NEW YORK CITY-The Dow Jones closed up 0.2% year to date while the S&P 500 is down 5.7% and the Nasdaq by 17.1%. The RMS rose 1.7% for the same period.

NEW YORK CITY-The decline is good news, says Lodging Econometrics, because it leaves guestroom demand and pricing as the primary variables, eliminating future supply growth as a concern for the industry.

NEW YORK CITY-With the firm since 1994, the new president, Edward V. LaPuma, has been involved in more than 20 deals over the past two years that have brought in approximately $400 million. He will continue as a member of Carey's acquisition team.

NEW YORK CITY-Buyers are fearful they will overpay if they make full-price offers, some brokers report in a Brown Harris Stevens study. The report says that the residential market peaked about a year ago.

NEW YORK CITY-The 24-story property is used by the fashion industry for office and showroom space. SLG will retain an equity position in the property and expects to receive a gain of about $6 million.

NEW YORK CITY-Buyers are fearful they will overpay if they make full-price offers, some brokers report in a Brown Harris Stevens study. The report says that the residential market peaked about a year ago.

NEW YORK CITY-Free rent and tenant improvements top the list of the giveaways owners are offering to keep their vacancies down.

NEW YORK CITY-There's room in the CMBS capital markets for conservatively underwritten loans secured by telecom centers, Fitch says, but notes the high bond default rate of these companies and underscores the risks involved with their untested business models.