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Prospective borrowers are scrambling to navigate the uncertainty around banking and credit in the current economic environment amid the coronavirus pandemic as lenders bear down on their underwriting.
Janus Property Company, a real estate development and management company based in New York City, has secured a 10-year lease for its West Harlem Manhattanville Factory District property dubbed the Sweets Building, a 200,000-square-foot former brewery redeveloped to include an office building.
An 1888-built townhouse on the Upper Eastside of Manhattan at 16 East 82nd St. has traded for $12.25 million. The 9,468-square-foot historic townhouse retains almost all of its original features since Edward Kilpatrick designed it centuries ago, including its elaborate façade.
The statewide team will continue to focus on representing institutional and private multifamily owners as well as arranging construction financing and structuring equity.
Between three different locations, the facility will have the capacity to care for up to 3,000 patients and will be made fully operational in a series of phases in order to accommodate increased demand for care as quickly as possible.
The changes to Executive Order 107, which took effect immediately, will now allow Realtors to hold in-person appointments with individuals or families to view rea estate. Those appointments are now considered "essential retail business." The state is still barring open houses.
Columbia Pacific Advisors Bridge Lending provided the funding that will allow INDUSTRY GO to acquire 14-16 Burma Road and 150 Theodore Conrad Drive in Jersey City and convert them into 180,777 square feet of studio space.
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.