Northeast

Multifamily investment volumes were up 10% at the end of the first quarter over 2018.

Domenico De Sole, chairman of Sotheby's Board of Directors, says that the board of directors approved the purchase deal after a comprehensive review. “After more than 30 years as a public company, the time is right for Sotheby's to return to private ownership to continue on a path of growth and success," he says.

With the vote on Friday, lawmakers say the reforms give New Yorkers the strongest tenant protection in history.

Australian artists Maurice Goldberg and Matthew Aberline designed and created the approximately $20,000 installation that will be on display at the Oculus through June 28 before joining the NYC Pride March.

Witkoff Group secured refinancing for two offices condos at 420 Fifth Ave.

The refinance bridge loan indicates the continues strength of New York metropolitan area industrial properties.

Construction on the $714-million project is expected to begin in 2022. The new pavilion that will total 438,000 square feet of usable space, will feature nine floors of cutting-edge technology and a design to provide patients and families with world-class acute care.

The lease deal at 100 Summer St. follows Ironwood Pharmaceutical's separation of Cyclerion Therapeutics, Inc. on April 1, 2019.