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NEW YORK CITY-Durst Fetner's proposed apartment building on West 57th St. is being held up in the approval process over how many affordable units the 750-unit project will have.
NEW YORK CITY-The number of apartment sales in Manhattan in 2012 was the highest in the past five years, despite a steep decline in for-sale inventory.
JACKSONVILLE, FL-Regency Centers Corp. reports that it posted a net loss of $37.1 million in the fourth quarter and a net loss of $6.7 million for the full year 2012.
MIAMI-The Securities and Exchange Commission filed charges against five former real estate executives in connection with an alleged Ponzi scheme that allegedly duped investors out of $300 million.
CHICAGO-Chicago Transit Authority president Forrest Claypool believes that the use of a public-private partnership could be the key to finally completing the $1.5-billion Red Line extension project.
PHILADELPHIA-Joseph Proccacci, one of the bidders for the second casino license in Philadelphia, has a new investor, Walter P. Lomax, chairman of Lomax Cos.