Northeast

The-Grande-at-Metropark-Iselin-New-Jersey

Newmark Arranges $98M Acquisition Loan for Multifamily Property in Iselin, New Jersey

by Taylor Williams February 19, 2026

ISELIN, N.J. — Newmark has arranged a $98 million acquisition loan for The Grande at MetroPark, a 356-unit multifamily property located in the Northern New Jersey community of Iselin. Built in phases between 2019 and 2023, the property offers studio, one- and two-bedroom units, as well as a penthouse suite. Amenities include multiple lounges, game rooms, fitness centers, catering kitchens and coffee bars, as well as a conference center, putting green, pool, dog park and an outdoor theater. Jordan Roeschlaub, Christopher Kramer, Adam Doneger and Ryan Bub of Newmark arranged the loan on behalf of the borrower, a partnership between Brooksville Co. and Torchlight Investors. The direct lender was not disclosed.

February 19, 2026

Leasing Activity New York Northeast Office

NYS AG Signs 378,438 SF Office Lease Expansion, Extension in Lower Manhattan

by Taylor Williams February 19, 2026

NEW YORK CITY — The New York State Office of the Attorney General (NYS AG) has signed a 378,438-square-foot office lease expansion and extension at 28 Liberty Street, a 60-story, 2.1 million-square-foot building in Lower Manhattan. The deal comprises an extension of the existing 342,484 square feet across floors 13 through 21 and 23, as well as a 35,954-square-foot expansion for the entire 22nd floor. Peter Riguardi, John Wheeler, Mitchell Konsker and Michael Berman of JLL represented the undisclosed landlord in the lease negotiations. The tenant was self-represented.

February 19, 2026

Acquisitions Industrial New Hampshire Northeast

Atlantic Capital Partners Negotiates $7.8M Sale of Industrial Building in Manchester, New Hampshire

by Taylor Williams February 19, 2026

MANCHESTER, N.H. — Regional brokerage firm Atlantic Capital Partners has negotiated the $7.8 million sale of a 51,600-square-foot industrial building in the southern New Hampshire city of Manchester. The building at 85-95 Faltin Drive features a clear height of 16 feet and multiple loading docks. Justin Smith, Chris Peterson, Sam Koonce, Danielle Turpin and Matt Ericson of Atlantic Capital Partners represented the buyer and seller, both of which requested anonymity, in the transaction.

February 19, 2026

Acquisitions Northeast Pennsylvania Retail

CBRE Brokers Sale of 54,810 SF Shopping Center in Ephrata, Pennsylvania

by Taylor Williams February 19, 2026

EPHRATA, PA. — CBRE has brokered the sale of Ephrata Commons, a 54,810-square-foot shopping center located roughly midway between Philadelphia and Harrisburg. Regional grocer Redner’s Markets anchors the center, which is also home to tenants such as Tigon’s Nail & Spa, Wild Wings & Pizza and Gehman Jewelers. S&S Singh Partners purchased the center from Heidenberg Properties Group for an undisclosed price. Chris Munley, Colin Behr, Ryan Sciullo and Casey Benson Smith of CBRE brokered the deal.

February 19, 2026

Connecticut Loans Multifamily Northeast

Cushman & Wakefield Arranges $88M Construction Loan for Multifamily Project in Greenwich, Connecticut

by Taylor Williams February 18, 2026

GREENWICH, CONN. — Cushman & Wakefield has arranged an $88 million construction loan for Benedict Court, a 120-unit multifamily project that will be located in the southern coastal Connecticut city of Greenwich. Benedict Court will consist of 72 market-rate apartments and 48 affordable housing units. Amenities will include a rooftop deck, a resident lounge with a chef’s kitchen, coworking spaces, children’s playroom and a fitness center. Gideon Gil, Taylor Geiger, Cecelia Galligan and Nick Pappas of Cushman & Wakefield arranged the loan through Santander Bank. The borrower is a partnership between Lonicera Partners, Nimbus Properties and Benedict Capital. Construction is now underway, and completion is slated for summer 2028.

February 18, 2026

Healthcare Leasing Activity Life Sciences Northeast Pennsylvania

Drexel University to Open 150,741 SF Healthcare, Life Sciences Facility in Philadelphia

by Taylor Williams February 18, 2026

PHILADELPHIA — Drexel University will open a 150,741-square-foot healthcare and life sciences facility in Philadelphia’s University City area. The space spans four of the 11 stories within the building at 3201 Cuthbert St., which is adjacent to Drexel’s campus. The university plans to consolidate the entirety of its research and laboratory operations within the Drexel University College of Medicine in the new building, which was designed by Robert A.M. Stern Architects and is owned by a partnership between Gattuso Development Partners and Vigilant Holdings Occupancy is slated for mid-2027.

February 18, 2026

Acquisitions Connecticut Northeast Office

Vidal/Wettenstein Negotiates $3.7M Sale of Office Building in Trumbull, Connecticut

by Taylor Williams February 18, 2026

TRUMBULL, CONN. — Locally based brokerage firm Vidal/Wettenstein has negotiated the $3.7 million sale of a 112,544-square-foot office building in the southern coastal Connecticut city of Trumbull. The buyer, Kubtec, a provider of digital imaging equipment, will convert the first two floors of the building at 75 Merritt Blvd. to support its production, assembly and quality control initiatives. Bruce Wettenstein of Vidal/Wettenstein represented the buyer in the transaction. Alan Fischer of Fischer Real Estate represented the seller, Sachem Capital Corp.

February 18, 2026

Acquisitions Northeast Pennsylvania Retail

CBRE Brokers Sale of 52,750 SF Shopping Center in North Pittsburgh

by Taylor Williams February 18, 2026

PITTSBURGH — CBRE has brokered the sale of a 52,750-square-foot shopping center in North Pittsburgh. Located at 4885 McKnight Road and known as McKnight Siebert, the center is home to tenants such as Walgreens, Starbucks, The UPS Store, Bruegger’s Bagels, Sport Clips and T-Mobile. First Washington Realty sold the center to full-service firm Shannon Waltchack for an undisclosed price. Chris Munley, Colin Behr, Ryan Sciullo, Casey Benson Smith, R.J. Mirabile and Michael Pascavis of CBRE brokered the deal.

February 18, 2026

Acquisitions New York Northeast Retail

Black Diamond Buys 2.3 MSF Palisades Center Mall in West Nyack, New York

by Taylor Williams February 17, 2026

WEST NYACK, N.Y. — Black Diamond Capital Management, a Connecticut-based alternative investment firm, has purchased Palisades Center, a 2.3 million-square-foot mall in West Nyack, about 35 miles north of New York City. According to the Rockland County Business Journal, Palisades Center sold for $175 million at auction after being originally listed for $463.4 million. According to Wikipedia, the shopping, dining and entertainment destination is the 12th largest U.S. mall by gross leasable area and was first developed by Pyramid Cos., ultimately opening in March 1998. Black Diamond plans to be a long-term owner of Palisades Center and to invest in various capital improvements to attract new users; the Rockland County Business Journal also reports that Palisades Center currently has two vacant anchor spaces that were previously occupied by Lord & Taylor and J.C. Penney. Spinoso Real Estate will operate the property as it has since fall 2024.

February 17, 2026

Affordable Housing Development Multifamily New York Northeast

Joint Venture to Develop 213-Unit Affordable Housing Project in Brooklyn

by Taylor Williams February 17, 2026

NEW YORK CITY — A joint venture between Slate Property Group and Thorobird Cos. will develop a 213-unit multifamily project in Brooklyn. Designed by Think! Architecture + Design PLLC, the building will be located on a city-owned site at 570 Eldert Lane in the borough’s Cypress Hills area. Of the 213 units, 66 apartments, which will come in one-, two-, three- and four-bedroom floor plans, 66 will be set aside for formerly homeless residents. The remaining units will be reserved for households earning between 40 and 80 percent of the area median income. The building will also have 10,000 square feet of community space that will be operated by the Bangladeshi American Community Development & Youth Services. Completion is slated for summer 2028, with full occupancy planned for 2029.

February 17, 2026

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