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ATLANTIC CITY, NJ—Trump Entertainment Resorts filed court papers in Wilmington, DE on Friday stating that it intends to close the Trump Taj Mahal casino here next month.
BALTIMORE—Zahler Development has secured preliminary approval from the city to increase the number of residential units in its proposed Calvary Street Loft project.
ARLINGTON, VA—A technology hub launched earlier this year by Disruption Corp. CEO Paul Singh is projected to double in size at the beginning of next year.
NEW YORK CITY—As the market for newly securitized loans tilts toward interest-only deals, Fitch Ratings points out that IO loans from the CMBS 1.0 years have shown higher default rates.
CALABASAS, CA—Large providers tend to favor newer product, often with flexible designs and features that promote efficiency, Marcus & Millichap says.
MIAMI—“Our target remains the international buyer pool, with Latin Americans topping the list,” Harvey Hernandez, chairman and managing director for Newgard, tells GlobeSt.com.
PHOENIX—Companies formed by Westport, CT-based Greenfield Partners paid $41 million to purchase 575,430 square feet of office and industrial buildings in Phoenix and Tempe. In five separate sales, the seller was RREEF America REIT II Portfolio L.P., which is managed by Deutsche Asset & Wealth Management in Chicago.
PHOENIX—ABI Multifamily has brokered the bulk condominium sale of Scottsdale Haciendas, a condo conversion community that is located in Scottsdale. The purchase consisted of 79 garden-style condominium and townhome units (out of an original 180 units total on the property) and transferred HOA control to the buyer.