MELVILLE, NY-The LPT will initially purchase a 75% indirect interest in a 3.4-million-sf portfolio for approximately $563 million, while Reckson will retain a 25% indirect interest in the 25 properties.

MELVILLE, NY-The LPT will initially purchase a 75% indirect interest in a 3.4-million-sf portfolio for approximately $563 million, while Reckson will retain a 25% indirect interest in the 25 properties.

NEW YORK CITY-Though all the details haven't been firmed up as of yet, one state agency approves funding that will bring the total of financing package for Goldman Sachs proposed Downtown headquarters up to approximately $1.6 billion.

NEW YORK CITY-Though all the details haven't been firmed up as of yet, one state agency approves funding that will bring the total of financing package for Goldman Sachs proposed Downtown headquarters up to approximately $1.6 billion.

NEW YORK CITY-Locally based Stellar Management acquires a tri-state area apartment portfolio for approximately $50 million. The 12 properties are in here, in Yonkers and in Scarsdale.

NEW YORK CITY-Town Sports International inks a 15-year lease for 22,206 sf of space for its New York Sports Club division at 225 Varick St.

NEW YORK CITY-Town Sports International inks a 15-year lease for 22,206 sf of space for its New York Sports Club division at 225 Varick St.

NEW YORK CITY-A $200-million financing package closes for the first office acquisition by Somerset Partners.