BALTIMORE-The City Council's Taxation Committee approved the controversial $107 million in tax incremental financing for the Harbor Point project on Wednesday.

MCLEAN, VA-Locally-based Hilton Worldwide has selected four banks to help it manage a public offering that will allow Blackstone Group to take advantage of a resurgent real estate market and keen investor interest in IPOs.

PHILADELPHIA-The Center City of Philadelphia has a total of approximately 1,000 apartments that will be come on-line in a few months.

ENGLEWOOD CLIFFS, NJ-While no official action was taken at the Bergen County Freeholders meeting this week, many members said they favor construction of the controversial LG Electronics North American headquarters building atop the Palisades.

O'HARA, PA-Locally-based Echo Realty, LP has sold a one-third stake in the company to H&R Real Estate Investment Trust of Toronto for approximately $294 million.

RALEIGH, NC-Blaming lower reimbursements as the root cause, WakeMed Health & Hospitals report that it will close two skilled nursing facilities--Fuquay-Varina Outpatient & Skilled Nursing Facility and the Zebulon/Wendell Outpatient & Skilled Nursing Facility--over the next two months.

ATLANTA-The Novare Group, Batson-Cook Development Co., and Ackerman & Co. are partnering on a plan to build a new 26-story apartment tower near the Buckhead MARTA station.

DETROIT-Detroit's Emergency Manager Kevyn Orr ,as part of a plan to restructure the bankrupt city's debt, wants holders of more than $5 billion in sewer and water bonds to tear them up to be replaced with bonds with different terms that could save the city millions.