WASHINGTON, DC-Locally-based Douglas Development Corp. is prepared to break ground later this year on an office building in Penn Quarter on spec.

MOORESTOWN, PA-Home improvement manufacturer Masco Corp. reports it will shutter its plant on Glen Avenue here as well as a facility in Adamsville, TN.

RIDGEFIELD, NJ-The Borough Council voted on Tuesday to table a vote on converting open space here for senior public housing.

NEW YORK CITY-The deadline for offers for Carlyle Group L.P.'s 650 Madison Ave. building is today and reports are that some bids have already gone as high as $1.4 billion for the 27-story, 600,000-square-foot building.

NEW YORK CITY-Morgan Stanley is looking to raise anywhere from $1 billion to $3 billion for a new global real estate fund.

NEW YORK CITY-The State University of New York Board of Trustees unanimously approved a plan on Tuesday geared at shoring up the finances at SUNY Downstate Medical Center.

HOLLYWOOD, FL-After a number of failed attempts to bring development to the site, Hollywood City Commissioners are expected to vote on the Margaritaville Hollywood Beach Resort project this evening.

TALLAHASSEE, FL-Gov. Rick Scott has signed into law a bill that strengthens the requirements for businesses receiving state brownfield tax incentives.