New York

Northwind Group Provides $231M Construction Loan for Office-to-Residential Conversion Project in Manhattan

by Taylor Williams November 4, 2026

NEW YORK CITY — Northwind Group, a Manhattan-based real estate private equity firm and debt fund manager, has provided a $231 million construction loan for an office-to-residential conversion project in Manhattan. The borrower is joint venture between Metro Loft Management and David Werner Real Estate Investments, and the building in question is 675 Third Avenue, a 32-story, 337,000-square-foot tower in the Midtown East submarket. The conversion could add as many as 450 new apartments to the local supply, inclusive of a 25 percent affordable housing component. The joint venture, which acquired the building last spring, has tapped Gensler and Collaborative Construction Management as project partners. A construction timeline was not announced.

November 4, 2026

Acquisitions Hospitality New York Northeast

Matthews Negotiates $12M Sale of Hospitality Building in Manhattan’s Chinatown District

by Taylor Williams November 4, 2026

NEW YORK CITY — Nashville-based brokerage firm Matthews has negotiated the $12 million sale of 101 Bowery, a hospitality building in Manhattan’s Chinatown district that was formerly housed the New World Hotel. The building is a five-story, 13,260-square-foot, single-room occupancy (SRO) structure that comprises an owner-occupied ground-floor retail space and four vacant floors that are designated for lodging use. Stephen Dadourian of Matthews represented the seller, a local family, in the transaction. The buyer was not disclosed.

November 4, 2026

Mayfair-Shopping-Center-Commack-New-York

Loans New York Northeast Retail

Cronheim Mortgage Arranges $30.5M in Financing for Long Island Shopping Center

by Taylor Williams November 3, 2026

COMMACK, N.Y. — New Jersey-based intermediary Cronheim Mortgage has arranged $30.5 million in financing for the 221,000-square-foot Mayfair Shopping Center in Commack, located on Long Island. Built in 1958, the center was 99 percent leased at the time of sale. Lidl, Planet Fitness and PGA Tour Superstore are the anchors, and other tenants include Gap, Sephora, J.Crew Factory, H&R Block, Tropical Smoothie Café and MyGym. Allison Villamagna and Andrew Stewart of Cronheim represented the seller in the disposition of the center and simultaneously arranged the loan through Voya Investment Management on behalf of the buyer, New York-based REIT Brixmor Property Group.

November 3, 2026

Acquisitions Multifamily New York Northeast Student Housing

Partnership Acquires Student Housing Property in Manhattan’s East Village for $28M

by Taylor Williams November 3, 2026

NEW YORK CITY — A partnership between California-based private equity firm Hawkins Way Capital and global investment firm Värde Partners has acquired a student housing property in Manhattan’s East Village for $28 million. According to StreetEasy, the building at 81 E. Third St. was built in 2003, rises 13 stories and features 45 units. Information on floor plans and amenities was not disclosed. The partnership acquired the building, which can also support traditional multifamily usage, in an off-market transaction. The seller was not disclosed.

November 3, 2026

Acquisitions Mixed-Use New York Northeast

JLL Brokers $23.5M Sale of Mixed-Use Development Site in Brooklyn

by Taylor Williams November 3, 2026

NEW YORK CITY — JLL has brokered the $23.5 million sale of a mixed-use development site in Brooklyn. The 26,730-square-foot site at 1150 Broadway is located at the nexus of the borough’s Bedford-Stuyvesant and Bushwick neighborhoods and is zoned for the development of apartments, retail space and/or community facilities. Brendan Maddigan, Steve Rutman, Mike Mazzara and Ethan Stanton of JLL represented the seller, A-PLUS International Realty, in the transaction. The buyer, a partnership between Brooklyn-based YS Developers and Rabsky Group, did not disclose specific development plans for the site.

November 3, 2026

Leasing Activity New York Northeast Office

Stark Office Suites Expands Coworking Space in Garden City, New York

by Taylor Williams November 2, 2026

GARDEN CITY, N.Y. — Stark Office Suites has expanded its coworking space in the Long Island community of Garden City. The provider of flexible workspace solutions now occupies 14,553 square feet within the building at 1225 Franklin Ave. The space features furnished private offices, professional receptionist services and conference room access. Stark now operates 11 coworking facilities in New York and two in Connecticut.

November 2, 2026

Development Loans New York Northeast

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

by Taylor Williams October 30, 2026

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.

October 30, 2026

Acquisitions Development Multifamily New York Northeast

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

by Taylor Williams October 29, 2026

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.

October 29, 2026

Leasing Activity New York Northeast Office

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

by Taylor Williams October 29, 2026

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.

October 29, 2026

Acquisitions New York Northeast Office

Tishman Speyer Sells Manhattan Office Building for $132.5M

by Taylor Williams October 28, 2026

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.

October 28, 2026

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