RIVERHEAD, NY-The island’s industrial and office powerhouse had outbid two other developers in 2007 for 300 acres inside the Enterprise Park at Calverton.

NEW YORK CITY-The former Newsweek building at 1775 Broadway was threatened with foreclosure and possible demolition to make way for a residential tower.

NEW YORK CITY-The vice chairman with JLL’s New York capital markets group tells GlobeSt.com bidding wars don’t outweigh the yields real estate deals provide.

NEW YORK CITY-The Bloomberg administration says it’s on track to make full use of the city’s $122-million Recovery Zone bond allocation by year’s end.

NEW YORK CITY-The unpaid balance on year-to-date loan defaults through the third quarter already exceeds the 12-month total for 2009.

NEW YORK CITY-The move reported by Bloomberg would fit in with the private-equity giant’s efforts to diversify its portfolio beyond leveraged buyouts into asset management businesses.

NEW YORK CITY-The state inspector general says last year’s round of bidding for the Aqueduct racino contract was “a political free-for-all.”

BOSTON-Transaction volume is accelerating as lenders look to clean up their balance sheets for 2011, says CEO Kingsley Greenland.