NEW YORK CITY-The Bloomberg administration plans to shed 1.2 million square feet of office; CresaPartners’ Stella has some ideas on how to do it.

NEW YORK CITY-The 400,000-square-foot prewar office tower, part of Swig Equities’ Financial District portfolio, has been extensively modernized.

NEW YORK CITY-The REIT says its $140-million credit facility provides more than $40 million to finance new acquisitions as it continues deleveraging.

PURCHASE, NY-Software provider Allen Systems Group signs one of Westchester’s largest office deals so far this year, highlighting this week’s wrap-up of deals.

NEW YORK CITY-He will become chairman at Rreef and remain engaged in the business while leading a drive to reduce real estate carbon emissions.

NEW YORK CITY-A year’s worth of tunneling is completed on a $2.1-billion project that must be finished before work on Hudson Yards can start.

NEW YORK CITY-Dan Tishman will join AECOM’s management team as vice chairman; the deal does not include Tishman Speyer Properties or Tishman Hotel.

NEW YORK CITY-A venture led by Host Hotels and including the hostelry’s former owner is buying the W as part of a Chapter 11 settlement.