NEW YORK CITY-Equity firm Kohlberg Kravis Roberts, which was part of the team that acquired the Toys 'R' Us and Babies 'R' Us chains last month, is taking its KKR Financial Corp. REIT public.

NEW YORK CITY-Equity firm Kohlberg Kravis Roberts, which was part of the team that acquired the Toys 'R' Us and Babies 'R' Us chains last month, is taking its KKR Financial Corp. REIT public.

NEW YORK CITY-A joint venture comprised of Investcorp and L&L Acquisitions acquires 250 West 39th St. for $41.4 million. The group plans to continue to convert space to office/showroom

NEW YORK CITY-As an agreement is put in place for the famed Plaza Hotel, the condo hotel concept is debated by industry insiders. One expert said the trend "scares me."

NEW YORK CITY-The state changes plans to construct a traffic tunnel on West Street in Lower Manhattan as part of the World Trade Center rebuilding process. New plans call for a street-level boulevard.

NEW YORK CITY-This is the firm's second international venture. A month ago, the firm raised $300 million in an IPO for Cohen & Steers Worldwide Realty Income Fund Inc.

NEW YORK CITY-This is the firm's second international venture. A month ago, the firm raised $300 million in an IPO for Cohen & Steers Worldwide Realty Income Fund Inc.

NEW YORK CITY-Locally based New Plan Excel is "exploring possible opportunities" in Australia involving a number of properties in its portfolio. Multiplex Group confirms to the Australian Stock Exchange that it is in negotiations for what could be a $1 billion deal.