NEW YORK CITY-Gary Barnett is likely to sell his 150,000-square-foot retail space on East 86th Street on the Upper East Side to Vornado Realty Trust, for over $150 million.

WASHINGTON, DC-Conservatives who have been complaining about Fannie Mae and Freddie Mac's legal issues, the government-backed mortgage firms, for years have now been proven right.

NEW YORK CITY-Passenger railroad company Amtrak and Krispy Creme Donuts have sued to block the sale of the lease on Penn Station by its franchisee Satellite Donuts, to the operator of Jamba Juice.

NEW YORK CITY-Institutions and stores on Broadway will face challenges with the appearance of new establishments.

LAS VEGAS-Life Time Fitness, a Minnesota-based health club operator, has restarted the construction of its three-story, 140,000 square-foot building at 10721 W. Charleston Blvd. in Summerlin, with a plan to open it during the last half of next year.

NEW YORK CITY-The owners of 111 Eighth Avenue are betting that recovery in the real estate market will fetch their three million-square-foot office building $2 billion.

CHICAGO-Christopher Kennedy, owner of Merchandise Mart Properties Inc., has stated that the Merchandise Mart and associated assets in Chicago are not for sale despite rumors of the same.

MCLEAN, VA-Mortgage rates for 30-year loans have increased for the first time in 12 consecutive weeks as Americans attempted refinancings in the middle of low borrowing prices.