WASHINGTON, DC—Aria Development of New York City is proposing to redevelop two Columbia Heights apartment buildings into one 170-unit property.

ATLANTIC CITY, NJ—After not reaching a deal by the deadline at midnight on Monday, attorneys for the shuttered Revel Casino Hotel say they were going to file court papers today to cancel its agreement to sell the $2.4-billion gaming facility to Florida developer Glenn Straub.

QUINCY, MA—A $66-million financing package has facilitated the acquisition of the 640-unit Quincy Point Apartments senior community here and the rehabilitation and reservation of a vast majority of the units as affordable for at least the next 30 years.

ATLANTA—Locally-based Timbervest LLC, which manages timber-related assets and investments, reports it has sold a total of nearly 20,000 acres of timberland assets in Georgia and Pennsylvania from its Timbervest Partners I investment fund.

MIAMI—Eastern National Bank has leased 21,492 square feet of space at Dadeland @ 9700 for its corporate headquarters. The bank will relocate operations from Brickell to the 11-story, 67,142 square foot building located within the Miami/Dadeland/Pinecrest submarket.

MCLEAN, VA—Melbourne, FL-based defense contractor Harris Corp. has reportedly confirmed that after its recent acquisition of locally-based Exelis Inc. it is undertaking a headquarters study to determine where the combined company should be headquartered.

WASHINGTON, DC—The General Services Administration has formulated a new proposal for the planned consolidation of the Department of Homeland Security at St. Elizabeths that would save the federal government approximately $800 million.

PHILADELPHIA—While the ruling allows the sale of the shuttered casino to proceed, a federal appeals court ruled on Friday in favor of a major tenant of the Revel Casino Hotel in Atlantic City.