The Kaufman Organization has acquired 56 West 22nd St., a 66,190-square-foot boutique office and retail property in the Flatiron District for $48.5 million. Jones Lang LaSalle arranged the transaction for the 12-story property.

Between Greenwich and Hudson streets in Manhattan's TriBeCa neighborhood, a seven-story boutique office building at 177 Franklin St. has traded for $16.75 million. The property is the flagship store of Shinola, an American lifestyle brand.

Elegran, a tech-driven real estate brokerage firm headquartered in New York, is making an effort to preserve cash, negotiate vendor contracts, study available data and communicate with its clients to weather the effect of the coronavirus pandemic, says CEO Michael Rossi.

With uncertainty clouding the economy, New York City real estate owners are asking how the current market reset can finally bring real estate professionals and politicians together and resolve battles about the bills and regulations that impacted the sector before the pandemic.

Fairstead, a real estate firm committed to the preservation of affordable housing, has acquired Festival Field Apartments, a 204-unit Section 8 family apartment property located in Newport, Rhode Island for $33.25 million.

Tower Holdings Group, a development and construction firm headquartered in New York City, is coordinating with its subcontractors to lower the risk of infection at its project sites throughout the city, which have already seen a reduced number of staff, Iryna Suhnaska, executive vice president at Tower Holdings, tells GlobeSt.com.

Apartment List has released a new report highlighting the stark differences between groups of U.S. workers and which are most exposed to current economic conditions caused by the coronavirus.

Outpost Club, a New York-based real estate company operating 25 co-living communities across New York, New Jersey and California, will create dedicated housing for traveling doctors and nurses on the frontlines treating coronavirus, or COVID-19, patients.