Northeast

Partnership Completes Renovation of 371-Room Hotel in Framingham, Massachusetts

by Taylor Williams May 28, 2026

FRAMINGHAM, MASS. — A partnership between two regional hospitality firms, Colwen Hotels and XSS Hotels, has completed the renovation of a 371-room hotel in Framingham, a western suburb of Boston. Originally opened in 1975 as the Sheraton Tara Hotel and known locally as the “Castle Hotel”, the property now houses three Marriott-branded, integrated hospitality operations under the following brands: Renaissance Framingham Hotel & Conference Center, Fairfield Inn & Suites Framingham and TownePlace Suites Framingham. The renovation featured refreshed public areas, technology-forward meeting spaces and three reinvented food-and-beverage concepts, as well as updated furnishings and bathrooms in all rooms and suites.

May 28, 2026

Acquisitions Multifamily New York Northeast

Slate, Avenue Realty Buy Manhattan Apartment Building for $32M

by Taylor Williams May 28, 2026

NEW YORK CITY — A partnership between two local firms, owner-operator Slate Property Group and investment firm Avenue Realty Capital, has purchased a 16-unit apartment building in Manhattan’s Tribeca neighborhood for $32 million. The seven-story building at 45 White St. was originally constructed in 1868 as a commercial office and converted to residential use in 2009. Units come in studio, one-, two- and three-bedroom floor plans. Amenities include a fitness center and a children’s playroom. Guthrie Garvin of JLL represented the undisclosed seller in the transaction. The partnership was self-represented. White Oak Real Estate Capital financed the acquisition.

May 28, 2026

Healthcare Leasing Activity Northeast Pennsylvania

CBRE Negotiates 37,816 SF Healthcare Lease Expansion in Pittsburgh

by Taylor Williams May 28, 2026

PITTSBURGH — CBRE has negotiated a 37,816-square-foot healthcare lease expansion in Pittsburgh. The tenant, Blink Health, a New York City-based provider of digital pharmaceutical services, is expanding from 53,076 to 90,892 square feet at the 148,000-square-foot Building 5 within Penn Center West, where Blink has been a tenant since 2009. Carmine DiLucente, Michael Stuart and Danielle Lafe of CBRE represented Blink Health in the lease negotiations. Adam Viccaro, Dominika Demantova and Charlie Must, also with CBRE, represented the landlord, The Soffer Organization.

May 28, 2026

Leasing Activity New York Northeast Office

Brown Advisory Signs 34,748 SF Office Lease in Midtown Manhattan

by Taylor Williams May 28, 2026

NEW YORK CITY — Brown Advisory has signed a 15-year, 34,748-square-foot office lease in Midtown Manhattan. The global investment manager plans to relocate and expand from its space at the building at 12 E. 49th St. to the entire 27th and part of the 26th floor at 520 Madison Avenue during the fourth quarter. Cynthia Wasserberger, Michael Berg, Bobby Blair and Sofia Bruno of JLL represented the tenant in the lease negotiations. Megan Sheehan and Sam Brodsky internally represented the landlord, Tishman Speyer.

May 28, 2026

Development Massachusetts Multifamily Northeast

Garden Communities Nears Completion of 292-Unit Multifamily Project in Metro Boston

by Taylor Williams May 27, 2026

NEWTON, MASS. — Garden Communities, a New Jersey-based owner-operator, is nearing completion of Newton Crossing, a 292-unit multifamily project that will be located on the western outskirts of Boston. Newton Crossing will comprise three buildings that will house studio, one-, two- and three-bedroom units. Amenities will include a game room with billiards, conference rooms, flex lounge areas, a fitness center, golf simulator and a rooftop terrace. Marketing and leasing initiatives are now underway, although information on starting rents was not immediately available.

May 27, 2026

Acquisitions Delaware Industrial Northeast

CBRE Negotiates $6.9M Sale of Industrial Building in Wilmington, Delaware

by Taylor Williams May 27, 2026

WILMINGTON, DEL. — CBRE has negotiated the $6.9 million sale of a 100,000-square-foot industrial building in Wilmington. The facility was built on a 5.9-acre site at 701 Garasches Lane between 1994 and 2002. Dan Reeder, Dan Rattay and Colby Reeder of CBRE represented the seller, Fibre Processing Corp., in the transaction. The buyer, Shaw Real Estate, plans to implement capital improvements such as new interior and exterior paint, new LED lighting throughout the building and site repaving.

May 27, 2026

Acquisitions Northeast Pennsylvania Retail

CenterSquare Buys 32,242 SF Shopping Center in Warrington, Pennsylvania

by Taylor Williams May 27, 2026

WARRINGTON, PA. — CenterSquare Investment Management has purchased a 32,242-square-foot, unanchored shopping center in Warrington, located north of Philadelphia. Built in 2015, Valley Gate Shopping Center is home to tenants such as Sport Clips, T‑Mobile, Visionworks, Crumbl Cookies and Buffalo Wild Wings. Chris Munley, Colin Behr, Ryan Sciullo, Casey Benson Smith and R.J. Mirabile of CBRE represented CenterSquare in the deal. Gregory Bianchi of US Realty Associates represented the seller, Metro Development Co.

May 27, 2026

Leasing Activity New York Northeast Office

BrightTower Signs 13,857 SF Office Lease in Midtown Manhattan

by Taylor Williams May 27, 2026

NEW YORK CITY — BrightTower has signed a 13,857-square-foot office lease in Midtown Manhattan. The local investment bank and capital markets advisory firm will relocate and expand from its space at 110 E. 25th St. to the entire 32nd floor of 41 Madison Avenue, a 42-story, 560,000-square-foot building, during the second quarter. Neil King and Alexander Golod of CBRE represented BrightTower in the lease negotiations. Robert Steinman internally represented the landlord, Rudin.

May 27, 2026

Millyard-at-Meadow-Commons-Newinngton-Connecticut

Acquisitions Connecticut Multifamily Northeast

IPA Brokers Sale of 269-Unit Apartment Complex in Newington, Connecticut

by Taylor Williams May 26, 2026

NEWINGTON, CONN. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of Millyard at Meadow Commons, a 269-unit apartment complex in Newington, a southern suburb of Hartford. Built in 2025, the property features studio, one-, two- and three-bedroom units and amenities such as a pool, outdoor grilling and dining stations, resident lounge and a game room. Victor Nolletti, Eric Pentore and Wes Klockner of IPA represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

May 26, 2026

Loans Multifamily New York Northeast

Black Bear Capital Arranges $39M Loan for Refinancing of Long Island Apartment Complex

by Taylor Williams May 26, 2026

CENTRAL ISLIP, N.Y. — Black Bear Capital Partners (BBCP) has arranged a $39 million loan for the refinancing of Villas at Eastview, a 100-unit apartment complex located in the Long Island community of Central Islip. The property consists of 11 buildings on an 8.6-acre site. Units exclusively come in two-bedroom floor plans and have an average size of 1,295 square feet. Emil DePasquale and Robert Serra of BBCP arranged the loan, which carries a seven-year term, fixed interest rate and a 60 percent loan-to-value ratio, through New York Life Insurance on behalf of the owner, The Crest Group.

May 26, 2026

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