Northeast

City-Trust-Collection-Bridgeport-Connecticut

NEPCG Arranges $21.5M Sale of Mixed-Use Property in Bridgeport, Connecticut

by Taylor Williams November 11, 2026

BRIDGEPORT, CONN. — Regional brokerage firm Northeast Private Client Group (NEPCG) has arranged the $21.5 million sale of a 273,612-square-foot mixed-use property in the southern coastal Connecticut city of Bridgeport. Known as The City Trust Collection, the property spans a fully city block at 955 Main St. in the downtown area and comprises 117 market-rate apartment units, 42,238 square feet of commercial space and a 240-space (90,500-square-foot) parking garage. Brad Balletto and Rich Edwards of NEPCG represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

November 11, 2026

Residence-Inn-by-Marriott-Moxy-Hotel-Portland-Thompson's-Point

Development Hospitality Maine Northeast

Colwen Hotels Opens 148-Room, Dual-Branded Property in Portland, Maine

by Taylor Williams November 11, 2026

PORTLAND, MAINE — Colwen Hotels has opened the Residence Inn by Marriott and Moxy Hotel Portland Thompson’s Point, a 148-room, dual-branded property in Portland. The five-story building is located within the Thompson’s Point mixed-use development and offers shared amenities such as an indoor pool, fitness center, 24-hour market and an onsite restaurant. The Residence Inn features 70 apartment-style suites with fully equipped kitchens, and the Moxy hotel offers 78 guestrooms. Colwen’s in-house team also handled design of the project.

November 11, 2026

LogistiCenter-@-I-83-York-County-Pennsylvania

Industrial Market Reports Northeast Northeast Market Reports

Macroeconomics Complicate Recalibration of Northeast Industrial Investment Sales Market

by Taylor Williams November 11, 2026

By Taylor Williams (Editor’s note: This story was finalized in advance of the Federal Reserve meeting on Wednesday, Oct. 28.) When it comes to “normalization” in commercial real estate, the investment sales community is usually last in line to experience the trend. Recovery, rightsizing, recalibration — whatever “R” word you prefer — increased tenant absorption is usually one of the first indicators of a positive inflection point in any commercial market. Although investors and their brokers can see leasing activity in real time — and for the industrial markets of the Northeast, that activity is encouraging at the moment — determining whether said absorption is a trend or a blip requires a certain amount of data. Aggregating sufficient data takes time. And when the broader economy is subject to violent, unexpected swings like it is today, by the time that information has been digested by the investment sales community, the broader landscape may have shifted considerably. In addition, now that fundamentals and supply-demand balances across most Northeast industrial markets have settled back to more normal dynamics, investors too must get back to more standard underwriting practices. That means stipulating an exit cap rate that is legitimately achievable and putting forth …

November 11, 2026

Affordable Housing Loans Multifamily New York Northeast

Merchants Capital Arranges $185M in Financing for Brooklyn Affordable Housing Community

by Taylor Williams November 10, 2026

NEW YORK CITY — Merchants Capital has arranged $185 million in financing for the acquisition and rehabilitation of Nostrand Houses, a 1,148-unit affordable housing community in Brooklyn’s Sheepshead Bay neighborhood. Nostrand Houses comprises 16 buildings that were constructed between 1949 and 1951 across two contiguous sites. The rehabilitation, which began in October, will be executed in six phases and is expected to last about 60 months. Capital improvements will cover individual apartments and building-wide systems, inclusive of new kitchens and bathrooms, electrified heating and cooling systems, new elevators, improved accessibility, lead and mold remediation and upgraded security systems. Merchants Bank provided the loan for Nostrand House, with $50 million of the total loan provided by the AFL-CIO Housing Investment Trust (HIT), which acted as co-lender on the deal. Joshua Canan and Mathew Wambua led the transaction for Merchants Capital.

November 10, 2026

Marlo-on-Mill-Pond-Portsmouth-New-Hampshire

Development Multifamily New Hampshire Northeast

Partnership Nears Completion of 151-Unit Multifamily Project in Portsmouth, New Hampshire

by Taylor Williams November 10, 2026

PORTSMOUTH, N.H. — A partnership between two regional developers, Cathartes and Tidemark, is nearing completion of Marlo on Mill Pond, a 151-unit multifamily project in Portsmouth, located near the Maine-New Hampshire border. The first 45 units of Marlo at Mill Pond, which are housed within the building at 75 Addorio Way, are now available for occupancy, and the remaining units within the buildings at 85 and 95 Addorio Way are scheduled to open in the winter and early spring, respectively. Marlo on Mill Pond offers studio, one-, two- and three-bedroom units that range in size from approximately 600 to 1,270 square feet. Amenities include a fitness center with a dedicated yoga room, a clubroom with a gaming lounge, conference rooms, outdoor grilling and dining stations and a community café. Rents start at roughly $2,450 per month for a studio apartment.

November 10, 2026

Loans New York Northeast Office

Houlihan-Parnes Secures $13.7M Loan for Refinancing of White Plains Office Building

by Taylor Williams November 10, 2026

WHITE PLAINS, N.Y. — Houlihan-Parnes Realtors has secured a $13.7 million loan for the refinancing of a 134,000-square-foot office building in White Plains, located north of New York City. The five-story building at 4 W. Red Oak Lane offers amenities such as a café and a fitness center and is home to tenants in industries such as real estate, financial and legal services, as well as insurance and telecommunications. James Houlihan and Andrew Greenspan of Houlihan-Parnes arranged the five-year, fixed-rate loan on behalf of the borrower, GHP Office Realty, which is an affiliate of Houlihan-Parnes.

November 10, 2026

Acquisitions Industrial New York Northeast

Ariel Property Advisors Negotiates $10.7M Sale of Bronx Industrial Building

by Taylor Williams November 10, 2026

NEW YORK CITY — Locally based brokerage firm Ariel Property Advisors has negotiated the $10.7 million sale of a 90,000-square-foot vacant industrial building in The Bronx. The four-story facility at 425 Devoe Ave. features 60,000 square feet of above-grade space and 30,000 square feet of below-grade space and includes covered truck-level loading docks and four drive-in doors. Jason Gold, Sean Kelly and Daniel Mahfar of Ariel the seller, Abingdon Square Partners, in the transaction. The buyer was MADDD Equities.

November 10, 2026

Affordable Housing Loans Multifamily New York Northeast

Berkadia Provides $219M Agency Permanent Loan for Upper Manhattan Affordable Housing Community

by Taylor Williams November 9, 2026

NEW YORK CITY — Berkadia has provided a $219 million Fannie Mae permanent loan for the rehabilitation and preservation of Rangel Houses, a 984-unit affordable housing community in Upper Manhattan. Rangel Houses was originally built on 11 acres in 1951 as Colonial Park Houses and was renamed in 1977 in honor of tenant association president Ralph Rangel. Today, the community comprises eight high-rise buildings that are home to roughly 1,800 people. All units are reserved for households earning 80 percent or less of the area median income, with the majority (954 units) designated for “very low-income” residents. Rangel Houses also features playgrounds and open space, commercial space and specialized centers for seniors and children of varying ages. Matthew Baptiste and Heather Olson of Berkadia originated the financing in partnership with the New York City Housing Authority, the New York City Housing Development Corp. and Goldman Sachs on behalf of the owner, Genesis Cos. The loan was structured with a 15-year term, five years of interest-only payments and a 40-year amortization schedule.

November 9, 2026

Acquisitions Industrial New Hampshire Northeast

Marcus Partners Buys 155,000 SF Industrial Building in Salem, New Hampshire

by Taylor Williams November 9, 2026

SALEM, N.H. — Regional investment firm Marcus Partners has purchased a 155,000-square-foot industrial building in Salem, located near the Massachusetts-New Hampshire border. Completed on 16.4 acres in 2023, the building at 6 Industrial Way features a clear height of 40 feet and up to 28 dock-high doors. The building was partially leased to a local defense contractor at the time of sale, and CBRE will market the remainder of the space for lease. Marcus Partners acquired the building in an off-market transaction. The seller and sales price were not disclosed.

November 9, 2026

Acquisitions Multifamily New York Northeast

IPA Negotiates Sale of 71-Unit Apartment Building in Pleasantville, New York

by Taylor Williams November 9, 2026

PLEASANTVILLE, N.Y. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of The Atwood, a 71-unit apartment building in Pleasantville, located about 30 miles north of New York City. Built in 2023, The Atwood exclusively offers one-bedroom units with an average size of 774 square feet and amenities such as a fitness center, lounge and a rooftop terrace. Eric Pentore, Victor Nolletti, Wes Klockner and John Horowitz of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

November 9, 2026

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