New York & Tri-State

The Big Apple leads the nation in apartment rent growth, bolstered by high occupancy and limited supply. New York City saw multifamily asking rents rise 5.6% year-over-year in June, the highest growth rate among major markets in the U.S., according to a recent report by Yardi Matrix. Manhattan’s overall average asking rent led the nation …

T&E Development has acquired a vacant development site near Manhattan’s Hudson Yards for $33.5 million. PPHE Hotel Group sold the 9,875-square-foot lot, 538-542 West 29th Street, with Colliers’ New York Capital Markets team arranging the deal on behalf of the seller. Featuring 74,063 square feet of as-of-right zoning floor area, the site sold for approximately …

Simone Development Companies has signed two new leases totaling 36,000 square feet at its Mount Vernon, NY industrial center, marking the full lease-up of the two-story, 63,445-square-foot property. Located at 560 South Third Avenue, the facility features on-site parking, high clear ceiling heights, and a drive-in and loading dock, along with convenient access to the …

CBRE completed the sale of 101 and 201 Merritt 7, two Class A office buildings totaling 511,318 square feet in Norwalk, CT on behalf of seller Merritt 7 Venture LLC. A joint venture of Saber-Hightower LLC, Granoff Real Estate & Wind River Holdings plans to convert the two buildings into M7 Lofts, a 286-unit luxury …

Sterling Equities has announced a major leadership transition, with Fred, Richard, and Scott Wilpon moving on to pursue other ventures. Sterling partners Saul B. Katz, Michael Katz, David Katz, Gregory Katz, Todd Katz, Bruce Wilpon, and Thomas Osterman will continue on as owners and leaders of the Great Neck, NY-based firm. Founded in 1972 by …

Burman Real Estate, AJM Real Estate, Caiola Real Estate Group and Park It Management broke ground on The Bridge, a $130- million, nine-story condominium development that will bring 101 for-sale, luxury residences and a 10,000-square-foot event venue to downtown Mineola, NY. The project is located at 212-214 Third St., directly across from the Mineola Long Island Rail Road …

A trio of companies have inked leases totaling more than 182,000 square feet at The Swig Company’s 1411 Broadway following a $100 million renovation of the Midtown office tower. Software company Zeta Global signed a 10-year, 50,500-square-foot lease across the entire 38th and 39th floors of the property, doubling its footprint and relocating its headquarters, …

George Comfort & Sons and its partners Loeb Partners Realty and Jamestown have signed Havas Health to a lease expansion that grows its footprint to 254,118 square feet at 200 Madison Ave.  The agreement also includes a 15-year extension that will maintain the advertising firm’s presence at the premier Grand Central district office tower through at least 2041. …

EOM Equity has acquired a 100-unit apartment community in Paterson, NJ, from Redwood Associates, an affiliate of Value Companies, Inc. JLL Capital Markets facilitated the sale of the 99% occupied community, Valley View Apartments. Built in 1965, the property is located at 149 Katz Ave. and features 79,661 rentable square feet across a mix of …

Dwight Mortgage Trust, the REIT affiliate of Dwight Capital, has provided a $70 million loan for Cosmo 440, a recently renovated, 216-unit multifamily tower in the Weequahic neighborhood of Newark, NJ. The borrower is an entity sponsored by Yisroel Berger. Commercial real estate finance firm Drew Capital arranged the non-recourse, interest-only loan, after previously sourcing …

Developers have begun work on a new 80-unit affordable housing property on the site of a former factory in the Adirondack village of Tupper Lake, NY. The $46 million project will transform the long-vacant Oval Wood Dish Factory into modern apartments and more than 25,000 feet of commercial space, with residences affordable to households earning …

BFC Partners and SAA Canopy Group have closed on a $269-million construction loan to transform the long-standing Parkside Commons housing complex on Syracuse’s East Side. The project will deliver a total of 393 affordable apartments through a combination of renovated and newly constructed housing. “Our mission at BFC is to create high-quality affordable housing that enhances the quality of …

OPEN Impact Real Estate has arranged a 15-year lease totaling approximately 77,000 square feet located at 5902 Sixth Ave. in Brooklyn’s Sunset Park neighborhood for Launch Expeditionary Learning Charter School. The lease secures one of Brooklyn’s few available purpose-built educational campuses and provides Launch High School with a permanent, purpose-built home. The transaction includes a 60,728-square-foot school …

New York City Economic Development Corporation (NYCEDC) launched a year-long pilot of the Circular Construction Hub at MADE Bush Terminal in Sunset Park, Brooklyn. The hub will be operated by Our Temenos, a Brooklyn-based ecological landscaping firm, and will focus on the recovery, storage, sorting, and redistribution of construction materials to reduce waste, extend material lifecycles, and generate …

The FIFA World Cup 2026 generated $3.5 billion in total economic impact across New York and New Jersey, exceeding the region’s original projected impact of $3.3 billion. Activity related to the tournament generated approximately $1.9 billion in direct spending, supported 27,424 total full-and part-time jobs, generated approximately $1.4 billion in total labor income and spurred …

Lincoln Property Company, Saber-Hightower and Waterfall Asset Management have acquired a $450-million Tri-State portfolio spanning four million square feet of existing properties and prime development sites across 300 acres in New York, New Jersey and Connecticut.  The portfolio is headlined by iPark 84 in East Fishkill, NY, a 270-acre business park comprising approximately 1.8 million …

Ariel Property Advisors arranged the sale of a three-building multifamily portfolio at 2460 Grand Ave. and 636-646 E. 231st St. in the Bronx for $7.5 million. Senior director Sam Schertz, director Daniel Mahfar and investment sales associate Erik Maloney represented the seller. “This sale highlights the continued demand for multifamily properties offering scale and long-term upside in …

Denham Wolf Real Estate Services represented The Geneva School of Manhattan in acquiring a permanent Upper West Side campus, securing a long-term home for the independent Classical Christian school. Approved by the United States Bankruptcy Court in July, the acquisition establishes a long-term home for the school. The six-story, 38,838-square-foot educational facility was acquired for $33.2 million …