New York

Delancey Street Associates closes on loan for constructing a 26-story mixed-use building on the Lower East Side.

The financing package consists of a $900-million senior construction loan syndication led by J.P. Morgan and a $235-million preferred equity loan from an unnamed hedge fund.

The median sale price of a residential unit in Manhattan in the fourth quarter of 2017 was $1.06 million, which marked the third consecutive quarter where the median sale price increased as compared to the same period a year earlier. However, the fourth quarter median price was 9.4% lower as compared to the third quarter 2017 median price of $1.17 million.

Nicholas Martin, who served as US Sen. Charles Schumer's director of policy and economic development, joins Rudin Management as VP, external and government affairs.

Forest City structures ownership interests for tax efficiencies for sale of its 51% stake in 13 specialty retail properties to Madison International.

A roundup of recent deals, leases, executive moves, and other news from the past week.

In this <b>EXCLUSIVE</b> commentary, Jeffrey Peck, vice chairman at Savills Studley, compares relocations with renovations for providing office space to attract millennials.

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