Northeast

NEPCG Arranges $17.3M Sale of Multifamily Portfolio in New London, Connecticut

by Taylor Williams May 14, 2026

NEW LONDON, CONN. — Regional brokerage firm Northeast Private Client Group (NEPCG) has arranged the $17.3 million sale of a portfolio of three multifamily properties totaling 136 units in New London, located in southern coastal Connecticut. Courtview Square is a four-building complex that houses 96 units, exclusively in one-bedroom floor plans. Harbortree Apartments is a five-building property that offers 28 units in studio, one- and two-bedroom formats. Bristol Apartments is a 12-unit building comprised entirely of one-bedroom apartments. Brad Balletto of NEPCG represented the New Jersey-based seller in the transaction and procured an undisclosed, regional owner-operator as the buyer.

May 14, 2026

Acquisitions Multifamily New Jersey Northeast

ICON Real Estate Negotiates $11.2M Sale of Apartment Building in Chatham, New Jersey

by Taylor Williams May 14, 2026

CHATHAM, N.J. — Local brokerage firm ICON Real Estate Advisors has negotiated the $11.2 million sale of a 31-unit apartment building in the Northern New Jersey community of Chatham. The building at 49 S. Passaic Ave. offers studio, one- and two-bedroom units and amenities such as a fitness center and onsite laundry facilities. David Jarvis and David Oropeza of ICON brokered the deal. The seller was undisclosed, and the buyer, an entity doing business as Cornerstone 2025 LLC, purchased the asset via a 1031 exchange.

May 14, 2026

Leasing Activity New York Northeast Office

Woori Bank New York Agency Signs 18,553 SF Office Lease in Midtown Manhattan

by Taylor Williams May 14, 2026

NEW YORK CITY — Woori Bank New York Agency, a Korea-based entity,has signed a 20-year, 18,553-square-foot office lease in Midtown Manhattan. The space spans the entire 38th floor at 1540 Broadway. Charles Han and Douglas Levine of Newmark represented the tenant in the lease negotiations. Clark Finney, Frank Doyle, Carlee Palmer and Michael Pallas of JLL, along with internal agent Allen Gurevich, represented the landlord, GFP Real Estate, which owns the building in partnership with BDT & MSD Partners.

May 14, 2026

Acquisitions Industrial New Jersey Northeast

Doors & Spaces Acquires 16,550 SF Industrial Facility in West Berlin, New Jersey

by Taylor Williams May 14, 2026

WEST BERLIN, N.J. — Doors & Spaces, an industrial investment firm focused on small-bay product, has acquired a 16,550-square-foot, shallow-bay facility in West Berlin, about 20 miles southeast of Philadelphia. According to LoopNet Inc., the five-unit facility at 432 Kelley Drive was built in 1986 and renovated in 1998. Brian Whitmer led the transaction for Doors & Spaces. The seller and sales price were not disclosed.

May 14, 2026

Acquisitions Affordable Housing Development Multifamily New York Northeast

Partnership Agrees to Buy Church Land in Manhattan’s Upper West Side, Develop Mixed-Income Project

by Taylor Williams May 13, 2026

NEW YORK CITY — A partnership between Rockefeller Group and Atlas Capital Group has entered into an agreement with the Roman Catholic Church of Holy Name of Jesus and Saint Gregory the Great to buy church-owned land on Manhattan’s Upper West Side, with plans to develop a mixed-income housing project. The agreement, valued at $96 million, involves land at 200 W. 97th St., and the project will involve underutilized portions of the church campus — such as the former school, convent and recreation buildings — while the active church continues its ministry. The number of units was not disclosed, but 25 percent of residences will be subject to income restrictions, and the new building will also have retail space. The deal is expected to close in the coming weeks.

May 13, 2026

Acquisitions Affordable Housing Multifamily New York Northeast

Ariel Property Advisors Arranges $79.8M Sale of Brooklyn Affordable Housing Portfolio

by Taylor Williams May 13, 2026

NEW YORK CITY — Ariel Property Advisors has arranged the $79.8 million sale of a portfolio of eight affordable housing buildings totaling 347 units in Brooklyn’s Prospect Park neighborhood. Known as the Prospect Park South Portfolio, the properties collectively offer 33 studios, 154 one-bedroom units, 121 two-bedroom apartments, 56 three-bedroom residences, 14 four-bedroom units and nine five-bedroom units. Victor Sozio, Shimon Shkury, Sean Kelly, Remi Mandell, Lawrence Sarn, Nicole Daniggelis and Erik Moloney of Ariel represented the undisclosed seller in the transaction. The buyer was also not disclosed.

May 13, 2026

Acquisitions Industrial New Jersey Northeast

NAI DiLeo-Bram Brokers $18.2M Sale of Industrial Building in Edison, New Jersey

by Taylor Williams May 13, 2026

EDISON, N.J. — NAI DiLeo-Bram has brokered the $18.2 million sale of a 50,400-square-foot industrial building in the Central New Jersey community of Edison. The building at 80 Executive Ave. was completed in 2020 and features a clear height of 32 feet, five dock doors, (expandable to eight), one drive-in door and 3,000 square feet of office space, as well as parking for 25 cars and six trailers. Robert J. DiLeo, Kyle Gerace, Robert V. DiLeo and Chris Chiusolo of NAI DiLeo-Bram brokered the deal. The buyer and seller were both limited liability companies.

May 13, 2026

Leasing Activity Massachusetts Northeast Restaurant Retail

Simon Welcomes Four New Tenants to Wrentham Village Premium Outlets in Southern Massachusetts

by Taylor Williams May 13, 2026

WRENTHAM, MASS. — Simon Property Group has welcomed four new tenants to Wrentham Village Premium Outlets, located near the Massachusetts-Rhode Island border. Shaquille O’Neal’s Big Chicken and bubble tea concept Gong Cha are now open, and athletic apparel brand Fabletics and children’s retailer Gymboree will open this summer. The roster at Wrentham Village Premium Outlets now totals more than 170 tenants.

May 13, 2026

Development Industrial New Jersey Northeast

Mapletree to Develop 952,720 SF Industrial Project in Manalapan, New Jersey

by Taylor Williams May 12, 2026

MANALAPAN, N.J. — Mapletree, a development and investment firm based in Singapore, will build a 952,720-square-foot industrial project in Manalapan, located east of Trenton in Central New Jersey. The 96.8-acre site at 370 Smithburg Road is located near Exit 8 off the New Jersey Turnpike, and the development will consist of two buildings that will total 300,220 and 652,500 square feet. Building features will include clear heights of 40 feet, 172 dock doors and parking for 366 cars and 141 trailers. Construction is expected to begin in the coming months and to be complete in early 2028.

May 12, 2026

Acquisitions Multifamily New York Northeast

Cushman & Wakefield Brokers $36M Sale of Apartment Building in Lynbrook, New York

by Taylor Williams May 12, 2026

LYNBROOK, N.Y. — Cushman & Wakefield has brokered the $36 million sale of Cornerstone Yorkshire, an 80-unit apartment building in Lynbrook, located on Long Island. The property offers studio, one- and two-bedroom units and amenities such as a fitness center, resident lounge and a landscaped courtyard. Niko Nicolaou, Ryan Dowd, David Bernhuat, Daniel Abbondandolo, Joegy Raju, Peter Welch, J.P. Hohl and Alexandria Ebers of Cushman & Wakefield represented the seller, The Birch Group, in the transaction and procured the undisclosed buyer.

May 12, 2026

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