NEW YORK CITY-Midtown's office occupancy costs dropped 2.7% in the past year, says CB Richard Ellis; 2009 will see further declines here and globally.

NEW YORK CITY-Midtown's office occupancy costs dropped 2.7% in the past year, says CB Richard Ellis; 2009 will see further declines here and globally.

JAMAICA, NY-Groundbreaking takes place on a project to create retail space across from the AirTrain station as redevelopment of downtown Jamaica continues.

JAMAICA, NY-Groundbreaking takes place on a project to create retail space across from the AirTrain station as redevelopment of downtown Jamaica continues.

ALBANY-The comptroller says the city and state could lose $6.5 billion in tax revenue over two years as the securities industry reels.

ALBANY-The comptroller says the city and state could lose $6.5 billion in tax revenue over two years as the securities industry reels.

NEW YORK CITY-The mid-sized law firm had sought new space for two years, but is arranging a deal at Times Square Tower in less than a month.

NEW YORK CITY-The mid-sized law firm had sought new space for two years, but is arranging a deal at Times Square Tower in less than a month.