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ARLINGTON, VA—AvalonBay Communities Inc. has sold the Arna Valley View Apartments here to the Arlington Partnership for Affordable Housing for $14 million.
RICHMOND, VA—A panel created a year ago to deal with possible military budget cuts and their impact on the Commonwealth of Virginia issued its report that included a host of actions it could take to offset what could be devastating job losses.
ATLANTIC CITY, NJ—The Seminole Indian Tribe of Florida, through its Hard Rock franchise, has filed paperwork with state casino regulators that indicate its interest in either acquiring or developing a casino here.
PHILADELPHIA-UIL Holdings Corp., a New Haven-CT based investor owned gas and electric utility holding company, has agreed to purchase Philadelphia Gas Works for $1.86 billion.
ST. AUGUSTINE, FL—A joint venture of Hunt Cos. of Dallas and Jacksonville, FL developer Tom Jones has acquired a 224-acre parcel of land zoned for residential and commercial development for $6.17 million.
SOUTH BRUNSWICK, NJ—Officials with startup Steel ORCA say the firm has plans to build a new $650-million digital utility center at the site of a former Pfizer lab complex on Ridge Road here.