NEW YORK CITY-The law firm takes an additional 52,800 sf to bring its total occupied space in the Reckson-owned site to 221,576 sf. The deal extends King & Spalding's lease until 2025.

NEW YORK CITY-Mosler officially became president and CEO of C&W on Jan. 1. He replaces Arthur Mirante.

SHEEPSHEAD BAY, NY-A $23.6-million loan, courtesy of Commerce Bank, helps a developer repay an existing acquisition/construction loan on a condominium complex here.

NEW YORK CITY-Cushman's year-end statistics show that 29 million sf of office space was leased last year, reducing the overall Manhattan vacancy rate to 11.1%. Financial services firms account for a bulk of those transactions

NEW YORK CITY-Morgan Stanley, which had offices in the World Trade Center, will return to Lower Manhattan this summer. The brokerage will sublease approximately 447,000 sf from Wachovia at One New York Plaza.

NEW YORK CITY-Construction financing is put in place for the new home of the New York Times Co. The total construction loan amount is $322.5 million with a total cost estimated at roughly $850 million.

NEW YORK CITY-The SL Green affiliate makes an $84.7-million investment in 32 office and warehouse/distribution properties in the Southeast. Since its IPO in last summer, the company has originated or invested in $422 million of financings.

NEW YORK CITY-As outdated Lower Manhattan office product is transformed into luxury condominiums, the amount of rental housing is decreasing. However, developer interest and incentive programs could bring more rental product to the market in the coming years.