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NEW YORK CITY-Janette Sadik-Kahn, commissioner of the New York City Department of Transportation, and city planning czar Amanda Burden are reportedly discussing establishing their own urban planning policy institute after the administration leaves office.
DETROIT-The city, which earlier this month filed for Chapter 9 bankruptcy protection, is attempting to restructure $18 billion in debt and long-term obligations. Its fiscal mess, along with the city's pension system that is underfunded by as much as $3.5 billion, has been due in part to past questionable real estate investments.
WASHINGTON, DC-International communications and information technology firm Harris Corp. is consolidating District area operations into the 2235 Monroe St. building in the DC suburb of Herndon, VA.
SALISBURY, MD-Marshall Hotels & Resorts, Inc. reports it has secured three new hotel management contracts for properties in New Jersey, Florida and Pennsylvania.
ORLANDO-New York City-based investment banking firm Rockwood Real Estate Advisors reports it represented the seller in the sale of the Holiday Inn Orlando-University of Central Florida.
MIAMI-The U.S. Securities and Exchange Commission filed securities fraud charges against the city of Miami and former budget director Michael Boudreaux on Friday.
CHARLOTTE, NC-Extended Stay Americas Inc. filed plans today for a public offering of stock and has retained Deutsche Bank, Goldman Sachs Group Inc. and J.P. Morgan Chase & Co. to work on the offering.
COATESVILLE, PA-State and local officials are hoping that a multi-million dollar upgrade of the underutilized Amtrak station here will spark new development around the station and invigorate the redevelopment of the blighted downtown district.