$4.9 Million HRT Deal to Secure Land for Light Rail
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By Tom Holden, The Virginian-Pilot, Norfolk, Va.  Feb. 23--Hampton Roads Transit agreed Thursday to spend $4.9 million on a contract with the Norfolk Redevelopment and Housing Authority to acquire property for the planned light rail project.
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The Metropolitan Transportation Authority is proposing a tax increase to raise $900 million a year to help pay for a five-year rebuilding program.
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Manor Care, the nursing home operator and long-term health care provider, said that it had agreed to be acquired by the Carlyle Group for $4.9 billion.
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THE REGION One Congress St., a nine-story parking garage with two floors of office space on top and shops below, was sold for $243 million to Raymond Property Co. and the annuity plan National Electrical Benefit Fund. They bought the property from RAK Group of New York and Stockbridge Real Estate Funds Inc., according to the real estate firm Cushman ...
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Toyota has been outbid by a land developer for state-owned property in York Township, but officials say this is one deal that will be decided by more than money.
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An arm of the private investment company for the Roy E. Disney family said on Thursday it would buy the Guam Telephone Authority for &#36;140 million in cash and a &#36;10 million promissory note payable in eight years.
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The Los Angeles Department of Water and Power (LADWP) Board of Water and Power Commissioners has approved an agreement to provide up to $10 million in energy efficiency and water conservation measures to support permanent affordable housing development projects in the City of Los Angeles.
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A railroad deal will soon link the ex-Soviet outpost to European markets.
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D.C. leaders said yesterday they have reached a final agreement to spend $79 million on a plan to save financially troubled Greater Southeast Community Hospital after lawyers for the city worked out eleventh-hour assurances that its investment would be protected.
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The offer to invest up to $3.4 billion hinges on Delphi reaching a new labor agreement with its unions, led by the United Auto Workers, by Jan. 31.
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City officials finalized a $1.82 billion deal Wednesday allowing a private consortium to operate for the next 99 years the Chicago Skyway toll road - a shortcut between the city and northwest Indiana.
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By Ed Mendel, The San Diego Union-Tribune  Feb. 20--SACRAMENTO -- A surge of new highway money from a $19.9 billion  transportation bond has renewed political infighting over whether Caltrans  should use government or private engineers, bringing warnings of possible  project delays.
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Transportation secretary agrees to delay decision on $900 million in federal funding for Va. project.
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An investor group planning to redevelop the Capital City Market in Northeast Washington announced yesterday that a New York-based developer has become a partner in the project.
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District-based developer John E. "Chip" Akridge III has closed on a deal to buy 15 acres of air rights above the railroad tracks at Union Station with plans to build a $1 billion mixed-use project. Plenty of capital is scouting for properties to buy in the District. Eyebrows are being raised... ÃÂ·...
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The union representing nearly 4,000  workers at 14 upscale Washington, D.C., hotels has reached a  tentative agreement with the hotels on a new three-year labor  contract, both sides said on Friday.
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Unionized workers have reached an agreement with a group representing 14 luxury hotels to end an eight-week lockout, allowing about 4,000 maids, bellhops