LIHC Investment Group and Rockport Mortgage Corporation have landed a $74 million FHA Section 223(f) refinancing loan to maintain the affordability of the Little Italy Restoration Apartments located at 21 Spring St. in Manhattan.
The NYC Hospitality Alliance worked with a variety of business groups to come up with its 'Blueprint to Save Small Business.'
The Warner Music Group-owned company is relocating from a subleased space within the building.
The deals involved 18 transactions totaling 1,574 units in New Jersey, the Greater Philadelphia metro and New York State.
In addition to the company's incumbent directors—Alan S. Bernikow, Michael J. DeMarco, Lisa Myers, Laura Pomerantz, Rebecca Robertson and Dr. Irvin D. Reid—Mack-Cali's director slate also includes five new independent nominees: Jamie Behar, Michael Berman, Howard Roth, Gail Steinel, and Lee Wielansky.
Also, on Monday, California Gov. Gavin Newsom, Oregon Gov. Kate Brown and Washington Gov. Jay Inslee announced an agreement on a shared vision for reopening their economies and controlling COVID-19 into the future.
Commercial brokers did express confidence in the future of the market, according to the REBNY survey.
"We fully expect plaintiffs to try to make out a Labor Law 200 or 241(6) violation against owners and general contractors should a worker contract coronavirus and develop significant complications resulting in a prolonged period of unemployment."
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