New York

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.

Columbia Pacific Advisors Bridge Lending provided the funding that will allow INDUSTRY GO to acquire 14-16 Burma Road and 150 Theodore Conrad Drive in Jersey City and convert them into 180,777 square feet of studio space.

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.