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JLL Arranges $135M in Construction Financing for Yonkers Multifamily Project

Taylor Williams — Fri, 30 Oct 2026 14:03:53 +0000

YONKERS, N.Y. — JLL has arranged $135 million in construction financing for The Ibex at Ridge Hill, a 282-unit multifamily project that will be located north of New York City in Yonkers. The financing consists of a $93 million construction loan from Bank OZK and $42 million in equity from Eagle Realty Group. Evan Pariser, Aaron Niedermayer and John Lowe of JLL arranged the financing on behalf of the sponsor, a partnership between Saber-Hightower and Rafferty Real Estate. The Ibex at Ridge Hill will be a 17-story building with 254 market-rate units and 28 affordable housing units, as well as 423 parking spaces and 5,000 square feet of ground-floor retail space. Information on floor plans was not disclosed. Amenities will include a pool, fitness center with a yoga studio, residential and coworking lounges, rooftop deck and a 17th-floor sky lounge. Beyer Blinder Belle and ESG | Architecture & Design are the project architects, and Callahan Construction Managers in the general contractor.

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Wayfair to Open 95,000 SF Store at North Hills Village in Pittsburgh

Taylor Williams — Fri, 30 Oct 2026 14:00:02 +0000

PITTSBURGH — Wayfair will open a 95,000-square-foot store in Pittsburgh. The store, which will be located just outside the downtown area within the North Hills Village shopping center, will be the first in Pennsylvania for the Boston-based furniture provider. The store will feature an onsite design studio and consulting services for individual room furnishings or larger renovation projects. The opening is set for some time next year.

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Resource Realty Negotiates Sale of 53,252 SF Industrial Building in Rockaway, New Jersey

Taylor Williams — Fri, 30 Oct 2026 13:57:19 +0000

ROCKAWAY, N.J. — Resource Realty of Northern New Jersey (RRNJ) has negotiated the sale of a 53,252-square-foot industrial building in Rockaway. The building at 36 Pine St. includes two tailboard exterior dock doors and one drive-in bay. Greg Sabato and Scott Peck of RRNJ represented the buyer, Commerce Park Investors, in the transaction. The seller and sales price were not disclosed.

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Construction Resources Co. Signs 32,000 SF Industrial Lease in Stratford, Connecticut

Taylor Williams — Fri, 30 Oct 2026 13:54:58 +0000

STRATFORD, CONN. — Construction Resources Co. has signed a 32,000-square-foot industrial lease in the southern coastal Connecticut city of Stratford. According to LoopNet Inc., the building at 500 Lordship Blvd. was built in 1985. David Richard of Colliers represented the landlord, an entity doing business as BHD CT Realty LLC, in the lease negotiations.

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PCCP Provides $130M Construction Loan for Newark Multifamily Project

Taylor Williams — Thu, 29 Oct 2026 14:47:08 +0000

NEWARK, N.J. — Los Angeles-based PCCP LLC has provided a $130 million senior construction loan for a 501-unit multifamily project in Newark. The project represents Phase II of a larger development known as Ballantine and will consist of 400 market-rate units and 101 affordable housing units, as well as a 57,500-square-foot Food Bazaar grocery store, within a seven-story building. Residences will come in studio, one-, and two-bedroom floor plans, and amenities will include a fitness center with a yoga studio, two courtyards, a pool, basketball court and coworking space. The borrower, a joint venture between Bogopa Enterprises and Shorewood Real Estate Group, expects to complete the project in late 2028.

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JLL Negotiates $58M Sale of Multifamily Development Site in Downtown Brooklyn

Taylor Williams — Thu, 29 Oct 2026 14:45:23 +0000

NEW YORK CITY — JLL has negotiated the $58 million sale of a 13,707-square-foot multifamily development site in downtown Brooklyn. The site at 55 Smith St./160 Livingston St. can support between 137,000 and 164,000 buildable square feet of product and is eligible for the state’s 485-x affordable housing tax incentive. Mike Mazzara, Ethan Stanton, Brendan Maddigan and Drew Isaacson of JLL represented the seller, Edison Properties, in the transaction. The buyer, CW Realty Group, did not disclose specific development plans for the site.

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Marcus & Millichap Brokers Sale of 231-Unit Self-Storage Facility in Rockland, Massachusetts

Taylor Williams — Thu, 29 Oct 2026 14:34:44 +0000

ROCKLAND, MASS. — Marcus & Millichap has brokered the sale of Pleasant Storage, a 231-unit self-storage facility in Rockland, about 20 miles south of Boston. Built on 4.9 acres in 2003, the seven-building facility features 222 non-climate-controlled units and nine additional units across 45,160 net rentable square feet of space. Nathan Coe, Gabriel Coe, Brett Hatcher and Thomas Shihadeh of Marcus & Millichap represented the seller, a local father-son ownership group, in the transaction. The team also procured the buyer, a partnership between Patriot Holdings and All Purpose Self Storage.

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JAMS Signs 55,335 SF Office Headquarters Lease in Midtown Manhattan

Taylor Williams — Thu, 29 Oct 2026 14:31:06 +0000

NEW YORK CITY — JAMS, a provider of mediation and arbitration services for legal disputes, has signed an 11-year, 55,335-square-foot office headquarters lease in Midtown Manhattan. The space spans the top two floors at 3 Times Square, a 30-story, 925,000-square-foot tower. Ken Rapp, Brendan Herlihy and Ron Wade of CBRE represented JAMS in the lease negotiations. Ron LoRusso, Lou D’Avanzo, John Cefaly, Michael Burgio, Dan Organ and Paige Engeldrum of Cushman & Wakefield, along with internal agent Kevin Daly, represented the landlord, Rudin.

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Tishman Speyer Sells Manhattan Office Building for $132.5M

Taylor Williams — Wed, 28 Oct 2026 14:12:00 +0000

NEW YORK CITY — Tishman Speyer has sold 148 Lafayette Street, a 12-story office building in Manhattan’s SoHo neighborhood, for $132.5 million. The 153,000-square-foot building was constructed in 1913 and renovated in 2017. A the time of sale, the office space was fully leased to companies such as venture capital firm General Catalyst, cosmetics firm Charlotte Tilbury and AI code review platform Graphite. The building’s retail space is also fully leased to boxing gym Five Points Academy and clothing store 260 Sample. Adam Spies and Avery Silverstein of Newmark represented Tishman Speyer, which acquired the building in June 2025 for $105.5 million, in the transaction. The buyer was San Francisco-based Shorenstein Investment Advisers.

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Partnership Completes 22-Story Apartment Building in Brooklyn

Taylor Williams — Wed, 28 Oct 2026 14:10:38 +0000

NEW YORK CITY — A partnership between Tavros Holdings and Charney Cos. has completed Nevins Landing South, a 22-story apartment building in Brooklyn. The building totals 320 units, 80 of which (25 percent) are reserved as affordable housing, and is part of the 2,200-unit Gowanus Wharf development. Amenities include a pool, spa, fitness center, terrace lounge, coworking suite, entertainment lounge and a golf simulator, and the building also houses 29,000 square feet of retail space. Fogarty Finger served as project architect. Affinius Capital and Kennedy Wilson provided construction financing for the project. Leasing began late this summer, at which point rents started at $3,250 per month for a studio apartment.

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CBRE Arranges $85M in Financing for Apartment Community in Downingtown, Pennsylvania

Taylor Williams — Wed, 28 Oct 2026 14:07:03 +0000

DOWNINGTOWN, PA. — CBRE has arranged $85 million in financing for Mi-Place at Downingtown, a 318-unit apartment community located on the western outskirts of Philadelphia. The property features one-, two- and three-bedroom units and amenities such as a pool, clubhouse, fitness center, pickleball courts and a dog park. Matthew Klauer and Cassandra Russell of CBRE arranged the loan through Barings on behalf of the owner, Fernmoor Homes.

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Marcus & Millichap Brokers $5M Sale of Industrial Complex in Medford, Massachusetts

Taylor Williams — Wed, 28 Oct 2026 14:03:09 +0000

MEDFORD, MASS. — Marcus & Millichap has brokered the $5 million sale of a 19,278-square-foot industrial complex in Medford, a northern suburb of Boston. The property at 93 Mystic Ave. was built in the 1950s and comprises a 14,278-square-foot main building and a 5,000-square-foot auxiliary building. Mattias Edenkrans and Luigi Lessa of Marcus & Millichap represented the seller, a limited liability company, in the transaction, and procured the buyer, a private family. Both parties requested anonymity.

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PCCP Provides $163.9M Construction Loan for Multifamily Development in Paramus, New Jersey

Kristin Harlow — Wed, 28 Oct 2026 12:00:00 +0000

PARAMUS, N.J. — PCCP has provided a $163.9 million senior loan to a joint venture between Russo Development and Kushner Real Estate Group for the construction of The Paramus Chapter, a 426-unit multifamily project in suburban New York City. The joint venture acquired the land in May 2025. Construction began in July 2026, and completion is slated for the fourth quarter of 2028. The Paramus Chapter will consist of two four-story buildings over concrete podiums with 810 parking spaces and approximately 5,300 square feet of ground-floor retail space. Both buildings will have separate entrances, parking and amenities. Building A will include 166 units, comprising 138 market-rate apartments and 18 affordable units. Amenities will include an outdoor pool, 2,200-square-foot gym, game room, theater, karaoke lounge, sports simulator, rentable party room, dog run and 3,400 square feet of coworking space. Building B will feature 260 units, comprising 222 market-rate residences and 38 affordable units. Amenities will include a full-time concierge, leasing center, 2,800-square-foot gym, chef’s kitchen, gardening room and two outdoor courtyards. The project site is directly adjacent to Bergen Town Center, which features more than 1 million square feet of retail space anchored by Whole Foods Market and Target. PCCP, a…

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JLL Arranges Loan for Refinancing of 160,904 SF Office Building in Princeton

Taylor Williams — Tue, 27 Oct 2026 14:03:17 +0000

PRINCETON, N.J. — JLL has arranged a $15.3 million loan for the refinancing of a 160,904-square-foot office building in Princeton. The four-story building at 500 College Road E was constructed in 1984 and renovated in 2022 and now offers amenities such as a café, fitness center, employee lounge with games and a multimedia conference and training facility. Michael Klein, Gregory Nalbandian, Nazario Paragano and Kevin Badger of JLL arranged the four-year, fixed-rate loan through an undisclosed life insurance company. The borrower is a partnership led by Bergman Real Estate Group.

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Crossroads Cos., CrownPoint Group Complete 90-Unit Multifamily Project in Dover, New Jersey

Taylor Williams — Tue, 27 Oct 2026 13:35:37 +0000

DOVER, N.J. — A joint venture between Crossroads Cos. and CrownPoint Group Inc. has completed 80East, a 90-unit multifamily project in Dover, about 30 miles west of New York City. The six-story building houses studio, one- and two-bedroom units, with nine residences set aside as affordable housing. Amenities include a fitness center, rooftop deck and an entertainment lounge. Minno & Wasko Architects and Planners designed the project, and L2i Construction was the general contractor. Columbia Bank financed construction, which began in summer 2024. Information on starting rents was not disclosed.

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Colliers Negotiates 70,000 SF Industrial Lease in Plainville, Connecticut

Taylor Williams — Tue, 27 Oct 2026 13:31:44 +0000

PLAINVILLE, CONN. — Colliers has negotiated a 70,000-square-foot industrial lease in Plainville, a southwestern suburb of Hartford. The tenant is Nucor Rebar Fabrication Northeast LLC. According to LoopNet Inc., the building at 75 Neal Court was built on 11.2 acres in 1979 (renovated in 1994), totals 200,000 square feet and features four drive-in doors and 2,000 square feet of office space. David Richard of Colliers represented the landlord in the lease negotiations.

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NYC Taxi & Limousine Commission Signs 39,000 SF Office Headquarters Lease in Lower Manhattan

Taylor Williams — Tue, 27 Oct 2026 13:27:13 +0000

NEW YORK CITY — The New York City Taxi and Limousine Commission has signed a 39,000-square-foot office headquarters lease in Lower Manhattan. The space spans the entire fourth floor and part of the fifth floor at 250 Broadway, a 31-story, 648,000-square-foot building. Gus Field of Cushman & Wakefield represented the tenant in the lease negotiations. Brad Gerla, Michael Rizzo and Alex Benisatto of CBRE, along with internal agent, Anne Holker, represented the landlord, AmTrust RE.

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Alpine Residential Completes 500-Unit Multifamily Project in Jersey City

Taylor Williams — Mon, 26 Oct 2026 13:49:23 +0000

JERSEY CITY, N.J. — New York-based developer Alpine Residential has completed AVIVA, a 500-unit multifamily project in Jersey City. Designed by GRT Architects and Ismael Leyva Architects, AVIVA, formerly known as Scholars Village, comprises two 12-story buildings that are connected by a lobby base with 4,000 square feet of ground-floor retail space. Residences come in studio, one-, two- and three-bedroom floor plans, and amenities include a fitness center, demonstration kitchen, coworking space, children’s playroom, a pet salon and 24-hour concierge services. Bank OZK provided construction financing for the project.

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JLL Negotiates Sale of 132-Unit Apartment Building in Fort Lee, New Jersey

Taylor Williams — Mon, 26 Oct 2026 13:43:04 +0000

FORT LEE, N.J. — JLL has negotiated the sale of Ridge Pointe, a 132-unit apartment building in the Northern New Jersey community of Fort Lee. Built as an office building in 1985 and converted to residential use in 2014, Ridge Pointe offers studio, one-, two- and three-bedroom units with an average size of 1,296 square feet. Amenities include a rooftop lounge, screening room, fitness center, billiards room and a children’s playroom. Mike Oliver, Steve Simonelli, Jose Cruz, Elizabeth DeVesty, Austin Pierce and C.J. Anania of JLL represented the undisclosed seller in the transaction. Thomas Didio Jr., Gerard Quinn, Michael Mataras and Tyler Caricato, also with JLL, arranged acquisition financing for the deal through Balbec Capital on behalf of the buyer, SELA Realty Investments.

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MMCC Arranges $9.8M Acquisition Loan for Brooklyn Apartment Building

Taylor Williams — Mon, 26 Oct 2026 13:35:05 +0000

NEW YORK CITY — Marcus & Millichap Capital Corp. (MMCC) has arranged a $9.8 million acquisition loan for an 11-unit apartment building in Brooklyn’s Williamsburg neighborhood. The building at 235-237 Kent Ave. includes ground-floor retail space above three levels of apartments. Bradley Buzil of MMCC arranged the nonrecourse loan, which carries a five-year term and a fixed interest rate, on behalf of the undisclosed buyer. The direct lender was also not disclosed.

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