NASVHILLE, TN—Locally-based Nicol Investment Co. has acquired the Velocity in the Gulch luxury apartment property here for $54.3 million.

BALTIMORE—The city's planning commission granted final approval late last week for the $140-million 414 Light St. downtown residential tower project here.

ARLINGTON, VA—Victor Hoskins, who has held key economic development-related positions in the District and in Prince George's County, has been appointed economic development director for Arlington County.

LINWOOD, NJ—The city's acquisition of approximately 17 acres of land from the Cornerstone Commerce Center for use as open space appears to have quelled criticism from some circles that the property would be developed for retail or office space.

TRENTON, NJ—As state lawmakers work on the fine points of a referendum that would allow casino gaming beyond the border of Atlantic City, some local politicians are already touting their respective jurisdictions as prime gambling locations.

CANTON, GA—The ownership of the Riverview Apartments here has secured a $6.75-million Freddie Mac CME seven-year variable rate loan to refinance the 138-unit multifamily property from New York City-based Hunt Mortgage Group.

RALEIGH, NC—New York City-based investment firm JMC Holdings has acquired the Citrix Systems' office building here for a record-setting price of $68.5 million.

ARLINGTON, VA—Arlington County Manager Barbara Donnellan saying the facility has not lived up to its revenue projections, has recommended the Artisphere cultural center be shut down.