NEW YORK CITY-Manhattan's Financial District shows its Post-9/11 allure as Union Bank inks a Downtown deal for 23,458 sf. The bank had been lodged in Tower 2 of the World Trade Center. The bank signed a seven-year lease for the entire 23rd floor at 40 Wall, which it plans to occupy by late February.

The affordable-housing crisis right now is the worst it's been since the 1930s.

There is hope. Sept. 11 may have accelerated a shakeout in the economy.

NEW YORK CITY-According to newly released statistics, a serious--and downward--revaluation of commercial properties has taken place since the terrorist attacks of Sept. 11. Real Capital Analytics--GlobeSt.com's latest MarketData provider--reports that October sales volume was less than half of what it would be for a typical year-end rush.

NEW YORK CITY-Exchange chief Richard Grasso is taking a wait-and-see on the long-anticipated 900-ft.-tall headquarters tower until the city can relocate its displaced tenants and come up with some alternatives. If a tower goes up, he says, it will be shorter.

When a corporate real estate manager starts looking for space, you can bet that security will be brought up a lot earlier in the conversation.

NEW YORK CITY-Given the dire straights of the hotel sector after the Sept. 11 attacks, the expectation that things may bottom out by June may actually be good news. Our survey respondents see limited-service coming back first.

Pension capital has paid too much attention to investing in areas that only create sprawl.