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WASHINGTON, DC—A report by the DowntownDC Business Improvement District details just how strong the downtown district's economy was in 2013, but also pointed out some prevailing trends that could spell trouble for the district in the years ahead.
ALEXANDRIA, VA—The Blackstone Group, which is looking to redevelop 13 acres of its 20-ace Oakville Triangle industrial park, has retained StonebridgeCarras of Bethesda to head the redevelopment initiative.
WINDSOR, CT—SS&C Technologies Holdings, Inc. a global provider of financial services software and software-enabled services, has announced the establishment of its real estate investment trust (REIT) servicing group. The solutions and services team provides multiple services to the REIT market.
ATLANTA—DTZ reports it has hired Christopher D. White as executive vice president, managing director of Atlanta operations for the global services firm. White will lead the locally-based team and will focus on tenant representation and occupier services, company officials state.
TRENTON, NJ—Assembly Tourism and Gaming Committee chairman Ralph Caputo says Caesars Entertainment added "insult to injury" by bidding to build a casino in New York State.
KING OF PRUSSIA, PA—Candlebrook Properties' CEO Neil Rubler says the property ownership will spend $50 million to renovate the former Marquis apartment complex here.
TUXEDO, NY—The Genting Group, the operator of the Resorts World Casino New York City at Aqueduct Racetrack in Queens, announced on Monday that it plans to vie for one of four casino gaming licenses to be handed out later this year in upstate New York.
NEW YORK CITY—Carlton Group Chairman Howard L. Michaels reports the firm has appointed veteran real estate investment and asset management specialists Navish Chawla and Kevin Swill to lead the firm's accredited investor crowdfunding and equity syndication businesses.
WASHINGTON, DC—A foundation launched by billionaire Michael Milken is reportedly in talks to acquire the former headquarters of Riggs Bank located near the White House.