New York

With the long-term lease with Martial Enterprises, Kaufman plans to convert the 65,000-square-foot building to office and retail property.

With the acquisition, First Capital establishes Advisors Commercial Real Estate, a national investment and brokerage firm.

The merged company now has approximately $100 billion in assets under administration.

Manhattan's office market posted mixed results in the first quarter, with office leasing activity down, but the investment sales sector regaining some of its previously lost momentum.

The second largest retail discount store is opening small format stores on the Upper East Side in Manhattan, on Staten Island and in Astoria, Queens.

Inline sales at Macerich, Simon Property Group, Taubman and GGP have all risen year over year.

The new location brings more than 200 staff members under one roof at 114 W. 125th St.

In this Q&A, Chris Mavros and Jon Leifer of Case Real Estate Capital take a look at how lending competition and borrower appetites are being affected by the economy, and how the aging baby boomer generation is creating opportunities in the market.