NEW YORK CITY-iStar Financial acquires Falcon Financial Investment Trust for approximately $120 million. The deal is expected to close in the first half of the year.

NEW YORK CITY-Longtime CBRE broker James Stella signs on at Cresa Partners. He will serve as an executive vice president and principal of the office here.

NEW YORK CITY-Construction and mezz financing of $178.9 million closes on a 390,000-sf condo project at 325 Fifth Ave. The total estimated development cost is $190 million.

NEW YORK CITY-Construction and mezz financing of $178.9 million closes on a 390,000-sf condo project at 325 Fifth Ave. The total estimated development cost is $190 million.

NEW YORK CITY-Bids are coming due for Midtown's 28 W. 44th St. Transwestern picked up the asset four years ago.

NEW YORK CITY-Bids are coming due for Midtown's 28 W. 44th St. Transwestern picked up the asset four years ago.

MELVILLE, NY-The office market continues to travel on the road to recovery. A number of financial services and consumer product firms are searching around for large amounts of space; however, a number of office developments will come to market this year adding to the office inventory.

BRONX, NY-The city agency consolidates from three separate locations. In addition, Simone Developer acquires more acreage for a possible 640,000-sf addition.