Northeast

CBRE Arranges $40M Construction Loan for Northern New Jersey Multifamily Project

by Taylor Williams February 26, 2026

MORRISTOWN, N.J. — CBRE has arranged a $40 million construction loan for an 89-unit multifamily project that will be located in the Northern New Jersey community of Morristown. Known as Morristown Station, the development will comprise 76 market-rate apartments and 13 affordable housing units, mostly in two-bedroom floor plans, as well as 5,111 square feet of retail space. Matthew Pizzolato and Josh Stein of CBRE arranged the loan through Truist Bank on behalf of the owner, an entity doing business as Lackawanna Place Morristown Urban Renewal LLC.

February 26, 2026

Industrial Leasing Activity Massachusetts Northeast

Newmark Negotiates 47,500 SF Industrial Lease in Bedford, Massachusetts

by Taylor Williams February 26, 2026

BEDFORD, MASS. — Newmark has negotiated a 47,500-square-foot industrial lease in Bedford, located northwest of Boston. The tenant is sustainable energy company Fourth Power, and the space is located within a newly built, 147,000-square-foot advanced manufacturing facility. Torin Taylor, Rich Ruggiero, Matt Adams, Tyler McGrail and Rory Walsh of Newmark represented the landlord, a partnership between Camber Development and Wheelock Street Capital, in the lease negotiations. Rob Glor and Michael Goodwin of Rise73 represented the tenant.

February 26, 2026

Leasing Activity New Jersey Northeast Office

Provident Bank Signs 23,000 SF Office Lease in Parsippany, New Jersey

by Taylor Williams February 26, 2026

PARSIPPANY, N.J. — Provident Bank has signed a 23,000-square-foot office lease in the Northern New Jersey community of Parsippany. The lender is taking space at the 200,000-square-foot building at 9 Entin Road. Jeff Babikian and Mark Trevisan of CBRE represented the tenant in the lease negotiations. Jamie Drummond, Andrew Perrotti and Luke Reid of Newmark represented the landlord, American Equity Partners.

February 26, 2026

Acquisitions Connecticut Northeast Office

CBRE Brokers $27.7M Sale of Office Complex in Glastonbury, Connecticut

by Taylor Williams February 25, 2026

GLASTONBURY, CONN. — CBRE has brokered the $27.7 million sale of an office complex within the Somerset Square mixed-use development in Glastonbury, located just southeast of Hartford. The two-building, 185,000-square-foot complex was 95 percent leased at the time of sale to 38 tenants, including Wells Fargo, Merrill Lynch and RBC Capital Advisors. John McCormick, Anna Kocsondy, Jeffrey Dunne and Steve Bardsley of CBRE represented the undisclosed seller in the transaction. The buyer was a New York-based entity doing business as Unified Holdings of Glastonbury LLC.

February 25, 2026

Acquisitions New York Northeast Office Retail

Resolution Real Estate Arranges $9.4M Sale of Midtown Manhattan Office, Retail Building

by Taylor Williams February 25, 2026

NEW YORK CITY — Resolution Real Estate, a member of NAI Global, has arranged the $9.4 million sale of an 18,500-square-foot office and retail building in Midtown Manhattan. The seven-story building at 5 E. 47th St. was completed in 1920 and was vacant at the time of sale. Jonata Dayan and Jeffrey Zund of Resolution Real Estate represented the buyer, Liberty Bagels, which plans to occupy about half the space, in the transaction. David Schectman, Abbe Kassin and Lipa Lieberman of Meridian Capital Group represented the seller, private investor Walter Samuels.

February 25, 2026

Leasing Activity New Jersey Northeast Office

Tilcon Signs 35,000 SF Office Lease Extension in Parsippany, New Jersey

by Taylor Williams February 25, 2026

PARSIPPANY, N.J. — Tilcon has signed a 35,000-square-foot office lease extension in the Northern New Jersey community of Parsippany. The provider of construction materials will remain a tenant at the 200,000-square-foot building at 9 Entin Road. Josh Cohen and Ben Brenner of Cushman & Wakefield represented the tenant in the lease negotiations. Jamie Drummond, Andrew Perrotti and Luke Reid of Newmark represented the landlord, American Equity Partners.

February 25, 2026

Acquisitions Healthcare New Hampshire Northeast

BGO Acquires 30,000 SF Healthcare Clinic in Londonderry, New Hampshire

by Taylor Williams February 25, 2026

LONDONDERRY, N.H. — BGO, the institutional investment firm formerly known as BentallGreenOak, has acquired a 30,000-square-foot healthcare clinic in Londonderry, located near the Massachusetts-New Hampshire border. Known as Lahey Medical Center, the building was completed in 2025 as a purpose-built facility for regional provider Beth Israel Lahey Health. Practices housed within the facility include oncology, infusion, cardiology, gastroenterology and neurology.

February 25, 2026

Development New York Northeast Office Top Stories

American Express to Build 2 MSF Global Headquarters at 2 World Trade Center in Lower Manhattan

by Kristin Harlow February 25, 2026

NEW YORK CITY — American Express (NYSE: AXP) has unveiled plans to build a new global headquarters at 2 World Trade Center in Lower Manhattan. The credit card giant will be the sole owner and occupant of the new building, which is slated for completion in 2031. Spanning nearly 2 million square feet across 55 floors, the tower will have capacity to host up to 10,000 colleagues across flexible and modern workspaces. The project will feature more than an acre of outdoor space with several greenery-filled terraces and gardens that will offer views of the Manhattan skyline. “This is an investment in our company’s future, our colleagues and the Lower Manhattan community, reaffirming our deep commitment to the neighborhood we’ve called home for nearly two centuries,” says Stephen Squeri, chairman and CEO of American Express. Silverstein Properties is the developer, and Foster + Partners is the design architect. Fried Frank advised American Express on the development agreement. The project team is pursuing LEED certification and integrating smart-building technology and fully electric, energy-efficient mechanical systems. Located at 200 Greenwich St., the building will be developed on land owned by The Port Authority of New York and New Jersey (PANYNJ) under a …

February 25, 2026

Development Massachusetts Multifamily Northeast

Mill Creek Breaks Ground on $145M Multifamily Project in Boston

by Taylor Williams February 24, 2026

BOSTON — Mill Creek Residential has broken ground on a $145 million multifamily project in the Allston area of Boston. Modera Allston will have 240 units in studio, one-, two- and three-bedroom floor plans. Residences will be furnished with stainless steel appliances, quartz countertops, tile backsplashes and in-home washers and dryers. Amenities will include a rooftop deck, grilling areas, resident clubhouse, a speakeasy-inspired lounge with a sports simulator, coworking spaces, private workstations and offices, landscaped courtyards, pet spa and a fitness studio. CUBE3 is the project architect, and H+O is the structural engineer. The first move-ins are expected to begin in 2028.

February 24, 2026

Acquisitions Multifamily New Jersey Northeast

CBRE Negotiates $56M Sale of Annin Lofts Apartments in Verona, New Jersey

by Taylor Williams February 24, 2026

VERONA, N.J. — CBRE has negotiated the $56 million sale of Annin Lofts, a 111-unit apartment complex in Verona, about 20 miles west of New York City. Completed in 2018, Annin Lofts consists of two buildings, one of which was constructed from the ground up, and the other of which is a conversion of the historic Annin Flag Factory. Units come in studio, one-, two- and three-bedroom floor plans. Amenities include two rooftop terraces, a resident lounge with TVs and billiards and a dog run. Jeffrey Dunne, Stuart MacKenzie, Eric Apfel, Travis Langer and Eric Greenberg of CBRE represented the locally based seller, Russo Development, in the transaction and procured the buyer, Bonjour Capital.

February 24, 2026

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