Paul Bubny

Los Angeles-based multifamily developer Cypress Equity Investments (CEI) and an unnamed Florida-based investment firm with more than $50 billion in assets under management have launched a platform to deploy significant capital into the acquisition and development of institutional-quality affordable housing across the U.S. The venture launches with an initial pipeline of 11 ground-up development sites in ...

Chelsea Piers Fitness said Tuesday it has signed a long-term lease with TF Cornerstone (TFC) to open a new club at 135 E. 57th St. The new 47,000-square-foot location will be located on the ground and lower floors of the 32-story Midtown East building recently purchased by TFC as its newest office-to-residential conversion project. The new location ...

Third-quarter 2025 Yardi Matrix development pipeline data continue to indicate a deceleration in new self-storage development. However, with a larger-than-expected inventory in the under-construction pipeline at quarter’s end, the Q4 update to the supply forecast increases projected completions by 4.3% for 2025 and 4.6% for 2026. Forecasts for 2027 through 2030 are unchanged. Through the ...

In one of the year’s largest single-asset Inland Empire industrial deals, Bridge Logistics Properties (BLP), a subsidiary of Bridge Investment Group Holdings LLC, has acquired a 1,101,900-square-foot Class A industrial distribution facility at 10681 Production Ave. in Fontana. The property was previously owned by Scuderia Properties and the sale price was $174 million, according to published reports. “This is a defining ...

A private real estate investor has acquired Fieldstone Marketplace, a 192,003-square-foot shopping center located at 500 Kings Hwy. in New Bedford, MA. The sale price was $12.2 million. The CBRE National Retail Partners team of Nat Heald, Connor Scott and Jordana Roet spearheaded the marketing campaign for the retail complex and represented the seller. The ...

Arrow Real Estate Advisors has arranged a $50,000,000 refinance on behalf of Lexington Property Group for The Royal Ledges Apartments, a 19-building, 222,000-square-foot, 272-unit multifamily community located at 4676 Albany Post Rd., Hyde Park, NY. The loan was provided by Deutsche Bank. Arrow founder and managing partner Morris Betesh, director Israel Mermelstein, SVP Omar Ferreira ...

CEDARst Companies, a nationally recognized multifamily real estate developer, has officially broken ground on Bancroft Lofts, a $106-million multifamily community located at 3760 Bancroft St. in San Diego’s North Park neighborhood. The 255,000-square-foot development will deliver 218 apartments, with completion anticipated by December 2027. Bancroft Lofts marks CEDARst’s second project to break ground in San ...

Los Angeles strengthened its rent stabilization law for the first time since 1985 Wednesday, setting a 4% ceiling on annual rent increases for a massive portion of the city’s housing stock, reported the Los Angeles Times. The historic vote by the L.A. City Council to update the Rent Stabilization Ordinance will help set rents in ...

Sagard Real Estate, formerly EverWest Real Estate Investors, has acquired a 66,970-square-foot industrial facility at 8 Roessler Rd. in Woburn, MA. Deal terms were not disclosed. The property is located in one of Greater Boston’s highest-performing industrial submarkets, according to Sagard. The Route 128 North submarket benefits from high barriers to new development and strong ...

Cushman & Wakefield arranged a 15,542-square-foot lease for the Office of the Appellate Defender (OAD) at 42 Broadway in Downtown Manhattan. The not-for-profit organization will occupy the 14th floor of the building, owned by Cammeby’s International Group and leased by The Lawrence Group. Cammeby’s offers flexible workspace options for tenants of varying sizes across six Manhattan properties, including 42 Broadway. ...