Northeast

Spear Street Capital Buys Lower Manhattan Office, Retail Building for $50.5M

by Taylor Williams July 13, 2026

NEW YORK CITY — San Francisco-based investment firm Spear Street Capital has purchased 76 Eighth Avenue, a 10-story office and retail building in Lower Manhattan, for $50.5 million. The 35,620-square-foot building was completed in 2022 and was fully leased at the time of sale, with Wells Fargo occupying the retail space. Andrew Scandalios, David Giancola, Vickram Jambu, Drew Isaacson and Jennifer Zelko of JLL represented the seller, G4 Capital Partners, in the transaction. Aaron Niedermayer, Peter Rotchford and Christopher Pratt, also with JLL, arranged $27.7 million in acquisition financing for the deal through DekaBank.

July 13, 2026

Acquisitions Development Multifamily New York Northeast

JLL Negotiates $25.1M Sale of Two Multifamily Development Sites in Brooklyn

by Taylor Williams July 13, 2026

NEW YORK CITY — JLL has negotiated the sale of two multifamily development sites in the Crown Heights area of Brooklyn for a combined price of $25.1 million. The sites at 1029 Dean St. and 1104 Pacific St., which traded in separate off-market deals, have a combined buildable square footage of about 129,000 square feet. Mike Mazzara, Ethan Stanton and Brendan Maddigan of JLL represented the undisclosed sellers in both transactions and procured the buyer, a partnership between Castell Group and Montgomery Street Partners. Specific plans for future development of the sites, which are earmarked for “large-scale” projects, were not disclosed.

July 13, 2026

Leasing Activity New York Northeast Office

Energy Capital Partners Signs Office Lease Expansion in Lower Manhattan

by Taylor Williams July 13, 2026

NEW YORK CITY — Energy Capital Partners has signed an office lease expansion in Lower Manhattan. The infrastructure investment firm previously occupied the entire 58th floor of One World Trade Center and has now taken the entire 59th floor, yielding a total footprint of 70,425 square feet. Eric Zemachson and Corey Borg of Newmark represented the tenant in the lease negotiations. David Falk, Peter Shimkin, Hal Stein, Nathan Kropp and Paige Raisides, also with Newmark, along with internal agents Eric Engelhardt, Karen Rose and Sayo Kamara, represented the landlord, The Durst Organization, which developed One World Trade Center in partnership with The Port Authority of New York and New Jersey

July 13, 2026

Connecticut Leasing Activity Northeast Restaurant Retail

Golf Lounge 18 Opens 7,700 SF Entertainment Venue in Stamford, Connecticut

by Taylor Williams July 13, 2026

STAMFORD, CONN. — Golf Lounge 18 has opened a 7,700-square-foot entertainment venue in the southern coastal Connecticut city of Stamford. The space is located within Atlantic Station, a mixed-use development in the downtown area, and features multiple golf simulators in addition to food-and-beverage offerings. Golf Lounge 18 now operates 11 venues nationwide. RXR owns Atlantic Station.

July 13, 2026

Affordable Housing Development Multifamily New York Northeast

Partnership Receives $217M in Construction Financing for Brooklyn Affordable Housing Project

by Taylor Williams July 10, 2026

NEW YORK CITY — A partnership between Apex Building Group and L+M Development Partners has received $217 million in construction financing for a new affordable housing project in Brooklyn. The project represents Phase III of a larger, 27-acre project known as Alafia, which is a redevelopment of the former site of the Brooklyn Developmental Center. Phase III will comprise 273 units that will be reserved for households earning 70 percent or less of the area median income. Phase III will also involve construction of a one-acre public park with a fitness loop, children’s play area and residential courtyards. Redstone Bank provided a construction loan as part of the financing package, which also includes federal and state tax credit equity, among other subsidies. Phase III construction is expected to be complete in 2029.

July 10, 2026

Acquisitions Northeast Pennsylvania Retail

Roadside Development Acquires 168,000 SF Shopping Center Near Pittsburgh

by Taylor Williams July 10, 2026

MOUNT LEBANON, PA. — Washington D.C.-based Roadside Development has acquired the Galleria at Mount Lebanon, a 168,000-square-foot shopping center located just outside of Pittsburgh. Originally constructed as a Kaufmann’s department store and converted to an indoor mall in 1988, the two-story center is home to tenants such as Anthropologie, Pottery Barn, Mitchell’s Fish Market, Panera Bread and AMC Theatres. The seller and sales price were not disclosed.

July 10, 2026

Acquisitions Healthcare New Jersey Northeast

Colliers Brokers Sale of 40,185 SF Former Veterinary Hospital in Tinton Falls, New Jersey

by Taylor Williams July 10, 2026

TINTON FALLS, N.J. — Colliers has brokered the sale of the former Red Bank Veterinary Hospital building, located at 197 Hance Ave. in the Central New Jersey community of Tinton Falls. According to LoopNet Inc., the building was constructed in 2004 and totals 40,185 square feet. Jacklene Chesler, Patrick Norris and Brittany Leventoff of Colliers represented the seller and procured the buyer in the transaction, which was executed via auction platform Ten-X. Both parties requested anonymity.

July 10, 2026

Leasing Activity New York Northeast Office

Ralph Lauren Signs 22,000 SF Office Lease Expansion in Manhattan’s West Chelsea District

by Taylor Williams July 10, 2026

NEW YORK CITY — Ralph Lauren has signed a 22,000-square-foot office lease expansion in Manhattan’s West Chelsea district. The lease term is 13 years, and the fashion designer now occupies 280,000 square feet across portions of four different floors within the building at 601 W. 26th St., which is known locally as the Starrett-Lehigh Building. Eric Deutsch of CBRE represented the tenant in the lease negotiations. Daniel Birney and Denise Rivera represented the landlord, RXR, on an internal basis.

July 10, 2026

Development Multifamily New Jersey Northeast Top Stories

Rockpoint, Urby to Develop 69-Story Apartment Tower Along Hudson River in Jersey City

by Abby Cox July 10, 2026

JERSEY CITY, N.J. — Rockpoint, a Boston-based real estate private equity firm, and Urby, a hospitality-driven multifamily developer, have formed a joint venture to develop a multifamily residential tower located along the Hudson River in Jersey City. The 69-story building, which will be known as 201 Hudson – by Urby, is expected to be delivered around mid-2029, according to various media outlets. 201 Hudson is the second phase of a larger three-tower multifamily development. The project follows Jersey City Urby, a 762-unit apartment tower delivered in 2017. The property was rebranded as Sable in 2025 after Veris Residential acquired full ownership of the building. Earlier this year, ownership transferred again to Affinius Capital following its acquisition of Veris. Urby will co-manage construction and development of 201 Hudson and will also oversee property management and leasing alongside Rockhill, Rockpoint’s property services affiliate. The project team will include New York-based architects HLW; Concrete Amsterdam; interior designer Shawn Hausman; and landscape architect Bas Smets, whose practice is responsible for the reimagined grounds of Notre-Dame Cathedral in Paris and the Mandrake Hotel in London. “The Jersey City Waterfront continues to distinguish itself as one of the most compelling multifamily submarkets in the New York …

July 10, 2026

Loans New York Northeast Office

JLL Arranges $352M Loan for Refinancing of Midtown Manhattan Office Building

by Taylor Williams July 9, 2026

NEW YORK CITY — JLL has arranged a $352 million loan for the refinancing of 425 Lexington Avenue, a 750,000-square-foot office building in Midtown Manhattan. The 31-story building occupies a full city block between 43rd and 44th streets and was 99 percent leased at the time of the loan closing. Law firm Simpson Thacher & Bartlett is the long-time anchor tenant at the building, which also recently received $35 million in capital improvements, including a new amenity center. Christopher Peck, Drew Isaacson, Christopher Pratt and Jennifer Zelko of JLL arranged the floating-rate loan, which was pre-placed entirely with funds and accounts managed by BlackRock, through Goldman Sachs. The borrower is Vanbarton Group.

July 9, 2026

Newer Posts

Older Posts