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In spite of all the tenants who are hungry for space, the high rents, the need for expansion, increased tourism and healthy consumer spending, there is virtually no speculative new construction in New York and no real signs of a downturn in the major commercial property sectors.

It may not have been nominated for a Grammy Award this year, but the harmony in providing structural solutions for The Lyric created an outstanding performance by the project's development team.

Robert A.M. Stern will live in the 34-story Chatham condominium on 65th Street, at Third Avenue, when it is completed in about a year.

Although the Chatham, a condominium tower taking shape on East 65th Street at the corner of Third Avenue, is not to be completed until the summer of 2000, contracts have been signed or are pending on 82 of its 92 apartments since sales began 10 weeks ago.

A block of Broadway in the 50's that has frustrated developers for more than 30 years with failed plans for an office building, a Planet Hollywood restaurant and a luxury hotel would become a 45-story rental apartment tower under a plan by Related Companies.