NEW YORK CITY-Over the last two weeks, the Morgan Stanley REIT Index has hit four new highs and this week it reversed $51 million in outflows from real estate mutual funds during that period with an inflow of $80 million.

NEW YORK CITY-A 19-year real estate industry veteran, she will oversee all Downtown sales and on-site sales activity. She had been with Brown Harris' Feathered Nest affiliate since 1999.

PHILADELPHIA-Zurich Structured Finance is the new majority partner of the 142-old landmark, which completed a $95-million renovation in 1988. Former owner the Brickstone Cos. will continue to manage the center.

NEW YORK CITY-A Fitch study finds that just over 1% of CMBS loans defaulted and the losses they produced were low. Loss percentages are expected to rise over time, however, as the real estate markets continue weakening and recent defaults are worked out.

NEW YORK CITY-Over 91% of the gross leasable area of the firm's shopping centers is leased. The same is true of 85% of its factory outlet centers and 89% of its 281 retail properties. In May, it agreed to sell all of its 53 garden apartment communities for $380 million.

NEW YORK CITY-Since June, leasing in Midtown is up 29%, in Downtown it has risen 15% and Midtown South has seen a 46% boost. Although most of the deals are mid-size transactions, about 40 companies are looking for 100,000 sf and more.

NEW YORK CITY-Boston Properties acquired the property earlier this year in a joint venture with Allied Partners, for a total of $775 million. JLL's LaSalle Investment Management arm acted as advisor to the seller, Dai-ichi Life Investment Properties, in that deal.

NEW YORK CITY-Assets of real estate mutual funds slipped to $11.7 billion for the week ending August 1 and their 30-day average trading volume slipped 7.7% to 14.6 million shares. But although the Morgan Stanley REIT Index is off its all-time high, it's still beating the major equity indexes year-to-date.