ATLANTIC CITY, NJ—In the ongoing shakeout of casino properties here comes word from Bob McDevitt, president of Unite Here Local 54 that The Showboat Atlantic City Hotel and Casino will announce today that it will be closing soon.

PHILADELPHIA— Pennsylvania Real Estate Investment Trust reports that tenant Health Partners Plans Inc. will expand its operations at the 907 Market St. building above The Gallery.

ATLANTIC CITY, NJ—As expected, Caesars Entertainment announced today that its The Showboat Atlantic City Hotel and Casino will close effective Aug. 31.

BALTIMORE—Locally-based Seawall Development Co. is looking to acquire the Walmart-anchored 25th St. Station project in the Remington neighborhood although the firm leaves the door open as to whether Walmart will be part of the project once it breaks ground.

WASHINGTON, DC—TIAA-CREF broke its own record last week when it purchased The Woodley apartment development here for a reported price of $195 million.

WHITE PLAINS, NY—The Westchester County Industrial Development Agency granted preliminary approval for mortgage and sales tax exemptions for a new hotel in Yonkers, a mixed-use development in Dobbs Ferry and a renovation of a White Plains office building.

DORAL, FL—DBH Properties, Ltd. has commenced construction on its Gateway Center Doral mixed-use development here.

FOREST PARK, GA—Dallas-based Sealy & Co. reports it has completed the acquisition of an industrial park totaling about 242,000 square feet here. The purchase was made through its joint venture with global real estate investment management firm, AEW Capital Management.