Greg Isaacson
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Articles by Greg Isaacson
SL Green, Mori Trust Secure $2B Refi of Midtown Office Tower
SL Green Realty Corp. and a U.S. affiliate of Mori Trust Co. have secured a $2 billion refinancing of 245 Park Ave., a 44-story office tower spanning the entire block between East 46th and East 47th in Midtown Manhattan. The five-year, fixed-rate financing carries an interest rate of 6.52% and replaces the property’s previous $1.768 billion of mortgage and mezzanine financing, SL Green announced.
Upper East Side Condo Project Lands $52M Construction Loan
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. New York & Tri-State + Uptown/Bronx + Apartments | Developers Grand Cru Real Estate (GCRE) and Visabve Corp. have received a $52.5 million construction loan from S3 Capital for a 28-unit residential building on Manhattan’s Upper East Side. The financing for the ground-up development closed in tandem with the sponsor’s acquisition of the site at 1527 York Ave. this month.
Bic Inks Plan to Move Offices from Shelton to Norwalk
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. New York & Tri-State + Fairfield/Westchester + Office | Bic, the global maker of ballpoint pens and disposable razors, has decided to relocate its U.S. corporate offices 20 miles southwest within Connecticut’s Fairfield City. Currently located at 1 BIC Way in Shelton, the company will lease a 32,000-square-foot space in the 501 building of the Merritt 7 office park in Norwalk.
Greystar Opens New 416-Unit Community North of Boston
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. Boston & New England + Metro Boston + Apartments | Greystar has begun to welcome residents to Juniper, its fifth apartment community in a formerly industrial neighborhood that the company is redeveloping north of Boston in Everett, MA.
Office Vacancy Tightens in Metro Boston As Demand Outpaces New Supply
Office demand is outpacing supply in the Boston metro area, with vacancy expected to decline 10 basis points year-over-year to 19.1% in the fourth quarter, according to a newly released report by Marcus & Millichap. The market saw its first annual vacancy dip since 2022 earlier this year as select Class A offices and several larger districts posted meaningful occupancy gains.
Cummins Inc. Archives
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Plans Filed for 155-Unit Office-to-Apartment Conversion in Boston
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. Boston & New England + Boston + Apartments | Boston continues to be a hub for office conversion enthusiasts, with Kendall Capital planning to convert a landmark office building in Boston’s Financial District into a 155-unit residential property. The 155,000-square-foot project would be financed through historic tax credits, according to a report by Banker & Tradesman.
Growing Biotech Firm Leases 33K SF in New Haven
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. Boston & New England + New England + Office | Biotech firm Invivyd is more than tripling its headquarters space in downtown New Haven, CT by signing a long-term lease for about 33,000 square feet at a landmark building neighboring Yale University. The transaction was reported by Hartford Business Journal.
Long Island City Commercial Building Changes Hands for $6M
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. New York & Tri-State + Outer Boroughs + Apartments | A local developer has purchased a commercial unit in Long Island City for $6.1 million, or approximately $407 per buildable square foot, with plans to redevelop the building into high-end condos. Marcus & Millichap negotiated the sale of the property at 49-03 Fifth St., which is currently home to an auto repair shop.
Hedge Fund Takes Top Floors at Related Cos. Skyscraper
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. Atlanta & Southeast + New York & Tri-State | Manhattan hedge fund manager Castle Hook Partners has agreed to lease the entire top two floors of 625 Madison Ave., the 53-story office tower being developed by Related Cos. in Midtown East, according to city property records cited by the New York Business Journal. The 15-year lease comes with extension options totaling up to 10 years.
Chelsea Warehouse to be Redeveloped into Office Building
Jamison Commercial RE and Cahn Family Associates LLC are redeveloping a six-story warehouse and textile building in Manhattan’s West Chelsea Arts District into a boutique office property. Owned and occupied by the Cahn family’s textile business for over 40 years, the building is located at 510-514 W. 27th St., with more than 100 feet of frontage overlooking the High Line.
Solidcore Gains New Upper East Side Location
Strength training brand Solidcore has signed for the ground-floor space of an upcoming apartment building in Manhattan’s Upper East Side, as luxury fitness operators continue to flex their muscles in the city’s retail leasing market. The company leased the space at The Langdon, a high-end apartment building developed by Alchemy-ABR Investment Partners and Azur Holdings Management LLC at 288 E. 88th St. The long-term lease measures 2,507 square feet, according to a source familiar with the deal.
William Gottlieb Real Estate
Retail Aurora JV Lands $293M Manhattan Refi The asset contains both office and retail space. Dees Stribling - September 21, 2026 Development Studio Gang’s 1st NYC Project Completed Aurora Capital Associates and William Gottlieb Real Estate have wrapped construction of the debut New York City building designed by Studio Gang. The signature tower is adjacent to the High Line in Manhattan’s Meatpacking District. Greg Isaacson - August 13, 2019
Global Holdings Lands $382M Refi for Midtown Tower
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. New York & Tri-State + Midtown New York + Office | Private equity firm Global Holdings has secured a $382.4 million refinancing loan for its Midtown Manhattan office tower at 120 Park Ave., with Wells Fargo and German bank LBBW originating the note. The funding, reported by The Real Deal, retires the property’s existing $335 million loan from HSBC.
NYC Plans 215-Unit Bronx Apartment Building
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. New York & Tri-State + Outer Boroughs + Apartments | New York City’s Department of Housing Preservation & Development (HPD) has filed plans for a 215-unit apartment building on a vacant city-owned lot in the Bronx’s Melrose neighborhood. The 176,000-square-foot building at 3116–3124 Third Ave.
Northern New Jersey Shopping Center Changes Hands
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. New York & Tri-State + New Jersey + Retail | Adoni Property Group has acquired the 60,614-square-foot shopping center in Northern New Jersey’s Basking Ridge from Kushner Real Estate Group. JLL Capital Markets arranged the sale and secured $12.2 million in acquisition financing on behalf of the buyer through an unidentified life insurance firm.
AI Growth Propels Tech to 2nd Place in NYC’s Office Leasing Frenzy
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. New York & Tri-State + Downtown New York + Office | Technology has become New York City’s second most active leasing sector, behind finance, as the AI boom takes an expanding bite out of the Big Apple’s office supply, according to a new JLL report. Finance, law and tech now account for more than 70% of the city’s leasing activity year-to-date, up from an average of 50% throughout the 2010s.
Fidelity to Move HQ to Boston’s Commonwealth Pier
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. Boston & New England + Boston + Office | Fidelity will relocate its official headquarters to South Boston’s Commonwealth Pier as the financial services behemoth preps to return its employees to the office full-time.
Wood Partners Breaks Ground on All-Electric Community Near Boston
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. Boston & New England + Metro Boston + Apartments | National multifamily developer Wood Partners is expanding its presence in Massachusetts with the construction of a sustainable 237-unit community in Concord, about 20 miles northwest of Boston. The company has broken ground on the property and expects to wrap up construction in February 2028.
Cleveland Clinic Archives
Office Cleveland Clinic Opens 300 KSF Research Facilities The two-building expansion is part of the Cleveland Innovation District. Vicentiu Fusea - September 4, 2026 Development Cleveland Clinic Tops Out 2 Research Buildings The facilities will add 300,000 square feet to the health-care system’s main campus.
JLL Arranges Refi for Maine Self-Storage Asset
JLL has arranged a refinancing for a recently built self-storage facility managed by Extra Space Storage Inc. in South Portland, ME. Working on behalf of the borrower, The Ardent Companies, a JLL Capital Markets Debt Advisory team secured the five-year loan through a regional bank. Located at 193 Western Ave., just south of Portland International Jetport, Extra Space South Portland was completed in 2022 and has maintained high occupancy for 12 consecutive months.
BXP Acquires Boston-Area Office Buildings for $30M
Boston-based real estate investment trust BXP has acquired a pair of office buildings in Waltham, MA for a total of $30 million, according to county deed records cited by Banker & Tradesman. The two buildings are located at 860 and 870 Winter St. within the Bay Colony office park, west of Boston. The seller was an affiliate of the Massachusetts Medical Society, an industry group that is based in 860 Winter St. The other building was previously occupied by defense contractor Raytheon.
Canadian Group Buys Manhattan Hotel for $50M
Canada’s Manga Hotel Group has purchased the Chelsean New York Hotel in Manhattan for $50 million, or more than $316,000 per key for the 158-key property. The seller was Lam Generation, a hospitality real estate developer led by Jeffrey Lam, according to property records cited by Commercial Observer. Located at 158-162 West 25th Street, the hotel was developed in 2001.
City Opens Housing Lottery for 227 South Bronx Apartments
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. Atlanta & Southeast + New York & Tri-State | New York City has launched a housing lottery for 227 units at One River Park, a major two-tower development under construction alongside Harlem River in the South Bronx. The lottery, which ends September 24, is open to people earning between 70% and 130% of the area median income (AMI), according to the city’s Housing Connect portal.
CIM Group, Hulic Pick Up White Plains Apartment Building
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. New York & Tri-State + Fairfield/Westchester + Apartments | CIM Group has made its first foray into Westchester County by acquiring a new 135-unit apartment building in White Plains, NY, in partnership with Japan’s Hulic Co., Ltd. Although financial terms were not disclosed, the Westfair Business Journal reported that the asset sold for $64.3 million. Located at 51 S.
Namdar Group Lands $390M Construction Loan in Jersey City
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. New York & Tri-State + New Jersey + Apartments | Namdar Group has scored $390 million in construction financing for Park Tower, a 47-story multifamily project in the Journal Square neighborhood of Jersey City, NJ.
Albany Plans $25M Makeover for Government Complex
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. New York & Tri-State + New York + Office | New York’s Office of General Services (OGS) plans to spend $25 million to improve Empire State Plaza, a 98-acre complex of state government buildings in Albany, with the aim of creating a more active and accessible civic space.
New Apartment Building in Berkeley Heights Live-Work Campus Opens Doors
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. New York & Tri-State + New Jersey + Apartments | Move-ins are officially underway at RT500, a new 179-unit luxury community developed by The Connell Company in Berkeley Heights, NJ. The 11-story property is located within The Park, a 185-acre mixed-use campus about 30 minutes from downtown New York City.
LaSalle IM, Camber Pick Up Long Island Industrial Portfolio
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. New York & Tri-State + Long Island + Industrial | A joint venture of LaSalle Investment Management and Camber Real Estate Partners has acquired a three-property industrial portfolio spanning more than 270,000 square feet on Long Island for an undisclosed price.
Related Companies Snags 150K SF Lease at Upcoming Midtown Tower
Manhattan’s leasing frenzy continues, with global investment firm General Atlantic inking a long-term lease for more than 150,000 square feet at Related Cos.’ under-construction Midtown tower 625 Madison Ave. General Atlantic will occupy five floors as the anchor tenant upon the property’s opening, which is slated for 2029. The space will serve as the company’s global headquarters, supporting General Atlantic’s New York team of more than 330 professionals.
Go Outdoors Heads to Boston for Marina Purchase
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. Boston & New England + Boston + Hospitality | Investment platform Go Outdoors has acquired Boston’s Constitution Marina for an undisclosed price, allowing the longtime owners of the top-rated waterfront facility to sail into retirement. Colliers brokered the sale of the 273-slip marina, representing the seller, Bosport Docking, LLC. Go Outdoors was not represented by a broker.
New Hampshire Rehab Property Trades for $7.5M
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. Boston & New England + New England + Healthcare | A former rehab facility in Manchester, NH has changed hands for $7.5 million, with the new owner planning to open a recovery center at the property. Manchester Alcoholism Rehabilitation Center, an affiliate of nonprofit Easterseals, sold the property at 140 Queen City Ave.
Midtown Office Tower Scores Leases Totaling 182K SF
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, the New York Business Journal reported.
Former Factory to Receive New Life as Affordable Homes in Upstate NY
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. New York & Tri-State + New York + Apartments | 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.
Advanced Materials Firm Nearly Doubles MA Footprint
CPS Technologies Corp., a NASDAQ-listed advanced materials company based in Massachusetts, is moving its headquarters in and nearly doubling its footprint in the process. The company has signed an 80,000-square-foot lease for its new home in Attleboro, MA, less than 10 minutes from its current facility in Norton.
Paterson Apartment Community Changes Hands
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. New York & Tri-State + New Jersey + Apartments | 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.
Bedford Manufacturing Campus Lands $63M Loan
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. Boston & New England + Metro Boston + Industrial | A partnership between Wheelock Street Capital and Camber Development has secured a $62.5 million loan for a purpose-built advanced manufacturing campus in Bedford, MA. JLL Capital Markets worked on behalf of the borrower to arrange the financing through Blue Light Capital.
New York City Sees Nation’s Fastest Multifamily Rent Growth
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. New York & Tri-State + Downtown New York + Apartments | 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.
Simone Development Leases Up Mount Vernon Warehouse
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. New York & Tri-State + Fairfield/Westchester + Industrial | 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.
Sterling Equities Announces Leadership Shakeup
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. New York & Tri-State + Long Island + Finance | 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 Fred Wilpon and Saul B.
Dwight Mortgage Trust Provides $70M Loan for Newark Multifamily
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 construction financing for the building’s gut renovation and lease-up financing.
Queen City Development Group Buys Southern Maine Industrial Asset
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. Boston & New England + New England + Industrial | Burlington, VT-based Queen City Development Group has acquired a 100,255-square-foot industrial building in Brunswick, ME. JLL arranged $6.9 million in acquisition financing on behalf of the borrower, securing the five-year, fixed-rate loan through Bangor Savings Bank.
Manhattan Condo Site Changes Hands for $34M
New York & Tri-State + Downtown New York + Apartments | 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 $452 per buildable square foot.
WinnCompanies Launches $42M Affordable Housing Rehab in Western MA
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. Boston & New England + Massachusetts + Apartments | WinnCompanies has closed on financing for the purchase and rehabilitation of Chicopee Village Townhomes, a 290-unit affordable housing community in western Massachusetts.
Massachusetts Awards $15M in Tax Credits to Support 856 New Homes
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. Boston & New England + Massachusetts + Apartments | The Healey-Driscoll Administration has announced $15.3 million in tax credits to spur five projects that will convert vacant or underutilized commercial properties into housing throughout Massachusetts.
City Realty Buys Brookline Multifamily Portfolio for $23M
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less. City Realty has acquired a nine-building multifamily portfolio in Brookline, MA for $23.15 million. Colliers facilitated the sale on behalf of Ramon Realty. The portfolio, which features a 95% occupancy rate, totals 65,262 square feet across 49 residential units and three commercial spaces.
Vanbarton Group Archives
Finance Vanbarton Lands $352M for Midtown Manhattan Tower Goldman Sachs provided the loan using BlackRock funds. Maria Maruta - July 10, 2026 Deals Vanbarton Group Lands $28M Refi for Hollywood Asset Insurance firm Global Atlantic Financial Group provided the floating-rate loan for the newly renovated creative office property.
Ashford Hospitality Trust Inc.
Investment Certares, Clearview Buy Savannah Hotel The riverfront asset previously changed hands 15 years ago. Simona Tudose - July 3, 2026 Deals Ashford Hospitality Sells 2 Hotels for $38M The REIT utilized proceeds from the sale of hotels in Georgia and Wisconsin to pay down debt. Barbra Murray - August 16, 2019 Deals Ashford to Pay $275M for Hotel Management Platform The Dallas-based company has agreed to purchase the platform from Remington.
Mall of America Archives
Retail Building Connected Communities Through Retail, Mixed-Use Here’s why child-friendly spaces matter more than ever. Madalina Pojoga - June 15, 2026 Brokerage M&M’s Maker Taps Hunger for Retail Experiences Mars Retail Group is planning new interactive candy stores in Florida, Minnesota and Germany. Greg Isaacson - January 24, 2020 Brokerage Fourpost Aims to Change the Retail Landscape With New Model Founder & CEO Mark Ghermezian’s company is launching Nov.
Metzler Real Estate Archives
Industry execs shared their insights on the association’s latest annual survey and what it means for America’s real estate markets.
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