NEW YORK CITY-With malls traditionally pinning their hopes on big-box anchors and those stores now in trouble with consumers holding on tighter to their wallets in the face of a slowdown, one expert says it's time for change.

NEW YORK CITY-With malls traditionally pinning their hopes on big-box anchors and those stores now in trouble with consumers holding on tighter to their wallets in the face of a slowdown, one expert says it's time for change.

NEW YORK CITY-The Penn Station Redevelopment Corp. has selected a joint venture between the Staubach Co. and Frankfurt Airport Services Worldwide to develop, maintain and operate the new Farley-Penn Station.

NEW YORK CITY-The National Association of Realtors has already demonstrated most consumers believe the federal government should not allow banks to own real estate brokerages. Brokers contend it is the customers who will suffer.

NEW YORK CITY-Mayor Giuliani says small businesses with less than $100,000 annual electricity bills will get free energy audits to help stave off an energy crisis here, while conference panelists weigh in on its impact on investing.

NEW YORK CITY-TMW, a German investment group, has purchased the majority of interest in the building known for its Art Deco design--even given a nod in the musical, Annie. Tishman Speyer and Travelers Group will retain the other 25%.

NEW YORK CITY-TMW, a German investment group, has purchased the majority of interest in the building known for its Art Deco design--even given a nod in the musical, Annie. Tishman Speyer and Travelers Group will retain the other 25%.

NEW YORK CITY-Ownership is looking to find a buyer for its 11-story, 50,400 sf mixed-use building located in the shadow of the Empire State Building. D.G. Hart has been named exclusive broker for the sale.