NEW YORK CITY-Plans for the so-called "Convention Corridor" on the West Side are inching along. The proposals call for the expansion of the existing Javits Convention Center and the addition of an adjoining stadium that will house the New York Jets.

NEW YORK CITY-WP Carey spends close to $38 million to acquire two million sf of manufacturing space. The venture marks the locally based firm's first Canadian acquisition.

NEW YORK CITY-For the third time this year, the Fed raises its key interest rate by a quarter percentage point. Industry execs say this is no surprise and expect only a modest impact on a growing real estate market.

NEW YORK CITY-Saxon Capital prices the initial public offering of common stock for Saxon REIT at $22.75 per share. The Glen Allen, VA-based residential lender hopes to raise $386.8 million. This comes on the heels of a number of IPO filings involving real estate industry companies.

BROOKLYN, NY-A 12-story mixed-used condominium tower will be the first new building constructed in 100 years at the base of the Manhattan Bridge. This will add commercial space as well as 52 residential units to this trendy area in the borough.

BOSTON-Locally based First Union uses proceed from the June sale of Park Plaza to pick up a 2.5-million-sf portfolio of triple-net leased properties for $91 million.

MELVILLE, NY-Newmark beefs ups its industrial practice by bringing on four industry veterans who will be based here. The additions also mark an expansion of the firm's practice in this New York City suburb.

NEW YORK CITY-The city gives financial assistance to a variety of businesses and not for profits to allow them to expand and create jobs. The incentives are anticipated to spur as much as $60 million in private investment.