NEW YORK CITY-The New York Academy of Sciences is the first tenant to sign on the dotted line for space at 7 World Trade Center. The academy inks a 15-year deal for the entire 40th floor and expects to move into the 40,000-sf space for its next academic year in September of 2006.

NEW YORK CITY-While losses associated with hurricanes this year are estimated to range from $50 billion to $80 billion, 2006 looks to be "another bad year," according to Swiss Re executives. And the magnitude of losses has changed the perception of risk.

NEW YORK CITY-Reckson signs deals totaling approximately 72,000 sf at two offices here. Two law firms and a software concern ink the deals.

NEW YORK CITY-Tarragon Corp. continues with its capital redeployment effort. The company is divesting of its real estate investments to concentrate on urban homebuilding efforts.

NEW YORK CITY-Tarragon Corp. continues with its capital redeployment effort. The company is divesting of its real estate investments to concentrate on urban homebuilding efforts.

NEW YORK CITY-Vornado walks away with proceeds of approximately $206.5 million through a $318.6-million refinancing of 888 Seventh Ave., where the REIT has offices. The rest of the funds went toward repaying a loan on the property and closing costs.

NEW YORK CITY-Vornado walks away with proceeds of approximately $206.5 million through a $318.6-million refinancing of 888 Seventh Ave., where the REIT has offices. The rest of the funds went toward repaying a loan on the property and closing costs.

NEW YORK CITY-The parties involved in the World Trade Center Site redevelopment reach an impasse in continuing discussions regarding the amount of Liberty Bond financing that should be allocated for the project. State and city officials continue to negotiate with site leaseholder and developer Larry Silverstein.