NEW YORK CITY-One of the city's largest office transactions closes. An affiliate of Istithmar PJSC and Boston Properties completes the $1.2-billion transaction for the 1.2-million-sf Midtown asset.

NEW YORK CITY-One of the city's largest office transactions closes. An affiliate of Istithmar PJSC and Boston Properties completes the $1.2-billion transaction for the 1.2-million-sf Midtown asset.

NEW YORK CITY-Hotel industry executives noted the importance of increasing international tourism as well as lobbying for immigration reform. Advocating for a high-level council dealing with travel and tourism issues was also addressed during New York University's Hospitality Industry Conference.

NEW YORK CITY-Apollo closes its latest domestic fund which totaled out at approximately $700 million. Key markets for investments will be the New York metro area, Southern California, Washington, DC, Florida and Hawaii.

NEW YORK CITY-The proposed 40% cuts in Homeland Security funds to the state could impact rental rates as well as tenant interest in leasing space here. BOMA/NY is in the process of formulating a response.

NEW YORK CITY-The proposed 40% cuts in Homeland Security funds to the state could impact rental rates as well as tenant interest in leasing space here. BOMA/NY is in the process of formulating a response.

BROOKLYN, NY-Due to the increasing amount of transactions in the boroughs, Marcus & Millichap opens an office in Brooklyn Heights. Charles Blessing is regional manager of the new office.

NEW YORK CITY-An 87,447-sf site built in 1913 changes hands for $26.5 million. A local investor who needed to fulfill 1031 requirements buys the office at 6 East 39th St. in Midtown South.