Globest Sectors

The developers closed on two classic industrial lofts at 42 and 50 Jay St. in DUMBO, Brooklyn to convert them into townhouses, lofts and penthouse units.

The developers received the construction financing from Naftali Credit Partners to build a 74-unit luxury residential project in Forest Hills, Queens.

In 2018, Orange County life science and tech companies raised $1.5 billion with electronic health record and medical device leading the industry.

In the largest office lease year to date, Asana will occupy the entire 265,890-square-foot office portion of 633 Folsom St., a 12-story building in South of Market.

Most areas of the state have experienced substantial improvement over the past four years. As of mid-2018, only four counties—Clinton, Putnam, Rockland and Suffolk—had foreclosure rates of more than 1%, while 38 counties and three of New York City's five boroughs had rates below 0.50%.

The Donaldson Group, Declaration Capital and Angelo, Gordon are the buyers of the 288-unit high rise.

This will be the second major acquisition for PTM's recently launched Opportunity Zone fund.

Flex space has also penetrated the retail, hospitality and multifamily industries.