Northeast

Berkadia Arranges Sale of 288-Unit Overlook Apartments in Camp Hill, Pennsylvania

by Taylor Williams November 5, 2025

CAMP HILL, PA. — Berkadia has arranged the sale of The Overlook, a 288-unit apartment community located outside of Harrisburg in Camp Hill. Built in 2012, The Overlook offers one- and two-bedroom units across six buildings. Amenities include a fitness center, yoga studio, pool, business center, dog park, outdoor grilling and dining stations and a clubhouse. Zac Pierce, Matt Stefanski and Maura Spellman of Berkadia represented the undisclosed seller in the transaction. The buyer was locally based investment firm The Apartment Gallery. The Overlook was 97.5 percent occupied at the time of sale.

November 5, 2025

Loans New Jersey Northeast Retail

First Bank Provides Construction Financing for Retail Expansion Project in Belleville, New Jersey

by Taylor Williams November 5, 2025

BELLEVILLE, N.J. — First Bank has provided an undisclosed amount of construction financing for a retail expansion project that will be located in the Northern New Jersey community of Belleville. The site spans 18.7 acres at 11 Franklin Ave. The first building opened in October 2022 and is fully leased to Starbucks. The second building will house three restaurant tenants, one of which will be Chipotle Mexican Grill. Michael Klein, Jon Mikula, Ryan Carroll and Kevin Badger of JLL arranged the floating-rate debt on behalf of the borrower, a partnership between two New Jersey-based developers, Tulfra Real Estate and The Hampshire Cos.

November 5, 2025

Development Industrial Northeast Pennsylvania

Ecopax to Open 104,238 SF Industrial Facility in Bethlehem, Pennsylvania

by Taylor Williams November 5, 2025

BETHLEHEM, PA. — Ecopax LLC, a locally based manufacturer of food packaging products, will open a 104,238-square-foot industrial facility in the Lehigh Valley city of Bethlehem. The property at 1355 Easton Road will complement an existing 315,643-square-foot manufacturing and warehousing facility and will feature six new loading docks and 12 additional truck parking spaces. Local company J.G. Petrucci Co. is developing the facility. An tentative construction completion date was not announced.

November 5, 2025

Leasing Activity New York Northeast Office

Vialto Group Signs 10,000 SF Office Lease Expansion in Manhattan’s Plaza District

by Taylor Williams November 5, 2025

NEW YORK CITY — Vialto Group has signed a 10,000-square-foot office lease expansion in Manhattan’s Plaza District. The private equity firm now occupies 17,500 square feet across two floors at 545 Madison Avenue, a 17-story, 140,000-square-foot building. Tara Stacom led the Cushman & Wakefield team that represented the landlord, Marx Realty, in the lease negotiations. David Dusek, also with Cushman & Wakefield, represented Vialto Group.

November 5, 2025

Affordable Housing Loans Multifamily New York Northeast

Greystone Provides $114.5M Acquisition Loan for Queens Affordable Housing Portfolio

by Taylor Williams November 4, 2025

NEW YORK CITY — Greystone has provided a $114.5 million bridge loan for the acquisition of a portfolio of nine affordable housing buildings totaling 753 units in Queens. Known as The State Preservation Portfolio, the elevator-served properties feature a mix of studio, one- and two-bedroom units, as well as covered parking. Information on specific income restrictions was not disclosed. The borrower is a partnership between national affordable housing owner-operator Iris Holdings Group and the New York City Department of Housing Preservation and Development. The partnership will use a portion of the proceeds to fund capital improvements and preserve the buildings’ affordability status.

November 4, 2025

Development Loans Multifamily New Hampshire Northeast

JLL Arranges $96.8M Construction Loan for Southern New Hampshire Multifamily Project

by Taylor Williams November 4, 2025

PORTSMOUTH, N.H. — JLL has arranged a $96.8 million construction loan for Prescott Post, a 360-unit multifamily project that will be located in the southern New Hampshire city of Portsmouth. The site spans 26 acres, about 10 percent of which will be preserved as green communal space. Prescott Post will feature three- and four-story residential buildings that will house a mix of unit types. Amenities will include multiple clubrooms, coworking spaces, an indoor/outdoor fitness suite with a yoga studio, outdoor kitchens, fire pits and a dog run with a pet washing station. Brett Paulsrud, Andrew Gray and Hugh Doherty of JLL arranged the loan through Truist Bank on behalf of the developers, a partnership between Boston-based Eastern Real Estate and The Kane Co. Completion is slated for late 2027.

November 4, 2025

Acquisitions Industrial New Jersey Northeast

EQT Real Estate Buys 893,625 SF Industrial Portfolio in Northern New Jersey

by Taylor Williams November 4, 2025

NEW JERSEY — EQT Real Estate has purchased a portfolio of 11 industrial buildings totaling 893,625 square feet in Northern New Jersey. Known as the New Jersey Value-Add Industrial Portfolio, the collection of buildings is located between Exits 2 and 14 off the New Jersey Turnpike. The portfolio was fully leased at the time of sale and has a weighted average remaining lease term of about four years. John Plower, Ryan Cottone, Nicholas Stefans and Jason Lundy of JLL represented the undisclosed, institutional seller in the transaction. The sales price was also not disclosed.

November 4, 2025

Development Massachusetts Multifamily Northeast

Davis Cos. Underway on 289-Unit Multifamily Project in Medford, Massachusetts

by Taylor Williams November 4, 2025

MEDFORD, MASS. — Locally based developer The Davis Cos. is underway on construction of The Clayborn, a 289-unit multifamily project located north of Boston in Medford. The 7.9-acre site formerly housed a self-storage facility. Designed by CUBE 3 Architects, The Clayborn will offer studio, one-, two- and three-bedroom units as well as six townhomes. The Clayborn will also have an affordability component, although specific income restrictions were not disclosed. Amenities will include a pool, fitness center, playground, golf simulator and putting green, coworking space, dog park and a rooftop deck. Plumb House is the general contractor for the project, which is expected to be complete in 2027.

November 4, 2025

Development Multifamily Northeast Pennsylvania

Hankin Group Breaks Ground on 160-Unit Multifamily Project in Downingtown, Pennsylvania

by Taylor Williams November 4, 2025

DOWNINGTOWN, PA. — Locally based developer Hankin Group has broken ground on a 160-unit multifamily project in Downingtown, a western suburb of Philadelphia. The project is an expansion of the 70-acre River Station development and will consist of two buildings that will have 67 and 93 units. Residences will come in one- and two-bedroom formats and will range in size from 765 to 1,217 square feet. Residents will have access to amenities such as a pool, coffee bar, fitness center, sports court, golf simulator, demonstration kitchen, business center and a county-wide trail system. Completion of the first building is slated for summer 2026.

November 4, 2025

Development New York Northeast Office

Joint Venture to Undertake $50M Renovation of Midtown Manhattan Office Building

by Taylor Williams November 3, 2025

NEW YORK CITY — A joint venture between Boston-based owner-operator The Davis Cos., Tribeca Investment Group (TIG) and ATCO will undertake a $50 million renovation of 630 Third Avenue, a 23-story, 261-445-square-foot office building in Midtown Manhattan. Renovations will include a full lobby remodeling, construction of a tenant amenity center and conferencing space and delivery of move-in ready office suites. Construction is set to begin in the first quarter and to last six to eight months. CBRE has been named as the leasing agent for 630 Third Avenue.

November 3, 2025

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