TYSONS, VA—The Meridian Group reports it has entered into a joint venture with McLean, VA-based Kettler to develop the residential and retail space in the 3.7-million-square-foot The Boro property here.

NEW YORK CITY—Maria Torres-Springer, the commissioner for small business services since 2014, has been tabbed as the next president of the New York City Economic Development Corp.

WORCESTER, MA—The 330-unit market rate Plantation Ridge apartment community nestled near a host of health care and biotech-related institutions and businesses here has been sold to an affiliate of Boston-based Audubon Capital Partners.

BEAR, DE—The ownership of the 648-unit Christiana Meadows apartment complex here has refinanced the property via a new $45-million financing package.

BOSTON—An updated plan for the Boston 2024 Olympic and Paralympic games released on Monday projects that the $4.595-billion event could have a surplus of $210 million if revenue estimates are accurate.

ROCKY HILL, CT—An entity of Boston-based Albany Road Real Estate Partners has purchased two Central Connecticut industrial business parks.

ANNAPOLIS, MD—Maryland Gov. Larry Hogan has directed the Maryland Department of Transportation to move forward with the nearly $2.5-billion Purple Line project, but with a significant cutback in state funding for the 16-mile light rail initiative.

CAMBRIDGE, MA—As part of a reorganization of its research and development operations, Bristol-Myers Squibb Co. announced plans to open a new research facility in Kendall Square here, as well as expand facilities in San Francisco and open a new facility in Connecticut.