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NEW YORK CITY—In a $734-million transaction that expands its Manhattan portfolio by 1.64 million square feet, Empire State Realty Trust Inc. reports it has completed the acquisition of the ground and operating leases at 112 West 34th St. and the ground lease at 1400 Broadway.
WASHINGTON, DC—A top official with the General Services Administration pledged before a House subcommittee on Tuesday that the agency will work to reduce its backlog of expired leases.
ARLINGTON, VA—A year after the Arlington Board approved its PenPlace site plan, Vornado Realty Trust has submitted its plan on the Pentagon City development's three open spaces and the initial reaction has been very positive.
SOUTH BLOOMING GROVE, NY—The Cordish Cos. and Penn National Gaming Inc. say they have signed agreements with the local unionized building trades and hotel workers for their proposed $750-million casino-resort to be built here.
CHARLESTON, SC—The turnaround of the former distressed Tides Condominiums is complete. After the ownership took over 50 foreclosed residences at the complex two years ago, it is now planning to build a fourth building at the property.
ATLANTA—Bethesda, MD-based RLJ Lodging Trust has purchased the 194-room Hyatt Atlanta Midtown here for $49.5 million, or approximately $255,000 per key.
ATLANTIC CITY, NJ—Donald Trump, the day Trump Plaza ownership issued layoff notices to 1,600 of its workers, says that he feels for the resort community he helped build.
ROCKVILLE, MD—Seeing data centers land across the border in Northern Virginia's Loudoun County, Montgomery County is hoping some grant funding can help level the playing field.