NEW YORK CITY-It's three-year alliance with the Chicago-based firm having run its course, Prescott is setting up shop on Park Avenue and will expand its menu of services while instituting a global strategy.

NEW YORK CITY-The US Olympic Committee's upcoming visit spurs a public protest regarding the city's plan to erect a stadium over the West Side Rail Yards. The press conference is scheduled for noon tomorrow in front of the Marriott Marquis hotel.

NEW YORK CITY-Locally based Benenson Capital borrows against its 38,000-sf commercial co-op unit near the former Alexander's site. The space is home to Williams Sonoma and Pottery Barn stores.

NEW YORK CITY-Michael G. Medzigian, former CEO of Lazard Freres, is heading up a new venture. Watermark Capital Partners will focus on value-added investing on behalf of institutional investors and company principals.

NEW YORK CITY-The man whose firm put more than $15 million into G&E's coffers two months ago will today be named as the brokerage firm's new chair. The move comes just weeks after CEO Barry Barovick put to rest rampant speculation that Grubb was about to be sold.

NEW YORK CITY-The beleaguered accounting firm pulled the plug on its 650,000-sf Times Square Tower lease two months ago. Building owner Boston Properties made the termination official late yesterday afternoon.

NEW YORK CITY-The beleaguered accounting firm pulled the plug on its 650,000-sf Times Square Tower lease two months ago. Building owner Boston Properties made the termination official late yesterday afternoon.

NEW YORK CITY-Perini Building Co. caps off the $1-billion casino/resort expansion with the completion of a 1,200-room luxury hotel. The largest private construction project in the East includes the largest ballroom in New England and the world's largest planetarium.