NEW YORK CITY-The property manager is negotiations to purchase Bank of America's 49% stake in 4 World Financial Center, according to the Wall Street Journal.

NEW YORK CITY-BGC plans to “aggressively drive” Newmark’s growth by investing in proprietary technology and attracting new experienced brokers to the team.

NEW YORK CITY-GFI Development Co. signed its first anchor tenant for the 10-story, 660,000-square-foot mixed-use property at 470 Vanderbilt Ave.

NEW YORK CITY-A stringent financial review of Port Authority practices shows fiscal mismanagement at the 16-acre redevelopment site, according to the New York Post.

NEW YORK CITY-Citigroup, Deutsche Bank AG, Guggenheim Securities LLC and UBS AG are discussing to combine their commercial mortgages and sell them as bonds.

NEW YORK CITY-With a looming double-dip recession and economic uncertainty in Europe, panelists at RealShare New York agreed that Manhattan isn’t immune to global problems.

NEW YORK CITY-The chairman of the city’s largest publicly-traded REIT told investors to not be afraid of selling commodity assets at ALM’s Real Estate Media Group’s 10th Annual RealShare New York conference at the Marriott Marquis Hotel in Midtown Manhattan on Wednesday morning.

NEW YORK CITY-The New York State Comptroller predicts that continued job losses in the securities industry will have a “ripple effect” on the city and state’s tax base.