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ATLANTIC CITY, NJ—The closing this weekend of the Showboat and Revel casinos and the impending closing of Trump Plaza will result in the loss of nearly 6,000 jobs here and cause unprecedented short-term economic hardship.
MORRIS TOWNSHIP, NJ—Rockefeller Group Development Corp.'s mixed-use plan to redevelop the Honeywell campus secured a key approval late last week that will allow the developer to move forward with site plan approval.
VERNON, NJ—The Mountain Creek resort here is planning to develop a $150-million indoor water park hotel that would help transform the property into a four-season destination.
WASHINGTON, DC—Local non-profit Planned Parenthood of Metropolitan Washington D.C. has entered into a contract to sell its headquarters at 1108 16th St. NW and relocate to a building it has acquired near Union Market.
WASHINGTON, DC—The idea of building a new RFK Stadium in the District has drawn the interest of both the Olympic exploratory committee and Redskins owner Daniel Snyder.
NORTH HILLS, NY—The $112-million relocation of Dealertrack Technologies Inc.'s corporate headquarters from Lake Success, NY to here got a major boost late last week when Nassau County's Industrial Development Agency approved millions of dollars in tax incentives for the venture.
JACKSONVILLE, FL—SoTHERLY Hotels Inc. reports it plans to reflag its Crowne Plaza Riverfront Jacksonville hotel here as the DoubleTree by Hilton Jacksonville Riverfront.
WASHINGTON, DC—The World Bank, which owns some of the priciest real estate in the District, is reportedly stepping back from plans to move some operations to Northern Virginia.
WASHINGTON, DC—Fannie Mae announced on Thursday plans to sell its headquarters building at 3900 Wisconsin Ave. here and two other owned-properties in the district.
JERSEY CITY, NJ—A payment processing firm that is currently housed in short term space at 101 Hudson St. here will receive approximately $6 million in state tax credits over the next two decades to expand operations at the building rather than relocate to Atlanta.