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The deal, announced by CBRE Capital Markets' Debt & Structured Finance team, is for the Jersey City-based real estate developer's The Charlotte project, which will feature 750 units at 25 Christopher Columbus Drive in Jersey City.

With the sale-leaseback agreement, Transformco, the parent company of Kmart and Sears, continues to occupy the property to operate its main distribution center for the entire Southeast US that support Sears, Kmart, and Hometown stores.

Real estate players suspect the housing market has peaked and is heading modestly lower this year with new data that shows residential starts are down for the single family and multifamily sectors.

Tower Holdings Group is developing a co-living and hotel property in Bedford Stuyvesant, Brooklyn, betting that the asset type is a viable solution for access to affordable housing and community fosterment.

The Meritex Company and AEW Capital Management have secured an equity interest in an industrial portfolio, with plans to acquire additional assets.

The proprietary platform offers nonrecourse and recourse loans, with a permanent financing option granting 5-, 7- and 10-year terms across the single family rental sector.

Wharton Properties has acquired 166 Berry Street in Williamsburg, Brooklyn for $20 million, or $3,226 per-square-foot, in what is a record-setting transaction for the submarket.

The firm has submitted plans to the county for 235,000 SF of office space and 5,000 SF of street-level retail.