NEW YORK CITY — SL Green Realty Corp. (NYSE: SLG) has sold 110 Greene Street, a 223,000-square-foot office building in Lower Manhattan, for $226 million. The 13-story building was originally constructed as two structures by New York City merchant Charles “Broadway” Rouse between 1908 and 1920 and later combined into a single structure that is known locally as The SoHo Building. Tenants include Avoro Capital, Birkenstock and apparel retailer UNTUCKit. Gary Phillips, Will Silverman and Carly Shoulberg of Eastdil Secured Savills advised SL Green on the transaction. The buyer was not disclosed.
NEW YORK CITY — McDermott Will & Schulte has signed a 150,000-square-foot office lease in Midtown Manhattan. The global law firm will occupy the entirety of floors 31 through 37 at 343 Madison Avenue, a 46-story, 930,000-square-foot building that is currently under construction. The firm’s footprint will encompass some 330 offices and will include an outdoor terrace. Occupancy is slated for fall 2029. BXP, the REIT formerly known as Boston Properties, owns 343 Madison. No third-party brokers were involved in the lease negotiations.
ELMWOOD PARK, N.J. — A partnership between two locally based investment firms, The STRO Cos. and KRE Group, has acquired a portfolio of three industrial buildings totaling approximately 120,000 square feet in the Northern New Jersey community of Elmwood Park. The buildings are situated on a combined 7.4 acres at the intersection of I-80 and the Garden State Parkway. Both buildings feature clear heights of 20 feet. The partnership plans to reposition one of the buildings to support industrial outdoor storage use. IDB financed the acquisition. The seller and sales price were not disclosed.
NEW YORK CITY — Marcus & Millichap has brokered the $5 million sale of a 35-unit apartment building in Upper Manhattan. The five-story building at 120 Haven St. houses six one-bedroom units, 25 two-bedroom residences and four three-bedroom apartments. Seth Glasser, Michael Fusco, Christopher Mehran and Jacob Kahn of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction. Kahn also secured acquisition financing for the deal.
CHINO HILLS, CALIF. — Waterton has purchased Reserve at Chino Hills, a multifamily property in Chino Hills. Terms of the transaction were not disclosed. Situated on 20 acres at 4200 Village Drive, the garden-style community features 46 residential buildings and a clubhouse. Reserve at Chino Hills, built in 1987, offers 482 studio, one- and two-bedroom floor plans with in-unit washers/dryers and private patios and balconies. The property’s townhomes component, which was built in 2024, offers residents three-bedroom configurations. Community amenities include three outdoor pools, three hot tubs, an outdoor lounge area with a fireplace and TV, a grilling and picnic area, a dog park and playground. The clubhouse, built in 2018, includes a fitness center, children’s room, well-appointed lounge, game room and coworking spaces. Waterton plans to renovate the residences to a modern finish level with new flooring, stainless steel appliances, quartz countertops, cabinet upgrades, lighting and plumbing fixtures, hardware and backsplashes. Additionally, Waterton plans to refresh fixtures and furnishings while contemplating a reconfiguration of underutilized spaces to maximize the resident experience.
PHOENIX — Foundation 8 has received a $44.5 million loan secured by the office component of 333 N. Central Avenue, a mixed-use tower in downtown Phoenix. Hilco Group Real Estate Capital structured the first mortgage financing to refinance existing acquisition financing and provide additional capital to support leasing costs, tenant improvements, capital improvements and other costs associated with the execution of Foundation 8’s business plan. New York-based Sterling Realty Capital acted as debt placement agent and financing advisor to Foundation 8 in connection with the transaction. Adi Bedi of Sterling Realty Capital led the financing assignment and worked closely with Foundation 8 and the Hilco Global practice throughout the structuring, underwriting and closing process. Built in 2010, the property comprises 246,490 square feet of office space across the top eight floors of the tower, 2,522 square feet of ground-floor retail space, rooftop amenity rights and shared access to the building’s parking structure. A separately owned 242-key Westin Hotel occupies the middle portion of the building. The financing will support the repositioning of the office space from a historically single-tenant corporate headquarters into a multi-tenant office property. Foundation 8 purchased the office component in December 2025. Originally purpose-built for Freeport-McMoRan, the …
SANTA CRUZ, CALIF. — MidPen Housing has completed and opened Jessie Street Terrace, an affordable housing redevelopment in Santa Cruz. Formerly a 14-room hotel, Jessie Street is now comprised of 50 studio and one-bedroom permanent supportive housing units reserved for tenants earning between 20 and 50 percent of the area median income. About half of the apartments are reserved for veterans, while others are set aside for people who have previously experienced homelessness. MidPen Property Management manages the asset. Through partnerships with Palo Alto Veterans Affairs and the County of Santa Cruz Health Services Agency, residents have access to on-site services, programs and case management. The architect was The Paul Davis Partnership, and the builder was Devcon Construction.
PROVO, UTAH — PSRS has arranged $6.3 million in refinancing for a self-storage facility in Provo. The 130,510 rentable square-foot property offers 725 self-storage units that were 65 percent occupied at the time of refinancing. William DeFanti of PSRS secured the financing, which delivers significant cash-out proceeds alongside a 30-year amortization schedule. The borrower was undisclosed.
CARMEL, IND. AND MIAMI BEACH, FLA.— Starwood Capital Group and Trinitas Ventures have formed a joint venture to develop three student housing communities totaling 2,046 beds. Projects include Atmosphere Pittsburgh, a 672-bed development located at 217 Halket St. near Carnegie Mellon University in the city’s Oakland neighborhood; Atmosphere Norman, a 677-bed project located at 310 East Boyd St. near the University of Oklahoma in Norman; and Atmosphere on Mifflin, a 697-bed development located at 619 West Mifflin St. near the University of Wisconsin-Madison campus. All three communities are scheduled for completion in summer 2028. Ryan Lang led Newmark’s student housing team in arranging the joint venture. Trinitas Ventures is headquartered in Carmel, and Starwood Capital Group is headquartered in Miami Beach.
CHICAGO — Fengate Asset Management and Mavrek Development have broken ground on Julep West Loop, a 25-story apartment tower in Chicago’s West Loop neighborhood. The development will include 380 units, including 76 affordable units, alongside more than 21,500 square feet of commercial space to be anchored by an international grocery store. Amenities will include a rooftop pool with cabanas, outdoor fire pits, a fitness center, pickleball court, half-court basketball court, dog run and grooming facilities, resident lounges, 24-hour concierge service, bike storage and electric vehicle charging stations. Skender is serving as general contractor, and Eckenhoff Saunders is the architect. Construction is expected to take 21 months, with first occupancy anticipated in early 2028. John Parrett of CBRE arranged a $130.4 million construction loan through Affinius Capital LLC for the development.