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Paced by major projects, such as the $1.2-billion Jacob K. Javits Convention Center expansion and other major initiatives, the total for the first three quarters of 2017 also outpaced the full-year totals from 2010 through 2014 and is on track to surpass the $4.6 billion in construction starts initiated in 2015.

The portfolio, which is only 74% leased, was acquired below replacement cost.

The Committee for Environmentally Sound Development is appealing the permit authorizing construction of the 200 Amsterdam mega-apartment tower.

A full interior and exterior renovation of the iconic Beaux-Arts building is scheduled for completion in 2020.

A US-based insurance company is purchasing the Midtown office tower.

The office is part of the redevelopment of Downtown Columbia that is being revitalized by The Howard Hughes Corp.