New York

Accurate Builders and Developers will utilize the construction financing to develop 545 multifamily units and 60 townhomes in Basking Ridge, NJ and Parsippany, NJ.

It also plans to demolish the Hotel Pennsylvania to make way for new development.

A historic 94-unit, mixed-use property in the city's Journal Square neighborhood has sold for a sales price equating to $252,500 per-unit.

The off-market sale comprises three hypermarket properties, which span 424,800 square feet and are triple-net leased to a global food retailer.

Monday Properties and Neo Capital have purchased the class A, Stamford property, which is currently 95% leased.

Once COVID-19 hit, the sublet space increased dramatically, jumping 61.7%, while available direct space has surged by 50%.

Original building architect, FXCollaborative will lead the multi-million dollar building reimagination.

Construction is limited in Manhattan but more active in the surrounding boroughs.