NEW YORK CITY-The global alternative asset manager will pay $620 million in cash. Blackstone Holdings units will pay up to $310 million over the next five years.

NEW YORK CITY-The 722,000-sf building is projected for completion in the Q1 '09. The new building is expected to command $110 to $130 per sf.

NEW YORK CITY-SL Green is repositioning the 99% occupied property and hopes to fetch $350 million, sources involved in marketing the property confirm.

NEW YORK CITY-SL Green is repositioning the 99% occupied property and hopes to fetch $350 million, sources involved in marketing the property confirm.

NEW YORK CITY-The agency will shift its local operating units to 636 Eleventh Ave. in 2009. It will occupy 554,800 sf at the Hakimian Organization property.

NEW YORK CITY-The agency will shift its local operating units to 636 Eleventh Ave. in 2009. It will occupy 554,800 sf at the Hakimian Organization property.

NEW YORK CITY-The buyer, Night Sky Holdings, plans to upgrade the apartments and hold the asset long term. The seller is FGF Enterprises Corp.

NEW YORK CITY-As available office space nears a seven-year low with only 22 million sf available here, rents reach record highs up 28% from 2006.