Saturday, December 6, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Northeast

Bella-Vista-Apartments-Ansonia-Connecticut
AcquisitionsConnecticutMultifamilyNortheast

Reliant RE Partners Buys 91-Unit Apartment Building in Ansonia, Connecticut

by Taylor Williams

ANSONIA, CONN. — Reliant RE Partners has purchased Bella Vista Apartments, a 91-unit multifamily building in Ansonia, located in New Haven County. The adaptive reuse building includes more than 8,000 square feet of commercial space and amenities such as a coffee lounge, business center and a gym. Victor Nolletti, Wes Klockner and Eric Pentore of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller, Bella Vista Ansonia LLC, in the transaction and procured Reliant as the buyer.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMultifamilyNew YorkNortheast

Marcus & Millichap Negotiates Sale of Two Multifamily Development Sites in Brooklyn

by Taylor Williams

NEW YORK CITY — Marcus & Millichap has negotiated the sale of two multifamily development sites in Brooklyn. The combined sales price was $11.7 million. The adjoining sites at 2425 and 2413 Atlantic Ave. are located in the Ocean Hill neighborhood and offer a total of roughly 142,000 buildable square feet. Matthew Peters of Marcus & Millichap represented the sellers in the transactions and procured the buyer, a local private investor. All parties requested anonymity.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialNew JerseyNortheast

CBRE Brokers $5.7M Sale of Industrial Outdoor Storage Facility in Dayton, New Jersey

by Taylor Williams

DAYTON, N.J. — CBRE has brokered the $5.7 million sale of an industrial outdoor storage (IOS) facility in Dayton, located in Central New Jersey. The site at 3 Wheeling Road includes a warehouse/service facility in addition to 3.5 acres of useable outdoor space. Mark Silverman, Elli Klapper, Liam McGregor and Mark Trevisan of CBRE represented the undisclosed seller in the transaction and procured the buyer, private investment firm Genesis.

Continue Reading
FacebookTwitterLinkedinEmail
CivicDevelopmentLoansMultifamilyNew YorkNortheast

CPC Provides $4.5M Construction Loan for Multifamily Conversion Project in Syracuse

by Taylor Williams

SYRACUSE, N.Y. — The Community Preservation Corp. (CPC) has provided a $4.5 million construction loan for a multifamily conversion project in Syracuse. The project will transform the former William Howard Taft School in the city’s Eastwood neighborhood, which opened in 1907 and closed in 1964, into a 28-unit rental complex. The unit mix will comprise six one-bedroom residences and 22 two-bedroom apartments. The developer is Skinner Properties.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityNew YorkNortheastOffice

Upstart Signs 15,356 SF Office Lease in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — Upstart has signed a seven-year, 15,356-square-foot office lease in Midtown Manhattan. The AI-driven lending platform will occupy the entire 33rd floor at NoMad Tower, a 39-story building located at 1250 Broadway. Scott Brown of Newmark represented the tenant in the lease negotiations. Paul Glickman, Benjamin Bass, Kristen Morgan, Harrison Potter and Diana Biasotti of JLL, along with internal agents Craig Panzirer and Alex Radmin, represented the landlord, Global Holdings.

Continue Reading
FacebookTwitterLinkedinEmail
industrial-portfolio-cbre
AcquisitionsGeorgiaIndustrialKentuckyNew YorkNorth CarolinaPennsylvaniaTop StoriesVirginia

CBRE Arranges Sale of 3 MSF Industrial Portfolio Across Eight States for ACRE

by Abby Cox

NEW YORK CITY — CBRE has arranged the sale of a 20-property last-mile distribution and light-manufacturing industrial portfolio across eight states. New York City-based Ares Commercial Real Estate Corp. (NYSE: ACRE) acquired the portfolio, which spans more than 3 million square feet. Brian Fiumara led CBRE’s National Partners team in marketing the portfolio and representing the undisclosed seller in the transaction. The CBRE team also procured the buyer. The properties include: The industrial portfolio consists of well-maintained industrial buildings ranging in size from 16,000 to 500,000 square feet, while average occupancy across the properties currently sits at 95 percent. “The acquisition by Ares allows the company to expand its existing portfolio with a critical mass of light industrial and well-located last-mile assets in major population centers with access to key distribution infrastructure,” says Fiumara. ACRE is a real estate investment trust (REIT) managed by Ares Commercial Real Estate Management LLC, a subsidiary of Ares Management Corp., which manages approximately $596 billion of assets.   ACRE’s stock price closed on Thursday, Dec. 4 at $5.15 per share, down from $6.98 a year ago, a nearly 26 percent decline. — Abby Cox

Continue Reading
FacebookTwitterLinkedinEmail
IndustrialLoansNew JerseyNortheast

PGIM Funds $140.5M Acquisition Loan for National Cold Storage Portfolio

by Taylor Williams

NEWARK, N.J. — PGIM Real Estate has funded a $140.5 million, floating-rate acquisition loan for a national portfolio of six cold storage facilities totaling approximately 853,000 square feet. The names and addresses of the properties were not disclosed, but the locations are scattered across Boston, Philadelphia, Orlando, Tampa and California’s Inland Empire. The borrower is a partnership between Artemis Real Estate Partners and Provender Partners.

Continue Reading
FacebookTwitterLinkedinEmail
IndustrialLoansNortheastPennsylvania

Thorofare Capital Provides $54.5M in Financing for Philadelphia Industrial Property

by Taylor Williams

PHILADELPHIA — Los Angeles-based Thorofare Capital has provided $54.5 million in financing for a 624,912-square-foot, newly redeveloped industrial property in Philadelphia. The address of the property was not disclosed, but the multi-level facility includes secured trailer parking and is in the process of being leased up to a mix of credit and institutional tenants. The debt was structured with a floating interest rate. The borrower was also not disclosed. 

Continue Reading
FacebookTwitterLinkedinEmail
555-Northfield-Ave.-West-Orange-New-Jersey
AcquisitionsMultifamilyNew JerseyNortheast

Invel Capital Buys Apartment Complex in West Orange, New Jersey for $40.8M

by Taylor Williams

WEST ORANGE, N.J. — Local investment firm Invel Capital has purchased a 70-unit apartment complex in West Orange for $40.8 million. Completed in 2023, the property at 555 Northfield Ave. offers one-, two- and three-bedroom units with an average size of 1,305 square feet. Amenities include a fitness center, rooftop terraces, resident lounges and a dog run. Oliver, Steve Simonelli, Jose Cruz, Ryan Robertson, Elizabeth DeVesty and Austin Pierce of JLL brokered the deal. Invel partnered with Chicago-based Pearlmark on the acquisition. The seller was a joint venture between Varma Real Estate and Garas Development.

Continue Reading
FacebookTwitterLinkedinEmail
Devon-Self-Storage-Camden-New-Jersey
DevelopmentIndustrialNew JerseyNortheastSelf-Storage

Inland, Devon Complete 1,070-Unit Self-Storage Project in Camden, New Jersey

by Taylor Williams

CAMDEN, N.J. — Inland Private Capital Corp. and Devon Self Storage, which are both part of The Inland Real Estate Group of Cos., have completed a 1,070-unit self-storage project in the Southern New Jersey community of Camden. The site at 1501 Admiral Wilson Blvd. formerly housed a warehouse and distribution facility, and the new storage building features 110,000 net rentable square feet of climate-controlled space. The Camden project marks the 19th collaboration between the two groups.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts