NEW YORK CITY-Private equity firms have approached Morgan Stanley for acquiring a stake in its non-performing real estate funds management operations, valued at $8.8 billion.

NEW YORK CITY-A team comprising William Lie Zeckendorf, Arthur Zeckendorf, and partner Eyal Ofer is planning to redevelop the 17-story 18 Gramercy Park South building.

NEW YORK CITY-Deutsche Bank has given up plans to purchase the 72 Wall St. building for $60 million.

SINGAPORE-Overseas Union Enterprise has purchased DBS Towers One and Two at Shenton Way, Singapore, from Goldman Sachs for a price of S$870.5 million (US$643.4 million).

WASHINGTON, DC-The government-altered mortgages included under the Home Affordable Modification Program (HAMP) are doing worse than previously estimated according to a new Treasury Department report.

IRVINE, CA-Central Park West is an urban housing project in Irvine conceptualized by Builder Lennar.

NEW YORK CITY-Cantor Fitzgerald, a New York-based firm, and CIM Group, a Los Angeles-based real-estate fund manager, have formed a joint venture to make nearly $5 billion in loans for commercial properties.

INDIANAPOLIS-Indianapolis Housing Agency has given approval for construction contracts valued at $1.3 million aimed at modifications of Lugar and Barton Towers.