IRVINGTON, NJ—Key Food Stores has opened its newest SuperFresh location at Lyons Plaza here. The 48,720-square-foot store is in the space formerly occupied by Pathmark. The 78,000-square-foot neighborhood shopping center is a joint venture of Eastman Companies, Samuel Pepper of Metropolitan Mortgage & Realty and the Arlyn/Lysar Companies. Florian Suserman and Stephanie Harris of Ripco Real Estate Corp. represented the landlord in the lease and David Brecher and Robert Capatina of Space Realty Services represented the tenant.

News & Notables

NEW YORK CITY—A host of city and state dignitaries are expected to join developer MacQuesten Development Thursday morning for the groundbreaking of its 155,000-square-foot mixed-use project at 670 Van Sinderen Ave., in the East New York section of Brooklyn. Scheduled to attend or speak at the event are Vicki Been, board chair of the NYC Housing Development Corp. and commissioner of the NYC Dept. of Housing Preservation & Development; City Council member Inez Barron; State Senator Roxanne Persaud; Bill Wilkins, director of the East Brooklyn Housing Development Corp. and Ron Schulman, founder of Best Development Group. The complex will include 130 affordable rental apartments and over 20,000 square feet of retail and community space.

WOBURN, MA—Callahan Construction Managers has completed its second of three assisted living projects with Benchmark Senior Living in Woburn, MA. The 73,000 square-foot senior housing project includes a total of 87 apartments that consist of 20 Memory Care units, as well as 67 assisted living units.

PLEASANTVILLE, NY—Pace University has opened its newest dormitory, Elm Hall. The 23 million, 272-bed residence hall spans 96,000 square feet. It is the final piece of a three-year redevelopment of the 200-acre campus, which combines the university's Briarcliff and Pleasantville campuses.

MILFORD, CT—Greysteel has arranged the refinance of Spinnaker Brook, a multifamily property at 158 Cherry St. here, on behalf of the Wolff Co. The 10-year, non-recourse loan for the property built in 2007, was provided by an agency lender under the Freddie Mac Small Balance Loan program. The financing features a fixed-rate and three years of interest-only payments followed by a 30-year amortization schedule. The transaction was negotiated by Greysteel senior director Anton Mattli and finance associate John Marshall Doss, who are both based in the company's Dallas-Fort Worth, TX office.

NEW HAVEN, CT—Capital One has provided a $32.5-million fixed-rate loan under Fannie Mae's near-stabilization program to Cooper Church to refinance The Union, a 137-unit, Class A high-rise apartment building here. Capital One's commercial real estate group SVP Paul Kesicki originated the transaction. The 10-year fixed-rate loan has three years of interest-only payments followed by amortization on a 30-year schedule and 9.5 years of yield maintenance.

Here's what you missed this week in commercial real estate across the Northeast.

DealTracker

NEW YORK CITY—The Roosevelt, a luxury mixed-use building at 40-07 73rd St. in Jackson Heights, Queens, has traded for nearly $30 million. The property features 31 residential units, 10 commercial tax lots and a parking garage. Peter Von Der Ahe and Joe Koicim of Institutional Property Advisors—a division of Marcus & Millichap—along with Shaun Riney and Michael Salvatico, both who work in Marcus & Millichap's Brooklyn office, represented the seller and procured the buyer, both of which were not named.

IRVINGTON, NJ—Key Food Stores has opened its newest SuperFresh location at Lyons Plaza here. The 48,720-square-foot store is in the space formerly occupied by Pathmark. The 78,000-square-foot neighborhood shopping center is a joint venture of Eastman Companies, Samuel Pepper of Metropolitan Mortgage & Realty and the Arlyn/Lysar Companies. Florian Suserman and Stephanie Harris of Ripco Real Estate Corp. represented the landlord in the lease and David Brecher and Robert Capatina of Space Realty Services represented the tenant.

News & Notables

NEW YORK CITY—A host of city and state dignitaries are expected to join developer MacQuesten Development Thursday morning for the groundbreaking of its 155,000-square-foot mixed-use project at 670 Van Sinderen Ave., in the East New York section of Brooklyn. Scheduled to attend or speak at the event are Vicki Been, board chair of the NYC Housing Development Corp. and commissioner of the NYC Dept. of Housing Preservation & Development; City Council member Inez Barron; State Senator Roxanne Persaud; Bill Wilkins, director of the East Brooklyn Housing Development Corp. and Ron Schulman, founder of Best Development Group. The complex will include 130 affordable rental apartments and over 20,000 square feet of retail and community space.

WOBURN, MA—Callahan Construction Managers has completed its second of three assisted living projects with Benchmark Senior Living in Woburn, MA. The 73,000 square-foot senior housing project includes a total of 87 apartments that consist of 20 Memory Care units, as well as 67 assisted living units.

PLEASANTVILLE, NY—Pace University has opened its newest dormitory, Elm Hall. The 23 million, 272-bed residence hall spans 96,000 square feet. It is the final piece of a three-year redevelopment of the 200-acre campus, which combines the university's Briarcliff and Pleasantville campuses.

MILFORD, CT—Greysteel has arranged the refinance of Spinnaker Brook, a multifamily property at 158 Cherry St. here, on behalf of the Wolff Co. The 10-year, non-recourse loan for the property built in 2007, was provided by an agency lender under the Freddie Mac Small Balance Loan program. The financing features a fixed-rate and three years of interest-only payments followed by a 30-year amortization schedule. The transaction was negotiated by Greysteel senior director Anton Mattli and finance associate John Marshall Doss, who are both based in the company's Dallas-Fort Worth, TX office.

NEW HAVEN, CT—Capital One has provided a $32.5-million fixed-rate loan under Fannie Mae's near-stabilization program to Cooper Church to refinance The Union, a 137-unit, Class A high-rise apartment building here. Capital One's commercial real estate group SVP Paul Kesicki originated the transaction. The 10-year fixed-rate loan has three years of interest-only payments followed by amortization on a 30-year schedule and 9.5 years of yield maintenance.