NEW YORK CITY-Cerberus Capital Management and Chatham Lodging Trust will buy the 64 hotels at a reduced price of $1.02 billion.

NEW YORK CITY-Fairfield and Westchester Counties, according to Q3 2011 data from CBRE, experienced differing trends in office leasing, as caution prevailed in Westchester and expansions heated up the market in Fairfield.

NEW YORK CITY-Three new leases, arranged by Cassidy Turley at the 245,000-square-foot duo of Midtown buildings, reduce available space there by 31,000 square feet.

NEW YORK CITY-Proprietary data from CBRE, compiled from its debt and equity lending platform, shows that non-agency lending is on the rise.

NEW YORK CITY-AN agreement is in place to sell the famed MetLife Clock Tower Building, at 5 Madison Ave., for $165 million. The buyer, however, has not been disclosed.

GARDEN CITY, NY-The 520,000-square-foot office complex, comprised of four buildings, will be refinanced and recapped in a joint venture between the Treeline Cos. and Long Wharf Real Estate Partners.

STATEN ISLAND, NY-Muss Development’s Jason Muss tells GlobeSt.com’s Carl Gaines that an influx of legal tenants to the company’s 60 Bay St. location is due in part to the building’s amenities and location, but also comes thanks to development next door.

NEW YORK CITY-Reports indicate that Innkeepers and JV partners Cerberus Capital Management and Chatham Lodging Trust are near an agreement following the JV’s abandoning of a $1.13 billion agreement to buy 64 Innkeepers hotel properties.