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ATLANTIC CITY, NJ—On Friday Moody's Investors Service downgraded Atlantic City's general obligation debt to a Caa1 rating, which indicates that there is a “high risk of default” over the next five years.
BOSTON—Bringing a combined more than 35 years of real estate experience, Mitchell Jacoby and Leeanne Rizzo have joined the Boston office of Newmark Grubb Knight Frank as senior managing directors.
NEW YORK CITY—Following the recent appointment of John Santora to CEO for North America, Cushman & Wakefield has appointed three of its executives to its Global Occupier Services leadership team.
MIAMI—Luxury housing developer ALTA Developers recently completed a brand new home in partnership with Habitat for Humanity of Greater Miami for a low-income family in Liberty City.
TAMPA, FL—Philadelphia-based Arden Group has acquired the InterContinental Hotel Tampa Westshore here and plans to undertake a $7-million renovation at the property.
BALTIMORE—The city's Urban Design and Architectural Review Panel approved the design of the Point Street Apartments project in Harbor Point on Thursday.
BOSTON—The Peebles Corp. reports it has been selected to develop Turnpike Air Rights Parcel 13, where it plans to build a mixed-use development called “The Viola Back Bay.”
MIAMI—The Commercial Real Estate Women recently handed out its top awards, including the $57-million sale of the 1400 and 1444 Biscayne Blvd. property in Miami.