NEW YORK CITY-The $267 million project—which will be managed by the Port Authority of New York & New Jersey—will connect the existing Penn Station with the Farley Building across Eighth Avenue.

NEW YORK CITY-Company president and managing director Alex Santos tells GlobeSt.com in an e-mail that the firm has had preliminary discussions with Moody’s to create a “task force” that will outline how the real estate industry can avoid the underwriting mistakes of the past.

NEW YORK CITY-The hedge fund sponsor has teamed up with the Yucaipa Cos. to convert debt to equity in order to slice the luxury retailer’s long-term debt from $590 million to $50 million.

NEW YORK CITY-A source close to the deal tells GlobeSt.com that rents could average at $50 a foot, thanks to strong fundamentals and increased demand for amenity-based multifamily buildings in Downtown Brooklyn.

NEW YORK CITY-The firm is staffing up its investment sales division in its new Manhattan office. Neil Helman talks to GlobeSt.com about the executive moves, and why the staffers chose Avison over Grubb.

NEW YORK CITY-After seeing strong increases in FFO and NOI in the first quarter, the publicly-traded REIT is planning to improve its balance sheet metrics by making new purchases in the triple net lease space throughout the rest of the year.

NEW YORK CITY- Investment sales veteran Adelaide Polsinelli and her new partner Robert Khodadadian rocked mad46 at the Roosevelt Hotel on Thursday evening in honor of their new positions at Eastern Consolidated. GlobeSt.com joined in on the fun.

CHICAGO-A new study from Ferguson Partners Ltd. shows that real estate investment trusts that have had a female board member for more than three years have seen materially higher returns than their counterparts. GlobeSt.com examined why.