MINNEAPOLIS-The first phase of a planned quarter billion dollar streamlining of Best Buy Corp. has begun with 400 jobs being cut at its corporate headquarters here.

GREENBELT, MD-Prince George's County officials are hoping that being granted Transit Oriented Development status could give a site adjacent to the Greenbelt Metro station a leg up on its competition to land the FBI headquarters project.

PHILADELPHIA-Pennsylvania Real Estate Investment Trust (PREIT) reports that despite lower funds from operations in the fourth quarter, the company is stronger now than it was a year ago.

TRENTON, NJ-The New Jersey Legislature by approving changes recommended by Gov. Chris Christie has all but cleared the way for online casino gaming in the state.

MORRIS PLAINS, NJ-The multi-year question of whether Honeywell would move its global headquarters out of New Jersey has been answered as the firm has signed a deal to purchase a nearly 500,000-square-foot office complex here.

NEW YORK CITY-Fairway Market has inked a 20-year lease for 26,000 square feet of space at 766 Sixth Ave.

NEW YORK CITY-Dune Capital Management and Greenfield Partners, the majority owners of the Standard Hotel in SoHo, are reportedly exploring either a partial or total sale of their shares in the property.

NEW YORK CITY-While it is certainly not the ARC project, Related Cos. and Amtrak have agreed to build the first link of what they hope will eventually be a rail tunnel linking New Jersey and Manhattan.