Northeast

Cronheim Arranges $40M Construction Loan for Hotel, Condo Project in State College, Pennsylvania

by Taylor Williams March 30, 2026

STATE COLLEGE, PA. — An affiliate of New Jersey-based intermediary Cronheim Mortgage has arranged a $40 million construction loan for a 70-room hotel and condo project in State College. The site is located at the gateway to Penn State University’s campus, and the building will include ground-floor retail space. Residences/hotel rooms will feature premium finishes, and residents will have access to 24/7 security, concierge and housekeeping services, as well as use of a fitness center. An undisclosed national lender provided the nonrecourse loan to the borrower, which also requested anonymity.

March 30, 2026

Acquisitions Connecticut Northeast Retail

IPA Brokers $15.4M Sale of Shopping Center in Derby, Connecticut

by Taylor Williams March 30, 2026

DERBY, CONN. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the $15.4 million sale of Derby Shopping Center, a 170,683-square-foot shopping center located about eight miles west of New Haven. Built in phases from 1985 to 2023 and anchored by Lowe’s Home Improvement, the center is also home to tenants such as Splash Car Wash, Webster Bank and Dunkin.’ Jim Koury of IPA, along with Henry McKenney and John Krueger of Marcus & Millichap, represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

March 30, 2026

Acquisitions Development Multifamily New Jersey Northeast Seniors Housing

Hudson Atlantic Negotiates $9.2M Sale of Multifamily Development Site in Paramus, New Jersey

by Taylor Williams March 30, 2026

PARAMUS, N.J. — Regional brokerage firm Hudson Atlantic Realty has negotiated the $9.2 million sale of a multifamily development site in the Northern New Jersey community of Paramus. The 9.9-acre site at 731 Pascack Road is fully approved for the development of a 162-unit, age-restricted project that will be known as The Residences at Joy Farms. Units will come in one- and two-bedroom floor plans, and amenities will include a fitness center, bar/kitchen area and indoor/outdoor social spaces. Adam Zweibel of Hudson Atlantic brokered the deal. The buyer and seller were not disclosed.

March 30, 2026

Leasing Activity New York Northeast Office

Watershed Technology Signs 15,180 SF Office Lease in Manhattan’s NoHo District

by Taylor Williams March 30, 2026

NEW YORK CITY — Watershed Technology Inc. has signed a 15,180-square-foot office lease in Manhattan’s NoHo district. The provider of software that tracks sustainability data will occupy the entire fifth floor at 440 Lafayette Street, which is part of a larger, three-building complex. Sacha Zarba and Conor Krup of CBRE represented the tenant in the lease negotiations. Robert Silver, Anthony Sciacca and Brittany Silver of Newmark, along with internal agent Neith Stone, represented the landlord, GFP Real Estate.

March 30, 2026

Development Multifamily New York Northeast

Lendlease Welcomes First Residents To 834-Unit Apartment Community in Brooklyn

by Taylor Williams March 27, 2026

NEW YORK CITY — Lendlease has welcomed the first residents to The Riverie, an 834-unit apartment community in the Greenpoint neighborhood of Brooklyn. Spanning an entire city block along the East River, The Riverie comprises two towers that rise 37 and 20 stories, as well as a mid-rise podium with frontages along India, West and Java streets. Residences range from studios to three bedrooms, including select penthouses and townhomes. Of the total unit count, 30 percent of residences are designated as affordable housing. The development also features 13,000 square feet of retail and restaurant space, Class A amenities and new public green space. Marvel was the project architect. Rents start at roughly $3,800 per month for a studio apartment. The Riverie was capitalized in late 2022. Construction began in spring 2023 and topped out in fall 2024, at which point the project was known as 1 Java Street.

March 27, 2026

Hospitality Loans New Jersey Northeast

Cronheim Arranges $13.2M Loan for Refinancing of Northern New Jersey Hotels

by Taylor Williams March 27, 2026

WOODBRIDGE, N.J. — The hotel division of local financial intermediary Cronheim Mortgage has arranged a $13.2 million loan for the refinancing of two hotels in the Northern New Jersey community of Woodbridge. The 101-room Comfort Suites was built in 1998, and the 90-room Fairfield Inn & Suites was built in 2003. David Turley led the Cronheim team that secured the five-year, fixed-rate loan through an undisclosed bank. The undisclosed borrower plans to use a portion of the proceeds to convert the Comfort Suites property into a 96-room TownePlace Suites hotel.

March 27, 2026

Acquisitions Industrial New Jersey Northeast

Sitex Group Buys 26,000 SF Warehouse in Monroe Township, New Jersey

by Taylor Williams March 27, 2026

MONROE TOWNSHIP, N.J. — New Jersey-based private equity real estate firm Sitex Group has purchased a 26,000-square-foot warehouse in Monroe Township, located outside of Trenton in Central New Jersey. The building sits on a 5.2-acre site at 30 Abeel Road and offers a clear height of 36 feet and outdoor storage space. Mike Kimmel of KBC Advisors brokered the deal. The seller and sales price were not disclosed. KBC Advisors has also been retained as the leasing agent.

March 27, 2026

Leasing Activity New York Northeast Retail

Hero’s Journey to Open 19,500 SF Flagship Gym in Midtown Manhattan

by Taylor Williams March 27, 2026

NEW YORK CITY — Hero’s Journey, a technology-driven fitness concept, will open a 19,500-square-foot flagship gym in Midtown Manhattan. The space spans 1,500 square feet on the ground floor and 18,000 square feet on the lower level of the retail condo at 225 Fifth Ave. Jesse Wolff and Matthew Schuss of JLL represented the landlord, CIM Group, in the lease negotiations in conjunction with the owner’s in-house leasing team. Cassie Durand and Aylin Gucalp of CBRE represented Hero’s Journey. An opening date was not announced.

March 27, 2026

Acquisitions Industrial Midwest Northeast Pennsylvania Southeast Texas Top Stories Western

EQT Real Estate Sells 7.3 MSF Logistics Portfolio Across 12 Markets

by Abby Cox March 27, 2026

RADNOR, PA. AND LOS ANGELES — EQT Real Estate, on behalf of its EQT Real Estate Industrial Core-Plus Fund II, has sold a 36-property logistics portfolio totaling 7.3 million square feet across 12 markets. A real estate investment fund managed by Los Angeles-based Ares Management acquired the portfolio for $650 million, according to various media outlets. Marq Logistics, an affiliate of Ares Management, will manage the properties on behalf of the new ownership. “This transaction highlights EQT Real Estate’s strength in creating and realizing value across the investment lifecycle,” says Matthew Brodnik, global chief investment officer at EQT Real Estate. “The team combined thoughtful portfolio construction with EQT Real Estate’s differentiated hands-on active management to build a portfolio with strong underlying fundamentals, enhance its performance and ultimately deliver an outcome that reflects its quality and future potential.” The portfolio spans distribution markets such as Chicago, Phoenix, Dallas, Atlanta, North Carolina, South Carolina, Southern California, Memphis, Columbus and Cincinnati. The properties are more than 95 percent leased to various tenants active in e-commerce, distribution, food-and-beverage and light manufacturing sectors. Amenities throughout the portfolio include 31-foot clear heights, cross-deck and rear-load configuration, truck courts and significant parking accommodations. John Huguenard, Trent Agnew, and …

March 27, 2026

Acquisitions Multifamily New York Northeast

Atlas Capital Group Buys 130-Unit Apartment Building in Manhattan’s East Village

by Taylor Williams March 26, 2026

NEW YORK CITY — New York-based investment firm Atlas Capital Group has purchased a 130-unit apartment building in Manhattan’s East Village. The 13-story building at 250 E. Houston St., which according to StreetEasy offers studio, one- and two-bedroom units, also houses 9,000 square feet of commercial space. Approximately 75 percent of the units have private balconies. Amenities include a rooftop terrace, landscaped courtyard spaces, an athletic club and a tenant lounge. Rob Hinckley and Jeff Julien of JLL brokered the deal. The seller and sales price were not disclosed.

March 26, 2026

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