Northeast

Avison Young Brokers $17.9M Sale of Apartment Building in Norwalk, Connecticut

by Taylor Williams July 14, 2026

NORWALK, CONN. — Avison Young has brokered the $17.9 million sale of The Stonefield, a 55-unit apartment building located in the southern coastal Connecticut city of Norwalk. According to LoopNet Inc., the four-story building was constructed on a 3-acre site at 587 Connecticut Ave. in 2016 and offers one- and two-bedroom units. Will Suarez of Avison Young represented the seller, developer EDG Properties, in the transaction and procured the buyer, a group of local investors completing a 1031 exchange.

July 14, 2026

Development Industrial Massachusetts Northeast

REXA Nears Completion of 110,000 SF Manufacturing Facility in Middleborough, Massachusetts

by Taylor Williams July 14, 2026

MIDDLEBOROUGH, MASS. — REXA Inc., a provider of engineered process control solutions, is nearing completion of a 110,000-square-foot manufacturing facility in Middleborough, located south of Boston. REXA purchased a parcel within The Campus at Canopy Drive, an approximately 700,000-square-foot development owned by VMD Cos., in fall 2025 for $6.6 million. The facility features a clear height of 28 feet and 20,000 square feet of office space. CBRE is the leasing agent for The Campus at Canopy Drive.

July 14, 2026

Acquisitions New Hampshire Northeast Retail

Matthews Arranges $8.8M Sale of Retail Property in Nashua, New Hampshire

by Taylor Williams July 14, 2026

NASHUA, N.H. — Nashville-based brokerage firm Matthews has arranged the $8.8 million sale of a 44,000-square-foot retail property in Nashua, located on the Massachusetts-New Hampshire border. According to LoopNet Inc., the property at 166 Daniel Webster Highway is a freestanding structure that was built on 2.6 acres in 1991. Daniel Gonzalez and Nikolai Novak of Matthews represented the buyer, a Massachusetts-based private investor, in the transaction.

July 14, 2026

Leasing Activity New York Northeast Office

SPORTFIVE Signs 18,038 SF Office Lease in Midtown Manhattan

by Taylor Williams July 14, 2026

NEW YORK CITY — SPORTFIVE has signed an 18,038-square-foot office lease in Midtown Manhattan. The German sports marketing firm will occupy a full floor at 477 Madison Avenue, a 24-story building. Peter Van Duyne and Alex Lachmund of Cushman & Wakefield represented the tenant in the lease negotiations. Arkady Smolyansky and Alex D’Amario of CBRE, along with internal agents A.J. Camhi, Paul Milunec and Rob Weller, represented the landlord, RXR.

July 14, 2026

Market Reports Multifamily New York Northeast Northeast Market Reports Texas Texas Market Reports

Two Cures for High Rent

by Taylor Williams July 14, 2026

By Jack Stone, managing director, Greysteel In the last week of June, two things happened in the American multifamily market that belong side by side: New York froze rents, and the Dallas Fed confirmed that Texas is drowning in apartments. One of those scenarios involves a market correcting itself. The other is a market being told to stop. In New York, the Rent Guidelines Board voted seven to one to freeze rents on roughly 1 million rent-stabilized apartments, including zero percent on one- and two-year leases, the first two-year freeze in the board’s history. That action impacts about a quarter of all housing inventory in the city and roughly 40 percent of its rental units. In Texas, markets have kept doing what they’ve been doing for two years: bleeding. Both states are wrestling with the same underlying problem. Rents got too high for many people to afford. The difference is what each one decided to do about it, and that difference is the whole story. Texas is in pain, and the pain is honest. The Dallas Fed put numbers to it this spring. A pandemic-era construction boom, cheap money and aggressive bank lending dumped a historic wave of units onto …

July 14, 2026

Acquisitions New York Northeast Office Retail

Spear Street Capital Buys Lower Manhattan Office, Retail Building for $50.5M

by Taylor Williams July 13, 2026

NEW YORK CITY — San Francisco-based investment firm Spear Street Capital has purchased 76 Eighth Avenue, a 10-story office and retail building in Lower Manhattan, for $50.5 million. The 35,620-square-foot building was completed in 2022 and was fully leased at the time of sale, with Wells Fargo occupying the retail space. Andrew Scandalios, David Giancola, Vickram Jambu, Drew Isaacson and Jennifer Zelko of JLL represented the seller, G4 Capital Partners, in the transaction. Aaron Niedermayer, Peter Rotchford and Christopher Pratt, also with JLL, arranged $27.7 million in acquisition financing for the deal through DekaBank.

July 13, 2026

Acquisitions Development Multifamily New York Northeast

JLL Negotiates $25.1M Sale of Two Multifamily Development Sites in Brooklyn

by Taylor Williams July 13, 2026

NEW YORK CITY — JLL has negotiated the sale of two multifamily development sites in the Crown Heights area of Brooklyn for a combined price of $25.1 million. The sites at 1029 Dean St. and 1104 Pacific St., which traded in separate off-market deals, have a combined buildable square footage of about 129,000 square feet. Mike Mazzara, Ethan Stanton and Brendan Maddigan of JLL represented the undisclosed sellers in both transactions and procured the buyer, a partnership between Castell Group and Montgomery Street Partners. Specific plans for future development of the sites, which are earmarked for “large-scale” projects, were not disclosed.

July 13, 2026

Leasing Activity New York Northeast Office

Energy Capital Partners Signs Office Lease Expansion in Lower Manhattan

by Taylor Williams July 13, 2026

NEW YORK CITY — Energy Capital Partners has signed an office lease expansion in Lower Manhattan. The infrastructure investment firm previously occupied the entire 58th floor of One World Trade Center and has now taken the entire 59th floor, yielding a total footprint of 70,425 square feet. Eric Zemachson and Corey Borg of Newmark represented the tenant in the lease negotiations. David Falk, Peter Shimkin, Hal Stein, Nathan Kropp and Paige Raisides, also with Newmark, along with internal agents Eric Engelhardt, Karen Rose and Sayo Kamara, represented the landlord, The Durst Organization, which developed One World Trade Center in partnership with The Port Authority of New York and New Jersey

July 13, 2026

Connecticut Leasing Activity Northeast Restaurant Retail

Golf Lounge 18 Opens 7,700 SF Entertainment Venue in Stamford, Connecticut

by Taylor Williams July 13, 2026

STAMFORD, CONN. — Golf Lounge 18 has opened a 7,700-square-foot entertainment venue in the southern coastal Connecticut city of Stamford. The space is located within Atlantic Station, a mixed-use development in the downtown area, and features multiple golf simulators in addition to food-and-beverage offerings. Golf Lounge 18 now operates 11 venues nationwide. RXR owns Atlantic Station.

July 13, 2026

Affordable Housing Development Multifamily New York Northeast

Partnership Receives $217M in Construction Financing for Brooklyn Affordable Housing Project

by Taylor Williams July 10, 2026

NEW YORK CITY — A partnership between Apex Building Group and L+M Development Partners has received $217 million in construction financing for a new affordable housing project in Brooklyn. The project represents Phase III of a larger, 27-acre project known as Alafia, which is a redevelopment of the former site of the Brooklyn Developmental Center. Phase III will comprise 273 units that will be reserved for households earning 70 percent or less of the area median income. Phase III will also involve construction of a one-acre public park with a fitness loop, children’s play area and residential courtyards. Redstone Bank provided a construction loan as part of the financing package, which also includes federal and state tax credit equity, among other subsidies. Phase III construction is expected to be complete in 2029.

July 10, 2026

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