Northeast

JLL Arranges $72M Loan for Refinancing of Jersey City Apartment Complex

by Taylor Williams February 5, 2026

JERSEY CITY, N.J. — JLL has arranged a $72 million loan for the refinancing of The Hazel, a 201-unit apartment complex in Jersey City. The Hazel was developed in two phases, with Phase I comprising 114 units that were delivered in early 2022 and Phase II consisting of 87 units that were completed in late 2024. The Hazel offers studio, one- and two-bedroom floor plans with an average size of 747 square feet, with 11 units set aside as affordable housing. Amenities include a sky lounge, rooftop pool, fitness center and coworking space, and the property also houses 9,588 square feet of commercial space. Thomas Didio, Thomas Didio Jr., Michael Mataras and Tyler Caricato of JLL arranged the five-year, fixed-rate loan through Truist Bank. The borrower is a partnership between two local developers, Alpine Residential and Fields Grade.

February 5, 2026

Development Multifamily New York Northeast

Joint Venture Breaks Ground on 101-Unit Multifamily Project in Glen Cove, New York

by Taylor Williams February 5, 2026

GLEN COVE, N.Y. — A joint venture between local developer RXR and Chuo Nittochi America Corp. Team has broken ground on The Arden, a 101-unit multifamily project in the Long Island community of Glen Cove. The Arden will be a five-story building that will house studio, one-, two- and three-bedroom units. Indoor amenities will include a resident lounge with a kitchenette, golf simulator, work-from-home lounge, fitness center, mail/package room and a wellness lounge with sauna and massage rooms. The Arden will also feature an 8,300-square-foot outdoor amenity space with a landscaped courtyard, fire pit, pool, grilling stations and a walking trail that connects to the Garvies Point Preserve. Completion is slated for 2027.

February 5, 2026

Acquisitions Multifamily New York Northeast

Marcus & Millichap Brokers $8.8M Sale of Apartment Building in Manhattan’s East Village

by Taylor Williams February 5, 2026

NEW YORK CITY — Marcus & Millichap has brokered the $8.8 million sale of a 15-unit apartment building in Manhattan’s East Village. The building at 207 E. Fourth St., which includes two commercial spaces, houses studio, one- and two-bedroom units that were recently upgraded with new interior finishes, floors, appliances and bathroom fixtures. Matt Berger and Joe Koicim of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

February 5, 2026

Loans Multifamily New Jersey Northeast

Cushman & Wakefield Arranges $85.5M Agency Loan for Refinancing of Northern New Jersey Apartments

by Taylor Williams February 4, 2026

FORT LEE, N.J. — Cushman & Wakefield has arranged an $85.5 million Fannie Mae loan for the refinancing of FIAT House, a 309-unit apartment complex in the Northern New Jersey community of Fort Lee. The newly constructed property consists of two buildings that rise 12 and 13 stories and house one- and two-bedroom units. Amenities include a golf simulator and cinema room, a landscaped rooftop deck with cabanas and fire pits, a library, a gym, coworking areas and private offices. John Alascio, Chuck Kohaut and Chris Meloni of Cushman & Wakefield arranged the 10-year loan through Greystone on behalf of the owner.

February 4, 2026

Industrial Loans New York Northeast Self-Storage

Nuveen Real Estate Provides $47M in Financing for Manhattan Self-Storage Facility

by Taylor Williams February 4, 2026

NEW YORK CITY — Nuveen Real Estate has provided $47 million in first mortgage financing for Storage Post East Village, a 1,959-unit self-storage facility in Manhattan’s East Village. The landmarked building at 444 E. 10th St. was originally constructed in 1928 as the Wheatsworth Building. Storage Post and its equity partner, Almanac Realty Investors, acquired the building in 2022 and redeveloped it to support storage use. Today, the facility features 78,812 net rentable square feet of entirely climate-controlled space. Steven Klein and Robert Tonnessen of JLL arranged the loan through Nuveen on behalf of ownership.

February 4, 2026

Development Industrial New Jersey Northeast

REDCOM Breaks Ground on 56,170 SF Industrial Project in Marlboro, New Jersey

by Taylor Williams February 4, 2026

MARLBORO, N.J. — REDCOM Design & Construction has broken ground on a 56,170-square-foot industrial project in the Northern New Jersey community of Marlboro. The building at 156 Boundary Road is a build-to-suit for owner-occupier 3PL Center, which provides logistics services, and will include four office spaces. A tentative completion date was not announced.

February 4, 2026

Development Life Sciences Massachusetts Northeast

Ionomr Innovations Opens 22,000 SF Manufacturing Facility in Charlestown, Massachusetts

by Taylor Williams February 4, 2026

CHARLESTOWN, MASS. — Electrochemistry company Ionomr Innovations Inc. has opened 22,000-square-foot manufacturing facility in Charlestown, located north of Boston. The facility, which includes research-and-development space, is located within Hood Park, which is a redevelopment of the former facility of dairy producer H.P. Hood & Sons. Ionomr expects the facility to account for the creation of 40 new jobs over the next three years.

February 4, 2026

Island-Waterpark-at-Showboat-Atlantic-City

Loans New Jersey Northeast Restaurant Retail

PLG Provides $45.5M C-PACE Loan for Atlantic City Entertainment Venue

by Taylor Williams February 3, 2026

ATLANTIC CITY, N.J. — PACE Loan Group (PLG) has provided a $45.5 million C-PACE (Commercial Property Assessed Clean Energy) loan for Island Waterpark at Showboat, a 120,000-square-foot entertainment venue in Atlantic City. The venue opened in summer 2023 via conversion of a surface parking lot at the adjacent Showboat Resort and includes 10 water slides, a multi-level children’s play structure, lazy river, four restaurants and three bars. The borrower, Bart Blatstein of Philadelphia-based Tower Investments Inc., will use a portion of the proceeds to pay down existing construction debt on the property.

February 3, 2026

Acquisitions Industrial Northeast Pennsylvania

Realterm Buys Industrial Outdoor Storage Facility in Lehigh Valley

by Taylor Williams February 3, 2026

ALLENTOWN, PA. — Realterm, a Maryland-based investment manager focused on the transportation real estate industry, has purchased an industrial outdoor storage (IOS) facility in the Lehigh Valley city of Allentown. The site at 925 N. Godfrey St. spans 4.2 acres, includes a 27,407-square-foot warehouse and was fully leased at the time of sale to Student Transportation of America Inc. Ryan Cottone and John Plower of JLL represented the undisclosed seller in the transaction.

February 3, 2026

Industrial Leasing Activity New Jersey Northeast

Resource Realty Arranges 30,131 SF Industrial Lease in Rockaway, New Jersey

by Taylor Williams February 3, 2026

ROCKAWAY, N.J. — Resource Realty of Northern New Jersey has arranged a 30,131-square-foot industrial lease in Rockaway, about 35 miles west of New York City. According to LoopNet Inc., the building at 400 Forge Way was completed in 1986 and totals 73,131 square feet. Brian Wilson and Scott Peck of Resource Realty represented the landlord in the lease negotiations. The name and representative of the tenant were not disclosed.

February 3, 2026

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