NEW YORK CITY-The third quarter has proven to have the highest quarterly transaction volume recorded during the last eight quarters, while mall investment activity continued at a frenetic pace.

NEW YORK CITY-OppenheimerFunds, which had to relocate from 2 World Trade Center after the terrorist attacks, is returning to Lower Manhattan with a 10-year lease at 2 World Financial.

NEW YORK CITY-The Manhattan real estate market's third quarter proved to be a stable one with an unchanged vacancy rate, according to Cushman and Wakefield execs, who predicted that the fourth quarter will be a busy one.

NEW YORK CITY-Trizec fills up 55,000 sf in the only Manhattan building the Chicago-based REIT's portfolio that had significant amount of space on the market.

NEW HYDE PARK, NY-In a transaction valued at more than $700 million, Kimco's acquisition of Baltimore-based MART has been completed.

NEW YORK CITY-The sale of the landmark Roosevelt Hotel is nearing as all the bids are in. As many as 17 prospective buyers placed bids on the Midtown property and a deal is expected to be announced.

NEW YORK CITY-The Downtown incentives are working as another company moves to Lower Manhattan. Law firm Stern & Montana moves from 295 Madison to 115 Broadway and takes 26,294 at the gothic-style building.

NEW YORK CITY-The world's largest Applebee's restaurant will open its doors in early November at 50th and Broadway. The 14,000 sf establishment will feature three floors and seating for 400.