10Y UST5.22%-1.14%30Y MTG7.40%+1.65%SOFR3.87%-0.26%VNQ$90.65+1.45%XLRE$41.61+1.86%FED FUNDS3.88%
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Connect CRE · Capital

Toll Brothers City Living Assembles Parcels for West Chelsea Development

Via Connect CRE · October 9, 2026
Compiled by Real Estate Trail Editorial · October 9, 2026

Why this matters

Capital markets activity continues to be defined by the rotation from bank balance sheets to non-bank lenders. Private credit funds have raised record dry powder; banks have tightened CRE underwriting standards for the sixth consecutive quarter. The result is a market where well-sponsored deals clear, and marginal credit pays a meaningful spread to do so. For LPs, the allocation conversation has shifted decisively toward real estate debt, with equity allocations being deployed more selectively into operator-led platforms.

Editorial analysis · Real Estate Trail Editorial

Excerpt from Connect CRE:
Adirondack Capital Partners (ACP) closed the $45-million sale of 126/128 Tenth Ave. and 456 W. 18th St. to Toll Brothers City Living. The acquisition forms part of a broader West Chelsea development assemblage anchore…
Read the full article at Connect CRE →

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