CanCan Development LLC will build CanCan Casino Resort and French Village, a $450 million mixed-use center in the City of Dâ€™Iberville, Miss. The project will include a 60,000-square-foot casino, 90,000 square feet of retail and restaurants, 550 hotel rooms and a freestanding wedding chapel. The development is expected to create 2,000 jobs and generate more than $260 million in gross revenue annually.
â€śWe expect this project to serve as a catalyst for the revitalization of the Dâ€™Iberville-Biloxi area and the entire Gulf Coast region,â€ť said George Toth, president and CEO of CanCan Development. â€śThe mix of unique entertainment, hospitality and cultural offerings will draw tourists from across the country and the world, adding to the cityâ€™s tax base and providing significant indirect revenues to businesses in the region.â€ť
CanCan plans to break ground for the project in early 2011, with a construction period of approximately 16 months.
Cushman & Wakefield Names New Board Chairman
Cushman & Wakefield named Carlo Santâ€™Albano chairman of the board. The appointment will become effective following the next company board meeting in early March. Over the past five years, Santâ€™Albano served as CEO of EXOR, Cushman & Wakefieldâ€™s majority stakeholder. Since 2007, he has also been a member of the firmâ€™s board of directors. Santâ€™Albano will be based in London.
â€śCarloâ€™s broad international experience, deep client relationships and strong investment background will accelerate the success weâ€™ve had in 2010,â€ť said Glenn Rufrano, Cushman & Wakefield president and CEO, in a statement. â€śWith his support, we will be even better positioned to achieve our growth strategy. Our entire management team is looking forward to working with him.â€ť
Sperry Van Ness Leases Up Chicago Building
Sperry Van Ness completed a leasing assignment for a ground floor retail property on S. State Street in Chicago. The firm leased 14,000 square feet of space to Premier Physical Therapy and Donnaâ€™s CafĂ©. State St Retail LLC, a subsidiary of Park Construction Group, owns the property.
KTGY Builds Out Scottsdale Quarterâ€™s New Store
KTGY Group Inc. provided architecture services for a 1,200-square-foot Dianeâ€™s Beachwear store at Scottsdale Quarter in Scottsdale, Ariz. Skyline Development and Construction served as the general contractor on the project.
Other Notable News
Grubb & Ellis Co. hired John Sechser as senior vice president of the retail group. Sechser has worked for Grubb & Ellis in the past, prior to his most recent post as senior vice president and co-director of the retail division at Colliers International.
Jones Lang LaSalle hired Emily Watkins as senior vice president in charge of innovation and product development within its corporate solutions practice. She will be based in the firmâ€™s San Francisco office and will report to Doug Sharp, international director of corporate solutions. Prior to joining Jones Lang LaSalle, Watkins served as senior director of real estate operations with Gap Inc.
Colliers International promoted Brian Woods to vice president of retail properties. Woods has been with Colliers since 2003. He specializes in leasing power centers and representing national retail tenants throughout Arizona.
CB Richard Ellis Group Inc. promoted Michael J. Riccio and Mitchell W. Kiffe to the position of senior managing director, capital markets. In their new posts, Riccio and Kiffe will co-head the production of the firmâ€™s debt and equity finance practice. Riccio will focus on expanding life company and lender relationships, while Kiffe will work on enhancing CBREâ€™s collaboration with Freddie Mac, Fannie Mae, the FHA, as well as other capital sources. Riccio has more than 26 years of experience in real estate. Kiffe, who joined CBRE in May 2010, spent 17 years working with Freddie Mac in various leadership, production and credit roles.
Coyote Management L.P. hired Jim Adkins as senior leasing specialist. Adkins has more than 25 years of experience in retail real estate. Prior to joining Coyote Management, he served as vice president of retail leasing with Bull Realty Inc.
360:Construction hired Greg Graham as senior project manager. Graham has 19 years of experience in construction management.
Graham Downes Architecture appointed Thokozani Mabena as architectural designer, Amy Sipehas as interior designer and Halsey Hixson as an administrative professional specializing in client relations and marketing.