Northeast

Edward J. Minskoff Equities has acquired 29 Jay St., a development site in Dumbo, Brooklyn for $61.5 million.

In Tribeca's East Historic District, 36 Walker St., a five-story walk-up building that retains its original tin ceilings, windows and interior brick walls, has sold for $8.75 million.

Real estate owner and developer BEB Capital has formed a new division offering bridge loans to meet the growing demand for last-mile distribution services. The new division will make loans on small to mid-sized assets on the East Coast, where BEB Capital operates.

The most important thing you can do right now in these uncertain times is to be more human and be patient. Lead with empathy.

The city's Health Department notes that the defined use and management of the site has not been determined as yet. The facility could be used to care for COVID-19 patients or to relocate low-acuity patients from area hospitals to open more beds at those facilities.

In addition, the REIT states that several planned portfolio sales will likely be delayed until later this year or next year due to the lack of financing available for hotel transactions.

The federal agency has posted a 45-minute webinar responding to a range of inquiries about privacy and disclosure, national origin and age discrimination, pregnant employees and other matters.

There are strong arguments that businesses should not be able to use a force majeure argument to throw away their contracts, write attorneys Ian Lis and Eli Gordon.