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WASHINGTON, DC—An affiliate of Peebles Corp. has agreed to pay $28 million for District-owned land in the Mount Vernon Triangle here in connection with its mixed-use development project it hopes to build there.
NORTHVALE, NJ—Saying its manufacturing plant here is outdated, officials with Gnutti Carlo USA are closing its factory here and relocating 86 jobs to Jacksonville, AL.
BEACON, NY—New York State's Empire State Development Corp. reports it has issued a Request for Proposals for the purchase or long-term lease and redevelopment of the 39-acre former Beacon Correctional Facility here.
SAVANNAH, GA—Commercial Development Co. Inc. of St. Louis has acquired a 58-acre environmentally distressed waterfront industrial site in Savannah, Georgia from Atlantic Wood Industries.
ELLENWOOD, GA—A partnership affiliated with Montreal-based Rosdev Group and Tampa, FL-based Blue Rock Partners, LLC reports it has closed on the $9.8-million purchase of Oak at Ellenwood apartments in this Atlanta suburb in an all cash deal.
ATLANTIC CITY, NJ—Trump Entertainment CEO Robert Griffin has offered an olive branch to union workers in an attempt to secure needed concessions to save the Trump Taj Mahal from an expected closure next month.