NEW YORK CITY-As the market continues to tighten, a new report from Ernst & Young says now is the time for fund managers to capitalize on distressed deal opportunities.

NEW YORK CITY-Manhattan’s largest office REIT will sell the leased fee interest in the building for $85 million. Plus more New York news.

New York lost nearly 12.5 million square feet after 9/11. Now, the area below Canal Street is emerging as a 24/7 mixed-use community home to more than just financial services.

NEW YORK CITY-Lhota, currently the executive vice president for the Madison Square Garden Co., has been tapped to fill the shoes left behind by Jay Walder.

NEW YORK CITY-The private equity giant says the decrease from Q3 2010 was principally due to declines in performance fees and investment income.

NEW YORK CITY-After a season of wild weather, New York City Council Speaker Christine Quinn told BOMA members on Wednesday afternoon that the city government is working on new tools for building managers.

NEW YORK CITY-Kimco Realty Corp.’s David Bujnicki tells GlobeSt.com that the REIT is “going back to basics.”

NEW YORK CITY-The highly-trafficked 250,000-square-foot shopping center anchored by PC Richard, Marshalls and Bally Fitness has received a new seven-year loan.