NEW YORK CITY—NY Residential REIT recently announced it had made its first investment as part of the public offering, a preferred equity investment in a luxury development project in Chelsea that is under construction and near completion.

NEW YORK CITY—The assignment comes shortly after Thor Equities vice president of leasing Adam Rappaport left the firm to join Jack Resnick & Sons as its managing director of leasing.

NEW YORK CITY—Kaufman Astoria Studios broke ground last month on the project that involves the construction of a new four-story building on the site of a former parking lot at 34-11 36th St. in Astoria.

NEW YORK CITY—Greenberg, who had been a managing director of leasing at Jack Resnick & Sons since joining the firm in 2010, replaces Dennis Brady who is retiring after 40 years of employ at the firm.

NEW YORK CITY—The VOA has signed a 16-year lease for 30,282 square feet at the 23-story 861,000-square-foot office building.

NEW YORK CITY—The fixed-rate loan at an annual rate of 3.43% replaces a $1.6-billion loan package that was set to expire in October.

NEW YORK CITY—York Studios EVP of operations John Battista tells Globest.com that work on the $45-million first phase at 1410 Story Ave. has begun and will take about 16 months to 18 months to complete.

NEW YORK CITY—A year-long probe by the New York State Attorney General's office found that Croman purchased buildings with rent-stabilized units and, immediately after purchase, began the process of displacing rent-stabilized tenants while simultaneously attempting to refinance the initial mortgage.