The U.S. Republic Core Fund, an affiliate of USAA Real Estate Co., along with RXR Realty and Broadway Partners, announced the recapitalization of 340 Madison Ave.

Economy Watch reporter Dees Stribling offers insights on CPE Radio into the top economic news for the week ending July 29, 2011.

At a reception hosted by CoreNet and Silverstein, preeminent developers, tenants and property managers of the WTC site discussed future plans, current signings and past successes on the leasing and development sides.

Goldman and Citigroup announced earlier this week the cancellation of the transaction involving nearly $1.5 billion in commercial mortgage pass-through certificates.

Cushman & Wakefield, currently investigating growth opportunities, is taking advantage on the capital markets’ warmer perception of certain real estate companies.

As of Friday morning, the House hadn’t voted on the Republican plan to raise the debt ceiling. Foreclosures in most major metro areas dropped during the first half of 2011 and, according to the NAR, pending home sales increased in June.

Great America Place has come under new ownership now that DJM Capital Partners has sold the Silicon Valley property to Newcastle Partners in a $45.8 million transaction.

Taylor & Mathis of Florida L.L.C. has picked up a management-leasing contract from IndCor Properties Inc. for 1.2 million square feet in the Tampa area.

Will the Republican rank-and-file get in line or continue to defy the Speaker? The Beige Book characterized the U.S. economy as middling at best. And the Federal Housing Finance Agency filed suit against banking giant UBS for allegedly peddling bad mortgages.

The busy transactions in the Manhattan commercial market continue as JLL signs 110,000 square feet on Third Avenue for Cerberus Capital Management.