NEW YORK CITY-King St. Residential Corp. sells the 23-unit C-Corp.-structured building to Sleepy Hudson LLC, which will retain the current rent-regulated/free-market leasing structure of the building. The turn-of-the-century complex was renovated five years ago.

NEW YORK CITY-The auction house sells a 37,000-sf property it had not occupied since consolidating into Rockefeller Center in January. New York-based RFR Holdings is the new owner of the six-story building.

NEW YORK CITY-A 147-unit portfolio sale marks the third largest deal Uptown this month. The new owner of the eight-building package, Baruch Singer, will self-manage the properties.

NEW YORK CITY-Despite slight increases in asking rents and vacancy rates for Manhattan in July, the latest Grubb & Ellis analysis shows an increasingly sluggish recovery for the NYC office market, as the firm pushes its predictions for a recovery into 2003 and beyond.

NEW YORK CITY-In his eponymous Q2 report, Donald Trump attributes the 11% sale price increase this year to a diverse investor pool and a 32-year mortgage rate low prompting buyers to place their assets in the condo market. The average price per sf for one- to three-bedroom luxury apartments in Manhattan hit $942, up 3% from Q1.

NEW YORK CITY-The latest in a spate of Harlem developments is the purchase of several largely vacant buildings near the Harlem Center. The buyer is in talks with multiple "large-box retailers" and "household name developers" about build-to-suit projects on the site.

NEW YORK CITY-The New York Economic Development Corp. selects Yuco Real Estate Co. Inc. to develop a $5.5 million affordable housing and residential building, located on Fifth Avenue between 115th and 116th streets. The 18-month project is expected to generate 60 jobs for the area.

NEW YORK CITY-Benjamin P. Harris is promoted to director in the investment firm's acquisitions department, which expects volume records for 2002. He tells GlobeSt.com that a dip in the economy prompts a move towards liquidity by below-investment grade companies, making for an active sale/leaseback environment.