NEW YORK CITY-Temporary office-space company HQ Global Holdings misses its deadline on an $8 million loan payment, throwing the firm into default and putting a $100-million loan from Reckson Realty at risk.

NEW YORK CITY-An out-of-control fire at an Astoria furniture warehouse has been burning since 1:30 a.m. Fireboats and cherrypickers have been brought to the four-story building in an attempt to contain the flames, which can be seen from Manhattan's East Side.

The hotel group announces the appointment of former US trade policy expert and cabinet member Charlene Barshefsky to its Board of Directors.

NEW YORK CITY-World Trade Center leaseholder Larry Silverstein sits down with Brookfield Financial Properties chairman John Zuccotti to discuss redeveloping the WTC site.

NEW YORK CITY-A 340,000-sf auto showroom is breaking out of the box with a high-tech redesign that includes an indoor test track, climbing wall and cafi.

PHILADELPHIA-Three prominent Downtown buildings, owned by a New York investment firm, are to be net leased by a New York-based real estate advisory firm.

NEW YORK CITY-The REIT unloads the last of its three remaining retail properties, a 1.2 million-sf shopping center in Toronto, the company's Canadian headquarters city.

NEW YORK CITY-An international law firm is moving its local offices from one of the city's most notable Park Avenue skyscrapers to larger quarters less than a block away. But the attorney's aren't packing their briefs yet; they won't occupy the new space until July 2002.