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ATLANTIC CITY, NJ—A federal judge on Friday gave the ownership of the struggling Revel casino here the approval to seek financing to allow the resort to remain open while it attempts to find a buyer.
NEW YORK CITY—Jack Shulman has been named acquisitions associate with locally-based The Kalikow Group. Shulman will now be charged with underwriting prospective investments and sourcing new projects in Manhattan, Brooklyn and Queens.
WASHINGTON, DC—The District has released request for expressions of interest for the redevelopment of air rights over a parking structure at Second and H streets NW and two adjoining parcels.
WASHINGTON, DC—EastBanc Inc. is in the process of acquiring a wedge-shaped gas station property in Georgetown and likely convert it into a “signature” residential development.
NEW HAVEN, CT—The New Haven Register, which at one time occupied nearly 200,000 square feet of combined office and industrial space at its 40 Sargent Drive headquarters, is relocating its staff to 18,000 square feet of space at the 100 Gando Drive building here.
PHILADELPHIA—Locally-based Pennsylvania Real Estate Investment Trust reports today that it has closed on the previously announced $23.6-milion sale of the South Mall in Allentown, PA. The company also reveals it has entered agreements to sell the Nittany Mall in State College, PA and the North Hanover Mall in Hanover, PA.
NEWARK, NJ—At a commercial real estate conference here, the former president of the New York City Economic Development Corp., Seth Pinsky. took a swipe at the Garden State's aggressive tax incentive program.
FORT LAUDERDALE, FL—Highlighting more than 47,000 square feet of new leases, expirations and renewals at the Commercial Place I and II complex here, Progressive Casualty Insurance has signed a renewal and expansion lease totaling nearly 27,000 square feet at the property.
ATLANTA—Multi Housing Advisors' office here has arranged the separate sales of the 294-unit Laurel Ridge apartment community in Athens, GA and the 132-unit Savannah Oaks development in North Augusta, SC.