New York

BWE Arranges Two Loans Totaling $120M for Refinancing of New York City Hotels

by Taylor Williams January 16, 2026

NEW YORK CITY — BWE, a Cleveland-based commercial finance firm, has arranged two loans totaling $120 million for the refinancing of a pair of Marriott-branded hotels in the New York City. The financing consisted of $90 million for the 357-room Residence Inn Times Square hotel in Midtown Manhattan and $30 million for the 160-room Courtyard by Marriott Long Island City in Queens. Steve Perricone of BWE arranged the loans, both of which were structured with 15-year terms and 15-year amortization schedules. The name(s) of the direct lenders, as well as the regional hospitality investor that owns the properties, were not disclosed.

January 16, 2026

Loans New York Northeast Retail

Cronheim Mortgage Arranges $11.5M in Financing for Poughkeepsie Shopping Center

by Taylor Williams January 16, 2026

POUGHKEEPSIE, N.Y. — New Jersey-based financial intermediary Cronheim Mortgage has arranged $11.5 million in financing for Poughkeepsie Plaza, a 181,746-square-foot shopping center located north of New York City. Marshalls and TJX/HomeGoods anchor the property, which is also home to tenants such as Sierra Trading Post, Mattress Firm, Famous Footwear, J. Crew, Wendy’s and Chase Bank. Brandon Szwalbenest, Dev Morris and Andrew Stewart of Cronheim arranged the debt on behalf of the borrower, regional owner-operator Mehlich Associates. The direct lender was not disclosed.

January 16, 2026

Loans New York Northeast Office Top Stories

Moinian Group Receives $310M Loan for Refinancing of Midtown Manhattan Office Property

by Abby Cox January 16, 2026

NEW YORK CITY — The Moinian Group has received a $310 million loan for the refinancing of 535-545 Fifth Avenue, a two-building office and retail property located near Grand Central Terminal in Midtown Manhattan. Deutsche Bank and Société Générale co-funded the loan, while Drew Anderman, Eddie Haber, AJ Bruno and Jared Fried of CBRE represented The Moinian Group in the debt placement process according to CoStar Group. “This refinancing underscores the value of prime Fifth Avenue assets and our disciplined approach to asset management,” says Joseph Moinian, founder & CEO of The Moinian Group. “We are pleased to secure attractive financing that positions the property for continued long-term success.” Situated between East 44th and East 45th streets, both buildings underwent renovations in 2009, with Gensler serving as the architect. Known for its pre-war architecture, the 36-story structure at 535 Fifth Avenue was originally completed in 1927. Spanning 329,733 square feet, the complex is occupied by several corporations, financial institutions, law firms and service organizations. Located adjacent to the first office building, 545 Fifth Avenue rises 13 stories tall and totals roughly 165,000 square feet of space. The building offers additional ground-floor retail space that houses tenants such as Best Buy and …

January 16, 2026

Acquisitions Loans New York Northeast Retail

Newmark Brokers $425M Sale of Shops at Skyview in Queens

by Taylor Williams January 15, 2026

NEW YORK CITY — Newmark has brokered the $425 million sale of The Shops at Skyview, a 555,000-square-foot grocery-anchored retail center located in the Flushing neighborhood of Queens. Anchored by BJ’s Wholesale Club and Sky Foods, The Shops at Skyview was 97 percent leased at the time of sale. Additional tenants include Target, Nordstrom Rack, Bath & Body Works, Burlington, Adidas, Converse, Marshalls, Foot Locker, Old Navy, Sephora and Swarovski. Adam Spies, Adam Doneger, Conor Lalor and Ben Lushing of Newmark represented the seller, Perform Properties, in the transaction. Jordan Roeschlaub, Nick Scribani, John Caraviello and Tim Polglase, also with Newmark secured a $289 million acquisition loan through Mizuho on behalf of the buyer, a joint venture between Acadia Realty Trust and TPG Real Estate.

January 15, 2026

Development Loans Multifamily New York Northeast Office

IPA Arranges $93.5M Construction Loan for Office-to-Residential Conversion Project in Manhattan

by Taylor Williams January 15, 2026

NEW YORK CITY — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged a $93.5 million construction loan for an office-to-residential conversion project in Manhattan. The 13-story, 147,101-square-foot office building at 830 Third Ave. was built in 1958 and renovated in 1994 and includes 7,121 square feet of ground-floor retail space. The borrower, a joint venture between Namdar Realty Group and Empire Capital Holdings, plans to convert the property into a 188-unit apartment complex with 124 studios, 60 one-bedroom units and four two-bedroom units. Marko Kazanjian, Max Herzog, Max Hulsh and Andrew Cohen of IPA arranged the financing through Deutsche Bank on behalf of the developer.

January 15, 2026

Industrial Leasing Activity New York Northeast

FedEx Renews 125,000 SF Industrial Lease in Newburgh, New York

by Taylor Williams January 15, 2026

NEWBURGH, N.Y. — FedEx Corp. has renewed its 125,000-square-foot, full-building industrial lease at 100 Enterprise Drive in Newburgh, about 70 miles north of New York City. The freestanding building was developed as a build-to-suit to support FedEx’s air cargo operations at nearby Stewart International Airport. Tom Consiglio and Todd Hali of Resource Realty of Northern New Jersey represented the landlord, Chicago-based CenterPoint Properties, in the lease negotiations. FedEx was self-represented.

January 15, 2026

Loans Multifamily New York Northeast

Wells Fargo Provides $250M in Bridge Financing for Brooklyn Multifamily Project

by Taylor Williams January 14, 2026

NEW YORK CITY — Wells Fargo has provided $250 million in bridge financing for AtlanticBK, a newly delivered, 456-unit multifamily project located at 1057 Atlantic Ave. in the Bedford-Stuyvesant neighborhood of Brooklyn. Units at AtlanticBK, which rises 17 stories and includes 138 affordable residences, come in one-, two- and three-bedroom floor plans. Amenities include a fitness center, lounge, golf simulator, game room, screening room, children’s playroom and a landscaped rooftop deck, as well as 31,000 square feet of ground-floor retail space. Drew Fletcher, Paul Fried and Bryan Grover of Greystone arranged the loan on behalf of the owner, Douglaston Development.

January 14, 2026

Loans Multifamily New York Northeast

CBRE Arranges $28M Loan for Refinancing of Manhattan Multifamily Portfolio

by Taylor Williams January 14, 2026

NEW YORK CITY — CBRE has arranged a $28 million loan for the refinancing of a portfolio of five multifamily properties totaling 60 units in Manhattan. The properties, which collectively include seven retail spaces, are located at 301 E. 90th St., 714 Greenwich Ave., 723 11th Ave., 746 9th Ave. and 407 Amsterdam Ave. Shamir Seidman and Jeff Feldman of CBRE arranged the loan on behalf of the owners, Ed and Michael Ostad, which purchased the buildings in 2024 and implemented capital improvements. The direct lender was not disclosed.

January 14, 2026

Leasing Activity New York Northeast Office

Arch Inc. Signs 73,581 SF Office Lease in Lower Manhattan

by Taylor Williams January 14, 2026

NEW YORK CITY — Arch Inc. has signed a 73,581-square-foot office lease in Lower Manhattan. The fintech firm will relocate from the nearby building at 111 E. 18th St. to the entire 30th and 31st floors of One Seaport Plaza, a 35-story building that was originally constructed in 1984. Evan Algier and Eric Hazen of Cushman & Wakefield represented the tenant in the lease negotiations. John Cefaly, Ethan Silverstein, Stephen Bellwood and Rachel Rosenfeld, also with Cushman & Wakefield, collaborated with internal agents Brett Greenberg and Adam Rappaport to represent the landlord, Jack Resnick & Sons.

January 14, 2026

New York Northeast Retail Top Stories

Saks Global Files for Chapter 11 Bankruptcy, Secures $1.75B Financing Commitment

by Kristin Harlow January 14, 2026

NEW YORK CITY — Saks Global Holdings LLC, the owner of luxury retailers such as Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, has filed for voluntary Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas. The company secured a financing commitment of approximately $1.75 billion, comprising $1.5 billion from an ad hoc group of the company’s senior secured bondholders and roughly $240 million of incremental liquidity from its asset-based lenders. Saks Global says the financing package will strengthen its balance sheet and position the company for “a strong and stable future.” In addition, Saks Global has appointed Geoffroy van Raemdonck as CEO, effective immediately. Van Raemdonck, who previously served as CEO of Neiman Marcus Group prior to its acquisition by Saks Global in 2024, succeeds Richard Baker, who stepped down from his role as executive chairman and CEO of Saks Global, effective Jan. 13. Van Raemdonck is expanding Saks Global’s senior leadership team, appointing industry veterans and former Neiman Marcus Group leaders. “This is a defining moment for Saks Global, and the path ahead presents a meaningful opportunity to strengthen the foundation of our business and position it for the future,” says van …

January 14, 2026

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