Thursday, July 2, 2026
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Northeast

FORUM-Boston-Landing
DevelopmentLife SciencesMassachusettsNortheast

Lendlease, Ivanhoe Cambridge Break Ground on $500M Life Sciences Project in Boston

by Taylor Williams

BOSTON — A partnership between Lendlease and Ivanhoe Cambridge has broken ground on a $500 million life sciences project within Boston Landing, a mixed-use destination in the Allston/Brighton area. The nine-story, 350,000-square-foot building at 60 Guest St. will be branded FORUM and will feature traditional office space in addition to lab and research/development space. SGA Architects is designing the project, and Consigli Construction Co. is serving as the general contractor. Completion is slated for 2024. The partnership first acquired the land for the project from NB Development Group, the master developer of Boston Landing, in March 2021.

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AcquisitionsDelawareNortheastRetail

Atlantic Realty Sells Shopping Center in Newark, Delaware, for $33.5M

by Taylor Williams

NEWARK, DEL. — Atlantic Realty Cos., a Virginia-based development, investment and brokerage firm, has sold a 145,400-square-foot shopping center located at 230 E. Main St. in Newark for $33.5 million. Built in 1955 and renovated in 2017, the center was 93 percent leased at the time of sale to a roster of 31 tenants, with grocer Newark Natural Foods and Main Street Movies 5 serving as the anchors. Other retailers and restaurants include PNC Bank, Wing Stop, Dollar Tree, Goodwill, T-Mobile and Tropical Smoothie Café. Gil Neuman of Neuman Commercial Group represented Atlantic Realty in the transaction. The buyer was not disclosed.

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CivicDevelopmentNew YorkNortheast

EW Howell Construction Completes Elementary School Project in Manhattan

by Taylor Williams

NEW YORK CITY — New York-based general contractor EW Howell Construction Group has completed PS 464, an elementary school in Manhattan’s Financial District. The school occupies 92,000 square feet across the first nine floors within 42 Trinity Place, a 40-story residential building, and serves students in grades pre-K through 5. In addition, the school’s south wing comprises four stories in the Robert & Anne Dickey House, a renovated historical building. In addition to new classrooms, the school features a science lab, art and music room, gymnasium, cafeteria and two outdoor playgrounds.

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AcquisitionsIndustrialNew JerseyNortheast

Sitar Realty Negotiates $7.7M Sale of Warehouse in Lakewood, New Jersey

by Taylor Williams

LAKEWOOD, N.J. — New Jersey-based brokerage firm Sitar Realty Co. has negotiated the $7.7 million sale of a 38,762-square-foot warehouse in Lakewood, about 70 miles northeast of Philadelphia. The two-story building sits on 3.5 acres. Manasquan Bank sold the property to a locally based limited liability company. Douglas Sitar and Robert JanTausch of Sitar Realty brokered the deal.

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Leasing ActivityNew YorkNortheastRestaurantRetail

Five Iron Golf to Open 30,000 SF Entertainment Center at 101 Park Avenue in Manhattan

by Taylor Williams

NEW YORK CITY — Five Iron Golf will open a 30,000-square-foot entertainment center at 101 Park Ave. in Manhattan. The space will house the concept’s signature golf simulators, widescreen TVs, leisure games and a full-service restaurant and bar. Anthony Dattoma of CBRE and Jason Goode of Compass Real Estate represented Five Iron Golf in the lease negotiations. John Cefaly and Nicholas Dysenchuk of Cushman & Wakefield represented the landlord, H.J. Kalikow & Co. A tentative opening date was not disclosed.

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LVL-North-Philadelphia
LoansMultifamilyNortheastPennsylvania

Natixis Provides $150M Loan for Refinancing of Philadelphia Apartment Community

by Taylor Williams

PHILADELPHIA — French investment bank Natixis has provided a $150 million loan for the refinancing of LVL North, a 410-unit apartment community located just north of downtown Philadelphia at 510 Broad St. The property includes 108,000 square feet of commercial space that is anchored by grocer Giant. Kelly Gaines, Chad Orcutt and Blaine Fleming of JLL arranged the five-year, floating-rate loan on behalf of the borrower, Philadelphia-based Alterra Property Group.

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AcquisitionsMassachusettsNortheastOffice

FoxRock Properties Acquires 157,229 SF Office Complex in Burlington, Massachusetts

by Taylor Williams

BURLINGTON, MASS. — Locally based investment firm FoxRock Properties has acquired 1 Van de Graaff Drive, a 157,229-square-foot office complex located in the northern Boston suburb of Burlington. The property, which was 73 percent leased at the time of sale, offers a cafeteria and a fitness center. Robert Griffin, Edward Maher, Matthew Pullen and Samantha Hallowell of Newmark represented the undisclosed seller and procured the buyer in the transaction. The sales price was also not disclosed.

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AcquisitionsDevelopmentMassachusettsMultifamilyNortheast

CBRE Brokers Sale of 210-Unit Multifamily Development Site in Worcester, Massachusetts

by Taylor Williams

WORCESTER, MASS. — CBRE has brokered the sale of a multifamily development site in the central Massachusetts city of Worcester that is approved for the construction of 210 market-rate units. Plans currently call for a five-story building to be constructed over a double podium parking garage. Simon Butler, Biria St. John and John McLaughlin of CBRE represented the seller, a limited liability company, and procured the buyer, an affiliate of metro Boston-based SMC Management Corp., in the transaction.  

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AcquisitionsMultifamilyNew JerseyNortheast

B6 Real Estate Arranges $4.5M Sale of Jersey City Apartment Building

by Taylor Williams

JERSEY CITY, N.J. — Locally based brokerage firm B6 Real Estate Advisors has arranged the $4.5 million sale of a 25-unit apartment building in Jersey City’s West Bergen neighborhood. The property comprises 20 one-bedroom units and five two-bedroom units. Titanium Capital Partners purchased the asset for an undisclosed price. Yanni Marmarou led the B6 Real Estate team that brokered the deal.

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Leasing ActivityNew JerseyNortheastRetail

Marshalls Opens 50,000 SF Store in Totowa, New Jersey

by Taylor Williams

TOTOWA, N.J. — Marshalls has opened a 50,000-square-foot store at Totowa Square, a 258,000-square-foot retail power center in Northern New Jersey. The discount retailer is backfilling a space formerly occupied by Toys ‘R’ Us. Brian Katz and Amy Staats of Katz & Associates represented the landlord in the lease negotiations. Jerry Welkis of Welco Realty represented the tenant. The center is now 97 percent leased.

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