NEW YORK CITY-The final steel beam was lifted 977 feet in the air and placed atop the 72-story tower. Click through for photos from the ceremony.

NEW YORK CITY-Sources across the country tell GlobeSt.com’s Natalie Dolce, Robert Carr and Jacqueline Hlavenka that Moody’s downgrades of 15 banks and securities firms should not strike a major blow to commercial real estate—but the psychological aspect might.

NEW YORK CITY-Jules Demchick, chairman of JD Carlisle, tells GlobeSt.com that the company is switching its focus to its new ground-up rental property at 33rd & Madison after getting a “great price” on the Beatrice.

NEW YORK CITY-Officials have introduced legislation that will streamline the process for broadband-related permitting, allowing the city’s real estate sector to increase its bandwidth to support increased growth from technology companies.

NEW YORK CITY-GlobeSt.com got an exclusive sneak peek of the 42-story building in Long Island City on Wednesday evening. Check out photos after the jump.

NEW YORK CITY-Arthur Milston of Savills US talks with GlobeSt.com’s Jacqueline Hlavenka about the pricing on the deal, and why the market is “not as rosy” as before.

NEW YORK CITY-The financing now allows developer Hines and joint venture partner Pacolet Milliken Enterprises to move forward on construction here at 1045 Avenue of the Americas.

NEW YORK CITY-Both parties “mutually agreed” to conclude negotiations over a potential sale of the alternative asset management business, the bank unveiled in a statement.