NEW YORK CITY-Exchange chief Richard Grasso is taking a wait-and-see on the long-anticipated 900-ft.-tall headquarters tower until the city can relocate its displaced tenants and come up with some alternatives. If a tower goes up, he says, it will be shorter.

When a corporate real estate manager starts looking for space, you can bet that security will be brought up a lot earlier in the conversation.

NEW YORK CITY-Given the dire straights of the hotel sector after the Sept. 11 attacks, the expectation that things may bottom out by June may actually be good news. Our survey respondents see limited-service coming back first.

Pension capital has paid too much attention to investing in areas that only create sprawl.

NEW YORK CITY-Some 70 brokers and 80 low-to-mid-level managers have gotten the axe. Bruce Mosler says the cutbacks were more a matter of clearing the decks for higher production than bending to the pressures of a slumping economy.

NEW YORK CITY-Some 70 brokers and 80 low-to-mid-level managers have gotten the axe. Bruce Mosler says the cutbacks were more a matter of clearing the decks for higher production than bending to the pressures of a slumping economy.

NEW YORK CITY-Any hopes of an end-of-year transactional rush have been dashed, our respondents tell us. As office clients continue to consolidate, most brokers are looking at leasing activity plummeting by at least 10% over last year's Q4 returns.

The public markets don't mind volatility. They hate uncertainty.