Northeast

Real Estate NJ An undisclosed furniture manufacturer has signed a lease to fully occupy the 308,550-square-foot industrial building at 481 Weston Canal Road in Somerset, N.J., about 45 miles southwest of New York City. Bridge Development Partners owns the property,...

Crain's New York Business A New York State Supreme Court judge temporarily halted the auction of four junior mezzanine loans that CIM Group had provided against four residential condominium buildings in Manhattan. The ruling came after HFZ Capital Group, which...

Commercial Observer Symetra Life Insurance Co. has provided $47.5 million of financing against 19 apartment properties with 1,188 units in Manhattan, Brooklyn, N.Y., and the Bronx, N.Y. Altman Warwick arranged the debt on behalf of Millbrook Properties, which owns the...

The Real Deal The Related Cos. has agreed to sell 1 Union Square South, a 240-unit apartment property in Manhattan, for $218 million, or about $908,333/unit. A family office is buying the 27-story building in a deal that's being brokered...

Real Estate NJ A family office has sold the 120,000-square-foot retail building at 75 McLean Blvd. in Paterson, N.J., for $34 million, or $283/sf. Home Depot fully leases the property on a net-leased basis. The buyer was not disclosed. NKF...

The Real Deal The New York Hospitality Alliance found that 88 percent of restaurants in New York City did not pay all their rents that came due in October. That's up slightly from 87 percent in September. The organization, which surveyed...

Boston Business Journal Alexandria Real Estate Equities Inc. has paid $168.5 million for the development site at 380-420 E St. in Boston. The Pasadena, Calif., REIT acquired the site from Centerbridge Partners, a New York investment manager. The site consists...

Crain's New York Business New York Governor Andrew Cuomo has ordered that bars, restaurants and gyms in the state must close by 10 p.m., starting tomorrow. The restrictions come as the number of coronavirus cases continue to climb in the...

Commercial Observer JCS Realty has secured $60 million of construction financing for the development of a 215-unit apartment project at 276 Grand Concourse in the Bronx, N.Y. S3 Capital Partners provided the loan, which was arranged by Meridian Capital Group....

Crain's New York Business Realterm has paid $28 million, or nearly $555/sf, for the 50,500-square-foot industrial property at 235 Gardner Ave. in Brooklyn, N.Y. The Annapolis, Md., company bought the property from Manya Operating Corp. of Rockland County, N.Y. The...