Saturday, February 7, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Northeast

East-Park-Apartments-Vineland-New-Jersey
AcquisitionsMultifamilyNew JerseyNortheast

Kislak Negotiates Sales of Three Multifamily Properties Totaling 88 Units in New Jersey

by Taylor Williams

WOODBRIDGE, N.J. — New Jersey-based brokerage firm The Kislak Co. Inc. has negotiated the sales of three multifamily properties totaling 88 units in various parts of New Jersey. The three assets sold for a combined $9 million. The properties include the 41-unit East Park Apartments in Vineland, located in the southern part of the state; the 30-site Farrell Place Manufactured Home Community in the Philadelphia suburb of Cherry Hill; and a 17-unit complex in the Northern New Jersey community of East Orange. Joni Sweetwood of Kislak represented the sellers and procured the buyers in all three deals.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMultifamilyNew JerseyNortheast

Marcus & Millichap Brokers Sale of Multifamily Development Site in Asbury Park, New Jersey

by Taylor Williams

ASBURY PARK, N.J. — Marcus & Millichap has brokered the sale of a site located at 1001 First Ave. in the coastal city of Asbury Park that is entitled for the development of 80 multifamily units. The sales price was approximately $2.2 million. Development plans for the 57,000-square-foot parcel also include two ground-floor retail spaces and 94 parking spots. Chez Eider, Fahri Ozturk and Richard Gatto of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors that requested anonymity, in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityNortheastOfficePennsylvania

ibex Signs 32,528 SF Office Lease at Penn Center East in Pittsburgh

by Taylor Williams

PITTSBURGH — ibex, a Washington, D.C.-based provider of global technology solutions, has signed a 32,528-square-foot lease at Penn Center East, an office and retail campus in Pittsburgh. The campus features a tenant lounge, fitness facility and conference center. Dan Adamski and Nick Francic of JLL represented ibex, which plans to hire about 400 people to its regional workforce, in the lease negotiations. The name and representative of the landlord were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
David-Levine-Blackstone
AcquisitionsCompany NewsIndustrialNew YorkNortheastTop Stories

Blackstone Enters into Agreement to Acquire WPT Industrial REIT for $3.1B in Cash

by Taylor Williams

NEW YORK CITY — Blackstone Real Estate Income Trust Inc. (BREIT) has entered into an agreement to acquire Toronto-based WPT Industrial REIT for a cash price of US$3.1 billion. That figure includes the assumption of the publicly traded Canadian REIT’s corporate debt. Under the terms of the deal, shareholders of WPT Industrial will receive US$22 for each share of common stock they own. That figure represents a premium of 17 percent over the closing price of WPT Industrial’s stock on Friday, Aug. 6, the last day of trading prior to the merger announcement. The price per share also marks a 19.5 percent premium over the Canadian REIT’s weighted average unit price for the 30-day period that ended on Aug. 6. The deal is expected to close in the fourth quarter. “Logistics continues to benefit from strong tailwinds driven by e-commerce,” says David Levine, senior managing director at Blackstone. “We look forward to expanding our logistics presence across key U.S. markets with the acquisition of this high-quality portfolio that WPT has built.” WPT Industrial owns, develops and manages warehouse and distribution facilities throughout the United States. The company’s U.S. footprint consists of 109 properties totaling approximately 37.5 million square feet of …

Continue Reading
FacebookTwitterLinkedinEmail
Company NewsNew YorkNortheast

MSCI Enters into Agreement to Acquire Real Capital Analytics for $950M

by Taylor Williams

NEW YORK CITY — MSCI (NYSE: MSCI), a New York City-based global finance firm, has entered into an agreement to acquire Real Capital Analytics (RCA) for $950 million in cash. The deal is expected to close in the late third or early fourth quarter. MSCI’s products and services include providing equity, fixed-income debt, stock market indexes and multi-asset portfolio analysis tools. Founded in 2000, New York City-based RCA provides a range of data and research services for commercial real estate owners and investors on a global basis. MSCI executives noted that the acquisition would significantly bolster the firm’s suite of real estate-based products and solutions by leveraging RCA’s platform that tracks more than $20 trillion in commercial transactions and features more than 200,000 lender and investor profiles. “With the addition of RCA’s wealth of commercial real estate data and analytics, investors will be better supported to access the opportunities that exist within this sector at scale, informed by industry-leading insights and the premier global database capturing the global commercial real estate footprint,” says Henry Fernandez, chairman and CEO of MSCI. “Our primary goal has always been to bridge the information gap between commercial real estate and other asset classes across …

Continue Reading
FacebookTwitterLinkedinEmail
LoansMassachusettsMultifamilyNew JerseyNortheast

PGIM Real Estate Provides $178M Refinancing for National Manufactured Housing Portfolio

by Taylor Williams

NEWARK, N.J. — PGIM Real Estate, the real estate investment and financing business of PGIM, has provided $178 million in fixed-rate debt for the refinancing of a national portfolio of five manufactured housing communities. The properties total 1,731 sites and are located in Massachusetts, New Jersey, Illinois and Florida. Amenities of the portfolio, which was 99 percent occupied at the time of the loan closing, include pools, fitness centers, putting greens, clubhouses, bocce ball courts and dog parks. In addition, four of the five properties feature age restrictions. The borrower was Chicago-based Hometown America. Bellwether Enterprise arranged the debt.

Continue Reading
FacebookTwitterLinkedinEmail
Bellingham-Distribution-Center
IndustrialLeasing ActivityMassachusettsNortheast

TriMark USA Signs 345,000 SF Industrial Lease in Bellingham, Massachusetts

by Taylor Williams

BELLINGHAM, MASS. — Restaurant equipment and foodservices supplier TriMark USA LLC has signed a 345,000-square-foot, full-building industrial lease at Bellingham Distribution Center, located about 40 miles southwest of Boston. Dallas-based Lincoln Property Co. developed the building, which features a clear height of 36 feet, 130-foot truck court depths and 227 car parking spaces, in partnership with global investment manager Barings. Ed Jarosz and Rick Schuhwerk of Newmark represented the tenant in the lease negotiations. Ellison Patten and James Tambone of Lincoln Property Co. represented the landlord on an internal basis.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialNew YorkNortheast

Marcus & Millichap Brokers Sale of 100,984 SF Industrial Building in Binghamton, New York

by Taylor Williams

BINGHAMTON, N.Y. — Marcus & Millichap has brokered the sale of a 100,984-square-foot industrial building in the Upstate New York city of Binghamton. The property sits on 7.3 acres and was leased to aerospace and defense firm L3 Harris on a triple-net basis at the time of sale. Adam Abushagur of Marcus & Millichap represented the seller, a private investor, in the transaction. Marcus & Millichap also procured the buyer, Spirit Realty Capital. The sales price was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMultifamilyNew YorkNortheast

Ariel Property Advisors Arranges Sale of 111-Unit Affordable Housing Portfolio in Harlem

by Taylor Williams

NEW YORK CITY — Locally based firm Ariel Property Advisors has arranged the sale of the West 135th Street LIHTC Portfolio, a collection of eight affordable housing buildings totaling 111 units in West Harlem. The portfolio also includes three retail spaces. The unit mix consists of nine studio apartments, 30 one-bedroom units, 55 two-bedroom units, 17 three-bedroom residences and one superintendent’s unit. Victor Sozio of Ariel Property Advisors brokered the deal. The buyer and seller were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
Vita-Boston
Life SciencesMarket ReportsMassachusettsNortheastNortheast Market ReportsRetail

Low Interest Rates Spearhead Uptick in Retail Investment Throughout Boston

by Taylor Williams

By Taylor Williams The business of trading retail properties is booming across the greater Boston area, and the combination of cheap capital, a desire to recoup lost business and potential changes in tax law are prompting buyers and sellers alike to transact at a frenetic pace. As is often the case in times of robust investment sales activity, low interest rates are the straw that stirs the drink. At its latest meeting in June, the Federal Reserve opted to hold the federal funds rate — the short-term rate by which lending between financial institutions is priced — at a target range of 0 to 0.25 percent. The Fed cut rates by 100 basis points to this target range in March 2020 in response to the COVID-19 outbreak and has kept them there ever since. A fiscal policy defined by record-low rates is persisting even in the face of inflation, which hit its highest mark in 13 years when the U.S. Consumer Price Index rose by 5.4 percent in June 2021 relative to June 2020. Economists have cited sustained injections of federal stimulus and relief money and elevated government spending in response to the pandemic as the key drivers of this …

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts