Northeast

JLL Arranges $154.2M Loan for Refinancing of Long Island Apartment Community

by Taylor Williams November 5, 2026

AMITYVILLE, N.Y. — JLL has arranged a $154.2 million loan for the refinancing of Greybarn Amityville, a 335-unit apartment community located on Long Island’s South Shore. Developed in phases between 2016 and 2020, Greybarn Amityville comprises 269 market-rate units and 66 workforce housing units in one- and two-bedroom floor plans. Amenities include a pool, fitness center, private workspaces, resident lounge and a community garden, and the community also houses 37,737 square feet of ground-floor retail space that is home to tenants such as Starbucks and True North Urgent Care. Peter Rotchford, Andrew Scandalios and Clayton Ross of JLL arranged the loan through Los Angeles-based PCCP on behalf of the owner, Rechler Equity Partners.

November 5, 2026

Development New York Northeast Office

Marx Realty Begins $68M Repositioning of Midtown Manhattan Office Building

by Taylor Williams November 5, 2026

NEW YORK CITY — Marx Realty has begun the $68 million repositioning of 430 Park Avenue, a 19-story, 300,000-square-foot office building in Midtown Manhattan. The project will involve a redesign of the lobby and the introduction of indoor and outdoor amenities, including a parlor, library, golf simulator lounge and an indoor/outdoor bar. Studios Architecture is designing the project, which will also include the installation of new custom artwork. Lobby work has commenced, and work on pre-built suites will begin before the end of the month. Construction on amenity spaces will begin in February 2027, with completion expected for the summer.

November 5, 2026

Industrial Leasing Activity Massachusetts Northeast

Foundation Alloy Signs 36,055 SF Industrial Lease in Woburn, Massachusetts

by Taylor Williams November 5, 2026

WOBURN, MASS. — Foundation Alloy has signed a 36,055-square-foot industrial lease in the northern Boston suburb of Woburn. The company is relocating its manufacturing operations from The Engine, a nonprofit incubator facility owned by the Massachusetts Institute of Technology, to the building at 45 Industrial Parkway. Kevin McNamara, Ross Gaudet and Michael O’Leary of Cushman & Wakefield represented Foundation Alloy in the lease negotiations. Chelsea Andre, Rachel Marks and Chris Decembrele of JLL represented the landlord, a partnership between Camber Development and Wheelock Street Capital.

November 5, 2026

Content Partner Features Midwest Multifamily Northeast Southeast Texas Western

Berkadia Partners with NYU Stern for Third Annual Multifamily Investment Case Competition

by Sarah Daniels November 5, 2026

Berkadia recently partnered with the Chen Institute for Global Real Estate Finance at NYU Stern School of Business for the third annual Multifamily Investment Case Competition, held October 15–16. The competition brought together graduate student teams from leading business schools across the country to explore how technology can enhance investment returns in the multifamily sector. Participants were challenged to develop strategies at the intersection of apartment operations, technology and innovation financing — areas that do not often converge in traditional business school curricula. “Berkadia was honored to partner with NYU Stern for the third year in a row, highlighting our commitment to supporting young professionals and future leaders in real estate,” said Justin Wheeler, Berkadia’s CEO. “Engaging with eager, thoughtful participants and judges with deep expertise in the multifamily industry was both exciting and inspiring. This event was made possible by the dedication of university teams, fellow judges and NYU’s sustained support.” This year’s competition included teams from NYU Stern, Columbia Business School, UCLA Anderson, the University of Wisconsin–Madison’s School of Business, the University of Florida Warrington College of Business and the University of Texas at Austin McCombs School of Business. An accomplished group of industry leaders served as judges, …

November 5, 2026

Development Loans Multifamily New York Northeast Office

Northwind Group Provides $231M Construction Loan for Office-to-Residential Conversion Project in Manhattan

by Taylor Williams November 4, 2026

NEW YORK CITY — Northwind Group, a Manhattan-based real estate private equity firm and debt fund manager, has provided a $231 million construction loan for an office-to-residential conversion project in Manhattan. The borrower is joint venture between Metro Loft Management and David Werner Real Estate Investments, and the building in question is 675 Third Avenue, a 32-story, 337,000-square-foot tower in the Midtown East submarket. The conversion could add as many as 450 new apartments to the local supply, inclusive of a 25 percent affordable housing component. The joint venture, which acquired the building last spring, has tapped Gensler and Collaborative Construction Management as project partners. A construction timeline was not announced.

November 4, 2026

Development Industrial Northeast Rhode Island Self-Storage

Ardent, Ironwood Complete 913-Unit Self-Storage Facility in Woonsocket, Rhode Island

by Taylor Williams November 4, 2026

WOONSOCKET, R.I. — A partnership between Atlanta-based developer The Ardent Cos. and Ironwood Development Partners has completed a 913-unit self-storage facility in Woonsocket, located along the Massachusetts-Rhode Island border. The site is a former brownfield at 153 Hamlet Ave. that was remediated prior to the start of construction. Extra Space Storage operates the facility, which spans approximately 80,000 square feet, though it is unclear if that figure refers to gross or net rentable square footage. A formal opening ceremony took place in late summer.

November 4, 2026

Industrial Loans New Jersey Northeast

JLL Arranges Permanent Financing for 124,720 SF Industrial Building in Edison, New Jersey

by Taylor Williams November 4, 2026

EDISON, N.J. — JLL has arranged an undisclosed amount of permanent financing for a 124,720-square-foot industrial building in the Central New Jersey community of Edison. The building at 111 Fieldcrest Ave. was constructed on 6.4 acres in 2006 and was fully leased to Bentley Laboratories at the time of the loan closing. Building features include a clear height of 32 feet, nine dock-high doors, 111 car parking spaces and 7,500 square feet of office space. Michael Klein, Max Custer and Kevin Badger of JLL arranged the loan through an undisclosed life insurance company on behalf of the owner, Summit Associates.

November 4, 2026

Acquisitions Hospitality New York Northeast

Matthews Negotiates $12M Sale of Hospitality Building in Manhattan’s Chinatown District

by Taylor Williams November 4, 2026

NEW YORK CITY — Nashville-based brokerage firm Matthews has negotiated the $12 million sale of 101 Bowery, a hospitality building in Manhattan’s Chinatown district that was formerly housed the New World Hotel. The building is a five-story, 13,260-square-foot, single-room occupancy (SRO) structure that comprises an owner-occupied ground-floor retail space and four vacant floors that are designated for lodging use. Stephen Dadourian of Matthews represented the seller, a local family, in the transaction. The buyer was not disclosed.

November 4, 2026

Northeast Retail Rhode Island Top Stories

CVS Health to Separate Pharmacy Business, Form Two Publicly Traded Companies

by Kristin Harlow November 4, 2026

WOONSOCKET, R.I. — Woonsocket-based CVS Health (NYSE: CVS) has unveiled plans to separate into two independent, publicly traded companies. A healthcare solutions company will comprise Aetna, CVS Caremark, CVS Specialty, Oak Street Health and Signify Health. In the interim, this company will be referred to as “CVS Health.” Founded in 2012, Oak Street Health offers clinics for older adults across 27 states. The national retail pharmacy and community healthcare company will comprise approximately 9,000 CVS pharmacies, mail pharmacy, MinuteClinic and the Health100 technology services business. This company will be named “CVS Pharmacy.” Upon separation, David Joyner, currently chairman and CEO of CVS Health, will be the chairman and CEO of the healthcare solutions company. Prem Shah, currently group president of CVS Health, will be the CEO of CVS Pharmacy. Additional leadership positions and board members will be announced at a later date. “Our history is defined by proactively evolving to stay ahead of what’s next in healthcare, and in today’s environment, that means delivering more affordability, greater access and a simpler experience,” says Joyner. “Over the last two years, we have made meaningful progress: We built a world-class leadership team, strengthened our financials, revitalized operations across the enterprise and drove …

November 4, 2026

Acquisitions New Jersey Northeast Retail

Cushman & Wakefield Brokers $109.5M Sale of Northern New Jersey Shopping Center

by Taylor Williams November 3, 2026

WOODCLIFF LAKE, N.J. — Cushman & Wakefield has brokered the $109.5 million sale of Tice’s Corner, a lifestyle shopping center located in the Northern New Jersey community of Woodcliff Lake. The square footage was not disclosed, but according to the brokerage team, the sale represents “one of New Jersey’s largest single-asset retail transactions of the past decade.” Tenants include The Apple Store (anchor), Pottery Barn, Anthropologie and Free People. Joanna Manfro of Cushman & Wakefield represented the buyer, Boston-based owner-operator WS Development, in the transaction. David Waldman of David Adam Realty represented the seller, an institutional owner doing business as WS Tice’s Inc.

November 3, 2026

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