Northeast

The sale price more than likely is north of $100 million since CrossHarbour acquired the property in 2016 for $101 million and since then undertook a multi-million-dollar capital improvement plan at the hotel that was completed in 2017.

The flexible office space provider has expanded its footprint at Savanna and KBS Capital Advisors' Lower Manhattan office building.

The online fashion retailer is moving its headquarters to an 83,000-square-foot space at 10 Jay St. in Dumbo, Brooklyn.

Bill Zonghetti and Larry Bank will join the company as executive vice presidents.

The firm behind Built states that the new platform will offer tenants turn-key, pre-built space fully furnished with best-in-class finishes and modern workstations.

The combined company brings together two complementary portfolios, increasing the size, scale, and diversification of the new entity.

BC could use the potential cash injection to help develop existing businesses plus new strategies like real estate and credit, one of the people said

Forecasts for commercial real estate prices in 2020 and 2021 are expected to fall below the long-term average growth rate for the first time since 2011.