NEW YORK CITY-Tim Callahan, former president and CEO of Equity Office Properties, has been tapped to head the locally based REIT. The appointment is immediate, as Callahan replaces Christopher Mackenzie.

NEW YORK CITY-Weeks after major shareholders demanded corporate governance changes on the part of the executive committee of Insignia Financial, the firm files new procedures with the Fed. One shareholder who spoke with GlobeSt.com is moderately confident.

NEW YORK CITY-The umbrella corporation for Conde Nast and Parade has signed on for 43,361 sf at this Midtown asset. The firm is taking two floors, effective immediately.

NEW YORK CITY-Yesterday's routine conference call on quarterly results became anything but routine as Insignia Financial shareholders questioned chairman and CEO Andrew Farkas on reimbursements, political contributions and personal investments.

NEW YORK CITY-Unveiling proposed replacement acreage for the World Trade Center, the Lower Manhattan Development Corp. and the Port Authority yesterday rang the opening bell on what is planned to spark weeks of public discussion. Despite the variety of designs, all renderings reflect Silverstein and the Port Authority's rights as tenant and owner, said LMDC chief Whitehead.

NEW YORK CITY-The badge-checkers are stationed at the portals of our nation's lobbies, but most respondents to GlobeSt.com's latest Quick Survey tell us that it's not nearly enough.

NEW YORK CITY-Sublease space emerges from the shadows as GlobeSt.com and Sublease.com launch a new joint venture. The initiative provides a city-by-city marketing outlet to fill the nation's growing stock of sublease office space.

NEW YORK CITY-If you can't buy them, copy them. Just a month after CB Richard Ellis' failed attempt to buy Grubb & Ellis, it is in serious discussions with a handful of ex-Arthur Andersen real estate people about beefing up its corporate consultancy, sources say. CBRE remains mum on the subject.