NEW YORK CITY-Not every type of property offers opportunities, however. Investors should steer clear of limited service hotels and power centers as well as "nine-to-five" cities.

NEW YORK CITY-Occupancy of the 73-year-old building, now undergoing renovation, is slated for next February. More than a third of the property is now leased. Renovations underway include installation of a fiber-optic backbone, a tenant-controlled HVAC system, ADA-compliant bathrooms and thermopane windows.

NEW YORK CITY-The Los Angeles-based REIT is the largest property owner in Southern California, with a market share of about 6%.

NEW YORK CITY-The move is the first step in a shift by Lexington Corporate Properties Trust from a buy-and-hold strategy to active portfolio management.

NEW YORK CITY-Roger Kahn moves from Grubb & Ellis to senior VP of management and construction at the REIT.

NEW YORK CITY-The 52,100 sf facility outside of Houston was purchased for about $7.3 million.

NEW YORK CITY-The new officials, formerly principals of Accord Properties Associates, will serve as COO, EVP of acquisitions, and president of Tarragon's residential property subsidiary.

NEW YORK-Red Distribution takes 18,500 sf on the 16th floor of 79 Fifth Ave.