NEW YORK CITY-Tarragon Realty Investors Inc. recently secured $104 million first mortgage pool financing with GE Real Estate in a transaction structured to allow flexibility for the investor and developer of for-sale housing and rental communities.

NEW YORK CITY-Developers are just now putting in proposals to take advantage of the $8 billion Liberty Bond program. One $82 million project was approved and more $700 million in additional projects received initial inducement approval.

NEW YORK CITY-Showing its commitment to Downtown Manhattan, American Express is in the final stages of inking a deal for 70,000 sf of space at 3 World Financial Center. The credit card firm is part owner of the building, with Brookfield Properties.

NEW YORK CITY- Legislation proposed by Governor George Pataki would allow for the availability of more insurance coverage options for economic loss resulting from business interruptions in times of emergencies.

NEW YORK CITY-Securing Manhattan's buildings from future terrorist attacks can cost anywhere from 10 cents to $1 per sf for existing structures and 10% to 20% extra for new construction, industry experts assess.

NEW YORK CITY- Despite all the current doom and gloom, rent levels in the New York City office market are showing a sturdy growth and are in better shape than during the last recession.

NEW YORK CITY-Real estate industry veterans were honored for their work and community service at the Real Estate Board of New York's (REBNY) first annual awards.

NEW YORK CITY-A new investment firm, started by industry veteran Richard Mandel, has been established to provide mezzanine financing for hotel owners and investors in the top 25 US hotel markets.