Northeast

CBRE Arranges Sale of 384-Unit Apartment Community in Somerset, New Jersey

by Taylor Williams September 24, 2026

SOMERSET, N.J. — CBRE has arranged the sale of a 384-unit apartment community located in the Central New Jersey community of Franklin. The Grove at Somerset was built on 41 acres in 2013, the property features studio, one-, two- and three-bedroom units, 58 of which are designated as affordable housing. Amenities include a pool with a sundeck, resident clubhouse with a lounge area, business center, fitness center, playground and a dog park. Jeffrey Dunne, Stuart MacKenzie, Eric Apfel, Travis Langer and Eric Greenberg of CBRE represented the buyer, Los Angeles-based owner-operator TruAmerica, in the off-market transaction. The seller was Harbor Group International. The sales price was not disclosed.

September 24, 2026

Industrial Loans New York Northeast

Largo Capital Places $24M Permanent Loan for Buffalo Industrial Property

by Taylor Williams September 24, 2026

BUFFALO, N.Y. — Locally based financial intermediary Largo Capital has placed a $24 million permanent loan for a 300,000-square-foot industrial property in Buffalo. The address of the property was not disclosed, but the site is located within an “established” industrial park just south of the downtown area. The property was fully leased to a single tenant at the time of the loan closing. Jack Phillips of Largo Capital arranged the nonrecourse loan through an undisclosed CMBS lender. The borrower was also not disclosed.

September 24, 2026

Acquisitions Connecticut Multifamily Northeast

NEPCG Negotiates $14.3M Sale of Hartford Multifamily Portfolio

by Taylor Williams September 24, 2026

HARTFORD, CONN. — Regional brokerage firm Northeast Private Client Group (NEPCG) has negotiated the $14.3 million sale of a portfolio of 23 multifamily properties totaling 167 units in Hartford. Known as the West End Hartford Portfolio, the buildings are situated within three blocks of one another in the state capital neighborhood of the same name. Information on floor plans and amenities was not disclosed. Taylor Perun and Brad Balletto of NEPCG represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

September 24, 2026

Acquisitions Multifamily New Jersey Northeast

Marcus & Millichap Brokers $4M Sale of Apartment Building in Kearny, New Jersey

by Taylor Williams September 24, 2026

KEARNY, N.J. — Marcus & Millichap has brokered the $4 million sale of Helena Arms, a 17-unit apartment building in the Northern New Jersey community of Kearny. The three-story building was constructed in 1969 and houses two studios, six one-bedroom units and nine two-bedroom apartments. Devin Perez, Alan Cafiero and Dean Matuszewicz of Marcus & Millichap represented the seller, a private investor, in the off-market transaction, and procured the undisclosed buyer. Mark Litwack of Marcus & Millichap Capital Corp. arranged acquisition financing for the deal.

September 24, 2026

Acquisitions New York Northeast Office

L&L Infinite Acquires 42-Story Office Building in Midtown Manhattan

by Taylor Williams September 23, 2026

NEW YORK CITY — L&L Infinite Real Estate Partners, a development and investment firm with offices in New York City and West Palm Beach, has acquired 600 Third Avenue, a 42-story office building in Midtown Manhattan. L&L acquired the 575,254-square-foot building, which was originally constructed in 1970, in a joint venture with Mack Real Estate Group, BLDG Management and BD Blakely. The building was 92 percent leased at the time of sale to tenants such as law firm Polsinelli, Energy Impact Partners and global investment manager 3G Capital. The building’s retail space is home to Dunkin’, Shake Shack, Just Salad, PureGym and Chipotle Mexican Grill. Adam Spies and Josh King of Newmark represented the seller in the transaction. Bain Capital provided a $215 million acquisition loan for the deal.

September 23, 2026

Affordable Housing Development Massachusetts Multifamily Northeast

TCB, BHA Complete 223-Unit Multifamily Redevelopment Project in Boston

by Taylor Williams September 23, 2026

BOSTON — The Community Builders (TCB) and the Boston Housing Authority (BHA) have completed a 223-unit multifamily redevelopment project in the state capital’s Jackson Square neighborhood. The project represents Phase I of the redevelopment of the Mildred C. Hailey Apartments and replaced 253 existing units with two six-story buildings that house 223 units. Specific income restrictions were not disclosed, but the residences comprise 91 “deeply affordable” units and 132 units of “affordable and moderate income housing.” The first phase of the redevelopment also featured the construction of a new, 6,800-square-foot community center named in honor of Anna Mae Cole, a transformational tenant leader, as well as 1,520 square feet of commercial space.

September 23, 2026

Development New Jersey Northeast Retail

JLL Negotiates Sale of 93,785 SF Shopping Center in Linden, New Jersey

by Taylor Williams September 23, 2026

LINDEN, N.J. — JLL has negotiated the sale of The Shops at Legacy Square, a 93,785-square-foot shopping center located in the Northern New Jersey community of Linden. Built in 2021, the center was roughly 81 percent leased at the time of sale to tenants such as Starbucks, Panera Bread, Taco Bell, Wawa, Chick-fil-A, AFC Urgent Care and Aspen Dental. J.B. Bruno, Kevin O’Hearn, Jose Cruz and Cole Doyon of JLL represented the seller, a partnership between Stockbridge Capital Group and Cypress Equities, in the transaction. Michael Klein and Max Custer, also with JLL, arranged acquisition financing for the deal on behalf of the buyer, a partnership between Lamar Cos. and Real Capital Solutions.

September 23, 2026

Leasing Activity Northeast Office Pennsylvania

BNY Signs 42,000 SF Office Lease in Wayne, Pennsylvania

by Taylor Williams September 23, 2026

WAYNE, PA. — BNY has signed a 42,000-square-foot office lease in Wayne, about 20 miles northwest of Philadelphia. The global financial services company will occupy the entire second floor of a three-story building within Chesterbrook, a 14-building office campus. Whit Hunter, Mike MacCrory and Doug Newbert of JLL represented the landlord, Rubenstein Partners, in the lease negotiations. JLL also represented BNY.

September 23, 2026

Loans Multifamily New York Northeast

New Empire Receives $75M in Construction Financing for Brooklyn Multifamily Project

by Taylor Williams September 22, 2026

NEW YORK CITY — Locally based developer New Empire has received $75 million in construction financing for a new multifamily project that will be located in Brooklyn’s Flatbush neighborhood. The financing consists of a $58 million senior loan from Madison Realty Capital and a $17 million mezzanine loan from Naftali Credit Partners. Designed by Morali Architects with interiors by Paris Forino, the project at 757 Flatbush Ave. will be a nine-story building with 131 residences and 3,348 square feet of commercial space. Units will come in studio, one-, two- and three-bedroom units. Details on the amenity package were not disclosed.

September 22, 2026

Acquisitions Connecticut Multifamily Northeast

JLL Negotiates $27M Sale of Apartment Complex in Haddam, Connecticut

by Taylor Williams September 22, 2026

HADDAM, CONN. — JLL has negotiated the $27 million sale of Blueway Commons, an 88-unit apartment complex in Haddam, located in Middlesex County. Blueway Commons was built on 6.5 acres between 2023 and 2025. The property features one- and two-bedroom units, 10 of which are workforce housing residences, with an average size of 967 square feet that are housed across five two-story buildings. Amenities include a clubhouse with a coffee bar, fitness center and an outdoor kitchen with a pergola. Jon Bryant, John Flaherty and Steve Simonelli of JLL represented the seller, Elm Tree Communities, in the transaction. The buyer was RAK Realty.

September 22, 2026

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