Friday, August 7, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Northeast

Tower-Two-Sixty-Pittsburgh
Mixed-UseNortheastPennsylvania

JLL Arranges Recapitalization of Downtown Pittsburgh Mixed-Use Property

by Taylor Williams

PITTSBURGH — JLL has arranged the recapitalization of Tower Two-Sixty, a mixed-use property in downtown Pittsburgh. Completed in 2016, Tower Two-Sixty consists of 130,000 square feet of office space, 14,000 square feet of retail and restaurant space, a 197-key Hilton-branded hotel and a 321-space structured parking garage. Valued at $69 million, the recapitalization entailed a ground-lease bifurcation sale of the land and financing of the leasehold improvements. Working on behalf of the owner, local developer Piatt Cos., JLL’s Nick Unkovic and Mark Popovich procured the buyer for the land component, Woodbranch Investments Corp. The duo also worked to secure the leasehold financing through Dollar Bank.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsAffordable HousingDevelopmentMultifamilyNew YorkNortheast

Tredway Buys Brooklyn Affordable Housing Property for $41.5M, Plans Renovations

by Taylor Williams

NEW YORRK CITY — Local owner-operator Tredway has purchased Restore Housing, a 138-unit affordable housing property in Brooklyn’s Bedford-Stuyvesant neighborhood, for $41.5 million with plans to implement renovations. Units at the property are reserved for households earning 60 percent or less of the area median income. Capital improvements, which will serve to preserve the property’s affordability status, will cover units’ kitchens, bathrooms, appliances and flooring, as well as the building’s common spaces. Merchants Capital provided financing for both the purchase and renovations.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialNew JerseyNortheast

CBRE Brokers $6.8M Sale of Industrial Development Site in Dover, New Jersey

by Taylor Williams

DOVER, N.J. — CBRE has brokered the $6.8 million sale of a 6.5-acre industrial development site in the Northern New Jersey community of Dover. The parcel is part of the newly opened, 80,000-square-foot headquarters facility of tube and pipe distributor Dover Tubular Alloys at 220 W. Clinton St. Thomas Mallaney and Denise Kokulak of CBRE represented Dover Tubular Alloys in the transaction. Resource Realty represented the buyer, an entity doing business as SL Acquisitions LLC.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsConnecticutIndustrialNortheast

Vidal/Wettenstein Negotiates $6.4M Sale of Industrial Building in Trumbull, Connecticut

by Taylor Williams

TRUMBULL, CONN. — Locally based brokerage firm Vidal/Wettenstein has negotiated the $6.4 million sale of a 57,000-square-foot industrial building in the southern coastal Connecticut city of Trumbull. The building at 205 Spring Hill Road and formerly housed the operations of the Trumbull Printing Co. Bruce Wettenstein of Vidal/Wettenstein represented the seller, Brooklyn-based BACO Enterprises, in the transaction. Wes Craft and Tyler Lyman of True Commercial represented the undisclosed seller.

Continue Reading
FacebookTwitterLinkedinEmail
465-W.-165th-St.-Manhattan
LoansMultifamilyNew YorkNortheastStudent Housing

IPA Arranges $131.5M in Construction Financing for Student Housing Project in Upper Manhattan

by Taylor Williams

NEW YORK CITY — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged $131.5 million in construction financing for a student housing development in the Washington Heights neighborhood of Upper Manhattan. The 28-story building at 465 W. 165th St. will offer 276 fully furnished units totaling 321 beds. Shared amenities will include a two-story attended lobby, private study pods, quiet lounges, group study rooms, a fitness center, golf simulator, outdoor terrace and grab-and-go food services. Max Herzog and Eric Toddy of IPA worked on behalf of the borrower, Edge Property Group, to arrange the financing through S3 Capital. Titanium Construction Services is the general contractor for the project, which is expected to be complete in fall 2028.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialMassachusettsNortheastSelf-Storage

JLL Brokers Sale of 686-Unit Self-Storage Facility in Newbury, Massachusetts

by Taylor Williams

NEWBURY, MASS. — JLL has brokered the sale of a 686-unit self-storage facility in Newbury, located northeast of Boston. Newbury Self Storage comprises 12 single-story buildings that were built in phases between 2016 to 2023 on a 49.3-acre site. Totaling 111,000 net rentable square feet, the property also includes land for future expansion. JLL represented the seller, an entity doing business as Stowaway Storage Newbury LLC, in the transaction and procured the buyer, Andover Properties.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityNew YorkNortheastRetail

Chelsea Piers Fitness to Open 76,000 SF Gym in Lower Manhattan

by Taylor Williams

NEW YORK CITY — Chelsea Piers Fitness will open a 76,000-square-foot gym in Lower Manhattan. The space, which includes 9,000 square feet for outdoor fitness uses, will span five levels within the planned mixed-use building at 250 Water St., which is being developed by a partnership between local developer Tavros and Atlas Capital. An opening date was not announced, but construction of the larger building is expected to begin this winter. No third-party brokers were involved in the lease negotiations.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityMassachusettsNortheastOffice

Ratio Therapeutics Signs 17,000 SF Office Lease Expansion in Boston’s Seaport District

by Taylor Williams

BOSTON — Ratio Therapeutics has signed a 17,000-square-foot office lease expansion in Boston’s Seaport District. The developer of radiopharmaceuticals for cancer patients will remain at the Innovation & Design Building, a 1.4 million-square-foot mixed-use property that was originally constructed in 1918 as a waterside storehouse for the South Boston Army Base. Ratio Therapeutics was self-represented in the lease negotiations. A partnership between Related Beal and Jamestown owns the building.

Continue Reading
FacebookTwitterLinkedinEmail
The office sector showed its strongest performance since COVID in the second quarter of 2026, according to the Lee & Associates’ 2026 Q2 North America Market Report.
AcquisitionsContent PartnerDevelopmentFeaturesIndustrialLeasing ActivityLee & AssociatesLoansMidwestMultifamilyNortheastOfficeRetailSoutheastTexasWestern

Lee & Associates’ Q2 Report: Office, Retail Markets Gain Momentum as Industrial, Multifamily Face Headwinds

by Sarah Daniels

The Lee & Associates’ 2026 Q2 North America Market Report finds that commercial real estate fundamentals are improving, but the pace of recovery varies significantly by property type and market. Office and retail sectors are showing renewed momentum, industrial demand continues to recover unevenly amid trade uncertainty and multifamily fundamentals are stabilizing as new supply begins to moderate. Across all sectors, investors and occupiers remain highly selective in an evolving market. Sponsored: Download Lee & Associates’ 2026 Q2 North America Market Report. Industrial Overview: Recovering Demand Is Uneven Amid Trade Tensions Demand for North American industrial space in the second quarter continued to recover from slowing caused by heightened trade uncertainties that began early last year. Modest tenant expansion in the United States remains well off pre-COVID average growth. In the United States, 44.4 million square feet of net absorption in the second quarter brought the mid-year total to 77.1 million square feet, about 30 percent less than the pre-pandemic five-year average. First-half deliveries fell to 93 million square feet, which included 44.4 million square feet in the first quarter — the least in seven years. Although supply additions have moderated, the pullback in tenant demand over the past three years …

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentHealthcareMixed-UseNortheastRhode Island

GNAM Underway on $92M Redevelopment of Hospital Campus in Pawtucket, Rhode Island

by Taylor Williams

PAWTUCKET, R.I. — New York City-based Global Asset Management Group (GNAM) is underway on the $92 million redevelopment of the 386,404-square-foot former Memorial Hospital campus in Pawtucket, located just north of Providence. Plans currently call for approximately 200 residential units, including both market-rate and affordable multifamily units, as well as dedicated veteran housing and support services. The redevelopment will also introduce retail and restaurant uses to the campus in addition to new healthcare and wellness facilities. GNAM acquired the property for $12 million and projects about $45 million in construction and redevelopment costs, not inclusive of additional soft costs. A timeline for completion was not announced.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts