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PHILADELPHIA-Pennsylvania Lt. Governor Jim Cawley announced on Monday that Urban Outfitters, Inc. will undertake major expansions at the Philadelphia Navy Yard and in Gap, Lancaster County, creating at least 2,500 new jobs once the expansions are complete.
ELIZABETH, NJ-A recently released Request for Proposals issued by the Union County Improvement Authority could have the county selling its Runnels Specialized Hospital here by as early as next July.
NEW YORK CITY-Vornado Realty Trust of Paramus, NJ reports it has completed the acquisition of a majority interest (92.5%) of 655 Fifth Ave. for $278 million.
NEW YORK CITY-Battery Park City is borrowing about $1 billion to lower borrowing costs. The initiative will be undertaken in part to refinance auction-rate debt the agency has on its books.
PLANT CITY, FL-Walton International Group has spent more than $18 million to acquire 1,000 acres in order to develop a mixed-use residential and retail development there.
ELDERSBURG, MD-Driven by the approvals granted late on Wednesday by the Carroll County Planning Commission, the developer of the $50-million Eldersburg Commons retail center says that construction will begin immediately on the project.
WHITE OAK, MD-The ambitious White Oak Science Gateway Master Plan has been sent back to the county Planning Board by the County Council because it feels the proposed road and transportation infrastructure are inadequate to handle the traffic the development would generate.