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.
ROCKLAND, MASS. — Marcus & Millichap has brokered the sale of Pleasant Storage, a 231-unit self-storage facility in Rockland, about 20 miles south of Boston. Built on 4.9 acres in 2003, the seven-building facility features 222 non-climate-controlled units and nine additional units across 45,160 net rentable square feet of space. Nathan Coe, Gabriel Coe, Brett Hatcher and Thomas Shihadeh of Marcus & Millichap represented the seller, a local father-son ownership group, in the transaction. The team also procured the buyer, a partnership between Patriot Holdings and All Purpose Self Storage.
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.
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.
NEW YORK CITY — A partnership between Tavros Holdings and Charney Cos. has completed Nevins Landing South, a 22-story apartment building in Brooklyn. The building totals 320 units, 80 of which (25 percent) are reserved as affordable housing, and is part of the 2,200-unit Gowanus Wharf development. Amenities include a pool, spa, fitness center, terrace lounge, coworking suite, entertainment lounge and a golf simulator, and the building also houses 29,000 square feet of retail space. Fogarty Finger served as project architect. Affinius Capital and Kennedy Wilson provided construction financing for the project. Leasing began late this summer, at which point rents started at $3,250 per month for a studio apartment.
DOWNINGTOWN, PA. — CBRE has arranged $85 million in financing for Mi-Place at Downingtown, a 318-unit apartment community located on the western outskirts of Philadelphia. The property features one-, two- and three-bedroom units and amenities such as a pool, clubhouse, fitness center, pickleball courts and a dog park. Matthew Klauer and Cassandra Russell of CBRE arranged the loan through Barings on behalf of the owner, Fernmoor Homes.
MEDFORD, MASS. — Marcus & Millichap has brokered the $5 million sale of a 19,278-square-foot industrial complex in Medford, a northern suburb of Boston. The property at 93 Mystic Ave. was built in the 1950s and comprises a 14,278-square-foot main building and a 5,000-square-foot auxiliary building. Mattias Edenkrans and Luigi Lessa of Marcus & Millichap represented the seller, a limited liability company, in the transaction, and procured the buyer, a private family. Both parties requested anonymity.
PARAMUS, N.J. — PCCP has provided a $163.9 million senior loan to a joint venture between Russo Development and Kushner Real Estate Group for the construction of The Paramus Chapter, a 426-unit multifamily project in suburban New York City. The joint venture acquired the land in May 2025. Construction began in July 2026, and completion is slated for the fourth quarter of 2028. The Paramus Chapter will consist of two four-story buildings over concrete podiums with 810 parking spaces and approximately 5,300 square feet of ground-floor retail space. Both buildings will have separate entrances, parking and amenities. Building A will include 166 units, comprising 138 market-rate apartments and 18 affordable units. Amenities will include an outdoor pool, 2,200-square-foot gym, game room, theater, karaoke lounge, sports simulator, rentable party room, dog run and 3,400 square feet of coworking space. Building B will feature 260 units, comprising 222 market-rate residences and 38 affordable units. Amenities will include a full-time concierge, leasing center, 2,800-square-foot gym, chef’s kitchen, gardening room and two outdoor courtyards. The project site is directly adjacent to Bergen Town Center, which features more than 1 million square feet of retail space anchored by Whole Foods Market and Target. PCCP, a …
PRINCETON, N.J. — JLL has arranged a $15.3 million loan for the refinancing of a 160,904-square-foot office building in Princeton. The four-story building at 500 College Road E was constructed in 1984 and renovated in 2022 and now offers amenities such as a café, fitness center, employee lounge with games and a multimedia conference and training facility. Michael Klein, Gregory Nalbandian, Nazario Paragano and Kevin Badger of JLL arranged the four-year, fixed-rate loan through an undisclosed life insurance company. The borrower is a partnership led by Bergman Real Estate Group.
DOVER, N.J. — A joint venture between Crossroads Cos. and CrownPoint Group Inc. has completed 80East, a 90-unit multifamily project in Dover, about 30 miles west of New York City. The six-story building houses studio, one- and two-bedroom units, with nine residences set aside as affordable housing. Amenities include a fitness center, rooftop deck and an entertainment lounge. Minno & Wasko Architects and Planners designed the project, and L2i Construction was the general contractor. Columbia Bank financed construction, which began in summer 2024. Information on starting rents was not disclosed.