NEW YORK CITY-A team has been chosen to lead the path on the Farley-Moynihan Station Project, which is expected to cost $1 billion and add a potential of 800,000 sf of retail/commercial space to the area.

NEW YORK CITY-Accounting concern DDK and Co., subleases 12,000 sf of space at One Penn Plaza to serve as its new headquarters. DDK is taking the space from BroadVision Inc.

NEW YORK CITY-Jobs, or the lack thereof, remained the hot topic of conversation during an industry seminar on the rebounding economy. The city's ample waterfront areas were cited as one of the potential bright spots for the future.

NEW YORK CITY-Originally announced last September, Cadwalader, Wickersham and Taft's 20-year lease deal for 460,000 sf of space at 1 World Financial has been completed.

NEW YORK CITY-Within the construction site at 7 World Trade Center, Silverstein started a construction effort designed to bring minority students and minority/women business enterprises opportunities to participate in the rebuilding process.

MELVILLE, NY-Reckson Associates prices a 5.5-million share stock offering as the Internal Revenue Service audits the locally based firm.

NEW YORK CITY-Sublease space, one of the industry's major concerns, was a hot topic during the Real Estate Board of New York's member luncheon panel on the current state of the market.

NEW YORK CITY-Former President Bill Clinton, the headline speaker at CB Richard Ellis' 18th Annual Market Forecast Breakfast, spoke on a number of issues the real estate industry faces including the problem of outsourcing.