NEW YORK CITY — Marcus & Millichap has signed an office lease extension and expansion in Midtown Manhattan. The firm now occupies roughly 41,000 square feet at 260 Madison Avenue, a 22-story building. Evan Fiddle of CBRE represented Marcus & Millichap in the lease negotiations. Paul Amrich, Neil King, Meghan Allen and Kelly Tipton, also with CBRE, along with internal agent Samuel Salberg, represented the landlord, AmTrust RE.
NEW YORK CITY — Barry Gosin will step down as CEO of Newmark Group, effective Dec. 31, 2026, after holding the position since 1979. Gosin will continue as chairman of the full-service real estate firm’s operating company, which plans to name a new CEO by the time he resigns as CEO. In his time as CEO, Gosin guided Newmark through its sale in 2011 and spin-off from its then-parent company, BGC Partner Inc., in 2018. He also oversaw Newmark’s initial public offering (IPO) in 2017. Under Gosin’s leadership, Newmark has acquired more than 55 companies and expanded into Europe. Since its 2011 sale, Newmark has been the fastest growing publicly traded commercial real estate services company, according to Gosin’s bio. “I have spent nearly my entire career at Newmark, working alongside an exceptional team whose dedication, talent and commitment have made the company’s success possible,” says Gosin. “The company is stronger than ever; our strategy is working, and the opportunities ahead are substantial, which is why now is the right time to take a step back from day-to-day operations to focus solely on matters that will make a difference to Newmark and to support the company through this transition.”
NEW YORK CITY — Affinius Capital has provided a $40.7 million construction loan for an 84-unit multifamily project in Upper Manhattan. The borrower is Haussmann Development. The site is located within a Qualified Opportunity Zone at 16–20 Convent Ave., adjacent to Columbia University’s campus, and the mixed-income project will be developed pursuant to New York City’s 485-x tax abatement program. Information on floor plans, income restrictions and amenities was not disclosed. NDKazalas Architecture PC is designing the project, which is slated for an early 2028 completion.
HUNTINGTON STATION, N.Y. — Silver Arch Capital Partners, a New Jersey-based private lender, has provided $5.6 million in financing for a 16-unit apartment building in Huntington Station, located on Long Island. The building, the address of which was not disclosed, also includes two ground-floor retail spaces. The borrower is an entity doing business as BGNYAVE LLC.
NEW YORK CITY — Baker McKenzie has signed an office lease renewal and expansion in Midtown Manhattan. The law firm now occupies 121,833 square feet across more than seven floors at 10 Bryant, a 30-story building located at 452 Fifth Ave. Paul Glickman, Ben Bass and Kate Roush of JLL represented the landlord, Property & Building Corp. Ltd., in the lease negotiations. David Goldstein and John Mambrino of Savills represented the tenant.
NEW YORRK CITY — Local owner-operator Tredway has purchased Restore Housing, a 138-unit affordable housing property in Brooklyn’s Bedford-Stuyvesant neighborhood, for $41.5 million with plans to implement renovations. Units at the property are reserved for households earning 60 percent or less of the area median income. Capital improvements, which will serve to preserve the property’s affordability status, will cover units’ kitchens, bathrooms, appliances and flooring, as well as the building’s common spaces. Merchants Capital provided financing for both the purchase and renovations.
NEW YORK CITY — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged $131.5 million in construction financing for a student housing development in the Washington Heights neighborhood of Upper Manhattan. The 28-story building at 465 W. 165th St. will offer 276 fully furnished units totaling 321 beds. Shared amenities will include a two-story attended lobby, private study pods, quiet lounges, group study rooms, a fitness center, golf simulator, outdoor terrace and grab-and-go food services. Max Herzog and Eric Toddy of IPA worked on behalf of the borrower, Edge Property Group, to arrange the financing through S3 Capital. Titanium Construction Services is the general contractor for the project, which is expected to be complete in fall 2028.
NEW YORK CITY — Chelsea Piers Fitness will open a 76,000-square-foot gym in Lower Manhattan. The space, which includes 9,000 square feet for outdoor fitness uses, will span five levels within the planned mixed-use building at 250 Water St., which is being developed by a partnership between local developer Tavros and Atlas Capital. An opening date was not announced, but construction of the larger building is expected to begin this winter. No third-party brokers were involved in the lease negotiations.
NEW YORK CITY — Walker & Dunlop has arranged a $137.5 million loan for 12 Halsey, 240-unit apartment building in Brooklyn’s Bedford-Stuyvesant neighborhood. Completed last fall, 12 Halsey occupies a full city block and offers studio, one- and two-bedroom units, 30 percent of which are reserved as affordable housing. Amenities include a pool, fitness center, rooftop terraces, coworking space and outdoor grilling and dining stations, and the building also houses 2,400 square feet of ground-floor retail space. Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer, Michael Diaz, Michael Ianno and Cole Grims of Walker & Dunlop arranged the three-year, floating-rate loan through AllianceBernstein. The owner is a partnership between EJS Group and Hope Street Capital.
NEW YORK CITY — London-based real estate brokerage firm Savills has completed its $1.1 billion acquisition of global advisory firm and real estate investment bank firm Eastdil Secured. The transaction was first announced in March, and the new company will be rebranded as Eastdil Secured Savills. Under the terms of the agreement, Savills purchased all of the equity of Eastdil, which has its U.S. headquarters in New York City. Eastdil Secured will continue to operate its existing business model within Savills Group, serving as the company’s global real estate investment bank and maintaining headquarters in New York City, Southern California and London. Eastdil’s other 21 offices will be rolled into the Savills network, which spans approximately 42,000 employees across 70 countries.
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