Northeast

Partnership Completes Phase I of Boston Mixed-Use Development

by Taylor Williams June 25, 2026

BOSTON — A partnership between Harvard University and New York City-based real estate giant Tishman Speyer, as well as Tishman Speyer’s life sciences affiliate Breakthrough Properties, has completed Phase I of a mixed-use development in Boston’s Allston neighborhood. Known as the Enterprise Research Campus, the development’s initial phase spans 9 acres and features a 343-unit apartment community known as Verra, the 246-room Atlas Hotel, a two-building life sciences and lab complex, a conference center, 40,000 square feet of street-level retail and restaurants and 2 acres of open green space. The Enterprise Research Campus was first announced in summer 2023 and funded by $750 million in construction financing provided by a syndicate of lenders led by New York City-based Otera Capital.

June 25, 2026

Loans New York Northeast Office

JLL Arranges $42M Loan for Refinancing of Midtown Manhattan Office Building

by Taylor Williams June 25, 2026

NEW YORK CITY — JLL has arranged a $42 million loan for the refinancing of The Nelson Tower Building, a 510,304-square-foot office complex located at 450 Seventh Ave. in Midtown Manhattan. Originally constructed in 1930 and most recently renovated in 2019, the 46-story building features an upgraded lobby, modernized elevators and a tenant amenity suite with conference facilities and a rooftop lounge. Aaron Niedermayer led the JLL team that originated the loan through Apple Bank on behalf of the locally based borrower, The Kaufman Organization.

June 25, 2026

Development Multifamily New Jersey Northeast

LANDMARK Nears Completion of 100-Unit Multifamily Project in Plainfield, New Jersey

by Taylor Williams June 25, 2026

PLAINFIELD, N.J. — Local developer LANDMARK is nearing completion of CENTURION Sleepy Hollow, a 100-unit multifamily project located in the Northern New Jersey community of Plainfield. Designed by Rotwein + Blake with interiors by Mary Cook Associates, CENTURION Sleepy Hollow offers one- and two-bedroom units, as well as retail space. Amenities include a fitness center, resident lounge, coworking space and a rooftop terrace. The first move-ins began late last summer.

June 25, 2026

Acquisitions Multifamily New Jersey Northeast

ICON Real Estate Advisors Negotiates $7.5M Sale of Newark Apartment Building

by Taylor Williams June 25, 2026

NEWARK, N.J. — Local brokerage firm ICON Real Estate Advisors has negotiated the $7.5 million sale of a 58-unit apartment building in Newark. The building at 469 Elizabeth Ave. offers one-, two- and three-bedroom units. David Jarvis and David Oropeza of ICON represented the seller, an entity doing business as Newark 469 Elizabeth LLC, in the transaction and procured the buyer, Dove Management.

June 25, 2026

Affordable Housing Development Loans Multifamily New York Northeast Top Stories

Developers Receive $785M Financing Package for Residential Project in Brooklyn

by Hayden Spiess June 25, 2026

NEW YORK CITY — Charney Cos., Tavros and Incoco Capital have received $785 million in construction financing for the development of 175 Third Street, the fifth building at the $1 billion Gowanus Wharf campus in Brooklyn. Apollo and Affinius Capital are providing $600 million in debt, and RXR is providing $185 million in equity. Christopher Peck, Peter Rotchford and Nicco Lupo of JLL secured the financing on behalf of the borrowers. Upon completion, 175 Third Street will mark the largest building at the development, which is situated within the Gowanus area of Brooklyn. Charney and Tavros purchased the site in May for $160 million. The residential building will total roughly 1.1 million square feet across 27 stories and will house approximately 1,100 units. Of the residences, 25 percent will be designated as permanently affordable housing. Bjarke Ingels Group designed the property, which will also feature a 28,000-square-foot public waterfront esplanade in collaboration with the New York City Department of Parks & Recreation. Additionally, Life Time has signed an 85,000-square-foot lease at the building for a three-story fitness club and spa. “Securing this financing with Apollo, Affinius and RXR validates both the strength of 175 Third Street and our long-term commitment to this …

June 25, 2026

Affordable Housing Development Multifamily New York Northeast

Partnership Unveils Plans for $170M Affordable, Supportive Housing Project in The Bronx

by Taylor Williams June 24, 2026

NEW YORK CITY — A partnership between local owner-operator Gilbane Development Co., Strada Development LLC and the Center for Urban Community Services (CUCS) has unveiled plans for a $170 million affordable and supportive housing project in The Bronx. Designed by Magnusson Architecture and Planning PC and known as 1920 Turnbull, the 22-story building will be located in the borough’s Castle Hill/Soundview submarket and will house 228 affordable housing units, including 137 permanent supportive housing units for formerly homeless individuals and families. CUCS will operate a 3,500-square-foot office within 1920 Turnbull to facilitate residents’ access to onsite social support services such as case management, behavioral health support, benefits assistance, employment services and connections to community resources. Additional amenities will include outdoor recreation space, a fitness room, community room and onsite laundry facilities. Site remediation and a groundbreaking are scheduled to take place in the coming weeks, with completion slated for 2029.

June 24, 2026

Development Loans Mixed-Use New York Northeast

JLL Arranges $26M in Construction Financing for Buffalo Mixed-Use Project

by Taylor Williams June 24, 2026

BUFFALO, N.Y. — JLL has arranged $26 million in construction financing for Heritage Point, a mixed-use project in Buffalo’s Canalside district that will consist of 61 apartments and 30,000 square feet of commercial space across two six-story buildings. The financing comprises a $14.8 million senior construction loan from national lender X-Caliber and $11.2 million of Commercial Property Assessed Clean Energy (C-PACE) financing from its affiliate, CastleGreen Finance. Jillian Mariutti led the JLL team that arranged the financing on behalf of the developer, Sinatra & Co., which expects to deliver Heritage Point in the third quarter of next year.

June 24, 2026

Acquisitions Massachusetts Northeast Retail

Atlantic Capital Partners Negotiates $7.7M Sale of Shopping Center in Wilmington, Massachusetts

by Taylor Williams June 24, 2026

WILMINGTON, MASS. — Local brokerage firm Atlantic Capital Partners (ACP) has arranged the $7.7 million sale of a 53,679-square-foot shopping center in Wilmington, located north of Boston. Grocer McKinnon’s Market anchors the center, which was 91 percent leased at the time of sale. Justin Smith, Chris Peterson, Danielle Turpin and John Dixon of ACP represented the undisclosed seller in the transaction. The sale included 13.6 undeveloped, residential-zoned acres situated directly behind the center.

June 24, 2026

Leasing Activity Life Sciences Massachusetts Northeast Office

Living Proof Signs 14,085 SF Office, Life Sciences Lease in Boston’s Seaport District

by Taylor Williams June 24, 2026

BOSTON — Living Proof has signed a 14,085-square-foot lease in Boston’s Seaport District. The provider of hair care products will relocate its operations from the Innovation & Design Building to the entire fifth floor of the office and life sciences building at 12 Farnsworth St. Tim Lahey of CBRE represented the tenant in the lease negotiations. Eric Smith and Lauren Drakeley, also with CBRE, represented the landlord, Phase 3 Real Estate Partners.

June 24, 2026

Development Loans Multifamily New Jersey Northeast Walker & Dunlop

Nasser Freres Receives $375M Construction Loan for Jersey City Apartment Tower

by Taylor Williams June 23, 2026

NEW YORK CITY — Developer Nasser Freres has received a $375 million construction loan for JFK Boulevard, an 840-unit apartment tower that will be located in the Journal Square area of Jersey City. The building will offer studio, one-, two- and three-bedroom units, 10 percent of which will be designated as affordable housing. Amenities will include a spa, fitness center, multi-sport court, coworking and library lounges, game and screening rooms, an outdoor pool with sun decks, dog run, pet spa and a rooftop lounge. In addition, JFK Boulevard will feature 50,000 square feet of retail space that will be anchored by an organic grocer. Keith Kurland, Aaron Appel, Adam Schwartz, Jonathan Schwartz, Dustin Stolly, Sean Reimer, Jordan Casella, Christopher de Raet and Jack Krentzman of Walker & Dunlop arranged the floating-rate, interest-only loan through Madison Realty Capital. Completion is slated for early 2029.

June 23, 2026

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