FARMINGDALE, NY-New York Life picks up a 15-acre site here for $28.5 million. The ownership entered into a 25-year ground lease with Lowe's Home Centers to build a 130,000-sf Lowe's Home Improvement store on the site.

NEW YORK CITY-The ball is now in Larry Silverstein's court as his team is reviewing a proposal submitted by the Port Authority for the WTC redevelopment. One aspect calls for Silverstein to relinquish control of the Freedom Tower development.

NEW YORK CITY-The ball is now in Larry Silverstein's court as his team is reviewing a proposal submitted by the Port Authority for the WTC redevelopment. One aspect calls for Silverstein to relinquish control of the Freedom Tower development.

NEW YORK CITY-Madison Capital picks up a partnership interest in an 85,000-sf retail condominium in 1880 Broadway. The under-construction site will include four floors of retail space.

NEW YORK CITY-Madison Capital picks up a partnership interest in an 85,000-sf retail condominium in 1880 Broadway.

NEW YORK CITY-Abram Barkan, who had a more than 60-year career in the commercial real estate industry, died at age 87 on April 17. He was a past national president for the Counselors of Real Estate and a REBNY past governor.

NEW YORK CITY-Apparel giant VF Sportswear locks in a large amount of potential expansion space in a Midtown tower. The firm could potentially occupy more than 215,000 sf in the site.

NEW YORK CITY-Apparel giant VF Sportswear locks in a large amount of potential expansion space in a Midtown tower. The firm could potentially occupy more than 215,000 sf in the site.