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Piaget Building Could Go to Auction By Cody Lyon NEW YORK CITY-Several outcomes are possible in federal attempts to seize 650 Fifth Ave., allegedly a front for the Iranian government, including dismissal of the case. ... Full Story

Values Off 43% From 2007 Peak By Paul Bubny NEW YORK CITY-The rate of price declines appears to be slowing, says Moodys, although RCA notes that 2009 could be the slowest year this decade. ... Full Story

GlobeSt.TV: Tenants’ Time Is Now NEW YORK CITY-Marisa Manley, president of Commercial Tenant RE Representation, sits down with Ryan Clark of GlobeSt.com to discuss the flux in the owner/tenant dynamic. ... Full Story

Port Forges Ahead at WTC By Cody Lyon NEW YORK CITY-The Port Authoritys board approved to sell additional bonds for Ground Zero redevelopment and to retain Cushman & Wakefield for advisory services. ... Full Story

GGP Said to Reach Pact With Creditors By Paul Bubny NEW YORK CITY-Lawyers told a federal judge here Thursday that the plan would cover 166 of GGPs operating entities, the Wall Street Journal reported ... Full Story

Reform Allows Some Below-Market Land Sales By Paul Bubny NEW YORK CITY-The state Assembly on Wednesday passed a modified version of the Public Authorities Reform Act, to the relief of Mayor Michael Bloomberg. ... Full Story

Recovery Could Look Like a ‘U’ By Paul Bubny NEW YORK CITY-Fundamentals will continue declining nationwide through 2010, followed by a period of slow, sustained growth, Grubb & Ellis executives said here Wednesday. ... Full Story

GlobeSt.TV: Expect More Distressed Debt By Ryan Clark NEW YORK CITY-Mark Costello, a partner at Ernst & Young, talks to GlobeSt.coms Ian Ritter about the industrys distressed debt picture. ... Full Story

Wall Street Recovers Faster Than Expected By Paul Bubny NEW YORK CITY-State comptroller DiNapoli says that the securities industry is profitable again, but both he and city comptroller Thompson warn that job losses persist. ... Full Story

New CMBS Gets First Takers Under TALF By Paul Bubny NEW YORK CITY-The Federal Reserve Bank of New York said Wednesday it had gotten $72.2 million in requests for newly issued CMBS, ending a five-month drought. ... Full Story

GlobeSt.TV: Restructuring Loans Easier, But Not Easy By Ryan Clark NEW YORK CITY-Scott Singer of the Singer & Bassuk Organization discusses the hurdles of workouts with GlobeSt.coms Paul Bubny at the recent RealShare New York conference. ... Full Story

Government Needs to Get More Serious By Paul Bubny NEW YORK CITY-The Corus deal and DDRs issue of new CMBS show that Washington is smartening up, but more must be done, REBNY panelists said Tuesday. ... Full Story

Industry’s Good Scouts Raise $325K By Cody Lyon NEW YORK CITYAn annual event since 1963, the Boy Scouts Real Estate Industry 'Good Scout' Reunion Luncheon brought together local luminaries Monday. ... Full Story

Mid-Sized Banks Bear Brunt of Loan Risk By Paul Bubny NEW YORK CITY-Smaller banks could lose up to 24% on their commercial real estate loans as fundamentals continue declining, says a Fitch Ratings report. ... Full Story

Travel Agency Stays Put in 26,000-SF Renewal By Paul Bubny NEW YORK CITYOvation Travel Group is keeping its headquarters space on the 10th and 11th floors at 71 Fifth Ave. for 10 more years. ... Full Story

Garment Center Office Trades for $29M By Paul Bubny NEW YORK CITY-A JV of two local entrepreneurs has acquired 63-67 W. 38th St. in an all-cash deal from seller Savanna Investment Management. ... Full Story

Leasing Velocity Dips in October By Paul Bubny NEW YORK CITY-Following a busy third quarter, Midtown volume came in under the one-million-square-foot mark for the first time since May. ... Full Story

GlobeSt.TV: Normal Credit Market Years Away By Ian Ritter NEW YORK CITYWilliam Green, CEO of Tannery Brook Partners, speaks with GlobeSt.coms Paul Bubny at RealShare New York about the time frame for a recovery. ... Full Story

Costco Comes to Manhattan By Paul Bubny NEW YORK CITY-The warehouse club opens its first location in the borough with a 110,000-square-foot space at the new East River Plaza in Harlem. ... Full Story

City Shops for Rides After Coney Island Deal By Cody Lyon NEW YORK CITY-The city is issuing an RFP for operators and developers of a 12.5-acre amusement park, one day after announcing an agreement with Thor Equities. ... Full Story

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