Lightstone Capital provided the loan to refinance the recently completed multifamily and office property.
Columbia Property Trust will assume full control of the boutique office building.
Greystone and Lappin Associates' JV will source billions in capital for financing of affordable housing.
U.S. District Judge Gary Sharpe ordered New York officials to not enforce any outdoor gathering limitations, if people are following social-distancing requirements.
"While it may be the case that governor has overstepped his authority under New York’s Executive Law, curing those alleged harms would require this court to ignore the doctrine of state sovereign immunity and principles of federalism embodied in the Eleventh Amendment," wrote Chief Judge Colleen McMahon of the Southern District of New York.
The sale is part of the REIT’s strategy to sell off non-core assets in order to invest into its development projects and share repurchase program.
Data from Redfin.com shows a rise of people in New York, San Francisco and Los Angeles looking to move to more affordable and less dense areas in recent months.
Real estate heavy-hitter Blackstone is to buy out 49% of Hudson's Los Angeles media portfolio valued at $1.65 billion.
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