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NEW YORK CITY-Real estate investment firm Naftali Group paid $37 million for a rental apartment building on West 25th Street in the Chelsea section of Manhattan, Crain's New York Business reports.
CHICAGO-Swayed by its location and Mayor Rahm Emanuel's push for public-private partnership projects, Clayco Inc. is moving its corporate headquarters from St. Louis to the Windy City.
PHILADELPHIA-Construction is scheduled to begin this fall on a new 27-story apartment building on land owned by the University City Science Center at 3601 Market St. in Philadelphia.
NORTH BERGEN, NJ-Palisades Medical Center has received approvals for a $20-million office building here. Hospital officials are hopeful construction can begin this spring on the project, according to a report in The Record.
NEWARK, NJ-With the House of Representatives passing the first $9.7 billion in Hurricane Sandy relief last week, the big question remains whether the remaining $51 billion in expected funding will be approved later this month, a Star Ledger report states.
ROSWELL, GA-General Motors Co. has acquired a United Parcel Service building here for $18.5 million, according to a report in the Atlanta Business Chronicle.
MIAMI-After having reversed six straight years of construction starts declines in 2012, the outlook for construction this year in Miami-Dade is cautiously optimistic, according to a report in The Miami Herald.