NEW YORK CITY-Real estate finance and brokerage firm the Singer & Bassuk Organization reportedly has brokered a $450-million construction loan for World Wide Group's luxury condominium development at 250-252 East 57th St.

NEW YORK CITY-The city budget proposal authored by Mayor Bill de Blasio would cut the $1.1-million allocation earmarked for industrial business zones.

BOCA RATON, FL-The non-profit Boca Raton Hospital has purchased an office building formerly used as an imaging center on West Glades Road to expand its campus here.

MIAMI-A nearly 37,000-square-foot parcel of land near the Brickell Metromover station here has traded for $10.5 million.

SCHAUMBURG, IL-The joint venture of Franklin Partners LLC of Oak Brook, IL and Northbrook, IL-based Bixby Bridge Capital LLC has acquired the vacant 955 American Lane office building here for $3.8 million.

CHICAGO-Sears Holdings Corp. continues its store closing campaign. The latest store closing is its "Craftsman Experience" location in River North.

ORLANDO-The state of Florida will contribute $213.5 million toward the construction of an intermodal transportation facility at Orlando International Airport.

NASHVILLE-Bolstered by rising office and apartment rents in downtown Nashville, office and apartment property sales rose to new records in 2013.