Real estate board of New York President Jim Whelan and New York State Governor Andrew Cuomo have signed an Executive Order allowing notaries to act as a signatory, although they are are not in the physical location of a paper-work signing.

Despite the Federal Reserve slashing interest rates to near zero, similar to actions taken during the 2008 Financial Crisis, bankers have pressed the brakes on originating new loans as the economic environment becomes more uncertain amid the coronavirus.

An approximate 74,500-square-foot development in Long Island City, Queens at 24-02 Queens Plaza South has come to market. The commercial property stands 3-stories tall. Newmark Knight Frank is marketing the property, pricing is expected to hover in the 50 million to 55 million range.

Landlords are putting out calls in influx to legal counsel in the wake of new laws Congress has passed to alleviate financial pressures the coronavirus, also known as COVID-19, has caused with social isolation measures in effect.

Finkelstein Timberger East Real Estate, a real estate owner and management company that manages residential apartment buildings, has secured a $63.8 million loan from Morgan Stanely to refinance an eight-property multifamily portfolio in the Bronx.

Helmsley Spear, a1 866-founded real estate firm founded has arranged a refinancing transaction for Kings Hotel, located at 2416 Atlantic Ave. in Brooklyn.

Rockport Mortgage Corporation has closed an FHA Section 223(f) refinancing loan of $38.6 million for Union Street Houses in Brooklyn. Scott Jaffee, a managing member of Metropolitan Realty Group, owns the property.

To shoulder the temporarily new normal of isolation in the face of the current public health crisis, real estate brokers are relying heavily on technology more than ever to get deals done.