Cleveland

Preliminary plans call for Sherwin-Williams to invest a minimum of $600 million to build both facilities in the Cleveland suburb.

Under the terms of a Memorandum of Understanding, Welltower and Jefferson would create a joint venture whereby Welltower would acquire a stake in certain real estate assets of Jefferson.

Long Ridge is located on 1,660 acres and includes a 485 MW power plant currently under development, nearly 300 acres of available flat land, two barge docks on the Ohio River, a unit train capable loop track and direct truck access to Ohio Route 7.

Philadelphia now joins San Francisco, New York City, Cleveland and Newark, NJ in the right to counsel movement. Similar legislation is advancing in Detroit, Los Angeles, Denver, and other cities across the country.

The proposed expansion would bring the total VLTs in operation to approximately 2,200 and add more than 10,000 square feet of gaming floor space.

Morgan Properties acquired the portfolio from Pittsford, NY-based Morgan Communities, which has no relation to the Pennsylvania-based company.

JACK Cleveland Casino opened in May 2012 in the historic Higbee Building in Downtown Cleveland, featuring 96,000 square feet of gaming space.

The new owner plans to undertake a $20-million capital improvement program at the property that consists of 26 three-story apartment buildings spread out over 10 acres.