Property Markets 

• Vornado Wins Bid To Build Skyscraper August 25, 2010 10:10 PM

  New York City Council has voted overwhelming to approve Vornado Realty Trust’s proposal to build a 1,216-foot skyscraper opposite Penn Station, two blocks from the Empire State Building.

• European Rents Flatline August 24, 2010 08:58 PM

  European rents remain flat or are falling in all but a handful of super-prime markets, according to a report by Invista Real Estate.

• Pershing, Winthrop Aim For Sept. Auction August 24, 2010 02:25 PM

  Winthrop Realty Trust and Pershing Square Capital Management have tentatively rescheduled the foreclosure auction for Stuyvesant Town and Peter Cooper Village for Sept. 8, with further extensions possible, according to a letter addressed to the New York Supreme Court by the joint venture’s legal counsel.

• Low Rents Drive Retailers Into Vacant Big Boxes August 23, 2010 04:29 PM

  Strong retailers are quickly leasing up Class A big box space left vacant by the demise of the likes of Circuit City and Linens ‘n Things.

• Divco Buys In Sacramento, Boston August 20, 2010 05:46 PM

  DivcoWest is buying office properties on both coasts, its first acquisitions in nearly two years.