PHILADELPHIA-Locally-based Canus Corp., which recently secured approvals to build the Soko Lofts apartment complex on North Second Street here, is now looking to sell the shovel-ready project.

ATLANTIC CITY, NJ-The continued losses sustained at Atlantic City casinos caused Moody's Investors Service to downgrade the city's credit rating to Baa2 and assign it a negative outlook.

NEW YORK CITY-Sahara India Pariwar is denying reports that it is planning to sell The Plaza Hotel and Dream Downtown hotel properties in New York City and the Grosvenor House in London.

NEW YORK CITY-Brooklyn-based investment firm Rainbow Estates Group has reportedly acquired a portfolio of Upper Manhattan multifamily properties from Baruch Singer for approximately $340 million.

ATLANTA-Crescent Communities has begun construction on its Crescent Howell Mill development here.

MIAMI-Developer Jeff Berkowitz is poised to unveil his ambitious SkyRise Miami tower project here.

CHICAGO-The developers of the $260-million New City development near Lincoln Park has secured a $182-million construction loan, due in large part to its lease deal with Dick's Sporting Goods.

NEW YORK CITY-A number of city agencies and private developers behind an $80-million affordable housing project in the Soundview section of the Bronx are scheduled to break ground on the venture today.