In the last five years, institutional construction starts in New York City have risen more than 303%.

With the long-term lease with Martial Enterprises, Kaufman plans to convert the 65,000-square-foot building to office and retail property.

Manhattan's office market posted mixed results in the first quarter, with office leasing activity down, but the investment sales sector regaining some of its previously lost momentum.

Iowa-based Principal Global Investors purchased the 32-story apartment rental building, a neighbor to the Barclays Center.

The transaction continues the intense leasing volume 200 Elm St.

Tariffs and the Facebook breach aside, the stock market is on a record run and as a result Wall Street securities firms' profits and bonuses have risen in kind.

Private sector employment in the Rockaways set a new record of 14,900 jobs in 2016, 400 more than the previous record posted prior to Superstorm Sandy.

UBS is the seventh large financial institution to settle with Attorney General Schneiderman's office in the aftermath of the residential mortgage crisis.