Northeast

Gaedeke Group, a privately owned commercial real estate investment firm, has acquired 44 Wall St. advised by George Comfort & Sons, Inc., a real estate investment management firm, for $200 million.

Naftali Credit Partners, a subsidiary of Naftali Group, a privately held, global real estate development and investment firm has closed $62 million construction loan for 208 Delancey St., a 12-story boutique luxury condominium development located on Manhattan's Lower East Side, the firm's CEO and Chairman Miki Naftali announced.

Manolo Blahnik has entered a lease agreement for its new flagship store on 717 Madison Ave. in Midtown. Newmark Knight Frank brokered the transaction for the store set to open in 2020.

Property owners are embracing the use of healthcare data to make better decisions.

Borrowers looking to secure debt and those that already have debt should expect to see lenders adopting SOFR language this year.

Somera Road acquired the defaulted loans on the property in October 2018, took title of the property in June 2019 and closed on majority and controlling ownership this month, replacing its prior capital partners.