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ATLANTIC CITY, NJ—The New Jersey Division of Gaming Enforcement issued a closing notice to Trump Plaza allowing the casino hotel to shut down operations at 6 a.m. on Sept. 16.
KING OF PRUSSIA, PA—A fund advised by CBRE Global Investors has acquired a single-tenant grocery asset in King of Prussia, near Philadelphia. Located at 1 Village Drive in King of Prussia, Penn., the trophy-quality grocery property has a 25-year ground lease with Wegmans for a 147,456 sq. ft. store. Constructed in 2012, the store is a prototypical design for the dominant grocer, which has 83 stores across the Northeast and is one of the largest private companies in the United States.
NEW YORK CITY—Well, KPMG doesn't exactly call them that, but findings from its 2014 Commercial Real Estate Outlook Survey point to decided strains of confidence and more willingness to assume risk.
WASHINGTON, DC—After recently completing the successful repositioning of the Wonder Bread Factory in Shaw, Douglas Development is planning to move forward with renovations at the historic Manhattan Laundry site here.
LOS ANGELES—Why is the management company a source of value, and how is that value best determined? Find out in this <b>exclusive</b> article from Duff & Phelps.
NEW YORK CITY—The developer claims the contractor had “multiple failures and missteps as the construction manager” following Skanska's work stoppage at the site last week.