HERNDON, VA-The 228,400-sf Monument IV, the third of four class A office structures in the Monument at Worldgate Centre development, has been sold in a deal worth a reported $49 million. The nine-story building is completely leased to Fannie Mae until 2011.

Office or Industrial Multifamily or Retail Hotel APTC Tax Report

DETROIT-Land owned by a Hawaii-based charitable trust is put up for sale,and Lt. Governor Dick Posthumus thinks the state should buy it to keep the 390,000 acres out of the hands of potential developers.

NEW YORK CITY-Led by more than $40 million in grants and tax breaks to assist Bank of New York in its move to 316,000-sf at a proposed Brooklyn office building, the Industrial Development Agency's recent funding initiatives also support several industrial and non-profit expansion projects.