NEW YORK CITY-Steven Schultz, executive managing director at NGKF, tells GlobeSt.com's Jacqueline Hlavenka that the decision was based on taking the business "to the next level.

NEW YORK CITY-As emerging powers continue to grow in Hong Kong, Shanghai and London, the industry&#146;s biggest owners, managers, developers and brokers discussed at <b>RealShare New York 2012</b> how Manhattan is going head-to-head.

NEW YORK CITY-Mayor Michael Bloomberg and DOB commissioner Robert LiMandri said that the city will expand its NYC Development Hub portal for developers and contractors to help expedite applications in a more timely fashion.

NEW YORK CITY-Ariel Aufgang, the architect designing towers above the historic Victoria Theater, tells GlobeSt.com's Jacqueline Hlavenka the project will involve preservation as well as progress on 125th Street.

NEW YORK CITY-Justin R. Piasecki, a principal at Avison Young who is handling the deal, tells GlobeSt.com that "it is the right place and right time" to invest in single-family.

NEW YORK CITY-CNY Builders has topped out its $200 million, 70-story, 371,000-square-foot Marriott Hotel at 54th Street, highlighting this week&#146;s wrap-up of deals. Check out what top transactions made our list.

DEDHAM, MA-Michael Sauer, senior vice president of development at BVT, tells GlobeSt.com's Jacqueline Hlavenka that the transaction has officially closed following an "intense" bidding process.

NEW YORK CITY-Sources familiar with the transaction say Boston-based Rockpoint Group holds a controlling majority interest in the acquisition, while equity partner Goldman Sachs Real Estate Principal Investment Area is the minority player.