News
$442M Horseshoe Casino Baltimore Finally Open, Brings 1,700 Jobs
Baltimore is finally on the list of U.S. casino cities. Last week, on August 26, the Horseshoe Casino Baltimore officially opened on the city’s south side. More than 15,000 guests attended the grand opening ceremony. Maryland Governor Martin O’Malley and Mayor Stephanie Rawlings-Blake were among the celebrities present at the event.
MCR Development Completes Renovation of the Hampton Inn Baltimore Downtown Convention Center
MCR Development LLC is celebrating again the successful renovation of a hotel in Baltimore. A few weeks ago, the hotel owner and operator said it finished work on the 131-room Residence Inn Baltimore White Marsh. Now, New York-based MCR Development announced it has successfully completed a full renovation of the Hampton Inn Baltimore Downtown Convention Center.
Economy Watch: Slower Jobs and the Underemployed
Despite the relatively low number of jobs created in August, some sectors continued to add jobs. The number of persons marginally attached to the labor force also decreased that month.
Frauenshuh Buys Valley Creek Office Park in Golden Valley; CBRE Sells Williston Business Center in Minnetonka for $18M
CBRE recently announced the sale of Valley Creek Office Park, a three-building complex in Golden Valley, Minn.
Corporate Office Properties Trust Announces Full-Building Lease in Sentry Gateway Office Park
COPT, the Corporate Office Properties Trust announced the execution of a full-building lease with the U.S. Government. The building is currently under construction in the COPT’s Sentry Gateway office park in San Antonio and will encompass approximately 160,500 square feet.
Developer Ed Bushor Acquires Long-Stalled Kauai Lagoons Project for $60M
The unfinished Kauai Lagoons oceanfront resort project on Hawaii’s Garden Isle could soon have a new owner.
175 KSF FedEx Distribution Center Coming to Covington
Federal Express is set to develop a 175,000-square-foot distribution center in St. Tammany Parish, creating 800 new jobs
Kennedy Wilson Acquires Turnwater M-F Asset for $21M
Kennedy Wilson is continuing its aggressive expansion policy in the Pacific Northwest with yet another multifamily purchase. The company invested roughly $21 million in the acquisition of the 100 percent stake in a South Seattle asset. The company is the new owner of the Tabula Rasa property in Turnwater, Thurston County, which it acquired from a financial institution that had been the lender on the property.
American Greetings Breaks Ground on New World HQ in Westlake
American Greetings broke ground on August 26 on its new headquarters building at the Crocker Park development in the Cleveland suburb of Westlake. Expected to cost between $150 million and $200 million, the project is scheduled to be completed in two years.
Turner Construction Renovates DC-Area Schools
Turner Construction Company is doing its part to help with the development of our nation’s youth. The international construction services company has been working hard these past few months to renovate several schools in the Washington, D.C. area. It managed to complete the projects just in time for the new school year.