NEW YORK CITY-Seeing opportunity in the single-family home market, company chairman Howard L. Michaels is spearheading a website devoted to the sale of performing, non-performing real estate loans and REO, GlobeSt.com has learned exclusively.

NEW YORK CITY-The Port Authority Board approved the agreement on April 26, which comes right before the 1,776-foot skyscraper is expected to surpass the Empire State Building in height on Monday.

NEW YORK CITY-The Federal Reserve Bank of New York sold the entirety of the collateralized debt obligations from its Maiden Lane III LLC portfolio to Barclays Capital and Deutsche Bank Securities Inc. A spokeswoman for the New York Fed tells GlobeSt.com that the price of the deal will be confirmed on July 16.

NEW YORK CITY-Shutting down rumors of a potential move to Lower Manhattan or the Far West Side, Andrew Mathias, president of SL Green, said during an earnings call that the media company “knew what they wanted” and the Manhattan office REIT knew what the tenant “needed” to stay in Times Square.

NEW YORK CITY-In an e-mail to GlobeSt.com, REBNY president Steve Spinola says imposing wage mandates increases costs on employers and raises the risk of less jobs, but members of Local 32BJ say the veto hurts taxpayers and working families.

NEW YORK CITY-Marking the second major executive move this week, ex-Grubb & Ellis CEO Thomas D’Arcy has jumped ship to join American Realty Capital Healthcare Trust, Inc. as CEO, GlobeSt.com has learned.

NEW YORK CITY-The media giant will expand its footprint to 1.6 million square feet in the Times Square tower through 2031, SL Green confirms.

NEW YORK CITY-David Marriott, COO of Marriott Hotels, joined Hidrock officials to welcome the 173-key hotel to the Herald Square submarket on Wednesday morning. Click through for exclusive GlobeSt.com photos.