Northeast

Partnership Acquires 607-Room InterContinental New York Times Square Hotel

by Taylor Williams December 12, 2025

NEW YORK CITY — A partnership between two hospitality owner-operators, Gencom and Highgate, as well as New York City-based investment firm Argent Ventures, has acquired the 607-room InterContinental New York Times Square hotel in Midtown Manhattan. According to Hospitality Investor and The New York Business Journal, the sales price was $230 million. The 34-story hotel offers approximately 20,000 square feet of meeting and event space, multiple onsite food-and-beverage options and a 24-hour fitness center. The new ownership plans to renovate guestrooms, public spaces and dining venues. Eastdil Secured represented the seller, a joint venture between Tishman Speyer and MetLife Investment Management, in the transaction and arranged acquisition financing for the deal through Monroe Capital.

December 12, 2025

Acquisitions Multifamily New York Northeast

Cushman & Wakefield, Pyramid Arrange $36.7M Sale of Upstate New York Apartment Community

by Taylor Williams December 12, 2025

GRAND ISLAND, N.Y. — Cushman & Wakefield and Pyramid Brokerage Co. have arranged the $36.7 million sale of Country Glenn, a 336-unit apartment community in Grand Island, located just outside of Buffalo. According to Apartments.com, the property was built in 1974 and offers studio, one- and two-bedroom units that range in size from 425 to 1,340 square feet. Berkley Properties sold Country Glenn to NBM Equities. Niko Nicolaou, Ryan Dowd, Peter Welch, J.P. Hohl and Alexandria Russo Ebers, in collaboration with Pyramid’s Jonathan Weinstein and Robert Stewart, brokered the deal on behalf of both parties. John Alascio, Brad Domenico, Brian Anderson and Chuck Kohaut of Cushman & Wakefield arranged acquisition financing for the transaction.

December 12, 2025

Acquisitions Industrial Massachusetts Northeast

Sagard Real Estate Buys Metro Boston Warehouse for $17.8M

by Taylor Williams December 12, 2025

WOBURN, MASS. — Denver-based investment firm Sagard Real Estate has purchased a 66,970-square-foot warehouse located at 8 Roessler Road in Woburn, a northern suburb of Boston, for $17.8 million. The front-load building, which features a clear height of 24 feet, two dock-high doors and 55 car parking spaces, has housed the headquarters of Atlantic Plywood Corp. since 1987. Michael Restivo, David Coffman and Tommy Hovey of JLL represented the seller, a joint venture between Oliver Street Capital and Bain Capital Real Estate, in the transaction.

December 12, 2025

Acquisitions New Jersey Northeast Retail

Marcus & Millichap Brokers $7.8M Sale of Retail Strip Center in Union City, New Jersey

by Taylor Williams December 12, 2025

UNION CITY, N.J. — Marcus & Millichap has brokered the $7.8 million sale of a 22,000-square-foot retail strip center in the Northern New Jersey community of Union City. The center was fully leased at the time of sale to a pharmacy, laundromat and a physical therapy user. Alan Cafiero, Brent Hyldahl and Devin Perez of Marcus & Millichap represented the seller in the transaction. The team also procured the buyer in conjunction with Marcus & Millichap’s Dean Matuszewicz. Both parties requested anonymity.

December 12, 2025

Industrial Leasing Activity New Jersey Northeast

Resource Realty Secures 15,005 SF Industrial Lease in East Hanover, New Jersey

by Taylor Williams December 12, 2025

EAST HANOVER, N.J. — Resource Realty of Northern New Jersey (RRNNJ) has secured a 15,005-square-foot industrial lease in East Hanover, about 25 miles west of New York City. The tenant, Tri-State Cleaning and Restoration, will occupy space at 906 Murray Road, which is located within the 1.2 million-square-foot Ridgedale Industrial Park. Tom Consiglio and Scott Peck of RRNNJ represented the undisclosed landlord in the lease negotiations. Brian Wilson, also with RRNNJ, represented the tenant.

December 12, 2025

Loans Multifamily New York Northeast

BlueGate Partners Arranges $104M in Financing for Apartment Complex in Lynbrook, New York

by Taylor Williams December 11, 2025

LYNBROOK, N.Y. — Regional brokerage and debt advisory firm BlueGate Partners has arranged $104 million in financing of The Langdon, a newly built, 201-unit apartment complex located in the Long Island community of Lynbrook. Located at 47 Broadway, The Langdon is a redevelopment of the former Mangrove Feather factory and consists of 55 studios, 111 one-bedroom units and 35 two-bedroom apartments, as well as 2,000 square feet of ground-floor retail space. Amenities include a lobby café, concierge services, rooftop terrace with skyline views, landscaped courtyard, resident lounge with billiards, a fitness center and work-from-home stations. Lee Spiegelman, Mark DeLillo, Marc Schulder, Felipe Marin and Brian Bernier of BlueGate arranged the debt on behalf of the owner, a partnership between Breslin Realty Development Corp. and Fields Grade Development. The direct lender was not disclosed.

December 11, 2025

Affordable Housing Development Multifamily New York Northeast

Gilbane to Develop 266-Unit Affordable Housing Project in The Bronx

by Taylor Williams December 11, 2025

NEW YORK CITY — Gilbane Development will build a 266-unit affordable housing project in The Bronx. Designed by Aufgang Architects and developed on the site of a former parking lot, 860 Concourse Village East will be a two-building project with 148 studios, 60 one-bedroom units, 47 two-bedroom residences and 11 three-bedroom apartments. Information on rent restrictions was not disclosed. Amenities will include a fitness center, laundry and package rooms, recreational lounge, an outdoor courtyard and a social services suite with offices and a conference room. The project will also feature a 7,818-square-foot commercial space that will be occupied by the Institute for Community Living. Construction is scheduled to begin next year and to be complete sometime in 2027.

December 11, 2025

Acquisitions Multifamily New Jersey Northeast

HarborPoint Residential Buys Apartment Complex in Metuchen, New Jersey, for $8M

by Taylor Williams December 11, 2025

METUCHEN, N.J. — HarborPoint Residential has purchased a 22-unit apartment complex in the Central New Jersey community of Metuchen for roughly $8 million. The building at 22 Center St. is located in the downtown area and comprises 19 market-rate units and three affordable units. Amenities include a gym, storage lockers and a rooftop terrace. The DiOrio Commercial Team at Berkshire Hathaway HomeServices Fox & Roach’s Commercial Division represented the seller and developer, Ramani Group, in the deal.

December 11, 2025

Leasing Activity New York Northeast Office

Law Firm Signs 18,820 SF Office Lease at 500 Park Avenue in Midtown Manhattan

by Taylor Williams December 11, 2025

NEW YORK CITY — Law firm Rottenstreich Farley Bronstein Fisher Potter & Hodas LLP has signed an 18,820-square-foot office lease at 500 Park Avenue in Midtown Manhattan. The space spans the entire eighth floor of the 201,000-square-foot building, which is also home to tenants such as Vera Wang, Tom Ford Fashion and The Georgetown Co. Benjamin Blumenthal and Ralph Chattah of Noah & Co. represented the law firm in the lease negotiations. The landlord, SL Green, was self-represented.

December 11, 2025

Leasing Activity New York Northeast Office

Ha Kibbutz to Open 17,610 SF Coworking Space in Midtown Manhattan

by Taylor Williams December 11, 2025

NEW YORK CITY — Ha Kibbutz will open a 17,610-square-foot coworking space at 151 W. 26th St. in Midtown Manhattan. The lease term is 16 years, three months. The space will span the entire sixth floor of the 12-story, 197,336-square-foot building, which was originally constructed in 1912, and will be built out over the next few months. Max Koeppel represented the landlord, Koeppel Rosen, in the lease negotiations on an internal basis. Eric Siegel of LSL Advisors represented Ha Kibbutz.

December 11, 2025

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