NEW YORK CITY-Barnes & Noble took the last three years of Conran's lease for 40,000 sf of space when the furniture retailer went bankrupt. Comparable space goes for $35 per sf.

NEW YORK CITY-Barnes & Noble took the last three years of Conran's lease for 40,000 sf of space when the furniture retailer went bankrupt. Comparable space goes for $35 per sf.

NEW YORK CITY-Most of the upgrades resulted from increases in subordination levels resulting from paydowns. Downgrades affected the health care industry, retail factory outlets, credit tenant lease deals and limited service hotels.

NEW YORK CITY-Most of the upgrades resulted from increases in subordination levels resulting from paydowns. Downgrades affected the health care industry, retail factory outlets, credit tenant lease deals and limited service hotels.

NEW YORK CITY-The availability rate rose 0.4% in a month and the average asking rate in February saw the first monthly aggregate decline since 1996. Still, the availability rate last month was one percentage point lower than it was a year ago.

NEW YORK-Richard Born and Ian Schrager purchased the property for $7 million and plan putting up a $30-million property.

NEW YORK-Richard Born and Ian Schrager purchased the property for $7 million and plan putting up a $30-million property.

NEW YORK CITY-The prices of apartments have not dropped dramatically, but the number of sales has declined because buyers are not motivated and sellers don't want to settle for less. Commercial real estate owners face a rosier picture.