Mid-Atlantic
Massachusetts Ballot Initiative Opens Door to $800M MGM Resort in Springfield
Two days after voters gave a thumbs down to a ballot measure repealing the 2011 law that allows gaming resorts in the state, the Massachusetts Gaming Commission approved a license to MGM Resorts International to operate MGM Springfield, an $800 million resort casino.
TA Associates Buys 272 KSF Office Tower in Iselin, NJ
TA Associates Realty has acquired 99 Wood Ave. S., a 272,000-square-foot trophy office building in Iselin, N.J.’s resurgent Metropark office market.
Madison Realty Provides $66M in Financing for 3 M-U Properties in Queens
Madison Realty Capital has closed on $66 million in bridge financing for three adjacent properties in Flushing, N.Y., owned by the same borrower, who plans to lease up and stabilize the properties following the refinancing.
ULI Special Report: Insights from NY’s Century-Long Efforts to Become a Global City
A panel of three leading experts offered insights on how the city managed to overcome challenges and create its impressive infrastructure of buildings, bridges, highways, subways, parks and airports at the 2014 Urban Land Institute Fall Meeting that was held in Manhattan in October.
The Rockefeller Group to Acquire Majority Interest in TA Realty
The Rockefeller Group is expanding its global investment management platform with the acquisition of the majority stake in Boston-based TA Realty L.L.C.
ULI Special Report: Strong Rental M-F Market Driven by Record Student Debt, Cautious Millennials
“Do we have a boom or do we have a bust in the multi-family industry?” John Healy, co-founder & principal of Hyde Street Holdings, asked that question as he opened the “Rental Multifamily Housing: New American Dream or Classic Bubble?” panel at the Urban Land Institute’s Fall Meeting, held in Manhattan last week.
ULI Special Report: Water, Water—Nowhere?
Whether in the dry Southwest or hurricane-prone coastal areas along the Atlantic Seaboard, developers need to incorporate water strategies into their plans. That message flowed through loud and clear during a panel titled “Water: Too Much, Too Little” at the Urban Land Institute’s Fall Meeting in New York City in late October.
AREP-Investcorp JV Purchases Metro DC Office Complex
A joint venture of American Real Estate Partners and Investcorp has acquired Canal Center, a four-building, 540,000-square-foot Class A office complex on the Potomac River in Alexandria, Va.
Thor Equities JV Buys Manhattan’s 530 Fifth Ave.
Thor Equities continues building up its presence on Manhattan’s famed Fifth Avenue, closing on the purchase of 530 Fifth Ave., a 26-story office and retail building, for $595 million.
Forest City Selling 55% Stake in Barclay’s Center
Forest City Enterprises appears ready to sell its majority stake in the Barclays Center arena, the crown jewel in its $4.9 billion Atlantic Yards project in downtown Brooklyn.