CAYCE, SC—San Diego, CA-based Pierce Education Properties has acquired the Point West student housing community here for $16.35 million.

MIAMI BEACH, FL—The Peebles Corp. has appointed Douglas Elliman as its official sales and marketing broker for The Bath Club Estates development here.

TRENTON, NJ—The New Jersey Economic Development Authority approved tax incentives valued at $260 million on Thursday to lure energy firm Holtec International from its offices in Marlton, NJ to a site in Camden, NJ.

LINTHICUM, MD—Northrup Grumman Corp. has scheduled a groundbreaking ceremony for Monday, July 14 for its $20-million space payload facility here.

PITTSBURGH, PA—Engineering and consulting firm Michael Baker International will be relocating its corporate headquarters from Moon Township, PA to downtown Pittsburgh.

RESTON, VA—Morristown, NJ-based Normandy Real Estate Partners has sold its office building at 1775 Wiehle Ave. here to First Potomac Realty Trust for $41 million.

BUFFALO, NY—Strong demand for research space in the region has prompted owners Seavest Healthcare Properties of White Plains, NY and development partner Ciminelli Real Estate Corp. to expand the Conventus Medical Office development here at the Buffalo Niagara Medical Campus by another 50,000 square feet.

MIAMI—Franklin Street Real Estate Services reports that Peter Crane has joined the growing firm's retail team as a retail investment associate and will focus primarily on deals in Palm Beach County.