NEW YORK CITY—The REIT has purchased a 1.3 million-square-foot portfolio of fitness centers around the nation.

ALBANY—Gov. Andrew Cuomo says the controversial 421-a tax break likely will be extended temporarily, despite intense lobbying by NYC Mayor Bill de Blasio to create a new version of the program that would force developers who receive the incentive to build affordable housing.

MIAMI—“Well-funded developers are focusing on acquiring only the most strategic pieces of land.”

MIAMI— There's a tit for tag growing between the Village of Key Biscayne's mayor and the Miami International Boat Show's director. Who's right?