NEW YORK CITY-Telecommunications entrepreneur Daren W. Hornig completes buy-out of Manhattan-based Dwelling Quest, a residential brokerage firm. Industry sources say the price tag was just under $10 million.

MELVILLE, NY-Reckson is selling its 5.9 million sf, 95-property Long Island industrial portfolio back to the Rechler family for approximately $315.5 million and reorganizing its board of directors.

NEW YORK CITY-The Witkoff/Praedium partnership unloads two mixed-use properties in Soho for more than $22 million. The partnership had picked up the properties as part of a larger deal in March of 2000.

NEW YORK CITY-Last year at this time, the WTC rebuild was mired in indecision. While issues still abound, real progress has been made in the past 12 months, local pros observe.

NEW YORK CITY-Mortgage brokerage and real estate advisory firm the Singer and Bassuk Organization has closed on a $70-million bridge loan to 63 Wall St. into 476 residential rental apartments.

NEW YORK CITY-Issues facing the New York City real estate market will be the focus of Real Estate Media's second annual RealShare New York at the Roosevelt Hotel Tuesday, Sept. 16.

NEW YORK CITY-This is the joint venture's first acquisition since its April formation. The JV is looking to purchase $150 million of premium-branded mid-priced hotels in the Northeast.

NEW YORK CITY-JRT, which has more than five million sf of office and industrial space in its portfolio, has formed a strategic alliance with Cushman and Wakefield and Concordis Real Estate.