The 25,040-square-foot rent-regulated apartment building at 316 E. 55th St. was sold by the estate of Krikor Garzarian to Faemco, LLC.

From January 2014 through June 2017 New York City produced a total of 25,342 new affordable housing units across the five boroughs. That represents approximately 32% of the mayor's construction target.

Macmillan has signed a 20-year lease deal to occupy 261,000 square feet of space at the 1.9-million-squae-foot 120 Broadway office tower.

The Hospital for Special Surgery will occupy 98,600 square feet of space under a sublease with Avon for four full floors (two-through five) that runs through June 2026. HSS also signed a direct lease that expires in 2032 at the 38-story office property.

Median home sales prices continue to rise in Greater Boston. The single-family median sales price rose 5.1% to a record price of $615,000 in June as compared to a year earlier. The condo median sales price rose 4% to $525,000 in June, also a new record.

The project calls for at least 1,000 units, approximately 250 of which will be designed as affordable, in two tower buildings that will range in size from about 500 feet to 650 feet in height.

Cooley LLP will relocate from the Grace building at 1114 Ave. of the Americas to space near the top of the 51-story tower building being developed by Related Companies, Mitsui Fudosan America and Oxford Properties Group.

The winning teams in the second round of the program will build 434 affordable housing units that will feature both rental and for sale affordable units. The developments will be financed through HPD's New Infill Homeownership Opportunities Program and the Neighborhood Construction Program.