The WTC Captive Insurance Company on Thursday announced that a settlement has been reached with attorneys on behalf of more than 10,000 plaintiffs claiming injuries related to the rescue, recovery, and debris removal operations in the wake of the 9/11 terrorist attacks.

A $325 million loan balance on developer Larry Silverstein’s property, 575 Lexington Avenue in Manhattan, was transferred to special servicing earlier this week, which Fitch Ratings says is due to imminent default.

The nation’s most active export-focused ports are enjoying stabilizing industrial occupancy rates, according to a new white paper from Colliers International.

Jones Lang LaSalle’s Dave Hendrickson talks from the MBA-CREF conference about the commercial and multi-family acquisitions market.

The office vacancy rate is nearing its peak for this cycle, but the market will remain soft in 2010, according to Josh Scoville, director of strategic research for PPR, a CoStar Group company.

When will the distressed-asset market reach a point at which buying such properties will make sense? Respondents to CPE’s latest fast poll largely think the time is now or fast approaching.

Given the lackluster state of the gaming market, most developers with access to hundreds of millions aren’t making a beeline to build casinos, but there are always exceptions such as Penn National Gaming. The Wyomissing, Pa.-based gaming facility owner and operator just made a major move toward the realization of its $400 million Hollywood Casino in Columbus, Ohio, with the acquisition of a 123-acre brownfield site on the city’s west side.

Debt-laden General Growth Properties is in the midst of restructuring after having filed for Chapter 11 bankruptcy projection in April 2009, but the Chicago-based REIT is not allowing its current financial woes to sideline development plans.

Two different streams of funds will provide for reconstruction of San Francisco’s Transbay Terminal: $400M in stimulus cash and a $171M loan from the Transportation Infrastructure Finance and Innovation Act.

Cassidy Turley was launched by former member firms with Colliers International who chose to go a separate path once Colliers merged with FirstService.