Northeast

Newmark Arranges $310M Construction Loan for Jersey City Multifamily Project

by Taylor Williams September 28, 2026

JERSEY CITY, N.J. — Newmark has arranged a $310 million construction loan for an 873-unit multifamily project in Jersey City. The project represents the first of two phases in a larger development at 547-555 Summit Ave. that will ultimately add 1,542 units to the local supply. The firs building at 555 Summit Ave. will rise 47 stories and offer studio, one- and two-bedroom units, as well as 2,300 square feet of retail space. Amenities will include a fitness center, rooftop lounge, clubroom and coworking space. Jordan Roeschlaub, Nick Scribani, Max Ralby and Dante DiStefano of Newmark arranged the financing on behalf of the borrower, Namdar Group.

September 28, 2026

Loans Multifamily New York Northeast

Benchmark Real Estate Receives $44.5M Loan for Refinancing of Manhattan Apartment Building

by Taylor Williams September 28, 2026

NEW YORK CITY — Locally based owner-operator Benchmark Real Estate Group has received a $44.5 million loan for the refinancing of a 61-unit apartment building located at 194 E. Second St. in Manhattan’s East Village. The six-story building offers a fitness center, resident lounge and landscaped courtyard in addition to 15,450 square feet of retail space that is anchored by convenience store operator Duane Reade. Michael Zaremski, John Flynn and Clayton Ross of JLL arranged the loan through Citi on behalf of Benchmark, which purchased the building in 2024 and implemented capital improvements.

September 28, 2026

Development Industrial New Jersey Northeast

FRP Development Delivers 170,800 SF Industrial Project in Hamilton, New Jersey

by Taylor Williams September 28, 2026

HAMILTON, N.J. — FRP Development Corp., a subsidiary of FRP Holdings (NYSE: FRPH) has delivered Logistics Center at Hamilton, a 170,800-square-foot industrial project in Central New Jersey. The site spans 15 acres at the intersection of I-195 and Route 130, and the building features a clear height of 36 feet, 27 dock-high loading doors, two drive-in doors, 3,000 square feet of office space and parking for 185 cars and 27 trailers. FRP developed the project in a joint venture with global real estate manager DWS. KBC Advisors is the leasing agent.

September 28, 2026

Acquisitions Development New York Northeast

Charney Cos. Buys 100,000 SF Commercial Building in Brooklyn, Plans Redevelopment

by Taylor Williams September 28, 2026

NEW YORK CITY — Charney Cos. has purchased a 100,000-square-foot commercial building in Brooklyn’s Williamsburg neighborhood for $20 million with plans to implement a redevelopment. The building at 143 Roebling St., which was vacant at the time of sale, was originally constructed in 1907 and has at times featured retail and residential uses. Ethan Stanton, Brendan Maddigan and Michael Mazzara of JLL represented the seller, Los Angeles-based Calmwater Capital, in the transaction. BH3 Fund Advisors provided acquisition financing for the deal. Charney Cos. did not disclose specific plans for the redevelopment.

September 28, 2026

Loans New York Northeast Office

New York Life Provides $386M Loan for Refinancing of Midtown Manhattan Office Building

by Taylor Williams September 25, 2026

NEW YORK CITY — New York Life Insurance has provided a $386 million loan for the refinancing of 200 Madison Avenue, a 750,000-square-foot office building in Midtown Manhattan. The 26-story building was originally constructed in 1926. Havas Health is the building’s anchor tenant via a 15-year, 254,118-square-foot lease extension and expansion that was signed in August. Other tenants include architecture practice Spectorgroup and boutique law firm BraunHagey & Borden. Jonathan Estreich, Peter Duncan and Egor Petrov of Estreich & Co., along with Adam Spies, Adam Doneger and Willis Robbins of Newmark, arranged the five-year, floating-rate loan. The borrower, George Comfort & Sons, owns the building in partnership with Loeb Partners Realty and Jamestown.

September 25, 2026

161-Concord-Road-Billerica-Massachusetts

Development Life Sciences Massachusetts Northeast

Berkeley Garbe Underway on 150,000 SF Life Sciences Project in Billerica, Massachusetts

by Taylor Williams September 25, 2026

BILLERICA, MASS. —Berkeley Garbe, a Boston-based developer that is a joint venture between Berkeley Investments and German real estate company GARBE, is underway on construction of a 150,000-square-foot life sciences project in Billerica, located northwest of the state capital. The site spans 23 acres at 161 Concord Road, and the new building will support manufacturers in industries such as aerospace, robotics, medical devices, semiconductors, computer hardware and battery technologies. Building features will include a clear height of 28 feet and 264 car parking spaces. Avison Young is the leasing agent for the project, which is expected to be complete next spring.

September 25, 2026

Development Multifamily New York Northeast

Skyline Developers Completes 97-Unit Apartment Building in Midtown Manhattan

by Taylor Williams September 25, 2026

NEW YORK CITY — New York City-based Skyline Developers has completed a 97-unit apartment building at 18 W. 55th St. in Midtown Manhattan. Designed by Morris Adjmi Architects, the 25-story building is known as 18W55 and features studio, one-, two- and three-bedroom floor plans, as well as 5,265 square feet of retail space. Amenities include a fitness and wellness center, coworking suite with private meeting rooms, a private cinema, golf simulator and entertainment suite and a social lounge. Construction began in mid-2023 and topped out in summer 2024. Leasing launched about nine months ago, and the building is now fully occupied.

September 25, 2026

Acquisitions New York Northeast Retail

Marcus & Millichap Brokers $16.2M Sale of Bronx Retail Building

by Taylor Williams September 25, 2026

NEW YORK CITY — Marcus & Millichap has brokered the $16.2 million sale of a 28,819-square-foot retail building in The Bronx. The building at 2244 Westchester Ave. was constructed in 1970 and has housed the flagship branch and corporate headquarters of Ponce Bank for the past 25 years. Steven Siegel of Marcus & Millichap represented the seller, Arc Trust, in the transaction. Judson Kauffman of Surmount (formerly NNN Pro) represented the undisclosed buyer, which acquired the property via a 1031 exchange.

September 25, 2026

Acquisitions Multifamily New Jersey Northeast

CBRE Arranges Sale of 384-Unit Apartment Community in Somerset, New Jersey

by Taylor Williams September 24, 2026

SOMERSET, N.J. — CBRE has arranged the sale of a 384-unit apartment community located in the Central New Jersey community of Somerset. The Grove at Somerset was built on 41 acres in 2013. The property features studio, one-, two- and three-bedroom units, 58 of which are designated as affordable housing. Amenities include a pool with a sundeck, resident clubhouse with a lounge area, business center, fitness center, playground and a dog park. Jeffrey Dunne, Stuart MacKenzie, Eric Apfel, Travis Langer and Eric Greenberg of CBRE represented the buyer, Los Angeles-based owner-operator TruAmerica, in the off-market transaction. The seller was Harbor Group International. The sales price was not disclosed.

September 24, 2026

Industrial Loans New York Northeast

Largo Capital Places $24M Permanent Loan for Buffalo Industrial Property

by Taylor Williams September 24, 2026

BUFFALO, N.Y. — Locally based financial intermediary Largo Capital has placed a $24 million permanent loan for a 300,000-square-foot industrial property in Buffalo. The address of the property was not disclosed, but the site is located within an “established” industrial park just south of the downtown area. The property was fully leased to a single tenant at the time of the loan closing. Jack Phillips of Largo Capital arranged the nonrecourse loan through an undisclosed CMBS lender. The borrower was also not disclosed.

September 24, 2026

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