SADDLE BROOK, NJ-The long vacant former Holiday Inn off Route 80 here has been acquired by a start-up-hotel investment firm based in Orlando, FL that plans to reopen the property as a Crowne Plaza Hotel.

TENAFLY, NJ-The Tenafly Borough Council will vote next month on a plan to deed a property to the Bergen County United Way to help facilitate the construction of special needs housing at the Tenafly Road site.

NEW YORK CITY-A controversial proposal to demolish the popular graffiti mural 5Pointz in Long Island City and replace it with two high-rise apartment towers won the approval of Queens Borough President Helen Marshall on Wednesday.

NEW YORK CITY-New York City developer Ziel Feldman is in contract to acquire four Manhattan rental buildings, including the Astor on West 75th Street, for more than $600 million

PALM BEACH GARDENS, FL-Florida Power & Light Co. secured zoning approvals earlier this week from the Palm Beach Gardens City Council that will allow the utility to proceed with an office campus.

ATLANTA-The large office lease signed last month by fashion retailer Spanx for its corporate headquarters is just another sign that the Buckhead market is on the mend. However, to get the deal done, the developer had to go back to the drawing board and redesign the building.

CHICAGO-City Alderman Tom Tunney is saying he will not support the $500-million redevelopment of the Chicago Cubs' Wrigley Field until changes are made to a hotel that is part of the project.

WASHINGTON, DC-A bill that passed the House Appropriations Committee on Wednesday would cause the federal government to default on its leases, warns General Services Administration Administrator Dan Tangherlini.