I don't think any consortium can work. Too many hands in the pie.

NEW YORK CITY-Brookfield, Boston Properties, Blackstone, CIBC and Deutsche Bank have pooled their firepower to bid on the acquisition of the World Trade Center. The bids closed yesterday amid rumors that a joint venture had been formed.

NEW YORK CITY-Final bids were filed yesterday for the storied Twin Towers and various surrounding assets. Insiders report the Port Authority expects to get close to its $3-billion asking price, but the final results could take weeks.

NEW YORK CITY-Sam Zell doesn't flinch easily--not in the face of recession. He told a crowd here yesterday the fundamentals of a strong real estate market will get the industry through the economic woes of 2001's first half.

NEW YORK CITY-The 60-floor asset is the likely front-runner among a number of

NEW YORK CITY-Layoff of 14 people from NY office sets stage for hiring new techies to ramp up Bluewire, CEO Shively tells GlobeSt.com. She says the operation's funded through her break-even point.

NEW YORK CITY-Brokers here say the shuttering of some Office Depot and Sears locales could only be the beginning of a larger trend among retail types that offer no differentiation.

CHICAGO-Mark Ruda boasts a diverse background. But his history as both a newspaperman and real estate broker come together in his new assignment for GlobeStcom.