CORAL SPRINGS, FL—The Royal University Plaza shopping center here is under new ownership that will embark on a capital improvement and new leasing campaign geared at repositioning the University Drive property.

WASHINGTON, DC—The vacancy rate for trophy space in the District continues to fall from a recent high-water mark of nearly 13%.

ROSSLYN, VA—A proposal by development firm Penzance Cos. to build a major mixed-use development on Wilson Boulevard here has been given the thumbs up by Arlington County staff.

ATLANTIC CITY, NJ—A new deal struck between the shuttered Revel Casino Hotel and Florida developer Glenn Straub's Polo North Country Club entity calls for a lower sale price but a promise by Straub to institute more than $100 million in renovations to the bankrupt gaming property.

WAYNE, NJ—Public officials are expressing some concern about AvalonBay Communities, Inc.'s proposal here that if approved would be built with the same lightweight frame construction that is now being blamed for the quick spreading flames that caused significant damage at its 408-unit community in Edgewater in January.

ELLENVILLE, NY—After being spurned by the New York State Gaming Location Board on its casino bid back in November, the ownership of the storied Nevele hotel and resort here has proposed a new $100-million plan for the shuttered facility.

NEW YORK CITY—The Real Estate Board of New York has announced its nominees for the organization's coveted 2014 Sales Brokers Most Ingenious Deal of the Year awards. The nominees include all the high profile as well as complex lease, sale and finance transactions that dominated the headlines last year.

BALTIMORE—In a recent filing with the Securities and Exchange Commission, Under Armour Inc. disclosed it has entered an agreement on a 10-year lease with a company controlled by Under Armour CEO Kevin Plank.