NEW YORK CITY-Extended Stay America Inc. is expected to emerge from bankruptcy soon after a judge approved the hotel chain's reorganization plan.

NEW YORK CITY-Retail chain Guess has inked a lease contract for 13,000 sf of space at the 575 Fifth Ave. building of Metropolitan Life.

SHANGHAI-Property prices continued to increase in China in Q2'10. Land sales in recent years have sent prices of residential properties to skyrocket in many cities.

NEW YORK CITY-Judge Barbara Jones of the US District Court has approved the $550 million settlement between the US Securities and Exchange Commission and Goldman Sachs.

BALTIMORE-At a foreclosure auction held on Tuesday, the Hollander 95 Business Park and its surrounding land was sold for $7.3 million.

NEW YORK CITY-Pfizer Inc. has decided to sell 685 Third Ave. in midtown to TIAA-CREF for between $180 million and $190 million.

NEW YORK CITY-Godiva Chocolatier has signed a 15-year lease for 1,200 sf of retail space at 650 Fifth Avenue.

LONDON-According to Jones Lang LaSalle's latest report, sales of European commercial properties have increased by 80% in Q2 of 2010 compared to the same period last year.