NEW YORK CITY-The target investments are junior loans and preferred equity positions, say the leaders of the fund, typically in the $8-million-to-$20-million range.

NEW YORK CITY-While Deutsche Bank consolidates its space at 60 Wall St., it assigns its sixth floor holdings at 1290 to Microsoft. The sheetrock is already moving in, says one source close to the deal, as the software giant preps its new HQ space.

JAMAICA, NY-Some $21 million in federal tax credits has pushed the class A office project one step closer to reality. Developer LCOR is already talking with anchor tenants.

NEW YORK CITY-After months of rumors surrounding the future of Lend Lease's US real estate operations, the global firm reveals this morning that a joint venture with Morgan Stanley might be in the works.

GARDEN CITY, NY-Federated is stepping up its presence in the locally based mall in a major way with a new 65,000-sf Bloomingdale's Furniture Store. Meanwhile, Gaylan's Sports signs for 100,000 feet.

NEW YORK CITY-The official word on last week's changes at Grubb & Ellis is in. The firm states that former president and CEO Barry M. Barovick resigned to "pursue other opportunities.

NEW YORK CITY-The much touted C-suite has become a mortuary. Local brokerage sources reveal that a series of high-level firings at Grubb & Ellis this week have left president and CEO Barry Barovick, CFO Ian Bress and strategy chief Elizabeth Kulik out in the cold.

NEW YORK CITY-But while uncertainty permeates the office sector in town, there's relative good news in multifamily. Yesterday's annual market forecast also gave us a glimpse at the coming war--and yes, you should brace for it, said keynoter Henry Kissinger.