The financing is provided by a $850 million CMBS.

The largest deal involved an asset in Lenox Hill.

Some 45,014 square feet of product was positively absorbed in the first quarter.

Demand continues to outpace deliveries.

The conversion is set to deliver 1,250 new homes.

Hall is using a $46.5 million loan in part to fund the transaction.

Restructuring deal activity for shovel-ready sites has picked up, says Virgilio Fernandez of Colliers.

The goal is to improve walkability in the commercial and tourism hotspot.