Il luogo and il posto are Italian equivalents of the English phrase "the place." Context makes clear whether a narrower (case 2) or wider (example 1) location suits. The respective pronunciations will be "eel LWO-go" and "eel PO-sto" in Italian.
"My place" in English means il mio luogo in Italian.
Posto in Italian means "place" in English.
"Music place" in English is posto di musica in Italian.
posto
Beautiful place in Italian means "posto bello"
luogo pubblico
bel posto
libreria - biblioteca
When translated from English to Italian a raccoon is a procione
"Out" in English is fuori in Italian.
"About" in English is circa in Italian.
"Or" in English is o in Italian.