NEW YORK CITY-Brack USA pays $31 million for the garage with plans to tear it down and build a luxury hotel. Construction is slated to be complete by fall 2008.

NEW YORK CITY-The locally based company looks to increase its ownership of the Nikko Cordial Corp. from its current 4.9% to become the majority shareholder.

NEW YORK CITY-The locally based company looks to increase its ownership of the Nikko Cordial Corp. from its current 4.9% to become the majority shareholder.

NEW YORK CITY-The unidentified buyer plans to renovate the buildings to meet future office needs as the Midtown core continues to expand outward.

NEW YORK CITY-The purchase will make Blackstone's affiliate Merlin Entertainments the second largest attraction operator in the world, as a result Merlin plans to accelerate expansion plans.

NEW YORK CITY-The purchase will make Blackstone's affiliate Merlin Entertainments the second largest attraction operator in the world, as a result Merlin plans to accelerate expansion plans.

NEW YORK CITY-The REIT has plans to acquire two Midtown properties that could be converted into an extension of one of 317 Madison Ave., which the company acquired in 2001.

NEW YORK CITY-The REIT has plans to acquire two Midtown properties that could be converted into an extension of one of 317 Madison Ave., which the company acquired in 2001.