NEW YORK CITY-The hotel REIT and Cerberus Capital Management have decided to pull the plug on a joint venture agreement for 64 hotels valued at $1.125 billion.

NEW YORK CITY-The unsecured revolving credit facility with RBS Citizens Bank will allow the REIT to borrow up to $115 million on a medium-term basis for new property acquisitions.

NEW YORK CITY-Let’s not throw in the towel on our vanishing urban industrial spaces just yet.

NEW YORK CITY-The revised $25.1-billion Port Authority capital plan saved 131,000 construction jobs, but opponents say the increases place an unfair burden on working and middle-class residents.

NEW YORK CITY-With depleted operating and capital budgets and little revenue coming in, architects and engineers at New York’s Professional Women in Construction’s Thursday night event discussed how to provide value to clients through sustainable building measures.

NEW YORK CITY-CRE industry leaders tell GlobeSt.com's Jacqueline Hlavenka that the US credit rating downgrade should not have a dramatic effect on property pricing, but consumer confidence is another story.

NEW ROCHELLE, NY-The Palm Beach, FL-based REIT closed on the fixed rate loan for the 124-room Residence Inn by Marriott in downtown New Rochelle, located 20 miles from Manhattan.

NEW YORK CITY-Media reports show that Bank of America may be dumping Merrill Lynch’s real estate investments to help clear up their balance sheets and comply with the Volcker Rule.