Thursday, June 4, 2026
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Northeast

The-Brook
DevelopmentMultifamilyNew YorkNortheast

Witkoff, Apollo Global Top Out 52-Story Apartment Tower in Brooklyn

by Taylor Williams

NEW YORK CITY — A partnership between Witkoff and an affiliate of Apollo Global Management has topped out The Brook, a 52-story apartment building in downtown Brooklyn. The Brook will house 591 apartments and 21,000 square feet of retail space. Thirty percent of units will be set aside as affordable housing. Income restrictions for these units were not disclosed. Amenities will include a pool, basketball court, lounge, fitness center, library, communal terraces, playground, dog run and coworking spaces. Move-ins are slated to begin in the second half of 2025. Beyer Blinder Belle designed the community, and Bonetti/Kozerski Architecture provided interior design services. Suffolk Construction is the general contractor.

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DevelopmentHospitalityNew HampshireNew JerseyNew YorkNortheast

Everhome Suites to Open Three New Hotels Totaling 334 Rooms in Northeast

by Taylor Williams

ROCKVILLE, MD. — Everhome Suites, which is part of the family of brands of Maryland-based owner-operator Choice Hotels International Inc., will open three new hotels totaling 334 rooms in the Northeast. The properties include a 106-room hotel in Portsmouth, N.H.; a 114-room hotel in Somerset, N.J.; and a 114-room hotel in Rochester, N.Y. All rooms will feature fully equipped kitchens. Construction of the hotels is underway, and the openings are scheduled for 2025.

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AcquisitionsMixed-UseNew YorkNortheast

Ariel Property Advisors Arranges $11.7M Sale of Mixed-Use Development Site in The Bronx

by Taylor Williams

NEW YORK CITY — Locally based brokerage firm Ariel Property Advisors has arranged the $11.7 million sale of a mixed-use development site in The Bronx. The site at 1931 Lafayette Ave. totals 300,000 buildable square feet and is zoned for both affordable housing and up to 18,000 square feet of retail space. Victor Sozio, Shimon Shkury, Jason Gold and Daniel Mahfar of Ariel represented the undisclosed sellers in the transaction. The buyer was also not disclosed.

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AcquisitionsMultifamilyNew YorkNortheast

Marcus & Millichap Brokers $8M Sale of Manhattan Apartment Building

by Taylor Williams

NEW YORK CITY — Marcus & Millichap has brokered the $8 million sale of a seven-unit apartment building located at 228 W. 10th St. in Manhattan’s West Village. The four-story building consists of six one-bedroom apartments and a 2,500-square-foot retail space that is leased to Italian restaurant L’Artusi. Joe Koicim and Peter Dodge of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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Leasing ActivityNew YorkNortheastOffice

Herrick Feinstein Signs 76,849 SF Office Lease at Two Park Avenue in Manhattan

by Taylor Williams

NEW YORK CITY — Law firm Herrick Feinstein LLP has signed a 76,849-square-foot office lease at Two Park Avenue, a 1 million-square-foot building in Manhattan’s Flatiron District. The space spans the entire 14th floor and part of the 15th floor of the building, which recently underwent a capital improvement program. Tara Stacom, Mitchell Arkin, Peter Trivelas and Mike Tranfalia of Cushman & Wakefield represented the landlord in the lease negotiations. John Wheeler and Peter Riguardi of JLL represented the tenant.

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Reservoir-Place-Waltham
Leasing ActivityMassachusettsNortheastOffice

Welch’s to Relocate Corporate Headquarters Office to Waltham, Massachusetts

by Taylor Williams

WALTHAM, MASS. — Welch’s will relocate its corporate headquarters office from Concord, a northwestern suburb of Boston, to nearby Waltham. The fruit-based food and beverage provider’s new headquarters will span 60,000 square feet within Reservoir Place, a development by Boston Properties (NYSE: BXP), and will include lab facilities. The company plans to begin building out its new space this summer and to take occupancy next spring. Cushman & Wakefield represented Welch’s, which has operated out of Concord for the past 40 years, in its site selection and lease negotiations.

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AcquisitionsHospitalityNew YorkNortheast

Northgate Real Estate Arranges $34.8M Bankruptcy Sale of Downtown Brooklyn Hotel Project

by Taylor Williams

NEW YORK CITY — Locally based brokerage firm Northgate Real Estate Group has arranged the $34.8 million bankruptcy sale of a hotel project in downtown Brooklyn that is roughly midway through construction. The 22-story building at 291 Livingston St., which is approved for 104 rooms, was sold via auction. Greg Corbin, Chaya Milworn and Felix Ades of Northgate handled the transaction on behalf of the undisclosed seller. The buyer was Midas Hospitality.

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AcquisitionsMassachusettsNortheastOfficeRetail

Newmark Brokers Sale of Three Office, Retail Buildings Totaling 40,860 SF in Wellesley, Massachusetts

by Taylor Williams

WELLESLEY, MASS. — Newmark has brokered the sale of three office and retail buildings totaling 40,860 square feet in Wellesley, a western suburb of Boston. Retail owner-operator EDENS sold the buildings at 34-50 Central St., which were 73 percent leased at the time of sale, to locally based developer Taymil Partners for an undisclosed price. Robert Griffin, Jonathan Martin and Paul Penman of Newmark brokered the deal. David Douvadjian Sr., Timonthy O’Donnell and David Douvadjian Jr. of Newmark arranged acquisition financing.

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AcquisitionsNew JerseyNortheastRetail

Marcus & Millichap Brokers $6.5M Sale of Retail Building in Lakehurst, New Jersey

by Taylor Williams

LAKEHURST, N.J. — Marcus & Millichap has brokered the $6.5 million sale of a retail building in Lakehurst, about 60 miles east of Philadelphia, that is net leased to convenience store Wawa. The building at 604 Pine St. was completed in 2023 and totals 5,000 square feet, according to LoopNet Inc. Derrick Dougherty, Scott Woodard, Mark Krantz and Nick Geaneotes of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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Leasing ActivityNew JerseyNortheastOffice

Amicus Therapeutics Opens 27,200 SF Office in Princeton, New Jersey

by Taylor Williams

PRINCETON, N.J. — Biotechnology firm Amicus Therapeutics has opened a 27,200-square-foot office in Princeton. The space spans the fourth and fifth floors of the building at 47 Hulfish St., which is located about a block away from Princeton University’s campus. According to LoopNet Inc., the building was constructed in 1985 and totals 71,500 square feet. Ware Malcomb designed the space, and Sweetwater Construction Corp. served as the general contractor.

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