Katz and Shainker also denied Mack-Cali's earlier statement that Bow Street was seeking a "fire sale" of the company after it called for the removal of Mack-Cali CEO Michael DeMarco in a letter to shareholders last month.

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.

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.