NEW YORK CITY- McKinsey & Co. and affiliate MIO Partners have signed lease deals totaling more than 86,000 square feet at 711 Third Ave. and 245 Park Ave. respectively.

NEW YORK CITY-In a complicated deal that involves the lease of a portion of an existing building and the purchase of its air rights, a joint venture will now be able to build a 21-story luxury residential condominium tower on East 86th St.

CHICAGO-Officials with Sears Holdings announced on Tuesday that it will close its flagship store at 2 N. State St. in the Loop in April.

CINNAMINSON, NJ-The owner of the recently completed Camelot at Cinnaminson Harbour luxury multifamily project here has secured $40 million in permanent financing.

JERSEY CITY, NJ-Newark and Jersey City ranked among the top 20 in a list of the least affordable cities for apartment renters.

NUTLEY, NJ-Planners released three redevelopment scenarios that could produce anywhere from 13,000 to 18,000 jobs at the Roche property located in Nutley and Clifton.

ANNAPOLIS, MD-Locally-based Chesapeake Lodging Trust released its 2014 outlook and says that it expects market conditions to improve this year due to lower than normal hotel development, combined with an improving economy and increased lodging demand.

VIENNA, VA-National title insurance and settlement firm Kensington Vanguard National Land Services has entered the market here with the acquisition of two Northern Virginia-based firms New Era Title and Clear to Close Settlement Services.