Northmarq Arranges $15M Loan for Refinancing of Queens Shopping Center
Why this matters
Retail has become a quiet outperformer. A decade of effectively zero new development has left necessity-driven, grocery-anchored, and Sun Belt strip product with negligible vacancy and re-leasing spreads in the high single digits. Cap rates have compressed in step, and the bid for stabilized portfolios is again broad across REITs, pension funds, and institutional core-plus capital. New York continues to bifurcate sharply: trophy office leasing at record rents, commodity Class B in conversion discussions or court-supervised processes. Rent-stabilized multifamily remains supply-constrained and tightly held. The asset class has effectively rerated as a defensive yield trade rather than a secularly challenged sector.
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On the RET wire
- The 91st New York story tracked on the wire in October 2026. All New York coverage →
- Disclosed retail deal value tracked in October 2026: $6B across 42 reported transactions. All Retail coverage →
- 50 stories mentioning Northmarq on the wire in the past 90 days. Northmarq coverage →
Computed from Real Estate Trail’s own tracked coverage
NEW YORK CITY — Northmarq has arranged a $15 million loan for the refinancing of the 34,949-square-foot Atlantic Plaza Shopping Center in Queens. The center, which is located in the borough’s Ozone Park neighborhood,…
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