NEW YORK CITY—The project will be built by Strategic Capital affiliate Plaza Construction. The company expects construction on the project will begin in early June and the development will take approximately 27 months to complete.

Here is a roundup of the latest leases, sales and other transactions in the Northeast middle markets.

NEW YORK CITY—The multi-phased 1.2-million-square-foot project will at full build out contain 1,169 rental housing units and will be built on former New York State Dormitory Authority-owned land at 888 Fountain Ave.

NEW YORK CITY—Globest.com in an exclusive interview with Mooallem delves into the fledgling company's investment goals going forward and what property types it is targeting and where.

BOSTON—The BPDA Board granted approval for the expansion of the Horizons for Homeless Children's facility at 1785 Columbus Ave in Jackson Square. The $40-million project will add 48,000-square feet to the exiting building, bringing the total space at the property to 139,200 square feet.

NEW YORK CITY—The gulf between Class A, B and C rents is not nearly as large now as it was back in the third quarter of 2008 when the disparity between Class A and C space was $40.92-per-square-foot.

ALBANY—A record 239 million visitors to New York State generated $64.8 billion in direct spending last year, nearly 3% higher than in 2015, and almost $11 billion more than in 2011.

NEW YORK CITY—The report, authored by Stephanie Jennings, tri-state director, research for NGKF, notes that the East Midtown market is at a competitive disadvantage at the moment with an aging commercial property inventory (average age 73 years old) and new construction on the Far West Side and Downtown that offers office tenants more efficient and affordable space.