NEW YORK CITY-Insiders and observers tell GlobeSt.com the unsubstantiated rumors, that Silverstein benefited in its bidding and negotiations for the World Trade Center from an alleged historic favoritism are simply ridiculous.

LONDON-Having already trimmed some $417 million in assets, company leaders now turn to Europe with axe in hand. The goal is to "create a company focused on the US office market," insiders tell GlobeSt.com.

STAMFORD, CT-GE Capital Real Estate, the Galesi Group and Westdale Asset Management have joined to purchase the multifamily portfolio of Glenborough Realty Trust and Walden Properties. The properties are in Texas, Georgia and North Carolina.

NEW YORK CITY-Actually it wasn't so much a ribbon cutting as a picture moving. Councilman Fisher opened the facility yesterday, March 28, by moving a historic image of the factory, revealing the rehabilitated structure.

NEW YORK CITY-Cushman & Wakefield has named the company's first ever national director for Retail Services. James Wassel says in an interview with GlobeSt.com this move demonstrates the company's plans to bolster its retail operations.

NEW YORK CITY-The Apartment Group is currently recruiting top senior executives from firms across the country as it takes its model to all of its regional offices, blending the new company with services in place.

NEW YORK CITY-While one executive tells GlobeSt.com brokers aren't always the best judges of the economy and its impact, he is not alone in noticing things have gotten a little more quiet in real estate.

NEW YORK CITY-Mayor Giuliani has announced Canadian Imperial Bank of Commerce World Markets will anchor Brookfield Properties' development at 300-310 Madison Ave. The lease is the result of negotiations with the city.