NEW YORK CITY-The Sapir Organization reaps the benefits of $718 million in mortgage transactions on three of its properties--11 Madison Ave. and the facing 260 and 261 Madison.

NEW YORK CITY-The Sapir Organization reaps the benefits of $718 million in mortgage transactions on three of its properties--11 Madison Ave. and the facing 260 and 261 Madison.

NEW YORK CITY-Relocating from Midtown, Morgan & Finnegan signs on for more than 100,000 sf at 3 World Financial Center. The firm, which was originally located in Lower Manhattan, expects to be in its new offices in the summer.

NEW YORK CITY-WP Carey ends the year with its first-ever acquisition in Germany, as well as two other sale/leaseback financings totaling $45 million. For the year, the investment firm provided more than $700 million in transactions.

NEW YORK CITY-The new year always brings changes and in the wake of the bribery scandal in two city agencies changes in assessment procedures have been put in place.

NEW YORK CITY-To focus on core assets, the McGraw Hill Cos. sold its 45% interest in the nearly 2.6 million-sf 1221 Ave. of the Americas to SL Green Realty for $450 million.

NEW YORK CITY-Multifamily properties in Harlem are being snapped up as quickly as they come on the market. One such example is the recent sale of 345 West 145th St. for $7.2 million.

WEST WINDSOR, NJ-A first-time joint venture has purchased the 240,000-sf MarketFair Lifestyle Center here for approximately $70 million. The 98% occupied center has sales in excess of $400 per sf.