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“The submarket benefits from strong multifamily occupancy and limited new supply," says Knighthead's Peter Illuzzi.

“This infill market's high barriers to entry and tight supply dynamics combined with the property's connectivity to downtown and the broader region make it highly desirable for regional tenants," says Brodie Ruland of ASB.

One of Procida's earliest investors was Abdul Qayum, the grandfather of Omar Khan, left, who has just joined the Procida firm. The two are holding Qayum's original brochure, which Procida still keeps in his office.

Industrial properties show continued strong demand as the 1.4 million square feet of space in the portfolio is 100% leased.

The key element of the makeover was Market Street's Central Park, the focal point of the 560,000-square-foot mixed-use property, which also has retailers and restaurants as well as class-A office space.

The developer will pay $50,000 for failing to maintain its property at 305 West End Ave. where pieces of the building fell, killing a two-year-old and injuring her grandmother.

The retail chain signed a 30-year lease with Blackstone for 21,000 square feet of space.

The non-profit criminal defense organization leases 34,000 SF in the Lower Manhattan office tower.