NEW YORK CITY-Proving once again that law firms and financial services firms were the market movers this year, the plaintiff law firm signs a renewal and expansion lease totaling 131,619 sf at One Penn Plaza.

PRINCETON, NJ-Miami-based New Valley Corp. sells two offices here for $71.5 million. The company had purchased the sites two years ago for $54 million.

NEW YORK CITY-Vacancy rates are edging down in many markets, according to the results of the fourth annual PwC Korpacz Real Estate Investor Survey.

NEW YORK CITY-Just a week after purchasing the Bethesda Suites in Washington, DC, DiamondRock picks up a Midtown asset here for $34.4 million.

NEW YORK CITY-The largest US-based oil tanker owner inks a deal for 60,000 sf of space at 666 Third Ave. The firm leaves its home of nearly two decades due to an increasing demand for oil.

WASHINGTON, DC-Franklin Raines retires as chairman and CEO of Fannie Mae. He says he holds himself "accountable" for mistakes made by the lender.

NEW HYDE PARK, NY-Kimco, based here, and DRA Advisors complete the $1.2-billion acquisition of Price Legacy Corp. The pair, operating as PL Retail, obtain 33 centers totaling 7.7 million sf.

PARSIPPANY, NJ-Mack-Cali picks up three offices from the Gale Co. for $31 million. The complex, which totals 279,811 sf, is adjacent to the Mack-Cali Business Complex.