NEW YORK CITY-The Discovery Building will be the new moniker of 850 Third Ave. as the Discovery Channel signs on for 150,940 sf to become the East Midtown site's anchor tenant.

NEW YORK CITY-The bond insurer is relocating from 350 Park Ave. to space vacated by Deutsche Bank. It follows on law firm Clifford Chance's signing last October of a 380,000-sf deal for other Deutsche Bank space in the site.

NEW YORK CITY-The transaction is believed to be one of the largest multifamily financings ever completed in the region. It also represents PWF's largest portfolio financing ever.

NEW YORK CITY-The Aston, a 269-unit residential complex in Chelsea, secures a $104-million loan using an 80/20 financing structure designed specifically for the marketplace here.

NEW YORK CITY-After an extensive two-and-a-half year search, Cantor Fitzgerald will have a new space in Midtown to call home. The financial services firm will take over 125,000 sf currently occupied by Bloomberg LP at 110 East 59th St.

STATEN ISLAND, NY-Fifty acres of city-owned land here will become a 515-unit senior living complex. The planning commission just approved the project aimed at moderate-income residents of the borough which has the greatest number of seniors in the city.

LEVITTOWN, NY-A mall that opened in the 1970s receives a makeover as BJ's Wholesale Club and Linens 'n Things are added to the tenant roster. The 114,000-sf BJs and the 32,000-sf Linens 'n Things join Lord & Taylor and Best Buy in the center.

NEW YORK CITY-225 will not be synonymous with the local gift marketplace much longer as a majority of the tenants close in on a new home. In February, the Gift Building at 225 Fifth Ave. was sold to a joint venture which plans to convert the site into residences.