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Menick named new KLNB president
KLNB announced that Marc Menick will be the firm’s new president and chief operating officer starting in June. Menick will succeed Andrew J. Georgelakos, who announced his retirement earlier this year after serving 17 years as the firm’s managing partner. Menick will oversee all of the firm’s operations including leasing, investment sales and property management. […]
House business climate group makes its rounds
The House of Delegates work group formed this year to study Maryland's business climate has been meeting with businessmen around the state since the General Assembly concluded, the work group's co-chairman said Wednesday.
Penn National proposes $700M casino at Rosecroft
Penn National Gaming Inc. entered a bid Friday to build a $700 million casino at Rosecroft Raceway, setting up a battle with MGM Resorts International Inc., which hand-delivered its bid to state officials on Thursday.
National Harbor apartments underway
The Bozzuto Group, of Greenbelt, and the Peterson Cos., of Fairfax, Va., announced the start of construction of The Esplanade, National Harbor’s first rental apartment development.
On eve of election, Question 7 spending exceeds $85M
A day before Maryland voters will decide on expanded gambling -- oh, and the next president, a few seats in Congress and six other statewide ballot questions -- campaign spending by casino companies have not slowed their spending.
Gambling firms have spent $19.4M on referendum ads
Companies interested in the future of Maryland casino have combined to spend $19.4 million to influence the November voter referendum that will decide the industry’s fate, more than double the amount spent on the referendum that started the state’s casino program four years ago.
Peterson Cos. joins pro-casino funding fray
The Peterson Cos., master developer of National Harbor in Prince George's County where a casino may be built if voters approve of a sixth Maryland gambling site, has ponied up $400,000 to support a referendum campaign.
Busch meets with MGM and National Harbor developer
ANNAPOLIS — House Speaker Michael Busch says he met with an executive from MGM Hospitality and a National Harbor developer, but the speaker says not to read too much into the meeting, because state officials still have a lot to weigh before a casino could be allowed in Prince George’s County. Busch said in a […]
Prince George’s County gives preliminary approval for outlet center
OXON HILL — The Prince George’s County Planning Board has given preliminary approval to plans for a new outlet center near a historic site. The board’s unanimous decision Thursday followed six hours of testimony from more than three dozen people. The 460,000-square-foot development would be built near just outside the Capital Beltway, near the National […]
For National Harbor, 7 years of changes
OXON HILL — On the day the Peterson Cos. began building National Harbor, the real estate market was booming and the future seemed bright. In a ceremony featuring a who’s who of Maryland leaders, then-Prince George’s County Executive Jack Johnson predicted a “paradigm shift in how the business community will view us.” When the seven-year […]
National Harbor getting apartments
The Greenbelt-based Bozzuto Group is teaming up with fellow D.C.-area developer Peterson Cos. to bring a 350-unit apartment complex to National Harbor, the first planned rental property at the Prince George’s County mixed-use development. Stuart Prince, the residential development director for the Peterson Cos., said his company had achieved enough of a permanent community to […]
