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ATLANTIC CITY, NJ—A bankruptcy court judge on Monday approved the sale of the shuttered Revel Casino Hotel here to Glenn Straub. However, a representative of the Florida developer says the price tag is too high.
HOBOKEN, NJ—The former chairman and CEO of the parent of the Pathmark supermarket chain Leonard Lieberman passed away at the age of 85 at his home here
BOSTON—Locally-based REIT STAG Industrial Inc., reports that after closing two acquisition deals in December, it has four industrial buildings under contract for a purchase price of $65.3 million.
WINSTON-SALEM, NC—Carter Validus Mission Critical REIT II, Inc. of Tampa, FL, has acquired the Winston-Salem North Carolina Integrated Medical Facility property here for approximately $6.25 million.
GREENSBORO, NC—Hospitality Ventures Management Group reports it has completed the acquisition of the 299-room Greensboro-High Point Airport Marriott. The Atlanta-based company will manage the hotel, increasing its managed portfolio to 38 hotels and 7,194 rooms in 15 states nationwide.
NEW YORK CITY—Iconic piano manufacturer and retailer Steinway & Sons is relocating its corporate headquarters to more than 40,000 square feet of space at 1133 Ave. of the Americas.
ARLINGTON, VA—KBS REIT III has closed on the purchase of the CNA Corp. headquarters building in the Clarendon section of the city for almost $147 million.
WASHINGTON, DC—Former DC Councilwoman Muriel Bowser was inaugurated as the seventh mayor of the District on Friday under Home Rule and said that her administration will look “to reinvent our government,” and unveil “bold and pragmatic plans.”
TRENTON, NJ—While the company has declined comment on reports that it is considering a move to Georgia, the state of New Jersey is reportedly offering Mercedes-Benz USA substantial incentives to remain in the Garden State.