NEW YORK CITY-The REIT has kicked in $200 million on the investment fund and expects to raise a total of $1 billion.

NEW YORK CITY-The 52,000-square-foot lease by LBi illustrates two trends: Midtown South as a destination and the ‘densification’ of office space.

Three years ago, the Blackstone/EOP merger set a high watermark for commercial property sales. Now debt remaining from that deal is the biggest loan in special servicing.

NEW YORK CITY-The disqualification of proposals by an SL Green-led group and Penn National leaves Genting’s US arm the sole bidder on the racino project.

NEW YORK CITY-The acquisition by Fortress means investors will have to turn their attention to avenues other than special servicing.

NEW YORK CITY-Board member Trevor Bond will serve as interim CEO until a permanent replacement for DuGan can be found.

NEW YORK CITY-JLL and Cassidy Turley both see evidence of increasing stability in Manhattan’s office market over the past four weeks.

ISLANDIA, NY-Computer Network Solutions is moving to 131 Hoffman Ln. here to accommodate increased demand, highlighting this week's wrap-up of deals.