The term loan provides funding for the merger deal as well as financing to pay off LaSalle's current outstanding debt balances and other transaction closing costs.

One of the largest city expenditures will be $60 million from the School Construction Authority that is earmarked for the construction of a new school in the Court Square area.

The Silicon Valley-backed company, founded by Rami Zeidan, a hotel and real estate executive and Yury Yakubchyk, a software entrepreneur, has raised $70 million in funding to date between venture and real estate capital.

The City of Yonkers announced on Monday it had signed a letter of intent to sell the six-acre property located northeast of City Hall for $16 million to New York City-based AMS Acquisitions.

Louis Haddad, president and CEO of Armada Hoffler Properties, states that the company intends to exercise its purchase option upon completion and may use the asset as a replacement property in a tax-free exchange.

The Navy Broadway Complex, which is currently the home of the Navy's regional headquarters, will make way for a new mixed-use development. Manchester Pacific Gateway will feature six buildings totaling 3 million square feet within eight-city blocks.

Toll Brothers has started construction on its “Brownstones” collection of luxury townhomes at the property. Toll Brothers is planning to build as many as 306 units of housing, including 40 affordable senior units and 21 affordable workforce housing units.

Arbor provided $51.3 million in financing for the Reven SFR Portfolio, an 824-unit portfolio located in Jacksonville, FL; Memphis, TN; Atlanta, GA; Birmingham, AL and Houston, TX under the Freddie Mac Single-Family Rental pilot.