NEW YORK CITY-Locally based real estate firm the Feil Organization and its partner Mall Properties acquire controlling interest in the nine-story vertical mall. Seller JEMB retains part ownership of the property.

DIAMOND BAR, CA-The loan funds the purchase of the property, which is a two-story, 50,351-sf building at 1470 S. Valley Vista Drive. The office building was constructed in 1988 and is part of Gateway Corporate Center.

NEW YORK CITY-In an exclusive interview, the owners of 1211 Ave. of the Americas claim they were never permitted "discussion" time before discovering their Class E pass-throughs were downgraded. They also protest that the downgrade happened despite the additional funds they shelled out for increased terrorism insurance.

PHOENIX-The Q3 promise from a near 225,000-sf net absorption is short-lived amid a prediction of a slight downturn in the fourth quarter. The positive showing, though, was the first good sign in 16 months.