlord, Jack Resnick & Sons.

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Leasing ActivityNew YorkNortheastOffice

POSH Group Signs 11,436 SF Office Lease Expansion in Manhattan’s SoHo District

by Taylor Williams

NEW YORK CITY — Posh Group Inc. has signed a 11,436-square-foot office lease expansion in Manhattan’s SoHo district. The event manager and brand promoter has effectively doubled its footprint to 22,637 square feet across two full floors at 40 Crosby, a five-story building. KPG Funds owns 40 Crosby, which offers 34,229 square feet of office space and 18,000 square feet of retail space on the ground floor.

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DevelopmentHealthcareNew YorkNortheastOffice

Atkins Cos., Denholtz Complete Phase I of Renovation of 490,000 SF Office, Healthcare Facility in Chappaqua, New York

by Taylor Williams

CHAPPAQUA, N.Y. — A partnership between two New Jersey-based firms, Atkins Cos. and Denholtz, has completed Phase I of the renovation of Medical Offices at Chappaqua Crossing, a 490,000-square-foot office and healthcare complex located about 30 miles north of Manhattan. Northwell Health’s Northern Westchester Hospital anchors the 59-acre facility, which is located within a larger mixed-use development that formerly housed the headquarters of Reader’s Digest and is known as Chappaqua Crossing. The renovation upgraded the property’s common areas with new LED lighting, ceilings, flooring, lobby furniture, paint/wallpaper and moss wall coverings. In addition, a $6 million upgrade of HVAC systems is currently underway. The partnership acquired the property in April 2023 for $40 million.

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Rosera-Wesmont-Wood-Ridge-New-Jersey
DevelopmentMultifamilyNew JerseyNortheast

JCMLiving Begins Leasing 295-Unit Apartment Complex in Wood-Ridge, New Jersey

by Taylor Williams

WOOD-RIDGE, N.J. — JCMLiving has begun leasing Rosera Wesmont, a 295-unit apartment complex located in the Northern New Jersey community of Wood-Ridge. Rosera Wesmont offers studio, one-, two- and three-bedroom units that are furnished with stainless steel appliances, quartz countertops, smart lock entry mechanisms and individual washers and dryers. Amenities include a pool with a sundeck and landscaped courtyard; a multi-level gym with a yoga studio, sauna and bar; coworking spaces, private offices and meeting rooms; and a sports simulator. Minno & Wasko Architects and Planners designed the project. Rents start at roughly $2,300 per month for a studio apartment.

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Barrington-Mews
AcquisitionsMultifamilyNew JerseyNortheastSeniors Housing

Hudson Atlantic Negotiates Sale of 284-Unit Seniors Housing Complex in Barrington, New Jersey

by Taylor Williams

BARRINGTON, N.J. — Regional brokerage firm Hudson Atlantic Realty has negotiated the sale of Barrington Mews, a 284-unit seniors housing complex located outside of Philadelphia in Southern New Jersey. Built in 1994 as affordable seniors housing, the elevator-served, age-restricted property offers one- and two-bedroom units and amenities such as community rooms, onsite laundry facilities and grilling and picnic areas. Adam Zweibel of Hudson Atlantic brokered the deal. The buyer and seller were not disclosed. The new ownership plans to transition the property to market-rate housing.

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Leasing ActivityNew JerseyNortheastOffice

Casio America Signs 21,338 SF Office Lease in Rockaway, New Jersey

by Taylor Williams

ROCKAWAY, N.J. — Casio America has signed a 21,338-square-foot office lease in the Northern New Jersey community of Rockaway. The U.S. subsidiary of the Japanese electronics manufacturer is taking space on the third floor of The Mark, a seven-story, 237,087-square-foot building that was recently renovated. Chris Conklin, Dan Spero and Maria Rubert of JLL represented the landlord, Northbridge Capital, in the lease negotiations. Naoki Yamaguchi of Relo Redac Inc. represented the tenant.

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Leasing ActivityNortheastRetailRhode Island

Urban Air Adventure Park Opens Entertainment Venue in Warwick, Rhode Island

by Taylor Williams

WARWICK, R.I. — Urban Air Adventure Park, an entertainment concept centered on trampolines, has opened a new entertainment venue in Warwick, just south of Providence. The space is located within Cowesett Corners Shopping Center, a grocery-anchored power center, and features climbing walls, obstacle courses and bumper cars. The square footage of the space was not disclosed.

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