Sunday, June 28, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Northeast

Fairview-Industrial-Park-Lewisberry-PA
IndustrialNortheastPennsylvania

Cushman & Wakefield Arranges Sale of 270,168 SF Industrial Park in Central Pennsylvania

by Amy Works

LEWISBERRY, PA. — Cushman & Wakefield has brokered the sale of Fairview Industrial Park, a six-building industrial park located in Lewisberry. Richmond, Va.-based Allegiancy sold the 270,168-square-foot park to Louisville, Colo.-based Real Capital Partners for $11.7 million. The buildings are located at 509, 515 and 540 Industrial Drive and 621, 629 and 631 Distribution Plaza. Gerry Blinebury, Robert Yoshimura, Joseph Hill Jr. and Pat McBride of Cushman & Wakefield represented the seller in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
Affordable HousingMultifamilyNew JerseyNortheast

Walters Group Completes First Phase of 118-Unit Affordable Housing Development in New Jersey

by Amy Works

FORKED RIVER, N.J. — Walters Group has completed the first phase of Cornerstone at Lacey, a 118-unit income-restricted housing development located in Forked River. Designed to achieve LEED and Energy Star status, the first phase of the development comprises 70 units in nine buildings. Construction is underway for the second phase, which will add 48 units in six buildings. Units range from one- to three-bedrooms and 835 square feet to 1,247 square feet. Community amenities will include a clubhouse with computer workstations and a fitness center, as well as a children’s tot lot, barbecue and picnic areas, and a half-court basketball court.

Continue Reading
FacebookTwitterLinkedinEmail
New YorkNortheastRetail

Marcus & Millichap Brokers $2.3M Sale of Retail Property in Pompton Lakes, New Jersey

by Amy Works

POMPTON LAKES, N.J. — Marcus & Millichap has arranged the sale of Pompton Mall, a retail property located at 14 Wanaque Ave. in Pompton Lakes. A private investor sold the 7,870-square-foot property for $2.3 million. Ben Sgambati, Alan Cafiero and John Moroz of Marcus & Millichap represented the seller. The buyer was an undisclosed private investor.

Continue Reading
FacebookTwitterLinkedinEmail
Valley-Creek-Exton-PA
NortheastOfficePennsylvania

JV Acquires Three-Building Office Complex in Suburban Philadelphia for $45.3M

by Amy Works

EXTON, PA. — A joint venture between Pembroke IV and Ten Capital Management has acquired Valley Creek Corporate Center, an office complex located in Exton. A California-based real estate investment management and advisory company sold the three-building asset for $45.3 million. Located at 220, 222 and 224 Valley Creek Blvd., the 259,163-square-foot property was 95.2 percent leased at the time of sale. Doug Rodio, Brett Segal, Ben Appel and Jose Cruz of HFF represented the seller in the deal. Additionally, Ryan Ade and Neil Campbell of HFF secured a 10-year, fixed-rate acquisition loan through Barclays Capital for the buyer.

Continue Reading
FacebookTwitterLinkedinEmail
New JerseyNortheastOffice

Savills Studley Facilitates Acquisition of 102,000 SF Headquarters Property in Parsippany, New Jersey

by Amy Works

PARSIPPANY, N.J. — Savills Studley has arranged the acquisition of a 102,000-square-foot headquarters property, located at 339 Jefferson Road in Parsippany. MANE USA, a global fragrance and flavor design company, purchased the property from Prism Capital Partners for an undisclosed price. The company will relocate its headquarters from Wayne, N.J., to 70,000 square feet of the facility. Prism will fit out MANE’s new space, which will include office and research and lab space, as well as construct a new cafeteria and fitness center. Situated on five acres, the property features underground parking and surface lots. The two existing tenants, Hollister Construction Services and Ascend Laboratories, will remain in the building. Thomas Carragher, Adam Petrillo, Filomena Pinto and Christopher Koeck of Savills Studley represented the buyer in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
LoansNew YorkNortheastOfficeRetail

Mission Capital Arranges $41.6M in Construction Financing for Brooklyn Mixed-Use Project

by Amy Works

NEW YORK CITY — Mission Capital Advisors has arranged $41.6 million in financing for the construction of Kingswood Plaza II, an office and retail development located at 1715 E. 13th St. in the Midwood section of Brooklyn. Jason Cohen, Ari Hirt, Steven Buchwald, Justin Hunt and David Behmoaras of Mission Capital arranged the loan with a foreign bank for the borrower, a joint venture between Infinity Real Estate and The Nightingale Group. The 106,000-square-foot development, which is 56 percent pre-leased to Target and Marshalls, will offer three floors of professional/medical office space in addition to its retail component.

Continue Reading
FacebookTwitterLinkedinEmail
2061-2065-Ryer-Ave-NYC
MultifamilyNew YorkNortheast

Propco Holdings Selects UA Builders Group for 120,000 SF Residential Development in West Bronx

by Amy Works

NEW YORK CITY — Propco Holdings has selected UA Builders Group for the ground-up development of a residential property located at 2061-2065 Ryer Ave. in the West Bronx. The 12-storybuiding will feature 120,000 square feet of residential space. Badaly & Badaly Architects is serving as architect for the project.

Continue Reading
FacebookTwitterLinkedinEmail
LoansNew YorkNortheastOffice

Boston Properties Completes Refinancing of 767 Fifth Avenue in New York City

by Amy Works

NEW YORK CITY — Boston Properties’ consolidated joint venture entity, in which it has 60 percent interest and which owns 767 Fifth Avenue in New York City, has completed the refinancing of approximately $1.6 billion in indebtedness that had been secured by direct and indirect interests in 767 Fifth Avenue. The new mortgage financing has a principal amount of $2.3 billion, has a fixed interest rate and matures in 2027. The loan requires interest-only payments during the 10-year term, with the entire principal amount due at maturity.

Continue Reading
FacebookTwitterLinkedinEmail
CambridgeSide-Cambridge-MA
MassachusettsNortheastRetail

New England Development is Repositioning Galleria Shopping Center in Cambridge

by Amy Works

CAMBRIDGE, MASS. — New England Development is repositioning the Galleria shopping center in East Cambridge as CambridgeSide through a $30 million renovation and rebranding project, which is slated for completion in October. Situated on the original site of New England’s Lechmere department store, the shopping center will be the centerpiece of a 1.2 million-square-foot urban mixed-use development. Tenants at the rebranded retail property will include J.Crew, Club Monaco, A|X Armani Exchange, Abercrombie & Fitch, Banana Republic, Macy’s, H&M, Express, Forever 21, Sephora, The Cheesecake Factory and World of Beer.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts