MEMPHIS-The city of Memphis has gotten into the sports business. The City Council approved a plan on Tuesday to acquire the AutoZone Park baseball stadium from Fundamental Advisors for $19.5 million.

MIAMI-In a departure from its previous plans of developing a lavish destination resort, Malaysia-based Genting Resorts World has proposed building a scaled-down slots-only resort at the property once owned by the Miami Herald.

SLEEPY HOLLOW, NY-Village officials report that General Motors has signed a contract with a joint venture of Diversified Realty Advisors of Summit, NJ and the Irvine, CA-based developer SunCal to redevelop the former assembly plant on the Hudson River shoreline here.

WEST CHESTER, PA-An economist with locally-based Moody's Analytics says that Pennsylvania and New Jersey economies and others in the Northeast will see improvement in 2014, but all will lag behind most other markets across the country.

LIVINGSTON, NJ-Brokerage firm Gebroe-Hammer Associates reports it completed 27 multifamily property closings this past October and November. The transactions totaled $135.95 million in transactions and 1,515 residential units.

TRENTON, NJ-Edison Broadcasting subsidiary Welcome Hotel Group has completed the acquisition of the bankrupt Lafayette Yard Hotel & Conference Center in Trenton, N.J. from Lafayette Yards Community Development Corporation.

LARGO, MD-Dimensions Healthcare System has asked state lawmakers for an additional $8 million more than what has been budgeted by the state of Maryland and Prince George's County for its new hospital project.

LANDOVER, MD-More than a decade after the adjoining Landover Mall closed its doors, Sears has announced it will shut down its store on Brightseat Road here in mid-March.