Northeast

Newmark Arranges $51.8M Acquisition Loan for Stamford Office Building

by Taylor Williams February 27, 2026

STAMFORD, CONN. — Newmark has arranged a $51.8 million acquisition loan for Metro Center, a 282,589-square-foot office building in the southern coastal Connecticut city of Stamford. Metro Center was originally built in 1987 and has undergone more than $12 million in recent capital improvements. Tenants include law firm Robinson + Cole and Roth Capital. Christopher Kramer, Chris Lozinak and Jordan Roeschlaub of Newmark arranged the loan through Knighthead Funding on behalf of the new owner, local investment firm HB Nitkin Group. Newmark also represented the undisclosed seller in the disposition of the building and has been retained as the leasing agent.

February 27, 2026

Acquisitions Connecticut Northeast Office

CBRE Brokers Sale of 945,000 SF Office Park in Norwalk, Connecticut

by Taylor Williams February 27, 2026

NORWALK, CONN. — CBRE has brokered the sale of a four-building, 945,000-square-foot office park in the southern coastal Connecticut city of Norwalk. The buildings are part of a larger, six-building development known as Merritt 7, which houses the headquarters of companies such as Xerox, Terex, Emcor, Hearst Connecticut Media Group, Common Fund, Datto/Kaseya, MBI and LBB Specialties. Jeff Dunne, Steven Bardsley and Travis Langer of CBRE represented the seller, an entity doing business as Merritt 7 Venture LLC, in the transaction. The duo also procured the buyer, New York-based Argent Ventures.

February 27, 2026

Acquisitions Affordable Housing Multifamily New York Northeast

Marcus & Millichap Negotiates Sale of 420-Unit Affordable Housing Complex on Long Island

by Taylor Williams February 27, 2026

HEMPSTEAD, N.Y. — Marcus & Millichap has negotiated the sale of Jackson Terrace Apartments, a 420-unit affordable housing complex located in the Long Island community of Hempstead. The six-story building was originally constructed in 1972. Michael Tuccillo of Marcus & Millichap represented the buyer, an affiliate of Hudson Valley Property Group, in the transaction. The seller was self-represented. The new ownership plans to invest about $23 million to upgrade unit interiors, building exteriors and mechanical/utility systems as a means of preserving long-term affordability.

February 27, 2026

Development Industrial New Jersey Northeast

STRO, KRE to Develop 65,000 SF Industrial Project in Parsippany, New Jersey

by Taylor Williams February 27, 2026

PARSIPPANY, N.J. — A partnership between two New Jersey-based firms, The STRO Cos. and Kushner Real Estate (KRE) will develop a 65,000-square-foot industrial project in Parsippany, about 30 miles west of New York City. The building at 3 Century Drive will offer 36-foot clear heights, 10 dock doors, one drive-in door and divisibility to 32,000 square feet. Vertical construction is underway, and completion is slated for the fall. Resource Realty is the leasing agent.

February 27, 2026

Development Loans Multifamily Northeast Pennsylvania

Banco Inbursa Provides $150M Construction Loan for South Philadelphia Multifamily Project

by Taylor Williams February 26, 2026

PHILADELPHIA — Banco Inbursa has provided a $150 million senior construction loan for a multifamily project that will be located within Wharton Piers, a mixed-use waterfront development in South Philadelphia. The project will consist of a 36-story residential building and a single-story commercial building for a total of 620 market-rate apartments and 30,800 square feet of retail space. The borrower/developer is New York City-based Brevet Capital. Construction is expected to begin in early 2027, with leasing to commence in the fourth quarter of 2028. Full completion is slated for the first quarter of 2029.

February 26, 2026

Development Loans Multifamily New Jersey Northeast

CBRE Arranges $40M Construction Loan for Northern New Jersey Multifamily Project

by Taylor Williams February 26, 2026

MORRISTOWN, N.J. — CBRE has arranged a $40 million construction loan for an 89-unit multifamily project that will be located in the Northern New Jersey community of Morristown. Known as Morristown Station, the development will comprise 76 market-rate apartments and 13 affordable housing units, mostly in two-bedroom floor plans, as well as 5,111 square feet of retail space. Matthew Pizzolato and Josh Stein of CBRE arranged the loan through Truist Bank on behalf of the owner, an entity doing business as Lackawanna Place Morristown Urban Renewal LLC.

February 26, 2026

Industrial Leasing Activity Massachusetts Northeast

Newmark Negotiates 47,500 SF Industrial Lease in Bedford, Massachusetts

by Taylor Williams February 26, 2026

BEDFORD, MASS. — Newmark has negotiated a 47,500-square-foot industrial lease in Bedford, located northwest of Boston. The tenant is sustainable energy company Fourth Power, and the space is located within a newly built, 147,000-square-foot advanced manufacturing facility. Torin Taylor, Rich Ruggiero, Matt Adams, Tyler McGrail and Rory Walsh of Newmark represented the landlord, a partnership between Camber Development and Wheelock Street Capital, in the lease negotiations. Rob Glor and Michael Goodwin of Rise73 represented the tenant.

February 26, 2026

Leasing Activity New Jersey Northeast Office

Provident Bank Signs 23,000 SF Office Lease in Parsippany, New Jersey

by Taylor Williams February 26, 2026

PARSIPPANY, N.J. — Provident Bank has signed a 23,000-square-foot office lease in the Northern New Jersey community of Parsippany. The lender is taking space at the 200,000-square-foot building at 9 Entin Road. Jeff Babikian and Mark Trevisan of CBRE represented the tenant in the lease negotiations. Jamie Drummond, Andrew Perrotti and Luke Reid of Newmark represented the landlord, American Equity Partners.

February 26, 2026

Acquisitions Connecticut Northeast Office

CBRE Brokers $27.7M Sale of Office Complex in Glastonbury, Connecticut

by Taylor Williams February 25, 2026

GLASTONBURY, CONN. — CBRE has brokered the $27.7 million sale of an office complex within the Somerset Square mixed-use development in Glastonbury, located just southeast of Hartford. The two-building, 185,000-square-foot complex was 95 percent leased at the time of sale to 38 tenants, including Wells Fargo, Merrill Lynch and RBC Capital Advisors. John McCormick, Anna Kocsondy, Jeffrey Dunne and Steve Bardsley of CBRE represented the undisclosed seller in the transaction. The buyer was a New York-based entity doing business as Unified Holdings of Glastonbury LLC.

February 25, 2026

Acquisitions New York Northeast Office Retail

Resolution Real Estate Arranges $9.4M Sale of Midtown Manhattan Office, Retail Building

by Taylor Williams February 25, 2026

NEW YORK CITY — Resolution Real Estate, a member of NAI Global, has arranged the $9.4 million sale of an 18,500-square-foot office and retail building in Midtown Manhattan. The seven-story building at 5 E. 47th St. was completed in 1920 and was vacant at the time of sale. Jonata Dayan and Jeffrey Zund of Resolution Real Estate represented the buyer, Liberty Bagels, which plans to occupy about half the space, in the transaction. David Schectman, Abbe Kassin and Lipa Lieberman of Meridian Capital Group represented the seller, private investor Walter Samuels.

February 25, 2026

Newer Posts

Older Posts