Northeast Archives - REBusinessOnline

Newmark Arranges $51.8M Acquisition Loan for Stamford Office Building

Taylor Williams — Fri, 27 Feb 2026 15:24:49 +0000

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.

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

Taylor Williams — Fri, 27 Feb 2026 14:59:35 +0000

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.

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

Taylor Williams — Fri, 27 Feb 2026 14:19:45 +0000

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.

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

Taylor Williams — Fri, 27 Feb 2026 14:12:10 +0000

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.

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

Taylor Williams — Thu, 26 Feb 2026 13:39:47 +0000

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.

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

Taylor Williams — Thu, 26 Feb 2026 13:32:35 +0000

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.

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

Taylor Williams — Thu, 26 Feb 2026 13:24:24 +0000

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.

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

Taylor Williams — Thu, 26 Feb 2026 13:21:20 +0000

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.

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

Taylor Williams — Wed, 25 Feb 2026 15:05:00 +0000

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.

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

Taylor Williams — Wed, 25 Feb 2026 15:00:00 +0000

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.

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Tilcon Signs 35,000 SF Office Lease Extension in Parsippany, New Jersey

Taylor Williams — Wed, 25 Feb 2026 14:57:00 +0000

PARSIPPANY, N.J. — Tilcon has signed a 35,000-square-foot office lease extension in the Northern New Jersey community of Parsippany. The provider of construction materials will remain a tenant at the 200,000-square-foot building at 9 Entin Road. Josh Cohen and Ben Brenner of Cushman & Wakefield represented the tenant in the lease negotiations. Jamie Drummond, Andrew Perrotti and Luke Reid of Newmark represented the landlord, American Equity Partners.

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BGO Acquires 30,000 SF Healthcare Clinic in Londonderry, New Hampshire

Taylor Williams — Wed, 25 Feb 2026 14:54:25 +0000

LONDONDERRY, N.H. — BGO, the institutional investment firm formerly known as BentallGreenOak, has acquired a 30,000-square-foot healthcare clinic in Londonderry, located near the Massachusetts-New Hampshire border. Known as Lahey Medical Center, the building was completed in 2025 as a purpose-built facility for regional provider Beth Israel Lahey Health. Practices housed within the facility include oncology, infusion, cardiology, gastroenterology and neurology.

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American Express to Build 2 MSF Global Headquarters at 2 World Trade Center in Lower Manhattan

Kristin Harlow — Wed, 25 Feb 2026 13:00:00 +0000

NEW YORK CITY — American Express (NYSE: AXP) has unveiled plans to build a new global headquarters at 2 World Trade Center in Lower Manhattan. The credit card giant will be the sole owner and occupant of the new building, which is slated for completion in 2031. Spanning nearly 2 million square feet across 55 floors, the tower will have capacity to host up to 10,000 colleagues across flexible and modern workspaces. The project will feature more than an acre of outdoor space with several greenery-filled terraces and gardens that will offer views of the Manhattan skyline. “This is an investment in our company’s future, our colleagues and the Lower Manhattan community, reaffirming our deep commitment to the neighborhood we’ve called home for nearly two centuries,” says Stephen Squeri, chairman and CEO of American Express. Silverstein Properties is the developer, and Foster + Partners is the design architect. Fried Frank advised American Express on the development agreement. The project team is pursuing LEED certification and integrating smart-building technology and fully electric, energy-efficient mechanical systems. Located at 200 Greenwich St., the building will be developed on land owned by The Port Authority of New York and New Jersey (PANYNJ) under a…

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Mill Creek Breaks Ground on $145M Multifamily Project in Boston

Taylor Williams — Tue, 24 Feb 2026 15:35:12 +0000

BOSTON — Mill Creek Residential has broken ground on a $145 million multifamily project in the Allston area of Boston. Modera Allston will have 240 units in studio, one-, two- and three-bedroom floor plans. Residences will be furnished with stainless steel appliances, quartz countertops, tile backsplashes and in-home washers and dryers. Amenities will include a rooftop deck, grilling areas, resident clubhouse, a speakeasy-inspired lounge with a sports simulator, coworking spaces, private workstations and offices, landscaped courtyards, pet spa and a fitness studio. CUBE3 is the project architect, and H+O is the structural engineer. The first move-ins are expected to begin in 2028.

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CBRE Negotiates $56M Sale of Annin Lofts Apartments in Verona, New Jersey

Taylor Williams — Tue, 24 Feb 2026 15:24:34 +0000

VERONA, N.J. — CBRE has negotiated the $56 million sale of Annin Lofts, a 111-unit apartment complex in Verona, about 20 miles west of New York City. Completed in 2018, Annin Lofts consists of two buildings, one of which was constructed from the ground up, and the other of which is a conversion of the historic Annin Flag Factory. Units come in studio, one-, two- and three-bedroom floor plans. Amenities include two rooftop terraces, a resident lounge with TVs and billiards and a dog run. Jeffrey Dunne, Stuart MacKenzie, Eric Apfel, Travis Langer and Eric Greenberg of CBRE represented the locally based seller, Russo Development, in the transaction and procured the buyer, Bonjour Capital.

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Gantry Arranges $48.3M in Acquisition Financing for Multifamily Portfolio Near Buffalo

Taylor Williams — Tue, 24 Feb 2026 15:12:42 +0000

HAMBURG, N.Y. — San Francisco-based intermediary Gantry has arranged $48.3 million in acquisition financing across three Fannie Mae loans for a portfolio of four multifamily properties totaling 671 units in Hamburg, located just south of Buffalo. The unnamed properties were all built in the 1970s, and the loans were all structured with fixed interest rates. Tom Grzebinski and Zach Wagner of Gantry structured the deal, which involved one loan cross-collateralizing two adjacent properties that will be managed as one community. Walker & Dunlop provided the debt to an undisclosed borrower.

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Colliers Brokers Sale of 107,000 SF Vacant Office Building in Parsippany, New Jersey

Taylor Williams — Tue, 24 Feb 2026 15:10:39 +0000

PARSIPPANY, N.J. — Colliers has brokered the sale of a 107,000-square-foot vacant office building in the Northern New Jersey community of Parsippany. According to LoopNet Inc., the four-story building at 45 Waterview Blvd. was originally constructed in 1997. The building was previously fully leased to DSM Nutritional Products. Jacklene Chesler, Patrick Norris, Samuel Horowitz and Brittany Leventoff of Colliers represented the seller and procured the buyer and end user, both of which requested anonymity, in the transaction.

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Affinius Capital-Led Consortium Agrees to Acquire Veris Residential in $3.4B Go-Private Deal

John Nelson — Tue, 24 Feb 2026 12:59:00 +0000

JERSEY CITY, N.J. — An investor consortium led by Affinius Capital has entered into a definitive merger agreement to acquire Veris Residential Inc. (NYSE: VRE), a multifamily real estate investment trust (REIT) based in Jersey City. As of Dec. 31, 2025, the company’s portfolio spanned more than 6,500 units in the Northeast, as well as $35 million in land bank holdings. Under the terms of the agreement, the consortium, which also includes Vista Hill Partners, will purchase Veris in an all-cash transaction for $19 per share of the REIT’s common stock, with represents an implied enterprise value of $3.4 billion. As a result of the transaction, Veris will no longer be publicly traded on the New York Stock Exchange. Mahbod Nia, CEO of Veris, says the merger represents the culmination of a multi-year transformation of the company that began in 2020, when the firm, then known as Mack-Cali Realty Corp., established its ESG committee. “Over the past five years, we have undertaken meaningful steps to pivot away from office, simplifying and focusing the business, strengthening our balance sheet and enhancing our operational platform,” says Nia. The transaction price reflects a 23.2 percent premium to Veris’ unaffected closing share price on Wednesday,…

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Truist Provides $66M Construction Loan for Multifamily Project in Port Chester, New York

Taylor Williams — Mon, 23 Feb 2026 14:34:56 +0000

PORT CHESTER, N.Y. — Charlotte-based Truist Bank has provided a $66 million construction loan for a 203-unit multifamily project in Port Chester, located along the New York-Connecticut border. The site is located at 70 Abendroth Road in the downtown area. The six-story building will include roughly 20 affordable housing units that will be reserved for households earning 60 percent or less of the area median income, as well as 10,000 square feet of retail space, a community facility and structured parking. John Alascio and Chuck Kohaut of Cushman & Wakefield arranged the loan on behalf of the developer, Hudson Cos.

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Walker & Dunlop Arranges $53.6M Sale of Mixed-Use Property in Cambridge

Taylor Williams — Mon, 23 Feb 2026 14:20:38 +0000

CAMBRIDGE, MASS. — Walker & Dunlop has arranged the $53.6 million sale of 929 MASS, a two-building, mixed-use property in Cambridge, located across the Charles River from Boston. The property consists of 18-story building with 96 apartments, 12,451 square feet of commercial space and 101 parking spaces, along with a contiguous five-story building with 31 residential units. Travis D’Amato, Michael Coyne, Brendan Shields, Kevin Gleason and Maggie McFarland of Walker & Dunlop represented the undisclosed, institutional seller in the transaction. The buyer was John M Corcoran & Co.

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