CHICAGO-The insurer picks up Trizec's second mortgage for a song. The insurance firm already holds the $766-million first mortgage on the building. Last year, the value of the building was indicated by Trizec, through its right down, at just over $800 million.

NEW YORK CITY-A CB Richard Ellis building-management executive tells how he coordinated the safe evacuation of some 115 New York metropolitan buildings during the worst blackout in US history. And he tells how the event will help to shape his firm's ongoing emergency procedures.

NEW YORK CITY-The joint venture intends to produce anywhere from three to four million sf of build-to-suit warehousing and light manufacturing annually in foreign trade zones around the country.

NEW YORK CITY-The waiting is over and the CB Richard Ellis and Insignia Financial deal is on the fast-track to closing. That event is expected to happen tomorrow.

CHICAGO-The media group is building upon its commitment to the Chicago real estate market with the launch of <i>Real Estate Mid-America</i>. Publisher Jonathan Schein uses the firm's Real Share Chicago conference today to unveil plans for a September launch.

NEW YORK CITY-It's been rumored for months, but now it's official. Lend Lease has confirmed that it will exit the US real estate investment sector. GlobeSt.com has learned that a management buyout of Holliday Fenoglio Fowler is still the likely option.

NEW YORK CITY-And he pledges a 2006 topping out for Libeskind's Liberty Tower in addition to committing $50 million for near-term improvements. The governor also laid out the specifics of the $4.6-billion transit hub development.

NEW YORK CITY-Forget the hedges against a down market. Panelists at a recent RICS/CRE meeting say CBDs are still the thing.