Northeast Archives - REBusinessOnline

EQT Real Estate Buys 1 MSF Industrial Property in Olyphant, Pennsylvania

Taylor Williams — Mon, 26 Jan 2026 13:35:00 +0000

OLYPHANT, PA. — Global investment firm EQT Real Estate has purchased a 1 million-square-foot industrial property in Olyphant, located just outside of Scranton. Completed in 2023, Scranton North Logistics Center features a clear height of 40 feet, 185-foot truck court depths, 233 trailer parking stalls, 163 dock-high doors and four drive-in doors. John Plower, Ryan Cottone and Zach Maguire of JLL brokered the sale of the property, which was fully leased at the time of sale to an unnamed tenant. The seller was regional owner-operator Endurance Real Estate.

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BlueGate JLL Arrange Sale of 194-Unit Apartment Complex in Fort Lee, New Jersey

Taylor Williams — Mon, 26 Jan 2026 13:33:00 +0000

FORT LEE, N.J. — Regional brokerage firm BlueGate Partners and JLL have co-arranged the sale of Twenty50, a 194-unit apartment complex in the Northern New Jersey community of Fort Lee. Built in 2013, the 12-story building houses one- and two-bedroom units with an average size of 896 square feet. Amenities include a pool, coworking space, library, fitness center, lounge and outdoor grilling and dining stations. Mark DeLillo, Marc Schulder and Lee Spiegleman of BlueGate collaborated with JLL’s Jose Cruz, Steve Simonelli, Mike Oliver and Elizabeth DeVesty to broker the deal. The buyer and seller were not disclosed.

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Intercontinental Sells 127,496 SF Healthcare, Retail Building in Garden City, New York

Taylor Williams — Mon, 26 Jan 2026 13:32:00 +0000

GARDEN CITY, N.Y. — Intercontinental Real Estate Corp. has sold a 127,496-square-foot healthcare and retail building in Garden City, located on Long Island. The site spans 2.3 acres at 1300 Franklin Ave., and the building was originally constructed in the 1960s and renovated in 2007. Jose Cruz, Jeremy Neuer and David Leviton of JLL represented Intercontinental in the transaction. The buyer and sales price were not disclosed. The building was 78.5 percent leased at the time of sale.

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Slarskey LLC Signs 12,278 SF Office Lease in Midtown Manhattan

Taylor Williams — Mon, 26 Jan 2026 13:30:00 +0000

NEW YORK CITY — Slarskey LLC has signed a 12,278-square-foot office lease in Midtown Manhattan. The law firm will occupy the entire 32nd floor of 825 Third Avenue, a 40-story building at which a $150 million capital improvement program was recently completed. David Hoffman and Sam Hoffman of Cushman & Wakefield represented the tenant in the lease negotiations. Tom Bow, Ashlea Aaron, Bailey Caliban and Sayo Kamara represented the landlord, The Durst Organization, on an internal basis.

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Newmark Arranges $218M in Financing for Office-to-Residential Conversion Project in Manhattan

Taylor Williams — Mon, 26 Jan 2026 12:59:00 +0000

NEW YORK CITY — Newmark has arranged $218 million in financing for the acquisition and office-to-residential conversion of 101 Greenwich Street in downtown Manhattan. Apollo Global Management provided the funds to the borrower, a partnership between Quantum Pacific and MetroLoft Developers. According to the property website, 101 Greenwich Street was originally constructed in the early 20th century and spans 480,000 rentable square feet. Neither a timeline for construction nor information on residential floor plans or amenities was announced, but the New York Business Journal reports that the new complex will have 614 units. Jordan Roeschlaub, Christopher Kramer and Holden Witkoff led the debt placement efforts for Newmark on behalf of ownership. Adam Spies and Adam Doneger, also with Newmark, represented the seller, institutional investment firm BentallGreenOak, in the $105 million sale of the property. According to the deal team, 101 Greenwich Street is a viable office building for residential conversion due to certain design features, such as U-shaped floor plates, extensive window lines, strong natural light and above-average ceiling heights. — Taylor Williams

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Moinian Group Provides Updates on Spec Office Project in Manhattan

Taylor Williams — Fri, 23 Jan 2026 16:08:07 +0000

NEW YORK CITY — Locally based developer The Moinian Group has provided updates on its speculative office project at 220 11th Ave. in the West Chelsea area of Manhattan. The project was originally announced in February 2020, but construction was delayed until early 2022. The foundation of the nine-story, 210,000-square-foot building is now complete, and Moinian Group has appointed Newmark as the new leasing agent. Designed by David Burns Studio Architecture, the building will feature two sculptural terraces, a 12,470-square-foot landscaped rooftop and two penthouse terraces totaling 2,200 square feet. At street level, an 11,920-square-foot duplex space offers the potential for flagship retail or flexible commercial use. An expected completion date was not announced, but the project team says that a prospective anchor tenant can commence its interior buildout within 18 months of lease execution.

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CBRE Arranges $58M Loan for Refinancing of Office Complex in Short Hills, New Jersey

Taylor Williams — Fri, 23 Jan 2026 15:57:45 +0000

SHORT HILLS, N.J. — CBRE has arranged a $58 million loan for the refinancing of a two-building, 320,000-square-foot office complex in Short Hills, about 25 miles west of New York City. The property, which was 95 percent leased at the time of sale, offers amenities such as a fitness center with a yoga and meditation room, cafeteria and shuttle service to nearby public transit lines. Brad Zampa and Mike Walker of CBRE arranged the five-year, floating-rate loan on behalf of the owner, Columbia Pacific Advisors. An undisclosed, East Coast-based institutional real estate lender provided the funds.

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JLL Brokers $27.9M Sale of Retail Portfolio in Mount Olive, New Jersey

Taylor Williams — Fri, 23 Jan 2026 15:41:20 +0000

MOUNT OLIVE, N.J. — JLL has brokered the $27.9 million sale of a portfolio of net-leased retail properties totaling 167,532 square feet in Mount Olive, about 45 miles west of New York City. Known as The Gardens Portfolio, the collection spans eight properties across seven pad sites totaling 32,493 square feet and a Lowe’s Home Improvement store that totals 135,039 square feet. Other tenants include Applebee’s, LongHorn Steakhouse, Panera Bread, Wells Fargo, McDonald’s, Wendy’s, Panda Express and Chipotle. Kevin O’Hearn, Jose Cruz and J.B. Bruno of JLL represented the seller, Rivani, in the transaction.

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Cushman & Wakefield Negotiates 12,016 SF Office Lease in Hoboken

Taylor Williams — Fri, 23 Jan 2026 15:38:48 +0000

HOBOKEN, N.J. — Cushman & Wakefield has negotiated a 12,016-square-foot office lease in Hoboken. The tenant is cybersecurity firm Semperis, and the space is located on the ninth floor of the 13-story building at 111 River St., which is also home to Unilever’s new U.S. headquarters. Patrick Decker, Mina Shehata, David DeMatteis and Mark Zaziski of Cushman & Wakefield successfully represented Semperis in the lease negotiations. The landlord, SJP Properties, was self-represented.

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Walker & Dunlop Arranges $250M in Financing for Newark Multifamily Project

Taylor Williams — Thu, 22 Jan 2026 14:43:02 +0000

NEWARK, N.J. — Walker & Dunlop has arranged $250 million in financing for 22 Fulton, a 396-unit multifamily project in the Military Park neighborhood of Newark. The financing includes nearly $119 million from the Urban Investment Group at Goldman Sachs Alternatives across a construction loan, 4 percent Low-Income Housing Tax Credit (LIHTC) equity and a LIHTC bridge loan. The package also includes a $20 million preferred equity investment from an unnamed institutional capital provider and a $100 million forward commitment for a permanent loan by Barings. Barings has also committed additional funds to the project via the purchase of tax credits from the New Jersey Economic Development Authority’s Aspire program, which supports transit-oriented development. Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Jordan Casella, Michael Ianno and Jackson Irwin of Walker & Dunlop arranged the financing on behalf of the borrower, a partnership between SK Development and the Berger Organization. The 21-story building will house 315 market-rate apartments and 80 affordable housing units that will be reserved for renters earning 60 percent or less of the area median income, as well as one staff residence and 4,700 square feet of retail space. Units will come in one- and two-bedroom floor…

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Newmark Brokers $24.5M Sale of Warehouse, Distribution Facility in Portsmouth, New Hampshire

Taylor Williams — Thu, 22 Jan 2026 14:36:56 +0000

PORTSMOUTH, N.H. — Newmark has brokered the $24.5 million sale of a 102,059-square-foot warehouse and distribution facility in Portsmouth, located along the Maine-New Hampshire border. The building at 100 New Hampshire Ave. was completed last fall and was delivered fully preleased to an HCA Healthcare subsidiary and paper products provider Georgia-Pacific. Tyler McGrail of Newmark represented the seller, The Kane Co., in the transaction and procured the buyer, Wenberry Associates LLC. Robert Griffin, Edward Maher, Matthew Pullen, James Tribble, Samantha Hallowell and Allie Percoco of Newmark provided support for the transaction.

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CPC Provides $7.5M Construction Loan for Multifamily Project in Hicksville, New York

Taylor Williams — Thu, 22 Jan 2026 14:08:01 +0000

HICKSVILLE, N.Y. — The Community Preservation Corp. (CPC), a nonprofit, multifamily finance company, has provided a $7.5 million construction loan for a 20-unit project in Hicksville, located on Long Island. The building will be located at 33-37 Cherry St. in the downtown area, just three blocks from the LIRR Hicksville Station, where a $300 million modernization is nearing completion. The building, which is slated for a spring 2027 delivery, will include three permanently affordable units and offer amenities such as a fitness center and a coworking lounge. The borrower is an entity doing business as Premerio Cherry LLC.

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Cerity Partners Signs Office Lease Expansion in Midtown Manhattan

Taylor Williams — Thu, 22 Jan 2026 14:04:53 +0000

NEW YORK CITY — Cerity Partners has signed an office lease expansion in Midtown Manhattan. The wealth management and financial advisory firm currently subleases space on the 16th floor of 99 Park Avenue, a 26-story, 600,000-square-foot building. In 2027, Cerity Partners will transition to direct tenancy and expand its footprint to 48,671 square feet, inclusive of the entire 15th floor. Nicholas Dysenchuk and Rob Lowe of Cushman & Wakefield represented the tenant in the lease negotiations. Paul Glickman, Diana Biasotti, Kristen Morgan and Harrison Potter of JLL, along with internal agents Craig Panzirer and Alex Radmin, represented the landlord, Global Holdings.

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AANDAR Arranges $145.3M Refinancing of Apartment Building in New Rochelle, New York

Taylor Williams — Wed, 21 Jan 2026 15:25:06 +0000

NEW ROCHELLE, N.Y. — AANDAR Real Estate Capital, a boutique capital advisory firm based in New Jersey, has arranged the $145.3 million refinancing of The Alary, a 315-unit apartment building in New Rochelle, located north of New York City. The financing consists of a $125.8 million senior bridge loan from Greystone and a $19.5 million preferred equity investment from Forum Investment Group. Developed by Allstate Ventures and completed last year, The Alary offers studio, one- and two-bedroom units. Indoor amenities include a fitness center, coworking spaces with private pods and conference rooms, a game room with a wet bar, sports simulator, children’s playroom and a sky lounge with a full-service bar. Outside, residents have access to a rooftop area with a pool, outdoor cinema, barbecue kitchens, fire pits and a dog park. Shaya Sonnenschein and Michael Weisz led the transaction for AANDAR.

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CBRE Provides $35.5M Agency Permanent Loan for Multifamily Property in Belleville, New Jersey

Taylor Williams — Wed, 21 Jan 2026 15:04:12 +0000

BELLEVILLE, N.J. — CBRE has provided a $35.5 million Freddie Mac permanent loan for The Essex, a 158-unit multifamily property located in the Northern New Jersey community of Belleville. According to Apartments.com, the newly constructed, four-story building offers studio, one- and two-bedroom units that range in size from 437 to 888 square feet. Amenities include a fitness center with a yoga room, rooftop courtyard with grilling stations and a fire pit, resident lounge, game room, coworking pods, package room and a pet washing station. Judah Hammer, Jeff Feldman and Jack Hayes of CBRE originated the loan. The borrower was not disclosed.

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Partnership Acquires 102,500 SF Shopping Center in Old Lyme, Connecticut

Taylor Williams — Wed, 21 Jan 2026 14:59:33 +0000

OLD LYME, CONN. — A partnership between Zelco Properties & Development, Grossman Development Group and The McDevitt Co. has acquired a 102,500-square-foot shopping center in Old Lyme, located in southern coastal Connecticut. Anchored by Big Y World Class Market, Old Lyme Marketplace is also home to tenants such as Walgreens, Grand Wine & Spirits and The Bowerbird Gift Shop. The seller and sales price were not disclosed.

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Lydian Opens 25,000 SF Life Sciences Facility at Hood Park in Metro Boston

Taylor Williams — Wed, 21 Jan 2026 14:42:38 +0000

CHARLESTOWN, MASS. — Lydian, a Massachusetts-based provider of synthetic fuels, has opened a 25,000-square-foot life sciences facility in Charlestown, located north of Boston. The space is located within Hood Park, a 20-acre mixed-use redevelopment of the former H.P. Hood and Sons dairy facility, and will support operations at Lydian’s demonstration plant. The launch of that facility is scheduled for 2027.

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Hawkins Way Capital Underway on Student Housing Renovation, Expansion Project in Newark

Taylor Williams — Tue, 20 Jan 2026 14:25:37 +0000

NEWARK, N.J. — Hawkins Way Capital, a California-based private equity firm, is underway on a student housing renovation and expansion project in Newark. The project involves transforming University Centre, a 521-bed complex that serves students at Rutgers University-Newark, the New Jersey Institute of Technology and Seton Hall University, to be able to accommodate 800 occupants as opposed to the current capacity of 690 students. Construction, inclusive of upgrades to 96 apartments and various common spaces, began last year on University Centre’s 13-story tower and five-story housing block while the complex was partially occupied. Work on remaining units is expected to be complete this summer. BDB Construction Enterprise is the construction manager and general contractor for the project.

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CBRE Negotiates $98.2M Sale of Shops at Evergreen Walk in South Windsor, Connecticut

Taylor Williams — Tue, 20 Jan 2026 14:20:02 +0000

SOUTH WINDSOR, CONN. — CBRE has negotiated the $98.2 million sale of The Shops at Evergreen Walk, a 357,742-square-foot retail power center located outside of Hartford in South Windsor. A newly opened Whole Foods Market anchors the center, which is located within a larger master-planned development. Other tenants include L.L. Bean, Apple, Anthropologie, Pottery Barn, Williams-Sonoma, lululemon, Golf Lounge 18, J.Crew Factory, Gap Factory, Nike and Bluemercury. Nat Heald led the CBRE team that represented the seller, PGIM Real Estate, in the transaction. Scott Aiese led a JLL team that arranged a $76.9 million acquisition loan through an unnamed international bank on behalf of the buyer, a joint venture between Brand Street Properties and Barings. Chris Angelone and Zach Nitsche, also with JLL, structured the joint venture equity investment.

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Triangle, Incline Begin Leasing 400-Unit Multifamily Project in East Orange, New Jersey

Taylor Williams — Tue, 20 Jan 2026 14:15:05 +0000

EAST ORANGE, N.J. — A partnership between two regional investment and development firms, Triangle Equities and Incline Capital, has begun leasing a 400-unit multifamily project in East Orange, about 20 miles west of New York City. Known as Embark at The Crossing, the project represents Phase I of a larger, 1,000-unit development called The Crossings at Brick Church Station. Units come in studio, one-, two- and three-bedroom floor plans. Amenities include two landscaped courtyards with fire pits, outdoor screening areas and grilling stations, as well as a fitness center, coworking lounge, resident clubroom, private theater, children’s playroom and a pet spa. Rents start at just under $2,000 per month for a studio apartment.

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