Northeast

Since the federal government has been ineffective about ramping up testing and providing sensible guidelines, the public health monitoring process, including contact tracing, may be months away from effective implementation.

Even with questions from lenders and local governments, residential building is chugging along.

The National Multifamily Housing Council found that April registered a payment rate of 93% compared to the same time last month.

The property is fully occupied by marketing firm ICS Corp. The industrial/warehouse and distribution facility serves as the corporate headquarters of ICS Corp.

Due to the COVID-19, LanTree Developments has closed its sale office and launched a virtual leasing campaign via YouTube for the property.

The 160,349-square-foot three building medical campus was 100% leased at the time of sale.

Bolivar Development has acquired 3041 Webster Ave. in the Bronx, an 85,000-buildable-square-foot development opportunity, for $6.4 million.

Jones Lang LaSalle is marketing the 9,124-square-foot residential building at an asking price of $10.25 million.