NEW YORK CITY-Verizon is planning to shift approximately 1,100 workers from downtown Manhattan to Brooklyn by the end of this summer due to continued fears of floods in lower Manhattan.

NEW YORK CITY-In an annual letter to investors, Vornado Realty Trust Chairman Steven Roth says the firm, which owns in excess of 100 million square feet of real estate in the Unite States, will sell more properties than it acquires this year.

NEW YORK CITY-The New York City multifamily market saw continued light sales volume in February, brought about in large part by the exceptionally strong sales volume posted in the closing months of 2012.

ATLANTA-Cassidy Turley economist Kevin Thorpe believes that Atlanta has little exposure to the ill effects of sequestration and therefore should see stronger office and industrial leasing activity this year.

FORT LAUDERDALE-Three Fort Lauderdale hotel properties facing foreclosure have been sold to Swedish investor Par Sanda for nearly $5 million.

Cousins Properties Inc. reports it has raised $165.1 million in a stock offering, a significant portion of which will be used to close on the acquisition of 816 Congress St. in Austin, TX.

CHICAGO-The Chicago Cubs and city leaders reached an agreement on a framework of a deal to spend $500 million to renovate Wrigley Field. The plan also calls for the development of a hotel and an office building adjacent to the storied ballpark.

WASHINGTON, DC-Maryland's two U.S. Senators and the state's entire delegation in the House of Representatives have come out in favor of Prince George's County's bid for the next home of the FBI.