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

Loans Massachusetts Northeast Office Retail

PGIM Provides $58.5M Loan for Refinancing of Cambridge Office, Retail Building

by Taylor Williams June 23, 2026

CAMBRIDGE, MASS. — PGIM has provided a $58.5 million loan for the refinancing ofOne Brattle Square, an office and retail building located across the Charles River from Boston in Cambridge. The six-story building, which was 99 percent leased at the time of the loan closing, is located within the Harvard Square submarket and features 82,500 square feet of office space and 15,000 square feet of retail space. PGIM provided the floating-rate loan to the borrower, an affiliate of Beacon Capital Partners.

June 23, 2026

Loans New York Northeast Retail

HKS Real Estate Arranges $25.8M Loan for Refinancing of Queens Retail Building

by Taylor Williams June 23, 2026

NEW YORK CITY — Locally based intermediary HKS Real Estate Advisors has arranged a $25.8 million loan for the refinancing of a 52,578-square-foot retail building in Queens. The newly developed building at 10-04 Borden Ave. is located in the borough’s Long Island City neighborhood and was fully leased at the time of sale, with iFly and Vibe Fitness serving as the anchor tenants. Daniel Kowalsky of HKS arranged the loan on behalf of the owner, VOREA. Hanover Capital provided the loan.

June 23, 2026

Acquisitions Development New York Northeast

Marcus & Millichap Brokers $9.4M Sale of Commercial Development Site in Queens

by Taylor Williams June 23, 2026

NEW YORK CITY — Marcus & Millichap has brokered the $9.4 million sale of a commercial development site in Queens. The site at 28-04 41st Ave. is located in the borough’s Long Island City neighborhood and can support 25,000 to 30,000 buildable square feet of residential, commercial or mixed-use development. Sean Fopeano, Shaun Riney, Joe Koicim and David Cornejo of Marcus & Millichap represented the seller, an undisclosed private family, in the transaction and procured the buyer, Jade Century Properties.

June 23, 2026

100-Martinangelo-Drive-Marlborough-Massachusetts

Civic Development Massachusetts Northeast

Massachusetts State Police to Open 200,000 SF Crime Lab, Training Facility in Marlborough

by Taylor Williams June 22, 2026

MARLBOROUGH, MASS. — The Massachusetts State Police will open a 200,000-square-foot crime lab and training facility in Marlborough, a western suburb of Boston. The facility will be situated on a 24-acre site at 100 Martinangelo Drive, and the Commonwealth of Massachusetts has entered into a 20-year, triple-net lease with the owner, an investment group led by Greatland Realty Partners. The building will rise four stories, and the space will be able to accommodate about 250 employees. Completion is slated for early 2028. Brett Paulsrud, Andrew Gray and Michael George of JLL arranged credit tenant lease (CTL) financing for the project on behalf of ownership.

June 22, 2026

Loans Multifamily New York Northeast

HKS Real Estate Arranges $37.5M Loan for Refinancing of Midtown Manhattan Apartment Building

by Taylor Williams June 22, 2026

NEW YORK CITY — Locally based intermediary HKS Real Estate Advisors has arranged a $37.5 million loan for the refinancing of 230 East 44th Street, a 164-unit apartment building in Midtown Manhattan. Known as The Centra, the 14-story building offers studio, one-, two- and three-bedroom units, as well as 5,055 square feet of commercial space that was fully leased at the time of the loan closing to six tenants. Ayush Kapahi of HKS arranged the loan on behalf of the owner, Dalan Rentals. Infinity Funds provided the loan.

June 22, 2026

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