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Caro-Tuscan-Village
DevelopmentMultifamilyNew HampshireNortheast

Dolben Co. Completes 260-Unit Multifamily Project at Tuscan Village in Salem, New Hampshire

by Taylor Williams

SALEM, N.H. — Regional developer The Dolben Co. has completed Caro Tuscan Village, a 260-unit multifamily project in Salem, New Hampshire. The site spans 7.7 acres within Tuscan Village, a mixed-use destination that is a redevelopment of the former Rockingham Park horseracing complex. Units come in studio, one-, two- and three-bedroom floor plans, and amenities include a pool, fitness center, conference room, clubroom and outdoor grilling and dining stations. Boston-based HDS Architecture designed the project, and Pilot Construction served as the general contractor.

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SpringHill-Suites-by-Marriott-Voorhees
AcquisitionsHospitalityNew JerseyNortheast

JLL Arranges Sale of 117-Room Marriott-Branded Hotel Near Philadelphia

by Taylor Williams

MOUNT LAUREL, N.J. — JLL has arranged the sale of a 117-room, Marriott-branded hotel located outside of Philadelphia in Mount Laurel. The SpringHill Suites by Marriott Voorhees Mt. Laurel/Cherry Hill hotel is a four-story building that offers amenities such as a pool, fitness center, business center and 375 square feet of meeting and event space. Ketan Patel, Phil White and Vasilis Halakos of JLL represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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Leasing ActivityNew JerseyNortheastOffice

Vatech America Signs 16,262 SF Office Lease in Teaneck, New Jersey

by Taylor Williams

TEANECK, N.J. — Vatech America, a manufacturer of dental imaging equipment, has signed a 16,262-square-foot office lease in the Northern New Jersey community of Teaneck. The space is located within the 670,000-square-foot, four-building Glenpointe mixed-use campus. Jeff Schotz, Peter Rossi, Dan Reider, Peter Kasparian and David Simson of Newmark represented the landlord, Alfred Sanzari Enterprises, in the lease negotiations. Harlan Hollander of Savills represented the tenant.

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The-Ellery-Manhattan
DevelopmentMultifamilyNew YorkNortheast

Taconic Partners, NREA Underway on 330-Unit Multifamily Project in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — A partnership between Taconic Partners and National Real Estate Advisors is underway on construction of The Ellery, a 330-unit multifamily project in Midtown Manhattan. Designed by Handel Architects, The Ellery will consist of two interconnected buildings that will rise 32 and seven stories at 312 W. 43rd St. Units will come in studio, one- and two-bedroom floor plans. The Ellery will feature 28,000 square feet of indoor and outdoor amenity space, including a rooftop pool, as well as 42,000 square feet of retail space across two floors. The development team most recently completed construction of the façade, but a timeline for full completion was not disclosed.

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124-Westboro-Road-Grafton-Massachusetts
DevelopmentIndustrialLife SciencesMassachusettsNortheast

GFI Partners to Undertake 200,000 SF Life Sciences Redevelopment in Grafton, Massachusetts

by Taylor Williams

GRAFTON, MASS. — GFI Partners will undertake a 200,000-square-foot life sciences redevelopment project in Grafton, located in Worcester County. The Boston-based developer will convert a 33.2-acre site that was formerly part of the Grafton State Hospital campus into a two-building facility that can also support industrial usage under local zoning laws. MassDevelopment sold the parcel to GFI Partners for an undisclosed price. Construction is set to begin this summer and to be complete in early 2026.

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AcquisitionsMultifamilyNew YorkNortheastStudent Housing

Charney Cos., Criterion Real Estate Acquire Student Housing Property in Manhattan

by Taylor Williams

NEW YORK CITY — A joint venture between Charney Cos. and Criterion Real Estate Capital has acquired 99 Claremont Avenue, a student housing property located in the Morningside Heights neighborhood of Manhattan. The seven-story building was originally constructed in 1932. The seller and sales price were not disclosed. Madison Realty Capital provided a $55 million bridge loan for the acquisition, and the new ownership plans to use a portion of the proceeds to renovate the property.

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IndustrialLeasing ActivityMassachusettsNortheast

JLL Negotiates 111,119 SF Industrial Lease in Wilmington, Massachusetts

by Taylor Williams

WILMINGTON, MASS. — JLL has negotiated a 111,119-square-foot industrial lease at Upton Crossing in the northern Boston suburb of Wilmington. The lease is for the entirety of the building at 38 Upton Drive, which features a clear height of 32 feet. Joe Fabiano, Jamey Lipscomb, Jordan Yarboro and Brian Tisbert of JLL represented the landlord, locally based developer The Davis Cos., in the lease negotiations. Rachel Marks and Chelsea Andre, also with JLL, represented the tenant, an undisclosed provider of medical devices and equipment.

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AcquisitionsMultifamilyNew JerseyNortheast

Hudson Atlantic Arranges $3.6M Sale of Northern New Jersey Apartment Complex

by Taylor Williams

WOOD-RIDGE, N.J. — Locally based brokerage firm Hudson Atlantic has arranged the $3.6 million sale of The Highlander, a 19-unit apartment complex in the Northern New Jersey community of Wood-Ridge. The undisclosed seller originally developed the property, which according to Apatments.com exclusively offers one-bedroom units, in 1977. Adam Zweibel and Dante Fusaro of Hudson Atlantic brokered the deal. The buyer was also not disclosed.

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DevelopmentLife SciencesMassachusettsNortheastTop Stories

Basis Investment Buys Minority Stake in Related Beal’s $416M Life Sciences Development in Boston

by John Nelson

BOSTON — Basis Investment Group, a New York City-based commercial real estate debt and equity investment platform, has purchased an equity stake in Phase III of Innovation Square, a $416 million life sciences development in Boston’s Seaport District. The company purchased a minority stake of an undisclosed value from the developer, Related Beal, the Boston office of Related Cos. Located on a 1.8-acre site at 22 Drydock St., Phase III of Innovation Square will comprise a seven-story life sciences building totaling 340,000 square feet. Related Beal is leasing the site from the City of Boston for a 99-year term. The property’s life sciences space is fully preleased to Vertex Pharmaceuticals, a biopharmaceutical company based in Boston. The company also fully occupies Phase II of Innovation Square, a four-story life sciences building located at 6 Tide St. in Boston. In addition to laboratories and offices for Vertex, 22 Drydock will include dedicated lab space for Gloucester Marine Genomics Institute, a nonprofit that provides hands-on training for careers in labs to veterans and neighborhood high school students. Related Beal says the project is the first LEED Platinum and zero-net-carbon life sciences building in Boston. A net zero carbon building is a highly efficient …

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40-Bruckner-Blvd.-Bronx
DevelopmentMultifamilyNew YorkNortheast

JCS Realty Underway on 365-Unit Multifamily Project in The Bronx

by Taylor Williams

NEW YORK CITY — Developer JCS Realty is underway on construction of Bruckner House, a 365-unit multifamily project in The Bronx. The site is located at 40 Bruckner Blvd. in the Mott Haven neighborhood on the borough’s south side. Bruckner House offers studio, one- and two-bedroom units and amenities such as a fitness center, coworking areas, a movie theater and a rooftop pool and lounge area. Project partners include S9 Architecture and EP Engineering.

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