Paul Bubny

The New York City Council has approved the Uniform Land Use Review Procedure for Totem’s Herkimer-Williams proposal. The mixed-use hub in Brooklyn’s East New York neighborhood will add up to 1,000 rental units, along with up to 114,000 square feet of retail, 400,000 square feet of commercial and 110,000 square feet of industrial space. Vivian Liao, co-founder ...

Dornin Investment Group (DIG), a private real estate investment firm specializing in distressed debt and value-add strategies, has acquired a $78-million non-performing loan on a 131-unit, 101,000-square-foot multifamily community to be developed at 57 Caton Pl. in Brooklyn’s Windsor Terrace neighborhood. The transaction was structured and financed through a combination of debt and equity arranged ...

 JLL Capital Markets arranged a $23-million senior financing for 1008 Mass Ave, a 65-unit luxury multifamily property in Cambridge, MA. With support from Boston Residential Group, LLC, JLL managing director Anthony Cutone, director Madeline Joyce and associate Michael Schwarze represented the undisclosed borrower in securing the loan through Manulife / John Hancock Life Insurance Co. Constructed in 1999 and ...

The HYM Investment Group, Cathexis Holdings, LP, the City of Revere, Related Fund Management and Suffolk broke ground on Portico, the second multifamily building at Suffolk Downs. The 473-unit project marks continued momentum for the 161-acre Suffolk Downs redevelopment, which is expected to deliver 10,000 homes across Revere and East Boston. A 2028 completion date is ...

Landau Properties, in partnership with the Mizrachi family’s Third Millennium Group and Midtown Equities, has closed on the purchase of 205 Montague St. in Brooklyn Heights. As part of its pre-development financing for the ground-up mixed-use project, the partnership secured a $113-million senior loan from Northwind Group and $100 million in equity, including $25 million in preferred equity from Atlas ...

Bain Capital Real Estate and 11North Partners have closed a capital raise of up to $1.6 billion to invest alongside their co-owned, dedicated open-air retail-focused operating platform, which they formed in April 2024. Two leading global institutional investors anchored the capital raise, which includes commitments from existing and new Bain Capital investors. Together with participation ...

Locally based Berkshire Residential Investments has paid $122 million for a newly constructed, 260-unit apartment property in Plymouth, MA, reported the Boston Business Journal. Hanover Co., based in Houston, opened the property, which overlooks two holes on the Pinehills Golf Club’s Rees Jones course, last year. It has now been rebranded as Berkshire at the ...

JLL has been selected by Yale New Haven Health System (YNHHS), described as Connecticut’s leading nonprofit healthcare system, to provide comprehensive real estate portfolio management across its 350 off-campus properties and eight million square feet of on-campus facilities spanning five hospitals. Vice chairman David Leviton and Matt Coursen, U.S. healthcare lead, leasing advisory, will lead ...

With dramatic increases in leasing activity in both cities, San Francisco and New York are leading the nation’s office comeback, Transwestern says in a new report. Titled The Giants Awaken, the report cites the strides the two markets have made in absorption, vacancy and availability rates, and rent growth. “New York has logged five straight ...

The New York State Gaming Commission on Monday gave final approval to three New York City casino projects, following approval two weeks ago by the New York State Gaming Facility Location Board. Bally’s Bronx, Resorts World New York City and Metropolitan Park will now receive gaming licenses. All three projects may now move forward under the condition that each ...

The City of Boston’s Office to Residential Conversion Program has been extended ahead of its scheduled expiration at the end of this month. The program, which formally launched in October of 2023, has received 22 applications to convert 1.2 million square feet of office space across 27 buildings into 1,517 new homes, including 284 income-restricted ...

Marcus & Millichap closed the sale of Winnipesaukee Self Storage, a 512-unit self-storage property in Gilford, NH. Pricing was not disclosed. “I am very excited to execute this sale for the sellers at a tremendous price and price per square foot,” said Nathan Coe, senior managing director investments. “This facility is in a very high-barrier-to-entry lake community and is truly Class A. ...

The latest Emerging Trends report from PricewaterhouseCoopers and the Urban Land Institute puts seniors housing, along with data centers, at the head of the list of commercial property types for investment and development prospects. With the youngest of the Baby Boom generation now in their early 60s, seniors housing certainly has demographic tailwinds propelling it. Limited new supply is another plus.  However, succeeding in the ...

Gantry secured an $11-million permanent loan to refinance a Buena Park retail center located at 5960–5990 Orangethorpe Ave. and anchored by a strong collection of fast-casual and quick-service restaurant concepts. Principal George Mitsanas, senior director Bahman Mirhashemi and associate Alicia Sabanero from Gantry’s El Segundo office, represented the borrower, a private real estate investor. The ...

Affinius Capital and Kennedy Wilson have closed on financing for the ground-up development of Harborside 8, a 65-story, 678-unit multifamily project located on the waterfront in Jersey City. The capitalization includes $78 million of preferred equity provided by Affinius and a $306-million senior loan originated by Kennedy Wilson. The property is being developed by Panepinto Properties on one ...

JLL Capital Markets arranged a $47-million first mortgage loan for Storage Post East Village, a newly repositioned, Class A, climate-controlled, self-storage facility located at 444 E. 10th St. in the East Village. Senior managing director Steven Klein and senior director Robert Tonnessen represented the borrower, a wholly owned subsidiary of self-storage owner operator and developer ...

California Gov. Gavin Newsom on Thursday announced more than $865 million in new investments to build affordable housing, expand transit, and protect communities from climate change. The awards include funding for 39 new affordable housing projects in 21 communities across the state and major sustainable transportation upgrades, with $185.6 million going to Los Angeles County ...

Open-air shopping center owner-operator DLC and a fund managed by DRA Advisors have acquired an off-market, multistate shopping center portfolio totaling approximately 2.12 million square feet for $429 million. The joint venture is an eight-asset portfolio, marks DLC’s first retail acquisitions in Phoenix and Oklahoma, and expands its presence in Texas and Florida. Anchored by long-term ...

Space Investment Partners, a Southern California-based private real estate investment, development and management company, has acquired Topanga Gateway, a 123,402-square-foot open-air grocery-anchored retail center located at 21909 Ventura Blvd. in Woodland Hills. The lifestyle center was purchased for $64 million from a private investor. Eastdil Secured represented both buyer and seller. The center is located at the high-traffic intersection ...

Walker & Dunlop, Inc. arranged a comprehensive financing package for the development of 22 Fulton St., a luxury multifamily project located within a Qualified Opportunity Zone in Newark, NJ. Walker & Dunlop Capital Markets Institutional Advisory, led by Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Jordan Casella, Michael Ianno and Jackson Irwin, arranged the full financing package on behalf of SK Development ...