ATLANTIC CITY, NJ—The Borgata Hotel Casino & Spa posted a $43.2-million operating profit during the second quarter of this year, far outpacing its rivals on the Boardwalk.

ALEXANDRIA, VA—One of the largest development projects in the city's pipeline is expected to shift into the formal approval process in short order. Abramsom Properties is proposing to build it's the Gateway mixed-use project at the former Jefferson Memorial Hospital site here.

LONDON—Arkkan Capital, launched by Jason Brown, will concentrate on distressed assets and companies.

Acquisition of ARC Healthcare Trust maintains REIT's status as largest MOB owner.