Construction has begun on a $10 million horse racetrack in Ashland, Kentucky, which will become the state’s only venue dedicated to quarter horse racing. The new Sandy Ridge racetrack is being built on 182 acres behind Sandy’s Gaming, a $75 million entertainment...
Two Native American tribes in Alabama are facing off in an appeals court in a dispute over one tribe’s construction of a casino on land that the other tribe claimed as sacred. The Associated Press reported the dispute involves Hickory Ground, land that was home to the...
Nashville’s Vanderbilt University has signed a 99-year lease on a 2.2-acre campus property in the Chelsea section of Manhattan. The campus, which takes up nearly a full city block and encompasses 13 buildings spanning approximately 150,000 square feet, is owned by The...
First National Realty Partners (FNRP), a Red Bank, New Jersey-headquartered private equity commercial real estate firm, has hired Stuart Brackenridge as vice president of acquisitions. In his new job, Brackenridge will be responsible for sourcing, evaluating and...
Alexander & Baldwin Inc. (NYSE: ALEX), the only publicly traded real estate investment trust to focus exclusively on Hawaii’s commercial real estate sector, has completed an off-market acquisition of an industrial property in Pearl City, Oahu for $29.7 million....
The last full-size Kmart operating in the US is scheduled to cease operations on Oct. 20. The New York Post reported the 90,000-square-foot store in the Long Island hamlet of Bridgehampton, New York, opened in 1996 and was part of a chain that encompassed more than...
