NEW YORK CITY-The five-building acquisition includes 36 Grammercy Park East, a residential building that new owner Maurice Mann tells GlobeSt.com is "the last remaining rental property on all four sides of Grammercy Park.

CHICAGO-While it may be next year before the effects of a tax package are felt by commercial real estate, retail properties will likely be the first beneficiaries, opines LaSalle Investment Management international director for strategy and research Jacques Gordon. Warehouse space could be next, he adds.

LONDON-Warner Estate Holdings and Bank of Scotland have bought the Fishergate Shopping Centre in Preston, Lancashire from Burford for Pounds 47.5 million ($76 million). Warner will manage the centre, its sixth in the North West of England.

NEW BRUNSWICK, NJ-The owner of the 169-unit Riverside Towers will use the influx of cash to make some capital improvements at Riverside Tower Apartments, a 10-story, 169-unit rental building overlooking the Raritan River.