Northeast

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

Mayfair-Shopping-Center-Commack-New-York

Loans New York Northeast Retail

Cronheim Mortgage Arranges $30.5M in Financing for Long Island Shopping Center

by Taylor Williams November 3, 2026

COMMACK, N.Y. — New Jersey-based intermediary Cronheim Mortgage has arranged $30.5 million in financing for the 221,000-square-foot Mayfair Shopping Center in Commack, located on Long Island. Built in 1958, the center was 99 percent leased at the time of sale. Lidl, Planet Fitness and PGA Tour Superstore are the anchors, and other tenants include Gap, Sephora, J.Crew Factory, H&R Block, Tropical Smoothie Café and MyGym. Allison Villamagna and Andrew Stewart of Cronheim represented the seller in the disposition of the center and simultaneously arranged the loan through Voya Investment Management on behalf of the buyer, New York-based REIT Brixmor Property Group.

November 3, 2026

Acquisitions Multifamily New York Northeast Student Housing

Partnership Acquires Student Housing Property in Manhattan’s East Village for $28M

by Taylor Williams November 3, 2026

NEW YORK CITY — A partnership between California-based private equity firm Hawkins Way Capital and global investment firm Värde Partners has acquired a student housing property in Manhattan’s East Village for $28 million. According to StreetEasy, the building at 81 E. Third St. was built in 2003, rises 13 stories and features 45 units. Information on floor plans and amenities was not disclosed. The partnership acquired the building, which can also support traditional multifamily usage, in an off-market transaction. The seller was not disclosed.

November 3, 2026

Acquisitions Mixed-Use New York Northeast

JLL Brokers $23.5M Sale of Mixed-Use Development Site in Brooklyn

by Taylor Williams November 3, 2026

NEW YORK CITY — JLL has brokered the $23.5 million sale of a mixed-use development site in Brooklyn. The 26,730-square-foot site at 1150 Broadway is located at the nexus of the borough’s Bedford-Stuyvesant and Bushwick neighborhoods and is zoned for the development of apartments, retail space and/or community facilities. Brendan Maddigan, Steve Rutman, Mike Mazzara and Ethan Stanton of JLL represented the seller, A-PLUS International Realty, in the transaction. The buyer, a partnership between Brooklyn-based YS Developers and Rabsky Group, did not disclose specific development plans for the site.

November 3, 2026

Development Industrial Loans Northeast Pennsylvania

Cushman & Wakefield Arranges $153M in Construction Financing for Industrial Project Near Philadelphia Airport

by Taylor Williams November 2, 2026

PHILADELPHIA — Cushman & Wakefield has arranged $153 million in construction financing for Phase I of Airport Logistics Center, a roughly 1 million-square-foot industrial project that will be situated on a 66-acre site adjacent to Philadelphia International Airport. Building features will include 240 dock doors and parking for 704 cars and 209 trailers. Completion is slated for early 2028. The sponsor is a partnership between Ivy Realty and Lubert-Adler Real Estate Funds, and the package includes both debt and equity, though specific amounts of each piece were not disclosed. John Alascio, Chuck Kohaut, T.J. Sullivan, Aaron Graves, Andrew Merin, Gary Gabriel, Kyle Schmidt and Seth Zuidema of Cushman & Wakefield arranged the floating-rate construction loan through TPG Real Estate Credit. The team also advised on the structuring of the equity for the project.

November 2, 2026

Newer Posts

Older Posts