NEW YORK CITY-An Americas regional report from Cushman & Wakefield charts widely varying effects of the downturn on 18 major US metro areas.

NEW YORK CITY-The agency notes that fourth-quarter default rates reached the highest levels seen to date in both principal balance and number of loans.

NEW YORK CITY-The Moody's/REAL Commercial Property Prices Indices were off in February after increasing between November 2009 and January, but the agency calls this 'unsurprising.'

NEW YORK CITY-The Moody's/REAL Commercial Property Prices Indices were off in February after increasing between November 2009 and January, but the agency calls this 'unsurprising.'

NEW YORK CITY-The Japanese clothier's second Manhattan location, at 666 Fifth Ave., is believed to set a record for retail rents at $300 million.

NEW YORK CITY-The Japanese clothier's second Manhattan location, at 666 Fifth Ave., is believed to set a record for retail rents at $300 million.

ALBANY-The suit filed here by four trade associations comes as the impasse over the state budget continues; a NYSDOT spokeswoman declines to comment.

NEW YORK CITY-The lagging recovery of property-level fundamentals will remain a concern throughout 2010, Fitch says, although REITs' equity positions are stronger this year.