NEW YORK CITY-At an investor conference here, CFO Joseph Macnow said "the economics are not warranted" to proceed with the planned 125th Street project.

NEW YORK CITY-At an investor conference here, CFO Joseph Macnow said "the economics are not warranted" to proceed with the planned 125th Street project.

NEW YORK CITY-Manhattan's office vacancy rate is the highest in three years, say a pair of new reports; a third predicts more softening.

NEW YORK CITY-Manhattan's office vacancy rate is the highest in three years, say a pair of new reports; a third predicts more softening.

NEW YORK CITY-A proposed occupancy tax increase, the first in 14 years, draws opposition from the city's hotel association.

NEW YORK CITY-A proposed occupancy tax increase, the first in 14 years, draws opposition from the city's hotel association.

NEW YORK CITY-With a $33-million construction loan in hand, LCOR expects to complete its 142-unit multifamily in Brooklyn's Williamsburg neighborhood by spring 2010.

NEW YORK CITY-The ratings agency says the credit environment will challenge office, industrial and retail REITs, although multifamily and healthcare are bright spots.