JAMAICA, NY-Hersha buys the hotel from a JV controlled by Hersha's private arm, and a third party. Sellers took $10.2 million units in Hersha Trust priced at $9 per share.

BROOKLYN, NY-Develop Don't Destroy Brooklyn asks the Public Authorities Control Board for a new approval decision based on the $4-billion project's increased price tag.

BROOKLYN, NY-Develop Don't Destroy Brooklyn asks the Public Authorities Control Board for a new approval decision based on the $4-billion project's increased price tag.

NEW YORK CITY-While office leasing activity has slowed, the percentage of leasing transactions with starting rents of $100 or more has increased in the past six months, says a report.

NEW YORK CITY-The NYC Educational Construction Fund closes on the first phase of an agreement with the World Wide Group to construct two new schools at 250 E. 57th St.

NEW YORK CITY-The NYC Educational Construction Fund and World-Wide Group reach an agreement to rebuild the existing Public School 59 and the High School for Art and Design here.

NEW YORK CITY-With rumors that the Freedom Tower is up for grabs, an industry expert says the Port Authority simply wants to 'share the pain of the construction and leasing risk.

NEW YORK CITY-The Acting DOB Commissioner tells attendees at this year's BuildingsNY trade show that new proposals on high-risk safety will be revealed in two weeks.