NEW YORK CITY-Regent Business Centers is taking over the space in 787 Seventh Ave. from Ernst & Young US LLP, which was subleasing it from the original tenant, Bank One. CB Richard Ellis brokered the deal.

NEW YORK CITY-During an event held in Lower Manhattan this morning, the LMDC announced its plans to launch the memorial design competition for the World Trade Center site within the next three weeks. An as-yet-to-be-named jury will be tasked with selecting the winner this fall.

NEW YORK CITY-Triple net and synthetic leases, 1031 exchanges, and sale-lease backs are some of the key topics of discussion that make up this week's RealShare Net Lease program, a national real estate conference being held here at the Roosevelt Hotel.

NEW YORK CITY-The Big Apple is holding on to yet another law firm as the labor, employment and health team of Epstein Becker & Green PC sign on for 16 more years at its Park Ave. headquarters. The firm is expanding to 99,241 sf in a deal valued at $75 million.

NEW YORK CITY-Cushman & Wakefield released its first quarter numbers at an event here yesterday, showing a stabilization in vacancies but dips in overall asking rents. Of course, the continuing wild card is if Operation Iraqi Freedom will send the industry into a tailspin.

NEW YORK CITY-The pair of Lower Manhattan specialists, Carri Lyon and Gerry Miovski, have joined Cushman & Wakefield's Downtown Manhattan office. Both previously worked at Insignia/ESG.

NEW YORK CITY-Sun and surf have swished into 3 Times Square with the debut of Quiksilver Inc.'s newest boardriders club. Claiming to have found a market in urban locations, the 3,300-sf retail store marks the company's second Manhattan address.

NEW YORK CITY-While much has been said regarding the designs for rebuilding downtown, little has been explained about the funding. At a Bond Market Association event held last week, experts broke down some of the financial hurdles including Liberty Bonds and insurance proceeds.