The entertainment firm has closed on a financing package for the 6.2 million-square-foot Revel Hotel and Casino in Atlantic City. Money issues brought most construction activity at the $2.4 billion beachfront entertainment resort to a halt in January 20009, leaving the project half finished.

Is the federal government going to shut down because of the fracas between zealous House members (including freshmen who weren’t around for the ‘95 shutdown), somewhat less zealous members of Congress, and the administration? The House passed by 235-189 a bill that cut more than $61 billion from fiscal 2011–the year under way–as part of a temporary funding measure.

The stores span 35 states, including Alaska and Hawaii, Washington, D.C., and Puerto Rico; Borders international franchised operations were not included in the bankruptcy filing. The spaces range in size from approximately 12,900 square feet to 42,700 square feet, with the average store size being 24,600 square feet.

Economy Watch reporter Dees Stribling offers insights into the top economic news of the week ending Feb. 18 and what to watch out for in the coming week.

The two joined forces to purchase the Orlando mall, which sits near the teeming tourist hub that includes Universal Studios, Sea World and Walt Disney World, and a mere $25 million was the sales price.

The company acquired the premier lodging facility and 30 remaining condominiums from a consortium of partners including associates of SR Hotel Development Co., the firm that developed the property at a cost of approximately $160 million.

Acquire an asset, hold it for a year or so and then sell at a sizable profit. Sounds like a 2007 transaction outcome, and apparently it is for Abacus Capital Group and QVT Mount Auburn Capital L.P. The multi-family investment advisor and the real estate private equity fund recently sold the Enclave at Adobe Creek apartment community in Petaluma, Calif., for $68 million after having bought the property for $52 million in October 2009.

The Mortgage Bankers Association reported that the mortgage delinquency rate for residential properties of as many as four units decreased to 8.2 percent as of the end of the fourth quarter of 2010. That’s a decrease of nearly a percentage point–91 basis points–from the third quarter of 2010, and a decrease of 125 basis points from the fourth quarter of 2009.

The Lusk Center’s Richard Green blogs about the Port of Los Angeles, remote officing and other impacts on Southern California’s industrial and office markets.

The agreement involves 34 of Benchmark’s seniors housing properties encompassing 3,007 units in New England.