NEW HYDE PARK, NY-VP of investor relations David F. Bujnicki tells GlobeSt.com’s Jacqueline Hlavenka that the strategy is part of the REIT’s “active recycling program” to get rid of non-strategic properties.

NEW YORK CITY-Marcus & Millichap’s John Stewart represented seller Mar-Mart Realty Co. Inc. on the deal.

NEW YORK CITY-Wire reports show that the investment bank is expected to sell its asset management business to the locally-based firm, but a spokeswoman tells GlobeSt.com that the articles “were speculative.”

NEW YORK CITY-A Russian investor has gone from fertilizer to the Financial District, paying off the mezz on the one-million-square-foot Bankers Trust Building.

NEW YORK CITY-As a result of the incident, the transportation agency has suspended all activity on the 7 train work site at 33rd and 34th Streets on the east side of 11th Avenue.

NEW YORK CITY-As part of the move, the company has consolidated its former Forest Hills, NY and Darien, CT offices into one location, moving 1,000 employees to the Brause Realty Inc.-owned property at 27-01 Queens Plaza North.

NEW YORK CITY-Over $9 billion worth of loans originated at the height of the downturn were due in the first months of 2012, but only 48% were paid off at or prior to their maturity date, according to Trepp LLC.

NEW YORK CITY-Panelists at RealShare Net Lease on Tuesday afternoon discussed how the underlying asset approach proposed by FASB and IASB would affect balance sheets.