VIRGINIA BEACH, VA—Locally-based Armada Hoffler Construction Co. has been named general contractor for a $100-millon mixed-use project to be built here.

BOSTON—Last week international brokerage firm Cresa announced some changes in its executive suite. The firm, which strictly represents tenants, is embarking on an expansion platform that will see it open eight new offices in Europe, Asia, Australia, and New Zealand this spring.

NEWTON, MA—Four locally-based real estate investment trusts have collectively acquired nearly half of the company that manages their respective properties—Reit Management & Research LLC .

NEW YORK CITY—The REIT reportedly is looking to sell the 156,000-square-foot office-retail building in Midtown.

BOSTON—The Boston 2024 Partnership, which is championing the city's bid for the 2024 Olympic and Paralympic Games has raised $14 million in cash and gifts-in-kind contributions since its inception in January 2014.

COLUMBIA, MD—This is the second large industrial lease deal RREEF has inked in the last few days in the Baltimore area.

WHITE PLAINS—Pace University, which is undertaking a $100-million redevelopment of its Pleasantville, NY campus in Westchester County, has put its 37-acre Briarcliff Manor campus and its 82,000-square-foot office condominium in Downtown White Plains on the market for sale.

NEW YORK CITY—The New York City commercial office market continues to rebound from its unpleasant start this year, posting overall positive space absorption of more than a quarter million square feet in May, according to a new report by DTZ.