News

The largest transaction was the 21,895-square-foot lease extension with St. Joseph's Hospital at the 68,000-square-foot office building. Dentistry for Children also recently signed a new lease for 5,050 square feet at the complex.

Building on a similar initiative in California, Gov. Murphy secured support from Citigroup, JPMorgan Chase, U.S. Bank, Wells Fargo, and Bank of America, in addition to more than 40 other federal and state-chartered banks, credit unions, and servicers that are committed to the mortgage forbearance pledge.

The Kaufman Organization has acquired 56 West 22nd St., a 66,190-square-foot boutique office and retail property in the Flatiron District for $48.5 million. Jones Lang LaSalle arranged the transaction for the 12-story property.

The firm plans to implement capital improvements at the recently-repositioned, class-A office property, located in the DC suburb of Rockville, MD.

Treasury Secretary Steven Mnuchin wants to receive recommendations by March 30.

Provident Bank provided the Red-Bank-based development firm with the financing that features a 30-month, floating-rate construction loan followed by a 10-year forward permanent loan.