PITTSBURGH-The SpringHill Suites at Bakery Square hotel here has been sold to an affiliate of Capstone Development LLC of Washington, DC for $22.8 million.

NEW YORK CITY-A partnership of Magnum Real Estate Group and private investment firm 40 North Properties will develop a new dormitory building for the School of Visual Arts in the Kips Bay section of Manhattan.

RALEIGH, NC-After four years of capital improvements and new tenants, such as grocer Trader Joe's, the owners of the Holly Park shopping center here have sold the property for $33.9 million.

DURHAM, NC-BioMed Realty Trust's Wexford Science & Technology has acquired the Chesterfield Building site here for $7.5 million.

HOUSTON-Discount grocer Aldi is opening its 15th store location in the Houston area.

CHICAGO-Now that the holiday season has come to a close, two noted retailers have reportedly decided to shutter high-profile locations here.

ANNAPOLIS, MD-Look for Maryland lawmakers in the new year to draft legislation aimed at attracting the burgeoning cybersecurity industry to locations around Washington, DC.

UPPER GWYNEDD, PA-As part of its continuing restructuring, pharmaceutical firm Merck & Co. reports that it will be laying off 152 workers at its facility here in Montgomery County effective Feb. 3.