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LoansNew YorkNortheastRetail

Bally’s Receives $560M in Financing for Casino, Resort Project in The Bronx

by Taylor Williams

NEW YORK CITY — Bally’s Corp. (NYSE: BALY) has received $560 million in financing for its new casino and resort project in The Bronx. Los Angeles-based WhiteHawk Capital Partners provided the financing, which consists of $400 million in “closing date term loan commitments” and $160 million in “delayed draw term loan commitments.” According to Casino.org, the Rhode Island-based gaming and entertainment operator secured the casino license from the State of New York in late 2025 and subsequently acquired 16 acres in The Bronx for the casino and resort, land that was previously part of the Trump Golf Links at Ferry Point. Citizens Capital Markets served as financial advisor to Bally’s on the transaction, which is expected to close before the end of the current quarter.

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DevelopmentIndustrialNortheastPennsylvania

Nokia to Undertake $30M Expansion of Lehigh Valley Semiconductor Facility

by Taylor Williams

UPPER MACUNGIE, PA. — Nokia will undertake a $30 million expansion of its photonic semiconductor advanced test and packaging facilities and operations within the Lehigh Valley city of Upper Macungie. The initiative is expected to create about 250 new jobs, effectively doubling the Finnish telecommunications company’s regional workforce, and to account for an estimated economic impact of $500 million over the next five years. According to Lehigh Valley Live, the investment will allow for Nokia to increase production capacity at its Upper Macungie facility by a factor of 10, and the company has also leased additional industrial space for “future product development and logistics.”

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1-Corporate-Drive-Andover-Massachusetts
Leasing ActivityLife SciencesMassachusettsNortheast

AdvanCell Signs 128,000 SF Life Sciences Lease in Andover, Massachusetts

by Taylor Williams

ANDOVER, MASS. — AdvanCell has signed a 128,000-square-foot life sciences lease in the northern Boston suburb of Andover. The clinical-stage radiopharmaceutical company will occupy the entirety of the building at 1 Corporate Drive, which is located within Innovation Park, a 340,000-square-foot development. The deal brings Phase II of Innovation Park, which is owned by life sciences REIT IQHQ, to full occupancy. Information on third-party brokers who were involved in the lease negotiations was not disclosed.

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Leasing ActivityNew JerseyNortheastRetail

NRG Adventure Park to Open 59,000 SF Entertainment Venue in Paramus, New Jersey

by Taylor Williams

PARAMUS, N.J. — NRG Adventure Park will open a 59,000-square-foot entertainment venue in the Northern New Jersey community of Paramus. The space is located above a 100,000-square-foot grocery store at Paramus Park South shopping center and will house a ropes course, trampolines, a climbing wall and virtual-reality games. Jamie Sackheim of TSCG represented the landlord, a joint venture led by Heidenberg Properties Group, in the lease negotiations. Jerry Welkis and Stephan Miller of Welco Realty represented NRG.

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LoansMultifamilyNew YorkNortheast

JLL Arranges $60.5M Acquisition Loan for Brooklyn Multifamily Portfolio

by Taylor Williams

NEW YORK CITY — JLL has arranged a $60.5 million acquisition loan for a portfolio of two multifamily buildings totaling 93 units in the Williamsburg area of Brooklyn. The buildings at 227 and 456 Grand St. were constructed between 2009 and 2014 and house a mix of market-rate, rent-stabilized and affordable housing units, as well as 22,700 square feet of retail space. Michael Zaremski and Clayton Ross of JLL arranged the loan through New York-based private equity firm Prospect Ridge Advisors on behalf of the owner, locally based developer Delshah Capital.

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Majestic-Brooklyn
DevelopmentMultifamilyNew YorkNortheast

Domain Cos. Nears Completion of 255-Unit Apartment Building in Brooklyn

by Taylor Williams

NEW YORK CITY — Locally based owner-operator Domain Cos. is nearing completion of Majestic, a 255-unit apartment building in Brooklyn’s Gowanus neighborhood. Designed by Handel Architects with interiors by GoodRich Design, Majestic will offer studio, one-, two- and three-bedroom units, 25 percent of which will be set aside as affordable housing. Amenities will include a landscaped roof terrace, an indoor–outdoor fitness center and a courtyard garden. Domain topped out the 10-story building over the summer, and the opening is set for next year.

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ExtraSpace-Storage-Wayne-New-Jersey
DevelopmentIndustrialLoansNew JerseyNortheastSelf-Storage

Basis Industrial Receives $24M Construction Loan for Self-Storage Project in Wayne, New Jersey

by Taylor Williams

WAYNE, N.J. — Florida-based owner-operator Basis Industrial has received a $24 million construction loan for a self-storage project in the Northern New Jersey community of Wayne. ExtraSpace Storage will operate the facility at 555 Hamburg Turnpike, which will span 85,330 net rentable square feet across 586 climate-controlled units. Construction is underway and expected to be complete in early 2028. NexBank and NexPoint provided the loan.

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Leasing ActivityNew YorkNortheastOffice

Fenwick & West Signs 18,200 SF Office Lease Expansion in Manhattan’s Flatiron District

by Taylor Williams

NEW YORK CITY — Fenwick & West has signed an 18,200-square-foot office lease expansion in Manhattan’s Flatiron District. The expanded space covers the entire 13th floor at 902 Broadway, and the law firm now occupies 72,800 square feet across four floors at the building, which was originally constructed in 1911. David Kleinhandler and Ken Rapp of CBRE represented Fenwick & West in the lease negotiations. The landlord, Koeppel Rosen, was self-represented.

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Village-at-Tuxedo-Reserve
DevelopmentMultifamilyNew YorkNortheast

Related Cos. Begins Leasing 336-Unit Apartment Community in Tuxedo, New York

by Taylor Williams

TUXEDO, N.Y. — Related Cos. has begun leasing a 336-unit apartment community in Tuxedo, located in the Hudson Valley region. Designed by Aurae, the residences are part of The Village at Tuxedo Reserve, a mixed-use town center that anchors the 1,200-acre Tuxedo Reserve master-planned community. Units come in one- and two-bedroom floor plans, and amenities include a pool, fitness center, basketball, squash tennis and pickleball courts, a dog park, playground, coworking space, resident lounges and direct access to hiking and biking trails.

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AcquisitionsIndustrialMassachusettsNortheast

Kadima Industrial Partners Buys 62,500 SF Building in Woburn, Massachusetts

by Taylor Williams

WOBURN, MASS. — Kadima Industrial Partners has purchased a 62,500-square-foot building in Woburn, a northern suburb of Boston. The shallow-bay building at 215 Salem St. features 16 loading docks, a clear height of 17 feet and 90-foot truck court depths. Tommy Hovey, David Coffman and Michael Restivo of JLL represented the undisclosed seller in the transaction. Ryan Parker, also with JLL, arranged acquisition financing for the deal through Webster 5 Cent Savings Bank. The building was leased to eight tenants at the time of sale.

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