Office

NEW YORK CITY-Sources confirm reports that Merrill Lynch is inches away from a deal with Vornado to build new in Midtown. It's not a prospect that makes the Downtown Alliance smile.

NORWOOD, MA-The occupant, a high-tech training school, could remain at the property for another 35 years.

MINNEAPOLIS-The London-based firm is the new owner of the one-million-sf Fifth Street Towers here, and RiverPark in Norwalk, CT.

NEW BRUNSWICK, NJ-The 18-story building will house the Stem Cell Institute of New Jersey and other medical research operations.

CHICAGO-The historic Rookery building, at 209 S. LaSalle St., is being sold by Broadway Real Estate Partners LLC, which bought it last year for $56 million.

HONG KONG-The firm hires three executives for corporate, investment and project management divisions in a multi-pronged bid to become the country's market leader.

PHOENIX-Researchers say 3.2 million sf to 3.5 million sf of office space will deliver within six months. There is concern since Q3 reports put the highest absorption at 555,719 sf.

SOUTHLAKE, TX-Hines banks the largest undeveloped site in the city after nine months of talks with Newland Communities. A new name and new master plan are coming.