The total development cost is estimated at $127 million and the renovations at the complex will exceed $36 million.

The firm plans to launch leasing this fall on the project that will in total deliver more than 1,800 apartments and 120,000 square feet of indoor and outdoor amenities located across the street from Tishman's JACX commercial office development that is also currently under construction.

Savanna acquired the 144,500-square-foot building located on 27th Street between Broadway and Sixth Avenue from Westbrook Partners

A key finding in the report states that the fundamental concern raised by those performing arts officials interviewed was that “spaces that offer users the mix of production amenities, audience amenities, and audience capacity they feel is right for their art either do not exist or are inaccessible."

Fiscal Year 2017 saw the financing of 7,705 new apartments and 16,588 preserved homes, representing a direct investment of $1 billion by the City of New York.

DEFY Media signed an eight-and-a-half year lease to occupy the entire 14,400-square-foot fourth floor of the 12-story 167,135-square-foot office building.

In an EXCLUSIVE Q&A with Globest.com, the 39-year old retail real estate executive discusses how his prior background will help Cushman & Wakefield service the changing needs of its retail clients and his views on the opportunities that exist in retail markets across the country.

Here is a roundup of the latest leases, sales and other transactions in the Northeast middle markets this week.