Business
Add as a preferred source on GoogleGLPI plans to bring the 262-acre former Hollywood Casino Joliet site into the partnership in three phases.
Gaming and Leisure Properties (GLPI) and Prologis plan to redevelop the former Hollywood Casino Joliet site in Illinois as an industrial site for warehousing and distribution through a joint venture.
The project covers 262 acres. Under GLPI's plan, the site would enter the partnership in three phases.
The Teamsters said the three-year agreement covers 190 workers. The union did not disclose the ratification tally or when the wage increase takes effect.
The brokerage raised its rating to Buy from Hold, citing a share-price decline, but cut its previous $165 target.
Third-quarter revenue rose 7.8% year over year as Prologis raised same-store growth forecasts and lowered its net earnings range.
