Northeast

Cushman & Wakefield Arranges $80M Loan for Refinancing of Northern New Jersey Office Campus

by Taylor Williams June 26, 2026

PARSIPPANY, N.J. — Cushman & Wakefield has arranged an $80 million loan for the refinancing of LATITUDE, a 35-acre office campus located in the Northern New Jersey community of Parsippany. LATITUDE features 524,859 square feet of office space across multiple buildings. Tenants include Gilead, FM Global, Mead Johnson, Essential Homes and Sax Wealth Advisors. Oak Funding, a locally based bridge lender and private equity real estate firm, along with Oak North Bank, provided the debt. Chuck Kohaut, Brad Domenico, David Bernhaut, Alexander Hernandez, Frank Stanislaski, Bill Baunach and Jack Subers led the debt placement efforts for Cushman & Wakefield. The borrower, a partnership between Rubenstein Partners and Vision Real Estate Partners, first acquired LATITUDE in 2017 and subsequently renovated the campus, inclusive of the addition of 30,000 square feet of new amenities.

June 26, 2026

Delaware Development Multifamily Northeast

Buccini Pollin, University of Delaware Top Out $75M Multifamily Project in Newark

by Taylor Williams June 26, 2026

NEWARK, DEL. — A public-private partnership between local developer Buccini Pollin Group and the University of Delaware has topped out The Asters, a $75 million multifamily project in Newark. The Asters is located within the university’s Science, Technology and Advanced Research (STAR) campus and will offer 229 one- and two-bedroom units across two seven-story buildings. Units will range in size from 600 to 1,100 square feet and will be furnished with quartz countertops, tile backsplashes and stainless steel appliances. Select residences will feature private balconies. Amenities will include a pool, outdoor grilling and dining areas, landscaped courtyard with pickleball court, indoor basketball court, fitness center with boxing and yoga spaces and a resident lounge with an entertainment kitchen and game room.

June 26, 2026

Affordable Housing Development Multifamily New York Northeast Seniors Housing

Partnership Completes 153-Unit Affordable Seniors Housing Project in Brooklyn

by Taylor Williams June 26, 2026

NEW YORK CITY — A partnership between Gilbane Development, Blue Sea Development Co. and JASA has completed Linden Grove, a 153-unit affordable seniors housing project in the Bushwick neighborhood of Brooklyn. Residences at the 13-story building are reserved for renters earning 30 to 40 percent of the area median income, with 46 units reserved for formerly unhoused seniors. Amenities include a fitness room, arts and crafts area, laundry room, a rooftop terrace, outdoor dining areas and community gardens.

June 26, 2026

Acquisitions Industrial New Jersey Northeast

Doors & Spaces Buys 32,850 SF Industrial Facility in Voorhees, New Jersey

by Taylor Williams June 26, 2026

VOORHEES, N.J. — Doors & Spaces, a regional investment firm focused on small-bay industrial product, has purchased a 32,850-square-foot facility in Voorhees, located in Southern New Jersey’s Camden County. The sales price was $4.1 million. The facility was built on a 3.3-acre site at 476 Centennial Blvd. in 1987 and was fully leased at the time of sale to eight tenants. The seller was not disclosed.

June 26, 2026

Development Massachusetts Mixed-Use 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

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