NEW YORK CITY-The sector didn’t reach $1 trillion only because it sold properties and generated returns for investors, Martin Cohen said in a REITWorld panel.

NEW YORK CITY-The deal puts Citi Property Investors operations back under the control of Joseph Azrack, CPI’s CEO from 2004 to 2008.

NEW YORK CITY-Brack Capital says all funds are in place to complete its $50-million Midtown lodging project within two years.

RIVERHEAD, NY-Town supervisor Sean Walter cited the much-delayed, 755-acre project’s uncertain financing and inability to close the deal.

NEW YORK CITY-Schiff Hardin takes two full floors in a relocation to Kushner Cos.’ 666 Fifth Ave., highlighting this week’s wrap-up of deals.

NEW YORK CITY-Moody’s says loan defaults and losses will start tapering off as markets bottom out and values begin rising again.

NEW YORK CITY-The deal is reportedly the largest in the commercial arena to date for the Bank of China’s New York branch.

NEW YORK CITY-Midtown Manhattan misses inclusion in the top 20 worldwide for occupancy costs, CBRE says in its semiannual survey.