Northeast

Partnership Buys Two Multifamily Properties in Greenwich, Connecticut for $356M

by Taylor Williams June 15, 2026

GREENWICH, CONN. — A partnership between two local developers, RMR Residential and LCOR, as well as Chicago-based investment firm Heitman, has purchased two multifamily properties totaling 406 units in the southern coastal Connecticut city of Greenwich. The sales price was $356 million. ARIUM at Greenwich Oaks is a 30-acre, garden-style property that features 134 two-and three-bedroom units and amenities such as a pool, basketball and pickleball courts and a playground. ARIUM at Greenwich Place offers 272 one-, two- and three-bedroom units with private outdoor patios and balconies. The seller was undisclosed. The new ownership plans to make capital improvements to both properties.

June 15, 2026

Loans Multifamily New Jersey Northeast

CBRE Arranges $31M Permanent Loan for Central New Jersey Apartment Complex

by Taylor Williams June 15, 2026

MONTGOMERY TOWNSHIP, N.J. — CBRE has arranged a $31 million permanent loan for The Somerset at Montgomery, a 115-unit apartment complex in Central New Jersey. Completed in 2024, the two-building complex houses 92 market-rate units and 23 affordable apartments that are furnished with in-unit washers and dryers and private balconies. Amenities include a fitness center, business center and outdoor grilling and dining stations. Matthew Pizzolato, Josh Stein, Jason Gaccione, Shawn Rosenthal and Jake Salkovitz of CBRE arranged the loan through New York Life on behalf of the developer, County Classics.

June 15, 2026

Acquisitions New Jersey Northeast Retail

Marcus & Millichap Brokers $3.9M Sale of Retail Strip Center in Pennington, New Jersey

by Taylor Williams June 15, 2026

PENNINGTON, N.J. — Marcus & Millichap has brokered the $3.9 million sale of Cornerstone Court, an 18,284-square-foot retail strip center located in the Northern New Jersey community of Pennington. The two-story center was 77 percent leased at the time of sale to 11 tenants, with Dunkin’ and Subway serving as the anchors. The center’s second level also includes office space. Brent Hyldahl, Alan Cafiero and Seth Goldberg of Marcus & Millichap represented the seller in the transaction and worked with Marcus & Millichap’s David Cafiero and Damien Rance to procure the buyer. Both parties were New Jersey-based private investors that requested anonymity.

June 15, 2026

Leasing Activity New York Northeast Office

NYC Alliance Signs 50,000 SF Office Lease at 1441 Broadway in Midtown Manhattan

by Taylor Williams June 15, 2026

NEW YORK CITY — NYC Alliance, the apparel company behind brands like Juicy Couture, Frye and 525 America, has signed a 10-year, 50,000-square-foot office lease, inclusive of showroom space, at 1441 Broadway in Midtown Manhattan. NYC Alliance is relocating and expanding from its nearby office at 1411 Broadway to the entire 15th and 16th floors, as well as part of the 17th floor, at the 34-story building. Peter Braus, Dennis Someck, Todd Korren and Justin Myers of Lee & Associates represented the tenant in the lease negotiations. Rick Doolittle, J.P. Howard, Taylor Bell and Michael Joseph of Colliers represented the landlord, L.H. Charney Associates.

June 15, 2026

Connecticut Development Multifamily Northeast

Winchester Partners Completes 283-Unit Mixed-Income Apartment Project in New Haven, Connecticut

by Taylor Williams June 12, 2026

NEW HAVEN, CONN. — Winchester Partners, which is a joint venture between an affiliate of L+M Development and Twining Properties, has completed The Winston, a 283-unit mixed-income apartment building in New Haven. The Winston is part of the initial phase of Science Park, a $92.5 million redevelopment of the former Winchester Repeating Arms Co. factory complex, which closed in 1981. Units range from studios to three-bedrooms, and roughly 20 percent (57 residences) are designated as affordable housing for renters earning 50 percent or less of the area median income. The five-story building also houses 12,800 square feet of retail space and amenities such as a pool, fitness center with a yoga studio, coworking space and a resident library. Beinfield Architecture designed the building, construction of which was financed by The Urban Investment Group at Goldman Sachs Alternatives and KeyBank.

June 12, 2026

Acquisitions Industrial New Jersey Northeast

NAI DiLeo-Bram Arranges $4.7M Sale of Industrial Building in Somerset, New Jersey

by Taylor Williams June 12, 2026

SOMERSET, N.J. — Locally based brokerage firm NAI DiLeo-Bram has arranged the $4.7 million sale of a 20,269-square-foot industrial building in the Northern New Jersey community of Somerset. The building sits on a 3-acre site at 85 Commerce Drive and features a clear height of 19 feet. Kyle Gerace, Chris Chiusolo and Sweemit Goswami of NAI DiLeo-Bram represented the buyer, Approved Fire Protection, in the transaction. The seller was PepsiCo Inc./Frito Lay.

June 12, 2026

Leasing Activity New York Northeast Office

Nationwide Mortgage Bankers Opens 30,000 SF Office Headquarters in Melville, New York

by Taylor Williams June 12, 2026

MELVILLE, N.Y. — Nationwide Mortgage Bankers (NMB), a locally based financial institution, has opened a 30,000-square-foot office headquarters at 1305 Walt Whitman Road in Melville, a community located on Long Island. The space features a podcast streaming center, digital media studios and a 65-seat technical training facility. NMB plans to immediately bring about 100 jobs to the facility and hire more in the coming months. The Feil Organization owns the building.

June 12, 2026

Leasing Activity New York Northeast Retail

Babylist Signs 20,000 SF Retail Lease in Manhattan’s SoHo District

by Taylor Williams June 12, 2026

NEW YORK CITY — Babylist has signed a 20,000-square-foot retail lease in Manhattan’s SoHo district. The lease term is 10 years, and the space spans two levels (10,000 square feet each) at 477 Broadway. Paul Popkin, Morris Dweck and Annie Squier of Lee & Associates represented the landlord, an entity doing business as 477 Realty LLC, in the lease negotiations. Lydia Bell and Cole Stapleton of Tungsten Property represented Babylist. The opening is scheduled for late summer.

June 12, 2026

Loans New York Northeast Office

ACORE Capital Provides $110M Loan for Refinancing of Midtown Manhattan Office Building

by Taylor Williams June 11, 2026

NEW YORK CITY — ACORE Capital has provided a $110 million loan for the refinancing of 370 Lexington Avenue, a 317,000-square-foot office building located in the Grand Central submarket of Midtown Manhattan. The building was originally constructed in 1929 and recently underwent renovations to the lobby, elevators, building access systems, hallways and bathrooms. The loan was executed as part of a larger, $138 million recapitalization, additional terms of which were not disclosed. The sponsor is a partnership between two locally based owner-operators, Broad Street Development and KSR Capital. Peter Greisinger arranged the financing.

June 11, 2026

Acquisitions Industrial New Jersey Northeast

Cushman & Wakefield Brokers Sale of 256,381 SF Industrial Portfolio in Northern New Jersey

by Taylor Williams June 11, 2026

CARLSTADT AND EAST RUTHERFORD, N.J. — Cushman & Wakefield has brokered the sale of a portfolio of four industrial buildings totaling 256,381 square feet in the Northern New Jersey communities of Carlstadt and East Rutherford. The buildings are collectively known as Kurv Meadowlands and feature clear heights of 16 to 27 feet. Gary Gabriel, Kyle Schmidt, Ryan Larkin and Seth Zuidema of Cushman & Wakefield represented the seller, JP Morgan Asset Management, in the transaction and procured the buyer, Kurv Industrial. John Alascio, Chuck Kohaut and TJ Sullivan, also with Cushman & Wakefield, arranged an undisclosed amount of acquisition financing for the deal through CIBC.

June 11, 2026

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