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NEWARK, NJ—Last week the Newark City Council decided to postpone a key vote on a bill critical to the completion of the controversial Triangle Park project here.
BRENTWOOD, MD—Prince George's County has selected the Landex Companies as the developer of the $36-million redevelopment of the “Plumber's Building” here.
WASHINGTON, DC—The JBG Cos. of Chevy Chase, MD has acquired the majority interest in a Half Street parcel located across from Nationals Park from DC developer Akridge and plans to develop a mixed-use project at the site.
NEW YORK CITY—State officials have selected Simone Development Cos. for a $400-million mixed-use project to be built on 33 acres of the Bronx Psychiatric Center in the Morris Park section of the borough.
BOSTON—Carpenter & Company, Inc. has lined up construction and equity financing for its 61-story Four Seasons Hotel & Private Residences One Dalton Street, being built in Boston's Back Bay neighborhood.
BETHESDA, MD—In a fourth quarter 2014 earnings conference call on Thursday, Marriott International CEO Arne Sorenson touted his company's investment in lifestyle brand properties as one of the keys to its growth last year.
BALTIMORE—Despite some labor strife, the port of Baltimore set a number of records in 2014, including handling overall cargo of 9.7 million tons, which edged the 9.6 million tons handled there in both 2013 and 2012.
CAMDEN, NJ—U.S. Bankruptcy Judge Gloria M. Burns ruled on Thursday afternoon in favor of the Revel Casino Hotel's petition to terminate the sale of the resort to Florida developer Glenn Straub for $95.4 million.
NEW YORK CITY—Locally-headquartered Gramercy Property Trust Inc. has acquired one office building in Charlotte, NC, and a total of four industrial properties in Milford, CT and Milwaukee, WI for approximately $44.4 million.
ATLANTA—Silver Bay Realty Trust Corp. has entered into a definitive agreement to acquire a portfolio of about 2,460 homes primarily located here and in the cities of Charlotte, NC and Tampa and Orlando, FL for approximately $263 million in cash.