Growth in the market will be much slower than the last upswing; most companies are going to remain cautious, even with a great deal of supply and if oil gets to $80/barrel, says McGee in this <b>EXCLUSIVE</b>.

The latest to do so was W. P. Carey, which blew past consensus estimates of its fourth-quarter performance with Friday's earnings report.

Maefield Development and Fortress Investment Group are buying out the Witkoff Group and Winthrop Realty Trust in the hotel project at 20 Times Square, currently under construction.

The real estate company is constructing a seven-story office building at 330 E. 62nd St.