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DANIA BEACH, FL—A nearly 13-acre parcel has changed hands and will be part of a land assemblage that will be home to a major mixed-use project here to be developed by a joint venture of Masters Development of Aventura, FL and Kimco Realty Corp. of New Hyde Park, NY.
ORLANDO, FL—New owners Banyan Street Capital and Oaktree Capital Management, L.P., have hired CBRE to provide leasing services for their three-building Resource Square office complex here.
CAMBRIDGE, MA—Hong Kong-based real estate developer and Massachusetts Institute of Technology alumnus Samuel Tak Lee has bestowed a $118-million gift that will fund the creation of a real estate entrepreneurship lab at MIT.
ENGLEWOOD, NJ—Englewood Mayor Frank Huttle III has asked the city's Housing Authority to submit a plan later this year to develop age-restricted housing at the former Russell C. Major Liberty School.
HERNDON, VA—The Northern Virginia Technology Council in a letter to state lawmakers is asking the legislature to increase funding for the Center for Innovative Technology GAP Funds program.
ASHBURN, VA—A major fitness center will open at the One Loudoun master planned community here. The Fitness Equation will open a new 40,515 square-foot fitness center and full-service day spa in January 2016.
BOSTON—Industry veteran Casey Moore has joined Berkeley Point Capital LLC office here as director, seniors housing. The hire comes as the Bethesda, MD-based multifamily finance firm continues its expansion of its seniors housing line of business.
NEW YORK CITY—Locally-based Savanna and joint venture partners Hornig Capital Partners and Chelsea Village Associates have acquired the former Schlitz Brewery in the Bushwick section of Brooklyn. The new ownership plans an extensive capital improvement program to convert the industrial building into office and retail space.
WASHINGTON, DC—Real estate investment firm Bernstein Management Corp. has acquired the former office building turned luxury apartment building Sky House West for $80 million.