After leasing most of Farinon II to Ernst & Young, Worth & Associates has begun construction of Farinon Business Park III, the third of three buildings in Worth's master-planned business community.

MGM announced the planned closing of its purchase in connection with its appointment of Uri Clinton as president and chief operating officer of Empire City Casino upon the Las Vegas-based gaming company's closing on the property and completion of licensing requirements that are expected in January.

The purchase of 1025 Vermont Ave., NW, is the second joint venture for the two companies.

Each of the portfolio's properties are well-located and poised to capitalize on the positive rent environment, thanks to their location within a metropolitan area exhibiting strong fundamentals.