Northeast Archives - REBusinessOnline

MassHousing Provides $50M in Financing for Affordable Housing Redevelopment in Brockton, Massachusetts

Taylor Williams — Fri, 01 May 2026 13:18:46 +0000

BROCKTON, MASS. — MassHousing has provided $50 million in financing for an affordable housing redevelopment project in Brockton, a southern suburb of Boston. The financing consists of $28.2 million in permanent debt, $20.7 million in tax credit bridge financing and $1 million in Capital Magnet Fund financing. Santander Bank is financing construction. The property in question is Campello Apartments, a distressed public housing project that was originally built in 1972, and the redevelopment will involve the demolition of a single-story building and two existing Campello high-rise buildings totaling 398 units. The first of the project’s three planned phases will feature a seven-story building with 144 units that will be reserved for households earning between 30 and 60 percent of the area median income. Amenities will include a main lounge on the ground floor, as well as laundry, fitness and social gathering spaces. The Brockton Housing Authority and Cambridge Housing Authority are leading the redevelopment, with BWA Architecture handling design and Shawmut Construction serving as the general contractor. An expected completion date was not announced.

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Landmark Cos. Acquires Northern New Jersey Apartment Complex for $35M

Taylor Williams — Fri, 01 May 2026 13:10:58 +0000

PISCATAWAY, N.J. — Landmark Cos. has acquired The Grove at Piscataway, a 110-unit apartment complex in Northern New Jersey, for $35 million. Built in 2020, the property consists of three residential buildings that house one- and two-bedroom units with an average size of 978 square feet, as well as a clubhouse building. Twenty percent (22) of the units are subject to income restrictions. Other amenities include a pool, outdoor grilling and dining stations, a fitness center, social lounge with billiards and coworking space. Mike Oliver, Jose Cruz, Steve Simonelli, Elizabeth DeVesty, Ryan Robertson and Austin Pierce of JLL represented Landmark in the transaction. The seller was not disclosed.

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Cushman & Wakefield Arranges $28.2M Acquisition Loan for Industrial Portfolio in Mamaroneck, New York

Taylor Williams — Fri, 01 May 2026 13:05:56 +0000

MAMARONECK, N.Y. — Cushman & Wakefield has arranged a $28.2 million acquisition loan for a portfolio of six small-bay industrial buildings in Mamaroneck, located north of New York City in Westchester County. The square footage of the portfolio was not disclosed. John Alascio, T.J. Sullivan and Mitch Rothstein of Cushman & Wakefield originated the floating-rate loan through Sound Point Capital Management. The borrower was also not disclosed.

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Grossman Cos. Buys 119,500 SF Healthcare Building in Westwood, Massachusetts

Taylor Williams — Fri, 01 May 2026 13:03:03 +0000

WESTWOOD, MASS. — Locally based investment firm The Grossman Cos. has purchased a 119,500-square-foot healthcare building in Westwood, located southwest of Boston. The building at 80 Wilson Way is fully leased to Beth Israel Lahey Health Inc. Grossman has appointed local brokerage and advisory firm KeyPoint Partners to manage the building. The seller and sales price were not disclosed.

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Reports: Walmart Acquires East Hartford Industrial Building for $212M

Taylor Williams — Thu, 30 Apr 2026 13:45:00 +0000

EAST HARTFORD, CONN. — An affiliate of Walmart has acquired an industrial building in East Hartford for approximately $212 million, according to reports from multiple local news outlets, including CT Insider and the Hartford Business Journal. The building is one of two within the 2.5 million-square-foot East Hartford Logistics & Technology Park, which was completed in 2024. The latter publication reports that the building was previously slated for use by Wayfair, but the Massachusetts-based furniture company “never fully occupied the space and later sought to sublease the building.” The seller was a joint venture between PGIM and National Development.

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JLL Arranges $58M Loan for Refinancing of Metro Philadelphia Office Building

Taylor Williams — Thu, 30 Apr 2026 13:40:00 +0000

CONSHOHOCKEN, PA. — JLL has arranged a $58 million loan for the refinancing of 300 Four Falls, a 298,564-square-foot office building in Conshohocken, a northern suburb of Philadelphia. Built in 2003, 300 Four Falls is a seven-story building that features a redesigned lobby, conference center, café, fitness center and a designated tenant amenity space. At the time of the loan closing, the building was 91.6 percent leased. Chad Orcutt led the JLL team that arranged the five-year, fixed-rate loan through Barclays and an entity managed by Argentic Investment Management LLC. The borrower was Maguire Hayden Real Estate Co.

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Woodmont Industrial Sells 54,113 SF Building in Woodbridge, New Jersey

Taylor Williams — Thu, 30 Apr 2026 13:35:00 +0000

WOODBRIDGE, N.J. — Local owner-operator Woodmont Industrial Properties has sold a 54,113-square-foot building in Woodbridge, about 25 miles south of New York City. Delivered in 2023, the building at 51 New Brunswick Ave. features a clear height of 32 feet, seven exterior dock doors, one drive-in door and 2,300 square feet of office space and was fully leased at the time of sale of R.A.S. Logistics. Brian Schulz, Steven Beyda and Kevin Welsh of Newmark brokered the deal. The buyer was Sagard Real Estate.

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TransUnion Signs 30,140 SF Office Lease in Midtown Manhattan

Taylor Williams — Thu, 30 Apr 2026 13:30:00 +0000

NEW YORK CITY — TransUnion has signed a 30,140-square-foot office lease in Midtown Manhattan. The provider of credit reporting and monitoring services will occupy the entire sixth floor at 1155 Avenue of the Americas, according to a LinkedIn post by the landlord, The Durst Organization. Tom Bow, Rocco Romeo and Nora Caliban internally represented Durst in the lease negotiations. David Wilson, Jonathan Zeitler, Michael McKenna and Barry Spagna of Cresa, along with internal agent Harriet Gleason, represented TransUnion.

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Taxable Status Date Versus Valuation Date: Key Differences in Property Tax Law That Northeast Commercial Owners Should Know

Taylor Williams — Thu, 30 Apr 2026 11:51:00 +0000

By Jason Penighetti of Forchelli Deegan Terrana Whenever commercial property owners challenge their real estate tax assessments, two critical dates are significant: the taxable status date and the valuation date. While the two dates sound as if they could be interchangeable, each serves distinct purposes and is firmly established in law. More to the point, confusing the two can derail even the strongest assessment challenge. The taxable status date is the point in time when assessors determine the property’s ownership and physical condition. This process serves to answer two questions: who owns the property, and what does it look like? This date typically falls early in the calendar year. Many New York jurisdictions utilize a March 1 taxable status date, as does Connecticut. In New Jersey, the key date is Oct. 1 of the prior year, while in Massachusetts, it falls on Jan 1. As of that day, assessors look at two components: the ownership of the parcel and its condition. Events occurring afterward generally do not affect the current year’s assessment. If a new addition is completed after the taxable status date, it will not increase that year’s value. Likewise, if a property suffers catastrophic damage or partial demolition…

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MassHousing Provides $17.8M in Financing for Affordable Housing Project in Somerville, Massachusetts

Taylor Williams — Wed, 29 Apr 2026 13:29:15 +0000

SOMERVILLE, MASS. — MassHousing has provided $17.8 million in financing for a 43-unit affordable housing project in Somerville, located just outside of Boston. MassHousing also issued tax-exempt housing revenue bonds to finance the project, with TD Bank providing another $22.8 million in construction financing. The capital stack also includes $21.2 million in federal and state tax credits. The site at 24 Webster Ave. previously housed a vacant commercial building, which has since been demolished to make way for a six-story building that will have studio, one-, two- and three-bedroom units. Residences will be reserved for households earning between 30 and 60 percent of the area median income. The borrower is nonprofit organization Just A Start.

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Newmark Arranges Office Headquarters Lease Renewal, Extension in Malvern, Pennsylvania

Taylor Williams — Wed, 29 Apr 2026 13:21:08 +0000

MALVERN, PA. — Newmark has arranged an office headquarters lease renewal and extension in Malvern, a western suburb of Philadelphia. The square footage was not disclosed. The tenant is building materials supplier Saint-Gobain, and the space is located within the buildings at 18-20 Moores Road. Craig Scheuerle of Newmark represented Saint-Gobain in the lease negotiations. The landlord, a partnership between Dubai-based Arzan Wealth and Chicago-based 90 North Real Estate Partners, was self-represented.

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Simon Welcomes New Tenants to Mall at Rockingham Park in Salem, New Hampshire

Taylor Williams — Wed, 29 Apr 2026 13:13:19 +0000

SALEM, N.H. — Simon Property Group has welcomed several new tenants to The Mall at Rockingham Park, a 1 million-square-foot shopping and dining destination located about 30 miles north of Boston in Salem. Jeweler Gorjana, athleisure retailer lululemon and activewear brand OFFLINE by Aerie all opened stores in recent weeks, while Rowan, a provider of ear piercing services, is also set to open soon. Simon has also announced updates to the mall’s 160,000-square-foot casino, which is slated to debut in mid-2027.

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MTS Health Partners Signs 29,166 SF Office Lease in Midtown Manhattan

Taylor Williams — Wed, 29 Apr 2026 13:09:42 +0000

NEW YORK CITY — MTS Health Partners has signed a 29,166-square-foot office lease in Midtown Manhattan. The financial advisory and brokerage firm for the healthcare industry will occupy the entire 34th floor at 1185 Avenue of the Americas, a 42-story building. Stephen Siegel and Sinclair Li of CBRE represented the tenant in the lease negotiations. Brian Waterman, Jonathan Fanuzzi, Brent Ozarowski, David Waterman and Kevin Sullivan of Newmark represented the landlord, SL Green.

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Newmark Arranges $113.5M Sale of Two Boston Retail Properties

Taylor Williams — Tue, 28 Apr 2026 13:59:46 +0000

BOSTON — Newmark has arranged the $113.5 million sale of two retail properties in Boston’s Back Bay neighborhood. The properties are located at 4-6 and 28 Newbury St. and were custom-designed to house flagship stores of luxury retailers Chanel and Cartier, respectively. The Chanel store spans 10,328 square feet across two stories, and the Cartier store totals 18,942 square feet. Robert Griffin, Geoffrey Millerd and Paul Penman of Newmark represented the seller, ASG Equities, in the transaction. The team also procured the buyer, a joint venture between Acadia Realty Trust and Osiris Ventures. Alex Foshay, Victoria Radman, Casey O’Brien and Christian Reenstierna, also with Newmark, provided support on the deal.

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Dwight Capital Provides $110M HUD-Insured Loan for Refinancing of Newark Apartment Building

Taylor Williams — Tue, 28 Apr 2026 13:51:08 +0000

NEWARK, N.J. — New York City-based Dwight Capital has provided a $110 million HUD-insured loan for the refinancing of 55 Union, a 12-story apartment building in Newark’s historic Ironbound neighborhood. Designed by Minno & Wasko Architects & Planners and completed in 2023, 55 Union offers 403 units in studio, one- and two-bedroom floor plans, as well as 3,222 square feet of commercial space. Residences are furnished with stainless steel appliances, quartz countertops and individual washers and dryers. Amenities include a fitness center, business center, clubroom, coffee bar, private dining room, a rooftop garden and outdoor grilling and dining stations. Josh Hoffman and Jonathan Pomper of Dwight originated the debt through HUD’s 223(f) program on behalf of the borrower, J&L Cos.

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JLL Brokers Sale of 641,631 SF Industrial Portfolio in Hartford County, Connecticut

Taylor Williams — Tue, 28 Apr 2026 13:43:46 +0000

HARTFORD COUNTY, CONN. — JLL has brokered the sale of the New England Tradeport Shallow Bay Portfolio, a collection of nine industrial buildings totaling 641,631 square feet in Hartford County. The portfolio features an average building size of 71,292 square feet, average vintage of 1997 and an average clear height of 25 feet. John Huguenard, Michael Restivo, David Coffman, Tommy Hovey and Shawn McMahon of JLL represented the seller, INDUS Realty Trust, in the transaction. The buyer and sales price were not disclosed. The portfolio was 98 percent leased to 19 tenants at the time of sale.

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UHY Advisors NY Signs 27,508 SF Office Lease in Midtown Manhattan

Taylor Williams — Tue, 28 Apr 2026 13:41:13 +0000

NEW YORK CITY — UHY Advisors NY Inc. has signed a 27,508-square-foot office lease in Midtown Manhattan. The financial advisory firm will occupy the entire ninth floor at 1185 Avenue of the Americas, a 42-story building, via a 10-year deal. Silvio Petriello and Tamika Kramer of CBRE represented the tenant in the lease negotiations. Brian Waterman, Jonathan Fanuzzi, Brent Ozarowski, David Waterman and Kevin Sullivan of Newmark represented the landlord, SL Green.

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Barings Provides $86.2M in Financing for Industrial Property in Bayonne, New Jersey

Taylor Williams — Mon, 27 Apr 2026 14:16:48 +0000

BAYONNE, N.J. — Barings has provided $86.2 million in bridge financing for a 355,580-square-foot industrial property in the Northern New Jersey community of Bayonne. Bridge Point Bayonne was built in 2024 on a 17.6-acre site that is approximately 1.5 miles from the New Jersey Turnpike. Building features include a cross-dock configuration, clear height of 40 feet, 70 dock doors, four drive-in doors and parking for 213 cars and 56 trailers. Jon Mikula, Michael Klein, Michael Lachs and Kevin Badger of JLL arranged the floating-rate loan on behalf of the borrower, Kurv Industrial, the Chicago-based investment and development firm formerly known as Bridge Industrial.

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CBRE Negotiates $21.4M Sale of Shopping Center in Wallingford, Connecticut

Taylor Williams — Mon, 27 Apr 2026 14:00:29 +0000

WALLINGFORD, CONN. — CBRE has negotiated the $21.4 million sale of a 115,000-square-foot shopping center in Wallingford, located roughly midway between Hartford and New Haven. Wallingford Fair Shopping Center is home to a ShopRite supermarket, Petco store and a self-storage facility. Nat Heald, Jordana Roet, Connor Scott and Kyle Juszczyszyn of CBRE represented the seller and procured the buyer in the transaction. Both parties requested anonymity.

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JLL Arranges $11.5M Acquisition Loan for Northern New Jersey Retail Project

Taylor Williams — Mon, 27 Apr 2026 13:58:14 +0000

CLIFTON, N.J. — JLL has arranged an $11.5 million acquisition loan for a retail project in the Northern New Jersey community of Clifton. The 4.3-acre site at 1030–1050 U.S. Route 46 formerly housed a vacant commercial building that is being redeveloped into a 48,535-square-foot, grocery-anchored retail center that is 80 percent preleased. Ryan Carroll, Nazario Paragano and Christian Badalamenti of JLL arranged the three-year, floating-rate loan through Fidelity Investments on behalf of the undisclosed borrower.

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