NEW YORK CITY—RCS Capital's decision to terminate a $700-million agreement to acquire Cole Capital Partners has “absolutely no basis,” ARCP said Monday.

NEW YORK CITY—The first of what will be several waves of Condé Nast employees reported for work at the 104-story office tower Monday morning; a more formal ceremony will take place in the near future.

PHOENIX—Locally based Berkadia marketed the multi-state apartment portfolio on behalf of a court appointed receiver; the firm's George Deuillet tells GlobeSt.com exclusively that it drew about 85 qualified offers.

WASHINGTON, DC—Current market conditions are favorable, but senior industry executives worry about “the lack of clear direction in many federal policies,” says the Real Estate Roundtable's Jeffrey D. DeBoer.

NEW YORK CITY—“We expect this market strength to carry into the remainder of the year,” says Shimon Shkury of Ariel Property Advisors.

CHICAGO—As the economic recovery began to take hold, “fundamental shifts in retail shopping patterns and manufacturing strategies” began manifesting in the industrial landscape, says Cushman's John Morris.

NEW YORK CITY—Questions of tax incentives, construction costs and the availability of parcels all contributed to the bank's decision to maintain its current headquarters rather than move to the Far West Side, published reports say.

NEW YORK CITY—Although the discovery that an accounting error was concealed was not “the ideal situation,” ARCP's CEO said Wednesday afternoon that “it is not the parade of horribles that the market may view this as today.”