The 236-unit apartment building extends 765 feet into the Hudson River, developed by Hartz Mountain Industries and The Maxal Group. The financing came in the form of a $100-million syndicated loan for the project from M&T Bank that was completed in July.

The office market posted 197,968 square feet of positive net absorption and brought the year-to-date total to a positive 621,605 square feet, marking the 12th consecutive quarter of positive net absorption.

Despite the record levels of new construction, apartment vacancy has held strong in Downtown Los Angeles.

The developer has completed construction of Stella and Bluewater, two new affordable housing communities located in the Grantville community of San Diego.