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WASHINGTON, DC—Trammel Crow has apparently deferred to the wishes of the DC Zoning Commission and has agreed to cut a floor off of its proposed medical office building at the McMillan site here.
STAMFORD, CT—Clal Insurance has acquired 75 Tresser (Blvd.), a luxury 344-unit rental apartment mid-rise building in downtown Stamford for $121 million.
MIAMI—A half-acre parcel of land, adjacent to the $1.05-billion Brickell CityCentre mixed-use development project, has been put on the market for sale with an asking price of $35 million.
PHILADELPHIA—The developer of the W and Element Hotels tower here are scheduled to present their designs to the Center City Residents Association this week. The plans call for the hotels to have a combined 755 rooms.
ATLANTIC CITY, NJ—The Borgata Hotel Casino & Spa posted a $43.2-million operating profit during the second quarter of this year, far outpacing its rivals on the Boardwalk.
HARRISON, NJ—Starwood Hotels & Resorts Worldwide, Inc. announced on Friday the opening of Element Harrison - Newark, the brand's second hotel in the state of New Jersey, joining its Ewing-Princeton property.
ALEXANDRIA, VA—One of the largest development projects in the city's pipeline is expected to shift into the formal approval process in short order. Abramsom Properties is proposing to build it's the Gateway mixed-use project at the former Jefferson Memorial Hospital site here.