Thursday, November 6, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Northeast

One-Oxford-Centre-Pittsburgh
AcquisitionsNortheast

Rugby Realty Buys 1 MSF Office Tower in Downtown Pittsburgh

by Taylor Williams

PITTSBURGH — A group of investors led by local investment firm Rugby Realty has purchased One Oxford Centre, a 45-story office tower located at 301 Grant St. in downtown Pittsburgh. The 1 million-square-foot building occupies two city blocks and was 65 percent leased at the time of sale to tenants such as PwC and law firms Clark Hill and Pietragallo Gordon Alfano Bosick & Raspanti. Amenities include a full-service health/business club and a multi-level, 850-space parking garage. John Pelusi, Claudia Steeb, Nick Unkovic and Zach Barone of JLL arranged a three-year bridge loan of an undisclosed amount for the acquisition of the property through Dollar Bank.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMultifamilyNorthmarqPennsylvania

Northmarq Provides $19.2M Agency Loan for Refinancing of Apartment Complex in Hershey, Pennsylvania

by Taylor Williams

HERSHEY, PA. — Northmarq has provided a $19.2 million Fannie Mae loan for the refinancing of Rosedale Apartments, a 160-unit apartment complex in Hershey, located just outside of Harrisburg. Built on 30 acres in 1972, Rosedale offers one- and two-bedroom units and amenities such as a pool, fitness center, dog park, tennis court and common green spaces. John Banas and Kris Wood of Northmarq originated the 10-year loan on behalf of the borrower, locally based investment firm Boyd Wilson.

Continue Reading
FacebookTwitterLinkedinEmail
HospitalityLoansNew YorkNortheast

Mag Mile Capital Arranges $14.5M CMBS Loan for Marriott-Branded Hotel in Rochester

by Taylor Williams

ROCHESTER, N.Y. — Mag Mile Capital, a Chicago-based commercial mortgage banking firm, has arranged a $14.5 million CMBS loan for a 210-room, Marriott-branded hotel in Rochester. The hotel was built in 1979 and is located near Rochester International Airport. The five-year, nonrecourse loan carried a 65 percent loan-to-value ratio and a 30-year amortization schedule with two years of interest-only payments. Prabhat Jayara of Mag Mile Capital originated the loan through Morgan Stanley on behalf of the borrower, Sai Global Investments.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMultifamilyNew YorkNortheast

Haussmann Development Begins Leasing 76-Unit Apartment Complex in Brooklyn

by Taylor Williams

NEW YORK CITY — Haussmann Development has begun leasing The Eve, a 76-unit apartment complex in the Crown Heights area of Brooklyn. The Eve features studio, one- and two-bedroom units, 23 of which are reserved as affordable housing, and select residences offer private balconies. Amenities include a rooftop deck with grilling stations, fitness center, children’s play area, clubroom and a pet washing station. Rents start at about $3,100 per month for a studio apartment. Haussmann has also received a $40.7 million loan from ACRES Capital for the refinancing of the property’s construction debt. Alan Blank, Zach Kraft and Gideon Gil of Cushman & Wakefield arranged that loan.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityNew YorkNortheastOffice

Ogletree Deakins Signs 18,000 SF Office Lease at Rockefeller Center in Manhattan

by Taylor Williams

NEW YORK CITY — Ogletree Deakins has signed an 18,000-square-foot office lease at Rockefeller Center in Manhattan. The law firm is relocating and expanding its headquarters from 599 Lexington Ave. to the 24th floor of the 31-story building at 1270 Avenue of the Americas. Michael Berg, Sofia Bruno, Elizabeth Cooper and Brendan Dwyer of JLL represented Ogletree Deakins in the lease negotiations. Blythe Kinsler and Kate Walker internally represented the landlord, Tishman Speyer.

Continue Reading
FacebookTwitterLinkedinEmail
Avalon-Wesmont-Station-Wood-Ridge-New-Jersey
AcquisitionsLoansMultifamilyNew JerseyNortheastTop Stories

JLL Brokers $161.5M Sale of Northern New Jersey Apartment Community

by Taylor Williams

WOOD-RIDGE, N.J. — JLL has brokered the $161.5 million sale of Avalon at Wesmont Station, a 406-unit apartment community located at 100 Rosie Square in Wood-Ridge, about 15 miles west of Manhattan. Avalon at Wesmont Station was built in 2012-2013 and offers one-, two- and three-bedroom units with an average size of 959 square feet. Amenities include a pool, outdoor grilling and dining stations, resident clubroom with workstations and a fitness center. The property also houses 18,000 square feet of ground-floor retail space that is fully leased. Jose Cruz, Steve Simonelli, Michael Oliver, Elizabeth DeVesty and Austin Pierce of JLL represented the seller, Virginia-based REIT AvalonBay Communities Inc. (NYSE: AVB), in the transaction. The buyer was New York-based Cammeby’s International Group. Ryan Koehler of NewPoint Real Estate Capital originated a $112 million Freddie Mac acquisition loan, which carried a 10-year term and six years of interest-only payments, for the deal. “The sale of Avalon at Wesmont Station demonstrates the continued investor appetite for well-located, institutional-quality multi-housing assets in strong suburban markets near New York City,” says Cruz. “This property’s strategic location, coupled with its value-add potential through unit renovations, made it an attractive investment opportunity in today’s market.” The apartment …

Continue Reading
FacebookTwitterLinkedinEmail
Pioneer-Woods-Lancaster-Pennsylvania
LoansMultifamilyNortheastNorthmarqPennsylvania

Northmarq Provides $20.1M Agency Loan for Refinancing of Apartment Complex in Lancaster, Pennsylvania

by Taylor Williams

LANCASTER, PA. — Northmarq has provided a $20.1 million Fannie Mae loan for the refinancing of Pioneer Woods, a 160-unit apartment complex in Lancaster, about 80 miles west of Philadelphia. Built on 30 acres in 1974, Pioneer Woods offers one-, two- and three-bedroom apartments, as well as two-bedroom townhomes. Amenities include two playgrounds, a grilling and picnic area, pet stations and common green spaces. John Banas and Kris Wood of Northmarq originated the 10-year loan on behalf of the borrower, locally based investment firm Boyd Wilson.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialNew JerseyNortheastOffice

CBRE Brokers $12.7M Sale of Industrial, Office Complex in Rockaway, New Jersey

by Taylor Williams

ROCKAWAY, N.J. — CBRE has brokered the $12.7 million sale of Pine Street Commons, an industrial and office complex located in the Northern New Jersey community of Rockaway. The property consists of six buildings on a 17-acre site. According to LoopNet Inc., the property was built in 1955 and totals 63,050 square feet. Charles Berger and Jeffrey Babikian of CBRE represented the seller and procured the buyer, both of which requested anonymity, in the transaction. Pine Street Commons was approximately 95 percent leased at the time of sale.

Continue Reading
FacebookTwitterLinkedinEmail
HospitalityLoansMassachusettsNortheast

EagleBridge Capital Arranges $10.8M Loan for Refinancing of Central Massachusetts Hotel

by Taylor Williams

AUBURN, MASS. — Boston-based mortgage banking firm EagleBridge Capital has arranged a $10.8 million loan for the refinancing of an 82-room Hampton Inn hotel in Auburn, located just outside of Worcester in Central Massachusetts. Rooms contain king or double queen beds, microwaves, refrigerators and coffeemakers, and amenities include an indoor pool, fitness room, meeting room, business center and complimentary breakfast. Ted Sidel of EagleBridge Capital arranged the 10-year loan, which carries a fixed interest rate and a 30-year amortization schedule. The borrower and direct lender were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
Affordable HousingDevelopmentMultifamilyNew JerseyNortheast

Walters Completes Lease-Up of 50-Unit Affordable Housing Project in Holmdel, New Jersey

by Taylor Williams

HOLMDEL, N.J. — Locally based developer Walters has completed the lease-up of Cornerstone at Holmdel, a 50-unit affordable housing project in Central New Jersey. The property consists of three buildings at 461 Middle Road that house one-, two- and three-bedroom units that are reserved for renters earning 60 percent or less of the area median income. Amenities include a fitness center, playground, outdoor grilling and dining stations and an onsite social services coordinator. Walters completed Cornerstone at Holmdel last summer, and the property is now fully occupied.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts