BROOKLYN, NY-The nation's first community development corporation selects an architect to renovate Restoration Plaza, a hub in the Bedford Stuyvesant section of the borough.

NEW YORK CITY-Swig Burris Equities picks up another Downtown asset as the firm spends $164.5 million for 110 William St. Trizec Properties was the previous owner of the 868,000-sf asset.

UNIONDALE, NY-Looking to increase flexibility and grow its portfolio, the recently public REIT closes a $50-million credit facility. The fast-growing Arbor has originated more than $770 million in loans since its inception in July 2003.

BROOKLYN, NY-A mixed-income affordable housing complex will rise here thanks in part to a $35.2 million financing package. The site will be called State Renaissance Court.

NEW YORK CITY-New development sites in Brooklyn could add as much as 4.5 million sf of class A office space. The residential market is leading the way with "substantial interest" in sites, particularly those in the Liberty Street area.

NEW YORK CITY-Just days after a jury said the destruction of the World Trade Center constituted two occurrences for insurance purposes, master leaseholder Larry Silverstein says Liberty Bonds will play an important role in the rebuilding process.

NEW YORK CITY-Governor George Pataki signs a law authorizing the expansion of the Jacob K. Javits Convention Center here. The effort, which is expected to get under way in the spring, will increase its exhibit space from 760,000 sf to 1.1 million sf.

NEW YORK CITY-WTC Leaseholder Larry Silverstein calls the decision a "win for all New Yorkers" and says it will "help make Lower Manhattan whole again."