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The US multifamily real estate value creation fund had its first close in August 2018, exceeded its target size in October, achieved its hard cap and was oversubscribed with the final close in December 2018.

“After numerous condemnations of multi-family homes in Yonkers due to landlords not providing safe and secure buildings to their tenants, it became very evident that the city needs to hold these landlords more accountable for their negligence,” says Yonkers Mayor Mike Spano.

LeFrak Organization sold the Sheepshead Bay mall for $38.25 million.

The American Kennel Club signed a 20-year lease with HJ Kalikow & Company for space in the Midtown East skycraper.

Google's approximately 14-year lease term will commence upon completion of construction and build-out of tenant improvements scheduled in 2022.

The anchor tenant at L&L Holding's Plaza District development is increasing its occupancy to approximately 331,800 square feet.

Groch will primarily focus on opportunities to deploy capital in the company's merger and acquisition program and to allocate capital that will be invested by its real estate investments businesses—functions he has overseen for the past 10 years.

WeWork announced today that it has received the $6-billion investment from Softbank. A total of $5 billion is in the form of primary growth capital and the remaining $1 billion is in secondary capital, which will be used to fund share purchases from investors and employees.