Paul Massey, CEO of real estate advisory firm B6 Real Estate Advisors, is advising clients to wait 60 days on making all major decisions as it pertains to their portfolios.

Prospective borrowers are scrambling to navigate the uncertainty around banking and credit in the current economic environment amid the coronavirus pandemic as lenders bear down on their underwriting.

Janus Property Company, a real estate development and management company based in New York City, has secured a 10-year lease for its West Harlem Manhattanville Factory District property dubbed the Sweets Building, a 200,000-square-foot former brewery redeveloped to include an office building.

An 1888-built townhouse on the Upper Eastside of Manhattan at 16 East 82nd St. has traded for $12.25 million. The 9,468-square-foot historic townhouse retains almost all of its original features since Edward Kilpatrick designed it centuries ago, including its elaborate façade.

The Small Business Administration is expected to lean on the private sector to help process the influx of loans offered through the CARES Act, which is intended to help millions of small and midsize businesses through SBA 7(a) loans.

Edward J. Minskoff Equities has acquired 29 Jay St., a development site in Dumbo, Brooklyn for $61.5 million.

In Tribeca's East Historic District, 36 Walker St., a five-story walk-up building that retains its original tin ceilings, windows and interior brick walls, has sold for $8.75 million.

Real estate owner and developer BEB Capital has formed a new division offering bridge loans to meet the growing demand for last-mile distribution services. The new division will make loans on small to mid-sized assets on the East Coast, where BEB Capital operates.