NEW YORK CITY-Stephen Ross of Related Cos. pays $1.1 billion for 50% of the Miami Dolphins franchise, which includes the stadium and certain adjacent real estate.

NEW YORK CITY-Stephen Ross of Related Cos. pays $1.1 billion for 50% of the Miami Dolphins franchise, which includes the stadium and certain adjacent real estate.

NEW YORK CITY-The firm will exit its $35 million investment, leaving Sunrise and an affiliate of Herbert Sims & Co. Inc. to jointly own and operate the two properties.

Local rents in Midtown remain lower than those of the major global competitors.

NEW YORK CITY-With the lack of available financing and the specter of recession in the US, Ernst & Young says difficulties will be both here and abroad.

NEW YORK CITY-With the lack of available financing and the specter of recession in the US, Ernst & Young says difficulties will be both here and abroad.

NEW YORK CITY-According to experts, distressed investors can be selective in today's market as there are many opportunities. 'They want easy deals.'

NEW YORK CITY-Industry sources speculate that the 14,810-sf site at 411-421 W. 35th St., with 89,500 buildable sf, could fetch around $30 million.