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CoStar's People of Note (Nov. 15-21)
This week's People of Note includes the following markets: Hartford, Los Angeles, New York City and Westchester/South Connecticut. LOS ANGELES Lee Opens Long Beach Branch; Names Gill Pres. Lee & Associates officially opened its office in Long Beach...

Dover Relocating NYC HQ to Chicago Suburbs
Dover Corp. signed a deal that will move is global headquarters from New York City to the Chicago suburbs. The manufacturing firm leased 67,962 square feet at 3005 Highland in Downers Grove. Dover will also consolidate four of its regional headquarters...

Office Delinquencies Latest Driver of CMBS Troubles
Job losses and subsequent office loan defaults, coupled with continued hotel underperformance, resulted in another monthly increase in U.S. CMBS delinquencies. And new matured balloons and past due loans secured by interests in non-traditional assets...

Starwood Property Trust Begins Investing $900 Million Slowly, Selectively
In its first quarterly report as public entity, Starwood Property Trust posted a net loss of $1.9 million. The results were affected by the recognition of $800,000 of non-cash, stock-based compensation in the period. "We are generally pleased with...

Bank Watch: U.S. Steps Up Efforts To Seize Iran-Controlled Bank Melli's U.S. Properties
The United States Attorney for the Southern District of New York is looking to take over control of the 36-story, 336,000-square-foot 650 Fifth Ave. high-rise in Midtown Manhattan, as well as other properties across the country, together totaling hundreds...

Lease Up/Lease Down (Nov. 15-21): Bioscience, Cleantech Sectors Spur Job Growth
News of corporate expansions, relocations, extensions, closures, layoffs, lease cancellations and mergers has been consolidated into Lease Up/Lease Down. Look to Lease Up/Lease Down every week for valuable information that can be used as a source...

Ovation Signs 26,000-SF Renewal in Manhattan
Ovation Travel Group Inc. signed a 26,000-square-foot renewal at 71 Fifth Ave. in New York City. The travel management company will occupy the 10th and 11th floors for a 10-year term. The 11-story, 132,121-square-foot office building was built in 1903...

In The Pipeline: CoStar Development and Construction News for Nov. 15-21
In this week's issue, TMG Partners and The Related Cos. have been tapped as master developers for a $1 billion 77-acre mixed-use project in the S.F. Bay Area; Seavest Inc. and its JV partner are developing two medical office buildings on the new campus...

Former BoA Exec Joins RBC Capital Markets
Dan Teper was named managing director of RBC Capital Markets’ U.S. Real Estate Investment Banking Group. He will help to expand the company’s banking business while based in New York. Teper’s background includes 15 years in the investment banking industry...

Vornado Completes Revamp of Manhattan Mall
Vornado Realty Trust has completed its massive renovation and repositioning project involving the Manhattan Mall in New York City. The property is located in Herald Square and encompasses the full Avenue of the Americas block front extending from 32nd...