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NEW YORK CITY-The Sahara Group, which only last November acquired a majority stake in the Plaza Hotel, is now trying to sell the iconic New York City hotel property, along with the Dream Downtown Hotel and the Grosvenor House in London.
WASHINGTON-In a soon to be released expressions of intent to be issued by the General Services Administration as part of its search for a new FBI headquarters, new criteria will eliminate a number of locations from the competition
MEMPHIS-United Parcel Service Inc. is seeking tax incentives in connection with its planned $80.3-million expansion at Memphis International Airport here.
CHICAGO-If half of Safeway's 66 Dominick's supermarkets here fail to attract buyers by the Dec. 28th deadline, the Chicago retail market could see about two million square feet of vacant retail space come to market.
PHILADELPHIA-SMG, the soon-to-be facilities manager for the Philadelphia Convention Center, has selected Lorenz Hassenstein as operations chief of the facility.
MOORESTOWN, NJ-Defense contractor Lockheed Martin, citing a slowdown in government contracts, announced it will be laying off 240 workers at its facility here.
NEW YORK CITY-A partnership of Grid Properties and the Gotham Organization will pay $30.5 million to acquire a 550,000-square-foot parcel in the Pelham Gardens section of the Bronx from the Metropolitan Transportation Authority.