NEW YORK CITY-Bear Stearns chairman Jimmy Cayne was joined by Governor George Pataki, US Senator Charles Schumer and 800 employees last night to light the crown atop the financial services firm's new Madison Avenue headquarters.

NEW YORK CITY-Bear Stearns chairman Jimmy Cayne was joined by Governor George Pataki, US Senator Charles Schumer and 800 employees last night to light the crown atop the financial services firm's new Madison Avenue headquarters.

NEW YORK CITY-The parent company of bookstore mega-chain Borders sells a major office/industrial facility in a leaseback deal with Los Angeles-based BentleyForbes. The 15-acre property sold for roughly $7 million.

NEW YORK CITY-Having turned most of its ill-conceived vertical mall into office space, Argent Ventures has brought in Cushman & Wakefield to manage the repositioned property, once the home of Gimbel's department store.

BOSTON-The co-founders of a Fanueil Hall retail store say their expansion space at the center will result in Northern New England's largest independent toy emporium.

NEW YORK CITY-Long Island-based Cedar Income Fund Ltd. has agreed to purchase the supermarket-anchored Loyal Plaza Shopping Center in Williamsport, PA for roughly $18.3 million.

NEW YORK CITY-Phillips Edison & Co., which specializes in buying underperforming grocery-anchored community shopping centers, has established a new fund designed to further the firm's current business plan.

BOSTON-A $125-million construction loan for the Philadelphia Phillies new $346-million ballpark is finalized by FleetBoston Financial Corp. The closing was staged at a local law firm.