Kearny Real Estate on Thursday announced completion of the $92 million sale of Kearny South Bay Business Park, the site of the former U.S. headquarters for Nissan North America. The deal was completed in partnership with Morgan Stanley Real Estate Investing.

The Port Authority Board of Commissioners has awarded the largest contract to date — $542 million – to Skanska USA Civil Northeast, Granite Construction Northeast, and Skanska USA Building.

Despite the fact that the gaming industry in Las Vegas is struggling, Icahn Enterprises L.P.’s acquisition of the Fontainebleau casino and resort project is still quite a deal.

Planet Hollywood Resort & Casino has come under new ownership now that a subsidiary of Harrah’s Entertainment Inc. has taken over the reins. PHW Las Vegas L.L.C. received approval from the Nevada Gaming Commission to officially own and manage the prominently located Las Vegas Strip property, taking it–and its remaining debt of $554 million–off the hands of previous owners BH/RE L.L.C.

Chevy Chase, Md.-based JBG Companies has been chosen to spearhead a new $200 million facility for the National Cancer Institute.

Jones Lang LaSalle has been named the exclusive leasing agent for Liberty Wharf, a $43 million, 74,000 square foot mixed-use development on the South Boston Waterfront.

The city of Ontario, Calif., has begun preservation work on nine buildings totaling approximately 175,000 square feet, the first phase of work in the construction of the Historic Guasti District.

Debt-laden General Growth Properties is in the midst of restructuring after having filed for Chapter 11 bankruptcy projection in April 2009, but the Chicago-based REIT is not allowing its current financial woes to sideline development plans.

Voters in the San Francisco Bay Area city of Alameda have soundly voted down Measure B, which would have provided for development on Alameda Point, a former Naval air station.

California Gov. Arnold Schwarzenegger signed green legislation over the weekend, as covered by CPE on Monday, but also nestled in the raft of bills that he signed were major overhauls of the rules governing residential mortgages. The thrust of the reforms was to help prevent some of the mortgage origination abuses that were rampant in the mid-2000s, and which did their part to inflate the housing bubble.