GARDEN CITY, NY-Discussions are being held with potential new tenants for the 106,000-sf department store, which had been a community mainstay for more than 30 years. The new owner plans to redevelop the site as well.

NEW YORK CITY-Locally based REIT Cohen & Steers Dividend Majors Fund anticipates a $236million return, but that total could as much as $271 million.

NEW YORK CITY-Locally based REIT Cohen & Steers Dividend Majors Fund anticipates a $236million return, but that total could as much as $271 million.

NEW YORK CITY-While Midtown has the most expensive office location in the US, it's "a bargain" compared to the rest of the world, according to one survey. London remains in first place.

NEW YORK CITY-The famed hotel will undergo a renovation effort estimated to cost more than $100 million. It will close its doors at the end of April.

RESTON, VA-Longtime Grubb & Ellis broker Jonathan Hipp forms his own company, Calkain Realty Advisors. Based here, he anticipates the firm will expand nationally within a year or so.

RESTON, VA-Longtime Grubb & Ellis broker Jonathan Hipp forms his own company, Calkain Realty Advisors. Based here, he anticipates the firm will expand nationally within a year or so.

BROOKLYN, NY-The expansion effort will add 280 guest rooms and retail space. A pedestrian bridge will link the current hotel and the expansion.