NEW YORK CITY—Underscoring Lower Manhattan's new status as the it submarket, the firm reportedly is under contract to sell 80 Broad St. for over three times the price it paid for the asset in 2011.

NEW YORK CITY—Coming over to the firm from Brookfield Financial, the CRE executive's hire spotlights GlobeSt.com's coverage of several personnel changes announced Monday.

NEW YORK CITY—Under construction as part of the upcoming Virgin Hotel, the 100,000-square-foot swath of stores and a restaurant will be “game changing,” NGKF's Mitch Friedel tells GlobeSt.com.

NEW YORK CITY—Already the owner of several properties along the retail boulevard, the company has purchased 685 Fifth Ave.

NEW YORK CITY—While new office construction hasn't been robust, a counter trend is leaving vacancy rates high, economist Ken McCarthy tells GlobeSt.com in this EXCLUSIVE.

BOSTON—The new head of Transwestern's Northeast office sees corporate culture as key to growing his division, which he plans to do by leaps and bounds, GlobeSt.com learns in this <b>UPDATE</b>.

NEW YORK CITY—Concerned about affordable housing, the state and city government both put pressure on the company, which now is moving up construction of that portion of the project by a decade.

NEW YORK CITY—The dormant, city-owned building in Downtown Brooklyn will become part of the school's engineering and applied sciences programs.