NEW YORK CITY-Gothelf, a member of the Land Use Group at Herrick, Feinstein shares with GlobeSt.com his thoughts on New York City zoning—and why taller and more dense might be the way to go.

NEW YORK CITY-Revelers planning to ring in the new year in the Big Apple will have to pay a hefty price for hotel rooms, according to data from NewYorkHotels.org.

A bad holiday for Sears Holdings means over a hundred Sears and Kmart stores will be closing. Still, I struggle to see any personal impact.

NEW YORK CITY-Some of 2011’s biggest NYC residential real estate deals involved Russians, lured to the US market by its comparative safety, Edward Mermelstein tells GlobeSt.com’s Carl Gaines.

NEW YORK CITY-Guggenheim Partners, a New York-based financial firm, has signed on to lease 186,000 square feet of space at Vornado Realty Trust’s 330 Madison Ave.

NEW YORK CITY-Denim line DL 1961 has more than doubled its space at Savitt Partners’ 530 Seventh Ave., a 460,000-square-foot Art Deco building located in the Garment District.

NEW YORK CITY-The former home of the American International Group has sold for more than $200 million to a JV that plans to develop the site into a high-end hotel and luxury residential building.

NEW YORK CITY-The companies have formed a JV to recap the office portion of the building. Vornado has acquired a 49.5% stake and both have agreed to contribute to a $110 million loan to the JV for tenant improvements and working capital.