NEW YORK CITY-Investment bank Merrill Lynch may move its Downtown headquarters to Vornado's 2.5-million-sf office tower, which will replace Hotel Pennsylvania.

NEW YORK CITY-Investment bank Merrill Lynch may move its Downtown headquarters to Vornado's 2.5-million-sf office tower, which will replace Hotel Pennsylvania.

NEW YORK CITY-Global research firm Schlesinger Associates completes a lease expansion and renewal for 21,006 sf at 500 Fifth Ave., a 59-story Midtown tower.

NEW YORK CITY-The Municipal Art Society reveals poll results showing that commuters and transit riders want a voice in Moynihan Station's development.

NEW YORK CITY-Dow Jones Indexes and Wilshire Associates add healthcare REITs to the index; they will become effective in September.

NEW YORK CITY-The Federal Reserve acts to ease the flow credit and calm market fears with the central bank injecting more money into the market, but is it enough?

NEW YORK CITY-The Federal Reserve acts to ease the flow of credit and calm market fears with the central bank injecting more money into the market, but is it enough?

NEW YORK CITY-GlobeSt.com learns that local investors purchased two contiguous pre-war apartment buildings on West 55th St. for $50 million.