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HOFFMAN ESTATES, IL-Sears Holdings Corp. reports that it plans to convert some of its closed retail stores into data centers. Most of the data centers will be located in shuttered Kmart locations.
NEW CARROLTON, MD-Prince George's County is considering an incentive package that could exceed $20 million to support Berman Enterprises' development plan that includes a new headquarters for the Maryland Department of Housing and Community Development here.
JERSEY CITY, NJ-Panelists at the Northeast Industrial Real Estate Summit held here on Wednesday disagreed on the impact the raising of the Bayonne Bridge and the widening of the Panama Canal to handle larger cargo ships will have on the region.
GREENWICH, CT-Locally based retail REIT Urstadt Biddle Properties Inc. reports it has acquired two shopping centers on the highly sought after Putnam Avenue here for $18 million.
STAMFORD, CT-General Electric is said to be evaluating potential successors to GE Capital Chairman and CEO Michael A. Neal, who reportedly is expected to step down as early as this summer.
NEW YORK CITY-Morgans Hotel Group's Board of Directors has voted to terminate its poison-pill plan early and institute a new policy that requires shareholder approval of any future rights plan.
NEW YORK CITY-Two Westchester County hospitals, Sound Shore Medical Center in New Rochelle and Mount Vernon Hospital, filed for bankruptcy on Wednesday as part of a plan to be acquired by Montefiore Medical Center.
WEST PALM BEACH, FL-The terms of the deal between Palm Beach County and the Related Co.'s and the Related Group's to build a large convention hotel here have changed and could affect the financing of the venture.
HOLLYWOOD, FL-The Hollywood City Commission gave the approval on Wednesday to allow a developer to take over a beachfront parcel and build the Margaritaville Hollywood Beach Resort.