John Jordan

The deals involved 18 transactions totaling 1,574 units in New Jersey, the Greater Philadelphia metro and New York State.

The purchase marks the firm’s fifth acquisition of the year, second property in St. Louis, and first self-sponsored Delaware Statutory Trust.

The Chicago-based firm also announced that CEO Brett White, CFO Duncan Palmer, COO Michelle MacKay and president John Forrester will forgo a large percentage of their base salaries.

The firm says it will retain some operations at One World Trade Center in Lower Manhattan as a satellite office.

The Emblem 120 project will be developed through Toll Brothers’ rental apartment subsidiary Toll Brothers Apartment Living. The joint venture has secured a construction loan facility from Wells Fargo Bank, N.A.

At Harrison Street, Bashir will lead the expansion of the firm’s strategies which focus on investments in student housing, build-to-rent and healthcare real estate.

The 100% leased property is anchored by Home Depot and also includes PetSmart, Wendy’s, T-Mobile and Mattress Firm on its tenant roster.

The project will convert the former residential hotel building into 508 affordable units.

David Linn with the White Plains-based The Galinn Fund LLC has sold the parcels at 251 Douglass St. to New York City-based Tavros Capital Partners and the Charney Companies of Long Island City.

The mayor stated on Wednesday that he will sign an Executive Order allowing construction work in the city to begin again on Friday morning with strict limitations in order to limit the spread of COVID-19.