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TRENTON, NJ—A State Business Tax Climate Index, which ranks the Garden state last among the 50 states, has business and political leaders demanding reform.
WASHINGTON, DC—The DC Public Library, which originally estimated it would only need about 200,000 square feet of space at the Martin Luther King Jr. Library for library services, has sharpened its pencils and decided it needs considerably more space at the 440,000-square-foot building.
RYE, NY—Westchester County Executive Robert Astorino officiated over the ceremonial reopening of the storied Ice Casino at Playland, which was closed after suffering extensive damage from Hurricane Sandy two years ago.
PONTE VEDRA BEACH, FL—Locally-based multifamily real estate investment firm Cocke Finkelstein Inc. has acquired the Remington at Ponte Vedra Lakes, a 344-unit, garden-style apartment community, here for $35.35 million.
WILTON MANORS, FL—Recently formed Ascend Properties broke ground earlier this week on its second residential project—the Metropolitan—a 179-unit rental apartment development here.
NEW YORK CITY—The Real Estate Board of New York reports that the overall average asking rent for retail ground floor space throughout Manhattan is now $149-per-square foot, up from $130-per-square-foot recorded in the fall of 2013.
CHEVY CHASE, MD—New York City-based Clarion Partners spent a considerable amount of cash, but very little time on the renovation of its Embassy Suites Chevy Chase hotel.
BOSTON—Marcus Partners reports the final closing of its second investment fund—Marcus Capital Partners Fund II—with $250 million in capital commitments.