NEW YORK CITY-The 30-year CRE veteran, who joined Lightstone as CIO earlier this year, will work with outgoing president Peyton Owen Jr. to ensure a smooth transition.

NEW YORK CITY-The asset manager will pay about $250 million for a 49% stake in the equity of 8 Spruce St., in a deal valuing the rental tower at $1 billion, the <br>Wall Street Journal</i> reported Wednesday.

NEW YORK CITY-The latest expansion, coupled with an extension of its existing lease, brings the retailer's office footprint at 1440 Broadway to nearly 200,000 square feet.

NEW YORK CITY-Having capitalized on distressed buying opportunities when he formed his own firm in 2010, the former Clarett Partners senior managing director says he now sees more multifamily sellers by choice.

NEW YORK CITY-When combined with the Inditex condo that is not part of the Vornado acquisition, the retail space at 666 Fifth is valued at more than $1 billion.

ALBANY-Design proposals for the replacement Tappan Zee span connecting New York City's northern suburbs show cost estimates ranging from $3.1 billion to $4.1 billion—either figure well below earlier projections.

NEW YORK CITY-The joint venture with Mexican developer GFa Grupo Inmobiliario intends to develop as much as 18 million square feet in a nation Thor's Joseph Sitt calls "the new Brazil.

GREAT RIVER, NY-The four-building, 388,500-square-foot Sunrise Business Center here is 98% leased on a long-term basis, says CBRE's New York Institutional Group.