NEW YORK CITY-The lenders lined up to be able to provide the permanent financing for the 34-story Chelsea Tower. An affiliate of AIG came out on top.

COLONIAL HEIGHTS, VA-A Best Buy store is now on its way to the Richmond area. The company will take on 30,000 sf of space at the 170,000-sf Dimmock Square shopping center, which sits near the intersection on I-95 and Temple Ave. Barbra Murray

NEW YORK CITY-Longtime Cushman & Wakefield broker John L. Dowling died May 4 in Boca Grande, FL at the age of 66. "He taught me everything I know," one top broker said of him.

NEW YORK CITY-According to a construction outlook for the upcoming years issued by the New York Building Congress, while total construction spending is expected to reach $15 billion this year, that represents a drop from $16.7 billion last year.

NEW YORK CITY-Gerard Nocera, who started with the self-administered and self-managed REIT a decade ago, has been promoted to COO. He previously served as executive vice president and director of real estate.

NEW YORK CITY-A new timeline for the redevelopment of Lower Manhattan has been put into action. The plan includes moving up the groundbreaking of the Freedom Tower from Sept. 11 to July 4 of this year.

NEW YORK CITY-Ikon Office Solutions has inked a deal to occupy 10,836 sf of space at 950 Third Ave. The company will relocate one of its sales divisions to the site.

NEW YORK CITY-WP Carey completes the largest transaction in its 30-year history as the firm completes a $312-million lease transaction involving four million sf of U-Haul self-storage and truck-rental outlets.