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

Acquisitions Multifamily New Jersey Northeast

ICON Real Estate Negotiates $7.9M Sale of Northern New Jersey Apartment Building

by Taylor Williams May 26, 2026

EAST ORANGE, N.J. — Local brokerage firm ICON Real Estate Advisors has negotiated the $7.9 million sale of a 58-unit apartment building in the Northern New Jersey community of East Orange. The two-story building at 223 Prospect St. was constructed in 1947 and exclusively offers two-bedroom units, according to Apartments.com. David Jarvis and David Oropeza of ICON brokered the deal on behalf of the buyer and seller, both of which were limited liability companies.

May 26, 2026

Industrial Leasing Activity New York Northeast

ASAK Solutions Signs 16,515 SF Industrial Lease in Queens

by Taylor Williams May 26, 2026

NEW YORK CITY — ASAK Solutions Inc., a provider of ground-handling services for the aviation industry, has signed a 16,515-square-foot industrial lease in the Jamaica area of Queens. The facility at 152-15 Rockaway Blvd. will support the company’s ramp and cargo handling business as JFK International Airport. Joseph Hentze Jr. of Cushman & Wakefield represented the tenant in the lease negotiations. Joseph Lagano and Reid Berch of Avison Young represented the landlord, Boston-based Longpoint Partners.

May 26, 2026

Loans New York Northeast Retail

Cronheim Arranges $75M in Financing for Retail Power Center in Middletown, New York

by Taylor Williams May 22, 2026

MIDDLETOWN, N.Y. — New Jersey-based financial intermediary Cronheim Mortgage has arranged $75 million in financing for Orange Plaza, an 811,272-square-foot retail power center in Middletown, about 70 miles northwest of New York City. Orange Plaza was 94 percent leased at the time of sale to tenants such as Walmart, Home Depot, Kohl’s, Burlington, Ross Dress for Less, Marshalls, Staples and Old Navy. Brandon Szwalbenest, Andrew Stewart and Dev Morris of Cronheim arranged the financing through an undisclosed life insurance company on behalf of the borrower, National Realty & Development. The seven-year loan features a 30-year amortization schedule.

May 22, 2026

Loans Multifamily New York Northeast

Dwight Capital Provides $54M HUD-Insured Loan for Refinancing of Queens Apartment Building

by Taylor Williams May 22, 2026

NEW YORK CITY — New York City-based Dwight Capital has provided a $54 million HUD-insured loan for the refinancing of The Amara, a 92-unit apartment building located in the Astoria neighborhood of Queens. Completed in 2024, the six-story building houses studio, one-, and two-bedroom units in addition to 13,790 square feet of ground-floor retail space that is leased to Spear Physical Therapy, restaurant The French Workshop, pizzeria Freddy’s Since 1961 and food hall Wonder Astoria. Keith Hoffman and Jack Tawil of Dwight originated the loan through HUD’s 223(f) program on behalf of the locally based borrower, Tsilo Group.

May 22, 2026

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